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Stolen Bored Apes Yacht Club NFT owner sues the OpenSea exchange with "my Bored Ape is rarer than Justin Bieber's" argument

One Timothy McKimmy has filed a lawsuit against the OpenSea NFT exchange platform claiming that they had their pricey Bored Ape Yacht Club series NFT stolen without any repercussions. The Bored Ape #3475 NFT, they argue, is rarer ...

Daniel Zlatev, 23 Feb 2022 13:08

Cryptominers may soon be able to comfortably unlock the full hashrate performance of most Nvidia RTX LHR GPUs (Image: Christian Wiediger)

Nvidia RTX LHR v2 Unlocker claims to restore the full cryptomining performance of hamstrung GeForce GPUs

(Update: Malware warning) A public beta of the nifty little piece of software for cryptominers will be released in the coming few days, and it could possibly impact the prices of all Nvidia's RTX GPUs with the infamous hashrate li...

Enrico Frahn, 22 Feb 2022 23:42

NFTs have been stolen in a phishing attack on OpenSea users. (Image source: Michael Dziedzic via Unsplash)

NFTs valued at over US$1.7 million have been stolen from OpenSea users

A phishing attack on users of OpenSea has resulted in the theft of NFTs worth millions of dollars. The source of the attack remains unclear, with 17 affected users identified.

Polly Allcock, 22 Feb 2022 11:18

China's digital currency cards used as official payment method at the Olympics

China set digital yuan machines for athletes, Olympics officials or visitors to exchange their dollars or rubles to the local e-CNY digital currency as a way to popularize it. The digital renminbi ATMs took many foreign currencies...

Daniel Zlatev, 20 Feb 2022 14:07

Ukraine legalizes Bitcoin on second attempt in five months (Source: Crypto Currency News)

Ukraine legalizes Bitcoin and other virtual assets

Yesterday, Ukraine legislators voted in favor of legalizing cryptocurrencies. The goal of this move is to reduce corruption risks and to prevent fraud. This is the second attempt in five months, as the early October bill that had ...

Codrut Nistor, 18 Feb 2022 17:07

Steam has now removed mods by Chaos that contained potential malware and Bitcoin miners. (Image Source: Epic Games Store)

Potential malware-ridden, Bitcoin mining Cities: Skylines mods removed by Steam

Steam has now removed suspicious mods of the popular game Cities: Skylines after users complained of performance regressions upon installing a redesigned Harmony mod. Turns out that the redesigned mod was created by a notorious de...

Vaidyanathan Subramaniam, 18 Feb 2022 14:29

'Keep Your Coins' crypto asset forfeiture bill introduced in Congress to curb the government's digital wallet seizure powers

Prompted by the cryptocurrency wallet forfeiture possibility opened by the Canadian government's Emergencies Act against the so-called Freedom Convoy financing, a U.S. congressman is introducing a new "Keep Your Coins" bill. It ai...

Daniel Zlatev, 16 Feb 2022 13:54

The 'free bitcoin' Coinbase Super Bowl QR code ad crashed the crypto exchange, prompting a reaction by Edward Snowden

The popular cryptocurrency exchange Coinbase ran one of the most memorable Super Bowl ads in recent memory - a mystery bouncing QR code with allusions to The Office TV series and 8-bit gaming. The Coinbase Super Bowl commercial wa...

Daniel Zlatev, 14 Feb 2022 16:43

Binance CEO whose Bitcoin riches surpass Satoshi Nakamoto's pours US$200 million into Forbes to spread the word about crypto

Before Bloomberg recently ranked the richest people in crypto, everyone assumed that this was Satoshi Nakamoto, the mystery Bitcoin protocol creator who allegedly owns 1.1 million of the earliest bitcoins mined. It turned out that...

Daniel Zlatev, 12 Feb 2022 15:54

Intel's upcoming "Bonanza" ASICs are supposedly very efficient at SHA-256 based Bitcoin mining (Image: Intel)

Intel officially enters the cryptomining business with new Bonanza chips which supposedly deliver 1000x better performance per watt than mainstream GPUs

Intel's new energy-efficient accelerators for cryptomining are intended to prepare the company for the era of the metaverse and Web 3.0, while gamers probably hope that these new chipsets could potentially ease the continuous GPU ...

