AT&T Sued for $224 Million by Cryptocurrency Investor Who Lost a Fortune in Phone Hacks

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…

'Bitcoin Maven' Jailed for Multi-Million Dollar Bitcoin-for-Cash Money Laundering Operation

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…

Steve Bannon, Please, Please Put All Your Money Into Making a 'Deplorables Coin'

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.”

Alarming Study Suggests Bitcoin Consumes an Astonishing Amount of Energy and It's Only Getting Worse

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…

Suspect In Bitcoin Mining Heist Who Broke Out of Icelandic Prison Realizes Icelandic Prison Ain’t So Bad

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…

Chinese Police Confiscate 600 Bitcoin Mining Rigs in 'Largest Power Theft Case' in Years

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…