Month: April 2024

Jameson Lopp, a prominent figure in the Bitcoin community, deliberately “griefed” one of Bitcoin’s testnets by generating three years’ worth of blocks in a single week to highlight a vulnerability, sparking outrage among fellow Bitcoin developers. Using just 20 lines of code and about $1 worth of electricity, Lopp’s action, intended to draw attention to […] Source: https://news.bitcoin.com/jameson-lopps-bitcoin-testnet-griefing-stirs-controversy/

The announcement of Eigenlayer’s airdrop, featuring non-transferable tokens and aggressive geo-restrictions, has sparked outrage among users who felt the allocated amount was minimal and the documentation confusing. Despite adding over $15.7 billion in staked Ether in anticipation, participants criticized the linear distribution model favoring large restakers and the stringent geographic limits excluding users from 30 […] Source: https://news.bitcoin.com/eigenlayers-airdrop-faces-backlash-over-token-restrictions-and-minimal-allocations/

The Bank of Russia has dismissed the effect that a future confiscation of Russian assets in the U.S. might have on the nation’s economic stability. Elvira Nabiullina, governor of the bank, stated that Russia has been diversifying its asset portfolio for many years and that the assets to be seized weren’t in use anymore. Bank […] Source: https://news.bitcoin.com/bank-of-russia-dismisses-us-asset-confiscation-effects-on-russias-economic-stability/

On Monday, April 29, Keonne Rodriguez, co-founder of the non-custodial bitcoin wallet Samourai, entered a plea of not guilty to accusations of operating a money transmitter and engaging in money laundering. Rodriguez secured his release by posting a $1 million bail and will be confined to his residence in Harmony, Pennsylvania, with his movements monitored […] Source: https://news.bitcoin.com/samourai-wallet-co-founder-keonne-rodriguez-pleads-not-guilty-released-on-1m-bail/

With the debut of spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong trading on Tuesday, market observers are speculating about the potential demand for these ETFs in the region, reminiscent of the enthusiasm seen in the U.S. following the approval of 11 spot bitcoin ETFs on Jan. 10. Zhu Haokang, head of digital […] Source: https://news.bitcoin.com/china-asset-management-exec-anticipates-hong-kong-spot-bitcoin-etfs-to-exceed-us-debut/