Bitcoin Options Bought for $1 Million Will Soon Be Worthless Purchased for almost $1 million on LedgerX’s trading platform just days after Bitcoin peaked a year ago, the call options have a strike price of $50,000 and an expiry date of Dec. 28, 2018. For the contracts to retain any value at expiry, Bitcoin would need to rally more than 1,400 percent. The options’ almost… Read More
Fake Elon Musk Twitter Bitcoin Scam Earned 180K in One Day A widespread scam pretending to be from ElonMusk and utilizing a stream of hacked Twitter accounts andfake giveaway sites has earned scammers over 28 bitcoins or approximately $180,000 in a single day. This scam is being pulled off by attackers hacking into verified Twitter accounts and then changing the profile name to ‘Elon Musk’. They… Read More
Bitcoin Core Developers kept a critical DoS bug, a secret; releases fix Earlier this week, a bug was found in the Bitcoin’s core code base. Developers got in the rush, and finally released a fix on Tuesday. The bug turned out to be Denial of Service bug (DoS). Furthermore, if anyone exploited the vulnerability, this could be used to disconnect nodes, or even crash a whole segment… Read More
A perspective from the Bitcoin Cash and Bitcoin Unlimited developer who discovered CVE-2018–17144 Six hundred microseconds. That is about the time that Matt Corallo wanted to shave off of block validation with his pull request in 2016 to Bitcoin Core. 600µs is a lot less than what is saved with more efficient block propagation, like XThin, Compact Blocks, or now Graphene over typical links, especially those that are… Read More
Critical Bug Found in Bitcoin Core Invokes the Multiple Client Argument Over the last 24 hours, the cryptocurrency community has been discussing a critical vulnerability that was found in the Bitcoin Core (BTC) reference client. A bug introduced in Bitcoin Core version 0.14, that also affects all subsequent versions, could have caused a great majority of current Core nodes to crash. According to the developer’s Optech… Read More
Almost $1B in Bitcoin Moved Around in Silk Road Wallet Addresses Mysterious movements from the original Silk Road wallet suggest that the US government is cashing out on the Bitcoin gradually. The Silk Road market may be dead—we actually checked just to see if it came back somehow—but its wallet appears to be alive. Over a billion dollars in Bitcoin are being moved from several wallets… Read More
“Bitcoins for cash in bags” trader gets 12 months in prison We found the full story in what’s called the Sentencing Position document filed by the United States of America in its federal court case against Theresa Tetley, aka the “Bitcoin Maven”. The Bitcoin Maven (a maven, in case you are wondering, is an expert or connoisseur) had already pleaded guilty to money laundering charges relating… Read More
Is the Bitcoin network an oligarchy? Cryptocurrencies like Bitcoin can be analysed because every transaction is traceable. This means that they are an attractive system for physicists to study. In a paper published in EPJ B, Leonardo Ermann from the National Commission for Atomic Energy in Buenos Aires, Argentina, and colleagues from the University of Toulouse, France, have examined the structure… Read More
Nakamoto Family Foundation Announcing the first excerpt to a literary work consisting of two parts. The excerpt is provided. I wanted to include it as a brief glimpse of history. Even for those that can’t read the full book, I wanted to make this available to everyone. A short story if you will, with some of the most… Read More
Feds Pose as Cryptocurrency Money Launderer to Bust Alleged Dark Web Dealers In a novel investigative strategy, rather than just following the money, investigators went undercover as someone converting Bitcoin into cash, exploiting a financial bottleneck faced by dark web criminals. Law enforcement agencies are always looking for new ways to identify suspects on the dark web, whether that means using malware to unmask people, executing wide… Read More