SShortSingh.
Back to feed

Selling BIP-110 fork coins could cost holders real Bitcoin, developer warns

0
·2 views

A developer has warned Bitcoin holders about a significant financial risk tied to a potential minority chain fork expected this weekend. If such a chain emerges, transactions involving the sale of forked coins could be replayed on the main Bitcoin network. This replay vulnerability means sellers could inadvertently lose their actual Bitcoin holdings in the process. Until the two chains can be clearly separated and distinguished, experts advise holders to take no action. Doing nothing is currently considered the safest approach to protect real Bitcoin assets.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
Crypto & Web3CoinDesk ·

Trump Media Scraps CRO Token Treasury Deal, Refocuses on Core Business

Trump Media, the parent company of Truth Social, has cancelled its planned cryptocurrency treasury deal with Crypto.com involving the CRO token. The company stated it is shifting its focus back to its core media operations rather than pursuing digital asset holdings. Trump Media also cited its upcoming merger with a fusion energy firm as a strategic priority. The decision comes as broader enthusiasm for corporate crypto treasury strategies appears to be fading across the industry.

0
Crypto & Web3CoinDesk ·

American Bitcoin Director Justin Mateen Buys $2M in ABTC Shares After Earnings

Justin Mateen, a director at Trump-backed American Bitcoin, has purchased approximately $2 million worth of ABTC stock. The acquisition spanned two days and involved more than 306,000 shares. The purchases came shortly after the company released its quarterly earnings report. Following the transactions, Mateen's total holding in the company rose to over 492,000 shares.

0
Crypto & Web3CoinDesk ·

US Treasury sanctions two crypto exchanges tied to Iran

The US Treasury Department's Office of Foreign Assets Control (OFAC) has imposed sanctions on two cryptocurrency exchanges, Shelbit and Aban Tether. The action is part of Washington's ongoing effort to restrict Iran's access to cryptocurrency and foreign currency markets. Both exchanges were targeted for allegedly helping Tehran circumvent existing financial restrictions. The move reflects the US government's broader strategy of using sanctions to limit Iran's ability to use digital assets.

0
Crypto & Web3CoinDesk ·

BitMEX Sale Fell Through Over Founder Ownership and Declining Business Concerns

Cryptocurrency exchange BitMEX failed to find a buyer after potential acquirers walked away from a proposed sale. Among those who declined was Exodus, according to a source familiar with the matter. Buyers were reportedly put off by concerns surrounding founder ownership stakes in the company. The exchange's shrinking business operations further dampened acquisition interest. The collapsed deal highlights ongoing challenges facing BitMEX in a competitive crypto market.