Who Let the Doge Out? The Cryptocurrency Is As Nutty and Joyful As Ever

Who Let the Doge Out? The Cryptocurrency Is As Nutty and Joyful As Ever

In any case, the influencers who dusted off silly old Dogecoin, after the joke had gotten shopworn and trading was flat, are a forerunner of the merry pranksters on Reddit who put the squeeze to hedge funds that were short-selling GameStop in January.

Bitcoin’s Greatest Feature Is Also Its Existential Threat

Bitcoin’s Greatest Feature Is Also Its Existential Threat

Now the content-delivery network Akamai has reported on a new method: a botnet that uses the Bitcoin blockchain ledger.To be fair, not absolutely everyone who uses a blockchain holds a copy of the entire ledger.

An Engineer Gets 9 Years for Stealing $10M From Microsoft

An Engineer Gets 9 Years for Stealing $10M From Microsoft

In late 2017 and early 2018, he stole millions of dollars worth of Microsoft store credit and resold it online for bitcoin, which he then cashed out using Coinbase."The value of the bitcoin deposits to Kvashuk's Coinbase account generally correlated with the value of the purchased and redeemed [Microsoft credit]," the government argued.

Feds Seize $1 Billion in Stolen Silk Road Bitcoins

Feds Seize $1 Billion in Stolen Silk Road Bitcoins

According to the IRS's criminal investigation unit, Individual X successfully hacked the Silk Road sometime between May of 2012 and April of 2013, stealing that abundance of drug money from the dark web site's bitcoin addresses before Ulbricht's downfall in October of 2013.

How the Alleged Twitter Hackers Got Caught

How the Alleged Twitter Hackers Got Caught

Later, to help back up his claim, Kirk#5270 appears to have changed the email address tied to the Twitter account @foreign to an email address belonging to Rolex#0373.

A Twitter Hacking Spree Hits Musk, Obama, Apple, and More

A Twitter Hacking Spree Hits Musk, Obama, Apple, and More

Those are just a handful of the major, million-plus-follower Twitter accounts that were compromised Wednesday afternoon, each in service of a bitcoin scam that has already earned the hackers behind it well over $100,000 in a few short hours.

New Mac Ransomware Is Even More Sinister Than It Appears

New Mac Ransomware Is Even More Sinister Than It Appears

In addition to ransomware, ThiefQuest has a whole other set of spyware capabilities that allow it to exfiltrate files from an infected computer, search the system for passwords and cryptocurrency wallet data, and run a robust keylogger to grab passwords, credit card numbers, or other financial information as a user types it in.

How ‘Sustainable’ Web Design Can Help Fight Climate Change

How ‘Sustainable’ Web Design Can Help Fight Climate Change

“All of that information really adds up.” When the European Union's regulations forced US companies to remove some tracking code from their sites for European visitors, USA Today's homepage shed 90 percent of its data size and loaded 15 times faster, as the designers at Mightybytes reported.

The 'Robo Revenge' App Makes It Easy to Sue Robocallers

The 'Robo Revenge' App Makes It Easy to Sue Robocallers

The company has put a $50 million infusion towards building out features that make it not just secure, but accessible to normals .A Clever New App Makes Suing Robocallers a CinchThe good people at DoNotPay have previously automated the arduous processes of fighting parking tickets and canceling subscriptions.

Inside the Icelandic Facility Where Bitcoin Is Mined

Inside the Icelandic Facility Where Bitcoin Is Mined

The abundant water and underground heat is harnessed by hydroelectric dams and geothermal power stations to produce cheap, green electricity that facilitates the energy-intensive process of confirming cryptocurrency transactions—called mining, since miners are rewarded for their efforts with newly minted and extremely volatile “coins.” The fact temperatures rarely top 57 degrees Fahrenheit also helps.

How a Bitcoin Trail Led to a Massive Dark Web Child-Porn Site Takedown

How a Bitcoin Trail Led to a Massive Dark Web Child-Porn Site Takedown

To "follow the money," as officials put it in Wednesday's press conference, law enforcement agents sent fairly small amounts of bitcoin—roughly equivalent at the time to $125 to $290—to the bitcoin wallets Welcome to Video listed for payments.

Facebook Is Losing Its Cover for Libra As More Members Flee

Facebook Is Losing Its Cover for Libra As More Members Flee

Last week, PayPal became the first to defect from the 28-member Libra Association, declining to participate in Facebook’s vision for global payments—a vision it helped seed .

The Serious Money Is Warming to Bitcoin

The Serious Money Is Warming to Bitcoin

The deal wasn’t a surprise, following reports this spring that Coinbase had outbid Fidelity Digital Assets, which started offering custody to clients in March.The better custody arrangements are another draw, he suggests, making it more appealing for institutional investors who could potentially store hundreds of millions of dollars worth of digital assets.

Was Bitcoin Created by This International Drug Dealer? Maybe!

Was Bitcoin Created by This International Drug Dealer? Maybe!

After a month, I was able to convince a colleague with deep cryptocurrency knowledge, someone who’d followed every twist and turn of the Satoshi saga, that Le Roux was the odds-on solution to the mystery of who created bitcoin.

President Trump Is the Latest Critic of Facebook's Libra

President Trump Is the Latest Critic of Facebook's Libra

Gregory Barber covers cryptocurrency, blockchain, and artificial intelligence for WIRED.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.

