The Pigeon Express
Almost 10 years ago James Howells threw away a hard drive during a clear out forgetting about the Bitcoin on it. Now, with the Bitcoin worth an estimated £150 million, he is planning to spend millions digging up a Newport landfill in a bid to find the lost hard drive. If recovered Mr Howells said […]
Tesla, which made waves last year when it revealed a major investment in Bitcoin, has now sold off most of its holdings of the cryptocurrency. The electric car firm has offloaded 75% of its Bitcoin, which was worth about $2 billion at the end of 2021. It is backing away as the value of the […]
Hackers claim to have obtained a trove of data on 1 billion Chinese from a Shanghai police database in a leak that, if confirmed, could be one of the largest data breaches in history. In a post on the online hacking forum Breach Forums last week, someone using the handle “ChinaDan” offered to sell nearly […]
Bitcoin dropped below $19,000 on Saturday to its lowest level in 18 months, extending its slide as investors pull back from riskier assets amid rising interest rates. The biggest cryptocurrency was down 7.1% to $18,993, having earlier touched $18,732, its lowest since December 2020. It is down about 59% this year, while rival cryptocurrency Ethereum-backed […]
The Central African Republic (CAR) has approved Bitcoin as legal tender. The second country to do so. CAR is one of the world’s poorest countries, but is rich in diamonds, gold and uranium. It has been wracked by conflict for decades and is a close Russian ally, with mercenaries from the Wagner Group helping fight […]
The FBI on Thursday blamed hackers associated with the North Korean government for stealing more than $600 million in cryptocurrency last month from a video gaming company. “Through our investigation we were able to confirm Lazarus Group and APT38, cyber actors associated with the DPRK, are responsible for the theft of $620 million in Ethereum […]
Stolen Bitcoin worth more than $5 billion has been seized by the US Department of Justice, the largest ever confiscation of its kind. Officials also arrested and charged two people on Tuesday with attempting to launder the money, which amounts to nearly 120,000 Bitcoin. The funds, stolen by a hacker who breached a cryptocurrency exchange […]
The International Monetary Fund’s board urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, highlighting a major obstacle for the nation’s efforts to get a loan from the institution. El Salvador last year sought a $1.3 billion IMF loan, but talks have been stymied by the lender’s […]
Bitcoin lost almost half its value since its November high, with cryptocurrency prices continuing to plunge as major economies look to curb their growing popularity. It’s not just Bitcoin, as cryptocurrencies in general have had a dismal start to the year. Bitcoin has fallen over 8% in the last 24 hours, and was trading at […]
Scammers took home $14 billion in cryptocurrency in 2021, thanks in large part to the rise of decentralized finance (DeFi) platforms, according to new data from blockchain analytics firm Chainalysis. Losses from crypto-related crime rose 79 percent from a year earlier, driven by a spike in theft and scams. Scamming was the greatest form of […]
El Salvador plans to build a Bitcoin city at the base of the Conchagua volcano, with the cryptocurrency used to fund the project, its president has announced. The city will be circular to represent the shape of a large coin and will be built in the south-eastern region of La Unión, President Nayib Bukele said. […]
Crypto mining companies are continuing to find innovative solutions to power problems despite concerns regarding Bitcoin mining’s immense power requirements and ecological impacts. A Pennsylvania firm recently purchased the financially challenged Scrubgrass power plant. The plant currently produces enough power for 1,800 Bitcoin miners, with output increases planned to support more than 20,000 miners by […]