Vitalik Buterin proposes “multi-signature” to solve the seed phrase problem in hardware wallets. Shamir is another alternative for storing seed phrases, but Buterin ignored it. Self-custodial wallets, especially hardware wallets, have grown in popularity as third-party risks have become apparent, as in the case of the FTX collapse. Crypto Twitter clearly reminds users of these risks through prominent wording. “Not your keys, not your cryptocurrency.” However, users may be the biggest risk with hardware wallets. They could easily forget their stash of seeds, or worse, have them stolen. Ethereum founder Buterin proposes “multi-sig” to address wallet risk. but Ethereum (ETH)…
Author: Crypto Flexs
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I’m currently looking into what values miners can adjust when hashing block headers. I’ve noticed that the version number is regularly changed to a random string of bits (which seems a bit strange if it’s for voting on suggestions). What I’ve gathered so far: The first bit cannot be 1 (to avoid negative version numbers) and the minimum decimal conversion version number must be at least equal to 4 (previous question). From further reading (link) you also see that the first bit of every byte cannot be equal to 1? Is this correct? From what I understand, you need to…
Imagine a busy online storefront, a hub for thousands of digital transactions where a global customer base converges. As cryptocurrencies grow in popularity, they’re quickly becoming a preferred payment choice for a specific clientele, highlighting a vital pivot in the e-commerce ecosystem. Cryptocurrencies are the future. Embracing this change isn’t just a good idea, it’s almost becoming mandatory, as ignoring the crypto wave could mean missing out on a significant segment of the market. Now let’s dive into the top reasons why your site needs crypto payments. Expanding Payment Options Adapting to the current landscape…
Bitcoin (BTC) It fell below $58,000 during the European morning on Wednesday. It fell to the lowest level since the end of February. BTC is down about 6% over the past 24 hours after falling below the $60,000 support level late Tuesday. The broader cryptocurrency market, as measured by the CoinDesk 20 Index (CD20), lost more than 5%. Cryptocurrencies have been suffering from risk aversion in broader financial markets amid stagflation in the U.S. due to slowing growth and signs of inflation amid dwindling expectations of interest rate cuts by the Federal Reserve. The Federal Open Market Committee is expected…
Posted 1 minute ago In ~ rope USDT -0.036% The proof for the first quarter of 2024 shows that the company recorded net income of $4.52 billion, its stake in Treasury securities was at an all-time high, and total net income exceeded $11.3 billion.On Tuesday, Tether Holdings Limited has issued an assurance opinion for the first quarter of 2024. The report included $1 billion in revenue generated from the group’s entities responsible for issuing stablecoins and managing reserves. According to Wednesday’s proof, most of these gains were derived primarily from holdings of U.S. Treasury bonds.The remainder comes from profits from…
Binance, a global cryptocurrency exchange, has introduced the May Mission campaign where users can earn Binance Points and unlock exclusive rewards. This campaign, which started on May 1 and runs until May 15, provides participants with the opportunity to complete missions and attempt activities, through which they can win various prizes. To participate in a campaign, users must complete the KYC process and click the “Do it” button next to the mission on the landing page. You can perform various tasks, such as referring a friend to sign up for a Binance account, trading a…
Ethereum co-founder Vitalik Buterin has publicly preferred multisig over Shamir backups, saying the latter is “a recipe for ruin” for regular users. Concerns over the security risks associated with cold wallets were sparked by X discussions among cryptocurrency enthusiasts, with Ethereum co-founder Vitalik Buterin raising concerns about potential pitfalls. Peter Watts, founder of NFT marketplace Reservoir, cautioned against the risks of using hardware wallets, citing the risk of losing seed phrases or hastily moving assets stored in bank safe deposit boxes, especially during unforeseen circumstances such as COVID-19. 19 Plague. Counterpoint: When you use a hardware wallet, your biggest risk…
Open interest (OI) for major cryptocurrencies, including XRP (XRP), Solana (SOL), and Dogecoin (DOGE), have plummeted a combined 51% in the past month. “Market participants are becoming apathetic, which is reflected in the decline in open interest,” cryptocurrency trader TheCryptoMann wrote in a post to X on April 30.OI measures the total value of cryptocurrency futures contracts outstanding or outstanding across exchanges. It is a key indicator used by traders and analysts to assess market sentiment and predict future price movements.According to CoinGlass data, Dogecoin experienced the largest decline in OI among the nine largest cryptocurrencies by market capitalization, down…
There are so many great heist movies. Some examples include Ocean’s Eleven, Snatch, Entrapment, The Thomas Crown Affair, The Town, Baby Driver, and Inside Man. The lifestyle may seem appealing, but it only takes one episode of Inside the World’s Toughest Prisons to snap you out of that daydream. My clumsy bastard will definitely be the one to get caught in the first 10 minutes. Why risk falling into clank when you can live out your Danny Ocean dreams with BetSoft’s Heist: Bank Rush – Hold & Win slot? Now it’s time to build a team The slot has powerful…
Blockchain oracle project Chainlink has partnered with Rapid Addition, a provider of Financial Information eXchange (FIX) connectivity solutions, to develop a FIX native adapter for institutional digital asset trading. Chainlink said in its announcement that the adapter will be powered by the Cross-Chain Interoperability Protocol (CCIP), an interoperability protocol with use cases across token transfers, gaming, and decentralized finance (DeFi).source: chain linkAccording to Chainlink, the collaboration will allow banks and financial institutions to send messages and participate in “a wide range of tokenized assets.” The organization believes this is an “untapped market opportunity” that can be applied across renewable energy…