September 2022 / 90 posts found
DARPA Studies Blockchain Vulnerabilities
DARPA engaged cybersecurity research and consulting firm Trail of Bits to examine the fundamental properties of blockchains and the cybersecurity risks associated with them. Trail of bits investigated the extent to which blockchains are truly decentralized. They focused primarily on the two most popular blockchains: Bitcoin and Ethereum. They also investigated proof-of-stake (PoS) blockchains and Byzantine fault tolerant consensus protocols in general. This report provides a high-level summary of results from the academic literature, as well as their novel research on software centrality and the topology of the Bitcoin consensus network. For an excellent academic survey with a deeper technical […]
El Salvador’s Bitcoin experiment ‘resembles’ a government digital currency, says ex-central banker
Bitcoin Andrés Arauz doesn’t fit the bill of a typical former central bank director. Just 37 years old, the Ecuadorian economist and politician is a member of the left-wing Progressive International party and recently joined the privacy infrastructure company Nym as a special adviser—returning to the private sector after coming within a few hundred thousand votes of the Ecuadorian presidency in 2021. While his counterparts at central banks across the world fret over the rise of digital currencies, Arauz has long been an advocate. During the global financial crisis in 2009, he helped design a state-managed digital money system […]
As Bitcoin Loses $19,000, Crypto’s Hopes Rest on the Ethereum Merge
Key Takeaways Bitcoin has slid below $19,000 for the first time since June. The cryptocurrency market has looked rocky for weeks despite a relief rally over the summer. Crypto traders and investors are anticipating Ethereum’s upcoming “Merge” event, but it may not have the immediate impact people have been hoping for. Ethereum’s highly-anticipated “Merge” is set to ship next week, but even that may not be enough to stop Bitcoin and the rest of the crypto market from bleeding. Bitcoin Sends Crypto Market Tumbling As is a tradition in the crypto market, September has got off to a rocky start […]
Is a Bitcoin Bull Run Closer Than We Think?
Bitcoin By Mark Hunter 1 day agoTue Sep 06 2022 07:52:18 Reading Time: 2 minutes A Bitcoin bull run may be closer than we think A chart that has foretold the past two bull runs is flashing ‘buy’ again Are we on the verge of price reversal? With all the talk of imminent economic doom and gloom, you’d be forgiven for thinking that all markets, including crypto, are in for a retraction in line with their huge expansion in recent years. However, all the talk is not necessarily translating into price action, and one long term Bitcoin chart suggests that […]
Investors Continue Buying Bitcoin Dip as Price Drops Below $19,000
The number of BTC wallets holding between one and ten BTC has risen to an all-time high as bitcoin drops below $19K. Bitcoin briefly dipped to a nine-week low of $18,917 on Sep. 6, 2022, triggering a buying spree that saw the number of wallets holding 1-10 BTC surge to over 750K. The previous low was on July 3, 2022, when the price hit $18,780. The number of addresses holding between one and ten bitcoin has been on a steady rise since the BTC price dropped below $50,000 in late Dec. 2021 and early Jan 2022. Source: IntoTheBlock Massive liquidations […]
