Was late 2017 cryptocurrency spike artificially inflated?
A new report stemming from the University of Texas at Austin claims that the big surge in cryptocurrency values during 2017 was artificially created using a digital currency called Tether. The report focuses on Bitfinex, one of the largest unregulated digital currency exchanges on the market.
Why a 19-year-old Bitcoin millionaire built a working Dr. Octopus suit
What would you do if you were a 19-year-old kid with $3.3 million? There are few people more equipped to answer that than teenaged bitcoin millionaire Erik Finman. His answer? You use some of that cash to build a Doctor Octopus-style exosuit and try and shake up the education system.
Hackers prove how powerful computers can cheat Bitcoin and blockchain
A 51 percent attack on the ZenCash cryptocurrency shows that proof-of-work blockchains like Bitcoin are vulnerable to large-scale computing power. As just one of several recent attacks, it's possible that those behind it are growing bolder and more ambitious with their targets.
Scotland has a rehab clinic for people who are addicted to trading bitcoin
Can't help yourself when it comes to Bitcoin? Castle Craig Hospital is starting to treat cryptocurrency addicts like gambling addicts, and they think they can help you break the "hold on for deal life," or HODL trap. The treatment involves a rather expensive residential program, however.
The Justice Department is now cracking down on cryptocurrency scams
The Justice Department is now working with the U.S. Commodity Futures Trading Commission to launch a criminal investigation to determine if digital coin traders are manipulating prices using illegal practices such as spoofing and wash trading. Sources say the federal probe is in the early stages.
How much energy does Bitcoin mining require? Experts are unsure
How much energy is required to mine Bitcoin or other cryptocurrencies? A recent study estimates that Bitcoin mining uses as much energy as Ireland, but some experts disagree with those findings.
Bitcoin’s profitability called into question as energy consumption rises
Growing interest in Bitcoin is wielding a double-edged sword against cryptocurrency operations. Bitcoin mining is estimated to consume 0.5 percent of the world's energy consumption this year, and rising cost needed to cool mining facilities may make cryptocurrency mining unprofitable.
A German bank is using Bitcoin to handle international loans
A German bank, Bitbond, is using Bitcoin and other cryptocurrencies to facilitate international loans. The bank's founder believes that Bitcoin can make for quicker and more affordable loans while lowering the risk of falling victim to cryptocurrency volatility.
Volition is a blockchain-powered collectible card game that you print at home
Developed by veterans of The Spoils, Volition is a collectible card game from Cryptogogue that uses blockchain technology. It lets players customize their play with upgrades, augments, and customized fan art. It will even have its own cryptocurrency, using miners to discover new cards and booster packs.
Cryptojacking hackers infected 400 major websites with stealth miners
Coinhive's javascript cryptocurrency miners have been found installed on more than 400 websites that contained a vulnerability in the Drupal content management system. The cryptojackers behind it have made off with heaps of cryptocurrency off of the backs of unwitting website owners and visitors.
Miner One takes Bitcoin mining to new heights with space mission
Miner One launched a new initial coin offering (ICO) campaign that sent the Space Miner One cryptocurrency mining rig to space to mine for bitcoin. Miner One expects to raise $10 million as part of its ICO to build a cryptocurrency mining center in Sweden and share the benefits with investors.
Inside a Bitcoin mine, fans, silicon, and frigid temperatures keep crypto pumping
Ever wondered what it's like inside a bitcoin mine? Since it's a digital currency, you can't just dig it up with a pickaxe -- so to get an inside look at how it works, we packed up our cameras and drove up to Wenatchee, Washington to see a mine in person. Check out the video to get an inside look!
John McAfee-backed cryptocurrency platform leaks personal details
The Bezop cryptocurrency ecommerce platform might promise security for users, but early investors have become victims of a preventable leak in the form of an unsecured database which contained reams of personal information, including names, email addresses, and email driving license and passport scans.
Quantum mechanics could save the blockchain from quantum computers
A new type of 'quantum blockchain' that effectively acts like a time machine could make it possible to avoid the problem faced by developers when quantum computers can easily break traditional encryption systems. Such a system could, in theory, protect blockchain platforms like Bitcoin in the future.
Bitcoin put him on the street. Then it made him a fortune
Paxful co-founder Ray Youssef wants to give back to world with Bitcoin after the cryptocurrency helped him go from homeless to a major Bitcoin success. His high-minded ideas about what Bitcoin can accomplish have helped him help himself, and others, but hasn’t kept Youssef away from controversy.
