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U.S. Sen. Cynthia Lummis (R-Wyo.) said she is “deeply troubled” by the Department of Justice's (DOJ) stance on unmanaged software.in Tweet, Lummis expressed concern about the Department of Justice's “very aggressive argument that non-custodial software may qualify as a money transfer service.” He added that the Justice Department's position is “inconsistent with existing Treasury guidance” and “violates the rule of law.”“The argument against self-custody software threatens fundamental property rights that are at the core of being an American,” Lummis said, adding, “For the right to keep your own keys and run your own nodes. “I will fight,” he added. She…
Bitcoin appears to be on a different trajectory than the bullish predictions many investors had predicted following the network halving on April 19th. It has fallen 11% over the past day and was trading at $56,889 on Wednesday afternoon, according to CoinGecko data. About $64,000 at halving. Prices have fallen 20% since hitting an all-time high of $73,000 in mid-March. With the halving looming and exchange-traded fund flows drying up, “this leaves Bitcoin watchers focused on macro, making the picture cloudy at best,” CoinDesk Index said. said Andrew Baer, head of product. luck. According to the Consumer Price Index, the…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. The cryptocurrency market continues to experience unpredictable price fluctuations, creating uncertainty for digital assets. Amid this volatility, the fortunes of some coins diverged. Injective fell and Monero rose. However, an unexpected player appeared. Koala Coin (KLC) is currently in stage 1 and the price is $0.014. With volatility being a hot topic, Koalacoin's sharp rise is causing a wave of FOMO among investors. Koalacoin: A potential respite in the crypto thunderstorm Koalacoin provides a welcome reprieve in a landscape…
Who owns the most Ethereum (ETH)? The relationship between Coinbase, Grayscale, Robinhood, and BinanceOne of the most interesting aspects of blockchain is that everything is public. All trades, wallets, and portfolios are fully accessible to everyone, giving you an unprecedented amount of insight into financial asset classes.Uses for the data range from monitoring overall trading activity and flows to seeing how the largest wallets and companies are handling their positions. Arkham Intelligence is a blockchain analytics platform of particular interest for the second application. Cross-reference financial disclosures by companies and individuals with on-chain activity and match entities with specific wallet…
Runes on the Bitcoin blockchain guide traders Huge losses are likely to occur in the coming months. Staking on the Ethereum blockchain is increasing, and there are concerns about its future potential as “money.” Ahead of the FOMC (Federal Open Market Committee) meeting in May 2024, the virtual currency market showed a significant decline. Bitcoin fell to $56,494, a level last seen on February 28, 2024. Market sentiment tilted toward fear as investors rebalanced their portfolios in hopes of no rate cuts. At the time of writing, Bitcoin's MVRV ratio (7-D) has fallen to -8.099%. On average, Bitcoin holders were…
An indictment filed in federal court in California alleges that when Mr. Ver renounced his U.S. citizenship in 2014 after becoming a citizen of the Caribbean nation of St. Kitts, he owned 131,000 Bitcoins. They allege that he failed to report the incident and carried out a fraudulent scheme. And Nevis.At the time, each Bitcoin was worth about $871. The transaction price on Wednesday morning was $57,416, making Ver's 131,000 Bitcoins worth more than $7.5 billion.To become a U.S. expat, you must pay special taxes to the Internal Revenue Service. The Department of Justice alleges that in preparing these tax…
Oleg Erkov Written by Bart Collin The euro area economy finally showed some meaningful growth in the first quarter of 2024, after a long period of stagnation since the start of the energy crisis in the second half of 2022. The economy is profitable. Energy supplies were more stable, costs were significantly lower, and inflation rates were lower. Second, wage growth accelerated to compensate for lost purchasing power, now benefiting consumers. Although the details are not yet known, judging from the situation in France, it appears that household consumption is the driving force. In Spain, strong investment data boosted economic…
Cryptoassets are a high-risk asset class. This article is for informational purposes only and does not constitute investment advice. You could lose all your capital. Top after XMR developer Luke 'Kabaya' Parker reveals Full Chain Membership Proof (FCMP), which aims to increase anonymity across the network and drive up the price of XMR. Privacy coin Monero (XMR) is scheduled for a major update. Monero is one of the earliest cryptocurrencies. Created as a peer-to-peer crypto similar to Bitcoin, the network further enhances its main selling point: privacy. However, despite this unique value proposition, evolving regulations and regulatory pressure on supportive…
At least 101,000 Americans over the age of 60 fell victim to digital fraud last year, with the average person losing $33,915, according to a new FBI report.According to the report, the largest dollar losses were due to fraud involving Bitcoin and other cryptocurrencies. Since at least 2018, the FBI's Internet Crime Complaint Center (IC3) has published statistics showing the extent of the impact cybercrime has had on older Americans. In 2023, the IC3 office received 101,068 complaints from this population. This was an 11% increase over the previous year and was roughly on par with 2020's highest number.According to…
Ethereum founder Vitalik Buterin is advising people to “decentralize their own security” after weighing in on a Twitter debate about using cold wallets. To prove his point, Buterin said he stores 90% of his crypto assets in a multisig safe wallet. “M-of-N, some keys are held by you (but not enough to prevent recovery), others are held by others you trust,” he said. wrote. “Don't reveal who other people are, even to each other.” The “m-of-n” mentioned by Buterin describes one way to set up a multisig (multi-signature) wallet. The first variable refers to the minimum number of signatures required…