The latest update to the privacy-focused Brave web browser allows users of its wallet to create native SegWit accounts on Bitcoin. This and more news in this handy daily digest to keep you up to date with the latest developments in the crypto world.
Bitcoin SegWit transactions are integrated into Brave Wallet
📍Brave's crypto wallet now supports all types of Bitcoin transactions, including Segregated Witness transactions, known as SegWit. In a statement, the developers of the privacy web browser reported on Brave's latest update, v1.63, which allows users to create accounts and access Bitcoin transactions in the SegWit format, natively.
James Mudgett, VP of Web3 Products at Brave, highlighted that Bitcoin has proven to be an emerging and resilient asset class over time, with great potential to revolutionize markets, so it is important to guarantee users access to this innovation in a simplified and secure way. Mudgett also said that through Brave Wallet the goal is to allow users to store, manage and administer different cryptocurrencies, from different blockchains, in one place and in a secure and private way.
In this way, by integrating all types of Bitcoin transactions, from Legacy to Nested SegWit, Native SegWit and Taproot, Brave is fulfilling this goal, supporting expanding Bitcoin use cases while offering security and privacy for its users’ assets.
Robert Kiyosaki: Bitcoin will rise to $300.000
📍“Rich Dad, Poor Dad” author Robert Kiyosaki believes the price of Bitcoin could reach $300.000 this year. Kiyosaki bases his optimistic predictions for the price of Bitcoin on the fragility of the banking system and the global economy and on the potential for appreciation that Bitcoin has demonstrated over time.
On his X account (formerly Twitter), Kiyosaki recently pointed out that the next stop for the Bitcoin price could be $300.000 per unit, by the end of 2024.
The US is not considering the digital dollar in the short term
📍Jerome Powell, president of the United States Federal Reserve (FED), said that there is no need for a CBDC for the dollar, at least not in the short term. During his speech before the Senate Banking Committee, Powell said that the Fed is nowhere near adopting a digital dollar. He said that the federal agency, which is in charge of designing and overseeing the country's monetary policy, is not even close to making an adoption recommendation for a digital currency.
Powell noted that the central bank considers the adoption of a CBDC to be possible, but that “nothing like that is remotely close to happening anytime soon.”
His recent statements somewhat allay concerns that some lawmakers have expressed about financial surveillance through such digital currencies. CBDCs, which are centralized digital currencies issued by central banks, are perceived as surveillance instruments that will allow banks and governments to monitor and control citizens’ financial activities.
In the United States, a dozen of the country's 50 states have proposed and approved certain regulations focused on ban the use of these digital currencies and, therefore, the digital dollar.
South Korea requests assistance for Do Kwon's extradition
📍Terra founder Do Kwon was arrested in Montenegro a year ago, accused of falsifying official documents. Kwon is wanted by South Korean and US authorities over the collapse of the algorithmic stablecoin UST and the Terra blockchain ecosystem he helped create. The collapse led to multi-million dollar losses in 2022 and caused part of the crypto market crash.
Although Kwon has pleaded not guilty to the charges, denying allegations that he orchestrated a fraud against Terra investors, South Korean and U.S. authorities have been seeking his extradition from Montenegro, where he was arrested last year for using a fake passport in an attempt to leave the country. Montenegrin authorities sentenced Kwon to four months in prison in November.
Now, South Korea is asking Interpol for help in extraditing the Terra founder to the country. According to the Newsis agency, the South Korean National Police Agency is again requesting Kwon's extradition in light of the fact that the Montenegrin court rejected the extradition order requested by the United States.
Continue reading: Orange Domains, a project to explore Bitcoin's Web3 capabilities
IMPORTANT: The content of this article is for informational purposes only and, in no case, what is written here should be taken as investment advice or recommendations. Bit2Me News reminds you that before making any investment you should educate yourself and know where you invest your money, as well as the pros and cons of the system. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
