Get the most productive forbes cryptocurrency and blockchain stories in your inbox every week to get the latest news about bitcoin, other major cryptocurrencies and blockchain adoption in business.
Bitcoin resumed a national news cycle Wednesday night when scammers hacked the bills to dozens, adding Bill Gates, Jeff Bezos, Joe Biden and Barack Obama. They posted fraudulent gifts of bitcoin and encouraged users to send more than $100,000 to their addresses.
“We are fortunate that attackers are attacking bitcoin (motivated by money) and motivated by chaos and destruction,” said Rachel Tobac, CNBC’s director of cybersecurity.
With Twitter reeling from unprecedented piracy, the Revolution Populi blockchain-based platform is preparing to be introduced soon to challenge existing social media giants. He plans to use blockchain to give users more of their knowledge and will use wise chainlink contracts to praise users for their activity: the chainlink token is booming again, one hundred percent last month and 1000% since May 2019.
Institutional demand for bitcoins is increasing, while crypto asset manager Grayscale reported record entries of $906 million in the quarter, however, the value of the world’s largest cryptocurrency has not yet been significantly replaced. There are more rumors about the ether, which has almost doubled since the beginning of the year and has noticed that its number of active addresses accumulates up to 118%, compared to 49% of Bitcoin.
Driven by a decentralized finance (DeFi) boom, the Ethereum blockchain serves as a key component of applications for stablecoins and the new decentralized lending market Compound. DeFi may even be helping to prop up bitcoin to a lesser extent, with $241 million of bitcoin currently locked in DeFi applications.
A network of beaches in El Salvador, driven by a six-figure donation from an anonymous bitcoin investor on the condition that it is not charged, seems like a wonderful experiment. Residents use Bitcoin to pay for anything from groceries to physical materials and utilities. Michael Peterson, the director of the Bitcoin Beach initiative, also manages and increases the budget for a missionary organization in El Salvador called Missionsake, and argues that Bitcoin Beach is not religious.
Amiti Uttarwar, daughter of Indian immigrants and St. Joseph in central Silicon Valley, is the first female developer of Bitcoin Core. Uttarwar graduated from Carnegie Mellon and eventually went to Coinbase, where he developed a hobby for cryptography. Last year, it was accepted into its pioneering new role that brings it as close as possible to the atomic point of the protocol underlying Bitcoin.
“I think tens of millions of other people will use this in the coming years, and it only takes a little bit of capital,” says Jack Mallers, the founder of 26-year-old Zap.
After the Twitter hack, we want an Internet owned by users more than ever [CoinDesk]
Twitter hackers go with Bitcoin wallet cash transfers [Bloomberg]
When the printer switches to Brrrrr, Wall St loses its concern about Bitcoin [Cointelegraph]
Covering the most important news in crypto and blockchain. Sign up to get Crypto Confidential delivered to your inbox every Friday: http://bit.ly/2T7SAOr
Covering the maximum vital news of crypto and blockchain. Sign up for Crypto Confidential in your inbox every Friday: http://bit.ly/2T7SAOr