Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Dutchman was extradited from the Netherlands back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court. A Five-Year Investigation As reported by…
UTXO
What is UTXO (Unspent Transaction Output)?
In the Bitcoin protocol, UTXO stands for Unspent Transaction Output. It is the basic building block of the Bitcoin blockchain and is used to record a certain amount of Bitcoin ownership. When a new transaction is created on the Bitcoin network, it includes one or more inputs, which are references to UTXOs that the sender uses to provide the funds for the transaction. The transaction also includes one or more outputs, which specify the new ownership of the funds being…
Block Education 
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