cross-posted from: https://realbitcoin.cash/post/5757

Fiendish & Friends #10 - Noel Lovisa Founder & CEO of Code Valley talks Emergent Coding, a decentralised software development paradigm that sets to industrialise the way the world approaches software creation.

The US Department of Justice (DOJ) has been authorized to sell approximately 69,370 Bitcoin seized in connection with the Silk Road darknet marketplace, a haul currently valued at around $6.5 billion, DB News reported Wednesday. The decision is set to end a years-long legal dispute over the BTC stash's ownership. On December 30, a federal judge ruled in favor of the DOJ's request to liquidate the crypto assets, the report said. Battle Born Investments, which had asserted a claim to the Bitcoin stash through a bankruptcy estate, ultimately failed in its bid to delay the sale.

As noted, the group had pursued a Freedom of Information Act (FOIA) request seeking the identity of "Individual X," who initially surrendered Bitcoin, but the effort also proved unsuccessful. Battle Born's legal counsel criticized the DOJ's handling of the case, alleging the department employed "procedural trickery" in its use of civil asset forfeiture to avoid scrutiny. The DOJ, in its arguments before the court, cited Bitcoin's price volatility as motivation for seeking a quick sale of the seized assets. A DOJ spokesperson, when contacted, stated, "The Government will proceed further consistent with the judgment in this case."

The update comes after the US Supreme Court refused to hear an appeal challenging the seizure of the Bitcoin stash, which was brought by Battle Born last October. The decision likely paved the way for the US government to sell Bitcoin, which was valued at $4.4 billion at the time. The US Marshals Service is expected to manage the liquidation process, which, if confirmed, will be one of the largest sales of seized crypto in history.

Abstract credit: https://slashdot.org/story/437425

cross-posted from: https://realbitcoin.cash/post/1112

Bitcoin Cash is quickly becoming the go to chain where DeFi apps are being deployed since builders know they will not run into scaling issues which can threaten the growth of their apps.

cross-posted from: https://realbitcoin.cash/post/208

Continuing the series, here’s my yearly recap article of everything important that happened in Bitcoin Cash over the last year.

Hi Lemmy,

I'm Martin and have been working on a free and open-source, fully DIY crypto hardware wallet for a couple of months now. I' ve just published the first functional preview of the firmware, which can be built by anyone easily using Arduino IDE, and flashed to a variety of $5-off-the-shelve ESP32 boards from Aliexpress.

The first release will allow for storing up to 30 encrypted seed phrases, and Ethereum signing via Bluetooth Low Energy. Under the hood, it's powered by the cryptographic libraries written and used by Trezor.io.

Support for more interfaces and chains can be added fairly easily due to a modular structure, and there is a whole roadmap planned to extend functionality (starting with support for displays).

If you're interested to learn more, check out the README in the Colibri repository.

Please let me know what you think, and leave a 🌟 on Github if you like the project.

Also if there's anything that you've always missed in or been annoyed by a hardware wallet, your input would be greatly appreciated!

Legislation was introduced in the Texas House of Representatives on Thursday to establish a strategic bitcoin reserve, which could serve as a proving ground for the U.S. Treasury. The proposed bill would enable the state to start building a strategic bitcoin reserve by accepting taxes, fees and donations in bitcoin that would be held for a minimum of five years, Republican state Rep. Giovanni Capriglione announced on an X Spaces event Thursday.

The Texas bill aims to provide a way to strengthen the state's fiscal stability and establish it as a leader in bitcoin innovation, according to the Satoshi Action Fund, a nonprofit bitcoin advocacy group that worked with Capriglione on the bill. "Probably the biggest enemy of our investments is inflation," Capriglione said. "A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state." "I just filed the bill ... entitled 'An act relating to the establishment of a bitcoin reserve within the state treasury of Texas and the management of cryptocurrencies by governmental entities,'" he said later.

"My goal is to make this bill as big and as broad as possible," Capriglione said. "This initial step is to allow some optionality and flexibility on it, but if I am able to get support from other legislators, we will make it even stronger."

It's "unlikely" a U.S. strategic bitcoin reserve will be established, "but it helps get animal spirits back into the market," Needham's John Todaro told CNBC. He said it's also "unlikely to drive material price gains, as we do not expect the U.S. government will purchase bitcoin in any meaningful capacity, but it's an item that drives excitement and optimism."

Abstract credit: https://slashdot.org/story/436405

cross-posted from: https://programming.dev/post/22002771

Apple has become aware of a security flaw that could let hackers take control of a user’s iPhone or iPad if they visit a harmful website.

Maybe i'm reading this wrong but it doesn't seem to be cryptocurrency-specific:

Jeremiah O’Connor, CTO and co-founder of crypto cybersecurity firm Trugard, told Decrypt that “attackers could access sensitive data like private keys or passwords” stored in their browser, enabling crypto theft if the user’s device remained unpatched.

I tried this last time and it didn't work and I went to support and got scammed on telegram. Lesson learned, but I still have like $50 worth of render I'd like to switch over to the Sol render so I can actually sell it and get out of this shit coin. Please, what do I do? Will any solana wallet work to receive it? Wtf is a wormhole? I hate projects like this that can't just keep things the way they are and instead fuck everyone with their shit "upgrades"

I want to invest in some crypto, I know that this requieres ID verification usually. Is https://www.kraken.com/ a good website for investing? Because I don't really want to send my ID to some dudes on the internet. Thank you

I know crypto.com charges it as a cash advance and so does Kraken. Are their any options that don't? I called the CC company and they said its up to the exchange how they "label the charge"

I think the gold standard of account creation is the mullvad experience, you create an account id, and your good to go. I haven't found such frictionless service in the game hosting domain.

I've found two services that do accept crypto, with some friction, but nothing perfect. I'd like to hear of any alternatives that work well, (specifically for factorio hosting).

I realize there are plenty of VPS and cloud hosting services already, but that's alot of config and admin to get a commodity game server up for a month or two.

Vice President Kamala Harris is now calling for a regulatory framework that would “protect” American crypto holders.

Vice President Kamala Harris is now calling for a regulatory framework that would “protect” American crypto holders.

The FBI created a cryptocurrency as part of an investigation into price manipulation in crypto markets, the government revealed on Wednesday. From a report:

The FBI's Ethereum-based token, NexFundAI, was created with the help of "cooperating witnesses." As a result of the investigation, the Securities and Exchange Commission charged three "market makers" and nine people for allegedly engaging in schemes to boost the prices of certain crypto assets. The Department of Justice charged 18 people and entities for "widespread fraud and manipulation" in crypto markets.

The defendants allegedly made false claims about their tokens and executed so-called "wash trades" to create the impression of an active trading market, prosecutors claim. The three market makers -- ZMQuant, CLS Global, and MyTrade -- allegedly wash traded or conspired to wash trade on behalf of NexFundAI, an Ethereum-based token they didn't realize was created by the FBI.

"What the FBI uncovered in this case is essentially a new twist to old-school financial crime," Jodi Cohen, the special agent in charge of the FBI's Boston division, said in a statement. "What we uncovered has resulted in charges against the leadership of four cryptocurrency companies, and four crypto 'market makers' and their employees who are accused of spearheading a sophisticated trading scheme that allegedly bilked honest investors out of millions of dollars."

Abstract credit: https://slashdot.org/story/434115