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Bitcoin: A New Regulatory Attack Vector
It looks like the PR battle over how much energy Bitcoin mining consumes is not over after all. A while ago, I declared that it had been won – the tireless pushback from people who actually spend a lot of time researching this had muted the criticism and concern. Facts and reasoning had vanquished fear-mongering
Bitcoin Price Decline Prompts US Mining Firm to Shut Down ‘Indefinitely’
Mar 27, 2020 at 13:30 UTCBitcoin Price Decline Prompts US Mining Firm to Shut Down ‘Indefinitely’Digital Farms, a California-based cryptocurrency mining company, is putting its operations on hold due to the recent decline in bitcoin's price.On March 18, the miner's parent company, investment firm DPW Holdings, filed an update with the U.S. Securities and Exchange…
Insolvent Exchange FCoin Had Bitcoin Outflow Problems Just Two Months After Launch: Report
Feb 21, 2020 at 10:14 UTCUpdated Feb 21, 2020 at 10:19 UTCZhang Jian image via CoinDesk archiveCryptocurrency exchange FCoin, which revealed its insolvency this week, may have already been leaking bitcoin as early as July 2018 – just two months after its debut.On-chain analysis and security startup PeckShield released a report on Friday, suggesting FCoin's…
LocalBitcoins Reveals Security Breach With Some Crypto Wallets Affected
news Finland-based LocalBitcoins, a peer-to-peer bitcoin trading portal, says it has suffered a hack that affected a small number of users. The firm posted an update on Reddit on Saturday saying that it detected the security breach at around 10:00 UTC the same day, “which was related to a feature powered by a third party software.”…
Payza Founders Sentenced in $250M Money Laundering Case
Nov 13, 2020 at 6:25 p.m. UTC(Joseph Maguire / Shutterstock.com)Payza Founders Sentenced in $250M Money Laundering CaseThe founders of digital payments processor Payza will serve year-plus prison terms and forfeit $4.5 million in seized assets for breaking federal money transmission laws, the U.S. Department of Justice said.Brothers Firoz and Ferhan Patel, both Canadian, had pleaded…
Amazon Web Services Looks to Drive Crypto Settlement and Custody to the Cloud
Amazon Web Services (AWS) is searching for a specialist to foster digital asset underwriting, transaction processing, and custody in the cloud, according to a recent job posting.The infrastructure giant wants to hire a Financial Services Specialist to work with global financial institutions and innovative fintechs, and “transform the way they transact digital assets (ex. cryptocurrencies,…
Telegram CEO Donates 10 BTC to Pandemic Relief Effort
May 28, 2020 at 19:03 UTCUpdated May 28, 2020 at 19:04 UTCTelegram CEO Pavel Durov (Credit: TechCrunch/Wikimedia Commons)Telegram messenger founder and CEO Pavel Durov reportedly donated about $90,000 worth of bitcoin (BTC) to help alleviate the financial burden of the COVID-19 pandemic in Russia. Egor Zhukov, a student political activist who organized a crowdfunding campaign…
Bitcoin Most Overbought in 2 Years After Price Rises Back Above $10K
Feb 12, 2020 at 11:21 UTCUpdated Feb 12, 2020 at 11:32 UTCViewBitcoin is at its most overbought level since December 2017, according to the three-day chart's money flow index. If prices fail to establish a foothold above resistance at $10,350, a correction to $9,800 may be seen.The overall trend will remain bullish as long as…