Researchers propose new scheme to help courts test deanonymized blockchain data

A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and courts can use. The paper lays out a blueprint for conducting, verifying and presenting investigations into crimes involving cryptocurrency transactions. While the paper focuses on the German and United States legal systems, the authors state that the findings should be generally applicable. ...

Mining difficulty passes 50 trillion — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher. The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows. But traders nonetheless remain conflicted. Can short-timeframe strength lead to an overall trend breakout? ...

Ledger CEO says crypto key recovery service makes self-custody easier

Hardware wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover’ service. Ledger Recover is an optional paid feature that will eventually allow users to back up and restore their private seed phrase. Some industry participants believe this service could be useful for onboarding new users and helping current crypto holders. ...

Bitcoin erodes 4% gains as BTC price downside targets stretch to $23K

Bitcoin (BTC) traded near $28,000 on May 28, with traders still wary of a full correction of weekend upside. Short positions were increasing, despite May 28 liquidating more positions than any day in a month. U.S. dollar strength continued to play out in a trend that formerly spelled significant headwinds for crypto asset performance. ...

Russia scraps plans for a national cryptocurrency exchange

The Russian government is no longer planning to launch a regulated national cryptocurrency exchange. State Duma member Anatoly Aksakov said the government wants to set rules for creating and managing such platforms. Russia's Ministry of Finance was reportedly among the authorities that didn't support the plan for a national crypto exchange. ...

Bitcoin Ordinals surpass 10M inscriptions as creator Rodarmor steps down

The number of Ordinals inscriptions on the Bitcoin network has surpassed the 10 million mark. On May 28, Casey Rodarmor announced on Twitter he had stepped down as the project’s lead maintainer. Rodarmor handed the role over to pseudonymous coder Raphjaph. ...