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Showing posts from May, 2023

Satoshi Nak-AI-moto: Bitcoin's creator has become an AI chatbot

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The bot is a ChatGPT model that’s so far only been trained on Satoshi Nakamoto’s public writings and a handful of Bitcoin-related source materials. from Cointelegraph.com News https://ift.tt/IXjVUwa via IFTTT

Compute Litecoin brainwallet

What is the way to compute WIF and public address for Litecoin brainwallet? Can I do that in Python or Javascript? What is the simplest way to do that? For Bitcoin it is SHA256 and Base58Check, but I don't know for Litecoin... from Recent Questions - Bitcoin Stack Exchange https://ift.tt/iXl2qOL via IFTTT

Investment bank TD Cowen shuts crypto unit a year after opening

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Days after Digital Currency Group's TradeBlock started winding down operations, investment bank TD Cowen has also announced its crypto unit's closure. from Cointelegraph.com News https://ift.tt/z4WvsYb via IFTTT

'The Bitcoin Standard' author becomes economic advisor to El Salvador

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Dr. Saifedean Ammous thinks El Salvador will be debt free if it accumulates Bitcoin for the next five years. from Cointelegraph.com News https://ift.tt/hAiKcGW via IFTTT

China to gain most from restrictive US crypto regulations: Coinbase CEO

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The Coinbase CEO has been hugely critical of the U.S. failure to provide the crypto industry with regulatory clarity and has long argued it will push firms offshore. from Cointelegraph.com News https://ift.tt/EkrKaYQ via IFTTT

AI demand briefly catapults Nvidia into $1 trillion club

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Nvidia share prices have more than tripled since October last year as demand for AI tech surges. from Cointelegraph.com News https://ift.tt/6hPVQof via IFTTT

Crypto exchange TrigonX latest to emerge from the FTX rubble

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TrigonX is back from the dead after it went into receivership in December, due in part to its $13 million exposure to bankrupt crypto exchange FTX. from Cointelegraph.com News https://ift.tt/K74UQxD via IFTTT

Optimism set to unlock $587M worth of OP tokens, will investors unload?

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More than 386 million OP tokens are scheduled to be unlocked on May 31, more than doubling the total circulating supply. from Cointelegraph.com News https://ift.tt/JEBmxpY via IFTTT

Crypto firms jockey for Hong Kong licenses ahead of June 1 retail opening

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Hong Kong’s retail trading regime is days away from going live and crypto exchanges are keen to make entry into the region. from Cointelegraph.com News https://ift.tt/BPp1Lik via IFTTT

Long Dormant $14.7 Million Ethereum ICO Wallet Surfaces After Eight-Year Slumber

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In an unexpected turn of events, a once-dormant wallet from the Ethereum initial coin offering (ICO) in 2015 has sprung to life, causing ripples in the crypto community. The wallet, which had remained untouched for eight long years, recently made a startling move by transferring its substantial holdings to another address. Following the mysteriousness that comes with this move, questions arise about the motives behind this unexpected awakening and the potential impact on the Ethereum market. The Awakening Of A Sleeping Giant On-chain analysts, Lookonchain , were the first to notice the activity within this dormant wallet. The wallet was first seen initiating a test transaction, moving 1 ETH worth $1,845, followed by a transfer of the remaining 7,999 ETH ($14.7 million). Delving into the wallet’s history, the wallet acquired its 8,000 ETH holdings during the Ethereum ICO at a bargain price of approximately $0.31 per token, amounting to a mere $2,500 investment at the time. The curr

Another dormant Ethereum wallet reawakens after 8 years, moving millions

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Its owner acquired the tokens during Ethereum’s ICO in 2015, when each ETH was worth only 31 cents each. from Cointelegraph.com News https://ift.tt/2kPf4F7 via IFTTT

7 presidential candidates have dropped clues about their crypto stance

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There are currently many from the Democratic and Republican parties bidding for the job of president. Here's what they’ve said about crypto. from Cointelegraph.com News https://ift.tt/B2EXjo3 via IFTTT

