Month: May 2023

Ledger clarifies how its firmware works after deleted tweet controversy

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On May 18, crypto hardware wallet provider Ledger clarified how its firmware works after a controversial May 17 tweet was deleted by the company. The deleted tweet, which Ledger said was written by a customer support agent, had stated that it was “possible” for Ledger to write firmware that could extract users’ private keys. [1/3] You may have seen a tweet from our Ledger Support account being shared regarding Ledger firmware updates. Unfortunately, in our attempt to clarify how Ledger and all wallets work with the firmware, a customer support…

BitMEX collaborates with industry players to send physical bitcoin lunar

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BitMEX has formed a partnership with Astrobotic Technology Inc. and Bitcoin Magazine to launch the first physical bitcoin to the moon. The launch is scheduled to take place at the Kennedy Space Center this summer.  Readying for a space flight The upcoming event will mark the first Western soft lunar landing since NASA’s Apollo 17 mission in 1972. With over two years of meticulous preparation, the physical bitcoin has been integrated into the Moon lander Peregrine-1,…

Singaporean family office to set up digital bank in Bahrain

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The Whampoa Group, a family office based in Singapore, will open a digital bank in Bahrain, the kingdom’s Economic Development Board said on May 18. The Group expects to open the bank by the end of the year and is aiming for a global client base. The bank will offer digital asset trading, custody and management among digital banking services. According to Bloomberg, the Central Bank of Bahrain has granted the bank “in principle approval” pending fulfillment of all requirements. Whampoa Group is associated with two prominent Singaporean Lee families —…

Bitcoin (BTC) Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet

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One of the new models, WhatsMiner M53S++, delivers 320 terahash per second (TH/s) of computing power with efficiency of 22 joules per terahash (J/T). It is more powerful than rival Bitmain’s equivalent, the Antminer S19 XP Hydro, which delivers up to 257 TH/s, but less efficient that the Bitmain model, which can run at 20.8 J/T, the company’s founder and CEO Zuoxing Yang said. Original

Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023

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Mass crypto adoption is already taking place around the world, but not in the United States or Europe, nor does it have Bitcoin as a flagship asset for mainstream acceptance. According to Daniel Fogg of smart contract platform Rootstock, the increase in adoption is instead ongoing in emerging markets, where cryptocurrencies are offering solutions to people’s everyday problems.  In an interview with Cointelegraph’s Joe Hall at the Bitcoin Builders Conference in Miami, Fogg spoke about Bitcoin pragmatism, adoption worldwide and how emerging economies are shaping the future of the crypto…

Coinbase launches zero trading fee subscription service

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Cryptocurrency exchange Coinbase is set to launch its subscription service called “Coinbase One” across 35 countries. Initially, only customers in the United Kingdom, Germany and Ireland will have access to Coinbase One. According to the May 18 announcement, Coinbase One aims to provide features such as zero-fee trading, amplified staking rewards and exclusive benefits through partnerships with industry players such as Messari and CoinTracker for a monthly fee of $29.99. Furthermore, Coinbase plans to collaborate with other partners — such as Alto IRA (Individual Retirement Account), Blockworks’ Permissionless and Lemonade —…

Bitcoin Miami panel rejects ‘fight’ rhetoric against regulators

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A trio of speakers in attendance at Industry Day, May 18, during the Bitcoin 2023 event in Miami held a discussion on government regulation and how the cryptocurrency industry should fight back against the “anti-crypto army.” Moderated by David Zell, cofounder of the Bitcoin Policy Institute, the panel featured Perianne Boring, Founder and CEO at Chamber of Digital Commerce, Mina Khattak, Senior director of crypto and web3 at Worldpay, and Dana Syracuse, a partner at law firm Perkins Coie. The discussion opened with Chamber of Digital Commerce’s Boring describing the…