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…
Canada has always been defined by the vastness of its territory and its wealth of natural resources, especially in comparison to the small population. But today, the nation is in the first stages of a scramble for a new kind of digital resource. Drawn by Canada’s low electricity prices, cryptocurrency miners are…
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.”
More bad news rattled the cryptocurrency markets on Wednesday. Google has announced that it will no longer allow cryptocurrency-related ads on its platforms. Prices fell as the news spread and a message from the International Monetary Fund (IMF) pushing for a global regulatory crackdown isn’t helping anything.
Kranj, a self-described “picturesque old town in the center of Slovenian Alps,” unveiled a monument to Bitcoin this week. To many regulators around the world, cryptocurrency is increasingly viewed as a perplexing nuisance. Accordingly, the three-ton monument resides in the center of a three-road intersection.
The upstart virtual currency associated with Infowars guest Roger Ver now has an anthem, and it seems we have Canada to thank for it. After Japan’s foray into blockchain-inspired music with a cryptocurrency-themed pop idol group, it was only a matter of time
Judge Jack B. Weinstein, who has served in New York’s Eastern District since 1967, filed a 79-page preliminary injunction against a cryptocurrency trading advice firm that stands accused of fraud. The company in question was hardly a major player, but the ramifications of the order have the potential to impact the…
Microsoft co-founder Bill Gates, whose recent takes have included that Apple should just build a backdoor into the iPhone because the government might demand it anyway, is now warning that cryptocurrency is killing people.
It’s been a month since 50 Cent was part of the best feel-good story of the cryptocurrency boom. Following reports that the hip-hop star had earned about $7.8 million worth of bitcoin from sales of an otherwise forgotten album, he seemed to confirm the news on Instagram. But when pressed in bankruptcy court, Fiddy…
Hey, remember initial coin offerings, the almost totally unregulated form of investment vehicle in which investors trade real cash or assets in exchange for virtual “tokens” in cryptocurrency-backed startups? You know, that hot new crypto market that the Wolf of Wall Street, Jordan Belfort, warned everyone was rife…
A cryptocurrency exchange in Japan reportedly experienced a temporary glitch last week that suddenly offered investors their pick of coins for the low, low price of zero dollars. Several customers took advantage of the opportunity, but one really ran with it.
Former action movie star and current alleged rapist Steven Seagal has endorsed a suspicious cryptocurrency venture known as Bitcoiin (yes, with two “i”s) 2Gen. What could go wrong.
Despite periodic crashes in the cryptocurrency markets, digital currency keeps on moving out of its formerly niche space and affecting the real world in unpredictable ways. Bitcoin-mining operations are now set to gobble more electricity than domestic residential consumption in Iceland, major credit card providers are …
According to the BBC, the current graphics card shortage driven by cryptocurrency miners isn’t just hurting gamers, it’s also impeding our efforts to find evidence of a better civilization out there—one that is free of overzealous cryptocurrency miners.
After a precipitous crash, cryptocurrency enthusiasts have been heartened to see a steady climb in the value of frontrunner coins since yesterday afternoon. What’s driving the rebound in an increasingly harsh regulatory climate might be a so-called “stablecoin” widely suspected to be fraudulent.
