LBANK INFO CRYPTOCURRENCY

Dogecoin’s biggest supporter and CEO of X, Tesla, and SpaceX, Elon Musk, finds himself at the center of controversy again. The entrepreneur made some statements during the DealBook Summit The New York Times hosted. Elon Musk Supported By Crypto Community? In the interview, co-founder and former CEO of crypto exchange Kraken, Jesse Powell, shared his impression. Specifically, Powell spoke about Elon Musk’s approach to running the social media platform. Formerly a public company in the US, X (Twitter), was purchased by Musk in a billion-dollar deal presented as an attempt to “rescue freedom of speech.” During the DealBook Summit, the entrepreneur claimed the platform was “subjugated” to the US government. Furthermore, Elon Musk stated that this alleged control violated the US Constitution and its First Amendment. Musk said: The degree to which all Twitter was basically a sock puppet of the government was ridiculous. It seems to be that there is a severe violation of the first ame...

The Poloniex, HTX/Heco Bridge exploits and the KyberSwap flash loan attack were the three largest incidents in November, according to blockchain security firm CertiK. from Cointelegraph.com News https://ift.tt/8yswhUq via IFTTT

Seba’s new name, Amina, stems from “transamination,” meaning transference of one compound to another, symbolizing bringing different types of banking together. from Cointelegraph.com News https://ift.tt/Yj9Db3e via IFTTT

The requests are increasing in number and coming from more jurisdictions every year. from Cointelegraph.com News https://ift.tt/bLHpdwJ via IFTTT

Zipmex, a Thai crypto exchange currently facing financial distress, has proposed a restructuring plan that includes paying its creditors a fraction of their original claims. According to Bloomberg, the exchange is offering its creditors “about 3.35 cents” on the dollar of their initial claims. This offer forms a key part of the company’s restructuring strategy as it grapples with $97 million owed to its customers. Restructuring Proposal And Creditors’ Response This restructuring proposal, while offering some relief, falls significantly short of the total amount owed. Zipmex’s move to offer such a percentage of repayment reflects its current financial challenges. The company’s CEO, Marcus Lim, has refrained from confirming the exact details of this restructuring plan but has noted discrepancies in the figures reported by the media. According to Bloomberg, major creditors of Zipmex have expressed their discontent with the proposed repayment plan. They call for an independent review...

Sony and Microsoft are angling to get into crypto gaming. Will they be able to succeed where others in the industry have failed? from Cointelegraph.com News https://ift.tt/xb6znjO via IFTTT

The request for public comment are standard for ETFs under review and have an open period of 35 days. from Cointelegraph.com News https://ift.tt/OoYUZ93 via IFTTT

Employees in HR, legal, product management, design, manufacturing and operations departments will benefit from Q, said AWS CEO Adam Selipsky. from Cointelegraph.com News https://ift.tt/Bx3tzed via IFTTT

I want to learn how to calculate the Merkle root so I started from a simple example, a block with only 2 transactions ( block #99997 ). However, I ran into a problem. Mempool online block explorer says that the Merkle root of this block is: 5140e5972f672bf8e81bc189894c55a410723b095716eaeec845490aed785f0e . However, I am getting the different value. Two transactions are contained inside the block #99997 and their TXID are: b86f5ef1da8ddbdb29ec269b535810ee61289eeac7bf2b2523b494551f03897c 80c6f121c3e9fe0a59177e49874d8c703cbadee0700a782e4002e87d862373c6 I did the following steps: concatenation of transaction IDs (result: b86f5ef1da8ddbdb29ec269b535810ee61289eeac7bf2b2523b494551f03897c80c6f121c3e9fe0a59177e49874d8c703cbadee0700a782e4002e87d862373c6 ) SHA256 of the result from the step 1 (result: e08d8ecc5a02b113bea1e7e2786b8235ddb5ab6058910f30b4d966b30e484bda ) SHA256 of the result from the step 2 (result: 5ab58ee21a1ae7476d59e6b7ddb05a80e8b42a4bf5748e9c5db9eb860b2bd040 ) ...

