Bitcoin org goes offline after suffering scam attack cointelegraph.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cointelegraph.com Daily Mail and Mail on Sunday newspapers.
Bitcoin Core Dev: Miners Upgrading Network is Attack on Bitcoin
Bitcoin core developer Luke Dashjr has proposed an alternative way to activate Taproot. But critics say he is putting the network at risk.
In brief
But one well-known Bitcoin developer wants the community to roll with his suggestion.
A programme that activates a major privacy upgrade for Bitcoin is primed and ready. But it has reignited a debate about who s allowed to press the launch button: the miners that process Bitcoin blocks or the node operators that validate transactions.
The privacy upgrade, called Taproot, makes it harder to distinguish between different Bitcoin transactions, such as multi-signature transactions or opening payment channels on the Lightning Network.
It’s hard to imagine a worse scenario than the one left behind by former Treasury Secretary Steven Mnuchin.
The draconian regulatory proposals were Mnuchin’s own personal vendetta, according to Bitcoin veterans like Square Crypto developer Matt Corallo and Coin Center director Jerry Brito, and it’s too soon to say whether incoming Treasury Secretary Janet Yellen will approve the proposed know-your-customer standards or reject them.
Given the chaos created by the Trump administration, bitcoin fans are anxiously optimistic about how regulators will approach the cryptocurrency space during President Joe Biden’s administration.
“Mnuchin at the very end had an alarmist view about the illicit use of cryptocurrency that wasn’t shared by law enforcement and intelligence agencies. It doesn’t seem that Janet Yellen has that same view,” Brito said. “Her view seems to be very standard.”
Square Crypto Funds Bitcoin Developer to Improve Mining Pool Software yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
United States accumulates $2.2 billion in seized Bitcoin (BTC)
U.S. government seizes 69,370 Bitcoin (BTC) in the last two months.
A period of 60 days has been granted to introduce claims for the BTC taken by the authorities.
BitGo receives sanctions from the U.S. Treasury Department.
On New Year’s Eve, the US government reveal that it had seized $12.7 million or 391 Bitcoin (BTC). Analyst Kevin Rooke made the report via his Twitter account and stated that it was the largest announced seizure of Bitcoin since November when 69,370 BTCs were taken by the authorities as part of a black market operation known as “Silk Road”.