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Trezor Enables Coinjoin for Trezor T Model to Bolster a 'New Era of Privacy'
According to Trezor, the crypto hardware wallet manufacturer, owners of the Trezor T model can now use a Coinjoin feature to preserve their privacy. Trezor had announced the Coinjoin feature’s impending arrival on the hardware wallet seven months ago, and the feature went live on April 19.
Owners of the Trezor T model can now use a new Coinjoin service that was added to the device’s features on Wednesday. Trezor announced in September 2022 that the Coinjoin feature was coming after the company revealed its collaboration with the developers of the Wasabi wallet. Essentially, Coinjoin enables Bitcoin users to obfuscate their UTXOs by mixing their funds with a pool of other users. The technology has been available since 2013, and several other blockchains have utilized the scheme to mix UTXOs.
The use of Coinjoin with the Trezor T model is optional, and a Coinjoin account must be activated in the Trezor software suite. Trezor encourages users to leverage the privacy-enhancing network Tor while using the software. In addition to the network fee, users must also pay a coordinator fee for the Coinjoin service. Read More
Coinbase Sets Sights on UK Crypto Hub As Regulatory Uncertainty Looms at Home in the US
Amid swirling regulatory uncertainty in the United States, top American crypto exchange Coinbase is emphasizing its efforts to make inroads in the United Kingdom.
While visiting London this week for UK FinTech Week 2023, Coinbase CEO Brian Armstrong and met with MP Andrew Griffith, the UK’s economic secretary to the Treasury.
Says the Coinbase CEO of their meeting,
“A few points we shared:
1. Some UK banks are blocking fiat payments to crypto companies which is not ok. Good fraud controls make sense, a blanket ban does not (and is likely not lawful). Needs further education and collaboration.
2. The Financial Promotion regime goes too far if there is a 24-hour ‘cooling off’ period for crypto trades (harms real-world use cases, formation of capital markets, and consumers).” Read More
UK Project Investigates Landfill Sites To Power Crypto Mining
A UK government department (DEFRA) has launched a project to investigate whether the methane from landfill sites can be harnessed in order to power cryptocurrency miners.
The United Kingdom Department for Environment, Food, and Rural Affairs, (Defra), has launched a pioneering project to examine the feasibility of using landfill sites for cryptocurrency. Defra launched this initiative as part of a larger effort to find other uses for landfill sites that are perceived by many people as being environmental hazards.
The project has two main objectives. It aims to reduce cryptocurrency mining's carbon footprint, which many perceive as being notorious for its energy-intensive nature. The project also aims to turn the abandoned landfills into assets that generate revenue. Read More
Crypto firms alleged to have faked execs using AI and actors: Cali regulator
The regulator is cracking down on high-yield investment products saying the programs raise hype with the promise of high returns before going dark.
A number of firms claiming to offer artificial intelligence-assisted crypto trading services have been hit with allegations of being “fraudulent investment schemes” by a California financial regulator, with two accused of using actors and AI to impersonate CEOs.
On April 19, the California Department of Financial Protection and Innovation issued desist and refrain orders against five entities purporting to use AI to trade crypto assets — Harvest Keeper, Visque Capital, Coinbot and QuantFund, along with Maxpread Technologies and its CEO Jan Gregory Cerato.
According to the regulator two of the firms even faked their CEOs. The purported technology firm Maxpread is alleged to have used an AI-generated avatar called “Michael Vanes” to act as CEO and market its products, with the supposed avatar appearing in YouTube promotions. Read More
Markethive Leading The Way In Web 3 Social & Market Media
Web 3.0 is the next generation of the internet which people envision will be more decentralized and permissionless. One that's built on decentralized protocols, where users help with content creation and the governance of the web itself. They also have the ability to own a part of the network, so you can think of it as a Read-Write-Own Internet.
There are already several technologies that could serve as the backbone for a Web 3 world. Most point to blockchains like Elrond, Cardano, or Ethereum, for example, but other distributed technologies like IPFS can also be used to decentralize networks.
Thousands of dApps (decentralized applications) are already being built in the Web 3 environment. These often include native tokens to add value to the application to those who hold the tokens. These native crypto assets allow those who participate in the network to share in the value generated from it.
Web 3 promises a decentralized alternative where we are all users, owners, and developers. This quote from Fabric Ventures sums it up beautifully,
“Web 3.0 enables a future where distributed users and machines are able to interact with data, value, and other counterparties via a substrate of peer-to-peer networks without the need for third parties—the result: a composable human-centric & privacy-preserving computing fabric for the next wave of the web.” Read More
Coinbase Receives Bermuda License, Outlines Global Expansion Plans
The exchange is also in talks with Abu Dhabi Global Market regulators about opening a regulated exchange there.
Crypto exchange Coinbase today announced on its blog that it has obtained a license from the Bermuda Monetary Authority (BMA) and, per a report by Fortune that cites “a person close to the company,” will open a derivatives exchange there “as soon as next week.”
Just last month, the exchange had been in talks with several of its institutional clients (in this case, market makers and investment firms) about opening a new overseas crypto-trading platform as U.S. regulators continue to give crypto businesses mixed signals.
The exchange also mentioned on its blog that it is talking with the Financial Services Regulatory Authority (FRSA), a regulator of the Abu Dhabi Global Market (ADGM)—a crypto-friendly free economic zone in the territory of UAE—about the potential of opening a regulated exchange there. Read More
Ethereum is going to transform investing
Expect to see tokenized securities proliferate in the years ahead — along with heavy investments in Ethereum staking pools.
Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two systems will be inextricably entwined.
Ethereum’s core value propositions — self-custody, transparency and disintermediation — are enormously relevant to financial institutions, and they can be realized within existing regulatory frameworks. Ethereum has already taken the first steps toward institutional adoption, and with its unmatched network decentralization, it is all but destined to become the primary settlement layer for the world’s financial transactions. Read More
How to stake Polygon (MATIC)
Staking MATIC helps one to generate passive income. Find how to stake MATIC via MetaMask, Binance, Coinbase Wallet and Trust Wallet.
The Polygon network, formerly the Matic network, is an Ethereum-scaling protocol that reduces cost and embeds high security. In a short span, Polygon has gained a high level of traction.
A string of solutions on a single network sets Polygon apart from other Ethereum scaling projects. It empowers developers to zero in on a scaling solution that works best with their applications. Polygon Labs has been consistently working to develop scaling solutions based on plasma sidechains, a blockchain bridge, different types of zero-knowledge proofs and Optimistic Rollups.
Processing bundles of transactions on the Polygon proof-of-stake (PoS) blockchain drastically reduces the burden on the Ethereum main chain, making transactions faster. The throughput rate in the Ethereum base layer is roughly 14 transactions per second, while Polygon has the potential to handle exponentially higher transactions per second. Read More
Solana Now Measures Network Carbon Emissions Data in Real Time
The Solana Foundation claims that it is the first "major smart contract blockchain network" to broadcast its environmental impact as such.
Solana is now measuring data pertaining to its carbon emissions in real-time, the Solana Foundation announced today. It’s a claimed first-of-its-kind move for "a major smart contract blockchain network." Smart contracts hold the code that powers decentralized apps (dapps) and NFT projects.
Beginning today, Solana will regularly update a dedicated dashboard with statistics monitoring key environmental metrics for the network: its energy consumption, carbon footprint, and network power intensity, among other data. It pulls real-time data from software installed on Solana validator nodes, but the dashboard is only updated every two weeks.
The emissions tracker, developed in collaboration with carbon data platform Trycarbonara, gathers statistics from on-chain data, as well as data collected directly from a representative sample of Solana validators. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
