Bitcoin crosses the $100,000 mark for the first time
Bitcoin has finally crossed the long-awaited six figures mark. The cryptocurrency is up 140% in 2024 and is expected to continue its upward trajectory under the upcoming Trump administration.
Cryptocurrency
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GTA VI competitor Paradise turns out to be a Russian crypto rip-off
Ultra Games' open-world game Paradise caused a stir two months ago with an impressive trailer. After having amassed over 650,000 views, it has now become clear that Paradise is simply a crypto rip-off from Russia rather than an al...
Bitcoin breaks the $80,000 barrier
Although those over-the-top predictions that mentioned figures well above the $100,000 threshold failed to come to fruition year after year, the world's first cryptocurrency has finally managed to break the $80,000 barrier. Today,...
German telecom giant to mine Bitcoin using excess green energy
Deutsche Telekom has announced an agreement with Bankhaus Metzler to trial Bitcoin mining using excess green energy in peak production moments, thus stabilizing the balance between supply and demand in a rather unorthodox way.
BingX cryptocurrency exchange loses over $52 million to hot wallet hack
The BingX cryptocurrency exchange has lost over $52 million to a hot wallet hack. The hack occurred around 4 pm UTC+8 in Singapore. BingX has frozen transfers and initiated emergency procedures to minimize losses.
Bitcoin could become a strategic reserve in the US
With a federal debt of over $35 trillion, the US is looking at solutions to reduce this figure, and Bitcoin might be the answer. A recent proposal by US Senator Cynthia Lummis mentions the purchase of one million bitcoins, which a...
WazirX exchange implements a two-tiered recovery plan for users following $230 million crypto theft
WazirX has outlined a strategy to address a recent cyberattack that resulted in the loss of over $230 million in crypto assets. The crypto exchange has implemented a two-tiered recovery plan, allowing users to choose between prior...
$230 Million (₹1,924.41 Crore) vanish from Indian crypto exchange WazirX in suspected North Korean hack
Major Indian crypto exchange WazirX suffered a security breach, losing over $230 million in digital assets. The company posted a tweet on 18th July (3:48 AM EDT) announcing suspension of withdrawals as they investigate the inciden...
Hackers recover $3 million in bitcoin from software wallet locked for over a decade
Well-known YouTuber and ethical hacker Joe Grand, along with fellow software wizard Bruno successfully reverse-engineered a password generation tool and discovered a critical flaw in its earlier version. Thanks to this feat, they ...
Bill Gates’ TerraPower starts construction on sodium-cooled Natrium nuclear power plant to help meet surging electricity demand from AI, EV, and cryptocurrency use
Bill Gates’ TerraPower has started construction on its sodium-cooled Natrium nuclear power plant in Wyoming. Partnering with the US Dept. of Energy, the project reactor will provide 345-megawatts of electricity to help meet surgin...
US-based cryptocurrency miners reportedly took ~143,000 BTC home in 2023
The US is second to none with ~143,000 BTC mined in 2023 according to a report by BitRiver, the leading Russian cryptocurrency mining farm operator. This corresponds to $9.6 billion at May 18, 2024 value. Russia is a distant secon...
Binance founder to serve 4 months in prison
The founder of Binance, Changpeng Zhao, has been sentenced to four months in prison for putting profits above the law. The company was found guilty of inadvertently helping fund various criminal activities around the globe. Zhao p...
Bitcoin breaks the $60,000 barrier once again
After spending more than two years at lower altitudes, Bitcoin returned above the $60,000 threshold earlier today. With a few months left until the next so-called "halvening" and thanks to favorable market conditions, Bitcoin coul...
German police breaks previous record with $2.1 billion Bitcoin seizure
As part of an ongoing investigation that involves German authorities, an unnamed forensic IT company from Munich, and the FBI. Roughly 50,000 bitcoins were seized from two people suspected of money laundering and more. The two ind...
XPayments account appearance re-ignites X/Twitter in-app transactions speculation
The registration of a new X/Twitter account with apparent direct links to the company may be connected to its owner Elon Musk's long-held aspirations of converting it into an "everything app". On that note, the same social media p...
U.S. Securities and Exchange Commission X account hacked
The X account of the United States Securities and Exchange Commission, which oversees and regulates investments, was hacked earlier this week. The hackers created a false post stating that Bitcoin ETFs had been approved for tradin...
North Korean hackers rake up US$3B in Crypto over six years
Recorded Future’s Insikt Group reported that hackers backed by a regime have acquired an estimated US$3 billion by targeting the cryptocurrency and finance industry, with South Korea being their primary target, as well as the rest...
