Headlines 

Australian who says he invented bitcoin ordered to hand over up to $5bn

US court orders Craig Wright to share cryptocurrency haul with the estate of American programmer David Kleiman The Australian man who claimed to have invented cryptocurrency bitcoin has been ordered to hand over half of his alleged bitcoin holdings, reported to be worth up to $5bn. The IT security consultant Craig Wright, 49, Australian Taxation Office over his involvement with bitcoin with his Sydney home raided by the Australian federal police, leading to speculation he might be Nakamoto. In 2016, Wright questioned the evidence he provided. He promised to provide…

Read More
Headlines 

This Montana County Wants to Crimp Bitcoin to Save the Earth

It’s a well–worn idea that bitcoin is helping to trash the planet, throwing fuel on an already burning world while providing value to very few people. By one recent estimate, the energy used to keep the network going, a process known as mining, is enough to power Hungary. But now a Montana county in the heart of crypto-mining territory is taking matters into its own hands, invoking a local climate emergency in a bid to make bitcoin greener. Missoula County’s strategy rests in the powerful, often-invisible realm of local zoning…

Read More
Headlines 

This ‘CRYPTO’ movie trailer is the best thing about cryptocurrency

KICKBACKS.Image: screenshot / “crypto” With all the exit scams, weird meat obsessions, and cantankerous fan-boy culture, the world of cryptocurrency is kind of a drag. And that’s without even touching on the current and persistent bear market.  But all that has changed, denizens of the internet. Cryptocurrency is good now, and we owe it all to the trailer for the upcoming crypto-themed action flick starring none other than Snake Plissken himself. Say hello to CRYPTO, the film that, like its eponymous subject matter, features a bunch of idiots fighting over…

Read More
Headlines 

Bitcoin, Ethereum and other cryptocurrencies are crashing hard, again

Actually, the price of Bitcoin has more than halved since January.Image: Photo by Yu Chun Christopher Wong/S3studio/Getty Images The cryptocurrency market is bleeding for the second consecutive day, with prices of most popular coins down double digits in the last 24 hours.  Bitcoin, the largest cryptocurrency by market cap, is down 12.4% in this period according to CoinMarketCap and is currently trading at $6,426. Other coins are having it even worse: Ethereum is down 20.5%, Ripple is down 13.3%, Bitcoin Cash is down 20.1% and EOS is down 22.3%.  SEE…

Read More
Headlines 

Why You Need a Physical Vault to Secure a Virtual Currency

I am transfixed by the plummeting signal strength on my phone as employees of cryptocurrency exchange Coinbase close the flap of the stuffy silver tent I’m standing inside. The fabric walls enclose a cubic space about 8 feet across and contain mesh that functions as a Faraday cage, which blocks electromagnetic radiation. By the time the tent is sealed, my connection to the outside world has drained away to nothing. Now the ceremony can begin. I’m about to witness an arcane ritual intended to bewitch Wall Street and help it…

Read More
Headlines 

The PGA just got hit with ransomware

This club was built for mining.Image: Sam Greenwood/getty Raise that single gloved-hand to your mouth in shock: The hackers have gone after golf. America’s last bastion of proud visor-wearers is scrambling this week, after unknown criminals took over the PGA of America’s servers on Tuesday — locking the golf association out of its files just days before the official Aug. 9 start of the PGA Championship in Missouri. And you better believe those hackers want bitcoin.  SEE ALSO: Ransomware has been around for almost 30 years, so why does it…

Read More
Headlines 

Thailand Leads in Crypto by Skipping the Big Debate

Securities, or not securities. That is the crypto question. Except in Thailand. While regulators around the world have grappled with the issue of what category digital currencies and assets fall into, Thailand has skipped the debate altogether. Instead, using an emergency decree that came into effect earlier this year, authorities wrote an entirely new law. The result is the Securities and Exchange Commission is trying to strike a balance between those who view cryptocurrencies as evil and those who use them for gambling, Archari Suppiroj, director of the commission’s fintech department said at last month’s I’ve argued…

