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“#Statue of anonymous Bitcoin creator Satoshi Nakamoto unveiled in Hungary” A group of crypto enthusiasts in Hungary built a bronze bust of the anonymous creator of bitcoin — but had to pay the sculptors in regular currency. The statue, dedicated to the mysterious founder of bitcoin known by the pseudonym Satoshi Nakamoto, was unveiled Thursday…
“#Hedge funders chasing crypto despite warnings of possible crash” If you’re looking for proof that cryptocurrencies are no longer just for basement day traders, look no further than this year’s SALT conference. The annual gathering of Wall Street titans organized by SkyBridge Capital — whose founder is Trump’s short-lived communications chief Anthony “Mooch” Scaramucci —…
“#China cracking down on crypto mines disguised as data centers” China is ramping up its hunt for illegal cryptocurrency miners, who are trying to disguise their operations as research institutions and data centers, according to a new report. Authorities in several provinces have conducted more intense inspections of colleges, research labs, data centers and other…
“#AMC will let people buy movie tickets with cryptocurrencies” AMC, the world’s largest cinema chain, said it plans to accept a range of cryptocurrencies including Bitcoin for movie-ticket and concession purchases. AMC boss Adam Aron broke the news via Twitter on Wednesday, writing: “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin…
“#El Salvador’s president Nayib Bukele tackles bitcoin woes” El Salvador President Nayib Bukele stepped in on Wednesday to closely manage the fraught roll-out of a payments app that underpins the nation’s adoption of bitcoin as legal tender, and called on users to report any problems on his Twitter feed. Adopting language similar to IT departments in…
“#Crypto exchange developer Uniswap ‘in SEC crosshairs’” One of the largest names in the burgeoning cryptocurrency space is in the crosshairs of a newly aggressive Securities and Exchange Commission, according to a report. The investigation of Uniswap Labs, which is the developer behind the biggest so-called decentralized cryptocurrency exchange, underlines the scrutiny crypto-related activities are…
“#Man sues over bitcoin stash stolen in 2018 and now worth $1M” A Colorado man who was robbed of 16.4 bitcoins in 2018 — when it was worth up to $220,000 — has now sued the alleged UK-based thieves as well as their parents. Despite the alleged robbery happening in January of 2018, Andrew Schober…
“#NFT sales reach nearly $900M in record-breaking month” NFT mania is roaring back — and the one-of-a-kind digital collectibles are selling for more money than ever. A total of $897 million in NFT sales were recorded during the 30 days ended Aug. 18, according to the most recently available data from the NFT tracking site…
“#Someone actually paid $1.3M for an NFT cartoon rock” The NFT trend has reached rock bottom. On Monday night, an anonymous buyer purchased a computer-based illustration of a rock with 400 ethererum (ETH), a cryptocurrency with the current equivalent value of over $1.3 million. The geologic doodle, supplied from the free clipart website goodfreephotos.com, is…
“#Sweden must repay $1.6M in bitcoin to convicted drug dealer” The Swedish government has to return about $1.6 million worth of bitcoin to a convicted drug dealer after the value of his illegally earned crypto soared while he sat in prison. Prosecutor Tove Kullberg explained to Swedish Radio that two years ago, she successfully argued…