PayPal enters the crypto market with PYUSD
Previously rumored to arrive as PayPal Coin, the brand's first step into the crypto market finally took place yesterday. The PayPal USD (PYUSD) stablecoin, which will be soon traded via the PayPal apps/website, is fully backed by ...
Tesla could add Bitcoin and Dogecoin payment methods as Twitter snoop reveals several mentions of controversial cryptocurrencies in site code
After shelving Bitcoin as a payment method due to criticism over environmental concerns, it appears that Tesla may start accepting the cryptocurrency as payment for its electric vehicles in the near future. The site's code also ma...
Samsung's upcoming 3 nm gate-all-around chips discovered inside cryptomining rigs
While the first 3 nm chips from big companies like Apple could launch in late 2023, obscure companies like MicroBT already offer 3 nm technology to cryptominers for a substantial premium. MicroBT's M56S++ model was recently discov...
Crypto comeback: Bitcoin cruises past US$30,000 barrier thanks to possible ETF approval
BlackRock's new Bitcoin ETF would give millions of Americans easy access to crypto investments, which has pushed the digital currency market to prices that haven't been seen in over twelve months. Aside from the positive developme...
Bitcoin whitepaper is hidden deep in Apple's macOS
The entire Bitcoin whitepaper can be accessed in pdf form through the Image Capture utility or directly opening it through a terminal command. It has been "a feature" since the 2018 Mojave update, but anonymous sources claim that ...
NVIDIA's Kagan lambasts crypto as useless for humanity as he touts AI
Despite the billions in profits from graphics cards bought for crypto mining rigs, NVIDIA's Chief Technical Officer confirmed that the company has a love-hate relationship with cryptocurrencies. 'I never believed that is something...
Japan's digital yen to begin testing in April, official launch not in sight for now
While the crypto market continues to struggle, Japanese authorities are planning to test the use of an official digital coin. The country's central bank revealed that a digital yen will be tested starting in April. Last year, Chin...
Bitcoin went up 37% in the last month
After climbing more than US$6,000 in the last 30 days, Bitcoin has reached a price of over US$23,000. While this translates to a solid growth of around 37%, there is a long road ahead until the all-time high value of US$68,789.63....
Cryptominers are selling used GPUs as new with repainted VRAM chips
Brazilian YouTuber Iskandar Souza and GPU repair specialist Paulo Gomes expose a new scheme involving used mining GPUs sold as new from Chinese online retailers. In order to hide the yellow tint on VRAM, cryptominers are now repai...
Former FTX CEO Sam Bankman-Fried faces up to 115 years of jail time in the US while currently detained in tough Bahamian prison
Sam Bankman-Fried, the founder and former CEO of FTX, has been arrested and detained in the Bahamas. The entrepreneur, who has now lost his billionaire status, could end up being sentenced to as much as 115 years in prison after b...
Tim Draper: Bitcoin will hit US$250,000 by mid-2023
Although he already predicted in 2018 that Bitcoin would hit the US$250,000 threshold in less than four years, venture capitalist Tim Draper is back with another similar prediction. This time, he claims that the quarter million ba...
OpenSea: NFT creators earned over US$1 billion in fees this year
According to OpenSea, NFT creators earned over US$1 billion this year so far (based on the sales concluded between January 1 and November 23 on the platform). This amount does not include grants, various incentives, or sponsorship...
Bitcoin price is on its 'last stand' as per ECB Director who warns banks against promoting it
The world's most popular cryptocurrency Bitcoin is headed to 'irrelevance,' said the European Central Bank Director General, claiming that the recent price stabilization may be a dead cat bounce. He also warns banks that they will...
Shiba Inu now accepted for payment by Atheist Shoes
While the crypto market continues to struggle, BitPay announces a new partnership that brings a popular meme coin into the spotlight once again. Berlin-headquartered shoe manufacturer Atheist Shoes is now accepting Shiba Inu payme...
US initiates 12-week test program for digital dollar tokens
In the aftermath of the FTX collapse, the US decided to start testing a CBDC digital dollar for the next 12 weeks. This trial program is initiated by the Federal Reserve Bank of New York and is intended to assess the feasibility o...
Santander will block all payments to crypto exchanges for UK customers next year
Although the timeline is not public yet, UK customers of the Santander bank will no longer be able to acquire crypto in less than a year. As a new move in its fight to protect customers from scams, the bank will block online, mobi...
Vertu Metavertu is a new "Web3" smartphone that can be configured to cost over US$41,000
The luxury-focused smartphone brand Vertu has adopted Web3 with the new Metavertu handset. It sports a number of 'normal' flagship-grade features such as the Snapdragon 8 Gen 1-powered device and a large FHD+ AMOLED display, yet p...
