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Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023 – Bitcoin News

August 16, 2023

The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present “novel and complex risks” that are difficult to assess amid recent volatility, according to the report. Growth in crypto assets corresponded with more…

Coinbase Launches in Canada — Executive Says Canada 'Well Positioned' to Be a Global Leader in Crypto Economy – Exchanges Bitcoin News

August 15, 2023

Nasdaq-listed crypto exchange Coinbase has officially launched in Canada with new offerings to “make cryptocurrencies more accessible to millions of Canadians.” A Coinbase executive stated: “Canada is well positioned to be a global leader in the…

Revolutionizing Bitcoin Privacy: Samourai Wallet Unveils BTC to XMR Atomic Swaps – Privacy Bitcoin News

August 15, 2023

In a pioneering move, Samourai, the privacy-focused bitcoin wallet, has revealed a BTC to XMR atomic swap feature aimed at revolutionizing onchain privacy in Bitcoin. Addressing the widespread issue of tainted change, also known as leftover unspent transaction outputs…

Dormant Since 2010, Bitcoin Address Awakens to Move 1,005 BTC Worth $29.7 Million – Bitcoin News

August 15, 2023

On the morning of Monday, August 14, 2023, at the precise block height of 803,135, a dormant bitcoin address — created on November 9, 2010 — stirred to life. After lying in slumber for an exacting 12.9 years, it awoke to spend a staggering 1,005 bitcoin, a sum swelling to an impressive value of more than $29 million. Waking Giant: Bitcoin Address Stirs From 12.9-Year Slumber to Transfer $29.7…

WPAY: Revolutionizing P2P Payments Through Cryptographic Proof – Press release Bitcoin News

August 14, 2023

PRESS RELEASE. The global financial system has undergone multiple changes throughout its lifetime. First, with the introduction of the gold standard, then with advancements in banking communications, digitized international trade and investment, and remittances. All of these…

Bitcoin, Ethereum Technical Analysis: BTC Bulls Continue to Target $30,000, Despite Slow Start to the Week – Market Updates Bitcoin News

August 14, 2023

Bitcoin started the week hovering slightly above the $29,300 region, however bulls continue to target a resistance level of $30,000. The cryptocurrency mostly consolidated this past weekend, with this sentiment still present on Monday. Ethereum fell marginally below its…

Going Crypto Makes Sense for Elon Musk's X – Op-Ed Bitcoin News

August 14, 2023

While X, the platform formerly known as Twitter, has made a turn to share some of its earnings with its users, the lack of a genuinely universal payment method – like crypto – means users of countries such as Russia and Venezuela are excluded from getting these benefits, disrupting Elon Musk’s intentions of incubating a global content ecosystem. While the acquisition and transition of X, the…

North Korea Hackers Continue to Target Crypto Platforms: UN Report – Bitcoin News

August 14, 2023

Hackers working for North Korea have continued to attack companies in the crypto space this year, according to independent sanctions monitors. Their findings, which reveal that Pyongyang proceeds with the development of its nuclear and weapons programs, will be included in a…

Bitcoin: $180K Prediction, World War III, Ripple Ruling – Weekly Recap

August 14, 2023

A Fundstrat investor note has said BTC could hit $180,000 before the upcoming block reward halving in April 2024, and an Indian analyst thinks World War III has already begun, expecting the BRICS economic bloc to merge with the Shanghai Cooperation Organization (SCO). In…

French Regulator Revises Crypto Rules to Align With EU’s MiCA Law – Regulation Bitcoin News

August 14, 2023

France’s financial market regulator said it’s adjusting the rules for crypto companies in line with Europe’s new regulatory framework. The changes, which will enter into force next year, seek to enhance registration requirements for businesses offering certain services for digital assets like custody and trading. Autorité des Marchés Financiers (AMF), the French financial regulator…