Category: Cryptocurrency

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Jack Dorsey’s Block Launches Bitkey: A New Self-Custody Bitcoin Wallet With No Seed Phrases

December 9, 2023

Block, Inc. has recently introduced Bitkey, its innovative self-custody bitcoin wallet, offering a unique approach to bitcoin management. Unlike traditional wallets which rely on passwords or seed phrases, Bitkey utilizes a distinctive 2-of-3 multi-signature mechanism for recovery. Bitkey Wallet Approach Ditches Traditional Seed Phrases Bitkey, conceived and built by Block, Inc. (formerly Square, Inc.), is…
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Meme Coins Surge in Value, Gaining $6.7 Billion in a Month With BONK, PEPE, and SHIB Leading the Rally

December 9, 2023

Meme coins have been on a tear over the past month, increasing by $6.7 billion and 39.18% since Nov. 8. While bonk (BONK) led the pack this past week, rising 153% against the U.S. dollar, several other meme coins like dogecoin, shiba inu, and pepe recorded double-digit gains. Explosive Growth in Meme Coin Sector as…
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Altcoin Surge Outshines Bitcoin’s Modest Gain Amid Anticipation of Potential Altcoin Season

December 9, 2023

Bitcoin saw a modest increase of 1.8% in the past 24 hours as of Dec. 9, 2023. Meanwhile, more than 17 crypto assets experienced much larger gains, ranging from 7% to over 35% in the same timeframe. Despite this rise in various altcoins against the U.S. dollar, current trends have yet to signal the start…
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Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds

December 9, 2023

Hong Kong’s financial regulator has warned the public about two entities suspected of crypto frauds. In addition to issuing cease and desist letters to relevant website operators requesting them to cease offering crypto tokens for purchases, the regulator advises the public to “be cautious about too-good-to-be-true investment opportunities and advice posted on social media platforms…
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Robinhood Launches Crypto Trading in EU, Aims for Global Accessibility

December 9, 2023

Financial services firm Robinhood has announced the launch of crypto trading in the European Union. “Like we did with the stock market, it’s our goal to make crypto more accessible and affordable to everyone, regardless of where they live,” the company explained. Robinhood Expands Crypto Trading Services Financial services firm Robinhood launched its crypto trading…
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US States Collaborate to Drive Blockchain and Cryptocurrency Adoption

December 9, 2023

Source: AdobeStock While United States federal policymakers look to implement cryptocurrency and blockchain regulations, state-led organizations are taking initiatives to ensure that policy focused on cryptocurrency and blockchain adoption pass within the U.S. This is important to consider given that federal U.S. policymakers continue to remain divided on policy focused on cryptocurrency and blockchain technology…
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The Bulk of Crypto Trading Volumes in Africa Are Generated by Institutional Traders — Farzam Ehsani

December 9, 2023

Farzam Ehsani, the founder and CEO of the South African crypto exchange Valr, has stated that institutional traders account for the bulk of the African continent’s crypto trading volumes. To support this point, Ehsani referred to Valr’s largest volumes which he said “are executed via our API by institutional traders deploying a host of programmatic…
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Japan Mulls Exempting Companies From Paying Taxes on Unrealized Cryptocurrency Gains

December 9, 2023

Japan is considering exempting corporations from paying unrealized gains income taxes related to cryptocurrency holdings. The measure, proposed as part of a reform in Japan’s tax code, would allow companies to avoid paying taxes for cryptocurrencies even if their market value changes during each fiscal year. Japan to Stop Taxing Corporations for Unrealized Cryptocurrency Gains…
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Indian Government Confirms Commitment to Supporting Web3 Startups

December 9, 2023

The Indian government has confirmed its commitment to supporting startups that are innovating in the Web3 sector in India. “Web3 represents the future of internet and the government is committed to ensuring that the innovators and innovation from India create the future of Web3 and internet,” said the country’s Minister of State for Electronics and…
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Thirdweb Begins Mitigation of Vulnerability Affecting Thousands of Smart Contracts

December 9, 2023

Thirdweb, a Web3 development framework provider, has announced that it has started mitigating a vulnerability that could potentially affect thousands of smart contracts across several networks. The vulnerability, uncovered in November, impacts various pre-built smart contracts that the framework provides for rapidly deploying applications using an undisclosed open-source library. Thirdweb Mitigates Critical Vulnerability Across Dozens…
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