The Hong Kong Police Force launch new metaverse platform, ‘CyberDefender’

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The platform was launched to promote crime prevention in the metaverse as it was warned that “all crimes in the cyberspace could also happen in the metaverse." from Cointelegraph.com News https://ift.tt/qnZ96my via IFTTT

multisig vs singlesig

Due to the ledger debacle I have purchased a Coldcard hardware wallet. I made this decision partly based on watching the Antonopoulos live stream last week. Until now I have backed up my bitcoin on a single seed phrase stamped in metal. There are two copies which are securely stored at two different locations. I’m thinking of upping my security regarding the seed phrase. My question is, does a 12 word ‘two of two’ multisig offer more protection than a singlesig 24 word? I would be storing the ‘two of two’ seed phrases together. Of course if the ‘two of two’ are found it’s game over. But, as talked about in Antonopoulos’ live stream I want to keep things relatively simple. What I am trying to achieve is a heightened level of security regarding vulnerabilities from a singlesig; whether that is in the form of a hack or some future unknown weakness in Coldcard’s TRNG. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/hsNbClJ via IFTTT

Biden strikes 'tentative' U.S. debt ceiling deal: Report

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According to one of the sources familiar with the negiotation, there "might be one or two small things they need to finish." from Cointelegraph.com News https://ift.tt/Cj8yAqv via IFTTT

MakerDAO proposal seeks to hike DAI savings rate to 3.33%

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The DAI savings rate was previously increased to 1% in December 2022, and led to 35 million DAI being deposited in the span of a month, according to MakerDAO. from Cointelegraph.com News https://ift.tt/9KJbimC via IFTTT

JPMorgan Chase enters generative AI race with IndexGPT trademark

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JPMorgan's ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and various finance-focused software as a service (SAAS) services among others. from Cointelegraph.com News https://ift.tt/3MFn1bh via IFTTT

How to avoid a force closure of a channel in the future

On May 14th our channel with LNBIG-42 was force closed and has only returned to the wallet minus some fees a few days ago. https://mempool.space/tx/c75f38d1a86b0878d2b38198c17683cd4b6a10e2eea2d031ec085e25d1862149#vout=1 From what others are telling me it was most likely due to an expired HTLC which likely caused the automatic force closure as per the default settings in the relevant lightning implementation. HTLC relay failure leading to node downtime seems to be the cause, but it is hard to say what specifically about your node setup and channels may have been vulnerable to this situation. Also mentioned, it is possible the remote channel was misbehaving in some way. This is why until you can be certain that you are avoiding all related vulnerabilities you should not open channels with lots of unknown people especially not with questionable reputation. Can you please tell me if I can raise the default HTLC settings on my node to hopefully avoid this happening again? Maybe using R

Crypto hater Peter Schiff to drop Bitcoin Ordinals NFT art collection

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Despite hating on crypto for years, and calling NFTs worthless and easy to replicate two years ago , Peter Schiff is set to release an NFT art collection on Bitcoin. from Cointelegraph.com News https://ift.tt/qjdTSgw via IFTTT

‘Exhausted all options’ — Unbanked to close after being left hanging by investor

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Unbanked is yet another crypto firm to wind down this month, joining BottlePay, HotBit, Teressa, and most recently, TradeBlock. from Cointelegraph.com News https://ift.tt/HWRldvw via IFTTT

Crypto firm Gemini picks Ireland as European base amid US crypto blues

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Cameron Winklevoss has predicted a “Cambrian explosion” in European innovation once regulations are rolled out. from Cointelegraph.com News https://ift.tt/QCtUiVf via IFTTT

French lawmakers agree to loosen rules in proposed crypto influencer bill

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Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France. from Cointelegraph.com News https://ift.tt/GRkmWQN via IFTTT

