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.
BitcoinBeginnerMetaplanet, a Japanese investment business, has once again made news for its aggressive Bitcoin purchase strategy. On May 19, the business announced the purchase of 1,004 BTC for approximately $104.6 million, making it the second-largest single Bitcoin purchase to date. With this purchase,…
#crypto
An Australian man from Queensland has had to give up nearly 25 Bitcoin, a luxury waterfront mansion, and a Mercedes-Benz after authorities linked the assets to suspected criminal activity. According to a statement released on May 18, the Australian Federal Police (AFP) — through its Criminal…
#australia#crime#crypto
BitcoinBeginnerJonathan Mills, the founder and CEO of the NFT project Hashling NFT and the Bitcoin mining venture Satoshi Labs (formerly Proof of Work Labs), is facing serious allegations from former business partners who claim he misappropriated millions of dollars in project funds. A lawsuit filed in Illinois…
#crypto#fraud#law
BitcoinBeginnerTwo former executives of the bankrupt crypto lending service Cred, Daniel Schatt (CEO) and Joseph Podulka (CFO), have pleaded guilty to wire fraud related to the company’s collapse. The plea deals, according to May 13, were filed in a California District Court, with Judge William Alsup setting a…
#altcoin#court#crypto
BitcoinBeginnerThree teenagers allegedly kidnapped a man at gunpoint after he returned home from hosting a cryptocurrency event downtown. According to police, the suspects forced the man into a vehicle and drove him an hour into the desert, where they coerced him into handing over access to his crypto wallets…
#altcoin#crime#crypto
BitcoinBeginnerMetaplanet, a Japanese investment corporation, has secretly developed a Bitcoin hoard that now exceeds the holdings of an entire country, El Salvador, with 6,796 BTC, worth approximately $707 million at current market rates, following its most recent buy on May 12, 2025. CEO Simon Gerovich…
#crypto#el-salvador#japan
BitcoinBeginnerDonald Trump’s recent announcement of a “total reset” in trade relations with China has sent waves through global financial markets. U.S. Treasury Secretary Scott Bessent has stated that there has been “substantial progress” in the ongoing negotiations, raising hopes for a lessening in the…
#china#donald-trump
BitcoinBeginnerThe seizure, announced on May 9 by German authorities, has seized €34 million (approximately $38 million) in cryptocurrency from the eXch platform, which is implicated in laundering funds stolen during the record-breaking $1.5 billion Bybit hack. The seizure, announced on May 9 by Germany’s…
#bybit#crime#crypto
BitcoinBeginnerThe LockBit ransomware group’s infrastructure, nearly 60,000 Bitcoin addresses associated with their operations, were exposed following a hack of their dark web affiliate panel. The leak included a MySQL database dump containing critical information such as ransomware builds, victim negotiation…
#crime#crypto#fraud
BitcoinBeginnerArizona Governor Katie Hobbs has signed a groundbreaking bill into law that allows the state to take ownership of unclaimed cryptocurrencies and create a “Bitcoin Reserve Fund”—all without using taxpayer dollars or state funding. House Bill 2749, which was signed on May 7, allows Arizona to seize…
#crypto#government#law
BitcoinBeginnerBitcoin Core developers have announced plans to abolish the contentious OP_RETURN restriction, a move that has caused disagreement in the cryptocurrency industry. The OP_RETURN opcode allows for embedding small amounts of data in Bitcoin transactions, providing a mechanism for applications like…
#crypto
