Crypto news

After getting the axe from America’s largest bank, the infamous rapper Kanye West may be gravitating towards Bitcoin.  The rapper has been spotted in multiple recent photos sporting a hat labeled “Satoshi Nakamoto” – the name of Bitcoin’s pseudonymous creator. Is Kanye a Bitcoiner? One of the photos was shared over social media on Sunday by Twitter user Quinten Francois. It shows West wearing a green jacket, rain boots, and the Satoshi hat, with a phone held to his face. Ye...

Curtis Warren – a British drug lord who was found guilty of smuggling cannabis – is due to be released from prison next month. The authorities, though, will supposedly put him back behind bars for five years if he uses WhatsApp, Facebook Messenger, or interacts with cryptocurrencies, including bitcoin. Strict Measures to Stay on the Loose Warren (also known as “Britain’s Pablo Escobar”) has been a problematic figure for the European authorities for the past decades. In 1996,...

Bitcoin has made its first appearance in the Guinness World Records, now officially honored as the “first decentralized cryptocurrency.” Its inclusion was part of a larger category labeled “cryptomania”, under which many other blockchain-related phenomena were mentioned.  Famous Crypto Records According to the latest edition of the reference book, Bitcoin is the “oldest,” “most valuable,” and “first-decentralized” cryptocurrency.  Since its first-of-a-kind creation in 2009,...

The Optimism bridge supporting privacy coin BitBTC is actively being exploited for 200 billion BitBTC tokens.  Due to the technicals of the hack, the BitBTC team now has less than 7 days to implement an upgrade to minimize the damages. A Poorly Designed Bridge According to Arbitrum tech lead Lee Bousfield on Twitter, the BitBTC bride contained a “critical exploit” that left it “trivially vulnerable.” It involves the bridge’s relationship between Ethereum’s layer 1 (L1)...

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, believes Bitcoin is at its most discounted price on a 100-week and 200-week moving average. He also predicted that the crypto asset would trade 5x its current price in five to ten years. During a recent interview with Stansberry Research, McGlone opined that Bitcoin is getting pounded by the Federal Reserve and so is at its most discounted price.  Bitcoin Will Trade at $100k  The Bloomberg strategist is...

It seems that with the bitcoin and crypto markets doing so poorly as of late, crypto fanatics and traders are doing all they can to potentially make themselves feel better about the situation(s). Thus, the new narrative for bitcoin is not that it’s a hedge against inflation or that it’s digital gold. Rather, most crypto traders are telling themselves that “a bitcoin is a bitcoin.” Bitcoin Is What It Is What does that mean, exactly? Well, it seems to mean exactly what it...

Crypto wallet provider BitKeep Wallet has become the latest victim of an endless wave of DeFi hacks this month. Blockchain security firm PeckShield first raised the alarm on Twitter late Monday, and BitKeep published an update on the incident in the early hours of Tuesday.  After alerting the public, the security firm asked users to follow some steps to ensure the safety of their funds. The steps included connecting their wallet to a revoke.cash site and revoking their...

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Michael Saylor – the CEO of institutional bitcoin bull and software giant MicroStrategy – has announced that he thinks bitcoin has what it takes to reach a price of $500,000 per unit within the next ten years and reach a market cap of roughly $10 trillion. Michael Saylor Still Thinks BTC Will Survive Saylor was confident in his proposal that bitcoin could potentially outdo gold, which up to this stage has been the primary investing tool for most individuals looking to...

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