Microsoft urges lawmakers, companies to ‘step up’ with AI guardrails

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Microsoft President Brad Smith is the latest tech industry heavyweight to call for better risk management and regulation for artificial intelligence. from Cointelegraph.com News https://ift.tt/AF0NI4Y via IFTTT

Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express

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News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors. from Cointelegraph.com News https://ift.tt/cl6eZxG via IFTTT

How to increase fee of existing transaction with bitcoin-cli

I have broadcast a trasnaction from my bitcoincli wallet using this command: ./bitcoin-cli sendtoaddress ADDRESSGOESHERE 0.1 The problem is, it has set the fee to a very low amount by default. After doing some more research, i found "bumpfee" but when i run this command: ./bitcoin-cli bumpfee TXID i get this error? error code: -4 error message: Transaction is not BIP 125 replaceable I also found another way was to run this: ./bitcoin-cli -conf=/mnt/blockchains/bitcoin/bitcoin.conf bumpfee TXIDGOESHERE But that returns: error: Could not locate RPC credentials. No authentication cookie could be found, and RPC password is not set. See -rpcpassword and -stdinrpcpass. Configuration file: (/mnt/blockchains/bitcoin/bitcoin.conf) Is there a way for me to increase the fee of a transaction of someone else? That way, I can use my Electrum wallet to increase the fee of this transacton, but it doesn't seem to give me that option inside Electrum either. I am using an old ver

Gaming is the 'largest scale opportunity' for crypto: Polygon co-founder

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Polygon co-founder Sandeep Nailwal said growing industries “invites a lot of speculation early on” but the genuine use cases will eventually rise to the surface. from Cointelegraph.com News https://ift.tt/rpHNz0h via IFTTT

BTC-e founder seeks prisoner swap deal for detained WSJ journalist: Report

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The detention of a U.S. journalist in Russia has sparked a renewed push from Alexander Vinnik, the co-founder of BTC-e for a possible "prisoner swap" deal. from Cointelegraph.com News https://ift.tt/ZvkS5cM via IFTTT

Binance helped US authorities freeze $4.4M linked to DPRK cybercrime orgs

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Following “lawfully served warrants,” Binance worked to flag the accounts and tie up the funds. from Cointelegraph.com News https://ift.tt/uBHZ8lQ via IFTTT

Core Scientific moves for September bankruptcy exit, expects $46M boost

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Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised. from Cointelegraph.com News https://ift.tt/Uf2zB3m via IFTTT

ETH can be a security and a commodity: Former CFTC commissioner

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Ether can simultaneously be a security and commodity under the regulatory scope of the SEC and CFTC, former CFTC commissioner Dan Berkovitz claimed. from Cointelegraph.com News https://ift.tt/YUVl2fM via IFTTT

Hi body.i needs help digitals money Bitcoin because for my girls is seek pls help

https://pay.atomicwallet.io/0_BTC_1DyMqibGAVBjieH1NXb2841HggLNP1qZWp Pls help to me for my seek little baby. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/eZYMV4C via IFTTT

Ledger key recovery service paused amid backlash, will open-source code

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In a May 23 Twitter Space, Ledger CEO Pascal Gauthier said the past week has been a “humbling experience.” from Cointelegraph.com News https://ift.tt/pDjw7Ix via IFTTT

Binance off the hook from $8M Tinder ‘pig butchering’ lawsuit

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The plaintiff, a Texan woman, initially blamed Binance for losing $8 million in a pig butchering scam that began on Tinder. from Cointelegraph.com News https://ift.tt/cJLAMxT via IFTTT

How to find bitcoin info

Is there a bitcoin or some type of crypto wallet connected with the email addresses guillotine88.mg@gmail.com, handsomematt88@gmail.com or the phone numbers 2109610091, 8302009672, 2105747552, 6129464581?? This is all my info and I thought I had a wallet one time long ago and I’ve been trying to figure it out ever since. Maybe you can help me so I can either use it or move on. Please let me know if you find any info. I should of had close to 64 million back in 2020. So it would be a lot more now. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/7qG3FWi via IFTTT

