In a now-viral tweet, Binance CEO Changpeng Zhao threatened to delist Bitcoin SV over Dr. Craig Wrights' claim to be the anonymous Satoshi Nakamoto; recently, Wright has been accused of doxing twitter personalities like pseudo-anonymous holdonaut and attacking podcaster Peter McCormick over tweets directed at Wright's claim Link

Update: Twitter user "Hodlonaut," creater of the Lightning Trust Chain Twitter game deleted their Twitter account after other users attempted to reveal the psuedonymous account's identity; after facing potential legal action from Craig Wright, moreover, Crypto Twitter contributed more than $20K to a legal fund established to help the inidividual behind the Hodlonaut account; Bitcoin Magazine reports: " the campaign attracted a total of 4 BTC from 892 contributors with an average donation of $22.6." - Link


0 Comments

balwinderdev

 
Dr. Ayo Akinyele, a cryptographic researcher, has announced the founding of Bolt Labs with $1.5M in seed funding from Dekrypt Capital, Xspring, Lemniscap, and Access Ventures; Bolt Labs is developing the BOLT protocol, a Lightning layer 2 protocol for totally masking channel funds; Dr. Akinyele plans on making BOLT interoperable and is being advised by the Electronic Coin Company CEO Zooko Wilcox - Link
0 Comments

balwinderdev

 
Coinbase has added crypto-to-crypto trading for 11 new countries, bringing the total up to 53; of the 11, five hail from Latin America, five from South East Asia plus New Zealand; Coinbase noted how the crypto economy is moving from an 'investment' phase to a 'utility' phase and is doubling down in an effort to bring more markets onto CoinbaseLink
0 Comments

balwinderdev

 
Japan's Financial Services Authority (FSA) will be subjectively asking certain exchanges to beef up cold wallet security, particularly for internal management: Reuters; last year the agency heavily restricted hot wallets in the wake of multiple security hacks and breaches - Link
0 Comments

balwinderdev

 
Dr. Ayo Akinyele, a cryptographic researcher, has announced the founding of Bolt Labs with $1.5M in seed funding from Dekrypt Capital, Xspring, Lemniscap, and Access Ventures; Bolt Labs is developing the BOLT protocol, a Lightning layer 2 protocol for totally masking channel funds; Dr. Akinyele plans on making BOLT interoperable and is being advised by the Electronic Coin Company CEO Zooko Wilcox - Link
0 Comments

balwinderdev

 
📚   Crypto mining has gone through four distinct phases in what Satoshi knowingly forsaw as a Bitcoins mining arms war. The Genesis Block mined by Satoshi used basic CPU processing power that could muster about one block per 50 minutes. Satoshi knew mining could easily be overtaken by GPUs, to which he asked for gentleman's agreement on Bitcoin Talk forum in 2010. As word grew, GPU mining took over in 2011, especially when a Bitcoin Talk user Puddinpop open sourced the GPU mining code. One miner, ArtForz, grew to control some 20% of the hash rate with a homebuilt GPU rig. FPGAs came next in 2011-2012, but were short lived due to difficulties working with Bitcoin's SHA-256 script. Finally came ASICs with the very first capable of mining 60 GH/s compared to GPUs topping out at 1 GH/s. AISCs moved mining from a hobby to a profession, with farm mining businesses like Bitmain and newer rigs running at over 200 times what the earliest ASICs could do - Link
0 Comments

balwinderdev