Ethereum News by Thebittimes.Com

Japanese tech giant Fujitsu has filed a trademark application with the U.S. Patent and Trademark Office that covers several cryptocurrency services. The application specifically mentions “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading.” Fujitsu’s Crypto Trademark Application Fujitsu, one of the world’s largest IT service providers, filed a trademark application with the United States Patent and Trademark Office (USPTO) last week for several cryptocurrency products and services. Fujitsu is Japan’s largest IT service provider. Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Tuesday: Is Fujitsu moving into banking, finance & crypto? The international tech co has filed a trademark application for exchanging money, securities trading, insurance brokerage, tax planning, [and] cryptocurrency trading. Fujitsu’s application (serial numbe...

The CEO of Real Vision, Raoul Pal, is changing his opinion on Bitcoin (BTC) after the price went up a lot and US banks failed. Pal says that the price of Bitcoin could go up by nearly 80% in less than a year in a new interview with Anthony Pompliano on YouTube. Pal says he thinks Bitcoin’s price could go as high as $50,000, in part because people who bet wrongly that the value of the king cryptocurrency would go down will be forced to sell their shorts. A short squeeze happens when traders who shorted an asset decide to stop losing money after the price of the asset went up for no reason. The squeeze subsequently fuels more rallies. Pal also disagrees with a recent prediction by Balaji Srinivasan, the former chief technology officer of Coinbase, that BTC will hit $1 million in just 90 days. “[Srinivasan’s] got 0.0 chance of being right. But what he is doing is spending a million bucks or two million bucks on marketing what is an important concept. And...

Economist Peter Schiff has warned that the current financial crisis will be worse than in 2008. “Future rate hikes are now pointless,” he stressed, adding that any effect will be more than offset by the Fed’s quantitative easing. Peter Schiff’s Financial Crisis Warning Economist and gold bug Peter Schiff shared his outlook for the U.S. economy in a series of tweets this week. He explained that when the government “imposed lots of new banking regulations after the 2008 financial crisis, we were assured that what is happening right now would never happen again.” However, he argued: One reason we had the 2008 financial crisis was too much government regulation. That’s why this crisis will be worse. “This time it’s different. When the 2008 financial crisis started, the dollar rose and gold fell. This time it’s the reverse … That’s because investors are realizing the high inflation that should’ve hit ten years ago wi...

A European lawmaker has urged authorities to impose a ban on cryptocurrencies citing the current crisis in the banking sector as a reason. Johan Van Overtveldt, former finance minister of Belgium, believes these assets bring no economic or social value. Belgium’s Ex-Finance Minister Suggests Ban on Decentralized Digital Currencies Member of the European Parliament, Johan Van Overtveldt, has insisted that governments should prohibit cryptocurrencies like bitcoin. His call comes amid a crisis sparked by the failure of several banking institutions, including two crypto-friendly banks in the U.S. “Another lesson to be learned from the current banking commotion. Enforce a strict ban on cryptocurrencies,” the lawmaker, who has previously praised blockchain technology, tweeted on Friday. “Speculative poison and no economic or social added value. If a government bans drugs, it should also ban cryptos,” he argued. Nog een les te trekken uit de huidige bankcommotie. Leg een strikt verbod op...

BitGo has patched a vulnerability that threatened to expose the private keys of retail and institutional users. Cryptocurrency wallet BitGo has patched a critical vulnerability that could have exposed the private keys of retail and institutional users. Cryptography research team Fireblocks identified the flaw and notified the BitGo team in December 2022. The vulnerability was related to BitGo Threshold Signature Scheme (TSS) wallets and had the potential to expose the private keys of exchanges, banks, businesses and users of the platform. The Fireblocks team named the vulnerability the BitGo Zero Proof Vulnerability, which would allow potential attackers to extract a private key in under a minute using a small amount of JavaScript code.  BitGo suspended the vulnerable service on Dec. 10 and released a patch in February 2023 that required client-side updates to the latest version by March 17. The Fireblocks team outlined how it identified the exploit using a free BitGo account on ma...

Join Our Telegram channel to stay up to date on breaking news coverage The price of the Cardano coin has been on a recovery rally, but it has hit a stumbling block at $0.35. Analysis shows buyers could not push through this barrier, resulting in a long-wick price rejection.  This indicates that traders are capitalizing on the price rallies to sell their holdings. If this selling pressure continues, it could result in ADA’s price returning to its previous correction phase.As the crypto market continues to exhibit bullish trends , the Cardano coin has experienced a resurgence from its psychological support level of $0.3.  Potential Upside Trend for ADA Despite Intraday Drop Despite experiencing a slight drop of 1.85% in the intraday session, the technical indicators of ADA are pointing towards a potential upside trend in the future. Created in 2017 by Charles Hoskinson, one of the co-founders of Ethereum, Cardano aims to provide a more secure, scalable, and su...

The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership “was based on the current status of the bank and its ability to do business in a safe and sound manner.” ‘Nothing to Do With Crypto’ After the New York State Department of Financial Services (NYDFS) took possession of Signature Bank on Sunday, there have been speculations regarding whether the regulatory action was linked to cryptocurrency. Former U.S. Representative Barney Frank, who was involved in the drafting of the Dodd-Frank Act and had been a member of Signature Bank’s board since 2015, believes that the regulator’s move was related to cryptocurrency. He told CNBC Monday: I think part of what happened was that regulators wanted to send a very str...