After fighting in court since 2015, the former hedge fund manager Martin Shkreli was sentenced to seven years in prison for conspiring to commit securities fraud and he was forced to pay $7.4 million in fines. One of Shkreli’s prized possessions, an unreleased Wu-Tang Clan album, was seized by the U.S. Marshals and sold for $4 million. Just recently, the…
Despite Russian officials’increased interest in cryptocurrencies like Bitcoin (BTC), Russias internet ombudsman expressed confidence that local crypto regulations will remain largely prohibitive. Dmitry Marinichev, Russias ombudsman for the protection of entrepreneurs’ rights under Russian President Vladimir Putin, on Wednesday discussed Russias approach to cryptocurrency regulations at a panel of a major local industry event, Blockchain Life 2021. Russia will continue…
In brief Meme token Shiba Inu has surged in value of late, up 45% over the last 24 hours, and its market cap is nearing that of Dogecoin. The wider crypto market is down 4% today, and Bitcoin has slumped below $60,000. Shiba Inu was pegged by some as a Dogecoin knockoff when it first caught fire this past spring,…
Theres no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number of Bitcoin miners have moved toward the use of power sources driven primarily by renewable energy. To expound…
In brief Findora completed a private funding round last December. Now it’s ready for the community around its privacy-centric blockchain to grow. You likely haven’t heard of Findora, a privacy-centric blockchain that “makes it possible for users to share information without showing it.” But if its strategy pays off, the under-the-radar blockchain being developed by Discreet Labs could be in…
Bitcoin-only technology and financial services company River Financial announced today the launch of its mining white-glove service, River Mining, in a release shared with Bitcoin Magazine. The service seeks to reduce the barriers for new entrants into the bitcoin mining industry, allowing any U.S. customer to start mining BTC themselves. “Our clients are looking to put their money to work,…
On January 3, 2022, the Bitcoin network will be celebrating its 13th year of life after its creator Satoshi Nakamoto kick-started the protocol. The creator of Bitcoin has always been the community’s most famous and mysterious character. Roughly ten years ago, Satoshi logged off, never to return and it’s very likely the inventor won’t ever come back. Communication Breakdown Satoshi…
Decentralized lending platform Cream Finance appears to have suffered a severe exploit on Wednesday, with an attacker stealing over $100 million worth of funds through a large flash loan attack. Blockchain data analytics company PeckShield first identified the flash loan on Wednesday. The compromised funds were mainly Cream LP tokens, as well as other Ethereum-based tokens. #FlashLoanAlert https://t.co/XzAvHqoINN — PeckShield…
Artist collaborations are an undeniable cornerstone of modern pop culture. The confluence of creative minds ultimately captured in a single artwork is something that has perpetually aroused audiences, critics and the creative community. Take The Marilyn Diptych, by American pop art pioneer Andy Warhol. The iconic art piece is based on a publicity photograph of Marilyn Monroe for the 1953…
Locations providing crypto ATM services have increased exponentially this year, according to data compiled by a major tracking site. Bitcoin ATMs have doubled in number since January and close to 80 countries now host teller machines exchanging cryptocurrencies with fiat money. Over 30,000 Bitcoin ATMs Operate Around the World In a year when cryptocurrency markets broke all-time highs, the availability…
