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Posts Tagged ‘BITCOINS’

Bitcoin’s Smallest Unit ‘Satoshi’ Gets Added To Oxford Dictionary

It’s official – Satoshi, the smallest divisible unit of bitcoin, is now an English word. While it has been used for years among the crypto community, the Oxford English Dictionary (OED) added the term earlier this month. Now It’s Satoshi’s Turn to Refresh English Language The crypto community requires new words to explain different aspects…

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Bitcoin’s LN Developer Discloses the Network’s Vulnerability

Bitcoin’s (BTC) Lightning Network (LN) developer Rusty Russel has published the full disclosure of the network’s vulnerability discovered in August, accompanied by a solution. Russel pointed out that the vulnerability appeared while opening funding channels. The described process does not require that receivers check if a transaction is the one promised by the funder in…

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A Dangerous Bug in Bitcoin’s Lightning Network Has Been Fixed

A popular payments network running atop the bitcoin blockchain suffered from a long-standing code vulnerability – one where attackers could drain users’ of their money. While initially flagged to the public on Aug. 30 by bitcoin developer Rusty Russell, the full disclosure detailing how this vulnerability could be exploited by an attacker was released Friday.…

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The Upside of Bitcoin’s Upside (It’s Not What You Think)

Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. The rally last week in cryptocurrency prices sent tremors of excitement through the mainstream press…

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3 Reasons Why Trump is (Unknowingly) Bitcoin’s Biggest Champion

Trump and other world leaders have been named and shamed in the recent Fitch ratings report. Slowing global economic growth coupled with governments’ relentless interventions are eroding central banks’ independence around the world. 1. Trump Makes the Fed Look Stupidly Un-Independent Ever since his presidency began, Trump has been on a mission to gain greater…

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Bitcoin’s Key Indicator Flashing Bullish Again, Mirroring Pre-5K Breakout

The return of a previously well-known phenomenon to Bitcoin this week continues to excite traders as Bitcoin price pushes above $5250. Return Of The ‘Kimchi Premium’ Spotted online by social media traders, the so-called ‘Kimchi Premium’ – a surcharge on the Bitcoin price specifically impacting South Korean investors – is making a comeback on local…

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The Media’s Cringeworthy Coverage of Bitcoin’s Latest Price Surge

Mainstream news coverage of cryptocurrency is often disingenuous or factually incorrect – that’s certainly no surprise given the nascent technology is widely misunderstood. But if one would have thought that recent milestones – bitcoin’s 10th anniversary, the arrival of crypto projects from the likes of JP Morgan and Facebook – would have encouraged the media to…

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10 Passes to Go: Bitcoin’s Lightning Torch Will Soon Burn Out

Bitcoin’s lightning torch will soon burn out, putting an end to a global payments experiment that has seen participation from hundreds of recipients, from tech luminaries like Twitter CEO Jack Dorsey to users in countries cut off from parts of the world by economic sanctions. Users taking part in the venture have been showing the power…

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