Category Archives: Crypto Daily

Defcon Speaker Discusses Liberating $300K Worth of Bitcoin From an Encrypted File

This year due to the coronavirus outbreak the world-famous hackers’ convention Defcon held it’s 28th annual event with virtual presentations in “safe mode.” One of the presentations was from an executive from Pyrofex, Michael Stay, who discussed how he broke into an encrypted file to liberate $300,000 worth of bitcoin for a Russian investor. Defcon 28 “safe mode” presentations got interesting on August 5, when ex-Google employee Mike Stay told a story about how he rescued $300k worth of bitcoin (BTC) from an encrypted zip file. Stay […]

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Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts

During the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues. Staking validators, decentralized finance (defi) lending services, and interest rate earning accounts provide digital currency holders with the means to make their money work for them. Crypto Earning and Passive Income Crypto assets are an investment in the future of money, and many people have made millions and even billions by simply trading or holding for very long […]

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Billion Dollar Public Company Microstrategy Moves $250 Million Into BTC, Says Bitcoin ‘Superior to Cash’

Nasdaq-listed company Microstrategy Inc. is bullish on bitcoin, saying that it is a “dependable store of value” that is “superior to cash.” The billion-dollar company has purchased $250 million in bitcoin, adopting the cryptocurrency as its primary treasury reserve. Public Company Now Holds Bitcoin as Cash Reserve Microstrategy Inc. (NASDAQ: MSTR), which describes itself as “the largest independent publicly-traded business intelligence company,” rocked the bitcoin community on Tuesday when it announced the adoption of bitcoin as its primary treasury reserve. The company’s market cap is currently about […]

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With Value Approach, Off The Chain Capital Is Changing The Bitcoin Investment Narrative

When viewed from a traditional investing lens, bitcoin may seem like a risky bet. The technology is still relatively new, the price is notoriously volatile and it’s not uncommon to hear investors caution newcomers not to invest more than they can afford to lose in BTC. But the performance of Off The Chain Capital, a digital currency investment firm that focuses on value investing in bitcoin, tells a different story. As one of the best-performing funds in the space, it has shown that reliable performance and BTC […]

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Building on Taproot: Payment Pools Could Be Bitcoin’s Next Layer Two Protocol

This article is about a technological concept based on the proposed Taproot protocol upgrade. If you’re not yet familiar with the basics of how Taproot works, it’s recommended that you first read this explainer. Taproot, a potential upgrade to the Bitcoin protocol first proposed by Bitcoin Core contributor Gregory Maxwell, is in its late stages of development. The technology consists of a clever combination of crypto-tricks that would let users hide complex smart contracts inside regular-looking transactions — the complexity is only ever revealed if parties to […]

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Peru, India, Indonesia, Nigeria Among Countries With Highest Crypto Usage Increase

Peru, India, Indonesia, and Nigeria are among the countries with the biggest increase in crypto wallet creation based on data from Blockchain.com, which has over 52 million wallets created by users worldwide. Nigeria has been the most trending country in recent months, with a 60% increase since April. Trending Countries in Crypto Space Blockchain.com revealed last week the most trending countries based on its web wallet creation. Currently, the total number of unique Blockchain wallets created is more than 52 million. “In July we saw a number […]

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Paytm Freezes Indian Bank Accounts Suspected of Cryptocurrency Trading: Report

India’s largest mobile commerce platform Paytm has reportedly been freezing the bank accounts of users suspected of crypto trading, even though cryptocurrency, including bitcoin, is legal in India. The country still does not have a legal framework for cryptocurrencies but the government says that a crypto bill is “awaiting approval.” Banks Still Block Accounts Over Crypto Activities Paytm Payments Bank, which describes itself as India’s “largest digital bank with over 58 million account holders,” has reportedly been blocking customers’ accounts suspected of trading cryptocurrencies. Paytm is India’s […]

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Chainlink Competitor Band Token Grows 300% in 7 Days Setting New ATH

BAND, the native token of the Band Protocol, has grown by more 300% in just seven days. At the at time of writing, the token traded at $14.50 against the August 3 trading price of $3.86. On August 10, the token also touched a new high of $17.78 while the 24 hours traded volumes were $167.4 million. BAND’s surging price follows a flurry of new partnerships or integration announcements. The flow of positive news about the protocol climaxed with the listing of the token on Houbi August […]

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Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper

The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as much as 547% in the month to August 6, rising from just $1 to $6.47. The fee dropped to $2.73 on August 9, but still represents an increase of about 150% from 30 days earlier. It cost BTC users $6.65 to send a transaction over the blockchain […]

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PSF Token Invokes the First Coin-Age Staking Protocol on Bitcoin Cash

During the last six months, the Simple Ledger Protocol has grown immensely and there’s been 9,604 SLP tokens created since the infrastructure launched. Just recently news.Bitcoin.com reported on mistcoin, the mineable SLP token that can be mined with a CPU. Now software developer Chris Troutner has invoked tokens called PSF, which are the first SLP tokens that leverage UTXO coin-age for staking on Bitcoin Cash. During the first week of July, news.Bitcoin.com reported on the Permissionless Software Foundation (PSF), an organization that aims to “foster the growth […]

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