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.
While more established privacy-focused cryptocurrencies like Zcash and Monero have been more widely used and arguably better tested, Marlinspike says Signal chose to integrate MobileCoin because it has the most seamless user experience on mobile devices, requiring little storage space on the phone and needing only seconds for transactions to be confirmed.
According to court documents, McAfee and his associates raked in a combined $13 million between the two efforts, both of which relied on using McAfee’s popular Twitter account to push niche cryptocurrencies or promote initial coin offerings without disclosing that he stood to profit, either through investment gains or promotional fees.
Each image was associated with a unique string of digits—a cryptocurrency “non-fungible token,” or NFT—that could be traded on the Ethereum blockchain platform as a title deed granting the holder ownership of a particular kitty.
It's no secret that North Korea's hackers have rampaged around the global internet for years, stealing hundreds of millions of dollars, extorting companies, and even carrying out vendettas against perceived enemies of the Kim Jong-Un regime.
In a series of civil and criminal complaints and forfeiture notices released today, the Justice Department has revealed that it seized hundreds of bitcoin and ethereum accounts, millions of dollars, and four websites from known Islamic extremist groups that were using those accounts and funds to support terrorist operations.
The prominent hacker and Ethereum developer Virgil Griffith was arrested by the US government Friday after he spoke at an April conference on blockchain technologies in North Korea.He has been a research scientist at the Ethereum Foundation since 2016.This story originally appeared on Ars Technica.
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.
But this is the first instance where I’ve seen it being used on a mass scale," says Marcus Hutchins, a malware researcher for security firm Kryptos Logic who was one of the first to build a working proof-of-concept for the BlueKeep vulnerability.
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.
On this episode of Gadget Lab, WIRED writer Gregory Barber explains the intricacies of Facebook’s ambitious plan and how Libra is poised to rattle the future of crypto.
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.
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.
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.
A Shitty Robot Tesla Truck, Facebook's New Cryptocurrency, and More News. Facebook is unveiling a cryptocurrency, a YouTuber hacked up her Tesla, and US cyber experts worry about war with Russia. The ambitious plans behind Facebook's new cryptocurrency.
Jesse Powell, CEO of the cryptocurrency exchange Kraken, says his company, which has been dropped by US banks in the past, could use such a banking license to hold crypto assets.
Security News This Week: Cryptocurrency Company Hacks Itself Before Hackers Can Hack It. Alyssa Walker. But Microsoft took the rare step this week of reversing course on some of its initiatives, deleting a database of 10 million images built from publicly available shots of 100,000 notable people.
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.
As the Journal notes, Facebook’s foray into blockchain could look a bit like a loyalty-points system—tokens that can be earned through and spent on Facebook services, or cashed out elsewhere though partner merchants.
Today, ad networks pay sites like for ad space and web browsers like Brave and Chrome deliver content from those publishers to users. Eventually, the company plans to offer a service that will replace any blocked ads on a publisher's site with ads placed by Brave and give those publishers a cut of the ad revenue.
An executive who works closely with Chinese mining firms told WIRED that although the ban was widely expected to move forward, miners expect it will take years for the government to fully rein in their operations.
For example, the cloud monitoring and defense firm RedLock said in February that Tesla's Amazon Web Services cloud infrastructure was running mining malware thanks to an inconspicuous, but extensive cryptojacking campaign.
His calculations of how much energy—and planet-warming carbon emissions—the top four cryptocurrencies might be responsible for appears in an article in the journal Nature Sustainability today, joining a growing canon of peer-reviewed and rigorous work trying to put numbers to a problem the cryptocurrency world has been grappling with for years: How much energy blockchain-powered currencies consume, and how much does the answer matter?Whoever Satoshi Nakamoto is, the genius of his, her, or their idea for bitcoin—published almost exactly a decade ago—was in solving the key problem with digital currency: You can generate more by just copy-pasting.