Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets.Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Cameron said she first started advocating for crypto-related policies in the U.K. government following one of her constituents being the victi...
A lot of Bitcoin (BTC) miners just came online. The Bitcoin hash rate, or the total computing power of the Bitcoin blockchain, just soared to 439 exahash per second (EH/s). Moreover, the number of transactions the Bitcoin blockchain processed in one day exceeded 682,000, as over 300,000 Ordinals were inscribed on the Bitcoin blockchain. These milestones demonstrate the network's strength and stability, as well as the increasing adoption of Bitcoi...
Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multiday lows.Referring to the May 3 Federal Reserve decision on interest rate policy, a further post described Bitcoin as being “in sideways territory, where bears and bulls have arguments for both biases.”“Lots of fear going into the event of the FED tomorrow, probably unwarranted, but we'll see. Expecting slightly deeper,” Van de Poppe added.Bank stocks squeeze fails t...
Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges.A May 1 filing in a California District Court by a Coinbase user claimed the exchange's requirement that a customer uploads pictures of a valid ID and a self-portrait in order for the firm to conduct Know Your Customer (KYC) checks is violating certain provisions of Illinois...
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission (CFTC) conceded that orders requiring payment of funds “may not result in the recovery of any money lost because wrongdoers may not have suffic...
Cybercriminals from the darkest parts of the internet are reportedly selling hacked, verified crypto accounts on the darknet for as low as just $30 apiece.According to an April 24 research paper by online data security provider Privacy Affairs — titled The Dark Web Price Index, cybercriminals have been selling all manner of fraudulently obtained financial account information on the dark web.Our newest Dark Web Price Index yearly research is ready...
Crypto mining stocks rallied on Tuesday as President Joe Biden apparently agreed to withdraw his planned 30% tax on electricity used by the companies.
“The current debt proposal does not include a digital asset mining energy tax,” Rep. Warren Davidson (R-Ohio) told Forbes in a written statement. “We’ve spoken out to oppose this tax and I see this as a significant victory.”
Riot Platforms led gainers among the major mining stocks, rising 10%...
Almost midway through 2023, markets have bounced back from a lousy 2022 more robustly than many investors inspected, but fears of a recession haven’t faded completely. More than 30 influential investors and business leaders converged on Pier Sixty in Manhattan for the second annual Forbes Iconoclast Summit on Monday to break down how they’re positioning their portfolios and steering their companies and clients through the delicate environme...
Stablecoins are digital payment tokens designed to maintain a constant value against one or more specified fiat currencies. These tokens serve as a trusted medium of exchange, facilitating innovation and enabling the seamless purchase and sale of digital assets on-chain. The value stability of stablecoins is crucial for their widespread adoption and utility in various financial transactions.
Stablecoins have gained significant attention in t...
A traditional Ethereum
ETH
wallet is called an Externally Owned Account (EOA) and it is what you use with MetaMask for example. As a result, your Ethereum account is uniquely derived from the cryptographic key pair that signs on its behalf.
Account Abstraction (AA) is the process of separating signing keys from the accounts for which they sign. Developers can use this separation to shape their UX and abstract technical details from the...
