crypto
Sounds Like Things Aren’t Going Well for Facebook’s Libra Cryptocurrency Scheme

There’s been no shortage of official opposition to Facebook and dozens of corporate partners’ plans to launch a cryptocurrency powered global payment network, Libra. A short list of the wary might include the heads of the U.S. Federal Reserve and Treasury Department, the House and Senate banking committees, EU antitrust officials, Indian and Chinese finance officials, and the French government, which vowed to stop it in its tracks across Europe. Read More >>

nasa
No, NASA Did Not Say It’s Developing Its Own Cryptocurrency

Let’s get one thing straight right now: “crypto” means “cryptography.” It does not mean “cryptocurrency.” Unless you’re a person who thinks the blockchain is the future, that is, which is how we ended up with the dumbest news cycle this side of a measles outbreak. Read More >>

facebook
Facebook’s Libra Project is Getting Hammered From All Sides

Facebook’s already-troubled Libra cryptocurrency project, which has already run into significant opposition among the U.S. House Committee on Financial Services and the Senate Banking Committee, is running headlong into further resistance from regulators. Read More >>

bitcoin
Bitcoin Surges 15 Per Cent Overnight Because Nobody Learned Their Lesson After the Last Crash

Bitcoin, the most popular cryptocurrency in the world, jumped to a four-month high overnight, briefly breaching $5,000 on the Bitstamp exchange. Bitcoin is up roughly 15 per cent on the day and traders are excited because it really seems like nobody learned their lesson during the last cryptocurrency bubble. Read More >>

cryptocurrency
Crypto Exchange Coinbase Says It Made a Mistake Buying Italian Firm Linked to Notorious Hacking Team

Cryptocurrency exchange Coinbase has acknowledged it made a major mistake when it bought Italian blockchain analytics firm Neutrino, whose senior management staff included several members of infamous Italian firm Hacking Team—which has reportedly sold powerful hacking and surveillance tools to oppressive governments. Read More >>

crypto
Crypto Exchange Says It Can’t Repay £145 Million to Clients After Founder Dies With Only Password

Canadian crypto exchange QuadrigaCX says it cannot repay most of $190 million (£145m) in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018, Coindesk reported on Friday. Read More >>

cryptocurrency
Report: Just Two Groups May Be Behind $1 Billion in Cryptocurrency Hacks

Just two groups of “highly sophisticated cyber criminals” may be behind an estimated $1 billion (£760 million) in cryptocurrency thefts, the Wall Street Journal reported on Monday. Read More >>

cryptocurrency
Report: Wall Street Is Getting Cold Feet on Bitcoin as Crash Continues

The crypto crash has continued, with about $700 billion (£552 billion) wiped off the market since its peak at around $800 billion (£631 billion) at the start of the year, and leaving a trail of destroyed startups behind it. Bitcoin at one point closed in on the $3,000 (£2,367) price mark, well below both its peak of nearly $20,000 (£15,779) in 2017 and a so-called “floor” of $6,000 (£4,734). And now major Wall Street firms once rumoured to be preparing entries to the cryptocurrency market—particularly bitcoin futures—appear to have gotten cold feet after a brutal beatdown in crypto prices this year, Bloomberg reported on Sunday. Read More >>

cryptocurrency
Razer Wants You to Mine Cryptocurrency For Them

Gaming hardware manufacturer Razer has launched a cryptocurrency mining program named Razer SoftMiner to put spare graphics card capacity to work – for them, not for you. Read More >>

bitcoin
Bitcoin, and Cryptocurrency in General, Had a Terrible November

Bitcoin, as well as smaller cryptocurrencies like XRP and ether, had a terrible November that saw $70 billion in value wiped off the market, CNBC reported on Friday. Read More >>

money
Government’s Crypto Taskforce Warns of Valueless Money Traps

A particularly nerdy part of the government whose members' business cards say "Crypto Assets Taskforce" has been pondering what to do about the appearance of virtual money types, including the cryptocurrencies that every corner shop is now encouraging people to subscribe to and pay with. In short, current advice is be careful, and don't expect any money you put in to ever come out again in a recognisable, spendable form. Read More >>

cryptocurrency
Cryptocurrencies Just Plummeted £9.8 Billion in Value Over the Course of a Few Hours

The cryptocurrency markets saw a significant crash on Wednesday (Eastern local time), with just short of £10 billion in value wiped out over the course of just three hours, CNBC reported. Read More >>

cryptocurrency
Google Is Letting Some Cryptocurrency Ads Back on Its Platform

Google, which banned cryptocurrency advertisements from its platform earlier this year, will be partially rolling back that policy as of October. Read More >>

cryptocurrency
Starbucks: Sorry, Your Bitcoin Is Still No Good Here

Starbucks wants to be crystal clear: Despite recent stories about their involvement in some sort of blockchain project, they are not going to be accepting bitcoin as a form of payment for coffee. Read More >>

business
‘Long Blockchain’ Maybe Not as Smart as It Thought

Remember “Long Blockchain,” or rather, the company formerly known as Long Island Iced Tea Corp. that saw its stock skyrocket after it changed its name to refer to the foundational technology behind the cryptocurrency boom and made a vague pivot to “globally scalable blockchain technology solutions”? Turns out that might not have been so smart! Read More >>