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.....»»
South African Brothers Vanish, and So Does $3.6 Billion in Bitcoin
A pair of South African brothers have vanished, along with Bitcoin worth $3.6 billion from their cryptocurrency investment platform. From a report: A Cape Town law firm hired by investors says they can't locate the brothers and has reported the matte.....»»
Monero Emerges As Crypto of Choice For Cybercriminals
An anonymous reader quotes a report from Ars Technica: While bitcoin leaves a visible trail of transactions on its underlying blockchain, the niche "privacy coin" monero was designed to obscure the sender and receiver, as well as the amount exchanged.....»»
Monero emerges as crypto of choice for cybercriminals
Untraceable "privacy coin" is rising in popularity among ransomware gangs. Enlarge (credit: 53 Studios | Getty Images) For cybercriminals looking to launder illicit gains, bitcoin has long been the payment method of choice. But another cryptoc.....»»
Bitcoin Plunges As China"s Sichuan Province Pulls Plug On Crypto Mining
An anonymous reader quotes a report from Gizmodo: Bitcoin continued its dramatic plunge to $32,281 Monday morning, down 17.65% from a week earlier as some of China's largest bitcoin mining farms were shut down over the weekend. The bitcoin mining fac.....»»
What Happened When an Entire Town Went Full Crypto
Bloomberg Businessweek describes what happened when an anonymous donor started "seeding" the tiny El Salvadoran surfing village of El Zonte (population: 3,000) with Bitcoin, turning it into the world's biggest Bitcoin experiment. Workers now receive.....»»
Why the Bitcoin bust could finally bring down inflated GPU prices
The recent Bitcoin bust affected more than just the cryptocurrency market. Experts speculate that it may also lead to a drop in the price of RTX 3080......»»
World Bank slams bitcoin, declines to help El Salvador’s cryptocurrency plan
Bank faults bitcoin's “environmental and transparency shortcomings.” Enlarge (credit: Aurich Lawson | Getty Images) Last week, El Salvador’s government passed a law to accept bitcoin as legal tender alongside the US dollar. The country r.....»»
El Salvador Seeks World Bank Help For Bitcoin Implementation
El Salvador has sought assistance from the World Bank as it implements its move to use bitcoin as a parallel legal tender alongside the U.S. dollar, Finance Minister Alejandro Zelaya said on Wednesday. From a report: Zelaya said the Central American.....»»
Why Quantum Computers Won"t End Up Cracking Bitcoin Wallets
"Within a decade, quantum computers could be powerful enough to break the cryptographic security that protects cell phones, bank accounts, email addresses and — yes — bitcoin wallets," writes CNBC. But fortunately, that would happen only.....»»
Is Bitcoin More Traceable Than Cash?
The New York Times argues that this week changed Bitcoin's reputation as "secure, decentralized and anonymous" (adding "Criminals, often operating in hidden reaches of the internet, flocked to Bitcoin to do illicit business without revealing their na.....»»
Global Banking Regulators Call For Toughest Rules For Cryptocurrencies
An anonymous reader quotes a report from The Guardian: Global regulators have said cryptocurrencies such as bitcoin should come with the toughest bank capital rules to avoid putting the wider financial system at risk should their value collapse sudde.....»»
IMF Sees Legal, Economic Issues With El Salvador Bitcoin Move
The International Monetary Fund said on Thursday it has a number of economic and legal concerns regarding the move from El Salvador to make bitcoin a parallel legal tender. Reuters reports: El Salvador has become the first country in the world to ado.....»»
Americans Pocketed $4 Billion In Bitcoin Profits In 2020, Analysis Reveals
Americans got richer off bitcoin than any other country last year -- pocketing $4.1 billion in profits as the price of the volatile cryptocurrency soared to $29,000 from under $10,000, according to a new analysis. The New York Post reports: The US wa.....»»
Seagate and Western Digital increase HDD production as Chia sends sales skyrocketing
The Chia blockchain uses a "proof of space and time" model instead of "proof of work" (Bitcoin) or "proof of stake" (Etherium 2.0), meaning people can farm the crypto by allocating their unused disk space. It's already led to a 500% increase in Adata.....»»
World"s biggest meat processor JBS pays $11 million to ransomware gang
The incident took place last week, shutting down abattoirs in the US, Canada, and Australia. The company, which supplies more than a fifth of all beef in the US, said making the massive Bitcoin payment was necessary to protect customers......»»
How to get Alien Artifacts fast in Fortnite
Alien Artifacts are a new form of currency added to Fortnite chapter 2, season 7. In this guide, we'll show you how to get your hands on them and what they do......»»
Bitcoin becomes an official currency in El Salvador alongside the US dollar
El Salvador has become the first country to officially adopt Bitcoin as legal tender......»»
Bitcoin now legal tender in El Salvador, first nation to adopt cryptocurrency
Central American nation hopes to lower remittance costs and boost investment. Enlarge / El Salvador now says both US dollars and bitcoin are legal tender. (credit: Thomas Trutschel / Getty Images News) On Wednesday, El Salvador’s president.....»»
El Salvador Becomes First Country To Adopt Bitcoin as Legal Tender After Passing Law
El Salvador has become the first country to adopt bitcoin as legal tender. Lawmakers in the Central American country's Congress voted by a "supermajority" in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature's vote. CNBC adds: "The.....»»
US seizes $2.3 million Colonial Pipeline paid to ransomware attackers
Funds seized after Justice Department IDs Bitcoin wallet and obtains its private key. Enlarge (credit: Getty Images) The FBI said it has seized $2.3 million paid to the ransomware attackers who paralyzed the network of Colonial Pipeline and to.....»»