A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages. Authorities in Iran Give Confiscated Mining Rigs Back …
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14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial institution.” Since Bitcoin was born it changed the financial system significantly, …
After transitioning from proof-of-work (PoW) to proof-of-stake (PoS), the Ethereum community saw the launch of two new PoW Ethereum forks: ethereumpow and ethereumfair. In the past four months, the value of both coins has dropped by 94.8% to 98.4% in U.S. dollars. PoW Ethereum Forks Ethereumpow and Ethereumfair Suffer Significant Value Loss After Launch Since …
Ripple chief technology officer David Schwartz thinks the crypto sector is akin to the search engine industry in the year 2000. In a new Twitter thread, Schwartz acknowledges that he doesn’t really have a good understanding of what impacts the price of crypto, but he has a theory that’s based on data, experience and his feelings …
Macro strategist Lyn Alden says she expects Bitcoin (BTC) to be worth more at the end of this year than it is now. In a new interview with the What Bitcoin Did Podcast, Alden predicts where she thinks BTC will be price-wise, at the end of 2023, with one huge caveat. “It’s hard to make one-year …
A new report claims that Tesla, Twitter and SpaceX CEO Elon Musk has lost approximately $200 billion in about 13 months amid a severe stock correction. According to a Bloomberg report, Musk’s net worth hit a peak of $340 billion in November of 2021 but has now fallen to $137 billion, making him the only …
Crypto analytics firm Santiment says XRP is signaling bullishness as whales rapidly accumulate the token. According to Santiment, XRP is setting the stage for a possible price surge to start off 2023, potentially triggered by a short squeeze. A short squeeze happens when an unusual amount of traders are trying to short-sell an asset. The …
The company behind a crypto-satellite module launched in May has announced an additional piece of its blockchain-related infrastructure went into Earth orbit. According to a Jan. 3 announcement, one of SpaceX’s Falcon 9 launch vehicles carried a “cryptographically-equipped” Cryptosat satellite — called Crypto2 — into orbit on Jan. 3. The addition of Crypto2 to the …
The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law firm. FTX Digital Markets is headquartered in the …
Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January. Market caps during the 2022 holiday period. Source: Arcane Research Winklevoss Letter to DCG stirs up bankruptcy FUD …
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Former FTX CEO Sam Bankman-Fried has pled not guilty to all criminal charges he’s facing related to the collapse of the crypto exchange, including wire fraud, securities fraud and violations of campaign finance laws. Multiple observers in the United States District Court in the Southern District of New York on Jan. 3 reported that Bankman-Fried’s …
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Bitcoin core dev Luke Dashjr has lost $3.6 million to a hack The perpetrators managed to gain access to Dashjr’s PGP key. Binance is monitoring the situation and CZ has offered to freeze the stolen funds if possible. The hack may be associated with a security breach that occurred in November 2022. Luke Dashjr, a …
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A hacker has reportedly stolen a Bitcoin (BTC) Core developer’s stash of the king crypto worth at least $3.6 million. Luke Dashjr says on Twitter that his Pretty Good Privacy (PGP) key was compromised and “basically all” of his BTC was stolen. PGP is an encryption program designed to block data from prying eyes. The …
When it comes to the “crypto” part of cryptocurrencies, David Chaum’s work predates the crypto ecosystem. His efforts as a renowned cryptographer date back to 1989, long before Bitcoin (BTC) was a thing. Chaum developed the protocols that act as the basis of DigiCash — the world’s first digital currency secured by cryptography. As the …
Continue reading “The ‘godfather of crypto’ wants to create a privacy-focused CBDC: Here’s how”
According to a recent report by Hash Rate Index, publicly-listed Bitcoin (BTC) miners took on more than $4 billion worth of debt during the run-up to the crypto bull market. Mesmerized by rising prices, industry rushed hand over fist to purchase Bitcoin application-specific integrated circuits miners on easy credit. However, in today’s context of Bitcoin …
Continue reading “Bitcoin miners see mixed successes in tackling debt-fueled overexpansion crisis”
