CryptoAddicted

Safemoon Wallet will have 15.000 bit encryption... What does it mean? Most encryption that is considered "secure" by Government standards runs on significantly less. There are multiple ways to hack things. One of those ways is called "Brute-Forcing". Simply put, it's literally just "try all the combinations". Like if you had a combo lock and just tried every number combination. With the right program(s) and a powerful enough computer, you can go through billions or even trillions of combinations to find a password combination until you get the right one. A 15K-bit encryption is basically insane. You could have the fastest supercomputer in the world try to brute-force that, and it would basically take longer than the heat death of the universe. (That might not be true in the near future with Quantum Computing, but that's a whole other can of worms that would need it's own explanation.) Basically, Papa is literally madman 🔥

Satoshi Nakamoto goes public and denies he’s Bitcoin founder Thoughts?

State Street Bank has opened a cryptocurrency division. State Street, the second oldest existing bank in the United States, has launched a division to work with cryptoassets. The bank plans to launch cryptocurrency trading this year. According to the bank's press release, the new State Street Digital division will be headed by Executive Vice President Nadine Chakar, who will report to the bank's COO Lou Mayuri.

Thailand has banned the trading of NFT and certain types of tokens. The Securities Commission of Thailand (SEC) has approved new rules for cryptocurrency exchanges. They prohibit trading NFTs, fan tokens and meme tokens, as well as exchange tokens. The rules emphasize that cryptoassets issued by exchanges must comply with separate white papers, as well as other existing digital asset requirements.

🤓 Elon Musk did not find a place in the community of "green" bitcoin miners The Bitcoin Mining Council (BMC), which unites bitcoin miners, has begun work. This was announced by the head of the company listed on the Nasdaq MicroStrategy Michael Sailor. Sailor said the organization is open to anyone in the industry who wants to share energy and hash rates for research and educational purposes. BMC membership is free. During the first year of operation, all expenses related to the organization's activities will be covered by its founders, including Argo Blockchain, Marathon Digital Holdings, Galaxy Digital, MicroStrategy and others. North American miners decided to create BMC after meeting with Elon Musk to discuss the industry's impact on the environment. According to the project's website, the Tesla founder has no role in the organization. His participation was limited to attending the May teleconference.

🔥 India wants to recognize bitcoin as an asset class The Indian government has revised its hostility towards cryptocurrencies and is likely to classify Bitcoin as an asset class in the near future. This is reported by New Indian Express, citing its own sources. After that, the Securities and Exchange Commission of India (SEBI) will control the regulation of the digital currency, the sources said. According to them, the bill on cryptocurrencies will be submitted to parliament during the rainy season session (from June to September). Representatives of the country's cryptoindustry are negotiating with the Ministry of Finance on the development of new rules, a group of experts from the department is studying the issue, the sources said.

🧐 Coinbase will give Americans the ability to invest money from retirement accounts in Bitcoin The institutional arm of the cryptocurrency exchange Coinbase has partnered with ForUsAll, a company specializing in serving American retirement accounts. Thanks to this, ForUsAll clients will be able to invest up to 5% of assets from such accounts in bitcoin, ether, litecoin and other cryptocurrencies, according to The Wall Street Journal. ForUsAll serves about 400 employers and does not specify how many of them are interested in the new option. The company manages $1.7 billion in assets, a fraction of the $22 trillion US pension market. Nevertheless, experts note an increase in interest in transferring pension money into alternative assets.

🔥 Zilliqa and Zilliqa Capital become members of the US Chamber of Digital Commerce Zilliqa Research and its subsidiary Zilliqa Capital have announced that they have both become members of the US Chamber of Digital Commerce, the world's leading trade association representing the digital asset and blockchain industry. Through their membership, Zilliqa and Zilliqa Capital will be able to further expand their presence in the US market, gaining important access to new markets and investment opportunities. It will also allow Zilliqa to take the lead in critical development discussions. Launched earlier this year, Zilliqa Capital is committed to investing in the Zilliqa ecosystem and non-Zilliqa companies. The firm is focused on investing in decentralized and fintech solutions, including payments, remittances, lending, insurance, as well as NFTs, games, and other critical infrastructures. Zilliqa Capital is committed to expanding access to financial services through global investment in technological innovation. The US Chamber of Digital Commerce strives to create an environment that fosters innovation, job creation and investment through education, advocacy, and collaboration with policymakers, regulators and the industry at large. 🤔 Do you hold Zilliqa?

🔥 Iran's President is ready to legalize cryptocurrencies after the development of regulation. Iranian President Hassan Rouhani intends to legalize crypto assets and has called for the development of regulations to regulate them. However, mining is still banned. “To legalize cryptocurrency activities while protecting users, we must develop appropriate laws and regulations and then enact them as soon as possible,” Rouhani said. Crypto taking over the world!!

🔥Mexico, too, wants to jump on the crypto train as El Salvador legalizes Bitcoin Federal government of Mexico representative, Eduardo Murat Hinojosa announced on Twitter he is taking action to push forward Bitcoin and crypto adoption in the country. “I will be promoting and proposing a legal framework for crypto coins in Mexico’s lower house,” said Hinojosa, explicitly mentioning Bitcoin in a tweet. The move comes following El Salvador’s footsteps in recognizing “legal tender” status of Bitcoin (BTC). Similar intentions came from Paraguay earlier this week, and now Mexico is hurrying to jump on board and legalize crypto. Is here anybody from Mexico? If so, then what do you think about this news?

Bitcoin doesn’t even care 🤑🤣

El Salvador President Plans to Mine BTC Using Volcanoes Following the ruling, President Bukele has wasted no time in reaching out to the state-owned geothermal electric company LaGeo. In a tweet, the president stated that El Salvador plans on utilizing the company “to offer facilities for Bitcoin mining with very cheap, 100% clean, 100% renewable, zero emissions energy from our volcanoes.” He concluded by saying “this is going to evolve fast!”

True thing