This is an opinion editorial by Thorbjørn König, a principal product designer with a sole focus on creating great user experiences for bitcoin products and services. One of the more curious features of bitcoin is that if you are able to memorize 12 or 24 words, known as a recovery phrase or seed phrase, you can essentially hold your bitcoin…
A Chinese intermediate court based in Beijing recently upheld a lower court’s ruling which determined that cryptocurrency is a virtual property protected by the law. The court clarified that regulations issued by the Bank of China and others only prohibit the circulation of virtual currency. ‘Financing Behaviour Prohibited by the Law’ An intermediate court in China recently upheld a lower…
Ethereum engineering firm Infura is creating a Decentralized Infrastructure Network to launch sometime next year, the firm announced Friday at the ETHBerlin hackathon. The network’s working title is the “Decentralized Infrastructure Network.” According to a statement, this new network will provide “millions of future users” access to Web3 products “without outages and downtime due to a single point of failure.”…
After Ethereum’s long-awaited Merge, it’s an ideal time to think about how we can also improve smart contracts. Essentially apps that run on blockchains, smart contracts are a vital component of our Web3 applications. But interacting with them remains quite dangerous, especially for non-developers. Many of the incidents where users lose their crypto assets are caused by buggy or malicious…
With the Ethereum merge now completed and the top blockchain for NFTs and decentralized applications switched to a proof-of-stake system, Dogecoin is now the second largest proof-of-work coin after Bitcoin by market cap. Initially launched in 2013 as a joke, lampooning the crypto crash, Dogecoin is currently the tenth-largest cryptocurrency, with a market capitalization of $7.95 billion. Dogecoin, like Bitcoin,…
The United States Department of Justice (DOJ) published its latest report in response to President Joe Biden’s March executive order (EO) on the development of digital assets on Sept. 16. At the same time, it announced the formation of a new Digital Asset Coordinator Network (DAC) “in furtherance of the department’s efforts to combat the growing threat posed by the…
Sports Metaverse startup LootMogul secured a $200 million investment commitment from Gem Global Yield, providing the company a share subscription facility of up to $200 million for a 36-month term following an equity exchange listing. The company said that the funding is expected to boost the development of LootMogul’s metaverse focused on sports games, including “building meta (virtual) sports cities…
Binance announced Friday that it has partnered with the Ukrainian supermarket chain VARUS, saying it will enable cryptocurrency payments for grocery purchases through its Binance Pay Wallet. The grocery store is one of the largest companies in Ukraine with over 111 stores across 28 cities in the country. The company said that this partnership will allow its customers to access instant…
The Ethereum Merge came and went, leaving investors to ponder what the next trending development in the market could look like. In a Cointelegraph Twitter Space with Capriole founder Charles Edwards, the analyst mentioned that excitement over the Ethereum Merge and its bullish price action had somewhat been holding up hope across the market. Now that the event has come…
The United States Treasury Department released three publications related to digital assets Friday, in response to U.S. President Joe Biden’s Executive rder “Ensuring Responsible Development of Digital Assets.” One of them focuses specifically on crypto assets, and a shorter action plan looks at countering illicit finance risks. The discussion of crypto assets in “Crypto-Assets: Implications for Consumers, Investors, and Businesses”…