The price high comes after rival exchange Binance pleaded guilty and traders seemingly priced in Coinbase’s custodian agreements for a slate of spot crypto ETFs. from Cointelegraph.com News https://ift.tt/NOedhyM via IFTTT

Binance.US attorney Matthew Laroche has asked a federal judge to consider putting an end to the SEC's investigation for potential fraud. from Cointelegraph.com News https://ift.tt/cZzP35L via IFTTT

Justin Sun said he expects functionality for other cryptocurrencies to gradually be reinstated with full services returning by next week. from Cointelegraph.com News https://ift.tt/tTkWgxN via IFTTT

In a recent report, California Governor Gavin Newsom emphasized the significance of preparing for the next generation of skills essential to thrive in the GenAI economy. from Cointelegraph.com News https://ift.tt/0Mybqdh via IFTTT

Cryptocurrency exchange Zipmex has announced it has suspended trading in Thailand due to ensuring it is compliant with local regulations. from Cointelegraph.com News https://ift.tt/90F5GxU via IFTTT

Formula for calculating an ECDSA signature (r, s) is: s = k -1 (z + qr) k - private key for a random point R z - hash of a message q - original private key r - x(R) I am interested in why do we need two secret values ( k and q ) in a formula for calculating ECDSA signature? In other words, why we need one additional secret value k (and its public key - point on a curve) in additional to already existing one secret value q (and its public key)? Couldn't it be realized with only one unknown value ( q )? I found some answer here . The reason nonce is used is because you need to create two unknowns so that people cannot reverse engineer the private key from the public key. It seems to me that this is so that we have one equation with two unknowns (which is unsolvable). If only the original private key q is present in the equation, i.e. if it is the only unknown (without the additional secret k ), we would have one equation with one unknown, which is solvable. Howeve...

The United Kingdom's financial regulator has endorsed a blueprint model designed to facilitate the tokenization of funds for asset management firms. from Cointelegraph.com News https://ift.tt/03NckmG via IFTTT

In a recent announcement , Tether (USDT) and its sister company Bitfinex have declared their decision to withdraw opposition to a New York Freedom of Information Law (FOIL) request filed by a group of journalists, including Zeke Faux from Bloomberg Businessweek.  The FOIL request relates to Tether and Bitfinex’s agreement with the New York Attorney General (NYAG) to pay a $18.5 million fine to settle a two-year lawsuit over the alleged mixing of $850 million of customer and company money. The company behind the largest stablecoin by trading volume stated that Tether had demonstrated its dedication to transparency through past actions, such as dropping opposition to a FOIL request made by Coindesk earlier this year.  However, the company stated that it is essential to clarify that “transparency does not imply an indiscriminate release of all documents,” as this approach would not align with standard business practices. Tether And Bitfinex Choose Transparency Over Oppositi...

Probably the lowest-IQ question ever, but what does empty vector represent in Bitcoin? Is it a single byte 0x00 (value 0) or is it literally nothing ("air") or maybe both depending on the situation? In BIP342, the following is written for OP_IF and OF_NOTIF : Consensus-enforced MINIMALIF The MINIMALIF rules, which are only a standardness rule in P2WSH, are consensus enforced in tapscript. This means that the input argument to the OP_IF and OP_NOTIF opcodes must be either exactly 0 (the empty vector) or exactly 1 (the one-byte vector with value 1). I assume that here empty vector represents literally byte 0x00 (value 0 ) on the stack, thus it is not an "air" (nothing). I have that assumption because if the empty vector here represents an "air" (nothing) then it would require totally empty stack to perform these opcodes. In the same BIP, for signature opcodes (OP_CHECKSIGADD, OP_CHECKSIGVERIFY and OP_CHECKSIG) and signature check it says that...

The former billionaire paid four “macks” for a haircut before his trial while staying at the Brooklyn Metropolitan Detention Center. from Cointelegraph.com News https://ift.tt/2JT6q1Q via IFTTT

According to a Bloomberg report , Singapore has proposed additional regulations to reinforce its stance against retail speculation in crypto assets. The new measures include prohibiting individual investors from borrowing to trade and disallowing digital payment token service providers from offering incentives for retail trading, as well as financing, margin, or leverage transactions.  The Monetary Authority of Singapore (MAS) announced these regulatory changes in a statement on Thursday, expanding their scope to cover all investors, regardless of residency. Singapore Expands Crypto Regulations Per the report, the MAS will gradually phase in the expanded measures starting from mid-2024 to protect retail investors from potential risks associated with cryptocurrency trading.  The central bank aims to mitigate the impact of “high-profile crypto blowups,” such as the recent collapse of hedge fund Three Arrows Capital (3AC), by distancing itself from speculative activities in...

