United States Dominates Global Crypto Market With Massive $9.3 Billion In Profits
In a recent report by market intelligence firm Chainalysis, it has been revealed that global crypto gains in 2023 amounted to a staggering $37.6 billion. This profit surge reflects improved asset prices and market sentiment compared to 2022. Although this figure falls short of the $159.7 billion gains witnessed during the 2021 bull market, it […]
bitcoin core – Is it prudent to backup chainstate/ and blocks/ if and only if bitcoind is not running?
This is how one might back up their Bitcoin Core data directories in order to save time on syncing in the future: #!/usr/bin/bash local_d=/root/btc_db rsync -av –delete chainstate “$local_d” rsync -av –delete blocks “$local_d” Sometimes backups to a remote location take quite a long time, and so there may a lag of many block in […]
Grayscale Submits Revised Application For Ethereum Spot ETF
Asset management firm Grayscale Investments has updated its application for an Ethereum spot ETF (exchange-traded fund) with the United States Securities and Exchange Commission (SEC). Ethereum Spot ETF Case Just As Solid As Bitcoin’s, Grayscale Argues According to a recent post on X by Craig Salm, Grayscale’s chief legal officer, the asset management firm has […]
Partial private key recovery – Bitcoin Stack Exchange
I had the pleasure of setting up a Bitcoin wallet using the Blue Wallet app and diligently noted down the 52 characters of my private key on a piece of paper for backup purposes. Upon revisiting the paper to import my private key into a Wallet App, I discovered, that it was not recognized by […]
Marathon Digital Anticipates Bitcoin Break-Even Price Of $43,000
The Bitcoin (BTC) market has been on a wild ride recently, hitting a new all-time high (ATH) before experiencing notable volatility that resulted in an 8% drop to the $65,500 level on Friday. Meanwhile, Marathon Digital, one of the largest US-based Bitcoin mining companies, is preparing to acquire more power infrastructure and streamline operations to […]
lightning network – Why does a single expired HTLC with an unresponsive peer cause automatic force closure of the whole channel?
As far as I understand: the expiration of a single HTLC in a payment channel with an unresponsive partner causes the whole payment channel to force close (Behaviour A). This has been discussed, for example, in this question; the addition of covenants to bitcoin would allow a participant to only settle on-chain the expired HTLC, […]
Over 533,330 Addresses Bought Above $70,180
On-chain data suggests more than 533,330 addresses FOMO’d into Bitcoin above $70,180. Following the latest plunge, these investors would all be in losses. Over 500K Bitcoin Addresses Have A Cost Basis Between $70,180 & $71,340 As pointed out by analyst Ali in a post on X, many investors have bought at the recently high price […]