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…
First, the bad news: Sunday is the anniversary of the disastrous white supremacist Unite the Right rally in Charlottesville, Virginia, that culminated in a neo-Nazi car attack that killed local woman Heather Heyer and wounded scores of others, as well as resulted in the deaths of two police officers. The organizer of…
It’s become all too clear this election season that issues involving technology are becoming a core part of campaigns and voter concerns. The Democratic nominee for governor of Colorado, U.S. Representative Jared Polis, wants to add blockchain to the list of items voters consider this year. But what does that mean?
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…
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.”
Most adults couldn’t even explain the basics of how the blockchain works, and Sesame Street is determined to make sure that won’t be a problem for the next generation. The children’s edutainment series has a venture capital firm that has now invested in a company that wants to give kids the building blocks of…
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…
Life comes at you fast. On Tuesday, news broke that Facebook formed a blockchain division. Now it there is word that the company is looking into creating its own cryptocurrency.
We won’t really know what kind of consequences Facebook will face from the Cambridge Analytica scandal until its next earnings report, months from now. But Facebooks is taking a lesson from struggling iced tea and camera companies by throwing some love to the blockchain. Investors: Are you happy now?
Encrypted messaging app Telegram has already raised such a mind-boggling amount of cash from private investors that it’s scrapping its plans to carry out a broader initial coin offering available to the public, per the Wall Street Journal.
Investors are walking away from a $675 million deal to purchase New York’s storied Plaza Hotel, in part by raising $375 million via an initial coin offering—a largely unregulated form of investment vehicle in which investors are offered cryptocoins instead of traditional stock.
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…
Twitter CEO Jack Dorsey, who also happens to be the chief executive of crypto-friendly mobile payments company Square, appears to be under the impression that Bitcoin will overtake the world’s supply of fiat currency within ten years.
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.”
Chalk it up to the incredibly high creep factor or a second consecutive year of flat sales, but clothing and outdoor equipment chain L.L. Bean’s foray into blockchain-connected attire has reportedly been cancelled. What’s more, the company is downsizing its workforce and eliminating bonuses for employees for the…
John McAfee, the creator of the security software that bears his name, has gotten pretty weird over the many years of his ongoing “lunacy binge.” Just a handful of the times McAfee’s name has popped up in the news in the past few years include allegations of rape, torture, and assassinations during his time as an…
