Tag Archives: Bitcoin

North Korea Likely Behind $100 Million Crypto Theft

Reuters reports: North Korean hackers are most likely behind an attack last week that stole as much as $100 million in cryptocurrency from a U.S. company, three digital investigative firms have concluded. The cryptoassets were stolen on June 23 from Horizon Bridge, a service operated by the Harmony blockchain that allows assets to be transferred to other blockchains. Since then, …

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Hacker Rips Off Cryptocurrency Startup For $100M

TechCrunch reports: A hacker has exploited a vulnerability to steal $100 million from Harmony’s Horizon Bridge, which allows users to transfer their crypto assets from one blockchain to another. Harmony, the U.S. crypto startup behind Horizon, said in a blog post on Friday that it was notified of a “malicious attack” on its proprietary Horizon blockchain bridge on Thursday. Blockchain …

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Cryptocurrencies Lose $400B In Value In One Week

Forbes reports: Bitcoin has crashed under $20,000 per bitcoin after a huge crypto market meltdown wiped away around $400 billion of value in just a week – with some traders’ worst fears materializing. Billionaire investor Jeff Gundlach warned he wouldn’t be surprised to see the bitcoin price fall further to hit $10,000. The brutal bitcoin and crypto crash was partly …

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Cryptocurrency Stocks Plummet Amid Bitcoin Crash

CNBC reports: Bitcoin tumbled below $23,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets. Meanwhile, a crypto lending company called Celsius has paused withdrawals for its customers, sparking fears of contagion into the broader market. Over the weekend and into Monday morning, more than $200 billion had been …

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Bitcoin Crash May Push El Salvador Into Debt Default

El Pais reports: As a result of the fall in global markets caused by the uncertainty of the war in Ukraine, rising inflation and the US Federal Reserve’s decision to raise interest rates, the price of the most popular cryptocurrency in the world has plummeted more than 50% from its all-time highs. And with it, so too have the bonds …

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Anti-Vaxxers Turn To Bitcoin After Court Freezes Funds

Finbold reports: As of Friday, February 11, 5,061 donors have given Bitcoin for the truckers on Tallycoin, with a total of over 21 BTC gathered worth roughly $925,340 at the time of publication, as the amount of contributions closes in on $1 million. The campaign is able to receive all Bitcoins directly into crypto wallets in which they keep custody …

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Adams Lost $1000 In Paycheck-To-Bitcoin Conversion

The New York Post reports: Maybe he should’ve stuck with cash. Mayor Eric Adams may have lost more than $1,000 of his first City Hall paycheck in just four days after converting it into cryptocurrency during a plunge in the market, a Post analysis shows. Adams, who pulls an annual salary of $258,750, said Friday he converted his first biweekly …

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NYC Mayor To Convert First Paycheck To Bitcoin

The New York Daily News reports: Mayor Adams revealed Thursday that he will convert his first City Hall paycheck into cryptocurrency, seeking to make good on a campaign promise to use and promote the virtual cash system while in office. The first paycheck, due to arrive Friday, will “automatically be converted” into Bitcoin and Ethereum, two popular cryptocurrencies, via Coinbase, …

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New York City Mayor-Elect Wants To Be Paid In Bitcoin

Politico reports: New York City mayor-elect Eric Adams plans to convert his first paychecks into Bitcoin, as he vowed Thursday to make the city more welcoming to cryptocurrency. Adams announced in a Twitter post that he would take his first three paychecks in Bitcoin when he becomes mayor. Adams was responding to Miami Mayor Francis Suarez, who said he will …

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How Bitcoin Is Turning Extremists Into Millionaires

The Associated Press reports: The Daily Stormer website advocates for the purity of the white race, posts hate-filled, conspiratorial screeds against Blacks, Jews and women and has helped inspire at least three racially motivated murders. It has also made its founder, Andrew Anglin, a millionaire. Anglin has tapped a worldwide network of supporters to take in at least 112 Bitcoin …

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El Salvador First To Adopt Bitcoin As Legal Tender

Forbes reports: El Salvador has become the first country in the world to formally adopt cryptocurrency after its Congress voted overwhelmingly to approve a law classifying Bitcoin as legal tender, President Nayib Bukele [photo] said Wednesday, an initiative he hopes will boost foreign investment, improve financial inclusion and generate jobs. Bitcoin is set to become legal tender in 90 days, …

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Trump Condemns Bitcoin And Facebook’s Libra

Wired reports: Late Thursday, President Donald Trump unleashed a three-tweet squall declaring himself “not a fan of Bitcoin and other Cryptocurrencies,” and referring to the use of “unregu­lated digital assets” for “drug trade and other illegal activities.” He included Libra in that category, saying the platform “will have little standing or dependability” and would fall prey to similar dependability issues. …

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