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The Securities and Exchange Commission (SEC) is facing criticism from one of its own commissioners regarding the proposed settlement with Ripple. Hester Peirce, also known as “Crypto Mom” for her support of the cryptocurrency industry, has expressed skepticism about the terms of the settlement. Peirce believes that the SEC’s actions against Ripple have caused uncertainty [...]
Celsius CEO Alex Mashinsky Criticizes Government In The Wake Of His Prison Sentence The CEO of Celsius Network, Alex Mashinsky, has expressed anger and frustration towards the government after being sentenced to prison for his involvement in a crypto-related case. Mashinsky has been a prominent figure in the cryptocurrency industry and his company, Celsius Network, [...]
The value of the stablecoin associated with former President Donald Trump has seen a significant increase following a controversial cryptocurrency deal with a senator from the United Arab Emirates (UAE). Senator Warren has raised concerns about the shady nature of this deal, questioning the motives behind the sudden surge in the stablecoin’s value. The partnership [...]
Arizona Governor Katie Hobbs has decided to veto a bill that would have allowed state residents to pay their taxes using Bitcoin. This decision has sparked mixed reactions among Bitcoin enthusiasts. The bill, known as Senate Bill 8, was aimed at expanding the use of cryptocurrency in the state of Arizona. However, Governor Hobbs cited [...]
Davido has remained silent amid criticism about pump-and-dump schemes and regulatory scrutiny.
The adoption of stablecoins is causing a stir in the world of legacy forex payment platforms, according to Kevin OLeary. The popular investor and entrepreneur shared his thoughts on why traditional payment systems are not eager to embrace stablecoins. OLeary mentioned that stablecoins, like USDC and USDT, have gained significant traction in recent years due [...]
EigenLayer, the second-largest DeFi protocol with $15.952 billion in total value locked, recently announced its native token's stakedrop. However, the distribution details have sparked disappointment and criticism within the crypto community. This article explores the allocation strategy, criticisms, and potential implications for EigenLayer. (Read More)
Guidance on crypto banking in the United States has been a topic of discussion at the Federal Reserve, with Senator Cynthia Lummis expressing doubts. The debate revolves around the regulation and integration of cryptocurrencies within the traditional banking system. Lummis, a known supporter of crypto assets, believes that the current regulatory frameworks may hinder innovation [...]
The post Senator Lummis Criticizes Fed’s Withdrawal of Crypto Banking Rules as “Lack of Real Progress” appeared first on Crypto Breaking News.
In a recent development, Democratic senators have criticized the Department of Justice (DOJ) for its decision to shut down a specialized unit focused on investigating crypto-related crimes. The move has sparked concerns among lawmakers regarding the DOJ’s commitment to combating illicit activities in the cryptocurrency space. The Senate Democrats expressed their dismay over the closure [...]
The post Democrats criticize DOJ’s decision to disband crypto crime unit as a ‘grave mistake’ appeared first on Crypto Breaking News.
Javier Milei, a liberal presidential candidate in Argentina, stated recently that he has the funds needed for the dollarization of the country at the current market prices. Milei noted that his team had signed an NDA (non-disclosure agreement) with unknown third parties that would provide the liquidity needed to close the Central Bank of Argentina.
The post Presidential Candidate Javier Milei Claims He Has the Funds to Dollarize Argentina appeared first on BTC Ethereum Crypto Currency Blog.
Bitget CEO Criticizes Removal of HyperLiquid Jelly Perps from Listing In a recent turn of events, Bitget CEO has expressed strong disapproval of the decision to delist HyperLiquid Jelly Perps. The CEO highlighted concerns about the impact this delisting could have on the market and traders. HyperLiquid Jelly Perps, a popular asset among traders, has [...]
The post Bitget CEO criticizes Hyperliquid’s management of questionable incident with JELLY token appeared first on Crypto Breaking News.
Solana Removes Advertisement Following Criticism Over Insensitivity Toward Gender Concerns Solana recently made the decision to withdraw an advertisement after facing backlash for its perceived insensitivity towards gender-related issues. The move came in response to widespread criticism from the community and was seen as a necessary step to address the concerns raised. The advertisement, which [...]
The post Solana Removes Controversial Ad Criticized for Insensitivity towards Gender Issues appeared first on Crypto Breaking News.
Binance’s former CEO, CZ, is advocating a pragmatic approach to the much hyped relationship between Artificial Intelligence (AI) agents and cryptocurrencies. AI agents have been touted as the new red-hot narrative in 2025, mainly due to the advancement of AI technology and their potential in the current financial frameworks. While acknowledging cryptocurrencies’ vast potential as […]
Canada’s recently elected Prime Minister Mark Carney has expressed skepticism towards Bitcoin, stating concerns about its potential impact on the economy. Carney, a well-known critic of the popular cryptocurrency, has raised questions about its volatility and lack of regulation. In a recent interview, Carney highlighted the importance of protecting consumers and investors from the risks [...]
The post Canada’s Prime Minister Criticizes Bitcoin, Highlighting its Weaknesses appeared first on Crypto Breaking News.