Enrico Frahn, 11 Feb 2022 22:40

Apple's new feature in action. (Source: Apple)

Apple's new Tap to Pay on iPhone feature raises hopes of on-device crypto transactions in the near future

Apple has announced that a new feature by which merchants will be able to take in-person payments using nothing more than their iPhone, using these devices' NFC modules. Although it is not to become available until later in 2022, ...

Deirdre O'Donnell, 09 Feb 2022 23:16

The United States Department of Justice seized $3.6 billion in bitcoins this morning. (Image via US DOJ)

United States Department of Justice seizes over US$3 billion in cryptocurrency related to 2016 Bitfinex hack

Less than a week after over 94,000 bitcoins linked to the 2016 Bitfinex hack were noticed in a suspicious transfer, the United States Department of Justice has announced the seizure of those bitcoins and the arrest of two individu...

Sam Medley, 08 Feb 2022 20:17

Shiba Inu becomes the most popular coin trade in Ethereum 'whale' wallets as $SHIB price skyrockets after burn announcements

The top thousand of Ethereum "whale wallets" have made Shiba Inu the most widely traded token there, which, together with the announced coin burns, could explain the skyrocketing of the $SHIB price in just the past 24 hours. Shiba...

Daniel Zlatev, 07 Feb 2022 18:52

Tesla nets an accounting loss on its Bitcoin investments, but still has US$2 billion worth

Tesla lost US$101 million on its crypto investments in 2021, reveals its latest SEC filing, as Elon Musk's buoyant $US1.5 billion Bitcoin purchase saw some writedowns throughout the year and towards the crypto price crash at its e...

Daniel Zlatev, 07 Feb 2022 15:43

Bored Apes Yacht Club NFT collection creators revealed as Justin Bieber buys another for US$470,000

To no will of their own, the identities of the co-creators of the popular Bored Ape Yacht Club (BAYC) NFT collection have been revealed. The doxxed Florida men are behind one of the most coveted and celebrity-endorsed NFT kits in ...

Daniel Zlatev, 07 Feb 2022 14:58

A report by Chainalysis has found NFT sellers engaging in wash trading. (Image source: YouTube)

Scathing report finds people profited immensely by selling themselves their NFT collections to artificially increase the value

A report published by Chainalysis has detailed the prolific wash trading going on in the NFT marketplace. The 262 sellers that were selling their NFT collections to themselves engaged in the practice a minimum of 25 times. After a...

Fawad Murtaza, 06 Feb 2022 17:21

Dogecoin founder puts his 'Dreaming Doge' NFT collection up for sale at 0.088 ETH apiece

The original "meme coin" is now reincarnated in the form of an NFT collection by its co-founder called 'Dreaming Doge' and available over at the OpenSea platform. The Dreaming Doge set consists of eight digital art pieces with 88 ...

Daniel Zlatev, 04 Feb 2022 19:15

Scams and crypto-malware are more rampant than ever. (Image Source: Comodo cWatch)

New Mars Stealer malware targets Chrome-based browser crypto wallets

Security researcher warns that the Mars Stealer malware is now affecting Chrome-based browser crypto wallet extensions like MetaMask, Coinbase wallet and Binance chain wallet, plus it also compromises 2FA authenticators like Micro...

Bogdan Solca, 04 Feb 2022 16:41

The Bitcoin network is unlikely to be hit by a surprise quantum attack.

Scientists estimate that quantum computers may become powerful enough to crack the Bitcoin encryption in a decade

Mark Webber and a group of scientists from the University of Sussex calculated that it would take a quantum processor with 1.9 billion qubits to effectively crack the Bitcoin encryption, and this is most likely not going to happen...

Bogdan Solca, 03 Feb 2022 15:29

Hackers managed to steal 119,755 bitcoins from the Bitfinex crypto exchange in 2016. (Image source: Unsplash - edited)

94,643.29 stolen bitcoins worth billions of dollars spotted on the move

A huge number of stolen bitcoins have been spotted on the move. A total of 94,643.29 bitcoins that were taken from the 2016 Bitfinex hack have been transferred to an unknown wallet, with the current street value at the time of wri...

