Bitkey is a multi-signature hardware wallet device that comes with a set of recovery tools and a mobile app. The full Bitkey product suite is expected to launch later this year in the U.S., Canada, the U.K., Brazil, Australia and other global markets. Original
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seem to be on the same page about the documents known as the Hinman Emails: The former official’s past remarks shouldn’t govern current policy. Source
Banco de la República, Colombia’s central bank, is partnering with Peersyst and Ripple to pilot blockchain technology on the XRP ledger. The Ministry of Information and Communications Technologies (MinTIC) in Colombia will oversee the project, which will use Ripple’s recently launched central bank digital currency (CBDC) platform. Ripple and @Peersyst are partnering with Colombia’s @BancoRepublica in conjunction with @Ministerio_TIC to pilot use cases that will enhance Colombia’s high-value payment system. Learn more about the partnership: https://t.co/X9jyJ3pvDa — Ripple (@Ripple) June 15, 2023 An announcement published on June 15 says the pilot…
While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise. After discovering Bitcoin, most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually give up due to the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack of technical expertise. Hypothetically, if one overcomes the above challenges, they could enjoy advantages such as full autonomy over their operations and diversification of their crypto investment via physical hardware instead of directly purchasing Bitcoin,…
The middle eastern arm of cryptocurrency exchange OKX reported Dubai’s Virtual Asset Regulatory Authority had granted the firm a minimal viable product preparatory license as part of its plans to expand into the region. In a June 15 notice, OKX said amid the regulator’s licensing approval, the exchange planned to increase its staff to 30 people in Dubai and had already opened an office in the city’s World Trade Center building. VARA granted OKX a provisional operating license in July 2022 allowing the firm to offer products and services in…
Judge Lewis Kaplan, of the U.S. District Court for the Southern District of New York, asked the FTX founder’s defense team several questions about their motion to dismiss bank fraud, wire fraud and campaign finance charges, though he did not make a decision on the motions to dismiss during Thursday’s hearing. Source
The final quarter of 2020 saw the launch of a precedent-setting lawsuit by the United States Securities and Exchange Commission against Ripple Labs, CEO Bradley Garlinghouse and co-founder Christian A. Larsen. The allegation: raising north of $1 billion in 2013 through the unregistered sale of a purported security, XRP (XRP). The implications of Ripple’s bold choice to challenge the lawsuit in court radiate far beyond the company. The judgment could become the Rosetta Stone for determining whether other cryptocurrencies are deemed securities. A Ripple victory could fuel a new era…
As for the Win Trump Prizes NFTs, at the time of writing, the number of unique owners had dropped from 799 to 788, indicating that only a few others are choosing to or are able to burn their NFTs (I burned mine without issue as part of reporting this piece). Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrency exchange Coinbase has joined forces with Bitkey, a self-custody bitcoin wallet app from Block, to facilitate bitcoin purchases while guaranteeing control over private keys. Coinbase announced its collaboration with Bitkey, a self-custody bitcoin wallet application launched by Jack Dorsey’s Block. The partnership is aimed at enabling customers to purchase bitcoin conveniently while also retaining authority over their private keys. Coinbase is thrilled to have partnered with Bitkey, the self-custody bitcoin wallet made by Block, Inc.…
The potential issuance of fiat currency in digital form has garnered global attention, with various jurisdictions exploring the concept. The EU, the US, and the UK are among those actively considering the implementation of a CBDC. A leaked draft of the proposed Digital Euro Bill, set to be proposed by the European Commission on June 28, reveals several significant provisions that aim to shape the future of the Central Bank Digital Currency (CBDC). The draft bill, seen by CoinDesk, highlights key elements such as the ban on interest and surcharges,…