Cynthia Lummis backs Ian Cain over crypto lawyer John Deaton for Senate
Pro-crypto Senator Cynthia Lummis cited Republican Ian Cain’s understanding of blockchain technology and the digital economy in his campaign to unseat Democrat Elizabeth Warren.
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Programmer has two password guesses left before losing $266M in Bitcoin
A German-born programmer in San Francisco has now used up eight of 10 password attempts he has to unlock the hard drive containing the private keys to his Bitcoin wallet, which contains 7,002 Bitcoin (BTC). As of press time, those holdings would be worth $268 million — that is, if only they were accessible.As a…

BlackRock, Grayscale and Bitwise amend ETF filings before SEC decision
With the SEC expected to decide by May 23 whether to approve or disapprove a spot Ether exchange-traded fund, three asset managers amended their 19b-4 filings.

‘Cash, candy or Bitcoin’: Paying minors in 2021
"We want our kids to be able to think independently about money," said Eddie Yoon. 2660 Total views 13 Total shares A Bloomberg contributor will be paying his son Bitcoin in exchange for chores above and beyond his usual scope, but he is seemingly unable to decide on the best means of payment.In an opinion…

‘Token will defeat cryptocurrency’: Russia debuts palladium-backed stablecoin
Backed by a sanctioned Russian oligarch, Atomyze became Russia’s first legal digital asset manager, obtaining registration from the central bank in February 2022. 414 Total views 50 Total shares The Russian government-backed tokenization platform Atomyze has issued its first digital asset backed by palladium in collaboration with the local bank Rosbank.Rosbank officially announced on Monday…

Bitcoin Price Blitzes the $8.5K Resistance as Bulls Target $8.8K
As the weekly close approached, Bitcoin (BTC) price gained above $8,500 after spending the previous day trading in the $8,200 to $8,300 range. At the time of writing, bulls are attempting to push through the $8,500 to $8,650 resistance zone in order to inch toward a daily lower high at $8,800.Bitcoin daily price chart. Source:…

Digital art venue MakersPlace shuts down amid NFT market decline
New MakersPlace accounts were disabled immediately, but users can still purchase NFTs on the platform until it shuts down completely.

MIT Crypto Group Researcher Says PoW Attacks Not Always Obvious
James Lovejoy, a research assistant for Massachusetts Institute of Technology, or MIT, crypto and blockchain group the Digital Currency Initiative, explained blockchain attacks might not always be obvious. 1324 Total views 22 Total shares Speaking on a Unitize digital conference panel about proof-of-work, or PoW, attacks, James Lovejoy of MIT's Digital Currency Initiative, or DCI,…

UK Law Commission sees no need for DAO-specific legal entity
The UK Law Commission scoping paper suggested legal reforms for DAOs, a review of the Companies Act and international cooperation on AML and tax frameworks.