Daniel R Deakin, 02 Feb 2022 19:51

Instead of a ban, India now wants to tax crypto at 30% and make it legal tender

India has swung from an intention to ban all digital assets transactions in the country to a proposal to tax crypto with a 30% government cut on profits and issuing a digital rupee. According to analysts this arguably means that I...

Daniel Zlatev, 02 Feb 2022 17:10

The popular livestreamer Paul Denino bought a new Tesla after an alleged US$500,000 crypto scam (Image: Ice Poseidon)

Popular YouTuber steals US$500,000 from fans and shamelessly buys a new Tesla with the money

In an apparent crypto fraud, a popular game streamer known from Twitch and YouTube has allegedly scammed his fans out of half a million dollars by creating his own cryptocurrency and employing a simple pump and dump scheme. Instea...

Enrico Frahn, 02 Feb 2022 02:37

This large crypto mining rig includes two LHR RTX 3060 Ti boards along with both Nvidia and AMD cards. (Image source: Reddit u/miner69niner - edited)

Crypto miners reveal Nvidia's LHR solution to get GeForce RTX 30 series cards into gamers' hands was futile

An investigation into Nvidia’s Lite Hash Rate (LHR) solution to prevent GeForce RTX 30 series boards from being bought up en masse by crypto miners has revealed that many involved in the crypto craze were not discouraged by Team G...

Daniel R Deakin, 29 Jan 2022 18:12

Spanish authorities shut down a cryptocurrency mining farm in Santiponce, Sevilla (image via El Chapuzas Informatico)

Spanish police on the prowl for an illegal marijuana plantation find a cryptocurrency mining farm in its place

Authorities in the Spanish town of Santiponce busted upon a cryptocurrency mining operation and seized €50,000 worth of equipment. It was initially suspected to be a marijuana farm due to its high energy consumption. The miners we...

Anil Ganti, 29 Jan 2022 10:14

VISA's crypto-backed payment cards notch record transaction volume as owners use them for everyday purchases

Payment card company VISA's crypto wallet-linked cards witnessed a bonanza of transactions in its first quarter of the fiscal 2022 year. VISA's payment cards linked to Bitcoin and other digital currencies scored 70% more in transa...

Daniel Zlatev, 28 Jan 2022 21:05

Lamborghini teamed up with Fabian Oefner to create the 'Space Time Memory' NFT. (Image: Lamborghini)

Lamborghini launches its first NFT

Lamborghini has announced its first NFT in tandem with Swedish artist, Fabian Oefner. The NFT features a space-themed design with a Lamborghini car that is disintegrating into the atmosphere. The company intends to attract young p...

Aleem Ali, 28 Jan 2022 20:54

Ubisoft's NFT implementation might still need some work. (Image Source: Ubisoft)

Ubisoft is trying to educate gamers about NFT benefits

Ubisoft VP Nicolas Pouard is arguing that gamers currently focus too much on the downsides brought upon by NFTs instead of focusing on the direct benefits. Nevertheless, Ubisoft's NFT implementation appears to rely on the cash sho...

Bogdan Solca, 28 Jan 2022 20:42

Christophe De Beukelaer will convert his salary to Bitcoin (Source: Twitter)

Belgian politician Christophe De Beukelaer becomes the first European official to be paid in crypto

Inspired by the mayor of New York City, Belgian official Christophe De Beukelaer has decided to receive his paychecks in Bitcoin. Since he is the first European official to do so and the legal framework is not yet in place, his mo...

Codrut Nistor, 28 Jan 2022 19:21

Reports suggest that stablecoin company Diem is looking to sell its assets. (Image source: Diem)

Meta-backed cryptocurrency company Diem looks to sell off assets, according to rumours

According to recent rumours, Diem, the stablecoin project backed by Meta, is looking to sell off assets such as its intellectual property. The company has faced many setbacks, including warnings from the U.S. Federal Reserve last ...

Polly Allcock, 27 Jan 2022 00:00

YouTube is looking to add NFT integration

With all their controversial issues, NFTs still seem appealing for the YouTube platform, especially when it comes to solidifying the communities created around content creators. A roadmap for YouTube's NFT integration could be pre...

