Tech

Wikipedia community votes to stop accepting cryptocurrency donations

Enlarge (credit: iStock / Getty Images Plus) More than 200 long-time Wikipedia editors have requested that the Wikimedia Foundation stop accepting cryptocurrency donations. The foundation received crypto donations worth about $130, 000 in the most recent fiscal year—less than 0. 1 percent of the foundation’s revenue, which topped $150 million last year. Debate on the […]

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Bitcoin’s massive energy use faces $5M shame campaign from environmental groups

Enlarge / A technician inspects the backside of bitcoin mining at Bitfarms in Saint Hyacinthe, Quebec, on March 19, 2018. (credit: Lars Hagberg / AFP) Bitcoin has a voracious appetite for energy, a foundational characteristic of the cryptocurrency that some environmental groups say they are hoping to change. A new pressure campaign, called Change the […]

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Russia can’t find enough buyers for its oil, considers selling in bitcoin

Enlarge / The sun sets beyond an oil pumping unit, also known as a pumping jack, at a drilling site operated by Tatneft OAO near Almetyevsk, Russia. (credit: Andrey Rudakov/Bloomberg) Russia’s economy is in shambles, and the value of the ruble has plummeted as the country finds itself increasingly isolated from global trade in the […]

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Biden considers digital dollar—here’s how it could differ from regular money

Enlarge (credit: Getty Images | MirageC) President Joe Biden today issued an executive order that could lead to the US creating a digital currency. “My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC [Central Bank Digital Currency],” the executive order said. […]

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$3.6 billion bitcoin seizure shows how hard it is to launder cryptocurrency

Enlarge / The IRS detailed the winding and tangled routes the couple allegedly took to launder a portion of the nearly 120,000 bitcoins stolen from the cryptocurrency exchange Bitfinex in 2016. (credit: William Whitehurst | Getty Images) On Tuesday, Ilya Lichtenstein and Heather Morgan were arrested in New York and accused of laundering a record […]