Nearly a decade after its notorious collapse, Mt. Gox, once the titan of Bitcoin exchanges, is on the brink of initiating a repayment plan for its creditors. In a recent email , the exchange’s rehabilitation trustee, Nobuaki Kobayashi, conveyed the plan to begin cash repayments within the 2023 calendar year. This momentous step marks a pivotal phase in addressing the financial aftermath of one of the most significant collapses in the crypto world. The Dawn Of Repayment? According to the communication, due to the vast number of creditors and the diverse nature of their claims, the repayment process’s complexity indicates that although the initial round of compensation will begin this year, the complete repayment process is expected to extend into 2024. However, according to the trustee, the dates when individual creditors involved in the Mt. Gox rehabilitation process will receive their repayments are undecided. Therefore, it is not “feasible” for the rehabilitation trustee to inf...

Easy Crypto launched the aptly named New Zealand Dollar Stablecoin (NZDD) in partnership with an Australian blockchain development firm. from Cointelegraph.com News https://ift.tt/LPjHYCO via IFTTT

Binance founder Changpeng “CZ” Zhao posted a $175 million bond with a condition he returns to the U.S. two weeks before his sentencing. from Cointelegraph.com News https://ift.tt/1SR5zIo via IFTTT

U.S. government agencies have spent months, sometimes years, investigating Binance in the lead-up to unsealing an indictment against the exchange. from Cointelegraph.com News https://ift.tt/zpyTGdQ via IFTTT

The crypto advocacy group said OFAC must act within its statutory authority by sanctioning bad actors, not open-source software tools. from Cointelegraph.com News https://ift.tt/nm7zqWo via IFTTT

I'm kind of nubile in lightning bitcoin. I had issue with cashapp lightning btc transactions so I tried out a different wallet (Speed) .I was able to fund it with my cashapp btc but now I cant send any lightning btc to any wallet or send any payments. When trying to send back to cashapp I get unable to locate suitable source. With payments it just says failed. I can't get any help from Speed support today . If anybody knows what I need to do please help. Ty from Recent Questions - Bitcoin Stack Exchange https://ift.tt/GNoqAVU via IFTTT

Here’s everything that’s happened since OpenAI co-founder Sam Altman was suddenly fired from his role as CEO. from Cointelegraph.com News https://ift.tt/oQIGtna via IFTTT

Milei won over 55% of the votes with 99% of the votes counted in the run-off presidential election. from Cointelegraph.com News https://ift.tt/g7GkicQ via IFTTT

According to sources familiar with the matter, key investors at OpenAI disagreed with the board's decision to terminate CEO Sam Altman and are advocating for his reinstatement. from Cointelegraph.com News https://ift.tt/cP0AmLQ via IFTTT

I sent Bitcoin from one wallet on cash app to a wallet on black chair on November 8th for around $260 it's been 10 days now and it is still showing as unconfirmed. mind you when I sent it there was no question about what fee rate to select from or that would have been selected at the fastest, obviously. Can anyone please advise me what I can do aside from wait til the end of time. I needed These funds 9 days ago. I thought this was the future of monetary transacting it seems more like something that should be on its way out frankly. Greatly appreciate whatever help you can do from Recent Questions - Bitcoin Stack Exchange https://ift.tt/aXdkIAs via IFTTT

In a recent interview with Bloomberg, Mike Belshe, CEO of crypto exchange BitGo, stated that the market structure needs to improve before the U.S. SEC will grant approval for Bitcoin ETFs. from Cointelegraph.com News https://ift.tt/qutY2l3 via IFTTT

Among asset managers worldwide, anticipation has reached a fever pitch for the approval of spot Bitcoin ETF. While the potential for these ETFs to drive significant capital and investment into the crypto industry, including Bitcoin, is remarkable, there are concerns that analysts may have overlooked.  BitGo CEO Mike Belshe has expressed reservations about the likelihood of the US Securities and Exchange Commission (SEC) approving spot Bitcoin ETF applications due to Coinbase’s integration as both an exchange and custodian.  Belshe argues that the risks associated with Coinbase’s multifaceted role have not been fully understood, potentially leading to further rejections before positive news emerges. Bitcoin ETFs May Encounter Further Rejections? In a recent interview with Bloomberg, Belshe shared his insights on the state of Bitcoin ETF applications and their challenges. While expressing optimism and acknowledging positive conversations between applicants and the SEC, Be...

