South Korea: Authorities arrest 25 Kimchi premium traders
Police in South Korea said the 25 processed $72,000 in illegal BTC trades throughout 2021 on OTC trading platforms, violating the country’s foreign exchange laws.
Latest BTC News
US agencies answer Biden’s call for digital currency regulations
Neither the DCCPA nor its rival, the Responsible Financial Innovation Act, are expected to receive Senate floor votes before Congress adjourns for the mid-term election cycle.
The BTC Lightning Torch—A failed experiment started by Magnus Hodlonaut Granath
As the Granath v Wright trial goes on, BTC supporters will likely continue to see that the towering figure they have rallied behind is nothing but a technically illiterate cyber troll.
US Treasury issues sanctions against 10 malware-linked Iranians, targets BTC addresses
The Treasury claimed that the group has been targeting American institutions since 2020 with malware including APT 35, and linked it to Iran’s government.
Mt. Gox creditors still don’t know when (and if) they will get their money back
Mt. Gox trustee failed to set a date for repayment but gave creditors until September 15 to transfer claims—those who bought these claims could make 10x in ROI.
BSV blockchain tops 35 million transactions in a day, fees still $0.0001
BSV's transaction volume peaked at over 33.5 million transactions in a 24-hour period this week. And at the time of writing, the average transaction fee is around 0.000003 BSV, or US$0.00015.
Mt. Gox creditors have until September 15 for transfer claims
In the latest update, the Mt. Gox trustee told creditors that after September 15, he will “cease accepting applications for claim transfer procedures.”
The unsecure Lightning Network as BTC’s layer 2 scaling protocol
Bitcoin mining nodes operate using PoW and Bitcoin consensus, making it hard for major mining nodes to be anonymous, while Lightning Network is an entirely unblockchain no-proof-of-anything network.
More on L2 solutions
Layer 2 solutions are not useless in principle, and Rollups themselves can be useful, when used with a blockchain capable of serving as a scalable global base layer.
Lightning Network requiem
A paper by researchers at the University of Illinois revealed two major attack vulnerabilities in the Lightning Network system, which could be used to lock users from their money or steal funds.
NASDAQ-listed Eqonex to exit ‘crowded crypto exchange space’ and focus on custody
Eqonex launched in 2020, catering to exchanging, asset management, and custody, but now says it can’t compete in the exchange business.
CFTC charges Ohio man who allegedly solicited $12M in BTC investment scam
Rathnakishore Giri posed as an expert trader and lured over 150 investors to commit fiat and BTC, then used the money for lavish lifestyle, according to the Commodity Futures Trading Commission.