Eight cryptocurrency machines reportedly drained electricity from a Chinese high school for nearly a year before the headmaster was busted, and later fired, for running an Ethereum-mining operation.
There are lots of annoying telltales of a blowhard, but none quite so insufferable as Hublot’s Big Bang Meca-10 P2P watch. It costs an absurd $25,000, but even if you have all those Benjamins in your bank account, you’re out of luck—this is a watch that can only be bought with cold, hard Bitcoin.
Cryptocurrency and precious metals share some similarities. Libertarians love them. Their values are social constructs. They’re mined. And accomplishing said mining takes a ton of energy.
This probably isn’t the best way to get the FBI’s attention.
A former Bitcoin tycoon who served a year in prison for his role facilitating transactions on the Silk Road digital drug bazaar is being sued by none other than the Winklevoss twins, the HarvardConnection creators famous for suing Mark Zuckerberg for allegedly stealing the idea for Facebook from them.
The cryptocurrency markets saw a significant crash on Wednesday (Eastern local time), with just short of $13 billion in value wiped out over the course of just three hours, CNBC reported.
Earlier this year, the New York Times profiled the class of noveau riche Bitcoin millionaires who had gotten “hilariously rich” on booming cryptocurrency investments. Now that the market is flatlining (it’s now fluctuating in the low-to-mid $6,000s), another New York Times profile is shedding light on how much…
Great news for anyone doing crimes with bitcoin.
Cryptocurrency investor Michael Terpin is understandably upset that he lost a combined $24 million in two different hacks of his phone over the course of seven months. Terpin alleges that the hacks were only possible because the hackers had an inside person at AT&T who provided access to Terpin’s account. And he’s…
Starbucks wants to be crystal clear: Despite recent stories about their involvement in some sort of blockchain project, they are not going to be accepting bitcoin as a form of payment for coffee.
Remember “Long Blockchain,” or rather, the company formerly known as Long Island Iced Tea Corp. that saw its stock skyrocket after it changed its name to refer to the foundational technology behind the cryptocurrency boom and made a vague pivot to “globally scalable blockchain technology solutions”? Turns out that…
Chinese authorities have busted what they said was one of the world’s largest online betting operations involving cryptocurrency, with over $1.5 billion in illicit bets allegedly on the line.
There’s a twisted new sextortion scam going around.
Bitcoin has lost most of its (likely inflated) value in the last few months, but it still has plenty of value for law enforcement agencies looking for financial crimes to punish. The latest cryptocurrency criminal to get the book thrown at them is “Bitcoin Maven,” a 50-year-old woman who ran a bitcoin-for-cash…
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.
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