On June 20, 2023, around 9 p.m. Eastern Time, the tally of Ordinal inscriptions minted on the Bitcoin blockchain surged past 13 million. A mere five days had elapsed since the 12 million milestone was reached, indicating a persistent demand for these inscriptions that shows no signs of diminishing. Moreover, there has been a recent [...]
The post Ordinal Inscriptions Surge Past 13 Million Amid Game-Changing Recursive Inscription Upgrade appeared first on Crypto Breaking News.
Verichains, a leading blockchain security firm, has identified significant blockchain security vulnerabilities. In an urgent public advisory to projects in the ecosystem, the Verichains team said the vulnerabilities relate to IAVL proof verification and spoofing attacks in Tendermint Core and Cosmos. Specifically, the security risks relate to critical Empty Merkle Tree vulnerability and IAVL Spoofing ...
<p>The post Verichains discloses critical blockchain security vulnerabilities | Invezz first appeared on CCNC.</p>
The newly appointed head of the Bank for International Settlements (BIS) ‘Innovation Hub’, Cecilia Skingsley, predicts a bright future for the crypto market and central [...]
The article bizarrely contrasts the alleged fraud carried out by Sam Bankman-Fried with gang violence on the Bahamian island of New Providence.
The controversial Taro protocol is ready for testing. The initial version of the code is available on GitHub, and it enables “developers to mint, send, and receive assets on the bitcoin blockchain.” Notice that the company isn’t talking about the Lightning Network yet. In a blog post announcing the Taro launch, Lightning Labs promised, “once the on-chain functionality is complete, we’ll work towards integrating the Taro protocol into lnd, bringing Taro assets to the Lightning Network.” Related Reading: An Interview with Ben Caselin on AAX- Lightning Network Integration and TARO Protocol Implementation This is the first step of many and it’s mainly aimed at developers. According to Lightning Labs, “this initial release is only designed for testnet usage as a way for developers to start using the code.” That means, no real value is flowing through Taro at the moment. But… what is Taro anyway? The blog post defines it as a “Taproot-powered protocol for issuing assets that can be transferred over bitcoin and in the future, the Lightning Network for instant, high volume, low fee transactions.” Taro Will Enable Stablecoins To Travel Through Lightning This is a multifaceted protocol that allows many things, but the feature everyone is excited about is the fusion of stablecoins with the Lightning Network. It’s controversial because you have to trust the issuer of stablecoins, which means they come with counterparty risk. Bitcoin doesn’t have that problem. In any case, in the subsection titled “The First Step Towards Bitcoinizing the Dollar,” Lightning Labs tries to convince us that stablecoins over Lightning are a good idea: “With Taro and the incredible developer community, we can build a world where users have USD-denominated balances and BTC-denominated balances (or other assets) in the same wallet, trivially sending value across the Lightning Network just as they do today. This leap forward will accelerate the path to bringing bitcoin to billions.” If that sounds too much like Galoy’s stablesats, it’s because both implementations are trying to solve the same problem. They use vastly different methods, though. And place the counterparty risk in different places. BTC price chart for 09/29/2022 on Fx | Source: BTC/USD on TradingView.com How Does Taro Work And What Else Does It Do? Don’t worry, these brand-new protocols are hard to master, or even understand. Luckily for us, Lightning Labs gave us a technical-but-easy-to-follow explanation as a refresher: “Taro assets are embedded within existing bitcoin outputs, or UTXOs. Think of these assets as “UTXOs within a UTXO.” A developer mints a new Taro asset by making an on-chain transaction that commits to special metadata in a Tapoot output. When minting a new asset, the Taro daemon will generate the relevant witness data, assign the asset to a private key held by the minter, and broadcast the newly created bitcoin UTXO to the bitcoin network. This new outpoint becomes the genesis point of the newly minted asset, acting as its unique identifier.” When Lightning Speed first tackled the Taro subject, we explained what a Taro asset can be: “What is a “Taro asset”? Whatever you want, your BTC can be “converted into different assets such as USD to EUR or USD to BTC.” Or, as Bitrefil’s Sergej Kotliar puts it, “Pay in currency of sender’s choice, receive in currency of recipient’s choice. This means that every wallet can now have native Strike-type “USD balance” functionality for example. With no need to trust the wallet, the only trust lies in the issuer of the token.” How To Get Started With The Novel Protocol As previously stated, this Alpha release is mainly for developers. If you’re one or know of one, here are the protocol’s coordinates: “To get started exploring Taro, download the daemon, check out the API documentation, and read the getting started guide. And for a more extensive explanation on how Taro works, take a deep dive into the Taro BIPs and our documentation.” Related Reading: Lightning Speed: Taproot And The Lightning Network, A Match Made In Heaven Have a blast, developers. And please report back to us with your findings. Featured Image by Jennyrang from Pixabay | Charts by TradingView
Tesla and Spacex CEO Elon Musk has criticized Twitter for using its engineering resources to provide a non-fungible token (NFT) profile picture service. “Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread,” Musk said. Elon Musk Criticizes How Twitter Uses Engineering Resources Tesla CEO […]
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