During the first week of November, the reelected Miami mayor Francis Suarez explained that he would receive part of his salary in bitcoin via the payment processor Strike. A month later, speaking at Real Vision’s Takeover event in Las Vegas, Suarez revealed he plans to take part of his 401k in bitcoin as well. Pro-Bitcoin Miami Mayor Plans to Convert…
When an attacker targets a network’s user, there is usually a deeper motive for doing so. Typically, eclipse attacks can serve as gateways for more complex attacks and disruptions. 0-confirmation double spends A user is at risk of a double-spend if they accept a transaction with no confirmations. By principle, although the transaction has already been broadcast, the sender can…
Congressman Tom Emmer (R-MN) took to Twitter this week to wish his followers a hearty “gm,” which Decrypt readers know is crypto-speak for good morning. It was just a tweet, but as one Washington observer noted, Emmer is the second GOP member of Congress to offer up a “gm,” while no Democrat has done so. So what? Does it matter…
Bitcoin and Ethereum managed to recapture ground after last week’s market wipeout. The market leaders have both started the weekend about 3% higher than last Saturday. Bitcoin currently trades at $48,576. It’s significantly shy of its former all-time high of $69,790, recorded on November 10 this year, but it’s still better than last weekend’s crash, which bottomed out at around…
Keanu Reeves owns some crypto. When asked in a new interview with The Verge if he was “into cryptocurrency personally,” the actor said “a friend of mine bought some for me awhile back” and that he hasn’t done anything with it because “I haven’t had to.” “That’s called HODL, when you just don’t touch your crypto,” interviewer Alex Heath explained…
The International Monetary Fund (IMF) has outlined some recommendations of how cryptocurrency should be regulated, noting that there is an urgent need for cross-border collaboration and cooperation on cryptocurrency regulation. IMF Provides Recommendations on Crypto Regulation The International Monetary Fund published a blog post on cryptocurrency regulation Thursday. The post titled “Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated”…
As regulatory uncertainty continues to plague the global digital asset ecosystem, there are many anti-crypto proponents who continue to harp on the fact that the industry as a whole has a long way to go when it comes to securing itself in a manner that is anywhere comparable to the traditional finance system. Now, with the recent Bitmart hack coming…
The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion consumption, more and more premium brands are jumping on this…
India’s Prime Minister Narendra Modi talked about cryptocurrency at a recent Summit for Democracy hosted by U.S. President Joe Biden. He called for global collaboration on cryptocurrencies “so that they are used to empower democracy, not to undermine it.” Prime Minister Narendra Modi Talks About Crypto at President Joe Biden’s Summit for Democracy President Joe Biden hosted a two-day virtual…
The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory. Inflation Accelerates in the United States Inflation continues to…
