Cryptosat launches second ‘cryptographically-equipped’ satellite using SpaceX rocket

The company behind a crypto-satellite module launched in May has announced an additional piece of its blockchain-related infrastructure went into Earth orbit. According to a Jan. 3 announcement, one of SpaceX’s Falcon 9 launch vehicles carried a “cryptographically-equipped” Cryptosat satellite — called Crypto2 — into orbit on Jan. 3. The addition of Crypto2 to the firm’s satellite constellation was part of efforts to make space a “new battleground in the quest for bulletproof cryptography” by expanding its computational power. “The launch of Crypto2 gives us more availability and more powerful…

Currency Expert Explains Why Altcoins Experience More Carnage Than Bitcoin And Ethereum

As the current bear market in crypto continues to deepen, Bitcoin has fallen by 78%, and Ethereum by 82%. Yet elsewhere in the crypto market, many altcoins are down by as much as 96% or more.  In a recent video, Elliott Wave International Currency & Crypto Analyst Jason Soni sheds some light on why this occurs and what this could mean for various cryptocurrencies.  Breaking Down Why Some Crypto Assets Crash More Than Others Bitcoin price has retraced by more than 78% from all-time highs set back in 2021. Ethereum,…

A Look Back at the Birth of Cryptocurrency – Bitcoin News

14 years ago on Jan. 3, 2009, Satoshi Nakamoto launched the Bitcoin network and block zero at approximately 1:15 p.m. (ET) on a Saturday afternoon. Satoshi’s technology allows “online payments to be sent directly from one party to another without going through a financial institution.” Since Bitcoin was born it changed the financial system significantly, and it sparked an entire cryptocurrency economy worth more than $800 billion in value. The History and Significance of Bitcoin’s Genesis Block: 14 Years Later Today is the 14th anniversary of the genesis block, otherwise…

The Bahamas lawyers up as the FTX case proceeds in US court and disagreements fester

The Bahamas will have legal representation in the unfolding FTX case. The Caribbean nation chose Brown Rudnick as counsel “in certain matters of engagement related to the collapse of FTX Digital Markets Ltd.,” alongside Bahamian lawyers and other experts, according to a statement released by the law firm.  FTX Digital Markets is headquartered in the Bahamas, and the top management of the company lived in that country. Cases against the members of the management team are now being heard in the United States after former CEO Sam Bankman-Fried’s extradition from…

3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins

Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January.  Market caps during the 2022 holiday period. Source: Arcane Research Winklevoss Letter to DCG stirs up bankruptcy FUD On Jan. 2, Cameron Winklevoss, the co-founder of Gemini, penned an open letter to Digital Currency Group (DCG) founder, Barry Silbert demanding answers on the $900 million in locked customer funds. Gemini launched the “Earn”…

Crypto Markets Start Year on Positive Note After Horrendous 2022

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Bitcoin Core Developer Loses $3.6 Million Worth Of Bitcoins To Hack

Bitcoin core dev Luke Dashjr has lost $3.6 million to a hack  The perpetrators managed to gain access to Dashjr’s PGP key.  Binance is monitoring the situation and CZ has offered to freeze the stolen funds if possible.  The hack may be associated with a security breach that occurred in November 2022.  Luke Dashjr, a Bitcoin core developer who claims to be the longest contributor to the flagship cryptocurrency, fell victim to a hack earlier this week that led to a loss of millions of dollars worth of Bitcoins.  Lost…