The miner was the only one to validate the block, leading to the reward Against all odds, a lone Bitcoin miner has successfully solved a Bitcoin block, earning the entire block reward of 3.125 Bitcoin. At today’s price, that’s around $196,000. Congratulations to miner 365ughTgK9Q7rXXTM7vubqy1awZ2AZJijP for solving the 282nd solo block solved at https://t.co/UWgBvLkDqc with a
The company allegedly provided false information about the scope of its operations In a lawsuit filed by the US Securities and Exchange Commission (SEC), Geosyn Mining and its co-founders have been accused of defrauding investors by falsely claiming the number of crypto mining rigs in their possession while misappropriating customer funds for personal use, resulting
The halving went off without a glitch on April 20 Bitcoin underwent its fourth halving event after the 840,000th block was mined on April 20, reducing mining rewards by 50%. Now, Bitcoin miners started to receive 3.125 BTC per mined block, down from the previous award of 6.25 BTC. Bitcoin halving is an ongoing protocol process that occurs with
Long-time claims of being the man who started the cryptocurrency craze are invalidated BitMEX Research reports that UK Judge James Mellor has ruled that Carl Wright is not the pseudonymous Bitcoin creator Satoshi Nakamoto in his declaration on March 14. Closing arguments in the suit filed by the Crypto Open Patent Alliance (COPA) against Wright
Crypto fans could soon see crypto exchange-traded notes on the London Stock Exchange The London Stock Exchange (LSE) has revealed that it will begin accepting applications for Bitcoin and Ether cryptocurrency exchange-traded notes (ETNs) in the second quarter of 2024. The exchange confirmed on March 11 that applications following guidelines specified in its Crypto ETN
Bitcoin continues to gain traction this year, leading to significant retail activity Bitcoin spot trading volume recorded its biggest day in over a year on March 5, as centralized exchanges reported a combined daily volume of $46.26 billion, meaning that more retail investors have begun purchasing the cryptocurrency. After its recent yearly high, Bitcoin spot
The government is moving cryptocurrency it seized in the wake of the Bitfinex hack The US government has transferred $922 million in Bitcoin from two crypto wallets that maintained the funds seized after the Bitfinex platform was hacked in 2016. The transfers happened on the same day Bitcoin surpassed $60,000 on February 28, the first
Bitcoin’s next halving is coming soon, and over $1 billion has been moved off the exchange Coinbase’s Bitcoin holdings have been reduced to their lowest level in nine years after users transferred a large portion of their holdings from the exchange. A report from CryptoQuant indicates that 18,000 Bitcoin worth nearly $1 billion were moved
The leading cryptocurrencies may be immune to certain malicious attacks It’s no longer possible for nation-states to eliminate the Bitcoin and Ethereum networks via 51% attacks due to the high costs demanded to do so, according to a recent research study by crypto intelligence firm Coin Metrics. A 51% attack is when a malicious actor
An increase in interest and activity has Bitcoin reaching new heights Bitcoin’s market value among its circulating supply exceeded the $1 trillion market after its price surged beyond $51,000. The current distributed Bitcoin supply is 19,627,443 BTC, or 93.46% of its total, which has a hard cap of 21 million. The effect of rising favorable
Craig Wright is in court as he tries to defend his claim that he is Satoshi The long-awaited trial investigating Australian computer scientist Craig Wright’s claim that he is the pseudonymous author of the 2008 Bitcoin manifesto began in a UK high court on Monday, where a judge permitted Wright to add new proof to
Vanguard users are threatening to close their accounts as the company rejects cryptocurrency Asset management firm Vanguard’s decision not to permit purchasing of spot Bitcoin exchange-traded funds (ETF) on its platform has apparently driven some customers away. The Wall Street Journal reported on January 11 that Vanguard says it won’t offer spot Bitcoin ETFs on
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