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Historically, one of the most prominent attack vectors cryptocurrency exchanges have had to deal with were their hot wallets — wallets connected to the internet that hold a certain amount of funds to provide instant liquidity to users in the event of rapid influx of deposits or withdrawals. Being online most
The World Bank will not help El Salvador with its implementation of Bitcoin as legal tender. "We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes," a spokesperson from the World Bank is quoted saying, according to a Reuters report. The
China's crackdown on Bitcoin mining is beginning to materialize as restrictions expand to the Sichuan province, one of the main regions used for Bitcoin mining in the country. On Friday, the Sichuan Provincial Development and Reform Commission issued a joint notice with the Sichuan Energy Bureau demanding the
News - Economy - Jun 18, 2021China's crackdown on Bitcoin mining is beginning to materialize as restrictions expand to the Sichuan province, one of the main regions used for Bitcoin mining in the country. On Friday, the Sichuan Provincial Development and Reform Commission issued a joint notice with the Sichuan Energy Bureau demanding the
News - Economy - Jun 18, 2021Historically, one of the most prominent attack vectors cryptocurrency exchanges have had to deal with were their hot wallets — wallets connected to the internet that hold a certain amount of funds to provide instant liquidity to users in the event of rapid influx of deposits or withdrawals. Being online most
News - Business - Jun 16, 2021The World Bank will not help El Salvador with its implementation of Bitcoin as legal tender. "We are committed to helping El Salvador in numerous ways including for currency transparency and regulatory processes," a spokesperson from the World Bank is quoted saying, according to a Reuters report. The
News - Economy - Jun 16, 2021The Lightning Network's bitcoin capacity has never been higher than it is today. Over 1,512 bitcoin are now locked up in Lightning channels; 60% more than a year ago. In U.S. dollar terms, that's just shy of $60 million, which, while lower than the
News - Technology - Jun 15, 2021Nothing gets Elon Musk riled up like criticism of his soft weak hands. Amidst rumors that Tesla had further reduced its exposure to Bitcoin, Musk took to Twitter to deny selling at the peak. He reiterated a positive stance on the cryptocurrency, stating that Tesla would resume acceptance of bitcoin
News - Technology - Jun 12, 2021In August of last year, MicroStrategy set off what resembles a movement of institutions to get skin into the Bitcoin game. After Michael Saylor's firm bought its first $250 million worth of bitcoin, it took mere months for various public companies to follow suit; soon, even banks began
News - Economy - Jun 07, 2021The U.S. Federal Investigation Bureau (FBI) was able to recover part of the ransom paid by Colonial Pipeline, the operator of the fuel distribution company that fell victim to a hack shutting down one of its key sites in the country in May. 63.7 bitcoin or approximately $2.
News - Business - Jun 07, 2021El Salvador has big plans for Bitcoin: the Central American country seeks to become the first to declare Bitcoin legal tender and pave the way for wider adoption of Bitcoin among its population of 6.5 million. The efforts are led by Nayib Bukele, a Salvadorian businessman and the country&
News - Economy - Jun 04, 2021