Cryptocurrency exchange Crypto.com accidentally transferred about $7.26 million to a customer’s account but did not notice the error for seven months. The crypto company has now sued the customer to recover the funds. Crypto.com Sues Customer 7 Months After Mistakenly Transferring over $7 Million The Australian Supreme Court of Victoria released a default judgment Friday in a case where crypto…
Beleaguered crypto lender Celsius Network has filed a motion with the United States Bankruptcy Court yesterday to allow customers with digital assets held in certain accounts to be withdrawn. There’s a catch, however, as the motion will only apply to Custody and Withold Accounts and for custodied assets worth $7,575 or less in value. Celsius has structured their Custody and…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, the hosts are joined by Margo Paez, a climate change physicist and fellow at the Bitcoin Policy Institute who advocates for Bitcoin from a progressive mindset. Watch This Episode On YouTube or Rumble Listen To The Episode Here: Q: I just want to give…
USDT-issuer Tether wants law firm Roche Freedman “terminated” as counsel from the Bitfinex and Tether class action lawsuit following a motion from Kyle Roche to be removed as counsel in the case. In an Aug. 31 court order request by Elliot Greenfield of Debevoise & Plimpton LLP, the law firm representing Tether and Bitfinex requested that Roche’s law firm be…
A House committee has sent letters to four U.S. federal agencies and five cryptocurrency exchanges asking for information about what they are doing to combat cryptocurrency fraud and scams. Congress Questions Regulators and Crypto Exchanges The House Committee on Oversight and Reform sent letters to four U.S. federal agencies and five crypto exchanges on Tuesday in an effort to crack…
This is an opinion editorial by Ali Chehrehsaz, a mechanical engineer with 16 years of experience in the energy industry. This article will outline how collecting solar energy and storing it can provide a powerful dynamic for bitcoin mining operations by outlining that: Hybrid power plants that pair electrical generation, especially solar, with batteries are growing rapidlyBitcoin mining will be…
This is an opinion editorial by Cam Randell, a Bitcoiner who believes that Bitcoin is the key technology in the quest for privacy. “Do you have a moment to talk about our lord and savior, Satoshi Nakamoto?” This is a normal question for a Bitcoin maximalist, a dying breed of lunatics that spend their lives yelling at other people on…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin’s latest difficulty adjustment came in at 9.26% earlier today, its second largest increase this year behind 9.32% back in January.…
“I read, uh, wartime novels, which is hilarious,” a 3D ape wearing a t-shirt says. “The idea is to put yourself in the perspective of wartime and, like, these times of great crisis, and suddenly what you’re doing doesn’t feel as, like, overwhelming.” That’s just a taste of one of Bored Ape #9132’s videos, whose account is now live on…
This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics. Author’s note: This is the first part of a three-part publication. Part 1 introduces the Bitcoin standard and assesses Bitcoin as an inflation hedge, going deeper into the concept of inflation. Part 2 focuses on the current fiat…
