Microbt Debuts M60 Series in Dubai; Bitcoin Mining Rigs Boast 18.5 J/T Efficiency

During the Blockchain Life 2023 event in Dubai, Microbt rolled out its latest Whatsminer M60 series, which boasts an efficiency rating of 18.5 joules per terahash (J/T). Whatsminer M60 Series Showcased in Dubai On Tuesday, at the Blockchain Life 2023 conference in Dubai, Microbt showcased three next-generation miners from its M60 series. The firm had teased this…

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U.S. Government Holds a Massive Bitcoin Reserve Valued at $5.3 Billion

Despite the heightened regulatory scrutiny on the cryptocurrency industry, it appears that the U.S. government has a significant interest in crypto assets. The federal government is in a unique love-hate relationship with cryptocurrencies, as it currently holds more than 200,000 Bitcoins, valued at over $5 billion. This makes the United States arguably the largest holder…

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Bitcoin Enthusiast Proposes Innovative BitVM Paper, Introducing Ethereum-Like Contracts to Bitcoin

The individual behind the whitepaper, Robin Linus, has designed the architecture of BitVM by drawing inspiration from Ethereum’s optimistic rollups, incorporating fraud proofs and recent advancements in Merkle tree technology. A Bitcoin developer has introduced a novel approach to introduce more expressive off-chain smart contracts to the Bitcoin network without requiring a soft fork. Unveiled…

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US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil

On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a…

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Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee

According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes. The United States Department of Justice has announced charges against two Chinese intelligence officers who allegedly bribed a double agent with Bitcoin. In an Oct. 24 announcement, the Justice Department said Guochun…

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How Bitcoin turns El Salvador into the next Singapore according to Max Keiser

El Salvador is doubling down with revised securities laws that put Bitcoin at the core of the country’s international trading strategy. Despite intense rivalry for the title of “the next Singapore,” Bitcoin maximalist Max Keiser has high hopes El Salvador can rise to the challenge. El Salvador made Bitcoin legal tender in September 2021, much to…

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