Crypto sees 5th week of outflows on 'poor' BTC sentiment: Coinshares

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Outflows across all digital asset investment products hit $232 million over the past five weeks, with BTC-related funds leading the carnage, per Coinshares. from Cointelegraph.com News https://ift.tt/t6CGqvM via IFTTT

AI-generated image of Pentagon explosion causes stock market stutter

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The fake image was shared by a verified Twitter account masquerading as Bloomberg and went viral after being amplified by real media outlets. from Cointelegraph.com News https://ift.tt/dwVxTRX via IFTTT

MetaMask Sets Record Straight: No Tax Collection On Crypto Transactions

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MetaMask, the popular crypto wallet developed by ConsenSys, has dispelled speculations surrounding its alleged tax collection from cryptocurrency users.  In an announcement made on May 22, the company on Twitter clarified that the rumors stemmed from a misinterpretation of the crypto wallet’s terms of service and were grounded in “inaccurate information.” This response came in reaction to several Twitter posts that drew attention to a specific section of MetaMask terms of use . MetaMask Tax Policy Explained A tweet went viral, drawing attention to section 4.2 of MetaMask’s terms of use, which was interpreted as a change allowing the company to collect taxes. This sparked concerns within the cryptocurrency community, as users speculated that it could pertain to their personal income taxes. BREAKING METAMASK NEW UPDATE IN TERMS AND POLICY WILL WITHHOLD YOUR TAXES. DECENTRALIZATION IS DYING pic.twitter.com/wqpwAd2BQh — Ash Crypto (@Ashcryptoreal) May 21, 2023 However, ConsenSy

Crypto hacks falling in Q1 is but a 'temporary reprieve' — Blockchain firm

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It was warned that the amount stolen in Q1 2023 mirrors Q2 2022, which was followed by a “record setting number of hacks.” from Cointelegraph.com News https://ift.tt/Xx1BfKU via IFTTT

Is MetaMask withholding customers' crypto for taxes? No, it’s not.

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The parent company behind the crypto wallet MetaMask has debunked "inaccurate" rumors that it is collecting tax on crypto transactions. from Cointelegraph.com News https://ift.tt/mDaNMpP via IFTTT

Bitcoin set to 'tick, tick, tick' by the end of 2023: DeFi exec

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In an exclusive interview with Cointelegraph, Obi Nwosu, CEO and co-founder of Fedi explains why it will “be clear” that Bitcoin’s ecosystem will come out on top by the end of this year. from Cointelegraph.com News https://ift.tt/ZlQgDqE via IFTTT

Force Closure of a channel with LNBig-42:

On May 14th our channel with LNBIG-42 was force closed. Not sure why but it could have been due to their node performing an update on the same day which caused a few other nodes to also have their channels force closed. Our channel force closure is still pending but I am hopeful that it will be resolved soon as it has only been about a week. Any ideas you can glean from the mempool transaction's below will help considerably as we are hoping our side does not get hit with a large sat fee for the force closure as I do not believe our node initiated the close? Thank you for any assistance you can offer us. Regards, Orange mempool transaction: https://mempool.space/tx/c75f38d1a86b0878d2b38198c17683cd4b6a10e2eea2d031ec085e25d1862149:1 mempool closing transaction: https://mempool.space/tx/93b1caa7fd098d9fb5c10bc3d800d0fa71a9332396a6d85262cf99b5fc021839 from Recent Questions - Bitcoin Stack Exchange https://ift.tt/Zja6DQI via IFTTT

Attacker hijacks Tornado Cash governance via malicious proposal

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The total control over Tornado Cash governance allows the attacker to withdraw all of the locked votes, drain all of the tokens in the governance contract and brick the router. from Cointelegraph.com News https://ift.tt/xQLNeD4 via IFTTT

