Offchain transaction validation could prevent 99% of crypto hacks, scams

A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users.

Cryptocurrency exchange Bitfinex has revealed the first of two major upgrades it says will completely change user payments and spending habits. In a tweet on Dec. 2, the platform’s CTO, Paolo Ardoino, confirmed that as of Tuesday, it would support Bitcoin (BTC) transactions on the Lightning Network (LN).The move is a first for a major cryptocurrency…

Recently, bad news has abounded, and the resulting fear is real. DeFi is looking dead, altcoins completed their lifecycle by returning back to $0 (I guess that’s a joke), and Bitcoin’s (BTC) price fell lower than even the smartest brains in the room expected. A unifying theme of the most recent bull market appears to have…

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.DeFi will be in focus during the inaugural Commodity Futures Trading Commission (CFTC) tech advisory meeting, where a panel will “explore issues in decentralized finance.”Polygon, a layer-2 scaling protocol for…

The market capitalization of Tether (USDT) surpassed $12 billion as of Aug. 14, according to cryptocurrency market analytics firm Coinmetrics. Meanwhile, some believe the rapidly-rising valuation of the dominant stablecoin positively benefits Bitcoin (BTC) in the long term. But some investors also fear that it makes the cryptocurrency market vulnerable.Tether has been the most widely-utilized…

Senator Rob Portman said lawmakers were "still pulling in information" on crypto to formulate the bill, implying he announced it to the public prematurely. 1374 Total views 13 Total shares A Republican lawmaker from Ohio is preparing legislation that would reportedly be aimed at preventing U.S. citizens from evading taxes on their crypto earnings.In an…

The Spanish Ministry of Finance (Hacienda) will oversee 15,000 taxpayers who have made transactions with cryptocurrencies in the last year, El País, the largest Spanish-language newspaper, reports Nov. 19.Under the auspices of Hacienda, Spain’s tax agency, the Agencia Estatal de Administración Tributaria (AEAT), underlined that it will monitor "the fiscal incidence of these new technologies,…

It’s been a good week for Bitcoin. The halving doesn’t seem to have done the top cryptocurrency any harm at all, with the dollar value up more than 8 percent over the previous week. Ethereum is up more than 10 percent which just shows that the opportunity for blockchain-based solutions are still red-hot. If you’re…

Crypto-friendly neobank Revolut has halted purchases of Cardano, Polygon and Solana for U.S. customers, while holding and selling remains available until mid-September. Cryptocurrency-friendly neobank Revolut is next to delist a batch of digital assets on its platform in the United States amid the ongoing regulatory developments in the country.Revolut is preparing to completely delist tokens…