A Look at ‘Individual X’ and the Seized Stash of Silk Road Bitcoins Worth $1 Billion

A Look at 'Individual X' and the Seized Stash of Silk Road Bitcoins Worth $1 BillionOn November 3, 2020, the cryptocurrency community noticed that one of the largest addresses holding 69,369 bitcoins from the Silk Road were transferred. Following the onchain movement, the U.S. government revealed it had seized the coins from a person they dubbed “Individual X.” The following is an in-depth look at what we know about the […]

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Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform

Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances PlatformVenezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation hit Venezuela already use bitcoin as a store of value as well as for cross […]

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The $700 Million Wallet Crack: Bitcoin’s 7th Largest Address Is Under Constant Attack

The $700 Million Wallet Crack: Bitcoin's 7th Largest Address Is Under Constant AttackDuring the last two years, hackers have been trying to crack the seventh-largest bitcoin wallet, an address that holds 69,370 BTC or $712 million using today’s exchange rate. According to the CTO of the cybercrime intelligence firm, Hudson Rock, the wallet is being publicized on hacking forums in order to crack the password. Wallets with […]

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