The Hard-Luck Texas Town That Bet on Bitcoin—and Lost

The Hard-Luck Texas Town That Bet on Bitcoin—and Lost

Bitmain, a Chinese company that makes specialized computers for “mining” cryptocurrency, said it would invest $500 million in what was to be the world’s largest bitcoin -mining facility at the closed Alcoa smelter, which, crucially, was still connected to massive electrical lines.

The Cryptocurrency Rush Transforming Old Swiss Gold Mines

The Cryptocurrency Rush Transforming Old Swiss Gold Mines

For his series The Gold of Gondo , Cerasoli juxtaposes photographs of blockchain computing with images of abandoned gold mines, prompting viewers to wonder what, in a hundred years, will remain of Alpine Tech's bitcoin boom.

What Is Blockchain? The Complete WIRED Guide

What Is Blockchain? The Complete WIRED Guide

Big financial services companies, including JP Morgan and the Depository Trust & Clearing Corporation, are experimenting with blockchains and blockchain-like technologies to improve the efficiency of trading stocks and other assets.

Lawmakers Express Privacy Concerns About Facebook’s Libra

Lawmakers Express Privacy Concerns About Facebook’s Libra

Regulators in Europe are worried that Libra could become a systemic risk to the global financial system and rival central banks; a member of the US Congress called for Facebook to halt development until it answers questions about privacy; officials elsewhere have expressed fears that any cryptocurrency may help users evade global sanctions or launder money.

The Ambitious Plan Behind Facebook’s Cryptocurrency, Libra

The Ambitious Plan Behind Facebook’s Cryptocurrency, Libra

Mission: “a simple global currency and infrastructure that empowers billions of people.” It begins with a new cryptocurrency designed for payments ranging from micropayments to remittances without fees (“as easy to send money as an email”) as well as enabling more exotic “smart money” use cases like dynamic contracts, which could enable blockchain-based loans or insurance.

Inside the Crypto World's Biggest Scandal

Inside the Crypto World's Biggest Scandal

Arthur hadn’t thought it was such a bad idea; the intention was to make the foundation more nimble and efficient, and the Breitmans’ major concern about Gevers was that his responsibilities at Monetas would leave little time for Tezos Foundation work.

Bitcoin's Climate Impact Is Global. The Cures Are Local.

Bitcoin's Climate Impact Is Global. The Cures Are Local.

In a paper published Wednesday in the journal Joule, his team takes a closer look at the energy consumption of bitcoin mining, based on where miners are located and the types of machines they are using.

Microsoft Wants to Protect Your Identity With Bitcoin

Microsoft Wants to Protect Your Identity With Bitcoin

Instead, Microsoft is tackling the challenges of making a truly decentralized solution for a large number of users. His group at Cornell is working on some problems, such as issuing credentials in a way that preserves privacy, and how people will take care of their security keys—the “Achilles heel” of any decentralized system, he says.

Hackers Stole $40 Million From Binance Cryptocurrency Exchange

Hackers Stole $40 Million From Binance Cryptocurrency Exchange

It appears that hackers were able to compromise several high net worth accounts, whose bitcoin was kept in Binance’s so-called hot wallet—which unlike cold wallets are connected to the internet—and filch those funds in a single transaction.

Hollywood Tackles Blockchain—With Not-Disastrous Results

Hollywood Tackles Blockchain—With Not-Disastrous Results

Instead, Hollywood has given us Crypto, a product of headier times, when the Bitcoin bubble still held air. It’s that sort of thing that makes Crypto, while thoughtful about cryptocurrency, a mess of a movie.

A Fight Over Specialized Chips Threatens an Ethereum Split

A Fight Over Specialized Chips Threatens an Ethereum Split

A spokesperson for Linzhi, in an email to WIRED, called it a move to “counter Chinese supremacy in crypto.” But many critiques have centered on Minehan herself, focusing on her experience working with GPU makers and alleging that she had been paid to develop the algorithm.

This Montana County Wants to Crimp Bitcoin to Save the Earth

This Montana County Wants to Crimp Bitcoin to Save the Earth

It comes in advance of a resolution that would commit the Missoula area to 100 percent clean electricity by 2030.“We looked at the potential for new bitcoin mining and saw that we’re never going to meet these goals if mining happens in the way it’s been happening,” says Josh Slotnick, who sits on the board of commissioners.

What's the Value of a Facebook Cryptocoin?

What's the Value of a Facebook Cryptocoin?

With a centralized approach, Facebook could sidestep the sluggishness and high costs of decentralized blockchains, like Bitcoin, and keep an eye on nefarious uses of its coin.

Anarchy, Bitcoin, and Murder in Acapulco

Anarchy, Bitcoin, and Murder in Acapulco

It’s approaching midnight as hundreds of anarchists gather at the edge of the surf at a beach in Acapulco, Mexico. Berwick's wife, Kena, is an Acapulco native with deep ties in a city of 800,000 people that locals say feels like a small town.

There's No Good Reason to Trust Blockchain Technology

There's No Good Reason to Trust Blockchain Technology

(By this, I mean systems that use the blockchain data structure but don’t have the above three elements.) In general, they have some external limitation on who can interact with the blockchain and its features.