Enlarge (credit: Bloomberg / Getty Images News) Binance, the world’s largest cryptocurrency exchange, is under investigation by a laundry list of US government agencies, including the US Justice Department, the Internal Revenue Service, and the Commodity Futures Trading Commission, according to a report by Bloomberg. The agencies are probing Binance for potential criminal violations, the […]
Enlarge / Elon Musk in 2020. (credit: BRENDAN SMIALOWSKI / Getty) Tesla CEO Elon Musk announced on Wednesday that Tesla would stop taking bitcoin as payment for the company’s electric vehicles. The change comes less than two months after the automaker began accepting the cryptocurrency. Why the about-face? Musk now says he has concerns over bitcoin’s […]
Enlarge (credit: Aurich Lawson / Getty) Few bitcoin projects illustrate the cryptocurrency’s enormous climate impact better than the Greenidge power plant in upstate New York. The once-abandoned power plant was bought by private equity firm Atlas Holdings and retasked. A significant portion of Greenidge’s electricity no longer powers nearby homes or businesses; rather, the plant’s […]
Enlarge / Promotional image of Crypto on Venmo. (credit: Venmo) The PayPal-owned Venmo service will let users buy, sell, and hold bitcoin and other cryptocurrencies within the Venmo app, the company announced today. “Customers will have the ability to buy and sell cryptocurrency using funds from their balance with Venmo, or a linked bank account or […]
Enlarge (credit: Getty Images) A newly discovered cryptomining worm is stepping up its targeting of Windows and Linux devices with a batch of new exploits and capabilities, a researcher said. Research company Juniper started monitoring what it’s calling the Sysrv botnet in December. One of the botnet’s malware components was a worm that spread from […]
This image is practically worthless. But an NFT representing the same 3D model just sold for $18,000. The corporate entity managing the Atari brand name (which has only the slightest connection to the original company known as Atari at this point) is the latest company to get in on the speculative mania surrounding non-fungible tokens (NFTs). […]
Enlarge / Indian Prime Minister Narendra Modi. (credit: T. Narayan/Bloomberg via Getty Images) The government of India is planning to introduce legislation banning cryptocurrency, Reuters reports. The law would impose fines on anyone who trades, mines, or even holds cryptocurrency. The government has a comfortable majority in parliament, giving the proposal a good shot at […]
Enlarge / John McAfee on his yacht off the coast of Cuba in 2019. (credit: Adalberto ROQUE / AFP / Getty) Federal prosecutors have indicted noted cybersecurity eccentric John McAfee for securities and wire fraud for misleading investors at the peak of the last cryptocurrency boom. In late 2017 and early 2018, McAfee urged his […]
Enlarge (credit: Getty Images) A former phone company worker has been charged with conspiracy to commit fraud for allegedly using his access to customer account data to take over the phone numbers of 19 customers, including at least one cryptocurrency holder. Stephen Daniel DeFiore of Brandon, Florida, received about $2,325 between October 20, 2018, and […]
Enlarge (credit: Onay Jakobov / EyeEm / Getty) Dogecoin—the cryptocurrency based on a meme about an over-enthusiastic Shiba Inu dog—reached an all-time record price of 4 cents on Thursday evening. That represents an incredible fivefold increase over the preceding 24 hours. The cryptocurrency was trading for less than a penny on Wednesday evening. Dogecoin’s rally appears […]