Day: June 16, 2023

Trezor CEO cites usability as top factor for the hardware wallet: BTC Prague

boss

Amid the expanding trend toward self-custody, hardware wallet Trezor’s CEO Matej Zak has highlighted the most relevant development vector for the company so far – enhancing usability to significantly increase the number of users over the next few years. Speaking to Cointelegraph at the BTC Prague 2023 conference on June 9, Zak said: “Educate hard and build simply” is currently Trezor’s most relevant strategy in developing its hardware wallets amid the growing demand for self-custody.” “You need to explain what self-custody is because it’s still a different concept. It’s nothing that…

Bitcoin price eases downside as traders demand $24.5K support holds

boss

Bitcoin (BTC) recovered some lost ground on June 16 as markets shook off mixed United States macro signals. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BlackRock Bitcoin ETF plan buoys markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $25,500 on Bitstamp after bouncing around $1,000 from the previous day’s lows. Popular trader Skew followed moves on major exchange Binance around the price action, uncovering concerted buying efforts at the lows. Sellers subsequently stepped in closer to $26,000. $BTC Sellers found more coins https://t.co/wuHmiYVLrc pic.twitter.com/04bUfGHp3Q — Skew…

Bitkey Forms Alliance with First Global Partners: Coinbase and Cash App

While announcing Coinbase and Cash App as the new partners, Bitkey referred to some information it passed in March. Bitkey, a self-custody Bitcoin wallet app by Jack Dorsey’s Block, is partnering with Cash App and crypto exchange Coinbase (NASDAQ: COIN). The Bitcoin wallet application announced its first two global partners on June 15, noting that it aims to make self-custody more accessible. In addition to enabling customers to purchase, the alliance assures control over private keys. Previously, former Twitter CEO Jack Dorsey conducted an in-house beta of the Bitcoin self-custody wallet, which…

Coinbase Report Casts Doubt on Bitcoin Halving Effects on Market Performance

It remains uncertain how the upcoming halving will affect Bitcoin’s price behavior, especially with global liquidity appearing to have peaked in the near term. With the next Bitcoin (BTC) halving anticipated in the second quarter of 2024, there is considerable speculation about its potential impact on the performance of the leading crypto asset and the market in general. However, according to reports, a new  Coinbase publication suggests that while halving is often seen as a positive event due to its effect on Bitcoin scarcity and supply-demand dynamics, the true outcome of…

Bill Gates Meets President Xi Jinping in Beijing, Discusses Eradication of Infectious Diseases

Among other items on his itinerary, Bill Gates visited Xi Jinping in Beijing. However, specific details about their discussions is unknown. Microsoft co-founder Bill Gates met Chinese President Xi Jinping in Beijing on Friday. The talk between them comes on the third day of Gates’ visit and one day after his meeting with the mayor of Beijing, Yin Yong. Although there are no official details of Bill Gates’ meeting with President Xi Jinping, the meeting with the Beijing mayor reportedly involved partnering with China on drug discovery. Xi Jinping reportedly told Gates…

Adobe Raises Revenue and Profit Outlook on Generative AI Optimism

Adobe is making a significant leap forward by integrating generative AI features into its product offerings. In a significant development for the technology industry, Adobe Inc (NASDAQ: ADBE) the renowned software company, has announced a raised full-year revenue and profit outlook. The optimistic projection is primarily driven by the company’s assumption that the incorporation of generative artificial intelligence (AI) technologies into its software solutions will fuel growing demand. According to its latest release, the company now anticipates sales of around $19.3 billion, up from its previous projection of $19.2 billion.…

Why some Cubans are adopting BTC to escape ‘The Matrix’

boss

Bitcoin adoption could swell in Cuba, particularly if private businesses understand the upside to accepting Bitcoin (BTC) as currency. That’s according to a Cuban businessperson and Bitcoin advocate, Erich Garcia Cruz. A recent emigrant to the United States, Cruz is a vocal proponent of Bitcoin adoption in Cuba. Cruz leads the remittance and money transfer services BitRemesas and QvaPay, and has been outspoken in supporting Cuban citizens using Bitcoin since 2020. In an interview with Cointelegraph as part of an upcoming documentary, Cruz explained that Cubans can use Bitcoin “as…

Binance Under Investigation in France, Accused of ‘Serious’ Money Laundering: Report

Allegations against Binance from French prosecutors “relates on the one hand to acts of illegal exercise” of operating as a digital asset service provider and “acts of aggravated money laundering, by competition with operations of investments, concealment, conversion, the latter being carried out by perpetrators of offenses having generated profits,” the Paris’ public prosecution office told CoinDesk. Source

OKX Secures MVP ‘Preparatory’ License in Dubai, Reveals Next Plan

OKX Middle East had been offering certain products and services in the region since last July. Dubai’s Virtual Assets Regulatory Authority (VARA) has granted crypto exchange OKX a minimal viable product (MVP) preparatory license. This implies that the exchange is now cleared to fulfill all requirements to bag a full operational license in the region. According to a Thursday statement by OKX Middle East, once it receives this license, it will be able to extend its “approved suite of duly regulated virtual assets activities”. That is, it then can start…

Crypto lobbyists seek SEC info on regulatory approval for Prometheum

The Blockchain Association, a prominent US crypto lobbying group, has lodged a formal inquiry with the US Securities and Exchange Commission (SEC) to acquire information about the relatively unknown crypto firm, Prometheum. This move comes after Prometheum’s CEO, Aaron Kaplan, recently testified at a House hearing, expressing support for regulating cryptocurrencies under securities laws, in contrast to other industry proponents. On June 15, Marissa Coppel, counsel for the Blockchain Association, expressed skepticism about Prometheum’s regulatory approval as a special purpose broker-dealer (SPBD) for digital assets, especially given the SEC’s ongoing…