Adam Back, a key Bitcoin cryptographer, criticized Ethereum's account-based model as flawed compared to Bitcoin's UTXO system, which he says better handles decentralized network issues. This comes as Back's company, Blockstream, suffered a $319 million crypto theft via a software flaw in its Liquid Network sidechain, with attackers returning most funds but keeping $47 million as a bounty. Additionally, Back's Bitcoin treasury project collapsed, and a mining partner faces lawsuits over unpaid debts. These events highlight ongoing risks in the crypto industry even for established players.
The recent challenges faced by Bitcoin cryptographer Adam Back provide context for cryptocurrency market activity. For readers following crypto assets, here is Pluang's market snapshot as of Oct 12, 2026 04:32 WIB: Among 50 major cryptocurrencies, 30 rose and 18 fell. ZIL (Zilliqa) gained 2.65% to Rp65 with a typical hold time of 133 days and balanced buy/sell activity. In contrast, EGLD (MultiversX) dropped 2.49% to Rp70,255 with a short hold time of 85 days and predominantly sell orders at 99%. ONE (Harmony) also declined 2.41% to Rp36, despite a longer hold time of 152 days and a majority of buy orders at 65%.
Acoramidis, a drug for transthyretin amyloid cardiomyopathy (ATTR-CM), was linked to an 18% lower risk of death, hospitalization, and disease progression compared to tafamidis in a large U.S. electronic health record study of 2,684 patients. The stud...
HoodPork (PORKU) led gains with a 223.5% rise over seven days, while Starknet (STRK) increased about 14% from Oct. 2 to Oct. 7. In contrast, Mina Protocol (MINA) fell sharply by 46.3% during early October. Starknet, a Layer 2 Ethereum network, has a ...
Crypto markets experienced volatility due to geopolitical and economic uncertainties, with Bitcoin and major altcoins facing selling pressure. Starknet (STRK) led gains with an 88% rally nearing previous highs, followed by Bitway (BTW) and Aerodrome ...
Internet Computer (ICP) token saw a notable price increase from $3.23 to $3.47 within four hours on October 11, marking a 7.26% gain on Binance's spot ICP/USDT market. Over the past day, ICP's price rose by 10.37%, reflecting growing investor interes...
SpaceX's $8 billion acquisition of Grain Management's nationwide low-band spectrum caused major telecom stocks like T-Mobile, Verizon, and AT&T to drop sharply due to fears of increased competition. However, experts suggest this sell-off may be an ov...
