Day: August 22, 2023

Bitcoin developers filed legal issue against self-proclaimed BTC creator Craig Wright

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin developers responded to a lawsuit initiated by self-proclaimed Bitcoin creator Craig Wright, often mocked with the nickname “faketoshi.” On Aug. 21, Bitcoin Legal Defense Fund (BLDF) filed a preliminary issue application with the UK High Court against Wright’s firm Tulip Trading. The firm in question sued 12 Bitcoin developers in an attempt to force them to introduce a backdoor in the Bitcoin software to give it access to 111,000 BTC — or nearly $2,9 billion…

Optimism (OP) Continues Market Recovery As Network Whales Triple Their Holdings In The Past Year

Ethereum layer 2 network Optimism (OP) has maintained its market recovery in the last few days, recording a 5.57% gain over the last 24 hours, based on data from CoinMarketCap. Since hitting the $1.31 price mark, Optimism has embarked on an upward curve, looking set to return to the high price levels seen at the start of August. Optimism Major Investors Boost Holdings By 300% In The Last Year Among many positives for Optimism, the on-chain analytics firm, Santiment has also revealed another significant development for the altcoin in terms…

Stellar joins Bytecode Alliance to help develop EVM alternative Wasm

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The Stellar Development Foundation has joined the Bytecode Alliance, an industry group promoting the development of WebAssembly (Wasm), according to an Aug. 21 announcement. Wasm is a competitor to the Ethereum Virtual Machine (EVM) used by the Ethereum ecosystem. It is also used in non-blockchain, browser-based applications. We are officially members of @bytecodeallies! Our goal? To shape the future and development of WebAssembly for blockchain developers. Time to get to work https://t.co/MBLkWoNlDl — Stellar (@StellarOrg) August 21, 2023 EVM is a virtual machine or computation engine used to execute smart…

Gunning For $0.00001 After Shibarium Snag

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Shiba Inu (SHIB) has recently witnessed a tumultuous journey marked by a sharp reversal from its peak at $0.00001136.  This reversal, known as a V-top, has raised significant concerns within the crypto community and the trading floors. But what exactly does this term mean, and what implications does it hold for SHIB investors and enthusiasts? A V-top reversal is a distinctive price pattern observed in technical analysis. It occurs when a cryptocurrency’s value experiences a rapid ascent to a peak, followed by an equally swift decline.   In SHIB’s case, this…

First Republican presidential debate to feature pro-crypto candidates

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Candidates for the Republican nomination for the 2024 United States presidential election who have publicly expressed their support or disdain for certain crypto-related policies will be meeting for a debate for the first time. At the time of publication, eight presidential candidates with the Republican Party are expected to appear in Milwaukee on Aug. 23 in the party’s first debate ahead of the 2024 election season. Former U.S. Presidential Donald Trump, the party frontrunner currently facing multiple criminal indictments related to his alleged role in attempting to overturn the results…

BlackRock has more to lose from a BTC price crash pre-Bitcoin ETF

Numerous theories emerge whenever the price of Bitcoin (BTC) takes a sudden and steep drop. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin whales manipulating prices, over-leveraged traders, and some conspiracies involving Tether (USDT). SEC kicks Bitcoin ETF can down the road Between Aug. 15 and Aug. 18, Bitcoin’s price experienced a significant 12% decline. This occurrence followed a familiar pattern, prompting a variety of reasons put forth by analysts and experts. Unfortunately, due to the decentralized nature of cryptocurrencies and the lack of transparency…

Balancer V2 Pools Under Threat, LP Users In Race Against Time To Withdraw Funds

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Balancer, a decentralized finance (DeFi) protocol operating on the Ethereum blockchain, has recently disclosed a critical vulnerability impacting several of their V2 Pools.  While emergency measures have been implemented successfully to safeguard a significant portion of Total Value Locked (TVL), a portion of funds remains at risk.  As a precautionary measure, Balancer Labs advises users to withdraw their affected Liquidity Provider (LP) funds without delay. It is important to note that, at present, no funds have been lost, and the vulnerability has not been exploited. Balancer Discovers Critical Vulnerability According to…

Finst Becomes First Dutch Cryptocurrency Platform To Release an Extensive Proof of Reserves

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August 22, 2023 – Amsterdam, Netherlands Amsterdam-based cryptocurrency exchange Finst announces the successful release of its PoR (proof of reserves) conducted by a reputable and independent audit firm. Finst’s extensive PoR audit is a first-of-its-kind, aiming to address the limitations of traditional PoR and set higher transparency standards in the crypto industry. The audit, which will be renewed at least every six months, confirmed that Finst holds its clients’ assets on a full reserve basis – 1:1 – and has implemented an effective segregation of assets. As a crypto investor,…