Category: Bitcoin News

Charles Hoskinson questions Bitcoin’s post-quantum security approach

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Bitcoin’s move toward post-quantum security has drawn criticism from Cardano founder Charles Hoskinson, who questioned the design choice behind the proposed protection model.  Summary Hoskinson said Bitcoin chose SPHINCS+, a quantum-resistant signature scheme with limited flexibility and larger transaction sizes. Bitcoin developers appear focused on security and simplicity rather than broader functionality in post-quantum upgrade planning. The debate reflects tension between defensive design choices and future flexibility in Bitcoin’s slow upgrade cycle. His comments focused on SPHINCS+, a hash-based signature scheme that some developers view as a safe option against…

Greek Firm Warns of Bitcoin Fraud as Vessels Face Military Fire in the Strait of Hormuz

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Key Takeaways: MARISKS reports unknown actors are extorting shipping firms for bitcoin and USDT to bypass the blockade. At least one tanker was hit by Iranian gunfire on April 18 after paying scammers for “safe passage.” Future maritime security remains uncertain as 20,000 seafarers await the outcome of 2026 ceasefire talks. Fraudulent Passage Offers According to the Greek maritime risk management firm MARISKS, unknown actors have been targeting shipping companies with messages promising safe passage and clearance through the Strait of Hormuz. The messages claim to represent Iranian security services…

Bitcoin rally continues as Grayscale calls bull market

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As Bitcoin price continues to march higher towards $80,000, Grayscale researchers believe the asset has likely already formed a market bottom and is entering the early phase of a new bull cycle. Summary Bitcoin price climbed to a 10-week high above $78,000 after U.S. President Donald Trump extended the Iran ceasefire, easing geopolitical tensions. Grayscale Research said on-chain data points to a market bottom, with short-term holders nearing breakeven and sell pressure declining. Bitcoin futures open interest rose 5.6% to $60 billion, signaling increased bullish positioning as traders anticipate further…

David Schwartz defends Arbitrum freeze by citing Bitcoin’s 2010 rollback

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Ripple CTO David Schwartz has defended Arbitrum’s decision to freeze more than 30,000 ETH linked to the recent KelpDAO exploit.  Summary David Schwartz said Arbitrum’s emergency ETH freeze followed the same logic as Bitcoin’s 2010 rollback. The freeze secured 30,766 ETH tied to the KelpDAO exploit without changing Arbitrum’s broader network state. Critics said the Security Council’s intervention raised fresh concerns about centralization and emergency governance powers. He said the move was comparable to Bitcoin’s response to the 2010 value overflow bug, when the network accepted a rollback after an…

Bitcoin rallies past $78K after ceasefire extension, liquidations jump

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Bitcoin rose above $78,000 on Wednesday after renewed easing in Middle East tensions supported risk appetite across digital assets.  Summary Bitcoin climbed above $78,000 after ceasefire news eased tension and pushed traders into risk assets. Roughly 110,000 traders were liquidated in 24 hours, with short positions making up most losses. Strategy bought 34,164 BTC for $2.54 billion, helping support momentum as institutional demand stayed firm. The move came after US President Donald Trump said the ceasefire with Iran would be extended, while market participants also reacted to Strategy’s latest Bitcoin…

Bitcoin Surges Past $78,000 as Trump Extends US-Iran Ceasefire

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Key Takeaways: Bitcoin surged past $78,000 on April 22, 2026, after Trump extended the U.S.-Iran ceasefire indefinitely. The rally triggered $320 million in liquidations and boosted the total crypto market cap to $2.7 trillion. Traders are monitoring the IRGC and port blockades as Tehran decides whether to return to the peace table. Trump Maintains Port Blockade Amid Peace Efforts Bitcoin roared past $78,000 hours after President Donald Trump extended the ceasefire between Iran and the U.S. indefinitely. According to Bitstamp data, the top cryptocurrency peaked at $78,446 around 1:15 a.m.…

U.S. military commander flags Bitcoin’s cybersecurity role in Senate hearing

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A senior U.S. military commander has described Bitcoin as a cybersecurity tool with potential use in national defense. Summary A U.S. military commander said Bitcoin can function as a cybersecurity tool, noting its proof-of-work design raises the cost for potential attackers. Lawmakers examined Bitcoin’s role in national security during a Senate hearing focused on Indo-Pacific threats and cyber risks from state-linked actors. At a Senate Armed Services Committee hearing on Tuesday, Samuel Paparo said Bitcoin’s role goes beyond financial use cases and can support security systems tied to U.S. strategic…

SpaceX and Cursor AI Team up to Build Coding AI, With Option to Buy Startup for $60 Billion – Bitcoin News

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Key Takeaways: SpaceX announced a joint AI coding deal with Cursor AI on April 21, 2026, securing a $60 billion acquisition option. Cursor AI surpassed $1 billion in ARR and serves 67% of Fortune 500 companies, giving SpaceX instant access to elite developer distribution. SpaceX’s Colossus supercomputer, targeting 1 million H100-equivalent GPUs, will train models meant to compete with OpenAI and Anthropic by late 2026. Cursor AI Gives SpaceX Acquisition Option Worth $60 Billion in Compute Partnership The deal pairs Cursor’s AI-native code editor with SpaceX‘s Colossus supercomputer, which is…

Strategy Could Reach 1 Million Bitcoin by Late 2026; River Notes STRC Inflows Dwarf ETF Net Gains

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Key Takeaways: Strategy acquired 34,164 BTC for $2.54 billion on April 20, 2026, bringing total holdings to 815,061 coins. River data shows STRC preferred stock proceeds outpaced all spot Bitcoin ETF net inflows by nearly 10 to 1. At the current daily pace of 774 BTC, Strategy is projected to reach 1,000,000 Bitcoin by December 15, 2026. River Says Strategy’s STRC Financing Outperforms Bitcoin ETFs Ten to One in 2026 The bitcoin treasury company Strategy (Nasdaq: MSTR) disclosed the purchase in an April 20 SEC filing. The 34,164 BTC cost…

Late Gambino Boss John Gotti’s Grandson Sentenced to 15 Months for $1.1M COVID Loan Fraud Tied to Crypto Firm – Bitcoin News

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Key Takeaways: Carmine Agnello, grandson of Gambino boss John Gotti, received a 15-month federal prison sentence on April 20, 2026. Agnello diverted roughly $420,000 of $1.1 million in fraudulent SBA EIDL funds into a cryptocurrency business. U.S. Attorney Joseph Nocella Jr. signaled the Eastern District of New York will continue prosecuting COVID-19 relief fraud cases. Gambino Family Descendant Gets Prison Time for Diverting COVID Funds Into a Crypto Company U.S. District Judge Nusrat J. Choudhury imposed the sentence in federal court in Central Islip, New York. Agnello, 39, of Smithtown,…