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Category: Bitcoin News

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Ledger Faces Backlash for Controversial Backup Tool as Crypto Community Expresses Discontent

May 17, 2023 coinerBitcoin News

Hardware wallet maker Ledger is facing significant backlash for its recent introduction of a tool enabling users to back up their seed phrases through the transmission of encrypted key fragments to third-party firms. The crypto community has not embraced this…

Bitcoin

Bitcoin, Ethereum Technical Analysis: BTC Drops Below $27,000 as US Debt Ceiling Fears Grip Markets

May 17, 2023 coinerBitcoin News

Bitcoin fell below the $27,000 level on May 17, as market uncertainty remained high amidst the debt ceiling crisis in the United States. Congress continues to negotiate terms of a potential increase to the limit, before the U.S. government runs…

Bitcoin

Tax Authority Slated to Become Main Crypto Regulator in Russia

May 17, 2023 coinerBitcoin News

Russia’s tax administration is going to be tasked with overseeing the crypto industry in the country, a high-ranking government official has indicated. According to the regulatory concept that’s currently under consideration, the revenue service will also serve as an entry…

Bitcoin

Bitcoin.com Wallet Celebrates Major Milestone With 40 Million Crypto Wallets Created

May 17, 2023 coinerBitcoin News

Bitcoin.com is proud to announce that it has reached a significant milestone in its mission to increase the adoption of cryptocurrency worldwide: the creation of the 40 millionth crypto wallet in the multi-chain, DeFi-ready Bitcoin.com Wallet. Since its inception in…

Bitcoin

Report: Biden Administration ‘Crypto Tsar’ Says DOJ will Target Digital Asset Exchange Platforms

May 17, 2023 coinerBitcoin News

According to Eun Young Choi, the head of the crypto unit at the U.S. Department of Justice (DOJ), the United States has resolved to target digital platforms because they are making it easy for criminals and money launderers. Choi said…

Bitcoin

Kaspersky Uncovers Counterfeit Trezor Wallets That Jeopardize Crypto Assets With Pre-Knowledge of Private Key

May 17, 2023 coinerBitcoin News

Kaspersky, the multinational cybersecurity and anti-virus provider, made a startling revelation on May 10th. According to their report, a victim of a crypto hack had unwittingly purchased a counterfeit Trezor Model T from a “trusted seller through a popular classifieds…

Bitcoin

Korean Crypto Exchanges Upbit, Bithumb Raided Over Lawmaker’s Crypto Dealings

May 17, 2023 coinerBitcoin News

South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings.…

Bitcoin

ViaBTC’s 7th Anniversary: The Evolution of Crypto Mining

May 17, 2023 coinerBitcoin News

On January 3, 2009, Satoshi Nakamoto mined the Genesis Block on a small server in Helsinki, Finland, and received a reward of 50 bitcoins, which marks the beginning of crypto mining. From CPU to ASIC In Satoshi Nakamoto’s initial vision,…

Bitcoin

BRICS Nations Discuss Expansion Plan as Membership Interest Grows

May 17, 2023 coinerBitcoin News

The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas…

Bitcoin

Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’

May 17, 2023 coinerBitcoin News

Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official…

Bitcoin

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May 18, 2023

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

Many of the most well-known crypto firms are not adhering to basic…

May 18, 2023

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

Investors, plagued by mounting pessimism, have sought refuge in cash, according to…

May 18, 2023

EU Council Adopts New Rules for Europe’s Crypto Markets

The Council of the European Union has given its final approval to…

May 18, 2023

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

South Africa’s BRICS Sherpa says one of the priorities at the upcoming…

May 17, 2023

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

Top executives from 146 major companies in the U.S. — including Morgan…

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