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In this edition of the weekly recap, two solo miners independently secured block rewards worth approximately $300,000 each, a social engineering attack resulted in $282 million in stolen cryptocurrency, and Strategy announced its largest Bitcoin purchase. Independent miners achieve improbable… Original
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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…
Top Stories of The Week Michael Saylor pushes back on criticism of Bitcoin treasury companies Strategy chairman Michael Saylor defended Bitcoin treasury companies against criticism during a recent appearance on the What Bitcoin Did podcast.ย Responding to questions about smaller companies that issue equity or debt to buy Bitcoin, Saylor said the decision ultimately comes down to capital allocation, arguing that companies with excess cash are better off allocating it to Bitcoin than holding it in treasuries or returning it to shareholders. He compared corporate treasury strategies to individual investing,…
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Progress is being made toward establishing a Bitcoin (BTC) strategic reserve in the United States, but โobscureโ legal provisions are holding up the process, according to Patrick Witt, the director of the White House Crypto Council.ย Several government agencies are discussing the legalities and regulatory issues of establishing a Bitcoin strategic reserve, including the Department of Justice (DOJ) and the Office of Legal Counsel (OLC), Witt told the Crypto in America podcast. He said: โIt seems straightforward, but then you get into some obscure legal provisions, and why this agency…
With bitcoin hovering tantalizingly near the $100,000 mark, long-silent, old-school bitcoin wallets are suddenly stirring, reappearing with a noticeable uptick in activity. On Jan. 16, two wallets dating back to 2016 sprang to life, moving 1,087 BTCโvalued at more than $103 millionโfor the first time in 9 years and 9 months. From Cold Storage to […] Original
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