Web3 adoption’s main issue: Seed phrases won’t work for 95% of mainstream users

Denis Beau, the deputy governor of France’s central bank, Banque De France, recently delivered comments regarding central banks’ approaches to cryptocurrencies.Establish appropriate cryptocurrency regulations On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in today’s global financial payment system.Beau stated that…

As Lightning Labs continues to expand the Lightning Network’s capabilities, another major exchange announces its plans to integrate. 996 Total views 9 Total shares Global cryptocurrency exchange OKEx is moving to cheaper and faster Bitcoin (BTC) transactions with its upcoming Lightning Network integration.According to a Feb. 2 announcement, OKEx’s Bitcoin Lightning Network will be integrated…

United States Congressman (R-N.C.) Ted Budd testified to the House of Representatives Ways and Means Committee on purported issues with current tax laws on cryptocurrencies, as per a video of the testimony released on June 4.Congressman Budd argued that cryptocurrencies should have a de minimis tax exemption like foreign currencies.Budd commented that he cosponsored bill…

After proceedings in an Irish court, the local Data Protection Commission said X agreed to suspend processing personal data of EU users to train its AI system.

Bitcoin’s mining power worldwide has been affected by manufacturing delays caused by the coronavirus outbreak in China, effectively reducing growth in the cryptocurrency’s computing power. Nevertheless, some Bitcoin miners based in the Asian nation have seen an increase in their market share while others struggle to keep up.Bitmain has held its position as the dominant…

The crypto industry advocacy group has placed its support behind Coin Center and its lawsuit against the U.S. Treasury over its Tornado Cash sanctions. 446 Total views 2 Total shares The Blockchain Association and the DeFi Education Fund have become the latest industry advocates to file their support of Coin Center’s lawsuit against the United…

Following a warning from the national watchdog earlier this month, regional authorities across the United Kingdom say Bitcoin scammers are using the coronavirus crisis to hoax citizens. In a series of consumer fraud alerts published throughout March, Manchester city council and the counties of Pembrokeshire and Norfolk echoed the Financial Conduct Authority (FCA)’s caution against “sophisticated”…