Gate News message, April 22 — U.S. Navy Admiral Samuel Paparo stated in a Senate Armed Services Committee hearing that Bitcoin is a “valuable computer science tool” with important applications in cybersecurity. According to Paparo, Bitcoin’s proof-of-work technology can increase the cost of cyberattacks and be used to protect data, information, and command signals, thereby supporting U.S. national security interests.
“Beyond the economic level, it has very significant computer science applications in cybersecurity,” Paparo said. The admiral’s remarks echo similar views previously expressed by U.S. Space Force member Jason Lowery in 2023, who also highlighted the national security implications of Bitcoin’s consensus mechanism.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Liquidation Data: $1.676B in Long Positions if BTC Falls Below $73,721; $883M in Shorts if BTC Breaks $80,768
Gate News: If Bitcoin dips below $73,721, long liquidations on major CEXs could total $1.676B; if BTC climbs above $80,768, short liquidations could reach $883M.
Abstract: This brief notes potential liquidations on major CEXs triggered by BTC price moves: $1.676B in longs below $73,721 and $883M in shorts above $80,768.
GateNews8m ago
Bitcoin Spot ETFs See $11.84M Net Inflows Yesterday, Extending 6-Day Streak
Gate News message, April 22 — Bitcoin spot ETFs recorded total net inflows of $11.84 million yesterday (April 21, U.S. Eastern Time), according to SoSoValue data, extending a six-day consecutive inflow streak.
BlackRock's IBIT led all funds with $39.34 million in single-day net inflows, bringing it
GateNews10m ago
Whale 'Set 10 Major Goals' Holds 717.491 BTC with $1.226M Unrealized Gains
Summary: An on-chain analyst notes a whale wallet 'Set 10 Major Goals' holds 717.491 BTC with $1.226M unrealized gains, opened at $75,731.70; BTC trading at $77,439.70.
Abstract: The report highlights a whale wallet named 'Set 10 Major Goals' with 717.491 BTC and $1.226 million in unrealized gains, opened at $75,731.70, as Bitcoin sits near $77,439.70.
GateNews41m ago
Crypto Markets See $60.08M in Liquidations in One Hour, BTC Accounts for $27.46M
Gate News message, April 22 — Over the past hour, cryptocurrency markets recorded $60.08 million in liquidations, according to Coinglass data. Bitcoin accounted for $27.46 million of the total, while Ethereum recorded $26.31 million in liquidations.
Short positions dominated the liquidation
GateNews1h ago
Whale Address Posts $9M Unrealized Loss on BTC Short After Month-Long Decline, Becomes Largest Short on Hyperliquid
A whale address opened a BTC short in early April; it now holds $77.14M in BTC shorts and $47.15M in ETH shorts, the largest short on Hyperliquid, with unrealized BTC losses around $9M and total losses over $13M, positions still open.
GateNews2h ago
Scammers Impersonating Iranian Authorities Demand Bitcoin and USDT as Strait Passage Fees; At Least One Vessel Attacked After Payment
Gate News message, April 22 — Scammers posing as Iranian authorities are demanding cryptocurrency payments in Bitcoin or USDT from shipping companies in exchange for safe passage through the Strait of Hormuz, according to CoinDesk. Greek maritime risk firm Marisks has issued a warning that
GateNews2h ago
