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Good morning, happy Friday! Money Badger here, bringing you the hottest news from the world of Bitcoin.
In today's news:
🤝 Celsius Agrees to Purchase
📜 South Korea Passes Bitcoin Bill
👀 Bitcoin Core V 25 Released
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Celsius Agrees to Purchase Bid from Fahrenheit
Celsius Network, a bankrupt lending platform, has chosen a proposal from Fahrenheit as the winning bid to lead the company out of bankruptcy.
The consortium, which includes Arrington Capital, will acquire Celsius and be responsible for managing its cryptocurrency lending and bitcoin mining businesses.
A new board of directors appointed by creditors will oversee the new company.
Celsius has also secured a backup bid from the Blockchain Recovery Investment Consortium (BRIC) as an alternative option.
Fahrenheit's selection brings potential positive prospects for Celsius and its creditors, enabling the company to proceed with new management and ownership.
South Korea Passes Bill Requiring Officials to Disclose Bitcoin Holdings
The South Korean government has passed new laws requiring officials to disclose their cryptocurrency holdings, including Bitcoin.
The National Assembly unanimously approved the bill, which mandates lawmakers and high-ranking public officials to report their crypto assets.
The bill involved amendments to the National Assembly Act and the Public Service Ethics Act, with both receiving overwhelming support.
The amendments officially recognize cryptocurrency as registered property and impose disclosure obligations on high-ranking public officials and members of the National Assembly.
Bitcoin Core v25.0 Released
Bitcoin Core version 25.0 has been released, offering new features, bug fixes, and performance improvements.
Notable changes include allowing transactions of non-witness size 65 bytes and above, the addition of new RPCs like scanblocks and updated RPCs with parameter enhancements.
The build system has been updated, and various settings have been modified, affecting port validation, mempool memory usage, and maximum connections.
Wallet-related changes involve new options for specifying minimum and maximum confirmations, faster rescans for descriptor wallets with compact block filters, and improved handling of wallet passphrases and address purposes.
The GUI has seen some modifications, and a new REST endpoint has been added.
Binary verification now employs a threshold of trusted keys, and RPC behavior has been refined with stricter parameter handling.
Money Meme
credit: u/_crypto_expert_
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