In 2010, Gavin Andresen, a former Bitcoin developer, discussed the project with Satoshi Nakamoto, the inventor of Bitcoin. Among the topics covered were Andresen’s concerns about Bitcoin’s scripting language and the potential for network spam. Andresen’s Concerns During the conversation, Andresen expressed his apprehension about Bitcoin’s scripting language, stating that its complexity could be a
North Korea’s missile program is believed to be funded, in part, by cyberattacks and cryptocurrency theft. The U.S. Deputy National Security Adviser for Cyber and Emerging Technology, Anne Neuberger, has stated that up to 50% of the country’s secretive missile program could be financed by such activities. Speaking at an event hosted by the nonprofit
DEUS Finance, a DeFi protocol, was hacked over the weekend, resulting in a loss of over $6 million. The hackers exploited a vulnerability in DEUS Finance’s own stablecoin DEI on BNB Smart Chain and Arbitrum networks. However, a significant portion of the lost funds has now been recovered. The Hack According to blockchain security firm
Binance, the cryptocurrency exchange, experienced issues due to the volume of pending transactions, leading to a temporary pause of Bitcoin (BTC) withdrawals. The exchange explained on Twitter that large volumes of BTC withdrawal transactions were yet to be processed due to the recent surge in BTC gas fees. To resolve the issue, Binance replaced pending
TBD, the crypto firm of Jack Dorsey, has collaborated with Ray Youssef, co-founder of Paxful, to launch a new decentralized peer-to-peer (P2P) crypto trading platform called Civilization Kit (Civ Kit). The platform aims to provide thousands of plug-and-play P2P marketplaces worldwide. Details of Civ Kit Civ Kit will be developed on Nostr, a decentralized network
Bitcoin (BTC) experienced a drop in value at the start of the week due to the latest nonfarm payrolls report. The report showed an increase in jobs added to the U.S. economy, which many believed justified the Federal Reserve’s decision to hike interest rates by 0.25%. As a result, BTC/USD fell to an intraday low
New York State Attorney General Letitia James has put forth a proposal for landmark legislation to regulate the cryptocurrency industry. This proposal aims to provide protection for investors, consumers, and the broader economy. The proposed bill, titled “Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act,” is considered the strongest and most comprehensive set of regulations
After a sluggish 2022, the cryptocurrency market has been on the rise since 2023, but the performance of different cryptocurrencies has been mixed. While Bitcoin has led the bullish rally, Dogecoin and other meme coins have also seen significant gains. Shiba Inu, a popular “Dogecoin killer,” has been struggling and is currently trading in a
$SPONGE token has recently experienced a surge of 1,500% in the last 48 hours, leading many investors to speculate that it could be the next $PEPE coin. As a newly launched project, $PEPE debuted in mid-April and quickly gained a market capitalization of over $1 billion, making it one of the fastest-growing projects in the
Sergey Lavrov, the Russian Minister of Foreign Affairs, has stated that there is a growing understanding about increasing the use of national currencies in settlements between the member states of the Shanghai Cooperation Organisation (SCO). The statement was made following discussions with counterparts in Panaji, the capital of the Indian state of Goa. To achieve