A committee of MPs has recommended the U.K. government regulates cryptocurrencies in the same way as gambling.
The report from the Treasury Select Committee – a cross-party group of politicians – claims the crypto industry is a “wild west” that serves “no useful social purpose, while consuming large amounts of energy and being used by criminals in scams, fraud and money laundering”.
The committee goes on to claim that “unbacked cryptoasset...
Several crypto community members, including Ledger wallet owners, have taken to social media to express their discontent following the release of Ledger's latest feature. The newly introduced retrieval solution for itshardware crypto wallets, known as Ledger Recover, aims to offer a safeguard in case users misplace their seed phrase.Exciting update, Ledger has a new product, Ledger Recover, that’s launching soon: https://t.co/nT1VHnnSYz Her...
On Tuesday, the crypto firm Okx announced the launch of a new Ordinals marketplace. The platform is accessible via the Okx Wallet and will enable users to mint and trade Ordinal inscriptions and BRC20 tokens. While the Ordinals marketplace is still in its early stages, users can take advantage of the ability to view and transfer Ordinal inscriptions using the multichain wallet.
Okx Embraces Ordinals and BRC20 Trend, Reveals New Ordinals Ma...
The tide might have gone out on Bitcoin Ordinals, but there’s a strong undercurrent of investments in Bitcoin-only companies. River, a U.S.-based Bitcoin (BTC) technology and financial services company is the latest to make a splash. River announced a $35 million Series B equity funding round despite the bear market. Kingsway Capital led the round, with notable contributions including Paypal co-founder Peter Thiel, Cygni, Goldcrest and Valo...
The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. Once the assets are distributed, the company will be wound down.
Blockfi Explores Self-Liquidation and...
Bitcoin (BTC) surfed $27,000 on May 16 as traders stayed buoyant about upside continuation.As Cointelegraph reported, the main macro event of the week comes in the form of public commentary by Jerome Powell, Chair of the Federal Reserve, on May 19.Magazine: Alameda’s $38B IRS bill, Do Kwon kicked in the assets, Milady frenzy: Asia ExpressThis article does not contain investment advice or recommendations. Every investment and trading move in...
Layer 2 scaling solution Optimism is set to undergo its highly anticipated Bedrock upgrade on June 6. The move is expected to result in significantly reduced transaction fees, provide greater network security and enhanced compatibility with Ethereum.The Optimism team stated via a May 15 Twitter thread that the network will be down for 2-4 hours on June 6 as the upgrade goes through. “On upgrade day, transactions, deposits, and withdrawals w...
U.S. Senators Jim Risch and Bob Menendez have reintroduced the “Accountability for Cryptocurrency in El Salvador Act,” known as the “ACES Act,” for discussion in the Senate. The piece of legislation seeks to examine the level of adoption of bitcoin as a legal tender in El Salvador and how this might affect the financial stability of the country.
‘Accountability for Cryptocurrency in El Salvador (ACES) Act’ Reintroduced in U.S. Senate
U.S. ...
The United States Secret Service owns crypto, has its own NFT collection, and has praised blockchain technology's ability to fight financial crime, Reddit users learned during a recent ask-me-anything (AMA).On May 15, representatives from the United States Secret Service San Francisco Field Office and the Bay Area Regional Enforcement Allied Computer Team (REACT) opened themselves to questioning from members of the subreddit, r/cryptocurren...
