Month: June 2023

Ledger releases white paper for hardware wallet seed recovery tool

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Major hardware cryptocurrency wallet provider Ledger is getting closer to launching its planned solution to allow users to back up and recover a Ledger device seed. Ledger chief technology officer Charles Guillemet took to Twitter on June 21 to announce that the hardware wallet company has open-sourced the Ledger Recover white paper. Today, we are publishing the Ledger Recover White Paper, a key step in allowing anyone to audit the cryptographic protocols. This builds on the over 150 apps and other open-source enablement Ledger has already implemented. Don’t trust, verify.…

Binance Labs, CoinFund Lead $10M Round for Smart Contract Infrastructure Firm Neutron

Neutron, which had its mainnet launch in May, is a cross-chain smart contract platform that uses the Cosmos ecosystem’s interchain security feature, Replicated Security (RS). Developers can use Neutron to build smart contracts and decentralized applications (dapps) in a cost-effective and secure environment, the firm said in the statement. Source 10MBinanceCoinFundContractFirmInfrastructureLabsLeadNeutronSmart CryptoX Portal

Singapore MAS proposes digital money standards with major industry players

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The Monetary Authority of Singapore (MAS) released a proposal for a common protocol that would specify the conditions for the use of various types of digital currencies. On June 21 MAS published a whitepaper that covers technical specifications outlining the lifecycle of its new Purpose Bound Money (PBM) concept, along with the names of financial institutions and fintech firms that plan to pilot PBM. PBM plans to enable senders of digital currencies across different systems, such as central bank digital currencies (CBDCs) or stablecoins, to be able to specify conditions…

Bitcoin adoption in Mexico boosted by Lightning partnership with retail giant

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The world’s largest Bitcoin (BTC) conference, Bitcoin 2023, in Miami, Florida, passed without major fanfare this year. Past conferences announced nation-state adoption, massive crypto integrations in the United States, and islands and territories worldwide embracing Bitcoin.  Nonetheless, at Bitcoin 2023, one partnership with a potentially significant impact on the world’s 15th-largest economy flew under the radar. We’re thrilled to announce our partnership with Grupo Salinas. Looking forward to seeing the positive impact this collaboration will have.⚡️ #Bitcoin #bitcoiconference2023 https://t.co/rkAjWnmKsK pic.twitter.com/yWIWc6751B — IBEX ⚡️ (@PoweredbyIBEX) May 18, 2023 José Lemus, the CEO…

Bitcoin 2023 in Miami comes to grips with ‘shitcoins on Bitcoin’ – Cointelegraph Magazine

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Among the more memorable displays at Bitcoin 2023 is a real-life toilet with the logos of various non-Bitcoin cryptocurrencies. It’s an ad for a booth selling “buttwipes” that are “moistened with the tears of no-coiners.” The marketing message is clear: Bitcoin is the real thing — everything else is a shitcoin that belongs in the toilet.  But only a few steps away is another booth selling trading solutions for BRC-20 tokens, which some have labeled shitcoins for Bitcoin. Across the walkway are more booths slinging NFT minting software — also…

Binance launches regulated platform in Kazakhstan amid troubles in the West

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Global cryptocurrency exchange Binance announced the launch of a regulated digital asset platform in Kazakhstan amid growing regulatory troubles in the West. The launch of the new platform was announced at a press event on June 20, 2023, in the presence of representatives of Kazakhstan’s banking industry and Binance Kazakhstan’s leadership.  The cryptocurrency exchange obtained an in-principle approval to operate in Kazakhstan in August and a permanent license to offer a digital asset platform and provide custodial services at the Astana International Financial Center (AIFC) in the country from the AIFC…

Bitcoin Cash leads charge as global crypto markets recover

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a downturn that compounded investor angst, the broader crypto market has embarked on a recovery campaign, with bitcoin cash (BCH) leading the charge. This recovery is geared towards reclaiming the losses of the past week. Notably, the global crypto market capitalization has surged by a massive 5.76% in the past 24 hours. Consequently, the market valuation currently stands at $1.13 trillion, its highest value in two weeks. The impressive gains from bitcoin (BTC) and most…