Bitcoin

Kidnapping of Ledger Co-Founder Highlights Security Risks in Crypto Industry

In a harrowing incident that has sent shockwaves through the cryptocurrency community, David Balland, the 36-year-old co-founder of French crypto hardware firm Ledger, was kidnapped alongside his partner, Amandine, from their home in Vierzon, central France. The armed assailants demanded a €10 million ransom, and in a brutal act of coercion, severed one of Balland's fingers. This alarming event underscores the escalating personal security...

China’s Ongoing Struggle to Control Underground Cryptocurrency Trading

Despite China's stringent regulations against cryptocurrency trading, underground brokers continue to facilitate large-scale transactions, enabling individuals to convert yuan into digital assets. This clandestine activity poses significant challenges to Beijing's efforts to regulate the economy and prevent capital flight. In 2021, China declared all cryptocurrency transactions illegal, aiming to curb financial risks and maintain economic stability. However, underground brokers have adapted, using sophisticated methods to...
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The Evolution of Bitcoin: From Inception to Present Day

Inception and the Genesis Block (2009):The story of Bitcoin began in 2009 when an individual (or group) under the pseudonym Satoshi Nakamoto introduced the...