Getting To Know The Bitcoin Currency
Bitcoin as a currency is not a new concept. This is a tool that has been in use since the invention of paper. In fact, it can be credited with creating the first completely decentralized online transaction. When you hear about people making transacti.....»»
Fed Designs Digital Dollar That Handles 1.7 Million Transactions Per Second
An anonymous reader quotes a report from Forbes: As the race against China's development of its central bank digital currency (CBDC) known as the digital yuan continues, the U.S. Federal Reserve accomplished a feat in testing a design for a U.S. digi.....»»
Amateur rapper and her husband accused of laundering $4.5 billion of Bitcoin stolen in Bitfinex hack
Back in 2016, crypto exchange Bitfinex was hacked. Thieves made away with approximately 119,756 bitcoin, which was then worth about $61 million but would be closer to $4.5 billion today. The DoJ seized about 94,000 BTC last week valued at roughly $3......»»
Jack Dorsey"s Cash App Integrates Bitcoin"s Lightning Network
An anonymous reader quotes a report from Bitcoin Magazine: Users of Block's mobile payments platform Cash App can now make instant and free bitcoin payments through the Lightning Network, the company tweeted on Monday. The integration of Bitcoin's se.....»»
A 29-year-old CEO is Pushing Crypto During the Super Bowl by Giving Away Millions in Bitcoin
Americans tuning in to the Super Bowl on Sunday will be inundated with ads from cryptocurrency companies, including the trading platform FTX, which plans to give away millions of dollars in bitcoin. From a report: FTX has spent heavily on sports part.....»»
Feds Seize $3.6 Billion in Bitcoin Stolen From Bitfinex Hack
The Justice Department announced Tuesday morning it seized more than $3.6 billion in allegedly stolen cryptocurrency linked to the 2016 hack of Bitfinex. As part of the operation, authorities detained a New York couple on allegations they planned to.....»»
Inside Kazakhstan"s giant crypto-mine
Kazakhstan is now the world's second biggest crypto-currency mining country, thanks partly to a vast mine in the desert......»»
India says it will launch digital rupee as soon as this year
It is the latest major economy to announce its own virtual currency, as China trials the digital yuan......»»
MIT/Federal Reserve Bank Release Research on a Possible Central Bank Digital Dollar
"The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology's Digital Currency Initiative have come up with an initial design for a central bank digital currency," reports Yahoo Finance. Reuters cautions that the newly-release.....»»
No, Linus Torvalds is not Bitcoin Creator Satoshi Nakamoto
ZDNet reporter Steven Vaughan-Nichols has solved the mystery of whether Linus Torvalds is Bitcoin creator Satoshi Nakamoto: no. But what's interesting is why the reporter had to ask in the first place: In a GitHub Linux kernel repository, it appear.....»»
Quantum computers may be able to break Bitcoin sooner than you think
Researchers say advances in quantum computing will allow for the breaking of Bitcoin encryption within a decade or so......»»
El Salvador Angrily Rejects IMF Call To Drop Bitcoin Use
The government of El Salvador on Monday rejected a recommendation by the International Monetary Fund to drop Bitcoin as legal tender in the Central American country. ABC News reports: Treasury Minister Alejandro Zelaya angrily said that "no internati.....»»
Dorsey Says Zuckerberg Should Have Focused on Bitcoin, Not Diem
Block Chief Executive Officer Jack Dorsey criticized Meta Platforms' failed cryptocurrency project, Diem, saying the company's time would have been better spent focused on advancing Bitcoin. From a report: Dorsey said Tuesday that Meta's approach to.....»»
India Proposes a 30% Tax on Crypto and NFTs Income
India on Tuesday announced plans to launch a digital currency by next year and tax cryptocurrencies and NFTs as the country moves closer to recognizing cryptocurrencies as legal tender in the world's second largest internet market. From a report: Inc.....»»
The Crypto Selloff Wiped $7 Billion Off Corporate Balance Sheets
At least 26 public corporations are holding bitcoin on their balance sheets, according to data compiled by cryptocurrency analytics firm CoinGecko. Since the price of cryptocurrencies began to plummet in November, they've collectively lost nearly $7.....»»
Texas Governor Candidate Plans To Make Texas the "Citadel For Bitcoin"
Texas governor candidate Don Huffines said he is "committed to making Texas the citadel for bitcoin and has released a plan detailing the effort. "As a leader in innovation, Texas needs to lead the nation in Bitcoin & cryptocurrency adoption," it rea.....»»
The Rise of the Crypto Mayors
This new political breed accepts paychecks in Bitcoin. The mayors also want to use buzzy new tech like NFTs to raise money for public projects. From a report: The ballooning popularity of Bitcoin and other digital currencies has given rise to a stran.....»»
Quantum Computers Are a Million Times Too Small To Hack Bitcoin
MattSparkes shares a report from New Scientist: Quantum computers would need to become around one million times larger than they are today in order to break the SHA-256 algorithm that secures bitcoin, which would put the cryptocurrency at risk from h.....»»
IMF Urges El Salvador To Remove Bitcoin As Legal Tender
The International Monetary Fund is pushing El Salvador to ditch bitcoin as legal tender, according to a statement released on Tuesday. CNBC reports: IMF directors "stressed that there are large risks associated with the use of bitcoin on financial st.....»»
Cracking a $2 Million Crypto Wallet
First, he forgot his PIN -- then he started looking for hackers. From a report: In early 2018, Dan Reich and a friend decided to spend $50,000 in Bitcoin on a batch of Theta tokens, a new cryptocurrency then worth just 21 cents apiece. At first, they.....»»
How big does your quantum computer need to be?
Quantum computers are expected to be disruptive and potentially impact many industry sectors. So researchers in the United Kingdom and the Netherlands decided to explore two very different quantum problems: breaking the encryption of Bitcoin (a digit.....»»