Ledger co-founder clarifies "there is no backdoor" in Recover firmware update

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Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities only if a user chooses to opt-in to the new service. from Cointelegraph.com News https://ift.tt/uBms9oE via IFTTT

Strike moves global headquarters to El Salvador, expands to 65 countries

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According to Strike CEO Jack Mallers, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.” from Cointelegraph.com News https://ift.tt/ZH3wn4K via IFTTT

$3M worth of customer funds swiped via alleged Swaprum DEX rug pull

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Promptly after the funds went missing, Swaprum’s Twitter, Telegram and Github accounts were all deleted, however its website is still up. from Cointelegraph.com News https://ift.tt/Xb8Bhlf via IFTTT

Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts

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The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement. from Cointelegraph.com News https://ift.tt/9g5kxwq via IFTTT

FTX pursues $244M clawback from 'wildly inflated' Embed acquisition deal

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FTX lawyers want to claw back $243.7 million from Embed insiders and executives, claiming its former leadership paid a "wildly inflated" price for the company. from Cointelegraph.com News https://ift.tt/vaMLC6i via IFTTT

Westpac Enforces Urgent Prohibition On Payments To Binance Crypto Exchange

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In their recent announcement , Westpac, the oldest bank in Australia, has revealed its decision to implement a transaction block on all activities involving Binance, the popular cryptocurrency exchange. With a focus on investor protection, WestPac aims to shield its customers from potential scams and fraudulent schemes, as stated in its official Press Release. To corroborate the same, the Australian division of Binance also announced that specific customers would experience limitations on their ability to deposit or withdraw funds. This restriction arose due to a third-party service provider terminating services. Binance took to social media to announce that users would no longer be able to deposit Australian dollars via bank transfers due to the actions of payments provider Cuscal, effective immediately. Additionally, Binance indicated that withdrawals would be temporarily suspended without providing specific information on the timeline for resumption. Westpac previously had maint

Ripple, Visa join HK CBDC pilot, Huobi accusations, GameFi token up 300%: Asia Express

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Mastercard and Visa join Hong Kong’s CBDC pilot, new installment in Justin Sun’s Huobi soap opera, and a GameFi token pumps on no news. from Cointelegraph.com News https://ift.tt/sS3ty75 via IFTTT

CFTC Chair Warns DeFi Crypto Exchanges: “U.S. Customers Must Be Protected”

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As the crypto market continues to experience a downturn, debates over how to regulate digital assets are heating up. The United States is no exception, with significant disagreements among politicians and agency chiefs over the best industry regulation approach. At a recent Bloomberg Podcast called “Odd Lots”, Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam shared his view on crypto rules. Among the topics discussed were what constitutes a security or a commodity, market structure questions, new types of betting markets, and other matters currently facing the CFTC. One of the major issues facing regulators is determining whether cryptocurrencies should be classified as securities or commodities. This distinction could have significant implications for how digital assets are regulated and the level of oversight they receive. Behnam acknowledged that there is no easy answer to this question and that the CFTC is working closely with other agencies to develop a cohesive

Ripple case: SEC Hinman docs could become public by June 6, lawyer suggests

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The infamous Hinman Speech docs are required to be unsealed by June 6 according to a previous court order, suggests defense attorney James K. Filan. from Cointelegraph.com News https://ift.tt/Mzir406 via IFTTT

Korean lawmakers rally towards crypto rules in May after grisly murder case: Report

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Crypto policy making efforts have been reignited in South Korea after a woman was murdered following a dispute over digital assets. from Cointelegraph.com News https://ift.tt/GNCy8Dm via IFTTT

Binance Australia suspends AUD fiat services, citing issues with third party

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Australian dollar deposits and withdrawals have been impacted due to a decision made by its third-party provider, it said in an announcement. from Cointelegraph.com News https://ift.tt/dOc8bGK via IFTTT

Australia marks first FX transaction using a CBDC as eAUD pilot continues

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The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain. from Cointelegraph.com News https://ift.tt/CJtHOYF via IFTTT