Axiom Zen’s CryptoKitties, which is essentially a digital version of Beanie Babies based on the Ethereum blockchain, sucked in a massive amount of funding just a few months ago. But it looks an awful lot like people bought into CryptoKitties looking for a quick return on their investment and are finding that digital…
Steve Bannon has been keeping a relatively low profile since he was excommunicated from the warm glow of Donald Trump’s love. But that doesn’t mean he hasn’t been busy. He’s reportedly been working to make cryptocurrencies great again and is even considering launching his own token: The “Deplorables Coin.”
Bitcoin now hovers around $6,300, but not long ago it had spiked to nearly $20,000 per coin. Skeptics have wondered how such a rise was even possible, and a paper authored at the University of Texas suggests a fairly reasonable answer: price manipulation!
With the price of Bitcoin approaching a 6-month low, there’s been a lot of uncertainty about the whole cryptocoin movement, and it seems Apple is dealing cryptocurrencies another blow by banning mining apps from the iOS App Store.
It’s hard out there for people who play with imaginary money. Bitcoin and other cryptocurrencies plunged over the weekend after it was revealed that a South Korean exchange, Coinrail, was hacked. Roughly $42 billion of market value was destroyed in the sell-off, and Bitcoin has lost over 50 percent of its worth since…
A Sherpa man who helped lead a team up Mount Everest as a part of an ASKfm cryptocurrency publicity stunt is presumed dead.
It can be difficult to muster anger about every bitcoin scam out there, but when con artists go after our Very Good Dogs, consider me invested. This weekend, a basset hound named Happy went missing in North Carolina, and a scammer claiming to have the dog soon demanded hundreds of dollars in bitcoin for his return.
The U.S. Justice Department has opened a criminal investigation into the manipulation of popular cryptocurrencies like Bitcoin and Ethereum. It’s believed that some traders are manipulating the price of cryptocurrencies through illegal tactics like issuing fake orders, causing the price to go up and down at will.
It takes a lot of electricity to mine bitcoins, and as more miners try to cash in on the crypto craze, the amount of energy required to win new coins increases accordingly. New research suggests the entire bitcoin network could consume as much as 7.7 gigawatts of electricity by the end of this year—enough to power a…
Australia’s Liberal Party government has announced that it will soon be illegal to purchase anything over $10,000 AU ($7,500 US) with cash. The government says it’s, “encouraging the transition to a digital society,” and cracking down on tax evasion. But not everyone is happy with the move.
Everyone wants to go to Iceland to get that perfect selfie for their dating profile and briefly feel what it’s like to exist in an actual paradise. But last month, a man who is suspected in a heist of $2 million-worth of bitcoin mining gear only wanted to get out. After pulling off a daring prison break, however, he’s…
If you were looking for another reason to hate crypto culture, then YouTube has a plethora of Bitcoin rap videos for you to peruse. Every single one of these blockchain anthems is just as bad as you can imagine, and often worse.
Earlier this year, the Chinese government reportedly outlined plans to limit energy use by cryptocurrency miners and encourage their “orderly” exit from the industry. In the wake of intensified crackdown efforts, some of China’s largest miners opened operations abroad, but it seems at least one mining group tried to…
Wikileaks, the whistle-blowing organization which is now almost solely run by founder and fugitive Julian Assange from a small room in the Ecuadorian embassy in London where he is claiming asylum from the police, claims that one of its official stores has been taken down by cryptocurrency exchange Coinbase.
Bitcoin may have peaked in terms of value and public interest in 2017, but the cryptocurrency has been far less popular this tax season. According to a recent report, fewer than 100 people have reported bitcoin holdings so far.
A flaw in ostensibly untraceable cryptocurrency Monero, which has picked up steam as market leader Bitcoin has stumbled in value, may make it possible to trace transactions—and since the entire history of Monero is encoded in its blockchain in what is now known to be a semi-vulnerable method, transactions that…
It has no inherent value and causes observers to rotate between feelings of fascination and anger. We’re talking about cryptocurrency, but also art. In a new series, artist Andy Bauch is bringing the two subjects together with works that use abstract patterns constructed in Lego bricks. Each piece visually represents…
While the practical and financial viability of the Bitcoin blockchain is still an open question, new research shows that the whole thing could already be illegal in most countries. Researchers in Germany discovered that the ledger system that provides the backbone for Bitcoin contains hundreds of links to child…
President Donald Trump’s administration issued an executive order on Monday that essentially bans “any transactions within the United States involving any digital currency issued by, for, or on behalf of the Government of Venezuela,” effectively making it illegal to purchase or use the oil-backed Petro cryptocurrency…
Those looking to run advertisements for cryptocurrencies and related products may soon have to steer clear of Twitter, which Sky News reported on Sunday is “preparing to prohibit a range of cryptocurrency advertisements amid looming regulatory intervention in the sector.”