Day: May 16, 2023

Crypto community reacts to Ledger wallet’s secret recovery phrase service

Several crypto community members, including Ledger wallet owners, have taken to social media to express their discontent following the release of Ledger’s latest feature. The newly introduced retrieval solution for its hardware crypto wallets, known as Ledger Recover, aims to offer a safeguard in case users misplace their seed phrase. Exciting update, Ledger has a new product, Ledger Recover, that’s launching soon: https://t.co/nT1VHnnSYz Here’s what Ledger Recover is and what it isn’t, explained by @P3b7_ & in the thread below. pic.twitter.com/RW1w07H6pK — Ledger (@Ledger) May 16, 2023 Ledger Recover is…

Crypto community reacts to Ledger wallet’s secret recovery phrase service

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Several crypto community members, including Ledger wallet owners, have taken to social media to express their discontent following the release of Ledger’s latest feature. The newly introduced retrieval solution for itshardware crypto wallets, known as Ledger Recover, aims to offer a safeguard in case users misplace their seed phrase. Exciting update, Ledger has a new product, Ledger Recover, that’s launching soon: https://t.co/nT1VHnnSYz Here’s what Ledger Recover is and what it isn’t, explained by @P3b7_ & in the thread below. pic.twitter.com/RW1w07H6pK — Ledger (@Ledger) May 16, 2023 Ledger Recover is a…

US Government Will Come Down Hard on Crypto Exchanges and Mixers To Send a Message to Industry: Report

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The Department of Justice (DOJ)  is about to initiate a crackdown on the crypto industry in a purported effort to prevent the flow of illicit funds. According to a report from the Financial Times (FT), the DOJ’s top crypto enforcement tsar Eun Young Choi is promising a new wave of scrutiny over crypto exchanges and mixing services. Choi says that the government is now digging its heels deeper into the industry as she says that the scale of crime within it has grown “significantly.” She says the platforms that commit…

Bitcoin’s Ordinal Inscriptions Surpass 7 Million Mark, Fueling the Trend’s Unstoppable Momentum – Bitcoin News

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On May 15, 2023, the number of Ordinal inscriptions surpassed the 7 million mark and as of 9:00 a.m. Eastern Time on Tuesday morning, 7,204,882 Ordinal inscriptions have been added to the Bitcoin blockchain. Miners have collected 1,324 bitcoin in fees by confirming inscription transactions which equate to roughly $35.86 million in added onchain fees. Bitcoin’s Inscription Frenzy: Over 7 Million Ordinal Inscriptions and Counting The unstoppable momentum of Bitcoin’s Ordinal inscriptions continues to defy detractors, surging past several milestones. With over 7 million inscriptions now firmly embedded in the…

Updated European tax directive requires reporting on all crypto asset transfers

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The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets. This is the eighth version of the Directive on Administrative Cooperation (DAC), which is a set of procedures for automatic information sharing between European governments for tax purposes.  DAC8 was proposed in December and approved on May 16 after the passage of Markets in Crypto-Assets (MiCA) since it depends on definitions established in that legislation. The new DAC adheres to the Crypto-Asset Reporting Framework (CARF) and amendments to reporting standards published by…

How blockchain is revolutionizing the gaming industry?

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As blockchain gaming continues to evolve and become more adopted in entertainment, it’s natural to contemplate the future of the industry.  The future of blockchain gaming is promising and will likely see significant growth in the coming years, including mainstream adoption as more businesses endorse blockchain technology. More traditional game developers may incorporate blockchain technology into their games, leading to increased mainstream adoption. One primary challenge for blockchain gaming will be overcoming entry barriers for players and organizations. Emerging market players like DeFi Kingdoms, 0xBattleGround and CryptoBeasts are built around…

SDM Financial to Present Informative Webinar on Digital Asset Derivatives for Miners, Funds, and HNWIs – Press release Bitcoin News

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press release PRESS RELEASE. SDM Financial is thrilled to announce an upcoming webinar focused on digital asset derivatives, taking place on Tuesday, May 23, 2023, at 10:30AM EDT. The webinar is tailored to provide digital asset mining firms, crypto-focused funds, and digital asset investors with valuable insights into the benefits of digital asset derivatives in effectively managing risk and optimizing returns. The webinar will feature a panel of experts who will share their knowledge and expertise: Alan Mittleman, Head of US & Derivatives at SDM Financial Matt Williams, Head of…

Billionaire Paul Tudor Jones maintains positive bitcoin outlook

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Billionaire hedge fund manager, Paul Tudor Jones, has restated his positive outlook on bitcoin in spite of regulatory hurdles in the United States and amid ongoing discussions about inflation. Investor and billionaire, Paul Tudor Jones, has reiterated his positive view on bitcoin (BTC) on CNBC’s “Squawk Box”, despite the intensifying regulatory scrutiny within the United States. He emphasized bitcoin’s unique trait of having a fixed supply that cannot be influenced by human actions, thereby reinforcing its…