Entrepreneur Warns of Potential Government Seizure of Crypto Assets Amidst Financial Crisis
American entrepreneur and former top manager of cryptocurrency exchange Coinbase suggested that government agencies may try to take over cryptoinvestors' assets as the crisis unfolds. Balaji Srinivasan shared on Twitter his fear that as the global financial crisis deepens ...
Neel Kashkari Questions Effectiveness of Central Bank Digital Currencies
Federal Reserve Bank of Minneapolis President Neel Kashkari has spoken out strongly against central bank digital currencies, questioning whether they can improve the speed and efficiency of payments. Neel Kashkari noted that the topic of launching a digital dollar has recen ...
Bank of England’s Digital Pound to Preserve User Privacy but Not Offer Anonymity
The Director of Financial Technology Development at the Bank of England said that the digital pound is being created to preserve user privacy but will not be anonymous. Tom Mutton, speaking at the Financial Times conference on digital assets, assured that the central bank h ...
Lawsuit Filed Against Coinbase for Violating User Privacy Laws
The complainant demands that the exchange destroy data obtained to verify KYC Before, the company paid a hefty fine and spent $50 million to refine the system Yesterday, May 1, a Michael Massel filed suit in California District Court against Coinbase. In it, h ...
Trezor Collaborates with zkSNACKs to Bring Anonymity to Bitcoin Transactions
Trezor, the renowned hardware wallet manufacturer, has partnered with zkSNACKs to introduce the CoinJoin feature to its Trezor Model T, enabling users to make anonymous Bitcoin transactions. While software wallets already offer CoinJoin, it's a first for hardware wallets. This feature enables ...
El Salvador’s Crypto Wallet Chivo Freezing User Accounts and Facing Criticism
The El Salvadoran government-run crypto wallet, Chivo, has recently implemented freezing user accounts and demanding proof of the source of funds. Some users who received funds from Wasabi Wallet, which utilizes Coinjoin technology to obscure transaction monitoring on the network, have been activ ...
US Senators Urge Meta to Cancel Release of Metaverse App for Teens
According to The Wall Street Journal, Democratic Senators Ed Markey and Richard Blumenthal have called on Meta to cancel its plans to release a metaverse app for teenagers. This comes after reports that Meta is attempting to crack down on the spread of intimate images of teens on its platforms, F ...
Texas Senator Ted Cruz introduces bill to prevent US Federal Reserve from launching digital currency
Senator Ted Cruz of Texas has put forward a proposal to stop the US Federal Reserve (Fed) from releasing its own digital currency for the retail market. According to the Republican senator, the bill would prohibit the government from utilizing the digital dollar to oversee the populace's financia ...
Digital Currencies of Central Banks to Grow by 210,000% by 2030, Juniper Research Finds
According to recent findings from Juniper Research, digital currencies issued by central banks are expected to experience significant growth by 2030, with transactions increasing by a staggering 210,000% to a value of $213 billion. Analysts believe that this surge will be fueled by central banks' ...