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…
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.
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…
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.
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.
The Coinhive service was always intended to help people mine cryptocurrency for good, but we’ve mostly seen it deployed by bad actors hijacking people’s CPUs without their permission. UNICEF is giving everyone a chance to support refugees with the mining tool just by opening a webpage.
A leaky database discovered online contains a wealth of sensitive data belonging to thousands of investors in Bezop cryptocurrency, including photocopies their driver’s licenses and passports, according to a report from Kromtech Security.
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…
Wikileaks, the whistle-blowing organization which is now almost solely run by founder and fugitive Julian Assange from a small room in the Ecuadorian embassy in London where he is claiming asylum from the police, claims that one of its official stores has been taken down by cryptocurrency exchange Coinbase.
Either this man is really good at doing crimes or Iceland is really bad at security. Authorities say a man who is suspected of being the mastermind behind the theft of $2 million worth of bitcoin mining equipment has escaped the Icelandic prison where he was being held. What’s more, he allegedly hopped a flight on the…
Cambridge Analytica, the disgraced data firm that guided the Trump campaign’s digital strategy and sparked Facebook’s latest troubles, reportedly wanted to branch out into shadier business: digital currencies. According to a former Cambridge employee, the planned token was aimed at giving people more control over…
Ian Balina, a popular cryptocurrency evangelist, was in the midst of a standard livestream on his YouTube channel on Sunday night when a viewer asked, “Ian, did you know that somebody transferred all your tokens from your account?” With $2 million worth of cryptocurrency gone from his wallet, Balina claims he was…
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.
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.
Sohrab “Sam” Sharma and Robert Farkas were the operators of an initial coin offering that—according to a Securities and Exchange Commission complaint filed today in the District Court of Southern New York—fleeced investors out of more than $32 million though a business called Centra Tech. Inc. What led to Farkas’s…
A post on Google’s Chromium blog today makes it clear: The search giant won’t allow any new cryptocurrency mining extensions on its browser’s web store, and those already on it will soon get the boot.
Mass-email service MailChimp has updated their acceptable use policy, putting a moratorium on newsletters promoting cryptocurrencies and initial coin offerings. As you can imagine, everyone’s taking it well.
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…