Just days after BlackRock filed for the iShares Ethereum Trust, asset management firm Fidelity has submitted an application for its own Ethereum exchange-traded fund (ETF). from Cointelegraph.com News https://ift.tt/5vxrmSE via IFTTT

BlackRock, the world’s largest asset manager, has officially lodged an Ethereum exchange-traded fund (ETF) application with the United States Securities and Exchange Commission (SEC). This notable step marks BlackRock’s deeper foray into the burgeoning digital asset market. The proposed ‘iShares Ethereum Trust’ is structured to closely track the price performance of Ethereum (ETH), the second leading cryptocurrency, minus the Trust’s operational expenses and liabilities. This development from BlackRock, a firm commanding over a trillion dollars in assets, has sent positive ripples through the crypto market. The announcement further underscores BlackRock’s commitment to expanding its portfolio offerings in the digital assets domain and reflects the growing institutional interest in cryptocurrencies. Details Of The Proposed Ethereum ETF The recent submission of a Form S-1 Registration Statement to the SEC details the operational framework of the iShares Ethereum Trust. For context,...

Gas fees on the Polygon network reached as high as $0.10 during a mad rush to mint an Ordinals-inspired token called POLS. from Cointelegraph.com News https://ift.tt/fGIxR9O via IFTTT

Are non-RBF transactions more likely to be confirmed sooner? It would seem miners would prefer them ( contra this answer ) because they don't have to worry about another miner utilizing a higher fee re-send of the TXN. from Recent Questions - Bitcoin Stack Exchange https://ift.tt/M6c5Wj4 via IFTTT

Chinese court knocks back civil lawsuit over “illegal” crypto, Hong Kong exchanges gain momentum, The Block gets $60M from Singapore firm. from Cointelegraph.com News https://ift.tt/jUirb8u via IFTTT

Bloomberg ETF analyst James Seyffart thinks Grayscale’s Ether futures ETF application is just a ploy to corner the SEC to approve its spot Ether ETF. from Cointelegraph.com News https://ift.tt/EHuOfW2 via IFTTT

As the cryptocurrency industry evolves, major players such as Binance, Coinbase, and Kraken reevaluate their startup support strategies . This shift comes as the market experiences a decline in crypto venture funding and increased regulatory scrutiny.  These crypto heavyweights are adjusting their investment focus, exploring international opportunities , and prioritizing startups with tangible products and revenue. Crypto Venture Funding Plummets According to a report by Bloomberg, Coinbase Global, known for being a significant investor in the cryptocurrency realm, has witnessed a decline in its investing activity in recent months.  This slowdown aligns with an industry-wide trend as corporate venture capital arms reduce their investments in crypto companies. In the third quarter of this year, overall crypto venture funding dropped by 63% to $2 billion compared to last year’s period. Coinbase Ventures, the venture arm of Coinbase, has adjusted its investment strategy to...

The profitability of Cardano (ADA) holders has risen to one of their highest levels in 2023. This metric which measures the price at which the coins were last moved compared to the current spot price of the asset has seen the most amount of ADA holders in profit. Cardano Holders In Profit Rises To 37.59% Following the altcoin rally that dominated the majority of the last week, the percentage of Cardano holders seeing a profit has reached its highest level this year. Data from IntoTheBlock shows that this metric put 37.59% of all holders in profit as of November 11, which is the highest that it has been so far this year. To put this rise in profitability in perspective, at its lowest level this year, only 3.91% of all ADA holders were seeing a profit as of October 19. This was the culmination of a year filled with losses for Cardano holders while the price suffered multiple dips. Although the vast majority of ADA investors are still in losses, the reversal in profitability leve...

Bloomberg ETF analyst Eric Balchunas doubts the SEC will deny ETFs after XRP’s price spiked on a faked BlackRock XRP trust filing, but it is a “bad look.” from Cointelegraph.com News https://ift.tt/lQjgq32 via IFTTT

BlackRock, the leading asset manager in traditional finance, has highlighted potential risks associated with stablecoins for investors considering its proposed iShares Bitcoin spot exchange-traded fund (ETF).  Despite BlackRock’s significant involvement in the crypto industry, such as pursuing a Bitcoin spot ETF and registering an Ethereum trust , it now emphasizes concerns regarding the impact of stablecoin price fluctuations on the ETF’s performance.  BlackRock Raises Alarm According to recent reports , the asset manager points out the potential instability of stablecoins like Tether USD (USDT) and Circle USD (USDC), designed to maintain a value equivalent to a specific asset or currency, typically the US dollar. BlackRock highlights that past events have shown that these digital assets can experience significant price movements, which in turn can affect the value of Bitcoin. The concerns stem from incidents involving Tether’s operators on February 17, 2021, and Octobe...

