Monthly Archives: November 2021

Discussing The Fake Peer Attack On Bitcoin

Discussing a recent attack on the Bitcoin network, in which some nodes were flooding peers with fake IP addresses. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Bitcoin was under attack! It’s the story the mainstream media won’t tell you! Hosts Aaron van Wirdum and Sjors Provoost finally met in Utrecht again to record “Bitcoin, Explained.” In this episode, they discussed a recent attack on the Bitcoin network, where some nodes were flooding peers with fake IP addresses. “These random […]

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Finance Redefined: ENS airdrops token, and SEC’s Crenshaw speaks on DeFi, Nov. 5–12

Ethereum Name Service issued its native token, an SEC commissioner published a DeFi opinion piece, and Polkadot’s parachains registered billions of dollars — all coming to you in this week’s Finance Redefined. Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. Ethereum Name Service announced a retroactive token airdrop this week to a fanfare of crypto enthusiasts. If you happen to own a .eth domain, read on to discover how you can claim your eligible tokens. What you’re about to read is the smaller version […]

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US SEC Rejects VanEck Spot Bitcoin ETF

The commission released a disapproval letter citing investor protection concerns and the lack of manipulation prevention in the market. The SEC has rejected VanEck’s spot bitcoin ETF proposal. The filer had not demonstrated that its proposal abides by the national requirements for such an offering, the SEC explained in a disapproval letter. It is unclear when the commission would feel comfortable approving a spot BTC ETF in the U.S., but investors can still acquire bitcoin themselves — a better option. The VanEck spot bitcoin exchange-traded fund (ETF) has been […]

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Understanding Taproot In A Simple Way

The highly-anticipated upgrade is set to roll out over the weekend, changing Bitcoin for the better. Understanding exactly what about the Bitcoin network implementing Taproot changes is necessary for understanding why the changes were needed. Taproot is the combination of many Bitcoin Improvement Proposals (BIPs) resulting in a soft fork of Bitcoin’s blockchain. A soft fork is a proposed upgrade that over time is adopted as the only blockchain, meaning the old one will cease to operate once the new one (in this case, Taproot) is fully […]

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Why U.S. Legislators Will Start Creating “Bitcoin-Friendly” States

Discussing recent conversations with Senator Ted Cruz and potential legislation to create “Bitcoin-friendly” U.S. states. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Spotify Libsyn Rumble This week on “Bitcoin Bottom Line,” co-hosts “Bitcoin Ambassador” C.J. Wilson and “Chart Master” Steven McClurg discuss the exciting, active times in the Bitcoin space. Don’t miss the video version of this episode. Wilson shared a behind-the-curtain peek into his recent meetings with Senator Ted Cruz and other key political figures about Bitcoin legislation. Wilson shared that, “There are […]

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Bitcoin Exchange LocalBitcoins Launches iOS App

The peer-to-peer trading platform launched an iOS version of its mobile app three weeks after launching on Android. Bitcoin peer-to-peer (P2P) exchange LocalBitcoins has launched a mobile app for iOS devices, the company said in a statement sent to Bitcoin Magazine. The application seeks to facilitate bitcoin trading as users can use their phones instead of a computer. LocalBitcoins launched an app for Android devices less than a month ago. “During 2020, LocalBitcoins welcomed 1.7 million new customers from 189 countries — most using mobile devices,” shared Jukka Blomberg, […]

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SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K

The SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.” The U.S. Securities and Exchange Commission, or SEC, has officially disapproved asset manager VanEck’s spot Bitcoin exchange-traded fund months after the firm submitted its application. According to a Nov. 12 filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of VanEck’s Bitcoin (BTC) Trust. Specifically, the SEC […]

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13,000 BTC Moved in 20 Months — 2010 Mystery Miner Transfers Another String of 20 Decade-Old Block Rewards

Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. Two days later on November 12, the miner from 2010 returned once again, in order to transfer another string of 20 block rewards from 2010 worth roughly $64 million at the time it was sent. After Transferring 1,000 Bitcoins 2 Days Ago, the Mega-Whale From 2010 Has Returned Again Last year, Bitcoin.com News, the members of […]

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Report suggests BlackRock has ‘no current plans’ to launch crypto ETF as deadline for VanEck’s offering approaches

Senior ETF analyst at Bloomberg Eric Balchunas said he gave the odds of the SEC approving the VanEck fund at less than 1%. BlackRock Financial Management’s global head of iShares and index investments said the financial firm will likely not be launching exchange-traded funds linked to crypto assets anytime soon. According to a Nov. 12 report from Financial News, BlackRock executive Salim Ramji said the firm with $9.5 trillion in assets under management has “no current plans” to launch a cryptocurrency exchange-traded fund, or ETF, until there […]

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Compass Mining Announces New Service For Trading Used ASICs

Compass Mining is launching a sales platform for individual miners where anyone can register as a vendor to buy and sell used ASICs. One of the fastest-growing trends in the bitcoin mining world today is the increasing demand for retail ASICs for home mining, taking Bitcoin full circle from where it all began. While big industrial mining companies like Atlas, Compute North, Hut8, Riot, Bitfarms are consolidating their operations into high-powered mining machines, Compass Mining is pushing the other way, helping individuals who want to be part […]

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