As ZK Tech Booms in Crypto, Developers Must Consider User Safety
The next major line of defense is proper code auditing. This can’t merely be internal auditing done by the developers themselves. Instead, third-party services need to be employed that publish complete and transparent reports on any and all issues found within the code. These audits also need to be performed regularly, especially when changes are made to the codebase, to ensure updates don’t inadvertently introduce errors. Having this level of comprehensive review and transparency is the foundation of keeping all users safe.
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news The amount of money allocated to short bets against bitcoin fell to a more than 6-month low during Tuesday’s trading session, data from the popular cryptocurrency trading platform Bitfinex reveals. At 13:00 UTC today, the total funding in BTC shorts, or positions that would profit from a decline in the price of the underlying…

Bitcoin Hits 17-Month High Above $12.9k
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Will Mayor Suarez’s Miami Be the First Major City to Buy Bitcoin?
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Ohio Treasurer Suspends Predecessor’s Bitcoin Tax Payment Service
news A website launched last year by the U.S. state of Ohio allowing businesses to pay a range of taxes with bitcoin has been taken offline. Ohio Treasurer Robert Sprague announced the decision to immediately suspend OhioCrypto.com on Wednesday at a meeting of the State Board of Deposit, according to an official announcement. The reason for pulling…

Google Bans Crypto Mining Apps from Play Store
Google has now joined Apple in banning cryptocurrency mining applications from its mobile app store.

British Tax Authority Seeks Data from Crypto Exchanges in Search of Tax Evaders
news HM Revenue & Customs, the British tax authority, is pressuring cryptocurrency exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes, industry sources said. Letters requesting lists of customers and transaction data have landed on the doorsteps of at least three exchanges doing business in the U.K. – Coinbase,…

BOE’s Bailey, Western Union CEO Part of Davos Panel on Digital Currencies
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Pass the Stablecoin Bill Now
On July 27, H.R. 4766, the Clarity for Payments Stablecoins Act of 2023, passed out of committee with a bipartisan vote and now heads to the floor of the House for consideration. This means the United States, after years of inaction, now faces a historic opportunity to expand the reach of the dollar and financial…