Leaked photos show Block’s new hardware wallet, crypto companies are flocking to Singapore, and who’s posting from Satoshi Nakamoto’s X account? This week we bring you these stories and more in cryptocurrency. Block’s BitKey Wallet Revealed A new image of BitKey has emerged, sparking anticipation for the product’s upcoming beta release. Bitkey is a Bitcoin hardware wallet being developed by Jack Dorsey’s Block and features a unique hexagonal design with an integrated fingerprint sensor for added security. Block refrained from commenting on shipping status, but announced in June that beta testers could apply to receive one of the devices for…
Author: Crypto Flexs
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Our weekly news roundup from East Asia selects the most important developments in the industry. Another cryptocurrency scandal in Hong Kong Scammers posing as investment experts reportedly lured 145 victims into tipping $18.9 million to unlicensed Hong Kong cryptocurrency exchange Hounax. According to reports earlier this week, police said investors were promised returns of up to 40% per annum with “no risk” in advertisements. Users were unable to withdraw funds after depositing them. On November 1, Hong Kong’s Securities and Futures Exchange (SFC) said it had listed Hounax on a billboard for a suspicious cryptocurrency exchange, but that Hounax was…
The fintech space is undergoing a significant shift towards decentralization, and the blockchain market in fintech is expected to grow 87.7% by 2030. These statistics demonstrate fintech’s growing confidence in blockchain technology. It also highlights how revolutionary this technology is. In this article, we’ll look at why blockchain is quickly becoming an indispensable tool for fintech and how it could shape the future of the industry.Prevent duplication of transactionsduplicate transactions This is a constant challenge in the financial industry. Occurs when one transaction is processed more than once. Duplication of transactions often occurs due to human error or CRM system…
Latest blockchain technology upgrades, funding announcements and transactions. From November 30th to December. 6, Real-time updates are provided throughout.
Republican lawmakers are digesting Treasury Department recommendations that would give them more tools to tighten their grip on the cryptocurrency industry.Rep. Tom Emmer, a member of the House Financial Services Committee, accused the agency of having a messiah complex when asked about the plan at the Blockchain Association Policy Summit on Thursday.”I’ve always had this attitude: Beware of the self-proclaimed savior who comes on a white horse and says I’m here to protect you,” Emma said. The Treasury Department sent lawmakers this week recommendations on new sanctions and strengthening its authority on dollar-backed stablecoins. Deputy Minister Worley Adeyemo said “dollar-backed…
Ethereum price adjusted below $2,050. ETH is currently consolidating above the $2,020 support and could start a fresh increase in the near future. Ethereum is still struggling to break above the $2,075 and $2,080 resistance levels. The price is trading below $2,050 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a break has occurred below a key bullish trendline with support at $2,040. A break above the 100-hour simple moving average and then $2,075 would provide bullish momentum. Ethereum price adjustment profit Ethereum price struggled to break the $2,075 resistance zone. The…
The U.S. Securities and Exchange Commission (SEC) has issued a request for comment on Fidelity’s application for a spot Ethereum exchange-traded fund (ETF). “The Commission is publishing this notice to solicit comments from interested parties regarding the proposed rule change,” the statement declared. SEC Wants Public Comments on Fidelity’s Application In a recent court filing, the SEC urged individuals interested in expressing their opinions on the Fidelity spot Ethereum ETF application to do so through various channels. “Interested persons are invited to submit written data, views and arguments related to the foregoing, including whether the proposed rule changes are consistent…
partThere are more ways than ever to do your holiday shopping with cryptocurrency, and more places to do it. Although more merchants are accepting direct cryptocurrency payments every day, cryptocurrency can also be accepted at stores and brands that don’t offer BitPay’s extensive shopping options, such as gift cards and Bill Pay. Make the holidays a little easier this year by shopping with cryptocurrency.The holiday season is well underway. That means celebrating with family and friends, eating way too much food, and, of course, shopping for holiday gifts. Finding the perfect gift for your loved ones during the holidays can…
Circle publicly refuted claims of improper banking relationships and financing of illegal activities in a detailed response to concerns raised by Senators Elizabeth Warren and Sherrod Brown. The Nov. 30 letter, written by Dante Disparte, Circle’s chief strategy officer, is in response to allegations from the Campaign for Accountability, which accused Circle of facilitating illicit financial activity, including Justin Sun’s banking operations and financing of Hamas. The Campaign for Accountability, led by Michelle Kuppersmith, based its claims on studies and reports suggesting links between Circle and Sun. But Circle’s answer is clear. They have no current accounts for Sun or…
The cryptocurrency whale, which has amassed massive amounts of Chainlink (LINK) over the past two months, is now making another big move, on-chain data shows. According to blockchain tracking service Lookonchain, the deep-pocketed investor held a massive holding of 11 million LINK using 81 different wallets. Now the whale is just moving 1.92 million LINKs on leading cryptocurrency exchange Binance. “Whale, which accumulated approximately 11 million LINK ($80.32 million) across 81 wallets in September and October, began depositing LINK to Binance on November 22. The whale deposited 1.92 million LINK ($27.8 million) on Binance and will earn approximately $14 million…