Bitcoin Developer Luke Dashjr Expresses Concerns About Inscriptions
Luke Dashjr, a bitcoin developer and CTO of Mummolin, has voiced his criticism of Ordinal inscriptions in Bitcoin Core full node software. According to Dashjr, these inscriptions take advantage of a vulnerability and exploit the software. He has hinted at addressing and fixing this issue in a future version of the Bitcoin node software.
Blackrock Warns of Bitcoin’s Potential Classification as a Security
Blackrock, the largest asset manager globally, has highlighted the possibility of bitcoin being classified as a security by the SEC, state regulators, or through court rulings. This warning was included in the company’s spot bitcoin exchange-traded fund (ETF) filing update. Blackrock stated that if bitcoin is deemed a security, it could become challenging or even impossible to trade, clear, or custody the digital asset in the United States using the same channels as non-security assets.
Bitcoin Surpasses $40K Mark, Reaches Highest Value in Almost Two Years
Bitcoin’s value exceeded the $40,000 mark on December 3, 2023, with a peak of $40,846 at 8:45 p.m. Eastern Time. This surge represents an 8.4% increase over the past week and a 3% rise in the last 24 hours. It marks the highest value reached by the cryptocurrency in 19 months.
Report Reveals Extortion Attempts on Sam Bankman-Fried in Prison
Sam Bankman-Fried, a prominent figure in the crypto industry, is reportedly facing extortion attempts and struggling with depression while incarcerated at the Metropolitan Detention Center (MDC) in Brooklyn. Gene Borrello, a former mob enforcer, shed light on the daily challenges and threats SBF is currently encountering in prison.
Hot Take: The Latest News in the Crypto World
In this week’s Bitcoin.com News Week in Review, Bitcoin developer Luke Dashjr expresses concerns about exploitative inscriptions in Bitcoin Core software, while Blackrock warns of the potential for bitcoin to be classified as a security. The value of bitcoin reaches its highest point in nearly two years, surpassing $40,000. Additionally, a report reveals the extortion attempts faced by Sam Bankman-Fried in prison. Stay updated with the latest developments in the crypto world.
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