Monthly Archives: November 2021

Solving For Jamming Attacks On The Lightning Network

Jamming attacks on Bitcoin’s Lightning Network, akin to DDoS attacks, haven’t been carried out yet. But mitigation is needed. The below is a direct excerpt of Marty’s Bent Issue #1106: “Jamming attacks on the Lightning Network and proposed solutions.” Sign up for the newsletter here. via BitMEX Research Our good friend Gleb Naumenko dropped an incredible post today dissecting jamming attacks on the Lightning Network and a slew of proposed solutions from a number of developers working on the second layer protocol. A Jamming 101 explanation is […]

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Mythical Games announces $150M raise as the company expands into NFTs

The game developer’s total valuation is now $1.25 Billion, following a successful raise. Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz. Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. Andreessen General Partner Arianna Simpson said in a statement: “Co-Founders John, Jamie, and Rudy have a wealth of experience in the gaming world, and […]

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Colombian exporter developing cryptocurrency to help transport long-horned beetles to Japan

This Colombian beetle exporter once used biotechnology to reduce organic waste. It’s now moving into cryptocurrency development. As reported by Reuters Thursday morning, Tierra Viva (“Alive Earth”), a Colombian exporter of long-horned beetles based in Tunja, has been developing its own cryptocurrency to avoid high commission costs on international sales. According to the outlet, the Hercules, Neptunus, and elephant beetle species exported by Tierra Viva have a retail price of $300 a pair in Tokyo. The beetle species are popular among Japanese schoolchildren and collectors. Carmelo Campos, […]

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“PlugWalkJoe” indicted for $784k cryptocurrency theft scheme

Joseph O’Connor indicted on a raft of wire fraud, computer hacking, money laundering and identify theft counts. Joseph O’Connor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000. In the criminal scheme, authorities believe O’Connor utilized SIM swap attacks (an artifice of fraud where 2FA phone calls and text messages are rerouted to a device controlled […]

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Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar

Since October, Multi-chain compatible DeFi platforms saw record inflows as investors and developers attempted to avoid the Ethereum network due to soaring gas fees. High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction. It’s kind of absurd.”  Fast forward to November 2021 and the simple act of approving a token so that it can be […]

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Miami Mayor To Take His Entire Salary In Bitcoin

Mayor Francis Suarez credited “manipulated central bank currency systems” as the main driver for his move. The mayor of Miami will be taking his entire salary in bitcoin. “I feel very comfortable getting my entire salary in bitcoin,” he said in an interview. Government spending and “manipulated central bank currency systems” drove him to make the bold move. Miami Mayor Francis Suarez will be taking his entire salary in bitcoin, he said in an interview with FOX Business. Suarez explained that he wants to provide the option […]

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Indiana’s Star Bank Launches Bitcoin Trading Services

Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers. The services will be offered through the New York Digital Investment Group and Alkami platform. Customers will have the ability to buy and sell bitcoin via the Star Mobile Banking App. ‘First Bank in the State of Indiana to Offer Bitcoin Trading Services’ Star Financial Bank (Star Bank) announced Tuesday: Star is excited to offer customers the ability to buy and sell bitcoin […]

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Trava Finance Is a Groundbreaking Protocol That Lets You Create Lending Pools to Start a Lending Business

Trava is the next generation of Lending Protocols, employing an innovative model of multiple lending pools created by users. This groundbreaking cross-chain lending development is something you have to check out if you ever wanted to create and manage your own lending pool, starting an online lending business and potentially earn big profits from it. The Trava smart contract is now live on both Binance Smart Chain and Fantom Network. A Decentralized Marketplace for Cross-Chain Lending Trava.Finance is the world’s first decentralised marketplace for cross-chain lending and […]

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Discussing The Future Of Bitcoin ATMs: “Every ATM In The World Can Sell Bitcoin”

Dave Bradley of Bitcoin Brains, Bull Bitcoin and Bitcoin Well discusses the future of Bitcoin ATMs. Watch This Episode On YouTube Listen To This Episode: Apple Spotify Google Libsyn Overcast Audible In this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles was joined by Dave Bradley, the founder of Bitcoin Brains, cofounder of Bull Bitcoin and chief revenue officer at Bitcoin Well. Bradley is a Bitcoin OG and he broke down how he first got into Bitcoin, and then moved into all the things going on […]

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Cointelegraph launches Crypto Biz newsletter

Every Thursday, Crypto Biz gives readers a weekly pulse of the business behind blockchain and cryptocurrency, delivered directly to their mailbox. The cryptocurrency market has matured from a fringe technology experiment to a global asset class valued at over $2.7 trillion. It’s about time we start treating it as a business — and reporting on it as such.  Cointelegraph’s Business Beat has been busy over the past year covering the biggest developments in the blockchain and cryptocurrency industry. Capital raises, high-profile partnerships, mergers and acquisitions, institutional adoption […]

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