429 ETH Worth $1.3 Million Raised by Fortune Magazine and They Plan to Hodl Their Share

Fortune has sold its first NFT collection as part of an experiment as it joins the new blockchain trend, raking in $1.3 million in Ether and planning to HODL it

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Super Bowl LV: HODL Or Bet?

Bitcoin and gambling on football have a long history together — one worth remembering during the upcoming Super Bowl. The post Super Bowl LV: HODL Or Bet? appeared first on Bitcoin Magazine.

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MassMutual Buys $100 Million Worth Of Bitcoin

2020 has seen institutions buy into bitcoin at a record pace. The latest, major insurance company MassMutual, just made a nine-figure entry. The post MassMutual Buys $100 Million Worth Of Bitcoin appeared first on Bitcoin Magazine.

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Government Seizes 69,730 Bitcoin ($1 Billion) Tied To Silk Road

Federal prosecutors have seized 69,730 ($1 billion worth) of bitcoin associated with darknet marketplace Silk Road. Here’s what we know so far. The post Government Seizes 69,730 Bitcoin ($1 Billion) Tied To Silk Road appeared first on Bitcoin Magazine.

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Podcast: Chainalysis’ Chief Economist on the Data Behind Blockchain Forensics

The work of blockchain analysis companies like Chainalysis isn’t always welcomed by privacy advocates. But for Bitcoiners, this work is worth watching. The post Podcast: Chainalysis’ Chief Economist on the Data Behind Blockchain Forensics appeared first on Bitcoin Magazine.

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Op Ed: HODLing Bitcoin? Cold Storage Is Worth the Extra Effort

In this op ed, Maciej Cepnik explores the concept of cold storage, an increasingly popular method to hold bitcoin safely. The post Op Ed: HODLing Bitcoin? Cold Storage Is Worth the Extra Effort appeared first on Bitcoin Magazine.

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Bitcoin as a Savings Technology: Are Interest Accounts Worth the Trade-Offs?

Is interest worth custody?

The post Bitcoin as a Savings Technology: Are Interest Accounts Worth the Trade-Offs? appeared first on Bitcoin Magazine.

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Venezuela Has Traded $250M BTC in 2019 (And Other Bitcoin Utility Data)

Data compiled by usefultulips.org shows that Venezuelans have purchases $250 million worth of BTC and that bitcoin is working as Satoshi intended. The post Venezuela Has Traded $250M BTC in 2019 (And Other Bitcoin Utility Data) appeared first on Bitcoin Magazine.

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The Fed Just Pumped $278 Billion Into the U.S. Economy: Here’s How

The New York branch of the Federal Reserve just financed $278 billion worth of repurchasing agreements, an echo to the Great Recession. The post The Fed Just Pumped $278 Billion Into the U.

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Bitcoin Billionaires Predict Price Spikes in 2020

Bitcoin billionaire Zhao Dong expects the BTC price to surge in the near future, while John McAfee has predicted BTC will be worth $1 million by the end of 2020. The post Bitcoin Billionaires Predict Price Spikes in 2020 appeared first on Bitcoin Magazine.

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BitMEX Insurance Fund Now Holds More Than 0.15 Percent of All BTC

Marking a massive increase since the beginning of 2019, BitMEX’s insurance fund now reportedly holds more than $312 million worth of bitcoin. The post BitMEX Insurance Fund Now Holds More Than 0.15 Percent of All BTC appeared first on Bitcoin Magazine.

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North Korean Hackers Attack Upbit Users in South Korea

North Korean hackers have made a phishing attempt on users of the South Korean crypto exchange Upbit. News correspondents in Korea broke this development on May 29, 2019, detailing the ploy to steal Upbit users’ information.

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Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.

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Hyperloop: A New Concept by Lightning Aiming to Solve Liquidity Problems

About two months ago, Lightning Labs released Lightning Loop, a service that allows users to fill or empty Lightning channels without closing them, thus reducing on-chain fees.

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Five Keys to Inner Strength From Five Years in Prison

October 1, 2018, marked five years since I was imprisoned. My physical surroundings today are ironically similar to what they were after my arrest back in 2013. I’m in the SHU again (Special Housing Unit, aka “the hole”).

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Founder of Defunct Cryptopia Launches New Crypto Exchange

The founder of defunct cryptocurrency exchange Cryptopia, which entered liquidation following a hack in January 2019, has launched a new exchange called Assetylene.