Ethereum and Cardano are two popular smart contract platforms. While the latter is peer-reviewed and led by research, Ethereum enjoys a first-mover advantage and has the largest total value locked (TVL) if decentralized finance (DeFi) is a leading metric. However, one user on X thinks Cardano is ahead of Ethereum on features. This position was highlighted following a paper released by Ethereum’s co-founder, Vitalik Buterin, on November 14. Is Ethereum Playing Catch Up With Cardano? Taking to X on the same day, @JaromirTesar, a Cardano supporter,  said  Buterin’s paper pointed out liquid staking and touched on the Unspent Transaction Output (UTXO) model complete with a solution that the user thinks is similar to Hydra. Hydra is a layer-2 scaling solution in Cardano that uses state channels, similar to the Lightning Network (LN) architecture. The goal of this solution, like in layer-2 scaling options in Ethereum like Arbitrum and OP Mainnet, is to increase throughput and lo...

The French developer of the Mutant Ape Planet NFT collection faces up to five years in prison after pleading guilty to wire fraud charges. from Cointelegraph.com News https://ift.tt/sgWzIox via IFTTT

A memecoin drawing its name from the Grok AI project plummeted after allegations its social media account was recycled from that of a former scam token. from Cointelegraph.com News https://ift.tt/48k5fn2 via IFTTT

A recent Bloomberg report revealed that a Singapore-based investor, Foresight Ventures, is acquiring a majority stake in crypto news publication The Block.  According to Bloomberg, this move comes after a series of leadership changes within the company and a desire to “distance itself” from a former CEO’s association with “clandestine loans” from Sam Bankman-Fried’s Alameda Research.  The deal, worth over $50 million, involves Foresight Ventures acquiring the stake from the former executive, Michael McCaffrey . Foresight Ventures Secures Majority Stake In The Block  The Block had undergone several leadership changes and was keen on severing ties with its former CEO, who had accepted undisclosed loans from Alameda Research .  The former executive McCaffrey is alleged to have secretly accepted three separate loans totaling $43 million from the trading firm owned by Bankman-Fried. The Block’s reporting on the deal was published after FTX’s collapse.  Notably...

South Korean crypto exchange Bithumb hasn’t confirmed the planned IPO but told local media it recently selected an underwriter. from Cointelegraph.com News https://ift.tt/BH7FSPi via IFTTT

The Chicago Mercantile Exchange surpasses Binance by one metric, OneCoin legal officer pleads guilty, Bitcoin’s cycle high could be $110K. from Cointelegraph.com News https://ift.tt/r7dJ05w via IFTTT

Over 81,000 wallet addresses now hold $1 million or more worth of Bitcoin. from Cointelegraph.com News https://ift.tt/4CuDgiE via IFTTT

The cryptocurrency exchanges offers a self-custody solution that integrates a multiparty computation technique to secure funds. from Cointelegraph.com News https://ift.tt/eRDAdIt via IFTTT

I am working on an educational project for bitcoin mining. I searched as much as I could but still haven't understood the following questions: What are the "exact" degrees of freedom in finding a valid block? (What exactly is the search space?) What guarantees that within those degrees of freedom (search space) a valid block "will" be found? More details about my questions: I know that a miner asks for a block template via "getblocktemplate" RPC command. Based on the "bits" field it can calculate the target hash relative to which the valid block's hash needs to be smaller than. I know over the course of mining, the network may create new block templates with updated info (for example additional transactions are added). So the miner can use the "longpool" feature to have the most updated version at all times. Moreover, the miner can "choose" which transactions to include in the next block. So they can exclude some...

Prominent crypto analyst Egrag has continued to maintain a bullish stance on the XRP price. This time, he is predicting the crypto token to reach unprecedented heights in terms of its market cap and its price. XRP Price When It Hits $1 Trillion Market Cap In a post shared on his X (formerly Twitter) platform, Egrag sounded really optimistic about XRP’s growth when he mentioned XRP hitting a market cap of $1 trillion. Although the analyst failed to give a particular price that XRP could attain, he seemed to suggest that the token could hit new all-time highs . He acknowledged the fact that the XRP price had witnessed some sort of “parabolic ascent” in the past when it apparently skyrocketed by 100,000%. However, he noted that what has happened in the past is nothing compared to what is about to happen. According to him, a 7% gain from the previous monumental rise “is not only feasible, but it’s practically a walk in the park.” As to how soon this could happen, Egrag stated tha...

The group, “Bitcoin Argentina,” previously rejected the idea that regulation was needed in the cryptocurrency industry. from Cointelegraph.com News https://ift.tt/lWYfS1e via IFTTT

The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought. from Cointelegraph.com News https://ift.tt/DzUrJEW via IFTTT