The native token prices from multiple projects that employ Ethereum Layer 2 scaling solution Optimism have spiked around 20% amid rumors that the network will soon launch a token and airdrop it to the community. Optimism is a Layer 2 scaling solution that utilizes Optimistic rollups to process a high amount of transactions off the Ethereum blockchain. The project touts…
A new report by blockchain analytics firm CipherTrace highlights the growing role that privacy-focused cryptocurrencies such as Monero are playing in the rising tide of ransomware. “Current Trends in Ransomware” delves into trends observed during 2021 but was only released this week. The firm revealed there was almost a 500% increase in “double extortion” ransomware attacks from 2020 to 2021.…
The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities,” said the assistant director of the Secret Service’s Office of Investigations. “What we want to do is to track that as quickly as we can, aggressively…
A top official from the U.S. Secret Service (USSS) says the agency can track the flow of Bitcoin and other cryptocurrencies in a similar manner to email addresses, and it has seized more than $102 million in crypto across 254 cases since 2015. USSS assistant director of investigations David Smith told CNBC that the transparent and immutable aspect of blockchain…
The stock market has once again made crypto look stable by comparison with the Netflix (NFLX) stock price dropping 25% in after-hours trading tod. The news that sparked the dramatic tumble was the revelation on Tuesday that the streaming service has lost 200,000 customers in the first quarter of 2022 and projects it will lose a further two million subscribers…
Wildcatters drilling wells in hopes of finding oil. via Braiins via Braiins The below is a direct excerpt of Marty’s Bent Issue #1194: “Rising energy price, difficulty, and their effect on mining profitability.” Sign up for the newsletter here. Here’s something to pay close attention to in the coming months: the economics of the bitcoin mining industry. With the bitcoin price…
Activity on the Cardano (ADA) blockchain is starting to heat up, with 400 new projects in the works, along with 100,000 new wallets being created over the past month. According to an April 19 Twitter post from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network. The figure has grown by roughly 400 since…
In brief Colorado’s governor went after Ron DeSantis over his policies on Twitter and Disney. Both men are proponents of crypto and possible 2024 presidential candidates. Republican Ron DeSantis and Democrat Jared Polis, the respective governors of Florida and Colorado, are two of the most pro-crypto politicians in the country—and are viewed by pundits as possible candidates for the 2024…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Coinbase April Outflows As we’ve highlighted in previous analyses, the latest bitcoin outflow from exchanges has been relentless over the last…
A U.S. lawmaker has urged the Biden administration to develop a “robust strategy” to prevent cryptocurrency from being used to evade sanctions. “Emerging technologies like cryptocurrency offer many positive applications like humanitarian relief, but the administration has not kept pace in ensuring this novel form of currency is not used to the detriment of U.S. national security,” he said. Congressman…
