U.S. Navy Admiral Samuel Paparo Says Bitcoin PoW Technology Enhances Cybersecurity, Supports National Security

BTC2,15%

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

Trader Killa Raises Bitcoin Short Position Stop-Loss to $83,000

Trader Killa raised his BTC short stop-loss to $83,000 from $80,000 after a mid-April short at $74,688, signaling updated risk management as markets evolve. He predicted the May 2025 bull peak and has 180k+ followers. Abstract: The article notes that BTC trader Killa increased his short-stop to $83,000 from $80,000 after a mid-April short at $74,688, illustrating updated risk management amid evolving market conditions. It also highlights his May 2025 bull-peak prediction and his 180k followers.

GateNews52m ago

MicroStrategy Overtakes BlackRock in Bitcoin Holdings, Now Holds 815,061 BTC

MicroStrategy now holds 815,061 BTC, surpassing BlackRock after buying 34,164 BTC for $2.54B; reserve ~$61.6B with cost basis ~$75.5k. Unrealized profit ~ $242M; 6.2% April yield (9.5% YTD).

GateNews1h ago

BTC Short Whale Liquidated for $3.11M as Bitcoin Breaks $78K, Reopens Position with 40x Leverage

Hyperinsight notes a BTC short whale was liquidated twice near $78k, losing 40 BTC (~$3.11M)—its eighth weekly liquidation—then re-entered a 40x short with $30k, now $310k notional, with liquidation at $79,085.

GateNews1h ago

Bitcoin Perpetual Contracts Open Interest Surges 5.79% in 24 Hours to $59.615 Billion

Bitcoin perpetual open interest rose 5.79% to $59.615B across major exchanges; Gate accounted for $5.178B of the total, while three major CEXs held $10.316B, $3.533B and $4.709B.

GateNews1h ago

Bitcoin Whale Opens $27.4M Leveraged Long Position with 10x Multiplier

Gate News message, April 22 — A major Bitcoin whale, identified by address 0xa3d843b6a057504284006bef6f34a2e9bc80fb6b, opened a 10x leveraged long position early this morning, according to Hyperinsight monitoring. The position is currently worth $27.4 million at an average entry price of $76,272,

GateNews2h ago

Bitcoin Breaks $78K with 2.85% Daily Gain

Gate News message, April 22 — Bitcoin broke through $78,000 today, posting a 2.85% gain over the 24-hour period.

GateNews2h ago
Comment
0/400
No comments