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Safe social recovery eases private key management

Post author By Blockworks
Post date 3Y

Wallet infrastructure provider Safe has collaborated with digital asset bank Sygnum and cryptocurrency recovery group CoinCover, to introduce Safe{RecoveryHub} — a handful of social recovery options for crypto wallets.

Lost or forgotten private keys has left an estimated $1.92 billion worth of ether in the lurch. When a user first signs up for a crypto wallet, they generate a public key — a string of random letters and numbers — with which they can receive crypto, and a private key, used to send or otherwise prove ownership of the tokens by cryptographically signing transactions.

Key management systems in Web3 have very few recovery solutions, meaning that if a user loses their…

Tether Freezes Funds in 41 Wallets, Citing ‘Precautionary Measures’

Post author By BitcoinNewsCom
Post date 3Y

Tether, the issuer of the largest stablecoin by market capitalization, USDT, has frozen 41 digital asset wallets associated with United States sanctions. As per the official announcement, Tether freezes funds within these wallets because they were using Torado Cash, a digital asset mixing platform.

In a December 9 blog post, Tether stated that it seeks to “initiate a new voluntary wallet-freezing policy designed to combat activity connected with sanctioned persons on the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) List.” The firm added that it aims to provide a “secure and reliable environment” for its users around the globe.

The firm…

Binance SEC Deal | John Reed Stark

Post author By BitcoinNewsCom
Post date 3Y

In a landmark move within the digital asset industry, Binance, the world’s leading exchange, has entered into a series of unprecedented agreements with U.S. regulators. These agreements mark a pivotal shift from its previous regulatory stance, ushering in an era of heightened oversight and compliance. John Reed Stark, former SEC lawyer went into a deep analysis of the agreement, likening the Binance SEC deal to a “financial colonoscopy.”

Related reading: SEC to Pursue Binance Lawsuit Regardless of $4.3B Fine

Binance SEC Deal Unveiled

The Department of Justice (DOJ) recently unsealed agreements that outline extensive oversight of Binance’s operations. These…

Ledger Live App | User Data Collection

Post author By BitcoinNewsCom
Post date 3Y

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Argentine crypto influencers hope Javier Milei will shun FATF Travel Rule

Post author By cointelegraph
Post date 3Y

After libertarian Javier Milei was sworn into the presidential office in Argentina on Dec. 10, the local crypto community is hoping he’ll keep some of his most radical promises and take the country to the same level of crypto adoption as his counterpart Nayib Bukele did with El Salvador.

On the day of his inauguration, Latin American outlet Cryptonoticias published “three requests to Milei from the Bitcoin community.” The vice president of the NGO Bitcoin Argentina, Camilo Jorajuría, called for Milei to respect the privacy of his people and not introduce the “draconian measures” of the Financial Action Task Force (FATF).

Related: Milei vowed to close Argentina’s central bank…

LATEST: London’s Top Pension Fund M&G Plc Injects $20 Million into UK’s Crypto Derivatives

Post author By cryptocrunchnews
Post date 3Y

Traditional financial giants are increasingly venturing into the cryptocurrency world, signaling a new era of institutional confidence in digital assets. M&G Plc, a leading London-based pension fund, has invested $20 million in the UK crypto derivatives platform GFO-X. This investment, part of a larger $30 million Series B funding, signals a renewed confidence in digital assets, particularly after the FTX collapse last year. Additionally, South Korea’s National Pension Service has made its debut in the crypto market by investing in Coinbase, highlighting a growing trend of traditional finance exploring cryptocurrency opportunities.

Nvidia plans Vietnam expansion for AI development

Post author By cointelegraph
Post date 3Y

Nvidia, one of the market’s leading developers of artificial intelligence (AI) chips, announced its intentions to expand partnerships in Vietnam and set up a base in the country after a visit from the company’s CEO.

Jensen Huang, Nvidia CEO, said Vietnam is already a partner of the company, as it is home to millions of its clients and Nvidia has already invested $250 million in Vietnam.

“Vietnam and Nvidia will deepen our relations, with Viettel, FPT, Vingroup, VNG being the partners Nvidia looks to expand partnership with.”

He also said Nvidia will help support local AI training and infrastructure.

At the same event the Vietnamese investment minister Nguyen Chi Dzung highlighted…

Bitcoin’s Social Dominance Tanks Over 30% As Price Dips Below $42K, LunarCrush Data Reveals

Post author By Benzinga
Post date 3Y

Bitcoin BTC/USD momentarily dipped under the $42,000 mark on Sunday evening. The apex cryptocurrency plummeted from $43,357 to an intraday low of $41,800 within just 20 minutes.

What Happened: Data from LunarCrush reveal a decline in Bitcoin’s social metrics as well. In the last 24 hours, Bitcoin’s social dominance has decreased by 30%, with social engagement also taking a 35% hit, now standing at 7.29 billion interactions.

Social dominance measures a cryptocurrency’s “share of voice” by comparing its social media volume to that of the entire crypto market, according to LunarCrush. Social engagement reflects the total interactions with posts, encompassing actions such as retweets…

Check Out the Top Crypto Gainers of the Day

Post author By cryptocrunchstats
Post date 3Y

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Crypto exchange HTX see outflows top $258M following exploit

Post author By cointelegraph
Post date 3Y

Crypto investors have been moving their assets away from crypto exchange HTX (formerly known as Huobi) following a Nov. 22 exploit that saw the exchange pause its services and lose a total of $30 million.

Between Nov. 25 — the day that HTX resumed its services — and Dec. 10, the exchange witnessed some $258 million in net outflows, according to data from DefiLlama.

HTX witnessed $258 million in net outflows between Nov. 25 and Dec. 10. Source: DefiLlama

DefiLlama data shows HTX’s reserves comprise 32.3% Bitcoin (BTC) and 31.8% Tron (TRX). TRX is the native currency of the Tron network, a blockchain launched by Sun in 2017.

At the time of publication, HTX is the 16th largest crypto…