Bogdan Solca, 26 Jan 2022 22:38

IMF urges El Salvador's President to drop Bitcoin as legal tender in US$1.3 billion loan negotiations

The International Monetary Fund has advised that El Salvador's government renege on its decision to make Bitcoin a legal tender in the country, citing "large risks associated with the use of Bitcoin on financial stability..." The ...

Daniel Zlatev, 26 Jan 2022 13:39

Bitcoin mining presents a threat to the American power grid, warns credit rating agency

Adding to the worries of cryptocurrency investors, the credit rating agency Fitch has issued a statement defining Bitcoin mining as a potential threat to the stability of the American power supply system. Not only is crypto mining...

Daniel Zlatev, 25 Jan 2022 13:22

Doctor tries to sell the X-ray of a Bataclan attack survivor depicting lodged Kalashnikov bullet as NFT

An orthopedic surgeon at the Teaching Georges-Pompidou European Hospital has tried to sell an X-ray of one of his patients as NFT. He listed the X-ray of a woman who survived the Bataclan terror attack in Paris with a Kalashnikov ...

Daniel Zlatev, 24 Jan 2022 20:32

Retail prices for RTX 30 and RX 6000 GPUs have fallen in line with Ethereum's market value. (Image source: Nvidia/AMD/Unsplash/Coinbase - edited)

GeForce RTX 30 and Radeon RX 6000 average prices fall as Ethereum price weakens and GPU availability improves

The average retail prices for units in the Nvidia GeForce RTX 30 series and the AMD Radeon RX 6000 range have dropped slightly in the last three weeks. The fall in prices for the Ampere and RDNA 2-based cards appears to coincide w...

Daniel R Deakin, 24 Jan 2022 18:42

The NYC mayor just got paid in crypto (Image source: Traxer on Unsplash)

New York City Mayor receives his first paycheck in crypto

The recently elected mayor of New York City, Eric Adams, has received his first paycheck in cryptocurrency earlier this week via Coinbase's Direct Deposit. Thanks to the Bitcoin & Ethereum combination that was transferred to his w...

Codrut Nistor, 22 Jan 2022 16:24

The price of Bitcoin and most other notable cryptocurrencies has once again dropped significantly (Image: Jeremy Bezanger)

Crypto selloff: Bitcoin crashes below the US$40,000 mark, has dropped 47% in value since November

Another sudden selloff and crashing prices have turned into a major concern for crypto investors. The world's most popular cryptocurrency Bitcoin has meanwhile lost almost half of its value since early November, painting a dire pi...

Enrico Frahn, 22 Jan 2022 03:39

Verified Twitter NFT profile pictures launch in hexagonal shape, NFT avatars can be set in the iOS app only

Twitter is rolling out a way to connect your crypto wallet to your account and pick any NFT image in the JPEG or PNG format there as your profile picture. The NFT avatars will appear in a hexagonal shape instead of a circle, and f...

Daniel Zlatev, 21 Jan 2022 12:16

Bank of Russia proposes a complete ban on Bitcoin mining and crypto transactions

The Russian Central Bank has come up with its own set of proposals to add to the Parliament's working group on crypto regulation that was formed back in December. The head of Bank of Russia's Financial Stability Department present...

Daniel Zlatev, 20 Jan 2022 16:52

Opera outs a Web3 crypto browser with non-custodial wallet integration for Windows, Mac, and Android

Opera has launched a dedicated surfing tool in its Crypto Browser Project that has been built with Web3 in mind from the ground up. Besides an integrated Bitcoin, Ethereum, and other blockchains wallet, the browser features a Cryp...

Daniel Zlatev, 19 Jan 2022 14:05

Dogecoin is now acceptable to Tesla. (Image source: Unsplash)

Dogecoin gets back in the game as Tesla begins accepting it (car payments not included yet)

Although no Tesla cars can be purchased using DOGE yet, the official Tesla online store is currently selling the Cyberquad for Kids (none in stock right now, apparently) and accepts this meme coin as (the only?) payment method. Ot...

