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Bithumbs Fat Thumb
On the evening of February 6, 2026, a Bithumb employee made what can only be described as the most expensive typo in cryptocurrency history. During a promotional “Random Box” event meant to distribute small cash rewards of 2,000 Korean won ($1.37) to users, the employee typed “BTC” instead of “KRW” in the payment unit field. The result? 620,000 Bitcoin—worth approximately $44 billion—were credited to 695 user accounts, temporarily making South Korea’s second-largest exchange technically insolvent. While Bithumb managed to recover 99.7% of the mistakenly distributed coins within 35 minutes, and the credits were only on internal ledgers (not actual on-chain
Nostr Wallet Connect: The Convenience That Could Drain Your Wallet
Nostr Wallet Connect (NWC) is one of the most elegant solutions to a persistent problem in Bitcoin’s Lightning Network ecosystem: how to seamlessly integrate payments into applications without requiring users to trust each app with custody of their funds. Using Nostr’s relay infrastructure and public-key cryptography, NWC creates a bridge between your Lightning wallet and any compatible application, enabling instant payments with just a QR code or a connection string. But this convenience comes with profound security implications that most users don’t fully understand. When you connect an app to your wallet via NWC, you’re potentially giving that app the ability to drain
Iran’s Rial Collapse and Why Bitcoin Is the Only Lifeboat
On January 12, 2026, the Iranian Rial crossed a threshold that marked it as one of the world’s least valuable currencies: one million rials to a single US dollar. For context, in 2015—just a decade earlier—the Rial traded at 32,000 to the dollar. The currency had lost 97% of its value, and the acceleration was terrifying. By January 2026, Iran will be experiencing what historians will likely record as one of modern history’s latest hyperinflationary moments, and the country joins a list of countries like Venezuela and Zimbabwe. But the devastating numbers—42% official inflation, 72% food price increases, half of