Month: October 2023

Tales of lost Bitcoin wallets

In the shadowy corners of the digital world, where the glow of computer screens illuminates faces with eerie light, there exist tales of lost fortunes. These tales act as a terrifying reminder of the unpredictable nature and volatility present in the cryptocurrency markets and the need to adopt stringent security measures.  1. James Howells and the lost 7,500 BTC A British man named James Howells unintentionally threw away a hard drive in 2013 that contained 7,500 Bitcoin (BTC), currently valued at over $258 million. The hard disk is still buried;…

Is Dogecoin Set For A Big Leap? 2 ‘Promising’ Indicators To Watch

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Dogecoin (DOGE) has experienced a modest upturn in both its daily and weekly performance, prompting speculation about its potential for future growth. While the gains have been minimal, a prominent analyst, Ali Martinez, suggests that there might be room for further development.  Martinez’s analysis reveals that Dogecoin, as seen on the weekly chart, is breaking free from a multiyear descending triangle pattern. This pattern is a technical analysis pattern used in financial markets to predict potential price movements. In this pattern, a horizontal line represents a level of support, while…

US Bankruptcy Court Approves Crypto Exchange Bittrex’s Shut Down

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Crypto exchange Bittrex received the green light from the US bankruptcy court yesterday (Monday) to shutter its US operations. The Judge also approved the exchange’s liquidation plan to repay its remaining creditors. Bittrex filed for bankruptcy protection in May after the US Securities and Exchange Commission (SEC) brought charges against the exchange for operating an unregistered securities exchange. Instead of fighting the regulator, Bittrex settled the charges for a monetary penalty of $24 million in August and decided to exit the US market. Unlike most bankrupt crypto exchanges, Bittrex’s decision…

Web3 wallet Backpack to launch VASP-licensed crypto exchange in Dubai

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The Dubai Virtual Assets Regulatory Authority (VARA) has issued a Virtual Asset Service Provider (VASP) license to the crypto wallet Backpack, resulting in the launch of Backpack Exchange.  Backpack’s VARA license is limited to crypto exchange services in Dubai and does not allow the company to offer any other of its virtual asset products and services. According to the announcement, the Backpack exchange incorporates zero-knowledge proof of reserves (zk-proofs), Multi-Party Computation (MPC) for custody and low latency order execution, among other features. The announcement also revealed that the Backpack exchange…

TikTok, Snapchat, OnlyFans and others to combat AI-generated child abuse content

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A coalition of major social media platforms, artificial intelligence (AI) developers, governments and non-governmental organizations (NGOs) have issued a joint statement pledging to combat abusive content generated by AI. On Oct. 30, the United Kingdom issued the policy statement, which includes 27 signatories, including the governments of the United States, Australia, Korea, Germany and Italy, along with social media platforms Snapchat, TikTok and OnlyFans. It was also undersigned by the AI platforms Stability AI and Ontocord.AI and a number of NGOs working toward internet safety and children’s rights, among others.…

Spain Brings Forward MiCA Crypto Rules by Six Months After EU Pressure

The rules introduce tough consumer-protection measures for crypto firms, and in principle kick in at the end of next year for companies seeking a new license. Companies already operating under national law, however, can carry on for a further 18 months, and regulators are anxious that an overlong implementation period would place customers of the bloc’s roughly 2,000 registered crypto companies at a disadvantage. Source

Bankman-Fried Had a Hairy Day in Court

CryptoX – Cryptocurrency Analysis and News Portal An observation from sleep-deprived day 15 of Sam Bankman-Fried’s criminal trial: prosecutors embrace the inevitable outcome of male pattern baldness; defense lawyers don’t. Original Source The post Bankman-Fried Had a Hairy Day in Court appeared first on CryptoX. CryptoX Portal

Why This 70-Year-Old Billionaire Wants To Own Bitcoin

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Billionaire investor Stanley Druckenmiller recently gave his two cents on Bitcoin, acknowledging the asset’s growth and popularity over the past 17 years. While speaking at an interview with billionaire Paul Tudor Jones, Druckenmiller compared Bitcoin to gold, noting its evolution into a recognizable brand and investment vehicle.  Druckenmiller admits he doesn’t actually own any BTC as of the moment, but he’s been closely following it and thinks it could be an attractive investment. Druckenmiller Sees Bitcoin And Gold As Stores of Value Bitcoin has long been hailed by financial analysts…