Codrut Nistor, 14 Jan 2022 18:00

Robinhood will finally trade Shiba Inu starting next month (Source: Robinhood)

Shiba Inu might be coming to Robinhood in February

After an initial jump of over 15 percent that came after the new rumors regarding a listing on Robinhood, Shiba Inu is now down nearly 7 percent compared to yesterday. Although the meme coin will probably hit Robinhood sooner or l...

Codrut Nistor, 13 Jan 2022 23:28

Gap developed NFTs based on hoodie art to better connect with customers of the modern digital world. (Image: Gap)

Gap launches hoodie art NFTs

Gap has released NFTs, which were designed using hoodie art, as part of a digital experience to engage customers in line with modern culture. This customer experience consists of multiple tiers, with the Epic tier created via a pa...

Aleem Ali, 13 Jan 2022 19:33

The prototype of the crypto-mining electric car Daymak Spiritus comes in a patriotic Canadian paint design (Image: Mike Chow)

Crypto-mining electric car: Video shows the Daymak Spiritus completing its first test drive

A prototype of the EV with cryptomining capabilities has been driven on public streets in Canada during a first test drive, and this milestone for the Daymak Spiritus has of course been captured in a recently released video.

Enrico Frahn, 10 Jan 2022 23:13

Satoshi Nakamoto's net worth no longer the richest in crypto, as Binance CEO makes a billionaire list for the first time

Answering the question who is currently the richest person in crypto, the net worth of the Binance exchange founder and CEO has been estimated for the first time. Bloomberg's Billionaire Index immediately shot him before the alleg...

Daniel Zlatev, 10 Jan 2022 16:21

Mozilla halts its policy that enabled donations via cryptocurrencies as the organisation explores the policy's suitability with its stance on the climate. (Image: Mozilla)

Mozilla pauses donations using cryptocurrencies after community fallout

Mozilla, the Firefox browser creator, has paused its policy to enable donations using cryptocurrencies after meeting harsh criticisms from the community. The environmental impact of cryptomining was one of the main concerns voiced...

Aleem Ali, 10 Jan 2022 14:45

AMD's decision to use just 4 GB GDDR6 VRAM on the Radeon RX 6500 XT is apparently to deter cryptocurrency miners. (Image Source: AMD)

Frank Azor: Radeon RX 6500 XT's 4 GB VRAM makes it unattractive to crypto miners, 8 GB variant not being ruled out

AMD introduced the RX 6500 XT at CES 2022 targeting budget 1080p gamers, but the use of just 4 GB GDDR6 VRAM has come into question. AMD's Frank Azor clarified that the use of 4 GB VRAM was to deter cryptocurrency miners from subj...

Vaidyanathan Subramaniam, 09 Jan 2022 17:12

Tesla owners reveal how they mine for Bitcoin and Ethereum with the electric car's battery and GPU

A couple of enterprising Tesla owners have been using their electric cars to mine for cryptocurrencies or privacy tokens like Monero. According to them, the most profitable way to mine for crypto with a Tesla is to use a hacked fi...

Daniel Zlatev, 09 Jan 2022 16:31

PayPal is reportedly considering the release of its own stablecoin

PayPal has indicated to the media that it is currently "exploring" the prospect of its very own stablecoin (a form of cryptocurrency pegged to the value of fiat or a commodity standard). This announcement follows the discovery of ...

Deirdre O'Donnell, 08 Jan 2022 18:55

In a cringeworthy TV commercial, Matt Damon suggests that brave crypto investors will ultimately be rewarded (Image: Crypto.com)

Matt Damon's crypto commercial gets ridiculed for comparing crypto investments with space travel

Investing in cryptocurrencies like Bitcoin and Ethereum may indeed not be for the faint of heart, but the glorifying narrative conveyed by Matt Damon's latest and quite dramatic Crypto.com TV commercial has now been thoroughly rid...

Enrico Frahn, 07 Jan 2022 01:17

Mass Kazakhstan protests against energy prices jeopardize the world's Bitcoin mining hashrate

After the Chinese ban on crypto mining, Kazakhstan quickly became the world's second-largest Bitcoin hashrate country, only to see its status go down with the statue of ex-President Nursultan Nazarbayev today. Rising energy prices...

Daniel Zlatev, 05 Jan 2022 17:37