Tag: Bitcoin

An 8-year vulnerability affecting Bitcoin signing process identified, over 900 addresses affected

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A new research finding has picked out vulnerabilities in the new class of Bitcoin Elliptic Curve Digital Signature Algorithm (ECDSA) signature that entities have, since 2015, been using to steal funds from unsuspecting users, skimming over 222 bitcoin (BTC) over the years. Weakness in Bitcoin ECDSA signatures exposed The study, whose findings were released on June 9, shows that flaws in custom ECDSA signatures can expose the sender’s private keys and even go a long way in disclosing…

Former Meta, PayPal executive building payment solution on Bitcoin Lightning Network

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied David Marcus, an executive whose past stints include working at Meta, formerly Facebook—a company that is using technology to connect people and bring the metaverse to life; and PayPal, an online payment system, is now building a payment solution that leverages the Bitcoin Lightning Network (LN). Former Meta, PayPal executives building on the Bitcoin Lightning Network In a recent interview, Marcus, who was heavily involved in Facebook’s cryptocurrency project Libra, which was later rebranded to Diem and…

The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

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After a period of relative calm, the United States Securities and Exchange Commission (SEC) kicked off its summer crypto crackdown by targeting two major exchanges, Binance and Coinbase. A total of 13 charges have been filed against Binance. One of the allegations in the suit claims that funds from Binance and Binance.US were commingled into an account controlled by the Changpeng Zhao-associated company, Merit Peak. As for Coinbase, the SEC claims it has been offering unregistered securities and was never registered as a broker, securities exchange or clearing agency. Many…

Texas legislature passes new bitcoin mining laws

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The 88th session of the Texas Legislature has passed a series of bills set to influence the state’s bitcoin mining industry. In the recent 88th legislative session, Texas lawmakers have made strides in legislation impacting local bitcoin miners. Several bills have passed which are set to make the state increasingly appealing to the crypto-mining industry. Lee Bratcher, president of the Texas Blockchain Council, envisions Texas becoming a major hub for digital assets, comparing it to the…

Bitcoin, Ethereum to shake off ‘toothless adversary’ SEC as FOMC looms

Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says. In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH. Related: Why is Bitcoin price stuck? QCP Capital: U.S. crypto “mudslinging” to continue The dust is continuing to settle on this week’s main macro stories — lawsuits against exchanges Binance and Coinbase from the U.S. Securities and Exchange Commission (SEC). More upheaval will come in…

Bitcoin, Ethereum to shake off ‘toothless adversary’ SEC as FOMC looms

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Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says. In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH. Related: Why is Bitcoin price stuck? QCP Capital: U.S. crypto “mudslinging” to continue The dust is continuing to settle on this week’s main macro stories — lawsuits against exchanges Binance and Coinbase from the U.S. Securities and Exchange Commission. More upheaval will come in the future,…

Bitcoin liquidity impacted on Binance US amid SEC suit

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC’s recent lawsuit against Binance US heralds a grim phase for bitcoin liquidity. Amid a flurry of allegations, withdrawals, and an aggressive regulatory stance, we examine the tumultuous unfolding events and their far-reaching implications on the crypto market and investor sentiment. Sitting at the intersection of technology and finance, the crypto market is no stranger to stormy weather. Yet, the recent legal tempest stirred by the (SEC) against Binance US, a subsidiary of the worldwide…

Bitcoin price can gain 60% if ‘textbook’ chart pattern confirms — Trader

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Bitcoin (BTC) may be in line for 60% upside if a long-term chart feature stays intact. In part of his latest analysis on June 8, popular trader Mikybull Crypto flagged encouraging signs on the BTC/USD weekly chart. Weekly Bitcoin price chart keeps $40,000 on the table With Bitcoin still wedged in a narrow trading range it entered almost three months ago, market participants have little to go on when it comes to short-term price targets. Day-to-day performance has offered no decisive trend up or down — and $30,000 remains formidable…