bitcoin
Latest
Coinbase struggles with outages during cryptocurrency volatility
Coinbase is reeling from outages as a massive cryptocurrency selloff takes place.
Crypto exchange Binance faces US money laundering probe
Binance, the world's leading cryptocurrency exchange, is reportedly being probed by the DoJ and IRS amid allegations that it is being used to launder money.
Elon Musk efficiency tweet pushes Dogecoin prices up again
Doge prices spiked after Elon Musk tweeted about "potentially promising" work to make the meme cryptocurrency more efficient.
Tesla suspends Bitcoin car purchases citing environmental impact
You can't buy a Tesla with Bitcoin anymore.
Coinbase now lets US users pay for cryptocurrency through a PayPal account
Starting today, PayPal users in the US can link their accounts to Coinbase to make it easier to buy digital currencies like Bitcoin, Ethereum and Litecoin.
Venmo built crypto trading into its payments app
PayPal-owned payments company Venmo is rolling out the ability to buy and sell cryptocurrency to users.
Tesla now accepts Bitcoin in the US
As it promised earlier this year, Tesla now accepts payment in Bitcoin, according to Tesla's website and a tweet from CEO Elon Musk.
Coinbase fined $6.5 million over cryptocurrency trading claims
Regulators have fined Coinbase $6.5 million for allegedly misleading cryptocurrency buyers about trading volumes.
Teenage Twitter Bitcoin hacker will spend three years in prison
Graham Ivan Clark, the teenage hacker who authorities accused of being the mastermind behind the infamous Twitter Bitcoin hack last year, has pleaded guilty to 30 charges against him.
NFTs are both priceless and worthless
NFTs could become the next big thing for investment, or not.
Jay-Z and Jack Dorsey launch a Bitcoin development fund
Twitter and Square CEO Jack Dorsey has teamed up with rapper and Tidal chief Jay Z on a new endowment to fund bitcoin development starting in Africa and India.
Mastercard will support cryptocurrency payments later this year
Mastercard has become the latest payment company to give cryptocurrencies its blessing. The financial services firm has begun preparations to support select cryptocurrencies later this year, Mastercard’s digital asset and blockchain VP Raj Dhamodharan said in a blog post.
Europol takes down hackers who allegedly stole over $100 million in crypto from celebs
Eight men have been arrested in the UK for their role in a spate of hacks on US celebs, per Europol, after the criminals broke into the victims’ phones to steal over $100 million in cryptocurrencies. SIM-swapping involves hackers taking control of a person’s phone number by deactivating their SIM and porting the number over to their own SIM card. This is typically done with the help of an insider at the targeted phone service or through social engineering ploys, such as phishing, according to law enforcement.
Tesla buys $1.5 billion in Bitcoin, will soon accept it as payment
Tesla will start taking Bitcoin payments for its products, and has bought $1.5 billlion worth of the digital currency.
India will propose a law banning private cryptocurrencies like Bitcoin
India is planning to introduce a law that would ban private cryptocurrencies like Bitcoin and help set up an official currency instead.
Mt. Gox exchange users may finally get to recover some of their lost Bitcoin
An agreement between Mt. Gox’s bankruptcy trustee and another group might allow creditors to recover as much as 90 percent of the remaining Bitcoins.
Bitcoin exchange owner who helped scam eBay buyers sentenced to 10 years in prison
Rossen G. Iossifov, the Bitcoin Exchange owner who was accused of laundering money for a Romanian gang putting up fake car listings on eBay, has been sentenced to 10 years in prison. According to the Department of Justice, Iossifov was sentenced “for conspiracy to commit a Racketeer Influenced and Corrupt Organizations Act (RICO) offense and conspiracy to commit money laundering.” Based on the evidence submitted to court, Iossifov knowingly assisted the gang of fraudsters in laundering the proceeds of their fraudulent scheme while taking steps to protect himself from criminal liability.
Bitcoin exchange founder sentenced to prison for money laundering
Alexander Vinnick, the Russian man who founded and ran the now-defunct Bitcoin exchange service BTC-e, has been sentenced to five years in prison. A Paris court has found Vinnick guilty of money laundering and has ordered him to pay €100,000 (US$121,000) in fines. Vinnick was arrested in Greece back in 2017 under an international warrant issued by the US Department of Justice and was extradited to France earlier this year.
FX and Hulu are airing a documentary on the teenage Twitter hacker
This is season one, episode five of The New York Times Presents documentary series.
PayPal now lets all US users buy, sell and hold cryptocurrency
PayPal is bringing its newly-announced support for cryptocurrency to all US accounts.