Tag: News

Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner – Bitcoin News

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The bitcoin hardware wallet manufacturer Coinkite has announced the launch of a new product, the Coldcard Q1, which features a QWERTY keyboard and QR code scanner. Coinkite details that the battery-powered device utilizes the same security model as the Coldcard Mk4. Coinkite Introduces the Coldcard Q1 Over the past three months, companies have unveiled new hardware wallets for securely storing cryptocurrency assets. In Dec. 2022, Ledger announced the launch of Stax, designed by iPod creator Tony Fadell. The following month, decentralized exchange (dex) aggregation service 1inch Network disclosed its plans…

Aave Launches Stablecoin GHO on Ethereum Goerli Testnet with Open Source Codebase and Audits – Altcoins Bitcoin News

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Aave Companies, the firm behind the decentralized finance (defi) project Aave, has announced the launch of a stablecoin called GHO on the Ethereum testnet network Goerli. The codebase is available on Github and has undergone audits by Open Zeppelin, Sigmaprime and ABDK. Aave Invites Programmers to Test GHO Before Mainnet Deployment On Thursday, Aave Companies announced the launch of its native stablecoin GHO on the Ethereum Goerli testnet. The company also released the open-source codebase on Github. The developers of Aave are inviting programmers and prospective integrators to begin testing…

Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC – Regulation Bitcoin News

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Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million in disgorgement, prejudgment interest, and civil penalties, as indicated by the regulator. Kraken To Pay $30 Million For Not Registering Staking Services Kraken, one of the largest U.S.-based cryptocurrency exchanges, has agreed to pay $30 million in disgorgement, prejudgment interest, and civil penalties to the U.S.…

Analyst Warns of Banks’ Authority to Confiscate Funds, Decline of US Dollar Purchasing Power – Economics Bitcoin News

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According to Lynette Zang, chief market analyst at ITM Trading, U.S. banks have the legal authority to confiscate people’s funds due to legislation passed by Congress. In a recent interview, Zang discussed how the purchasing power of the U.S. dollar has dwindled to “roughly three cents,” her belief that central bank digital currencies (CBDCs) will reinforce a “surveillance economy,” and the unalterable nature of the World Economic Forum’s proposal, known as the Great Reset. The Consequences of Bank ‘Bail-Ins,’ CBDCs, and the Great Reset In a recently published video interview,…

Major Crypto ATM Operator Coin Cloud Files for Bankruptcy – Featured Bitcoin News

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One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files for Bankruptcy Cash Cloud Inc., a digital asset ATM operator doing business as Coin Cloud, voluntarily filed for Chapter 11 bankruptcy on Tuesday. In its filing with the U.S. bankruptcy court for the District of Nevada, Coin Cloud declared an estimated number of…

LBank Secures Virtual Asset Provider Registration to Operate in Italy – Press release Bitcoin News

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press release PRESS RELEASE. Global crypto exchange LBank has registered as a Virtual Asset Provider with Italian regulator Organismo degli Agenti e dei Mediatori (OAM). The regulatory approval allows the exchange to offer a range of services and products to Italian users. On the 1st of February 2023, LBank completed its registration with the OAM as a Virtual Asset Provider, as required by Italian legislation on crypto assets. The global crypto exchange with over 9 million users will now be able to offer services and products to Italian traders. The…

Could a New Digital Pound, or a Central Bank Digital Currency (CBDC) be a Feat or a Failure for Citizens? – Blockchain News, Opinion, TV and Jobs

The Treasury and the Bank of England are consulting on a potential digital pound, or central bank digital currency (CBDC). The consultation is being launched because both HM Treasury and the Bank want to ensure that, in the future, the public will have access to ‘safe money’ that is convenient to use. People’s everyday lives are becoming more digital, and the new digital coin could also support private sector innovation. The digital pound would be issued by the Bank of England and could be used by households and businesses for…

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers – Regulation Bitcoin News

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Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over US Stifling Crypto Staking and Innovation Coinbase CEO Brian Armstrong said he has heard rumors that the U.S. Securities and Exchange Commission (SEC) plans to eliminate cryptocurrency staking for retail customers in the U.S. Armstrong…

LINK Moves to 3-Month Peak, as DOGE Drops to 10-Day Low – Market Updates Bitcoin News

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Chainlink rallied to a three-month high during Thursday’s session, despite a red wave sweeping through cryptocurrency markets. Today’s surge came as the token broke out of a key resistance level. Dogecoin, on the other hand, was victim to today’s market sell-off, falling to a ten-day low in the process. Chainlink (LINK) Chainlink (LINK) raced to a three-month high earlier in the day, as prices broke out of a key resistance level. LINK/USD moved to a peak of $7.75 during Thursday’s session, which follows on from a bottom at $6.91 the…

Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter – Bitcoin News

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Localbitcoins, the Helsinki, Finland-based bitcoin exchange founded in 2012, is closing operations after over a decade of service. The company’s operators attribute the shutdown to the “ongoing crypto-winter,” which has left them unable to continue offering their bitcoin trading services. The Challenges Faced by Localbitcoins and its Ultimate Demise in the Crypto Market The first peer-to-peer (P2P) bitcoin exchange, Localbitcoins, is ending operations after over ten years in the business. The exchange announced the news on its website, stating that new sign-ups will be suspended as of Feb. 9, 2023,…