Google teams up with Coinbase to accept crypto payments for cloud services
The long-term strategic partnership inked by Google Cloud and Coinbase involves the ability of select Web3 customers to pay for their cloud services using select cryptocurrencies. The list of supported currencies has not been unve...
Kim Kardashian banned from peddling crypto and fined US$1.26 million as the SEC cracks down on influencer scams
Kim Kardashian's brief flirt with scammy crypto advertising would cost her a 3-year ban on crypto promotions and US$1.26 million. That's the US$250,000 she received for the post touting an EthereumMax token, plus interest and a US...
Ethereum completes PoS merge, but GPU-based ETH mining is not dead yet
With the recently completed Ethereum PoS merge, the coin would effectively become unmineable via GPUs some time in 2023. However, an immediate GPU dump is unlikely, as new PoW alternatives including Ethereum Classic or the newly-c...
Ethereum Merge event may land early to cut electricity use 99% as Norway explores ETH-based digital currency
The long-awaited shakeup of crypto's electricity bills in the form of Ethereum's so-called Merge event may happen as soon as Thursday instead of on the 'soft' September 19 deadline. The drastic ETH mining power draw reduction may ...
Hackers drain over US$4 million from thousands of Solana wallets in yet another widespread crypto hack
Thousands of Solana wallets have been drained thanks to a widespread attack on Slope mobile wallets. According to initial investigations, the attack is only limited to software wallets as hardware wallets haven’t been breached.
Satoshi Nakamoto fraud lawsuit earns 'Bitcoin inventor' Craig Wright just £1 in damages on 'false claims'
While a London High Court acknowledged the defamatory nature of social media posts debunking Craig Wright's claims that he is the Bitcoin protocol inventor Satoshi Nakamoto, the judge awarded only nominal damages to Craig. The cou...
Elon Musk and Tesla sued for US$258 billion in alleged Dogecoin pyramid scheme
An upset Dogecoin investor claims that Musk and his companies artificially inflated the price of the well-known cryptocurrency Dogecoin, which consequently caused massive losses when the meme coin shed 93% of its value after skyro...
TAG Heuer Connected Calibre E4 gets NFT watch face feature
TAG Heuer has released a new Lens watch face feature that enables you to showcase your NFTs on a Connected Calibre E4 smartwatch. You can choose from various animated layouts and time displays. Plus, the company has partnered with...
Coinbase CEO expects a long crypto winter as the exchange lays off 1100 employees while running an NBA ad to mock pessimists
The plunge in transaction fee revenues is forcing the largest crypto exchange in the US Coinbase to do another round of layoffs, this time of 18% of its staff. 'A recession could lead to another crypto winter and could last for an...
Shiba Inu founder goes dark(er)
Although not much is known about Shiba Inu's creator, Ryoshi, now this mysterious person is back in the dark after he removed all the social media content he ever posted. However, this extreme move has not affected much the popula...
Dogecoin inventor calls Elon Musk 'grifter' for propping crypto and FSD 'Ponzi' as he predicts a harder price crash
The Australian co-creator of the meme cryptocurrency Dogecoin, Jackson Palmer, has some harsh warnings about the future of crypto and doesn't mince words when it comes to Tesla's CEO Elon Musk. Musk, according to Mr. Palmer, has n...
Nvidia's latest Game Ready 512.95 driver restores LHR crypto mining limiter on Ampere cards but it is not foolproof
Nvidia has released its latest Game Ready drivers. The 512.95 drivers enable Light Hash Rate (LHR) fully once again on the RTX 3000 series cards. The drivers also bring DLSS and raytracing support for Hitman 3.
Robinhood plans to launch a non-custodial crypto wallet for web3 before 2023
After launching a custodial crypto wallet in April, Robinhood has announced that it is developing a non-custodial crypto wallet, calling it a "web3 wallet that will allow customers to have total control of their crypto." Robinhood...
NVIDIA GeForce RTX 3000 series LHR mining limit gets fully bypassed: 100 percent hashrate now possible on NiceHash QuickMiner with LHR cards
NiceHash recently announced that its QuickMiner software was now capable of fully unlocking the hashrate on most Ampere LHR cards, barring the RTX 3080 12GB and the RTX 3050. This means that LHR-limited Ampere cards like the GeFor...
NVIDIA fined $5.5 million over failure to disclose sales to cryptocurrency miners
NVIDIA has settled charges levied against it by the United States Security and Exchange Commission (SEC). As a part of the settlement, the GPU manufacturer will pay a US$5.5 million penalty. The SEC charged NVIDIA with a failure t...
NFT market crashes as sales figures drop by a massive 92%
The once-hyped digital tokens that are based on the blockchain technology seem to be in much less demand these days as higher interest rates prompt investors to shy away from risky and speculative bets. A full-blown NFT market cra...
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