News with the tag "Supply Shock"

The article recounts the 2011 incident where Bitomat, a Polish Bitcoin exchange, accidentally deleted its wallet file containing 17,000 BTC due to a server mishap, highlighting the risks of centralized custody and the importance of self-custody in cryptocurrency.

The article discusses the recent activity of dormant Bitcoin whales moving large amounts of BTC, which has impacted the market and serves as clickbait in crypto news.

BitMixer, once the largest Bitcoin mixer by volume, shut down in 2017 amid regulatory pressure and darknet market crackdowns, highlighting ongoing debates about financial privacy and anti-money laundering policies.

The article reflects on the Bitcoin Blocksize War and the adoption of Segregated Witness (SegWit), highlighting the messy consensus process and the eventual failure of SegWit2x.

The article discusses the shifting political and regulatory attitudes towards Bitcoin and cryptocurrencies in the US, contrasting past skepticism with the current more favorable environment.

Bitcoin's limited supply and increasing demand highlight a potential shortage, as the circulating supply is significantly lower than the demand, driving its value up.

In 2015, a group called CoinWallet.eu conducted a series of DoS attacks on Bitcoin to prove the vulnerability of its 1MB block size limit, spending 201 BTC (worth $49,000 then, $24M now) but ultimately failing to disrupt the network significantly.

The Greek debt crisis highlighted Bitcoin's potential as a financial safety net during banking crises, demonstrating its value in circumventing capital controls and providing liquidity when traditional banking systems fail.

Bitcoin's mainstream journey began 15 years ago with the release of Bitcoin v0.3, gaining significant traction after being featured on Slashdot in 2010, which marked its first major media exposure.

The Winklevoss twins played a pivotal role in Bitcoin's early adoption by proposing the first Bitcoin ETF in 2013, laying groundwork for future crypto financial products despite initial regulatory setbacks.