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The Lightning Network, a prominent scalability solution for Bitcoin BTC/USD, is currently under intense scrutiny following a series of security vulnerabilities disclosed by Antoine Riard, an open-source Bitcoin and Lightning developer.
Based on a discussion in the Linux Foundation’s official mailing list, these vulnerabilities have been identified as CVE-2023-40231, CVE-2023-40232, CVE-2023-40233 and CVE-2023-40234.
Riard’s cryptic reference to these vulnerabilities as “All your mempool are belong to us” has further intensified intrigue.
Riard believes that the Lightning Network is exposed to a new class of “replacement cycling attacks.”
Addressing these vulnerabilities, he suggests, might…
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As the crypto market continues to evolve, prominent crypto analyst Kevin Svenson shared an optimistic outlook for Bitcoin BTC/USD.
What Happened: Svenson believes a significant price surge is on the horizon, potentially reaching a staggering $70,000.
In a YouTube video this week, Svenson pointed out that a pivotal resistance level, once converted into a support base, could trigger a massive uptick in Bitcoin’s price. This could result in an approximate 130% increase from its current standing.
Svenson said he also anticipates a spike in Bitcoin’s volatility once the $32,000 resistance is transformed into a support level.
“Ultimately, once we do get above that $32,000 on that resistance…
Read more on Benzinga
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Bitcoin’s rise continues to make waves, and this time it’s catching the attention of Main Street investors. A recent analysis of Google search trends indicates a surging interest in Bitcoin ETFs. This comes as no surprise given the recent discussions around spot Bitcoin ETF approvals. The data reveals an increased curiosity from the general public and potential investors alike. This heightened attention suggests not only the growing acceptance of Bitcoin as an investment but also its potential integration into mainstream finance. As the crypto community eagerly awaits the next steps, one thing is certain: Bitcoin’s influence is expanding.
MicroStrategy’s strategic leap into Bitcoin has yielded astonishing results, with their holdings now well beyond the breakeven point of $29,574. As MSTR stocks soar with a 154% increase, they’ve almost mirrored Bitcoin’s own 152% rise, vastly outpacing the NASDAQ’s 22% growth. This bold move showcases the immense potential of cryptocurrency investments in today’s dynamic financial landscape.
SBF’s intense criminal fraud trial has recently faced a major twist as Can Sun, the former general counsel of the exchange, strongly denied approving the controversial transfer of customer funds to Alameda Research.
Sun’s tenure, who worked for the exchange from August 2021 to its meltdown in November 2022, was characterized by his staunch belief in segregating client assets, a common practice in financial custodianship. His recent revelations during the trial shed light on internal operational conflicts within the exchange.
SBF Wanted “Jurisdictions” for Missing Funds: Can Sun
During the trial, Sun revealed that he became aware of Alameda’s alleged exemption from…
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Hamas’ recent attack on Israel and the subsequent declaration of war by Israel’s Prime Minister Benjamin Netanyahu has resulted in over 1,300 deaths between both nations so far. Sadly, this violence and destruction is likely to continue, inevitably resulting in countless more innocent lives being lost.
War. What is it Good For?
Many are drawing similarities between this war and the war in Ukraine, arguing that the destruction occurring is due to the actions of leaders who have no problem using their citizens as pawns in their deadly war games.
Unfortunately, this is nothing new, as Major General Smedley Butler pointed out in his 1933 speech on interventionism:…
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