SEC Rejects Valkyrie, Kryptoin Bitcoin Trusts
The U.S. Securities and Exchange Commission vetoed two proposals to offer bitcoin exchange-traded funds, dealing a blow to market participants who had hoped the agency would green light the effort after approving futures-backed bitcoin funds in Octob.....»»
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.....»»
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.....»»
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.....»»
$130 Billion Wiped Off Crypto Markets in 24 Hours
The cryptocurrency market had around $130 billion wiped off its value over the last 24 hours as major digital coins continued their multi-day sell-off. From a report: Bitcoin was last down around 4% at $33,755.57, according to Coin Metrics, while Eth.....»»
Bitcoin drops to six-month low as investors dump speculative assets
Cryptocurrencies tumble in wake of global stock sell-off, proposed Russian crypto ban. Enlarge (credit: Chris Ratcliffe/Bloomberg via Getty Images) Bitcoin dropped to a six-month low on Saturday, extending a steep fall recorde.....»»
El Salvador"s Government Buys More Bitcoin as Its Price Drops to $35,149
As the price of bitcoin drops to $35,149, "The entire country of El Salvador is riding the cryptocurrency wave," reports The Street, "even in its choppiest waters." The first country in the world to adopt bitcoin as legal tender, the Central America.....»»
Bitcoin Extends Slide, Has Fallen More Than 50% From Record High
Bitcoin, the largest digital asset, extended its decline Saturday, and has now shed more than 50% from its record high in November.Bitcoin’s decline since hitting the record has wiped out more than $600 billion in market value, and over $1 tr.....»»
New York City"s mayor really wants you to think he"s getting paid in bitcoin
No, Eric Adams is not getting his salary in bitcoin.The newly inaugurated mayor of New York City raised eyebrows back in November when he promised to take his "first THREE paychecks in Bitcoin," and a Thursday press release titled "Mayor Adams to Rec.....»»