In the third episode of Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw discusses the future of noncustodial cryptocurrency wallets with Kosala Hemachandra, CEO of MyEtherWallet. Recent issues with centralized platforms have put the spotlight on decentralized applications (DApps), and self-custody — where users keep their funds completely under their responsibility — has become a major trend. MyEtherWallet is…
Bitcoin consolidated marginally below $17,000, as market volatility remained high following the recent Federal Open Market Committee (FOMC) minutes. In December’s meeting, the U.S Federal Reserve agreed to maintain hiking rates, with inflation still near historic highs. Ethereum also remained close to recent highs on Thursday. Bitcoin Bitcoin (BTC) mostly consolidated on Thursday, as price failed to break out of…
South Korean consumer tech giant LG Electronics has doubled down on its metaverse ambitions with a series of announcements at this year’s Consumer Electronics Show. NFT aficionados will now be able to use a service known as Blade Wallet to buy, sell and trade their digital artwork at home using their LG smart TVs via the company’s LG Art Lab…
Daniel Friedberg, controversial lawyer who served as top compliance chief at now-defunkt exchange FTX, has reportedly cooperated with United States’ prosecutors investigating FTX collapse. Friedberg provided details about FTX in a meeting with two dozen investigators hold by the U.S. Attorney for the Southern District of New York’s (SDNY) office on Nov. 22, Reuters reported. The meeting included officials from…
A U.S. District Court for the District of Puerto Rico has issued a detention order for Mango Markets attacker Avraham Eisenberg. In a court filing, Magistrate Judge Bruce McGiverin deemed it necessary to detain Eisenberg on the grounds that “no condition or combination of conditions of release will reasonably assure the defendant’s appearance [in court] as required.” Eisenberg was arrested…
The FTX debacle has triggered a bank run on Silvergate, causing the company to sell off its assets at a loss and cut staff by 40% to cover $8.1 billion worth of customer withdrawals. According to a report published by the Wall Street Journal, the bank liquidated debt that it was holding on its balance sheet to keep up with…
Shirts worn by the players of the Italian soccer team Napoli will display the logo of cryptocurrency exchange Upbit. The arrangement is part of a sponsorship deal with Dunamu, the company that operates the coin trading platform, which is one of the largest in South Korea. Italian Serie A Leader Napoli Secures Crypto Sponsorship From Korea’s Dunamu and Upbit SSC…
Animoca Brands will aim to raise $1 billion for its metaverse investing fund in the early part of this year, softening previous ambitions to raise as much as $2 billion. “We had initially looked at a target of $1 billion, whether it goes upsized or downsized we don’t know yet,” Animoca Brands chairman Yat Siu said in a Twitter Spaces…
Hong Kong authorities are looking for new designs for a central bank digital currency (CBDC), now proposing to issue a CBDC in the form of a stablecoin backed by the government. Wu Jiezhuang, a member of the Legislative Council of the Hong Kong Special Administrative Region, believes that turning the Hong Kong digital dollar (e-HKD) into a stablecoin would provide…
In a year that was characterized by surging energy and food prices, Germany’s average inflation rate in 2022 rose to 7.9% up from the 3.1% seen in 2021. Russia’s invasion of Ukraine, as well as the supply bottlenecks resulting from the war, are said to be among the factors that helped to drive up prices. Impact of the Ukraine-Russia War…
