Arthur Hayes’ ‘sub $50K’ Bitcoin call, Mt. Gox CEO’s new exchange, and more: Hodler’s Digest, Sept. 1 – 7

The wider cryptocurrency market fell under pressure on Oct. 4 as the momentum generated by Bitcoin’s (BTC) weekend spike above $49,000 was overshadowed more global concerns related to the global financial system, rising inflation and supply chain challenges. Despite these struggles, many altcoins managed to rally and at the time of writing, the crypto gaming and…

South Korean exchanges will require users to verify their third-party wallet addresses to help the country comply with FATF travel rule guidelines. 379 Total views 9 Total shares Major South Korean crypto exchanges including Upbit, Bithumb and Korbit will follow Coinone's lead in banning transfers to non-verified wallets, industry analysts say. Yesterday Coinone announced that it…

Authorities in Iran have confiscated about 1,000 units of bitcoin (BTC) mining machines from two now-defunct factories, BBC reported on June 28As reported, local authorities noticed a surge in electricity consumption by 7% earlier in June and linked it to cryptocurrency mining activities. Officials subsequently discovered and removed the mining hardware from two former factories. Arash…

Bitcoin (BTC) outperforms major assets such as gold, real estate and stocks if an investor holds it for just four years, popular data confirms.Highlighting the success of Bitcoin as an investment tool on Jan. 22, veteran cryptographer Nick Szabo noted Bitcoin is so far unmatched compared to many other assets broadly considered profitable. Szabo: BTC hodlers…

Mairead McGuinness said that she planned to discuss a compromise through the MiCA proposal currently under review in the EU. 330 Total views 5 Total shares Mairead McGuinness, the Commissioner for Financial Services, Financial Stability and Capital Markets Union at the European Commission, is moving forward with a discussion on regulating cryptocurrencies amid three major…

The partial dismissal indicates complainants failed to demonstrate that GitHub reproduces human-created code.

Online cryptocurrency paper wallet creator WalletGenerator.net previously ran on code that caused private key/public key pairs to be issued to multiple users. The vulnerability was described in an official blog post by security research Harry Denley of MyCrypto on May 24.According to the post, the bad code was in effect by August 2018, and was…

Despite its recent Phase 0 launch, the fully realized transition to Eth2 could still be years away from completion. 2981 Total views 5 Total shares Ethereum 2.0 launched its Beacon Chain on Tuesday, marking the project's transition to a proof-of-stake, or PoS, mining algorithm. With Phase 0 now in the rearview mirror, the founder and…

Bitcoin has constant bull market backing in the ever-expanding fiat money supply, Arthur Hayes concludes.