South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry – Bitcoin News

A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading inaccurate information that “does immeasurable damage to an important new industry.” Only 0.15% of Crypto Transactions Are … Read more

Bitcoin Pioneer Jeff Garzik Launches Web3 Production Company

Jeff Garzik, a key developer of the Linux operating system and Bitcoin Core project, announced the launch of NextCypher Productions on Tuesday. The independent entertainment company aims to use Web3 tools to produce independent science fiction entertainment. “I was the third most prolific developer on the original Bitcoin blockchain back in 2010,” Garzik tells Decrypt … Read more

Simplifying Bitcoin Addresses DNS – Bitcoin Magazine

This is an editorial opinion by Mark Jeftovic, cofounder and CEO of easyDNS Technologies Inc. and author of “Managing Mission Critical Domains and DNS.” From the moment I discovered Bitcoin back in 2013, I knew there would eventually have to be a way to reference wallet addresses using human-readable labels. The big problem with Bitcoin’s … Read more

Senate Bill Would Give CFTC ‘Exclusive Oversight’ of Bitcoin and Ethereum

A bill introduced by a Senate committee would grant the Commodity Futures Trading Commission “exclusive oversight” over what it defines as a “digital commodity.” The Digital Commodities Consumer Protection Act of 2022, introduced by the Senate Agriculture Committee, outlines definitions for the new category of commodities, including Bitcoin and Ethereum but excluding financial instruments considered … Read more

Is it ever worth the risk?

The cryptocurrency space is expected to reach 1 billion users in 2030. While some have been known to make a fortune off of it, others have ruined their finances, chasing similar results, going as far as getting credit to buy crypto by putting up valuable assets, including their homes, as collateral. Borrowing to invest can … Read more

After the crypto crash comes the SEC crackdown

It’s been a rough couple months for some people who’ve had it easy for a long time. A growing number of cryptocurrency operations may finally be facing some consequences for their alleged illegal actions. On Monday, the Securities and Exchange Commission charged 11 people behind Forsage, calling it a $300 million Ponzi scheme disguised as … Read more

Another crypto bridge attack: Nomad loses $190 million in ‘chaotic’ hack

Bridges are the infrastructure that allow users to exchange assets between different blockchains, the digital database underpinning major cryptocurrencies. When a bridge service swaps one coin for another, it “wraps” the currency so that it will function on the other blockchain. A wrapped coin does not become another currency altogether — “it just looks like … Read more

Galoy Brings US Dollars To Bitcoin – Bitcoin Magazine

Galoy Inc., the team behind the wallet of El Salvador’s Bitcoin circular economy Bitcoin Beach, is adding a new feature to that infrastructure: bitcoin-backed synthetic US dollars. Often seen as a need among citizens of developing countries, a representation of the US dollar backed by BTC promises to enable anyone to hedge against the daily … Read more

New York Attorney General Wants to Hear From Investors Deceived by Crypto Platforms – Regulation Bitcoin News

New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed. Letitia James Issues Investor Alert on Cryptocurrency New York Attorney General Letitia James issued … Read more

Bitcoin price battles $23.5K resistance amid relief over Pelosi Taiwan trip

bitcoin (BTC) rose to daily resistance at the Aug. 3 Wall Street open as United States equities gained on relief over Taiwan. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks gain as US dollar coils Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to the area just below $23,500, which had figured as … Read more