Bitcoin and Crypto News

Daily expert insights on cryptocurrencies, blockchain, NFTs and more

LiteBit to cease operations and to set up collaboration with Bitvavo

May 23, 2023

Due to market developments, crypto platform LiteBit ceases all operations and offers clients to transfer their funds to the Bitvavo platform. Clients will be actively informed and fully supported through the transfer process. LiteBit will wind down the organisation in the coming months. Employees will be supported towards a next step.

Bitcoin Pizza Day 2023: What can we learn from this historic moment in Bitcoin’s history?

May 22, 2023

Every year the Bitcoin community is celebrating the fact that somebody bought two pizzas online. This looks a little bit strange at first glance but it is one of the most important moments in Bitcoin’s history. What is Bitcoin Pizza Day all about and why is everybody celebrating it?

Hacker of Tornado Cash proposes to undo attack

May 22, 2023

On Saturday, Tornado Cash's DAO was taken over by an attacker, or group of attackers. It's another backlash for the plagued coin mixer which makes privacy for Ethereum holders possible. In an interesting turn of events, a day later the attacker proposed to undo his attack. Never a boring day in crypto!

Taproot wizards cause a stir at Bitcoin Miami

May 22, 2023

The guys who self-identify as the Taproot Wizards - Eric Wall and Udi Wertheimer - entered the main stage of Bitcoin Miami to loud cheers. After their short and silly wizard dance, the panel discussion started in earnest. But not everyone in the Bitcoin community is a fan of their quirky attitude and projects.

Ripple acquires Metaco and has plans for a CBDC platform

May 19, 2023

Ripple is still fighting the SEC in court over the question of whether XRP is a security or not. While it is expected that the lawsuit will come to an end this year, the company is making big moves on the international market. Recently the company acquired Metaco, one of the big players in institutional custody solutions for digital assets. The deal fits perfectly into the bigger picture. Ripple has always focused on providing solutions for international payments and remittances. Solutions that are meant for institutional customers and not retail clients.

Will nation states engage in hash wars?

May 19, 2023

We wrote about it earlier: Jason Lowery believes Bitcoin could become the world's reserve currency and that countries should engage in a peaceful "arms race" to mine Bitcoin. He believes Bitcoin is a form of digital property that will be defended similar to how navies secure maritime thoroughfare. Not everyone is sold on this concept. Let's discuss a contrarian view.

UK Treasury Committee wants to treat crypto as gambling

May 18, 2023

Many crypto enthusiasts and the broader crypto industry had high hopes for the UK to become the biggest crypto hub next to Europe. An open and efficient regulatory framework was promised, and it was believed that crypto would soon thrive in the country. A royal NFT mint was one of the many indicators that these plans are more than just make-believe. The expectations for crypto in the UK have changed all of a sudden.

Stablecoin issuer Tether has bought BTC for its reserves

May 18, 2023

Stablecoin issuer Tether (USDT) in its recent reserves report reveals that the company holds approximately 52 thousand BTC, worth a respectable $1.5 billion. This is only a fraction of its total assets but signals an interesting potential trend of institutions allocating a piece of their capital to Bitcoin.

Ripple scores another success against the SEC

May 17, 2023

Ripple has been fighting against the SEC in court since December 2020. Some analysts believe that the case could conclude this year, while others argue that each party could try to appeal the court’s decision. Whether the subject is finally settled, all believe the first verdict will provide essential guidance in the US judicial system. Should the SEC lose, then many other crypto projects could be strengthened. Winning the case could mean the SEC could go after many other cryptos.

One million people now hold 1 BTC or more

May 17, 2023

For the first time in the network's history the number of Bitcoin addresses holding more than 1 BTC has crossed 1 million. It shows that Bitcoin keeps getting more decentralized in its holder base, which is a good thing.

Sharing Shards: Ledger Recover sparks controversy

May 16, 2023

Creating reliable backups of one’s hardware wallets is perhaps the most important thing. This is usually done by writing down a so-called seed phrase consisting of 24 words. Losing this recovery phase means losing access to the wallet if it is lost or physically damaged. A couple of methods are available to ensure the seed is kept safe. Some users go so far as to engrave them in steel plates to make them fire and waterproof.

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Bitcoin and Crypto News

Daily expert insights on cryptocurrencies, blockchain, NFTs and more

LiteBit to cease operations and to set up collaboration with Bitvavo

Bitcoin Pizza Day 2023: What can we learn from this historic moment in Bitcoin’s history?

Hacker of Tornado Cash proposes to undo attack

Taproot wizards cause a stir at Bitcoin Miami

Ripple acquires Metaco and has plans for a CBDC platform

Will nation states engage in hash wars?

UK Treasury Committee wants to treat crypto as gambling

Stablecoin issuer Tether has bought BTC for its reserves

Ripple scores another success against the SEC

One million people now hold 1 BTC or more

Sharing Shards: Ledger Recover sparks controversy

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