CRYPTOCURRENCY
Crypto News
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
The definition of a cryptocurrency is a digital asset containing cryptographic protocols that make transactions secure and immutable. Cryptocurrencies are built on top of distributed ledger technology, blockchain — which allows it to be decentralized and immune to government control and interference. Transactions involving cryptocurrencies involve public and private keys, enabling minimal processing fees, allowing users to be able to make transfers without traditional third-party institutions.
What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority
Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector.
Huobi to Discontinue Cloud Wallet Service in May 2023
Huobi Cloud Wallet will be shut off in May 2023 once Feb. 13 upgrades and maintenance end.
Binance Announces Upgrade to Proof-of-Reserves Verification
Binance's zk-SNARKs update improves proof-of-reserves verification security and transparency.
Web2 and Web3 tools are merging as crypto-backed debit cards
The Bit2Me card supports eight cryptocurrencies, including BTC, ETH, ADA, and SOL, with more anticipated later this year.
SEC to Keep Close Watch on Crypto Brokers and Advisers
The SEC stated the 2023 review goals would ensure crypto brokers and advisors follow "respectful standards of care."
Ishan Wahi pleads guilty to two counts of conspiracy to commit wire fraud
After pleading guilty to two charges of conspiracy to conduct wire fraud, former Coinbase product manager Ishan Wahi will spend at least three years.
Crypto Companies Will Reportedly Have No Presence During Super Bowl LVII
In 2022, major crypto businesses released Super Bowl LVI ads, but at least four 2023 agreements failed to reach the endzone.
Revolut Introduces Crypto Staking to UK and EEA
This week, Revolut's "soft testing" staking function will launch.
FTX CEO Describes 'Pure Hell' Leading Up to Exchange's bankruptcy case
CEO John Ray testified for FTX bankruptcy judge John Dorsey on a request to appoint an independent examiner.
Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations
Binance Tax is offered to Binance.com customers in France and Canada, with more territories to come.