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.
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.
