Bitcoin UTXO Growth Hits New All-Time High, But What Does it Mean?

The Bitcoin (BTC) record is showing one indicator of extreme growth this year – the count of Unspent Transaction Outputs, or UTXO. This growth points to several potential explanations. UTXO Growth May Signal Coin Mixing Activity Each bitcoin transaction has the potential to generate UTXO, or “change”, which is then redistributed to a change address. Jameson Lopp showed that UTXO transactions are now happening more often, with a clear growth trend in 2019. Bitcoin’s UTXO set rose from 49.6M to an all-time high of 64.5M, adding a net new UTXO…

Bitcoin Hash Rate Now 7x The Size It Was During 2017 ATH

While bitcoin price may be going through a period of consolidation at the moment (and frankly, after the year that was 2019, who isn’t?), the network fundamentals are as strong as ever. In fact, the hash rate is currently almost seven times as large as it was during BTC’s all-time high price, back in December 2017. We’ve Come A Long Way Baby As pointed out in a tweet by the trader known only as Rhythm, and bringing the year to a close yesterday, the hash rate currently securing the Bitcoin…

U.S Coast Guard Attacked by New Crypto-Locking Ransomware

The US Coast Guard has issued a security warning following a ransomware attack on a federally regulated maritime facility. The intrusion at the unnamed facility, caused a 30+ hour shutdown of primary operations while a response was conducted. Coast Guard Caught Phishing The Ryuk ransomware is believed to have gained access to the facility’s IT network when an employee opened a malicious link in a phishing email. It encrypted a significant number of critical files, and disrupted camera and physical-access control systems, losing critical process control monitoring systems. The alert…