Amazon patent wants to unmask Bitcoin users, sell data to law enforcement, others
An Amazon patent filing from 2014 that has only just been given approval suggests that the retail giant is interested in identifying both parties behind Bitcoin transactions by teaming up with telecom companies. This suggests Amazon could sell access to that information to groups like law enforcement.
DT Daily: Tesla pauses Model 3 production to untangle robot assembly lines
Tesla hits the brakes on Model 3 production just when it needs to ramp it up, Apple eyes a broader news focus (and business), we explain that ever-mysterious 'blockchain' thingie.
Blockchain may power future elections, but it’s no silver bullet for fraud
It seems likely that blockchain technology will be introduced to voting systems in the US in the next couple of years. Here’s what it will look like.
Before crypto nirvana, blockchain needs to solve these basic problems
Blockchain technology is far from perfect. We interviewed some of the world's premier developers to talk about the blockchain problems we face today.
From the doctor to the DMV, blockchain can make governments swift and secure
With a growing interest in blockchain technology, could governments be one of the best use cases for the distributed ledger system of data protection?
Beyond Bitcoin: How blockchain will reshape the future
Don’t be fooled by the hype – blockchain isn’t a passing fad that’ll fade out in a year or two. It truly has the potential to reshape the world we live in
City of Austin is hoping the blockchain can help protect the homeless
Austin is seeking to use the tech behind Bitcoin to help solve some of the issues that its homeless population faces.
Yahoo Japan invests in a cryptocurrency exchange platform launching this fall
Yahoo Japan and BitARG Exchange Tokyo both confirmed on Friday a 40-percent investment in an upcoming Bitcoin exchange platform launching this fall. Yahoo Japan will supposedly make additional investments in the beginning of 2019 to launch a full-blown product by April 2019.
Cryptojacking is the new ransomware. Is that a good thing?
Malicious cryptominers and cryptojacking is a hot new malware trend that's been sweeping websites and victim systems for many months now. They've become so prevalent that ransomware is far less of a concern to consumers and businesses, but does that mean the new kid on the block is here to stay?
You may need to pay extra if you want to buy a home with Bitcoin
One NYC townhouse is listed for $30 million, but if you'd rather use Bitcoin to seal the deal, you'll need to shell out the equivalent of $45 million. The seller says that the 50 percent premium is set to cover market volatility with cryptocurrency exchanges, so it's still cheaper to pay with cash.
Coinbase may register with SEC as brokerage firm
Coinbase, one of the world's largest cryptocurrency exchanges, is reportedly considering registering with the SEC as a brokerage firm.
Indian central bank looks to block Bitcoin, while creating its own cryptocurrency
The Indian banking authority, RBI, is going to cease offering banking services to anyone involved in cryptocurrencies like Bitcoin.
Bitmain’s $800 Ethereum ASIC miner could help bring GPU prices down
Bitmain's new $800 Ethereum ASIC Miner, the Antminer E3, could have a big impact on soaring GPU prices when it launches in July.
Now Bitcoin millionaires are buying Lamborghinis
For some Bitcoin millionaires, a Lamborghini is more than just a status symbol. It can provide am means to validate their investments.
How to mine $1 million in Bitcoin on an $800 laptop
Just about any device capable of banging a few numbers together can contribute to a cryptocurrency mining pool, but how long would it take to mine a million dollars worth of bitcoin using just your laptop?
Nvidia CEO: cryptocurrency mining “is not our business”
NVIDIA’s GPU is the single largest distributed supercomputer in the world, which is why it’s so popular with the Ethereum blockchain.
Best Bitcoin miners
Mining Bitcoin needs cheap electricity, good cooling, and a decent wad of up-front cash. If you have all of that though, you need to know where to spend it. You need the best Bitcoin miner.
Hackers seize Atlanta’s network system, demand $51,000 in Bitcoin as ransom
On Thursday, Atlanta discovered that hackers infiltrated its network and seized data using ransomware, demanding $51,000 in Bitcoins.
Guns N’ Roses alum Matt Sorum rocks beyond blockchain to fight labels, YouTube
Former Guns N' Roses drummer Matt Sorum spoke with Digital Trends about his upcoming, salacious autobiography, as well as Artbit, the crypto platform he's behind.