On the anniversary of the Terra Luna (LUNA) crash, the cryptocurrency community reflected on the lessons learned from the event that wiped out $40 billion in value and caused Bitcoin to drop from $28,000 to $19,000. While the incident was undoubtedly painful for those who lost money, it also served as a wake-up call for the industry to focus on…
New crypto rules in the UK mean crypto firms looking to lure in retail will have to tighten up, said the country’s financial regulator. “We will bite on firms marketing to UK consumers,” Executive Director of Supervision, Policy, and Competition, Markets at the FCA Sarah Pritchard said. “We will be on the lookout for firms that are not abiding by…
The $900 million Bitcoin (BTC) weekly options expiry on May 12 might play a decisive role in determining whether the price will succumb below $27,000. Bitcoin price rejected again at $30,000 BTC bears will try to take advantage of macroeconomic headwinds, Silk Road coins’ FUD, and uncertainty caused by Bitcoin’s transaction fee spike to pull Bitcoin’s price down in the next few days.…
In episode 19 of Hashing It Out, Ambire founder and CEO Ivo Georgiev explained a new technology aiming to bring increased flexibility and security to the Ethere… Source: https://cointelegraph.com/app/public/index.php/news/account-abstraction-could-bring-the-next-billion-users-to-ethereum-ambire-ceo
In episode 19 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw talks to Ivo Georgiev, CEO of Ethereum smart contract wallet Ambire. Georgiev explained account abstraction and how wallets can bring more people to the network. Georgiev believes self-custody is an “extremely difficult” problem that can be solved with account abstraction. He explained that account abstraction makes crypto wallets…
Amid a spike in Bitcoin transaction costs, cryptocurrency exchanges are taking measures to serve their clients properly. Source: https://cointelegraph.com/app/public/index.php/news/how-exchanges-adjust-bitcoin-withdrawal-fees
Amid the ongoing spike in Bitcoin (BTC) transaction fees, some cryptocurrency exchanges have moved to adjust the cost of withdrawing BTC from their platforms. The United States-based exchange Kraken has increased Bitcoin withdrawal fees to match the current fees on-chain, the company’s customer support manager wrote on Reddit on May 10. “This helps ensure withdrawals are processed on-chain in a…
The majority of crypto companies attracted by the once favorable Estonian regulations have either abandoned or lost their licenses. According to the latest numbers released by the Baltic nation’s anti-money laundering bureau, only 100 businesses are currently authorized to provide digital-asset services. Most Estonian Licenses for Provision of Crypto-Related Services Expire A total of 389 authorizations issued by the Estonian…
OKX launches a new campaign calling for rewriting centralized legacy financial and digital systems using blockchain technology and Web3 solutions. Source: https://cointelegraph.com/app/public/index.php/news/we-can-t-keep-putting-band-aids-on-the-current-system-okx-cmo
Lawmakers in the European Union have forwarded their measures for artificial intelligence (AI), such as ChatGPT, to the next phase after concluding a vote from two lawmakers’ committees. In a vote on May 11, Members of the European Parliament (MEPs) agreed to include in the highly anticipated AI Act banning the use of facial recognition in public spaces, along with predictive…
