US SEC cracks down on $295M BTC Ponzi scheme Trade Coin Club
Trade Coin Club claimed to be using a proprietary trading bot and raised 82,000 BTC worth $295 million at the time from 100,000 investors between 2016 and 2018.
Latest BTC News
Block pins net losses on BTC’s fading consumer demand
Block's gross profits rose 38% to $1.57 billion, but expenses rose by nearly one-half, resulting in a net loss of $18.7 million, significantly worse than the $3 million loss in Q3 2021.
MicroStrategy’s Saylor struck by Lightning, and possibly a blunt object
MicroStrategy's three-month revenue suffered a 2.1% slump from last year as the BTC token, which founder Michael Saylor heavily bet on, found itself in the doldrums following an epic 'crypto' crash.
Answer the question, BTC-ers: What’s the point of ‘non-mining nodes’?
Dr. Craig Wright says non-mining nodes on a blockchain without producing transaction blocks don't have any function, contrary to what BTC proponents claimed to be vital to "decentralization."
Block plots BTC mining, integrates Lightning, abets Blockstream
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.
Joshua Henslee deep dives into BTC’s ironic about face with the Fed in the Messy Times
In his Messy Times guesting, Joshua Henslee bares the negativity surrounding CBDCs, the original Bitcoin protocol on BSV, and how mainstream Bitcoin will destroy firms that overstep their mark.
Merkle Tree and Bitcoin
Bitcoin users commonly do not realize that Merkle Tree, in the context of Bitcoin, is an inherent part of Simplified Payment Verification (SPV).
China’s Tianjin province hikes electricity rates to root out miners
Tianjin is now the eighth province to hike the rates specifically targeting the miners, but they all insist it’s a punishment, not a green light for the miners.
NYDIG quietly laid off a third of its staff in September: report
Sources at NYDIG say the firm, which aimed to introduce BTC to the banking system, burned through the $1b it raised amid leadership shuffles at the top.
SEC shoots down WisdomTree’s BTC spot ETF, cites market manipulation
The U.S. securities regulator previously shot down WisdomTree’s spot ETF application on the same ground, even as Grayscale sues the agency for “discriminatory” ETF rejections.
Despite walk back, PayPal’s latest attempted overreach of power again demonstrates why the world needs Bitcoin
PayPal, an online payments processor and financial services company, set off a media storm on Saturday when it published its acceptable use policy (AUP) update.
Compute North files for Chapter 11 bankruptcy with $500M in debt
Compute North operates data centers for miners, including Marathon Digital and Hive Blockchain, but a $300 million loan has made it the latest bear market casualty.