English

NewsBriefs - Bitcoin.org reinstates Bitcoin whitepaper after legal battle with Craig Wright

Editor-curated news, summarized by AI

  • Bitcoin Sistemi

    Bitcoin.org reinstates Bitcoin whitepaper after legal battle with Craig Wright

    The Bitcoin whitepaper has been restored on the Bitcoin.org website following a legal dispute involving Craig Wright, who falsely claimed to be the creator of Bitcoin known as Satoshi Nakamoto. Wright had initially forced the removal of the document from the site citing copyright infringement. However, his claim was discredited, and despite winning a default lawsuit due to non-appearance by the defendant Cøbra, the document is now publicly accessible again.

    Bitcoin Sistemi

    • Latest

    • CoinDesk

      Crypto market experiences broad selloff with significant declines in altcoins

      A significant downturn hit the crypto market, with Bitcoin and other major tokens witnessing sharp declines. Bitcoin dropped to just above $95,000, a 5% decrease, while Ether fell by 10%. The broader CoinDesk 20 Index reported an over 8% decline, notably impacted by approximately 20% drops in Cardano, Avalanche, and XRP. The market's tumult resulted in over $750 million in leveraged derivatives positions being liquidated, indicating a high volume of bullish bets were wiped out. This market behavior signals a potentially brief consolidation phase before a possible rebound, necessitating strategic trading adjustments.

      Expand
      CoinDesk

    • Cointelegraph

      Ripple CEO criticizes 60 Minutes for omitting key XRP ruling

      Brad Garlinghouse, CEO of Ripple Labs, criticized 60 Minutes for excluding critical details about a federal judge's decision that XRP is not a security, in their segment on Ripple's involvement in the 2024 US elections. The segment, which aired on December 8, focused on Ripple's funding of Fairshake, a political action committee supporting pro-crypto candidates, and the ongoing SEC lawsuit regarding XRP as an unregistered security. Garlinghouse highlighted the omission as misleading because it ignored the judge's favorable July ruling for Ripple.

      Expand
      Cointelegraph

    • The Block

      CoinShares reports record $3.85 billion inflow into crypto investment products

      Crypto investment products experienced a record-breaking week with inflows of over $3.85 billion, mainly led by the US, as reported by CoinShares. The funds currently boast a total of $41 billion in net inflows year-to-date, with assets under management reaching a new high of over $165 billion. Bitcoin commanded the largest share of these inflows, contributing $2.5 billion, while Ethereum also saw record inflows of $1.2 billion. Notably, Solana experienced its second week of outflows.

      Expand
      The Block

    • The Block

      Total stablecoin market cap exceeds $200 billion as DeFi lending yields surge

      The total market capitalization of stablecoins has surpassed $200 billion, indicating a 13% increase in the past month, driven by investors seeking high yields on decentralized finance (DeFi) platforms. This surge is attributed to elevated lending rates offered by DeFi protocols such as Aave and Compound, with stablecoin borrowing and lending rates reaching 10-20% annualized. Additionally, the total value locked in lending protocols has peaked at $54 billion, highlighting the growing investor interest in accessing higher yields through onchain activities.

      Expand

    • Cointelegraph

      Radiant Capital confirms North Korea orchestrated $50M DeFi platform hack

      Radiant Capital's DeFi platform was hacked in October, leading to a $50 million loss through malware delivered via a Telegram message from a North Korea-aligned hacker impersonating an ex-contractor. Cybersecurity firm Mandiant attributes the attack to a DPRK-nexus threat actor. The malware, concealed within a ZIP file purportedly from a trusted source, compromised multiple developer devices and manipulated transactions undetected.

      Expand
      Cointelegraph

    • The Block

      UK top financial regulator warns against unauthorized Solana-based memecoin launchpad Pump.fun

      The UK Financial Conduct Authority (FCA) has issued a warning about Solana-based memecoin launchpad Pump.fun, stating that it is not authorized to operate in the UK and may be targeting local consumers. The FCA advised the public to avoid dealing with Pump.fun, highlighting potential risks and scams. This situation could affect UK customers as they may lack certain financial protections and might not recover funds if issues occur.

      Expand
      The Block

    • The Block

      Altcoins show resilience and potential decoupling from Bitcoin amid market volatility

      Major altcoins like Ethereum and Solana have demonstrated stability and minor retracements despite Bitcoin's significant volatility, which included a drop from over $103,000 to below $92,000. According to Bitwise's André Dragosch, there is evidence of a growing decoupling between Bitcoin and altcoins, marked by reduced performance correlations and a variety of investment narratives, particularly since the US election. Additionally, record inflows into crypto exchange-traded products underscore increasing investor interest in altcoins.

