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.....»»
Judge rejects Sackler immunity deal, vacating Purdue Pharma opioid settlement
Judge: Bankruptcy Court didn't have authority to give legal immunity to Sacklers. Enlarge / Frank Huntley, who raises awareness of opiate addiction with his sculpture "Pill Man," is among protesters who rallied at the Department of Jus.....»»
Pelosi Rejects Stock-Trading Ban For Members of Congress
An anonymous reader quotes a report from Insider: House Speaker Nancy Pelosi on Wednesday rejected the idea of barring members of Congress and their spouses from holding or trading individual stocks while in office. "We are a free-market economy. The.....»»
The Bank of England says Bitcoin could become "worthless"
Bitcoin, like most crypto, often experiences wild price fluctuations: it has dropped by $20,000 in the last month. However, it’s worth remembering that one Bitcoin at its current price of $48,500 is worth almost five times the $10,000 price it sat.....»»
Bitcoin Could Become "Worthless," Bank of England Warns
The Bank of England has said that bitcoin could be "worthless" and people investing in the digital currency should be prepared to lose everything. The Guardian reports: In a warning over the potential risks for investors, the central bank questioned.....»»
Narendra Modi"s Twitter account hacked with announcement India would adopt Bitcoin
Narendra Modi's Twitter handle was "very briefly compromised," his office said, when a tweet was sent from the Indian Prime Minister's account saying his country had adopted Bitcoin and would be distributing the cryptocurrency......»»
Hard Drive With 7,500 Bitcoin Buried in Landfill. Can It Be Dug Up?
In 2013 a British man accidentally threw away a hard drive that contained 7,500 bitcoin. Today it'd be worth over $350 million, reports CNBC: His name is James Howells. He's an IT worker from Wales... He once told NBC News, "It is soul-destroying, t.....»»
PlayStation Acquires Its Fifth Studio This Year
PlayStation acquires Valkyrie Entertainment, making this the fifth studio the gaming giant has purchased this year alone.PlayStation Studios head Hermen Hulst announced today that Sony Interactive Entertainment has acquired independent developer Valk.....»»
Foreign Policy magazine: "Bitcoin Failed in El Salvador." Is the Answer More Bitcoin?
"Bitcoin mining is a process of competitively wasting electricity to guess a winning number every 10 minutes or so," writes author David Gerard in Foreign Policy magazine. And he's got an equally negative take on Salvadoran President Nayib Bukele's.....»»
What you can learn from the Bitcoin crash
Revix explains how the dramatic dip in Bitcoin value is a learning opportunity, and not a cause for panic......»»
The CIA Is Deep Into Cryptocurrency, Director Reveals
An anonymous reader quotes a report from Motherboard: There's a long-running conspiracy theory among a small number of cryptocurrency enthusiasts that Bitcoin's anonymous inventor, Satoshi Nakamoto, was actually the CIA or another three-lettered agen.....»»
Bitcoin"s self-proclaimed inventor largely prevails in trial over stash worth $54 billion
A computer scientist who has claimed to be the inventor of bitcoin largely prevailed on Monday in a Florida jury trial over whether the estate of a former business partner deserved half of a bitcoin cache worth about $54 billion......»»
Bitcoin"s self-proclaimed inventor wins Florida trial over stash worth $54 billion
A computer scientist who has claimed to be the inventor of bitcoin largely prevailed on Monday in a Florida jury trial over whether the estate of a former business partner deserved half of a bitcoin cache worth about $54 billion......»»
Self-Described Bitcoin Creator Must Pay $100 Million In Suit
An anonymous reader quotes a report from Bloomberg: The Australian computer scientist who claims he invented Bitcoin was told by a U.S. jury to pay $100 million in damages over claims that he cheated a deceased friend over intellectual property for t.....»»
Bitcoin, Ether, Other Cryptocurrencies Suddenly Drop More Than 16%
"Cryptocurrency was down by as much as 20% Saturday, hitting its lowest point in months," reports MarketWatch: Bitcoin, the largest cryptocurrency by market value, was down 18% at $46,571.84 at about 7 a.m. ET, according to data from CoinDesk. It te.....»»
Goldman Sachs, Other Wall Street Banks Exploring Bitcoin-Backed Loans
Goldman Sachs is among a handful of tier-one U.S. banks figuring out how to use bitcoin as collateral for cash loans to institutions, CoinDesk reported Thursday, citing people familiar with the plans. From the report: Banks such as Goldman will not t.....»»
UK orders Facebook to sell Giphy, rejects Meta’s proposed merger conditions
UK agency says "behavioral remedies" won't fix problem, so a breakup is needed. Enlarge (credit: Getty Images | Anadolu Agency ) The UK's Competition and Markets Authority (CMA) today ordered Facebook owner Meta to sell Giphy,.....»»
Crypto Miners in Kazakhstan Face Bitter Winter of Power Cuts
Illegal miners and mass relocations after a ban on crypto mining in China have overloaded energy grid. From a report: Matthew Heard, a software engineer from San Jose, is worried about his 33 bitcoin mining machines in Kazakhstan. In the past week, t.....»»
Europe Must Ban Bitcoin Mining To Hit the 1.5C Paris Climate Goal, Say Swedish Regulators
Faced with a sharp rise in energy consumption, Swedish authorities are calling on the European Union to ban "energy intensive" crypto mining. From a report: Erik Thedeen, director of the Swedish Financial Supervisory Authority, and Bjorn Risinger, di.....»»
DCentral Front Runs Art Basel Miami as NFTs and Crypto Continue to Disrupt the Art World
MIAMI–(BUSINESS WIRE)–#DCentral2021—DCentral Miami presented by Bitcoin Latinum, is the largest in-person combined NFT and DeFi conference in history taking place on November 30 to December 1, 2021 at the Miami Airport Convention Ce.....»»
China"s Exiled Crypto Machines Fuel Global Mining Boom
China's ban on cryptocurrency mining in May triggered an exodus of miners and a global race to relocate millions of the clunky, power intensive machines they use to solve complex puzzles and earn bitcoin. From a report: Fourteen of the biggest crypto.....»»