Bitcoin-accepting Vendors See 174% Increase in 2023
In 2023, the number of vendors accepting Bitcoin payments increased nearly threefold, according to Bitcoin merchant mapping provider BTC Map. According to the most recent data from BTC Map, the number of restaurants, bars, stores, and services listed to accept the digital asset increased from 2,207 at the beginning of 2023 to 6,126 by the […]
CoinsPaid Payment Gateway Suffers $7.5M Hack — Cyvers
CoinsPaid, a cryptocurrency payment gateway, has suffered its second security compromise in six months. Cyvers, a Web3 security firm, disclosed detected unauthorized transactions worth approximately $7.5 million. On January 6, the artificial intelligence system of Cyvers identified several anomalous transactions, which authorized the withdrawal of digital assets valued at $6.1 million in Tether, Ether, USD […]
Bitcoiner Spends $64K to Inscribe 9MB of Data on Bitcoin Blockchain
A Bitcoin user who remains anonymous has recently deposited around 9 megabytes of unprocessed binary data onto the Bitcoin blockchain for an estimated fee of $64,000. A post on X (formerly Twitter) on January 7 claimed that at approximately 11:20 am UTC on January 6, the Ordinals explorer Ord.io utilized over 1 Bitcoin to generate […]
Honduras Economic Zone formally Recognizes Bitcoin As Unit of Account
Próspera, a special economic zone located in Roatan, Honduras, has formally acknowledged Bitcoin as a unit of account, enabling its utilization in the valuation of products and services on the market less than two years after its adoption as legal tender. On January 5, Jorge Colindres, the interim manager and tax commissioner of Próspera ZEDE […]
SEC reissues ‘FOMO’ warning as spot Bitcoin ETFs nears Approval
Social media users have noted that the regulator’s “no go to FOMO” warning coincides with increased anticipation regarding the approval of spot Bitcoin ETFs. Simply days before the expected approval of spot Bitcoin exchange-traded funds, the United States Securities and Exchange Commission (SEC) has reissued a warning regarding FOMO investing in cryptocurrencies. The SEC’s Office of […]