      Expand

    • GlobeNewswire

      Bitcoin miner BitFuFu reports holding 1,643 BTC and an 84 BTC self-mining output for November 2024

      In November 2024, BitFuFu Inc. reported holding 1,643 BTC and producing 84 BTC through self-mining operations. The company also announced a net cash position of $98 million as of November 30, 2024, and plans to add 1 GW of mining capacity by the end of 2026. BitFuFu secured a $100 million credit line from Antpool Technologies and has expanded its mining fleet by 13,300 miners, increasing its total mining capability by roughly 2.4 EH/s.

      Expand
      GlobeNewswire

    • Arkham Intelligence

      Mt. Gox transfers over $350 million in Bitcoin amid price fluctuations

      Mt. Gox has executed two significant Bitcoin transactions totaling over $350 million. The first transaction moved 3,493 BTC to a new wallet, and the second transferred 126,577 BTC to another address. This activity follows a recent $2.8 billion Bitcoin transfer by Mt. Gox and comes after Bitcoin's price exceeded $100,000. The transactions are part of Mt. Gox's ongoing handling of funds, which is often speculated to involve paying off creditors, although only a portion of the transferred Bitcoin is expected to enter the market.

      Expand
      Arkham Intelligence

    • FT

      Financial Times apologizes for years of negative Bitcoin coverage after price hits $100K

      FT Alphaville has issued an apology acknowledging its long-standing skepticism towards bitcoin, despite consistent critical coverage. This comes after bitcoin's price recently exceeded $100,000, leading to significant reader backlash. The editorial team reiterated that their past articles, which depicted bitcoin as inefficient and questioned its intrinsic worth, remain defended. However, they expressed regret for any influence their skeptical views may have had on readers' financial decisions.

      Expand
      FT

    • The Block

      Base takes on Solana as memecoins spark debates over utility and longevity

      At The Block's Emergence conference, experts explored the future of memecoins, debating their utility and long-term potential. Solana continues to dominate, accounting for over 92% of new tokens in November, but Base is emerging as a challenger with innovative AI tools like Clanker driving token creation and activity. While Base’s rapid growth in total value locked signals potential, experts noted it still lacks the robust ecosystem Solana offers. Despite differing views on utility, the panel agreed that memecoins will remain a key feature of the evolving crypto landscape.

      Expand
      The Block

    • Nayib Bukele

      Elon Musk impressed by El Salvador’s over $300 million unrealized profit in Bitcoin

      El Salvador's Bitcoin investment has accrued over $300 million in unrealized profits as the crypto's value exceeded $100,000 per token. This significant gain corresponds with an increase in the country's Bitcoin holdings to around $603 million from an initial investment of approximately $269.7 million. Despite global financial advisories' skepticism, President Nayib Bukele continues to bolster Bitcoin's role in the national economy through various initiatives, including volcanic mining ventures and public training programs. Elon Musk and the broader crypto community have lauded the country's financial gains, showcasing substantial support for El Salvador's progressive crypto strategies.

      Expand
      Nayib Bukele

    • Cointelegraph

      Altcoins surge 250% in a month, but rising funding rates signal caution ahead

      A significant rally in selected altcoins, such as HBAR, XLM, XRP, ALGO, and ADA, which saw gains over 250% in 30 days, has elevated funding rates for perpetual futures to between 4% and 6% per month. This surge in funding rates reflects increased leverage usage, making current price levels potentially vulnerable to sharp corrections. While high funding rates might indicate optimism and further growth potential for altcoins, they also heighten the risk for traders, contrasting with the more moderate leverage observed in major crypto tokens like BTC and ETH.

      Expand
      Cointelegraph

    • The Block

      Hyperliquid's HYPE token value soars over 200% post-launch, topping $12 billion FDV

      Since its launch on November 29, Hyperliquid's HYPE token has increased by over 200%, reaching a current price of $12.11 and a fully diluted valuation exceeding $12 billion. The decentralized perpetual trading platform and Layer 1 blockchain, Hyperliquid, has seen its token gain 30% in value in the last 24 hours alone, with a trading volume surpassing $258 million. The positive performance aligns with a broader adoption and preference for decentralized exchanges over centralized ones.

      Expand
      The Block

    • The Block

      US government transfers $33 million in seized crypto from FTX to unknown addresses

      The US government has relocated approximately $33.6 million in crypto, previously seized from FTX and Alameda, to two unidentified addresses. The transaction involved multiple transfers, including over 5,024 ether and assorted tokens like BUSD, SHIB, and others. These movements coincide with a market-wide crypto rally and an increase in Ethereum's onchain volume.

      Expand