Bityx

💻 Staking BTC and BRC-20 using the new solution from OKX

2023-06-05T06:07:50.487Z

The exchange introduced the new BRC-30 token standard and functionality for staking BTC and BRC-20. The idea is that users will stake BTC and BRC-20, receiving new tokens - BRC-30 as a reward.

💬 “By implementing the BRC-30, we are looking to a future where holders of BRC-20 tokens and bitcoin can use an alternative way to generate income, not relying solely on buying an asset at a low price and reselling it at a high one. The staking mechanism brings new functionality to the BRC-20 token ecosystem, helping to strengthen the connection between token holders and the Bitcoin network.

⚔️ China Could Benefit From U.S. Restrictive Crypto Policy - Coinbase CEO

2023-05-31T17:42:37.456Z

The US may be losing its status as a financial leader and innovation center due to restrictive cryptocurrency policies, says Coinbase CEO Brian Armstrong. And "hostile countries" such as China may ultimately benefit from this.

The CEO of Coinbase added that Hong Kong is positioning itself as a global crypto hub as China seeks to challenge the US as the world’s financial leader in various ways.

💰 In defense of bitcoin maximalism - article by Vitalik Buterin

2023-05-29T08:17:11.579Z

Can Ethereum Creator Vitalik Buterin Be a Bitcoin Maximalist? Maybe! And in defense of maximalism, on April 1, 2022, he wrote a long article with quality arguments.

Earlier we prepared a translation of this article. We suggest taking a break from searching for the next gem of the crypto market and remembering the basics: why Bitcoin is the first, largest and most important cryptocurrency.

“It is better to make your protocol too simple and not support 10 low value gambling applications than to make it too complex and fail at a key use as the basis for sound money is the main principle that underpins everything.

And it’s better to offend millions by aggressively defending what you believe in than to try to make everyone happy and not stand up for any of your own principles.

Be brave. Stand up for your values. Be a maximalist,” Vitalik Buterin.

⛏ Another solo miner mined a block and received a reward of 6.49 BTC

2023-05-26T06:41:17.797Z

Its power is only 750 TH. With this hashrate, the probability of getting a block is 1 time in 9 years at the current mining difficulty.

❔ Solo mining compared to connecting hardware to a pool is pure lottery. The chance of getting a block is very small, and most of these miners never receive a reward, but the lucky one immediately breaks the jackpot.

⚠️ Old man DASH is frozen and has not processed blocks for 9 hours

2023-05-23T12:53:54.687Z

All due to an error during the activation of update v19.

A clear example of the fact that time-tested solutions sometimes fail.

🤡 Wow, it turns out Ledger has always been able to extract keys from a user's device

2023-05-20T06:29:15.540Z

The company is digging an even bigger hole for itself. Ledger claimed in defense of its new feature to extract the SEED phrase from the device that in fact the company has always been able to do this.

💬 “If you look from a technical point of view, you could always write the firmware to extract the key. You have always trusted Ledger in the sense that the company will not deploy such firmware. It is important to understand that when a user chooses a hardware wallet, he trusts the developer of this wallet, that is, he is confident in the creation and maintenance of a secure device,” the company’s press service noted.

This tweet has now been deleted.

Something in general began to disappear the desire to buy any hardware wallet.🤣

📄 SEC responded to Coinbase regarding the regulation of the crypto industry

2023-05-17T11:36:52.768Z

Key:

⏺ Establishing a regulatory framework for regulation may take years, but the SEC is in no hurry.
⏺ For the foreseeable future, the SEC will continue to use enforcement action instead of rulemaking.
⏺ These enforcement measures will “inform” about as yet unplanned rulemaking.
⏺ Gensler's public statements are not official guidance from the SEC to the public.

Coinbase's conclusion on this matter is that the industry is not clear about what the SEC considers its jurisdiction and what it does not. And she can change her mind along the way.

💲 Due to fears of a potential US default, Circle decided to shift the money into short-term securities maturing before early June

2023-05-15T08:30:21.238Z

The company has no government debt maturing later than May 31st.

💡 Democrats and Republicans in Congress cannot make a final decision on raising the national debt limit. There are fears that if they do not agree, then the Ministry of Finance will be forced to stop making payments on bonds in June, since there will simply be no money. The US has never defaulted in history.

💰 Tether made $1.48 billion profit in the first quarter

2023-05-12T08:00:58.079Z

How does she profit?

📌 The company takes dollars and issues USDT in return.
📌 Buys US bonds and other instruments with dollars and makes a profit.
📌 Since the dollar inflation is 4.9%, then the USDT has the same inflation.
📌 USDT holders do not receive any profit.
📌 Accordingly, Tether's profit is the loss of USDT holders due to inflation.

The surplus of USDT reserves is already $2.44 billion:

⏺ Tether's consolidated assets are valued at $81.8 billion.
⏺ Consolidated liabilities — $79.4 billion.

The firm holds $1.5 billion of bitcoin as reserves (2% of the total) and $3.3 billion of precious metals (4% of the total). About 85% is in cash, cash equivalents and other short-term deposits.

🆘 Since 2021, the Israeli authorities have confiscated about 190 crypto accounts on Binance

2023-05-09T10:42:26.323Z

Two of them were associated with the Islamic State, and dozens of others were owned by Palestinian firms associated with the Islamist group Hamas.

✅ This was reported by ) Reuters, and Binance confirmed the information, saying that everything was done as part of the fight against terrorism.