Bitcoin will get a privacy upgrade as concerns rise over the cryptocurrency’s ability to withstand ransomware attacks
Bitcoin’s upcoming privacy upgrade will be the crypto’s most significant change in the last four years. Bitcoin says the update will focus on the software that underpins the network.
The main advances to the network include changes that will make the network easier to manage for big embedded applications.
The update will also enhance user privacy and let more people use wallets that make it harder for people and organisations to track who paid who.
This follows U-S authorities recently linking cyber attacks against Colonial Pipeline and meat producer JBS SA to groups in Russia that used Bitcoin.
Castle Island Ventures says the upgrades are “definitely a driver in as much as it proves that Bitcoin can still innovate and can upgrade itself.”
North Korea bears the brunt of the crypto market crash
The crypto market crash is impacting North Korea’s weapons programme
The recent crypto market crash has made its way to North Korea, where hackers are bearing the brunt.
The isolated country relies on stolen crypto to fund part of their weapons program.
But as crypto holdings drop by millions of dollars, the nation is reportedly scrambling to find new ways to fund Pyongyang’s missile plans.
North Korea has ramped up its stolen crypto assets in recent times leading to one of the largest cryptocurrency heists on record earlier this year.
Hackers allegedly stole $615 million worth of crypto prompting the U.S. tplace a warning about potential workers who are hiding their identities to find jobs abroad.
Meanwhile, crypto holdings have decreased in value with the market sliding below $1 trillion for the first time since January 2021.
Katerina Kostakos contributed to this report
Russian Police investigate a crypto mining facility
Russian Police are investigating a crypto mining facility, which is suspected of defrauding clients
It’s understood the miners handed devices to those who were running a mining hotel.
They are also accused of stealing their expensive coin minting hardware, and stopping payments to their customers.
The scam allegedly took place from November to May, where the suspects worked with people who wanted to install their coin minting hardware in a mining hotel.
They were offered electricity prices that were below market value.
Electricity consumed by some of the world’s largest cryptocurrencies has dropped by nearly half.
Gucci goes big in metaverse with new Vault Art Space
Forward thinkers who love fashion, this exhibit is for you
Luxury brand Gucci has opened a Vault Art Space as it continues to explore the art world and the metaverse
Gucci inaugurated the gallery in a partnership with NFT marketplace SuperRare
The debut exhibit is titled “The Next 100 Years of Gucci”
Keep your eye out for a special selection of NFT artworks, each a collectible fragment of Gucci’s heritage.
The artworks are showcased and auctioned off directly on Vault’s website in three drops between now and the end of July.
All sales will be in Ethereum.
TICKER NEWS is available on podcast apps
India’s ban on single-use plastics comes into effect
U.K. Government in crisis as Tory whip resigns over sexual assault allegations
What is happening between SHIB and Vitalik? | TICKER VIEWS
Russia has cancelled itself. But the world should beware of poking the Russian bear￼
Move over Dogecoin, SHIB coin is here
Trending on Ticker
Media3 days ago
Would you pay to use Snapchat?
Media2 days ago
Taylor Swift secretly gets engaged to Joe Alwyn
Tech3 days ago
Five reasons it’s so expensive to travel right now
Business2 days ago
U.S. stocks record their worst first half in more than 50 years
Business2 days ago
Tesla deliveries expected to fall – here’s why
World2 days ago
Migrant tragedy – suspected Texas truck driver allegedly on meth
World2 days ago
Beijing issues a stark warning to Canberra
Business3 days ago
Ben & Jerry’s to continue business in Israel