cryptocurrency
Initial Coin Offering-Backed Startup Confido Goes Dark After Getting £283,000 From Investors

A few weeks ago, Jordan Belfort—the notorious “Wolf of Wall Street” and convicted financial scam artist—warned the entire internet not to get into dodgy cryptocurrency-backed startups. Specifically, he warned that initial coin offerings, a form of almost completely unregulated investment vehicle where crypto-backed startups offer blockchain-based “tokens” in exchange for things of real value like cash, were the “biggest scam ever, such a huge gigantic scam that’s going to blow up in so many people’s faces.” Read More >>

money
A New Card lets You Spend Bitcoin Like Proper Money

Bitcoin and cryptocurrencies are very popular, particularly since you can use them to buy things with a bit more privacy than a regular credit card allows. But wouldn't you like it to be easier to buy everyday things with your collection of virtual currency? Well you can, with a new debit-like card. Read More >>

cryptocurrency
The Guy Who Oversaw Mt. Gox’s Catastrophic Meltdown Could Get Very Rich

Mark Karpelès, the former chief of spectacularly failed Japanese Bitcoin exchange Mt. Gox, is on trial in Japan on charges he embezzled millions from the company before its collapse. He, Mt. Gox, and his current company Tibanne (which owns 88 per cent of Mt. Gox) are all bankrupt. Read More >>

crime
US Secret Service Agent Who Stole Silk Road Bitcoins Sentenced to Two More Years for Stealing Even More

Shaun Bridges, the 35-year-old Secret Service agent from Baltimore who was sentenced to 71 months in prison in 2016 for stealing over $800,000 (around £600k) in Bitcoin during a government investigation into notorious deep-web market Silk Road, has been sentenced to an additional two years in jail for money-laundering charges, Reuters reported. Read More >>

technology
Guy Who Ran Really, Really Huge Scam Warns ICOs Are the “Biggest Scam Ever”

A hustler knows a hustle. So if you have ever considered sinking money into an initial coin offering—a complicated, barely regulated, and booming new form of financial vehicle where startups offer investors stakes in “new” cryptocurrencies rather than traditional stock—it might be a good idea to listen to what one of finance’s most notorious criminals-turned-authors has to say. Read More >>

cryptocurrency
Not Even Putin Can Scare Bitcoin Investors

Bitcoin’s having a wild time. It kicked off with a strange flash crash registered by the CoinDesk tracker that momentarily caused the cryptocurrency to appear to plunge by 12 percent. Almost simultaneously, Russian President Vladimir Putin called for regulatory restrictions on digital currencies for the first time. And then, as it does in recent times, Bitcoin’s price just went up. Read More >>

cryptocurrency
Cryptocurrency Speculators Watch Nervously as South Korea Bans ICOs 

The cryptocurrency market is having another rocky morning as South Korean authorities announced a ban on initial coin offerings (ICOs). While countries like the US and the UK have warned investors to exercise caution before becoming involved with such projects, China has completely banned the fundraising method, and Taiwan could be next. Read More >>

piracy
The Pirate Bay Added a CPU-Hijacking Bitcoin Miner to Some Pages

File-sharing websites are not exactly known for their sterling reputation, though a few such as famed torrent site the Pirate Bay have been around for long enough while generally avoiding shady behaviour they’ve acquired a certain cache with the internet community. Read More >>

money
Bank Boss Says Bitcoin’s a Scam Doomed to Crash

The boss of banking firm JP Morgan isn't exactly convinced that Bitcoin is anything more than a minor bubble, suggesting that the cryptocurrency is doomed -- and should only be used by criminals anyway. Read More >>

bitcoin
Surging Bitcoin Markets Brace for Chinese Government Onslaught

Bitcoin markets are nervously sitting in a holding pattern on Monday morning as multiple outlets have received confirmation that the Chinese government plans to shut down official exchanges. Investors have settled into a wait-and-see moment that could determine the cryptocurrency’s immediate future. Read More >>

cryptocurrency
What Are ICOs and Why Are They Getting Banned in China? 

Over the weekend, China banned initial coin offerings (ICO) and briefly paused the seemingly unstoppable price increase of bitcoin. But the cryptocurrency has already bounced back. With the likes of Paris Hilton, Kim Dotcom, and John McAfee all jumping into the ICO world in one way or another, it seems worth asking what the hell this whole thing is about. Read More >>

cryptocurrency
Some Crypto-Capitalists Just Want to See the World Burn

“In battle, the commander is the first one to go over the top,” Joe McKinney, shirt unbuttoned, wearing a shower cap and one of those aeroplane neck pillows, exclaims over music swelling from every direction. He’s having a great time, romping around San Francisco as part of a “distributed dance party”—a roving DJ set controlled by an FM transmitter, beamed to dozens of boomboxes, and led by men who look like Road Warrior extras drenched in neon paint. One of them advises through a megaphone not to step on or trip over a homeless man in the path of revelry. Read More >>

cryptocurrency
China Bans Initial Coin Offerings, Warning of Financial Scams

The initial coin offering party is over in China. A committee led by the People’s Bank of China, the nation’s central bank, has imposed an immediate ban on new cryptocurrency crowdfunding efforts and warned many ICOs are scams, TechCrunch reported . Read More >>

money
Amid Chaos, We’re About to Get a Whole New Kind of Bitcoin

Less than a week ago, headlines declared that a market-shaking fork in Bitcoin had been averted. But the people backing a new cryptocurrency called Bitcoin Cash have now announced that the expected compromise between warring factions is dead. Next week, the huge Bitcoin fork will begin and here’s what it’s all about. Read More >>

crime
£24.6 Million in Ether Stolen as People Refuse to Learn Their Lesson About Cryptocurrencies

Unknown hackers made off with an estimated $32 million (~£24.6 million) in hot cryptocurrency Ether, one of the most popular of the innumerable successors to Bitcoin, this week. Read More >>