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Coinme and Coinstar Expand Bitcoin Kiosk Service

More crypto users can now walk into their local grocery store and purchase cryptocurrencies, thanks to the expansion of a partnership between Bitcoin ATM operator Coinme and coin-cashing machine purveyor Coinstar.

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During Bullish April, Fiat-to-Crypto Exchanges Outperform Crypto-to-Crypto

In its April 2019 Exchange Review, released on May 20, 2019, London-based crypto data analysis firm CryptoCompare found that fiat-to-crypto exchanges performed much better than crypto-to-crypto platforms did over the last month, as cryptocurrency prices rose across the board.

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Following Hack, Binance Plans System Upgrade

Popular cryptocurrency exchange Binance will be conducting a system upgrade on May 15, 2019, in the wake of a $40 million hack. Per an announcement that was published on the exchange’s blog, the scheduled system update will affect all transactions on the platform for about 6 to 8 hours.

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Binance Reveals Hack Information as Security Becomes a Public Concern

This article was originally published by 8btc and written by Vincent He. Since May 1, 2019, bitcoin’s price has been rising, reaching a top of over $6,000. As the whole cryptocurrency industry was enjoying the rise, an unexpected hack put a stop to the rise of bitcoin.

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Binance Hacked for $40M, CEO Backpedals on Recoup Via Block Reorganization

Chinese crypto exchange Binance suffered a major hack on Tuesday, which the company’s CEO responded to by proposing a rollback of the Bitcoin blockchain to rectify — a suggestion that riled up the community.

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Op Ed: 3 Reasons Why Crypto Has an Exchange Problem

While the Crypto Winter may be lingering with us into the spring, crypto exchanges are doing just fine. According to CoinMarketCap, there are now 255 major crypto exchanges.

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Major Darknet Marketplace Wall Street Market Shuttered by Law Enforcement

Wall Street Market, the second-largest darknet market in the world in recent months, has been shut down by international law enforcement agencies, including Europol as well as U.

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Bitcoin Core 0.18.0 Release: Here’s What’s New

Today, May 2, 2019, marks the official release of Bitcoin Core 0. 18. 0, the 18th generation of Bitcoin’s original software client launched by Satoshi Nakomoto almost 10 years ago, and still the dominant Bitcoin implementation on the network today.

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“Bye Gold, Buy Bitcoin”: Grayscale Urges Investors to Drop Gold for BTC

Grayscale Investments is weighing in on the gold versus bitcoin debate. Its two sats? Drop the bars, buy the bits (and the dip). The Digital Currency Group off-shoot has launched a “Drop Gold” campaign that encourages investors to ditch the old asset for its digital counterpart, bitcoin.

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A New Report Shows People Are Warming Up to Bitcoin

A Medium post published by Spencer Bogart, a general partner at Blockchain Capital, compares data collected from a set of surveys from October 2017 and April 2019 containing identical questions (plus a few new ones).

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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

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It Looks as if Another Darknet Market Era Is Coming to an End

Major darknet markets come and go in eras, so it seems, and the current one may be ending. Two of the biggest digital black markets seem to be disappearing, both at the same time.

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New York Makes First Money Laundering Conviction Involving Cryptocurrency

In what the Manhattan District Attorney calls the first crypto money laundering conviction in New York, two defendants have pleaded guilty to running a drug trafficking business that laundered millions of dollars in Western Union and crypto payments.

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Report: North Korea May Exploit Southeast Asia’s Crypto Exchanges

North Korea could pose a threat to countries across Southeast Asia as it looks to exploit cryptocurrency exchanges due to gaps in regulatory frameworks, according to a new report.

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Mysterious GOP Fat-Cat Worth $200 Million Breaks the Bank to Dethrone AOC

By CCN: Alexandria Ocasio-Cortez (D-NY) has been in the House of Representatives for just four months, but she’s developed an A-list political profile. From her bold claims about climate change and wage inequality to her incredible ability to connect with millennial voters, AOC has quickly become one of the most popular – and polarizing – politicians in the United States.

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Mt. Gox Is Automatically Filing Unregistered Creditors for Reimbursement

If you’re a creditor in Mt. Gox’s civil rehabilitation case, the defunct exchange may have automatically filed and approved a reimbursement claim for you — provided that your Mt.

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FinCEN Issues First-Ever Civil Penalty Against Bitcoin Exchange

The Financial Crimes Enforcement Network (FinCEN), a bureau within the U. S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML regulations, among other violations.

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Five Years in the Making, Bisq Exchange Launches Its Bitcoin DAO

Decentralized autonomous organizations (DAOs) are one of crypto's more novel and ambitious applications — one that Bitcoin, until recently, has had nothing to do with.

