A systems architect cracked a seed phrase and won a 100,000 Satoshi bounty, or 0.001 Bitcoin (BTC), worth $29, in just under half an hour. Cointelegraph spoke to Andrew Fraser in Boston, who underscored how critical it is to keep a Bitcoin wallet seed phrase secure and offline. A seed phrase or recovery phrase is…
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Crypto exchange Kraken is taking the fight against the United States Internal Revenue Service (IRS) and its demand to present critical exchange user information to the court. The exchange deemed IRS’s demand for customer information as an “unjustified treasure hunt.” The crypto exchange has requested a federal court in San Francisco to intervene in the…
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Celsius creditors claim that some FTX users have engaged in suspicious trades that may have manipulated the price of the Celsius (CEL) token in 2022. The creditors are seeking the help of a bankruptcy judge to unmask the users in question. Represented by a committee, creditors of Celsius Network have requested permission from a bankruptcy…
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Changpeng “CZ” Zhao, CEO of major cryptocurrency exchange Binance, claims to hold a way less net worth than reported by some mainstream media. Binance CEO took to Twitter on April 27 to tell its followers that Bloomberg’s latest finance rich list has some inaccurate information regarding his wealth. According to Bloomberg’s rich list, CZ is…
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Bitcoin (BTC) returned to a familiar range on April 27 as panic over alleged Mt. Gox and United States government transactions faded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Rough” price action keeps Bitcoin traders cautious Data from Cointelegraph Markets Pro and TradingView showed BTC/USD traded near $29,000 on Bitstamp, up nearly $2,000 from the…
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The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on Thursday. The incoming guidelines will provide support to crypto trading platforms that will be able to offer…
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Cameron Winklevoss, the co-founder and CEO of New York-headquartered crypto exchange Gemini, has accused United States regulators of perpetrating double standards in handling the First Republic Bank crisis. According to Winkelvoss, if First Republic had been a “crypto bank,” it would have been “assassinated weeks ago.” It is important to note that First Republic initially…
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The United States must implement stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S.…
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Three Republican members of the United States House of Representatives Financial Services Committee have sent letters to the heads of U.S. banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The letters follow up on ones sent to the same addresses by the lawmakers earlier. The letters, dated April 25,…
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The price of Bitcoin (BTC) nosedived roughly 7% in just one hour, falling from $29,850 to $27,789, which media outlets reported was due to blockchain analytics firm Arkham Intelligence incorrectly sending out an alert that wallets linked to Mt. Gox and the U.S. government had begun shifting large sums of Bitcoin. Arkham initially tweeted to…
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