A UK Judge is freezing $7.6 million worth of computer scientist Crag Wright’s assets after he was ruled to not be Satoshi, the pseudonymous creator of Bitcoin (BTC). New court documents reveal that the judge has ordered a worldwide freeze of over £6 million worth of Wright’s assets as a means of preventing him from […]
The post UK Judge Freezes $7,600,000 of Craig Wright’s Assets After Ruling That He Is Not the Founder of Bitcoin appeared first on The Daily Hodl.
A UK Judge is ruling that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the anonymous creator of Bitcoin (BTC), nor is he the author of the BTC White Paper. According to BitMEX Research, the Cryptocurrency Open Patent Alliance (COPA) – a nonprofit crypto advocacy group – recently won its case against Wright, who […]
The post UK Judge Rules Craig Wright Is Neither Bitcoin Creator Satoshi Nakamoto nor the BTC White Paper Author appeared first on The Daily Hodl.
As of Sunday, March 3, 2024, bitcoin’s value persists in the $60,000 per unit vicinity, signaling the fifth instance this year that its price has sustained above this level. Naturally, as bitcoin’s value escalates, its duration above such thresholds shortens when contrasted with past significant milestones such as $30,000, $40,000, and $50,000. Bitcoin’s Price Discovery […]
Newly released emails from Satoshi Nakamoto from as early as May 2009 show that the Bitcoin (BTC) creator has long been concerned about the debasement of fiat currencies by central banks. The slew of emails was released by early Bitcoin contributor Martti Malmi who said that he wasn’t comfortable sharing his private correspondence with Satoshi […]
The post Newly Revealed Emails of Satoshi Revealed, Bitcoin Creator Says Fiat Currencies Breach People’s Trust appeared first on The Daily Hodl.
Bitcoin (BTC) network fees are seeing a massive surge in November as demand for ordinals floods the leading blockchain. Data from CryptoFees.info finds that BTC’s transaction fees skyrocketed from $779,549 at the start of the month to a peak of $11.63 million on November 17th, an increase of 1,391%. The number has slightly retraced and […]
The post Bitcoin Network Fees Skyrocket Nearly 1,400% in November As Ordinals Inscriptions Dominate Top Blockchain appeared first on The Daily Hodl.
Ordinals are still dominating Bitcoin’s (BTC) blockchain, with the majority of transactions on the network involving them, despite a large price decline. Bitcoin ordinals allow users to inscribe digital assets such as images and videos to a single satoshi, or an individual unit of BTC, to create the equivalent non-fungible tokens (NFTs) on the crypto […]
The post Vast Majority of Bitcoin Transactions Involve Ordinals, Despite Large Volume Decline appeared first on The Daily Hodl.
Fans of the Bitcoin bull have been transferring him 21 Satoshis as a way to test out the feature.
The Bitcoin (BTC) Lightning Network has integrated into the corporate email address of Michael Saylor, a Bitcoin bull and co-founder of business intelligence software firm MicroStrategy.
In an April 17 tweet, the former chief executive of the firm shared a screenshot with his 3 million Twitter followers of a few transactions sent to “saylor@microstrategy.com” from others in the form of Satoshis or “Sats” — the smallest denomination of Bitcoin.
So @MicroStrategy converted my corporate email address into a #Lightning⚡️ address and people keep sending me 21 sats... pic.twitter.com/FHde6RtA6N
— Michael Saylor⚡️ (@saylor) April 17, 2023
MicroStrategy’s integration is enabled by the Lightning Address protocol, which allows users to link an “Internet Identifier” like an email address rather than having to copy wallet addresses or use QR codes.
It is unclear if MicroStrategy integrated the feature into all corporate emails at the firm.
The Lightning Network is a popular Bitcoin layer 2 scaling solution, which is capable of processing 1 million transactions per second (TPS) for a base fee of 1 Satoshi, or around four cents.
Integrating payment systems and upgrading business models based on #Bitcoin & #Lightning⚡️ is a great way to reduce dependence on Big Tech, Big Banking, and Big Advertising. Lightning is an open, ethical, scalable way to move money everywhere on earth, without gatekeepers.
— Michael Saylor⚡️ (@saylor) November 29, 2022
Saylor, who now serves as executive chairman at the firm, has been the mastermind behind MicroStrategy’s Bitcoin investment strategy that aims to strengthen the firm’s balance sheet.
Related: Coinbase CEO says Bitcoin Lightning is 'something we’ll integrate'
MicroStrategy has spent $4.17 billion to accumulate 140,000 BTC since the company began buying in March 2021. The firm’s average purchase price is $29,800 according to data from Buy Bitcoin Worldwide.
With the price of Bitcoin currently sitting at $29,400, MicroStrategy is down a mere 1.3% on its total investment.
However, the firm was in the green again for a short period of time last week when Bitcoin broke through the $30,000 mark.
Cointelegraph contacted MicroStrategy for comment on its plans to integrate the Lightning Network in more of its corporate email addresses but did not receive an immediate response.
Magazine: Bitcoin in Senegal: Why is this African country using BTC?
Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers […]
According to the P2P Foundation forum, the mysterious creator of Bitcoin, Satoshi Nakamoto, has ostensibly turned 48 today on April 5, 2023. More than 14 years ago, Nakamoto introduced Bitcoin to the forum members, noting that the inventor “developed a new open-source P2P e-cash system called Bitcoin.” The Significance of April 5 in the History […]
Yuga Labs, the creators of the blue-chip non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC), announced that the team has completed its Ordinal Inscription auction with a total of 3,246 bidders. The Twelvefold collection of inscriptions generated 735.7 bitcoin, worth more than $16 million. The highest bid was 7.1159 bitcoin, equivalent to $160,000. Individuals […]