Layer 1
The original cryptocurrency and proof-of-work blockchain.
A peer-to-peer electronic cash system launched in 2009. Proof-of-work mining secures a UTXO ledger with a fixed 21 million coin supply; Script, SegWit and Taproot enable programmable spending conditions, and the Lightning Network adds fast off-chain payments.
BitcoinBeginnerCryptocurrency exchange Binance has taken a step to combat address poisoning scams with the development of a new algorithm. This move comes after a significant exploit that resulted in roughly $68 million in stolen funds. Address poisoning, also known as spoofing, is a deceptive tactic employed by…
#crypto#defi#scam
Chinese authorities have cracked down on a significant underground banking operation involving the popular stablecoin Tether (USDT), according to reports. The racket is estimated to have moved a staggering $1.9 billion. Police forces successfully dismantled two illegal operations in the cities of…
#banks#china#scam
BitcoinBeginnerCryptocurrency staking platform pSTAKE Finance, backed by industry giant Binance Labs, has unveiled a new solution designed to unlock the earning potential of Bitcoin (BTC) for its holders. This novel offering takes the form of a **liquid staking solution** for Bitcoin, aiming to streamline the…
#binance#decentralization#defi
BitcoinBeginnerTether, the issuer of the popular stablecoin USDT, froze $5.2 million worth of USDT on May 14, 2024. These funds were linked to phishing scams, highlighting Tether’s efforts to maintain the integrity of its platform. Phishing scams are a prevalent threat in the cryptocurrency space, where…
#crypto#defi#scam
BitcoinBeginnerThe White House announced on May 13th, 2024, that President Biden has ordered the removal of a Chinese-owned cryptocurrency mining facility located near a sensitive military base in Wyoming. The order targets MineOne Cloud Computing Investment, a firm with significant Chinese ownership, and its…
#china#crypto#united-states
BitcoinBeginnerCryptocurrency exchange Coinbase is experiencing a significant disruption as a “system-wide outage” renders its services inaccessible to users. This outage on its official status page, May 14, 2024, at 4:15 AM UTC, affects both the desktop and mobile platforms, preventing users from logging in,…
#coinbase#crypto#united-states
BitcoinBeginnerNorth Korean hackers, specifically the group known as Kimsuky, have set their sights on cryptocurrency firms. Their weapon of choice? A new malware variant is dubbed Durian. This malware targets sensitive data stored by crypto businesses. Durian is written in Golang, a programming language gaining…
#crypto#hackers#north-korea
BitcoinBeginnerJack Dorsey, the co-founder of Twitter and Block, has claimed that Bitcoin’s value could reach at least $1 million by the year 2030. This statement has sparked debate within the cryptocurrency community. Dorsey is a known Bitcoin advocate and has previously expressed his belief in its potential to…
#crypto
BitcoinBeginnerA dormant Bitcoin address dating back to the Satoshi era has sprung back to life after a decade of inactivity. This wallet, containing a significant sum of 687 Bitcoin (BTC), abruptly transferred its holdings on May 6th, sparking curiosity and speculation within the cryptocurrency community. The…
#crypto
BitcoinBeginnerUS lawmakers are pressuring the Securities and Exchange Commission (SEC) to approve Bitcoin options trading. This push comes after the SEC’s recent approval of spot Bitcoin exchange-traded funds (ETFs), which has seen significant investor interest. Representatives Mike Flood and Wiley Nickel…
#crypto#law#sec
BitcoinBeginnerCryptocurrency exchange Binance has expanded its Web3 Wallet capabilities by integrating Bitcoin Atomical ARC-20 assets. This move allows users to store, manage, and potentially trade these innovative tokens directly on the Binance platform. ARC-20, modeled after Ethereum’s ERC-20 standard,…
#binance#crypto#wallets
