Biden vetoed legislation targeting SEC crypto rules, citing concerns about regulators. The cryptocurrency industry has criticized Biden’s decision and called it a setback for innovation and financial freedom. The veto raises questions about Biden’s stance on cryptocurrency regulation and industry participation. U.S. President Joe Biden has taken a firm stance in the controversy surrounding cryptocurrency regulation by vetoing a bill to overturn Securities and Exchange Commission (SEC) regulations on cryptocurrency accounting standards. The regulation in question, known as SAB 121, sets specific guidelines for companies holding cryptocurrency assets, requiring them to record these assets as liabilities on their balance sheets.…
Author: Crypto Flexs
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Seasoned trader Peter Brandt recently released his Bitcoin (BTC) price prediction, claiming that the decentralized digital asset will surge 230% against gold.Brandt claimed that the ratio of gold to BTC will fluctuate over the next 12 to 18 months before finally reaching a new high of 100 ounces of gold per BTC. Source: Peter BrandtIt remains to be seen whether Brandt’s predictions will prove true, but comparing the price history of BTC and gold shows that his comments are not unfounded or unrealistic.Bitcoin has had an edge over gold since its inception, but finally overtook the precious metal in terms…
The FTX bankruptcy continues, with the trial of FTX founder Sam Bankman-Fried over and an appeal pending. In the latest update on FTX’s assets, led by CEO John Ray III, FTX sold its remaining shares in Anthropic, the AI startup behind chatbot Claude, according to the company’s latest bankruptcy filing. FTX sold the remaining 15 million shares for about $30 per share, generating more than $450 million in profit. This brings FTX from its original investment of $500 million in the company to approximately $1.3 billion and revenue of approximately $800 million. The price per share for this second sale…
One of the more popular proposals for implementing smart contracts differently from the way they are typically presented in Ethereum is through the concept of oracles. Essentially, instead of a long-running contract being run directly on the blockchain, all funds that are intended to go into the contract would instead go into an M-of-N multisig address controlled by a set of specialized entities called “oracles”, and the contract code would be simultaneously sent to all of these entities. Every time someone wants to send a message to the contract, they would send the message to the oracles. The oracles would…
In an important development for the WazirX community, Binance has announced support for the WazirX (WRX) contract swap. This strategic move includes the integration of the WRX token across the BNB Smart Chain (BEP20), Ethereum (ERC20) and BEP2 (BNB Beacon Chain) networks. Suspension of existing WRX tokens Binance detailed that all deposits and withdrawals of existing WRX tokens will be suspended from 16:00 (UTC) on June 4, 2024. Users are advised to ensure that their previous WRX token deposits and withdrawals are fully processed before this deadline to avoid any inconvenience. Transaction services are not…
Understanding the maze of fees and commissions in cryptocurrency trading can feel like an uphill battle, right? After my own wallet took a hit, I decided to fully explore everything about cryptocurrency exchange fees.My goal is simple: to make this complex topic a little easier for you and hopefully save us both some money on those annoying charges. Ready to reduce those pesky fees together?Key TakeawaysTrading fees vary from 0% to 1.5% on platforms like Binance and Coinbase, depending on if you’re making or taking orders.Withdrawal and deposit fees differ across exchanges and can impact how much money you keep.Using…
In addition to this case, President Trump is waging additional legal battles ahead of the presidential election in November. Donald Trump’s cryptocurrency wallet has amassed a hefty $14 million, according to blockchain analytics platform Arkham Intelligence. In the last 24 hours alone, over $1 million has been deposited into wallets across a variety of cryptocurrencies, including Ethereum (ETH), Polygon (MATIC), and the USDC stablecoin. Arkham Intelligence linked Trump’s wallet address to Trump using financial statement information submitted in August of last year. Donald Trump Receives Cryptocurrency Donations As of May 27, the wallet holds approximately $10 million in cryptocurrency. The…
BeInCrypto’s comprehensive Latam Crypto Roundup brings you the most important news and trends from across Latin America. We work with reporters from Brazil, Mexico, Argentina and beyond to cover the latest updates and insights on the cryptocurrency scene in those regions. This week’s coverage includes Argentina’s AI initiative, Worldcoin’s expansion in Colombia, new cryptocurrency features from Brazil’s largest neobank, and other stories. Argentina’s Javier Milei meets Open AI CEO Sam Altman President Javier Milei met with OpenAI CEO Sam Altman during his first visit to San Francisco to position Argentina as an artificial intelligence (AI) hub. The hour-long meeting was…
Typically, every signature commits the entire transaction using: SIGHASH_ALL Sigh flag. In this case, signatures cannot be transferred from one transaction to another. Because the new transaction has different inputs or outputs, the original transaction’s signature does not commit the correct set of inputs and outputs and is invalid for the new transaction. The exception is when you have a signature that applies only to one output and not to other inputs (SIGHASH_SINGLE|SIGHASH_ANYONECANPAY) or no output (SIGHASH_NONE|SIGHASH_ANYONECANPAY). In the first case, you can move one specific input and output pair to a new transaction, and in the second case, you…
Bitaxe Ultra represents a significant development in the Bitcoin space (BTC) provides mining technology by providing a free and open source ASIC miner that leverages the efficiency of Bitmain’s BM1366 chip. According to blog.bitfinex.com, the hardware is designed to operate independently with a built-in Wi-Fi connection, supporting both solo and pool mining. Are open source miners and home mining the future of Bitcoin mining? Bitaxe Ultra is part of a broader trend towards open source hardware in the Bitcoin mining industry. Utilizing the BM1366 ASIC chip from Bitmain’s Antminer S19XP, this miner combines high efficiency…