BTC

Working with the US department of homeland security, the Australian Police Force has arrested three men with ties to an ongoing statewide case of money laundering and drug importation using cryptocurrencies. Detainees Found With Cash and Narcotics As shown by a video released following the arrest, authorities arrested one of the 3 men, aged 34, on the fly. Using unmarked vehicles officers came up to a black car which they then searched. The video depicts the officers recovering a parcel…

Terra bought yet another $176 million worth of BTCs. The foundation’s BTC stash is just short of 2 billion dollars, as it closes in on its target of $10 billion. Terraform Labs, the development firm behind Terra (LUNA), made its recent purchase over the weekend, according to a tweet by crypto researcher Pompliano. CEO Do Kwon first shared news on Wednesday that the foundation had purchased about $230 million in BTC. Barely half a week later, the foundation made yet…

After weeks of liquidating over $336 million of its Bitcoin holdings, the third richest crypto wallet is back on the market. The non-exchange wallet, whose value only comes behind the wallets controlled by Binance and Bitfinex, acquired 3,241 Bitcoins on April 5th.    Valued at around $145 million, the acquisition happened in two phases. The mystery whale initially purchased 289 Bitcoins, before making an additional purchase of 2,952 Bitcoins. This purchase comes after major sell-offs from the wallet in recent weeks. …

In a recent SEC filing, MicroStrategy stated that it purchased over 4,000 Bitcoin ($BTC) between February 15 and April 4th for $190.5 million. The company used its subsidiary, MacroStrategy LLC, to buy this impressive amount of cryptocurrencies. What does this decision imply for the company led by Michael Saylor? And what should we expect from the future? A Quick Introduction to MicroStrategy and Michael Saylor As a provider of business intelligence (BI), mobile software, and cloud-based services, MicroStrategy Incorporated first…

The 19 millionth Bitcoin has officially been mined from the premiere blockchain network. That leaves only 2 million left to enter circulation. Bitcoin’s price is $46,467 at the time of writing, leaving its market cap (value of all Bitcoin combined) at $882,917,060,274. Block 730002 was mined at 16:21:29 UTC earlier today, according to mempool. It featured a reward of 6.32 Bitcoin for the winner – 6.25 of which was part of the block subsidy. The other 0.07 was from transaction…

The Russian invasion of Ukraine enters its second week, and the financial markets worldwide are still reeling from the shock. Meanwhile, the crypto market has seen immense volatility, with most assets moving from green to red and back again. According to an expert analyst from Bloomberg, it's the ideal time to invest in Bitcoin. Bitcoin’s Rollercoaster Ride Last week, when news of war in Ukraine broke out, all financial markets plummeted. The crypto market did not make an exception, and…

A live recording of the ongoing protest against Canadian Corona protocols caught a Canadian trucker benefiting from a crypto fundraiser.  Donors are turning to non-custodian crypto exchanges to fund the ongoing trucker protests.   Amidst the recent events in Canada, a moment of joy prevailed when a Canadian trucker received $8000 in Bitcoin out of the +$900,000 raised for the Freedom Convoy 2022 campaign. A witness revealed how the incident unfolded play-by-play. According to Tim Pastoor, the trucker received an…

Bitcoin’s prolonged stability and global adoption are not only beneficial, but necessary for free societies to thrive. (Article inspired by @max_gagliardi’s thread on Twitter.)    The Bitcoin community is one of the most passionate, idealistic, and driven groups of people on the internet. Besides a love for Bitcoin’s capabilities and ethics, most are overwhelmingly optimistic that it will eventually bloom to total fruition. The enthusiasm is hardly unwarranted. Bitcoin’s price has roughly doubled every year since 2013. Major corporations are…

How to evaluate the security of a cryptocurrency? One could easily claim that secure cryptos must run on a secure blockchain. However, this theoretical statement can have complex applications in the real world. One way to look at the matter is by connecting security to validation. Every blockchain must have a suitable transaction validation mechanism. When it comes to blockchain validation, we generally mention nodes. Today we will talk about Bitcoin nodes. The article aims to explain a very technical…