Day: March 13, 2023

Hardware vs. Software Crypto Wallets: Which Is Right for You?

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Cryptocurrencies like Bitcoin and Ethereum have rapidly gained popularity in recent years, and many people are now looking for ways to invest in and store these digital assets securely. One of the key components of a successful cryptocurrency investment strategy is choosing the right type of crypto wallet to meet your needs. A crypto wallet is a software program or hardware device that allows you to store, send, and receive cryptocurrencies securely. However, not all crypto wallets are created equal, and selecting the wrong type of wallet could put your…

Binance Launches Prepaid Card in Colombia – Exchanges Bitcoin News

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Binance, the cryptocurrency exchange, has launched a prepaid cryptocurrency card in Colombia, expanding its reach in Latam. The card, which will allow customers with their identity verified to make payments with crypto, establishes the country as one of the leading markets for the exchange in Latam behind Brazil and Argentina. Binance Announces Crypto Prepaid Card in Partnership With Movii Binance, the biggest cryptocurrency exchange in volumes traded, is making moves to expand its services in Colombia. The company announced the launch of a new prepaid cryptocurrency-linked card, that…

US Government Announces $25B in Funding amid Fears of Looming Banking Crisis

The US government appears to be solely focused on strengthening public confidence in its banking system. The United States government has swung into immediate action with the BTFP fund following a series of bank collapses that has caused widespread fears of a potential banking crisis. To this end, the US Federal Reserve Board has announced $25 billion worth of funding aimed at helping banks and other depository firms. At least, the funds will give eligible banks the liquidity they require to cater to their customers’ needs during this difficult period.…

European Politicians Consider Developing Own Blockchain

The MiCA law focuses on the management and strict rules for crypto asset service providers. The Secretary of State for Digitization in Belgium, Mathieu Michel, revealed that European politicians are considering building their own blockchain after the landmark crypto law. Politicians are exploring ways to attract Web3 businesses, and a blockchain could be the answer. Speaking to CoinDesk in an exclusive interview, the Belgium minister said that the new “Europeum” blockchain would respect privacy.  According to Michel, the blockchain could serve multiple purposes. He explained that it could help record professional qualifications,…

Privacy-focused blockchain network closes Aztec Connect tool

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Privacy-oriented blockchain platform Aztec is preparing to shut down Aztec Connect, the network’s privacy infrastructure serving as the encryption layer for Ethereum. Aztec Network officially announced the upcoming closure of Aztec Connect, planning to disable Aztec Connect deposits from front-ends like zk.money and zkpay.finance on March 17. According to a blog post by Aztec, users will be able to withdraw their funds from Aztec Connect with no fees for one year. “While withdrawals will always be possible, they will become significantly more burdensome after March 21, 2024,” Aztec said, recommending…

Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) begins a new week with a bullish surge above $22,000 as the Federal Reserve injects liquidity into the United States economy. In a move which can rival any classic Bitcoin comeback, BTC/USD is up a full 15% off the two-month lows seen on March 10. The volatility — and at least temporary relief for bulls — is all due to events in the U.S. after the failure of one bank and the forced halting of another’s operations. Silicon Valley Bank and Signature Bank are the latest victims in…

Euler Finance hacked for over $195M in a flash loan attack

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Ethereum-based noncustodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal millions in Dai (DAI), USD Coin (USDC), staked Ether (StETH) and wrapped Bitcoin (WBTC). According to on-chain data, as per the last update, the exploiter carried out multiple transactions, stealing nearly $196 million. The ongoing attack has already become the largest hack of 2023. The breakdown of stolen funds is as follows:  Funds stolen from Euler Finance. Source: BlockSec. According to crypto analytic firm Meta Seluth, the attack correlates with the deflation…