Author: Dren.H

Content Writer | Researcher | Crypto Enthusiast

A Bitcoin Core developer suggests a patch could end Bitcoin Ordinals, citing exploitation of a data size limit bug. Recently, a Bitcoin Core developer has highlighted a significant issue within the Bitcoin network related to Bitcoin Ordinals. This issue pertains to an exploitation of a vulnerability, which currently allows inscribers to surpass the data size limits set within the system. This revelation has stirred discussions in the cryptocurrency community, especially regarding the potential impact of a forthcoming patch that could alter the current state of Bitcoin Ordinals and BRC-20 tokens. Understanding the Core Issue The heart of the matter lies…

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The first studio demo of Michael Jackson, Big Boy, will be released on blockchain by Anotherblock, revolutionizing music distribution. The blockchain music platform Anotherblock will unveil a rare piece of musical history: Michael Jackson’s first studio demo. Titled “Big Boy (One-Derful Version),” this track marks a significant moment in music, showcasing an eight-year-old Jackson in his debut studio performance. Recorded on July 13, 1967, at One-Derful in Chicago, this demo features Jackson along with his brothers, capturing the raw talent of the future King of Pop at a tender age. After over fifty years, this remarkable recording emerges from obscurity,…

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In 2023, U.S. crypto firms increased lobbying spending to shape regulations and recover from industry scandals and challenges. The crypto sector in the United States is on pace to surpass its previous federal lobbying expenditure record in 2023. This trend emerges as the industry seeks to revamp its image and promote beneficial legislation. Data from the nonprofit research organization OpenSecrets reveals that crypto firms invested approximately $18.96 million in lobbying activities during the initial three quarters of 2023. This figure marks an increase from the $16.1 million spent in the corresponding period of 2022. This hike in lobbying expenditure comes…

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Bybit’s report reveals institutions favored Bitcoin and Ethereum as safe havens amid 2022’s volatile crypto market. In the volatile financial landscape of 2022, Bybit’s latest report sheds light on the shifting dynamics in cryptocurrency investment, particularly focusing on Bitcoin and Ethereum. The exchange’s comprehensive analysis delves into the strategies adopted by various investor groups – institutions, high-net-worth individuals, and retail investors – amidst the market’s volatility, marked by events such as Terra’s downfall and FTX’s dramatic implosion. Institutional Strategies Amidst Market Volatility Institutional investors, as per Bybit’s findings, displayed a strong preference for Bitcoin and Ethereum as safe havens, allocating…

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BlackRock secures $100K for a Bitcoin ETF, innovates in fee structure, and awaits SEC’s likely early 2024 approval. BlackRock, the world’s leading asset management firm, has secured an initial investment of $100K for its Bitcoin exchange-traded fund (ETF). This development, disclosed in a recent filing with the United States Securities and Exchange Commission (SEC), underscores the growing interest of financial powerhouses in the cryptocurrency sector. October 2023 saw an unnamed investor infuse the said amount into BlackRock’s spot Bitcoin ETF, buying 4,000 shares at $25 each. The investor’s role extends beyond mere funding, as they also assume responsibilities as a…

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Thirdweb detects a major security flaw in widely-used smart contracts, prompting urgent mitigation efforts and increased security investments. In a recent development for the Web3 sector, Thirdweb, a key player in smart contract development, has identified a significant security loophole. This flaw potentially jeopardizes numerous smart contracts crafted with a widely-utilized open-source library. The disclosure of this vulnerability by Thirdweb marks a vital moment in the Web3 ecosystem, as it affects a broad range of smart contracts. Vulnerability Details and Impact Thirdweb discovered this security gap on December 4, which could influence several pre-built smart contracts, including some of its…

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The IRS intensifies crypto tax probes, targeting undisclosed holdings and unreported gains, seizing over $10 billion since 2015. The United Internal Revenue Service (IRS) is intensifying its focus on crypto, signaling a growing trend in tax compliance efforts. The Criminal Investigation (CI) Unit, a key component of the IRS, has recently unveiled startling statistics in their latest fiscal year 2023 report. The report highlights a marked increase in investigations into undisclosed crypto holdings and unreported capital gains from crypto transactions. In an era where digital assets are becoming increasingly mainstream, the IRS has shifted gears to keep up with the…

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Coinbase CEO denies plans for a Base token, focusing on enhancing its layer-2 network and advocating for industry consolidation. Coinbase, a leading crypto exchange, has recently made headlines with its CEO Brian Armstrong’s declaration regarding their layer-2 network, Base. Contrary to previous speculations and comments from within the company, Armstrong has firmly stated that Coinbase does not intend to introduce a native token for Base. This statement comes as a surprise to many, considering the earlier hint by Coinbase’s Chief Legal Officer, Paul Grewal, about the possibility of a token launch in the future. Future Plans Coinbase’s layer-2 network, Base,…

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Lugano, Switzerland now accepts Bitcoin and Tether for tax payments, expanding its cryptocurrency integration. Recently, the Swiss city of Lugano has embraced cryptocurrency, enabling its residents and businesses to use Bitcoin and Tether for paying taxes and various community charges. This initiative marks a significant step in the city’s efforts to integrate digital currencies into its financial system. Lugano, recognized for its progressive stance on financial technologies, has expanded its cryptocurrency adoption by allowing payments for municipal services and taxes using digital currencies. Additionally, the city’s administration, as of December 5th, has implemented a system that facilitates cryptocurrency transactions for…

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Bitcoin investments of El Salvador turn to profit, reaching $131 million with a $3.6 million gain amidst market recovery. In a recent turnaround, the venture of El Salvador into Bitcoin has yielded profit, marking a significant recovery from the recent downturn in the cryptocurrency market. The nation’s total Bitcoin holdings are now valued at $131 million, achieving a net gain of $3.6 million, equivalent to a 2.84% increase. This positive shift comes despite the previous challenges faced during the cryptocurrency bear market. Former President Nayib Bukele, who recently stepped down to focus on his 2024 reelection campaign, initiated El Salvador’s…

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