Security researcher and developer Antoine Riard has announced his departure from the Lightning Network’s development due to security concerns and fundamental challenges to the Bitcoin ecosystem. Riard believes that the Bitcoin community is facing a difficult situation as a new type of attack, known as a replacement cycling attack, poses a significant threat to the […]
An Ethereum ICO participant, who had been dormant for over eight years, recently transferred their pre-mined stash of Ether tokens to different addresses. The address received 2,000 ETH during the ICO in 2014, and the tokens were purchased for $620 at a price of $0.31 per token. The value of these tokens has now grown […]
Investment management firm BlackRock has filed an amended version of its application for a spot Bitcoin exchange-traded fund (ETF), following similar filings from other companies. The updated filing includes additional warnings about the risks associated with investing in Bitcoin, highlighting the lack of regulation and transparency in the cryptocurrency market. BlackRock also acknowledges the competition […]
Recent estimates of crypto funding for terrorist organizations like Hamas and the Palestinian Islamic Jihad (PIJ) may have been exaggerated, according to blockchain analysis firm Chainalysis. In a blog post, the company argues that some analyses have mistakenly attributed all transactions sent to crypto service providers as terror financing. Chainalysis estimates that the actual amount […]
Former FTX CEO Sam “SBF” Bankman-Fried is currently on trial in New York, and new details have emerged regarding the commingling of funds between FTX and Alameda Research. Testimony from FTX’s former general counsel, Can Sun, revealed that he was unaware of the exchange’s commingling of funds with Alameda. Sun learned that Alameda had bypassed […]
In the world of blockchain, understanding token dynamics is crucial, especially when it comes to layered networks. Recently, the Shiba Inu community witnessed a significant token burn of 97 million SHIB on the Shibarium Layer-2 (L2) network. Shibarium is a blockchain platform built on top of Ethereum that caters to decentralized applications (dapps). This burn […]
Hacked cryptocurrency wallet Atomic Wallet has frozen $2 million in “suspicious deposits” with the help of major crypto exchanges. The wallet firm collaborated with blockchain intelligence firms Chainalysis and Crystal to identify and contain the threat. The funds were transferred to the Bitcoin blockchain using sophisticated methods such as bridges and mixers, with most of […]
Bitcoin’s potential for scalability and privacy is being explored through the implementation of zero-knowledge proofs (ZK-proofs). ZK-proofs allow one party to prove the truth of a statement without revealing any of its contents. The transformative potential of ZK-proofs was realized by Eli Ben-Sasson, the founding scientist of Zcash, during the Bitcoin 2013 conference in San […]
The Stellar Lumens blockchain is undergoing an upgrade to support smart contracts, aiming to challenge Ethereum’s dominance in the space. The new Soroban project will attract developers, users, and new applications to the network, which was initially focused on payments. This upgrade, set to launch later this year, is expected to be the biggest since […]
Former SEC Chair Jay Clayton believes that the approval of a spot Bitcoin ETF by the Securities and Exchange Commission (SEC) is inevitable. Clayton stated that there is high demand for Bitcoin investments from both retail and institutional investors. Institutional players are eager to gain access to Bitcoin, and trusted providers want to offer this […]
