Joseph OConnor, known in some corners of the internet as PlugWalkJoe, was indicted on an array of charges relating to a May 2019 cryptocurrency exchange hack. During the attack, he is alleged to have absconded with digital assets valued at approximately $784,000. In the criminal scheme, authorities believe O’Connor utilized SIM swap attacks (an artifice of fraud where 2FA phone…
High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, The Internet of Money should not cost $0.05 per transaction. It’s kind of absurd. Fast forward to November 2021 and the simple act of approving a token so that…
Payments company Square today announced today in its Q3 earnings statement that its Bitcoin revenue was $1.81 billion, an 11% increase from last year, from trading on its Cash App. The company said that its profits from its Bitcoin investment were therefore $42 millionapproximately 2% of Bitcoin revenue. While $1.81 billion in revenue from Bitcoin trading may seem impressive, it…
Star Financial Bank (Star Bank) says it has become the first bank in the U.S. state of Indiana to offer bitcoin services to customers. The services will be offered through the New York Digital Investment Group and Alkami platform. Customers will have the ability to buy and sell bitcoin via the Star Mobile Banking App. ‘First Bank in the State…
The mayor of Miami will be taking his entire salary in bitcoin. “I feel very comfortable getting my entire salary in bitcoin,” he said in an interview. Government spending and “manipulated central bank currency systems” drove him to make the bold move. Miami Mayor Francis Suarez will be taking his entire salary in bitcoin, he said in an interview with…
sponsored Trava is the next generation of Lending Protocols, employing an innovative model of multiple lending pools created by users. This groundbreaking cross-chain lending development is something you have to check out if you ever wanted to create and manage your own lending pool, starting an online lending business and potentially earn big profits from it. The Trava smart contract…
The cryptocurrency market has matured from a fringe technology experiment to a global asset class valued at over $2.7 trillion. Its about time we start treating it as a business and reporting on it as such. Cointelegraphs Business Beat has been busy over the past year covering the biggest developments in the blockchain and cryptocurrency industry. Capital raises, high-profile partnerships,…
Ethereum-based (ETH) decentralized finance, or DeFi, risk management marketplace Risk Harbor will soon take over control of Terra’s Ozone Protocol, according to a press release published on Thursday. Ozone is a decentralized insurance mechanism that provides coverage in the event of technical failures on the Terra DeFi ecosystem. The latter is a dual-token platform that features its governance token LUNA…
Watch This Episode On YouTube Listen To This Episode: In this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles was joined by Dave Bradley, the founder of Bitcoin Brains, cofounder of Bull Bitcoin and chief revenue officer at Bitcoin Well. Bradley is a Bitcoin OG and he broke down how he first got into Bitcoin, and then moved into…
The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying. These statements appear to have kicked off a series of price decreases across the crypto market and both…
