CryptoBizzle

If hardware wallet manufacturers were able to reset PINs, passwords or seed phrases, it would fundamentally change how a hardware wallet functions. A Kentucky bill now includes language critics say would require exactly that as part of a broader crypto ATM proposal. How would they expect to even enforce that? Read more👇

@bitcoinpolicy So this would essentially cancel out language in SB 701 that was signed last year in Kentucky? "Allow its owner to retain independent control of the secured digital assets and private keys." theblock.co/post/347906/us…

🚨BPI has just learned of an amendment buried in Kentucky HB 380 that would require hardware wallet providers to reset users' seed phrases on request. This would effectively outlaw self-custody in Kentucky. BPI is sending a letter to the Kentucky Senate informing them of the harmfulness of this language. Section 33 was added as a last-minute floor amendment to a 77-page virtual currency kiosk regulation bill. The underlying bill has political support and is expected to move through the Senate for final passage, possibly within the next week. The mandate is technologically impossible for non-custodial wallets. Hardware wallets are specifically designed so that no one — including the manufacturer — can access or recover a user's seed phrase. Requiring a backdoor for seed phrase recovery breaks Bitcoin's fundamental security guarantees and pushes users toward centralized custodians that are vulnerable to hacks and failures. Kentucky legislators should be protecting their constituents' right to secure their own property. We urge the Senate to strip this provision before the bill reaches a vote. Relevant text below

@oaktoebark @BenHorney espn.com/mens-college-b… "Despite millions of entries, there has never been a perfect verified March Madness bracket. The odds of having a perfect bracket are 1 in 9.2 quintillion."

@BenHorney how impossible is it to hit a perfect bracket? Kalshi willing to risk their entire funding on March madness. 🤯

This is a real promo that went up before it was supposed to, I'm told.

Donald Trump memecoin team launches second gala promotion as TRUMP token hits all-time low theblock.co/post/393449/tr…

Trumpcoin Gala 2: Electric Boogaloo

The CFTC published new guidance on prediction markets today aimed at curbing manipulation risks tied to real-world event contract trading on platforms like Kalshi and Polymarket. This is going to be much easier said than done, and there are many facets to consider. One of the biggest pieces is figuring out how to regulate contracts that can be so easily abused and incentivize manipulation. It's also no secret that insider trading runs rampant in these markets. And then there's the ethical debate. Where should regulators draw the line on what people can wager on? At the end of the day, Polymarket and Kalshi are doing combined volumes of more than $18 billion a month. The train's already in motion Read more: 👇

@lookonchain theblock.co/post/392053/us…

The US government is moving bitcoin from a seizure address linked to Miguel Villanueva that contained 0.3346 BTC. @lookonchain flagged the first transaction of around 0.0378 BTC, suggesting it could have been a test transaction: intel.arkm.com/explorer/addre… Since that tweet, another 0.24 BTC was moved to a separate address: intel.arkm.com/explorer/addre… A little under $4,000 worth of bitcoin remains in the seizure wallet. The only mention I can find of this guy is from @SaniExp's Timechain Index of US gov holdings: gov.timechainindex.com/?gov=usg

Uniswap finally shook off a class action lawsuit filed in 2022 that sought to hold the protocol’s developers liable for scam tokens traded on its platform. On Monday, a federal judge dismissed the remaining state-law claims with prejudice. Founder Hayden Adams called the ruling a “good, sensible outcome,” saying if scammers misuse open-source code, “the scammers are liable, not the open source devs.” Read more 👇

Fat chance this ever happens, but Mark Karpeles is proposing a hard fork to regain access to the ~80,000 bitcoins lost in the 2011 Mt. Gox hack. The coins have never moved since. The stash was worth less than a half million dollars at the time. Today: $5.2 billion Read more about his proposal 👇