It is unlikely that the court case between the Crypto Open Patent Alliance (COPA) and self-proclaimed Bitcoin inventor Craig Wright will result in any blockbuster revelations. But the release of emails from Satoshi Nakamoto, the pseudonymous creator of Bitcoin, provided a surprisingly nuanced history lesson about the heralded cryptocurrency.The latest set of emails sent by the Bitcoin creator between February 5, 2009 and July 12, 2010 were addressed to Martti Malmi, an early Bitcoin contributor, computer scientist and software developer who goes by the nickname Sirius. . Malmi took the stand Wednesday to testify in the COPA v. Wright case.“Sending…
Author: Crypto Flexs
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In today’s cryptocurrency market, Ethereum is struggling with the $3,000 resistance level after an impressive 30% surge in early to mid-February. This rally is rooted in dwindling Ethereum (ETH) supply due to increased demand for staking, decentralized finance (DeFi) applications, and the network’s proof-of-stake burn mechanism. Nonetheless, questions remain as to whether Ethereum can surpass the $3,300 level last seen in March 2022. The potential for a spot Ethereum ETF could push the price higher, especially considering the current supply decline, with a historically low 18,960 ETH in circulation. month. Amid the promising prospects of Ethereum (ETH), two altcoins are…
In recent years, cryptocurrencies have become increasingly popular as a digital form of money. With the emergence of Bitcoin, Ethereum, and other altcoins, the cryptocurrency world has seen exponential growth and innovation. One of the latest additions to this burgeoning industry is SpecCoin. What is SpecCoin? SpecCoin is a unique cryptocurrency that aims to revolutionize the way we think about digital money. Unlike existing cryptocurrencies that rely on blockchain technology, SpecCoin uses a groundbreaking new protocol called Speculative Consensus. The protocol is designed to eliminate the scalability and security issues that plague many existing cryptocurrencies. SpecCoin leverages the power of…
After failing to break previous highs this year, Solana’s price continues to decline. From a high of $118.88, the coin, which currently ranks 5th in the cryptocurrency space with a total supply of 440,961,455 SOL and a market capitalization of $58.2 million, is down over 25% and shows no signs of stopping. At the time of writing, the price of SOL is up 2.76% and trading at $102.63, below its 100-day moving average over the last 24 hours. Meanwhile, on the daily time frame, the price drops a bearish candlestick, indicating that the price is still bearish. Moving average indicators…
Bitcoin mining company Riot Platforms reported a 19% increase in Bitcoin production in 2023, with a total of 6,626 BTC mined. The cost of Bitcoin mining in 2023 averaged $7,539 per Bitcoin after taking into account power credits allocated to self-mining. This is a 33% decrease from the 2022 average of $11,225. Riot Platforms’ sales soar Riot Platforms CEO Jason Les revealed the company’s outstanding performance in 2023, highlighting it as another important milestone in the company’s journey as a vertically integrated Bitcoin (BTC) miner. Les boasted $281 million in total revenue, 6,626 bitcoins produced, and $71 million in power…
“If it grows to consume significant energy, we believe it will still be less wasteful than the labor- and resource-intensive traditional banking activities it will replace,” Satoshi wrote. “The cost is far less than the billions of dollars banks pay in fees for every brick-and-mortar building, skyscraper, and junk mail credit card service.”
Avalanche (AVAX), a prominent layer 1 blockchain and rival to Ethereum (ETH), suffered a network outage that lasted 5 hours. According to Avalanche data tracking platform Avalanche Status, the blockchain suffered an outage that resulted in blocks not being accepted on the underlying network. “Developers across the community are currently investigating block finalization delays where blocks are not accepted on the underlying network. “Updates will be posted here as the matter is investigated.” However, a later update resolved the issue as of Friday morning. According to Patrick O’Grady, Vice President of Platform Engineering at Ava Labs, the issue was resolved…
Looking for a Cardano alternative? Among top cryptocurrencies like Solana (SOL) and Avalanche (AVAX), newcomer BlockDAG Coin (BDAG) presents a promising alternative to Cardano’s ADA. Recently, famous cryptocurrency entrepreneur Dan Gambardello shared his thoughts on the ongoing cryptocurrency craze on X. After seeing enthusiasts of both coins bashing each other on social media, he urged them to stay away from tribalism and keep an open mind. So today, in that spirit, we are looking at the facts and exploring BlockDAG Coin, the latest Cardano alternative that could generate returns of 1000x or more. Gambardello Best Crypto Coins In a recent…
Satoshi Nakamoto’s early collaborator Martii ‘Sirius’ Malmi has revealed his entire email correspondence with the Bitcoin creator.The new email, which has sparked an ongoing lawsuit in the UK, is the most significant addition yet to the canon of what we know about the anonymous creator of Bitcoin. The most important new findings are:Email #1: Satoshi’s Bitcoin Scaling Assumptions When asked how Bitcoin could scale in the future, Satoshi theorized that the network could have up to 100,000 nodes. Here he enters into calculations that evaluate the economics of bandwidth costs for nodes (read: miners) when propagating transactions across the network,…
Kraken filed a motion Thursday to dissolve the Securities and Exchange Commission. November Litigation It accused the cryptocurrency exchange of operating without registration, failing to prevent known conflicts of interest, and commingling customer funds, among other charges.In addition to submitting documents work outkraken said blog post On Thursday, the SEC said the SEC’s argument was flawed because it claimed the cryptocurrency exchange was operating an unlicensed platform for “investment contracts” without identifying the “agreements” between Kraken users and token issuers.“None of the assets sued by the SEC are investment contracts under the law,” the exchange said. “For 80 years, the…