Bitcoin’s Privacy and Scaling Tech Upgrade ‘Taproot’ Just Took a Big Step Forward

A privacy and scalability upgrade that could turn out to be one of bitcoin’s largest to date has passed a couple of milestones that were little noticed outside technical circles.  On Tuesday, Pieter Wuille, a Bitcoin Core contributor and the brains behind the update known as Taproot submitted a work-in-progress code change to GitHub in … Read more

Paypal Pullout Prompts Pornhub to Add Tether as Payment Option for Its Adult Models

The porn industry is seen by many as a perfect fit for widespread cryptocurrency usage as it suffers from financial censorship far more than most businesses. When Paypal stopped servicing Pornhub models, the company hinted it might turn to digital currency as an alternative and now this has been accomplished with the Tether stablecoin USDT. … Read more

Accused Bitcoin Launderer Vinnik Reportedly Arrives at French Hospital

According to a Facebook post by Alexander Vinnik’s lawyer, Zoe Konstantopoulou, the alleged BTC-e money launderer has successfully been extradited to France.  Social media update In a post on the social media site at UTC 8:10, Konstantopoulou wrote:  “Alexander is at Hotel Dieu Hospital in Paris, as my French colleague informed me, while the Greek … Read more

George Soros to start $1 billion university to fight authoritarianism and climate change

Billionaire George Soros said he will commit $1 billion to start a global university to fight authoritarian governments and climate change, calling them twin challenges that threaten the survival of our civilization. The Open Society University Network will offer an international platform for teaching and research, the 89-year-old said Thursday at the World Economic Forum … Read more

Bitcoin Cash Miner Jiang Zhuoer Answers Infrastructure Funding Questions

On Wednesday, founder Jiang Zhuoer disclosed that five mining operations had plans to donate roughly $6 million in coinbase rewards (depending on market prices) to developers building Bitcoin Cash infrastructure. The news was met with mixed reviews as some of the specifics of the deal were scrutinized and the miner funding subject has been … Read more

Hawaiian Bill Would Let Banks Act as Crypto Custodians

Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets. SB2594, introduced on Jan. 18 with bipartisan backing, would make it legal for Hawaiian banks to hold “digital securities,” “virtual currencies,” “digital consumer assets” and other “open blockchain tokens” for their customers. It would further authorize Hawaiian courts to hear … Read more

Litecoin ‘Digital Silver’ Narrative Is Proven Wrong, New Data Shows

The start of 2020 has seen considerable gains in the cryptocurrency market as a whole. Recently, Bitcoin (BTC) price reached a 2-month record high crossing above the $9,000 mark as well as other cryptocurrencies such as Litecoin (LTC) reaching $62.80 which is the highest price seen since mid-November 2018. Cryptocurrency market weekly overview. Source: Coin360 … Read more

Chainalysis Finds Exchanges Bolstering Security While Hackers Refine Attacks

A Chainalysis report has found an increase in number of exchange hacks in 2019, though less crypto was actually stolen than in previous years. The findings In the report, Chainalysis includes only exchange attacks (excluding wallet providers, payment processors, etc.). The firm includes hacks against technical vulnerabilities, deceptive attacks, like social engineering, and attacks that … Read more