Blockstream | Crypto

Blockstream is refusing to pay the Liquid attacker nearly 600 Bitcoin (roughly $50 million), escalating a dispute over how the crypto industry should reward partial restitution. The standoff follows an unusual recovery from the Sept. 6 exploit, when a vulnerability allowed the attacker to create about 4,000 unbacked L-BTC and withdraw roughly 3,996 real BTC through […] The post Blockstream bets 600 Bitcoin by rejecting Liquid hacker’s $50 million bounty demand appeared first on CryptoSlate.

Blockstream said it would work with law enforcement, exchanges and forensic specialists to recover the Bitcoin if the hackers do not return it. Bitcoin infrastructure company Blockstream said it will not pay a ransom to recover funds still held by the Liquid Network hackers. “Taking assets without authorization and withholding their return is a crime, not responsible disclosure,” Blockstream said Friday. “It is not white-hat activity. It is theft.” The company said it had engaged with the hackers in good faith to recover user funds but would not accept their demands. Read more

The French Bitcoin treasury firm’s private placement drew support from Adam Back and TOBAM, with warrant exercises potentially unlocking another $158 million. French Bitcoin treasury company Capital B announced that it raised €21.0 million ($24.5 million) through private share placement. According to an Aug. 28 announcmeent, the fundraise was conducted at €0.58 per ABSA — one share bundled with four share-subscription warrants — without pre-emptive subscription rights. The raise saw the participation of legendary cypherpunk and Bitcoin-centric blockchain development firm CEO Adam Back as well as asset manager TOBAM. If all the issued warrants were to be exercised, Capital B would see a further €135.8 million ($158 million) capital injection through the issuance of 144,876,280 ordinary shares. The company reserves the right to trigger an accelerated warrant exercise period if the volume weighted average price of its shares over the previous 20 trading days exceeds 130% of the exercise price of the relevant war...

A 43-account launch roster says trusted access, sufficient compute and secure environments are becoming a defensive requirement. The post Coinbase, Strategy, and Blockstream back AI access push after vetted Bitcoin researcher gets blocked appeared first on CryptoSlate.

Unsealed DOJ records tied to Jeffrey Epstein have surfaced emails and travel documents naming figures across finance and tech. A 2014 thread has described Blockstream’s $18M seed round and investor contact, while a 2010 charity email has mentioned Michael Saylor’s $25,000 donation. The post Blockstream, Michael Saylor Named in Newly Unsealed Epstein Files – What’s the Real Story? appeared first on Cryptonews.

The scam is designed to look like a Blockstream Jade hardware wallet firmware update, and links to a malicious site. Blockstream, an infrastructure and hardware wallet provider, issued a warning about a new email phishing campaign attempting to target Blockstream Jade hardware wallet users. The company confirmed on Friday that it never sends firmware files through email and said that no data has been compromised in the attack. Phishing attacks are designed to steal crypto and sensitive user information through seemingly legitimate communication. According to Blockstream, the email featured a simple message directing users to download the latest version of Blockstream Jade wallet firmware by clicking on a link, which was malicious. Read more

Blockstream launched Simplicity on the Liquid Network, enabling smart contract programability on Bitcoin’s infrastructure. According to a July 31 announcement, the idea was first proposed in 2017 by researcher Russell O’Connor. Simplicity was designed as a clean-slate smart contract language that is more expressive than Bitcoin Script yet tighter and safer than general-purpose platforms. With […] The post Blockstream enables smart contract programmability on Bitcoin via Simplicity on Liquid Network appeared first on CryptoSlate.

Adam Back’s Blockstream has launched Bitcoin-native smart contract programming language Simplicity, offering an alternative to Ethereum’s Solidity. Blockstream, the developer of Bitcoin’s layer-2 protocol Liquid and led by Bitcoin cypherpunk Adam Back, has launched Simplicity, a new smart contract language designed for Bitcoin. According to a Thursday announcement shared with Cointelegraph, Simplicity smart contracts will be integrated into Liquid. The company said the move marks a step forward in transforming Bitcoin (BTC) from a secure store of value into a programmable foundation for decentralized finance. The company also introduced SimplicityHL, a higher-level implementation of the language that facilitates easier development with increased abstraction. Read more

Cantor Fitzgerald’s blank‑cheque affiliate is in late‑stage talks to acquire more than $3 billion in Bitcoin (BTC) from Adam Back’s Blockstream Capital through a transaction that could exceed $4 billion, the Financial Times reported on July 15.  Cantor Equity Partners 1, a special‑purpose acquisition company that raised $200 million in a January IPO, would issue new shares to Back in exchange for as much as 30,000 BTC. The […] The post Cantor Fitzgerald SPAC nears $4B deal with Blockstream’s Adam Back to amass 30,000 Bitcoin appeared first on CryptoSlate.

Blockstream CEO Adam Back believes altcoin season is over, urging investors to rotate into Bitcoin and BTC treasury stocks instead. The post Blockstream’s Adam Back Says Altcoin Season ‘Is Over’ — Time to Rotate Into Bitcoin Treasuries appeared first on Cryptonews.