Read More
Headlines 

Crypto Collapse Spreads WithHundreds of Coins Plungingin Value

The meltdown in Bitcoin is weighing on more than the biggest cryptocurrency. Over 80 percent of 1,586 digital coins Finder.com tracks in a weekly survey decreased in price in the past seven days. The tokens fell 19 percent on average, Finder.com found in the week ended June 25. Trading volume dropped as well, declining by 6 percent from the previous week, Finder.com said. Bitcoin, Tether, Ether, EOS and Bitcoin Cash were the top five traded cryptocurrencies. Volume was half of what it was at the end of April, when Finder.com…

Read More
Headlines 

George Soros Prepares to Trade Cryptocurrencies

The family office is said to have recently approved trading Soros called the digital assets a ‘bubble’ in January George Soros called cryptocurrencies a bubble in January. Now his $26 billion family office is planning to trade digital assets. Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade virtual coins in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment. Soros, Read more: Crypto Hedge-Fund Bubble Begins…

Read More
Headlines 

Where Could Bitcoin Succeed as a Currency? In a Failed State

When Juan Pinto gets in line at the movie theater, he takes out his phone and trades just enough bitcoin for Venezuelan bolivars to pay for the ticket by the time he gets to the counter. Pinto lives in Venezuela, but doesn’t keep any of his money in the national currency. The 29-year-old quit his job as a mechanical engineer to dedicate his life to cryptocurrency three years ago, when he says he “fell in love with the technology.” Venezuela’s crumbling economy played a part as well. “Being a Venezuelan…

Read More
Headlines 

Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange

Japan’s FSA warns Binance for operating without a license Biggest cryptocurrency fell 4.5% after news first reported told Bloomberg in January that it was working to acquire a license in Japan, but the warning could complicate those efforts. Zhao said on Thursday that the exchange is “engaged in constructive dialogue” with the FSA. While Binance was founded in Hong Kong last year, Zhao has said that his company does not currently have a legal headquarters anywhere in the world.

Read More
Headlines 

Bitcoin Newbies Are Getting Crushed While Old Timers Bemoan `Weak Hands

For Bitcoin investors, these are the times that try one’s soul. After surging to almost $20,000 in December following the introduction of regulated futures contracts in the U.S., the world’s largest cryptocurrency has lost more than half its value, plummeting to as low as $7,614 on Friday. It regained some ground on Saturday, rising 7.5 percent to $9,290.15 as of 2:58 p.m. in New York, according to Jamie Dimon to Nouriel Roubini have labeled as one of the biggest asset bubbles in history began showing signs of deflating. Selling by…

Read More
Headlines 

Bitcoin Whipsaws Investors as Bubble Shows Signs of Bursting

Bitcoin whipsawed investors, falling below $8,000 for the first time since November before recovering most of Friday’s losses, as a miserable 2018 continued for cryptocurrencies. Since reaching a record high of $19,511 on Dec. 18 shortly after the introduction of regulated futures contracts in the U.S., Bitcoin has wiped out more than half its value amid waves of negative news. Setbacks included escalating regulatory threats from authorities around the world including India, raided Coincheck’s offices Friday morning, a week after the robbery, hauling out documents and computers as evidence. The…

Read More
Headlines 

U.S. Regulators Subpoena Crypto Exchange Bitfinex, Tether

U.S. regulators are scrutinizing one of the world’s largest cryptocurrency exchanges as questions mount over a digital token linked to its backers. The U.S. Commodity Futures Trading Commission sent subpoenas on Dec. 6 to virtual-currency venue Bitfinex and Tether, a company that issues a widely traded coin and claims it’s pegged to the dollar, according to a person familiar with the matter, who asked not to be identified discussing private information. The firms share the same chief executive officer. Tether’s coins have become a popular substitute for dollars on cryptocurrency exchanges…

Read More
Odds and Ends 

50 Cent realizes hes a Bitcoin millionaire thanks to sales of a 2014 album

Call him the ultimate hodler. After being one of the first musicians to accept Bitcoin all the way back in 2014, Rapper 50 Cent (a.k.a. Curtis Jackson) appears to have accumulated a small fortune in the volatile digital currency. As TMZ first reported, and the man himself seems to have confirmed, 50 Cent left his Bitcoin sales untouched until rediscovering them some time recently. At the time, he reportedly raked in around 700 bitcoins in album sales for his fifth album, Animal Ambition, which launched in June 2014. TechCrunch reached…

Read More