Crypto news

Crypto hardware wallet provider Ledger will delay plans to launch its private key recovery service after receiving major backlash following its announcement last week.  The controversy – which rose questions about the safety and trustworthiness of Ledger devices more broadly – has inspired the company to accelerate its open-sourcing roadmap.  Ledger’s Apology Ledger CEO Pascal Gauthier began by issuing a public apology letter on Tuesday for the way Ledger’s “Recover” service...

Bitcoin payment service provider – Bitpay – announced the integration of Brave Wallet into its payment protocol allowing crypto wallet users to make payments straight from the privacy browser. According to the official press release shared with CryptoPotato, users of Brave Wallet will be able to shop with crypto at thousands of top merchants online and in-store, such as Newegg, APMEX, PacSun, AMC Theatres, and airBaltic. Commenting on the development, BitPay CEO Stephen Pai...

A Reuters report on Tuesday suggested that Binance – the world’s largest cryptocurrency exchange – comingled billions of dollars worth of customer assets with its corporate revenue in 2020 and 2021, obscuring the whereabouts of their money.  Binance’s Chief Communications Officer Patrick Hillmann responded by calling the story “weak” and xenophobic but admitted that Binance has had “regulatory shortcomings” in the past. Reuters’ Claims The initial Reuters report cited...

A United States Court has granted a motion to dismiss a lawsuit alleging Binance’s involvement in a pig butchering scam that stole roughly $8 million from its victim. According to a recent filing with the U.S. District Court for the Eastern District of Texas, Judge Amos Mazzant granted Binance’s motion to dismiss the case for lack of personal jurisdiction and the plaintiff’s failure to state a claim. An $8M Pig Butchering Scam A pig butchering scam involves criminals luring...

Michael Saylor – Executive Chairman of the Bitcoin-bullish software company MicroStrategy – spoke at the Bitcoin 2023 conference in Miami regarding the trajectory of Bitcoin adoption as a Treasury Reserve asset, and its place next to crypto in the US regulatory perimeter.  The former CEO addressed whether the so-called “lack of clarity” surrounding crypto regulation in the United States is “by design,” and how regulatory agencies actually view digital assets.  What the SEC...

Shutterstock will acquire Giphy from Meta for $53 million in cash, complying with the UK regulator’s order to divest the animated-images platform due to competition concerns. Shutterstock, an American provider of stock photography, footage, music, and editing tools, has announced the acquisition of Giphy Inc, the popular animated image platform owned by Meta Platforms Inc. According to the statement, Shutterstock is acquiring Giphy at an incredible discounted price of $53 million, as Meta...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Calgary, Canada is setting up a new training and investigations hub hosted by local police authorities. The purpose is to deal with rising crypto crime that residents have reported. The goal is to keep crime numbers down and make sure people know how to avoid digital scams in the future. Calgary Gets Serious...

Given the significance of 5G technology in the advancement of consumer electronics and connectivity, Apple said it is spending tens of billions of dollars to develop this field in the US. Popular US tech giant Apple Inc (NASDAQ: AAPL) said it has signed a multibillion-dollar agreement with Broadcom Inc (NASDAQ: AVGO), a multinational semiconductor and infrastructure software firm to produce 5G components. Through the partnership, Broadcom will develop 5G radio frequency components,...

Alibaba Cloud has emerged as an early IPO candidate and will reportedly pursue a 7% staff layoff amid its ‘streamlined’ restructuring.  The cloud arm of Chinese e-commerce giant Alibaba Group (NASDAQ: BABA) has begun a layoff set to affect 7% of its total workforce. Sources describe the downsizing as part of broader measures to prepare Alibaba’s cloud division for a spinoff. Furthermore, sources add that the new standalone company would ultimately pursue an initial public offering (IPO)....

Bitcoin turned higher this week, recording a modest 2% gain. While the largest crypto asset continues to languish below several key levels, the holders’ accumulation over the past several weeks suggests that it is “increasingly being used as a buy-and-hold asset.'” According to Bitfinex’s latest report, over 68.45% of the total supply, amounting to 13.27 million of the 19.4 million BTC in existence, have not moved in over a year. This growing trend of investors holding...