Author: CryptoHoppers
Phoenix Wallet, a Bitcoin (BTC) wallet designed for Lightning payments, has announced that it will stop serving U.S. residents on May 3. ACINQ, the company behind Phoenix Wallet, plans to remove the app from U.S. app stores, meaning users in the U.S. will no longer be able to access it from the said date. On May 3rd, 2024, @PhoenixWallet will be removed from US app stores.Users from the US should empty their wallet:– Settings > Close channels (Android)– Settings > Drain wallet (iOS)We highly recommend *not force-closing* channels, as on-chain fees could be significant.— Phoenix Wallet (@PhoenixWallet) April 26, 2024…
Blockchain transactions are safe but hard to understand because users have to keep track of encryption keys and go through a steep learning curve. These problems can be fixed by simplifying the user interface, making it easier to connect with blockchain networks, and prioritizing the user experience. Understanding Account AbstractionAccount Abstraction (AA) makes it easier for people to use blockchain networks by eliminating the need to handle cryptography keys and understand complicated processes. This makes using blockchain more like regular digital apps, making it easier for people to use and speed up transactions. At first, blockchain technology was designed for people who…
Have you ever wondered if things like unemployment can affect the crypto market, just like they do with other investments? It turns out they can! As a crypto trader, it is crucial to pay attention to big economic developments. Not all developments affect crypto the same way, though. Some things matter more than others. This article will guide you through the important economic areas to watch. Let’s get started!1. Economic Developments & Crypto Markets: An Intro Economic developments, especially those from the US Federal Reserve and Inflation, hold sway over the crypto market. For instance, if the Fed decides to increase…
Unraveling the Mystique of Runes: The Next Big Leap in Bitcoin’s Blockchain Introduction to Runes: A New Era for Bitcoin As Bitcoin recently went through another significant milestone with its halving—an event that halves the block reward given to miners and occurs approximately every four years—there’s an additional buzz in the air. This year, alongside the halving, we witnessed the launch of Runes, a groundbreaking protocol aimed at revolutionizing how tokens are created and traded directly on Bitcoin’s blockchain. Runes was first proposed in September 2023 by Casey Rodarmor, the innovative mind behind Ordinals, which brought the concept of NFTs…
In a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […] Source link
The Bank of Russia and Rosfinmonitoring revealed the existence of a ‘know your crypto customer’ system pilot, that aims to link the fiat operations of crypto users with their blockchain actions. The pilot, which has been ongoing since 2023, involves five banks in Russia and is expected to run until April, but can be extended. […] Source link
On May 27th, Solana is all set to roll out the mainnet beta with a critical patch to fix the bugs plaguing its network. The upcoming beta version, namely v1.18, targets congestion issues the network is facing, having just reached an impasse. Solana tests new fixes for network congestion This is because the bandwidth for high-volume meme coins-related bot transactions has caused Solana’s congestion to skyrocket. These exchanges cause network speed decline, which in turn leads to more transaction failures in the crypto space. In response, the dev team from Solana, in alliance with Anza, introduced devnet version 1.18.11 on…
The Solana-based cat meme coin PAJAMAS gained over 500% in one week after YouTube co-founder Steve Chen joined the project. The post Solana cat coin PAJAMAS soars over 500% in one week appeared first on Crypto Briefing. Source link
The “Junk Drawer” collection on Foundation, expertly curated by SuperchiefGalleryNFT, is a dazzling foray into the world of collage art within the NFT realm. Presenting a curated array of 59 works by various artists, including notable names like Michelle Thompson, miirror, Oak, and Nicola Villa, this collection is a vivid celebration of contemporary art. Curated Chaos by SuperchiefGalleryNFT SuperchiefGalleryNFT, the world’s first IRL NFT Gallery with locations in NYC, LA, and Tokyo, is at the forefront of this intriguing exhibition. Their commitment to showcasing cutting-edge digital art makes “Junk Drawer” not just a collection but a pivotal moment in digital…
PRESS RELEASE. Excitement is brewing in the heart of Asia as Hong Kong regulators pave the way for a new era of innovation with the recent approval of spot Bitcoin exchange-traded funds (ETFs). This groundbreaking development underscores Hong Kong’s commitment to becoming a regulated hub for Bitcoin. At the same time, the Bitcoin Conference is […] Source link