The ‘Easter egg’ went viral earlier this year, but won’t remain on Apple for long. Source
Bitcoin Whitepaper to Be Removed in Next Apple MacBook Update: Report
Month: April 2023
UPS Shares Slide 9.9% as Company Missed Analysts’ Expectations on Both Earnings and Revenue in Q1 2023
For Q1 2023, UPS reported adjusted earnings per share (EPS) of about $2.20, whereas analysts expected the company to report an EPS of $2.21. United Parcel Service Inc (NYSE: UPS) shares closed Tuesday’s market trading at $176.29, down 9.99 percent from the day’s opening price. The sudden decline was directly attributed to the UPS first quarter (Q1 2023) earnings results released on April 25. During the first three months of 2023, United Parcel Service reported consolidated revenues of $22.9 billion, a 6 percent decline from the first quarter of 2022.…
Crypto Has Evolved From Being Seen as an ‘Anti-Establishment Rebellion Asset’ Says FCA Executive Director – Regulation Bitcoin News
From being seen as a small “anti-establishment rebellion asset” more than ten years ago, crypto has grown to “become more widespread,” says Sarah Pritchard, an executive director at the United Kingdom’s Financial Conduct Authority (FCA). Pritchard said while the FCA has routinely warned consumers of risks associated with crypto, the watchdog has “always been open to innovation.” Few Customers Know About Crypto According to Sarah Pritchard, an executive director of markets at the Financial Conduct Authority, crypto has evolved from being seen as “an anti-establishment rebellion asset” more than ten…
Ethereum’s (ETH) Energy Footprint Before the Merge, Was as Much as Switzerland’s Yearly Use
“If I go out on the street now and ask, ‘Hey, what is 100 terawatt hours? What is six gigawatt hours?’ people don’t know,” said Neumüller in an interview with CoinDesk. “So we have tried to contextualized it in the form of pictures, specifically with the buildings and, of course, the raspberry. This makes these magnitudes very clear without an understanding of energy notations.” Original Source EnergyETHEthereumsFootprintMergeSwitzerlandsYearly CryptoX Portal
Ishan Wahi, Ex-Coinbase Employee in Insider Trading Case, Looks to Limit Jail Term to 10 Months
“The Defendant respectfully submits that a sentence of no more than 10 months incarceration, together with several other consequences of Ishan’s conviction, would impose a sufficient, but not excessive, punishment for the crimes of conviction,” said the filing. Source
Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change
The New York Federal Reserve has published new rules for counterparties looking to use its money market balancer, casting uncertainty over intentions by stablecoin issuer Circle to use the Fed’s systems. In an April 25 statement, the New York Fed announced adjustments to its guidelines to determine which parties are eligible to participate in its reverse repurchase agreements (RRP). The updated guidelines could potentially hinder Circle’s chances of gaining access to the Fed’s reverse-repurchase program — a process where the Fed sells securities to eligible counterparties with an agreement to…
Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts
The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities. The video came from a “Blockchain and Money” class in the Fall Semester of 2018 taught by Gensler, a former professor at the Massachusetts Institute of Technology (MIT) before he became chair of the Securities and Exchange Commission (SEC). On the topic of initial coin offerings (ICOs), Gensler said that…
The danger with Google’s new cloud backup for 2FA authenticator
Google released an update for its popular authenticator app that stores a “one-time code” in cloud storage, allowing users who have lost the device with their authenticator on it to retain access to their two-factor authentication (2FA). In an April 24 blog post announcing the update, Google said the one-time codes will be stored in a user’s Google Account, claiming that users would be “better protected from lockout” and it would increase “convenience and security.” In an April 26 Reddit post to the r/Cryptocurrency forum, Redditor u/pojut wrote that while the…
How Bitcoin’s Use of Mathematical Tools Ensures System Consistency – Featured Bitcoin News
Over 14 years ago, Satoshi Nakamoto unveiled the Bitcoin network to the world, creating the very first triple-entry bookkeeping system known to mankind. This technological wonder, with a current market value of $540 billion, ingeniously integrates encryption and mathematical formulas to fortify its security. In this exploration, we delve into two of the mathematical choices that underpin Bitcoin’s complex architecture, determining block rewards, transaction inputs and outputs, and mining difficulty adjustments, while also regulating the pace at which new blocks are discovered. Whole Numbers at Work: A Look at Bitcoin’s…
DEX Merlin Drained of $1M During Public Token Sale Despite ‘Audit’
Exploiters drained some $850,000 worth of USD Coin (USDC) from Merlin on Wednesday morning, with some more relatively illiquid tokens drained. As such, blockchain data suggested that some entity with control of the liquidity pool was able to drain the funds easily – meaning this was not a complex or sophisticated exploit. Source