Tag: News

Japan’s Largest IT Service Provider Fujitsu Files Trademark Covering Crypto Trading Services – Featured Bitcoin News

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Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services. The application specifically mentions “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading.” Fujitsu’s Crypto Trademark Application Fujitsu, one of the world’s largest IT service providers, filed a trademark application with the United States Patent and Trademark Office (USPTO) last week for several cryptocurrency products and services. Fujitsu is Japan’s largest IT service provider. Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted…

Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion – Finance Bitcoin News

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U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all deposits of Silicon Valley Bank and Signature Bank after they failed. U.S. Government Ready to Guarantee More Deposits if Needed U.S. Treasury Secretary Janet Yellen said in a speech to the American Bankers Association Tuesday that the government is ready to provide additional deposit guarantees if the banking crisis worsens. Following the failures of several major banks, including…

Magic Eden Launches Bitcoin Ordinal Inscription Market, Partners With Hiro, Xverse to Bolster Support – Bitcoin News

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On Monday, the non-fungible token (NFT) marketplace Magic Eden announced the launch of Bitcoin Ordinal inscription support. Magic Eden said it has partnered with the wallets Hiro and Xverse to “bring a familiar wallet transaction experience to the marketplace.” Magic Eden’s Decision to Launch on Bitcoin Without Royalty Support and Compete With Emerging Markets Magic Eden announced in a recent blog post that it has added Bitcoin Ordinal inscription support to the NFT marketplace. Last year, the Solana-based NFT market expanded to Polygon and Ethereum. With the addition of Bitcoin,…

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011 – Bitcoin News

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Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 billion in crypto assets. So far this year, there have been 19 different incidents resulting in the theft of $136 million. Top Countries Targeted by Crypto-Related Incidents: United States Leads in Frequency, China Tops in…

Crypto Ads in Belgium to Feature ‘Punchy Warning’ of Risks, New Rules Imply – Regulation Bitcoin News

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The financial regulatory body of Belgium has been tasked by the government to regulate advertisements for cryptocurrencies. New rules, set to enter into force in May, oblige advertisers to clearly warn investors of the risks associated with the digital assets. Belgium Poised to Protect Consumers From Misleading Crypto Advertisements Belgium’s Financial Services and Markets Authority (FSMA) has been granted powers to strictly regulate crypto-themed advertising. The new rules, which will be applied in less than two months, are meant to ensure that the risks linked to virtual currencies are “sufficiently…

ZenGo uncovers dApp vulnerability | Blockchain News

ZenGo, a crypto wallet developer, has discovered a security vulnerability in decentralized applications (dApps) called the “red pill attack.” This vulnerability allowed malicious dApps to steal user assets using opaque transaction approvals. ZenGo conducted research that revealed that many leading vendors, including Coinbase Wallet, were vulnerable to such attacks. However, ZenGo stated that all vendors were receptive to their reports, and most of them were quick to fix their faulty implementations. The vulnerability is possible due to a programming oversight in “Special Variables” among smart contracts storing general information on…

Former White House Senior Advisor David Plouffe Joins Alchemy Pay Advisory Board – Sponsored Bitcoin News

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sponsored Serving as a committee member of Alchemy Pay’s management and advisory board, and as Global Strategic Adviser to support Alchemy Pay’s expansion and growth in global markets, contributing actively to strategy, compliance and government relations. Alchemy Pay, Singapore based pioneer of the world’s first payment gateway solution to bridge the gap between fiat and crypto economies, has announced the appointment of legendary campaign manager and former White House Senior Advisor, David Plouffe, as Global Strategic Advisor. Plouffe is credited with the strategy and grass-roots public engagement savvy that won…

Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge – Mining Bitcoin News

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Following the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block times have been faster than the ten-minute average. Bitcoin Difficulty Expected to Rise Following the Past Two Consecutive Increases At the time of writing, Bitcoin’s difficulty is at an all-time high of 43.55 trillion, and the network’s hashrate remains above the 300 exahash per second (EH/s) range at 319.86 EH/s. Bitcoin has…

XRP Hits 2-Month High, Despite Crypto Consolidation – Market Updates Bitcoin News

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Xrp rose to a two-month high on March 21, despite crypto markets mostly consolidating in today’s session. The token surged by as much as 12% on Tuesday, whilst the global market cap is trading 0.51% higher as of writing. Cardano was also in the green today. XRP, formerly ripple, was one of Tuesday’s biggest movers, as prices rose by as much as 12%. XRP/USD hit an intraday peak of $0.4283 earlier in today’s session, a day after trading at a low of $0.374. As a result of Tuesday’s move, xrp…

White House Says Biden Has ‘Confidence’ in Fed Chair Powell While Fedwatch Tool Predicts a 25bps Hike This Week – Economics Bitcoin News

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With the Federal Open Market Committee convening on Wednesday and the recent financial troubles facing the U.S. banking system, White House press secretary Karine Jean-Pierre said President Joe Biden has “confidence” in Federal Reserve chair Jerome Powell. Meanwhile, according to the CME Group’s Fedwatch tool, the target rate probability suggests the Fed will raise the federal funds rate by 25 basis points (bps) this week. There’s also a 26.9% chance the U.S. central bank won’t raise the rate this month. Market Laser-Focused on Upcoming Fed Meeting; Biden Administration Confident in…