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Winklevoss Twins Reach Settlement With Charlie Shrem

The Winklevoss twins reached a settlement with Charlie Shrem on April 16, 2019, declaring that their case against him has been dismissed with prejudice and will not be reopened.

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Satoshi’s Treasure: The Chase Is on for a $1 Million Bitcoin Prize

A treasure hunt for $1 million worth of bitcoin is officially underway. In a cryptic, rambling message broadcasted to the Blockstream Satellite on April 13, 2019, an anonymous user challenged the rest of the Bitcoin community to a million dollar hunt for what they called “Satoshi’s Treasure,” a contest which will “test the resolve, courage, intelligence, and savvy [sic] of would-be hunters,” the game master claimed.

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Wikileaks Founder Julian Assange Arrested in London, Site’s Bitcoin Donations Spike

Julian Assange, co-founder of Wikileaks and early Bitcoin supporter, was arrested at the Ecuadorian Embassy in London and faces extradition to the U. S. on conspiracy charges.

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Canadian Drug Dealer Ordered to Forfeit $1.4 Million in Bitcoin

As part of an ongoing criminal case, a judge in Canada has ordered that a local online drug dealer must forfeit about 281. 41 bitcoin (worth about $1. 4 million) after it was found that he used the cryptocurrency to fund his illegal activities.

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Bitrefill Adds Thor Turbo to Speed Lightning Connections

The crypto payment platform Bitrefill has announced an upgrade to its Thor service. The upgrade is dubbed “Thor Turbo,” and its expected to speed up the process of connecting to Bitrefill's Lightning node, according to a press release sent to Bitcoin Magazine.

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Coincheck Launches Bitcoin OTC Trading Desk 15 Months After Hack

The Tokyo-based cryptocurrency exchange Coincheck has launched a Bitcoin over-the-counter (OTC) trading service for its users, per a post published on its official blog.

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Op Ed: Answering 10 Common Questions About Cryptocurrency and Taxes

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world.

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Europol Launches Global Campaign Against Dark Web Vendors, Buyers

The European Union Agency for Law Enforcement Cooperation, better known as Europol, announced on March 26, 2019, that it has made an ongoing partnership with law enforcement from Canada, the United States and the member states of the European Union to target buyers and sellers of illegal items on the dark web.

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Singapore’s DragonEx Reports Hack, Releases Suspected Wallet Addresses

The Singapore-based cryptocurrency exchange DragonEx has announced a security breach to its users via its official Telegram channel. In the message, a company administrator revealed that the hackers stole assets belonging to both the exchange and its users.

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Bitmain’s IPO Filing Has Expired

Bitmain’s long-anticipated initial public offering (IPO) filing with the Hong Kong Stock Exchange is officially a bust. The mining titan’s IPO expired on Tuesday, March 26, 2019.

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Op Ed: With Bitcoin, Anarchy Is the Point, Not the Problem

Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.

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Karpeles Beats Embezzlement Charges in Mt Gox Ruling

The Tokyo District Court has found Mark Karpeles, the former head of now-defunct Bitcoin exchange platform Mt. Gox, guilty of record tampering but innocent on other charges related to embezzlement and breach of trust.

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Report Claims That “Sextortionists” Absconded With Over $300,000 in Crypto in 2018

Most cyberattacks in the crypto space involve hackers finding a way around the security of crypto exchange platforms and gaining access to users’ funds. Last year saw the entry of a new breed of cyber extortionists that seems to be gaining ground, so much so that they were able to steal over $300,000 in bitcoin (BTC) tokens in 2018.

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Bitcoin Price Analysis: Bullish Rejection Wipes Out Bitcoin’s Weekend Gains

Over the weekend, a strong rally was stifled by an even stronger rejection as the bitcoin market was shoved into a band of overhanging resistance. This band of resistance has been mentioned several times in our analyses over the last few weeks as it has proven impossible to overcome for the time being:Figure 1: BTC-USD, Daily Candles, Failed BreakoutThis run to the low $4,000s coincided with a breakout of a rather large symmetrical triangle consolidation shown above.

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“Clear and Robust Strategy” Nets 0.023% Recovery of Bitfinex’s Hacked Funds (So Far)

According to an official statement published on February 25, 2019, Bitfinex has revealed that the United States government returned 27. 7 BTC (worth about $105,000 USD) to the exchange, as part of restitution for a hack that was effected on the exchange back in 2016.

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