On February 8, the Department of Justice (DOJ) announced the arrest of Ilya Lichtenstein and Heather Morgan on charges of conspiracy to launder cryptocurrency stolen during the 2016 Bitfinex hack, and conspiracy to defraud the United States. The story has captured mainstream fascination this week like few other crypto stories do, in particular because people have been fascinated with the alleged…
As the cryptocurrency market has grown, so too have the number of bad actors looking to exploit vulnerable decentralized finance, or DeFi, protocols, and projects for their own gain. Earlier this month, the Ethereum-Solana Wormhole token bridge suffered the biggest hack of 2022, with $321 million lost due to a signature verification vulnerability. Such exploits have gotten increasingly sophisticated over…
In brief The European Union has been talking about central bank digital currencies for some time now. Yesterday, the EU finance chief said that early next year a bill for a digital euro would be proposed. A bill for a digital euro will be proposed early 2023, EU finance bigwigs announced yesterday. In an announcement first reported by Politico, EU…
With special contributions by: Texas Slim, Clemenza, Mark Maraia and Colin Crossman Thanks to Bitcoin Magazine giving my voice an outlet, throughout 2021, I have brought to your attention issues that I believe are plaguing the general health and well-being of the public. These include by way of diet and decision-making and how those effects are bleeding into the healthcare…
Czechia, a country of 10.7 million people in Central Europe, is known for its beautiful capital (Prague), rich history, and good beer. Within the last decade, however, one can now add cryptocurrency adoption to that list. In fact, the Trezor wallet, the first cryptocurrency hardware wallet in the world, was invented here in 2014, and is still going strong. Its…
In brief Everyrealm, formerly known as Republic Realm, has raised a $60 million Series A round led by Andreessen Horowitz. The firm invests in and develops virtual land in metaverse games, including The Sandbox and Decentraland. Amid rising hype around the metaverse and the digital land NFT plots sold within games like The Sandbox and Decentraland, investment firm Republic Realm’s…
Since launching in 2018, Axie Infinity has amassed over 2 million daily active users (DAUs) and its decentralized exchange, Katana has a market cap of $5.5 billion, but this growth has not come without challenges. Axie Infinity’s in-game token, Smooth Love Potion (SLP) decreased nearly 93% from it’s all-time high in July 13, 2021 of $0.39 as it faces uncontrollable…
YouTube’s Chief Product Officer Neal Mohan published a blog post today about the company’s upcoming plans for new products and features in 2022, citing an interest in Web3, blockchain, and NFTs. NFTs are digital tokens that exist on blockchain networks, such as Ethereum, that are used to verify ownership over an asset. Typically, NFTs point to ownership of an image,…
Legendary value investor Bill Miller reiterated in a Wednesday interview that holding bitcoin is akin to having insurance against financial catastrophe, echoing comments he made last month as he disclosed that bitcoin comprised half of his fortune. Miller explained that bitcoin doesn’t account for 50% of his portfolio any longer given the digital currency’s price decline over the past couple…
While Miami’s mayor Francis Suarez told the public he was a big believer in bitcoin and has accepted his pay in bitcoin, at the same time, a crypto coin called miamicoin (MIA) was launched. The Miamicoin project’s goal was to give Miami’s “citizens and supporters the power to support, improve and program the Magic City.” However, after reaching $0.05 per…
