Major U.S.-based payment processor PayPal has assembled a team of industry experts to act as advisors on crypto, blockchain, and digital currencies. In a Tuesday announcement, PayPal said the addition of six members to its Blockchain, Crypto and Digital Currencies advisory council would help support its current and future products as well as its goal of creating a more inclusive…
The crypto world is buzzing over the news that the Justice Department has seized billions of dollars worth of Bitcoin stolen in the 2016 Bitfinex hack—and about the 31-year-old New York woman arrested in the case. According to the FBI, Heather Morgan and her husband Ilya Lichtenstein conspired to launder funds from the hack, and spent the proceeds on gold,…
Public bitcoin miner Core Scientific produced 1,077 BTC last month, a 315% increase year-over-year as its self-mining fleet reached 75,000 bitcoin mining rigs outputting 7.5 exahashes per second (EH/s) in hashrate capacity. Core Scientific’s production increased slightly from December when it mined 1,044 bitcoin. The miner deposited all of the bitcoin it mined in January into custody; it held 6,373…
Pablo Picasso NFTs? While that might sound like a sure thing to some collectors, the recent announcement gave way to a family skirmish over use of the name, and Picasso’s great-grandson, Florian, had to clarify that they weren’t official Pablo Picasso NFTs. And now the Ethereum NFTs inspired by the legendary artist aren’t selling. In January, Florian—a DJ and music…
The U.S. Department of Justice (DOJ) has announced the seizure of 94,636 bitcoins directly linked to the 2016 hack of the cryptocurrency exchange Bitfinex. This is the DOJ’s “largest cryptocurrency seizure to date.” In addition, two people have been arrested in connection with the hack and stolen cryptocurrency. Bitfinex Hack’s Stolen Bitcoins Seized, 2 People Arrested The Department of Justice…
Shiba inu’s (SHIB) 50% rise on Tuesday, seems to have inspired LEO bulls, who moved to push prices up by 61% in today’s session. The move comes as crypto markets consolidated yesterday’s gains. Biggest gainers Monday’s biggest loser, was Tuesday’s biggest gainer, as UNUS SED LEO was up by as much as 61% as of writing. LEO/USD rose to an…
Authorities in the United States have made arrests and announced the seizure of $3.6 billion in cryptocurrency more than five years after hackers stole 119,756 Bitcoin (BTC) from the Bitfinex exchange. In a Tuesday announcement, the U.S. Department of Justice said it had ordered the arrest of Ilya Lichtenstein and his wife Heather Morgan for allegedly conspiring to launder crypto…
The U.S. Department of Justice (DOJ) said in a statement Tuesday that it had recovered billions of dollars worth of bitcoin stolen in a 2016 hack of Bitfinex, the cryptocurrency exchange affiliated with the world’s biggest stablecoin, Tether. In the largest financial seizure ever, law enforcement has seized over $3.6 billion in bitcoin out of the total $4.5 billion drained…
Web3 development platform Alchemy announced a fresh round of $200 million funding, bringing up the company’s valuation to $10.2 billion, just above the decacorn threshold. The latest funding round was led by venture capital firm Lightspeed along with Silver Lake, an American global private equity firm. Alchemy’s funding also saw participation from previous major investors as well. As Cointelegraph previously…
Robbie Heeger’s Endaoment has facilitated the donation of over $30 million of cryptocurrency to 243 different charities. These donations come from altruistic cryptocurrency investors who are also partly motivated by reducing their tax burdens to Uncle Sam and keeping more of their profits. Born in Silicon Valley, Heeger, now in his early 30’s, was exposed to entrepreneurship from a young…
