Jamal Al-Farouq BTC Developer Luke Dashjr Aims to Address Ordinal Inscription “Exploit”
Bitcoin developer Luke Dashjr has expressed his concerns regarding Ordinal inscriptions, viewing them as exploitative and potentially divisive within the crypto community. He asserts that these inscriptions leverage and take advantage of a vulnerability present in the Bitcoin Core full node software implementation. Dashjr has also indicated his intention to rectify this perceived “exploit” in an upcoming version of the Bitcoin node software.
Blackrock’s Spot Bitcoin ETF Filing Update Discusses Potential Security Classification for BTC by SEC
In recent updates to its spot bitcoin exchange-traded fund (ETF) filing, Blackrock, the world’s largest asset manager, has drawn attention to the possibility of Bitcoin being legally classified as a security by regulatory bodies such as the U.S. Securities and Exchange Commission (SEC), state regulators, or through court rulings. Blackrock cautions that if a digital asset were to be determined or asserted as a security, it could pose significant challenges to its trading, clearing, and custodial processes within the United States, distinct from non-security digital assets.
Bitcoin Surpasses $40,000 Mark – Reaches Its Highest Value in Nearly Two Years
On December 3, 2023, Bitcoin’s value soared beyond the $40,000 mark, reaching a peak of $40,846 at 8:45 p.m. Eastern Time. Over the past week, Bitcoin has experienced an 8.4% increase in value, with a 3% rise in the last 24 hours alone. This achievement represents a significant milestone, with Bitcoin achieving a value it hasn’t reached in 19 months.
Report: Sam Bankman-Fried Faces Extortion Attempts in Brooklyn’s MDC
Sam Bankman-Fried, a prominent figure in the cryptocurrency industry, is currently facing a vastly different reality at the Metropolitan Detention Center (MDC) in Brooklyn. Journalist Tiffany Fong reports that Gene Borrello, a former mob enforcer for the Bonanno crime family, has shared insights into the challenges Bankman-Fried encounters in prison. These challenges include threats of extortion and periods of depression, marking a stark departure from his previous life.
These stories encompass a range of significant developments within the cryptocurrency and financial landscape, from potential changes in Bitcoin’s software to regulatory considerations and market milestones. Each story carries its own implications and highlights the dynamic nature of the crypto world.
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Frequently Asked Questions (FAQs) about Cryptocurrency Developments
What is Luke Dashjr’s concern about Ordinal inscriptions in Bitcoin?
Luke Dashjr is concerned that Ordinal inscriptions are exploitative and exploit a vulnerability in the Bitcoin Core full node software implementation. He intends to address this issue in a future version of Bitcoin node software.
What does Blackrock’s ETF filing update mention regarding Bitcoin’s classification?
Blackrock’s ETF filing update highlights the potential for Bitcoin to be classified as a security by regulatory bodies like the U.S. Securities and Exchange Commission (SEC), state regulators, or through court rulings. They warn that such classification could impact its trading and custodial processes in the United States.
When did Bitcoin’s value surpass $40,000, and what were the percentages of increase?
Bitcoin’s value exceeded $40,000 on December 3, 2023. It witnessed an 8.4% increase over the past week and a 3% rise in the last 24 hours, achieving a peak not seen in 19 months.
What challenges is Sam Bankman-Fried facing in prison according to the report?
According to the report, Sam Bankman-Fried, a prominent figure in the cryptocurrency industry, is facing threats of extortion and periods of depression while incarcerated at the Metropolitan Detention Center (MDC) in Brooklyn. Gene Borrello, a former mob enforcer, provided insights into these challenges.
More about Cryptocurrency Developments
- Luke Dashjr’s Concerns about Ordinal inscriptions
- Blackrock’s ETF Filing Update
- Bitcoin’s $40,000 Milestone
- Sam Bankman-Fried’s Challenges in Prison
