bitcoin - Page 4

April 26 (UPI) — If he earns a spot on the Kansas City Chiefs’ roster to start the 2021 season, tight end Sean Culkin will become the first NFL player to convert his entire salary to Bitcoin.

A 33-year-old man was convicted of attempted extortion for threatening to blow up a hospital unless he was paid off with crypto currency.

According to analysts, Elon Musk’s electric car company Tesla has directly tied its share price to the value of Bitcoin following the company’s major investment in the cryptocurrency. One analyst told CNBC: “Musk runs the risk that this side show can overshadow the fundamental EV (electric vehicle) vision in the near term for investors.”

In an SEC filing on Monday, Elon Musk’s Tesla revealed that it has bought $1.5 billion worth of Bitcoin and will soon accept Bitcoin as a payment method for products in the future.

A British IT worker named James Howells is reportedly offering a 25 percent cut of his lost 7,500 Bitcoin fortune to the Welsh city of Newport if it allows him to excavate a landfill where he dumped the hard drive containing the Bitcoin treasure trove in 2013. The 7,500 Bitcoins are worth about $275 million at current prices, meaning the city stands to gain more than $70 million if the hard drive is found.

Twitter CEO Jack Dorsey recently laid out his opposition to proposed cryptocurrency regulation, stating that it would create “perverse incentives for cryptocurrency customers to avoid regulated entities for cryptocurrency transactions.”

Professional athletes love to get paid, but one particular professional athlete is getting paid like none other.

Coinbase CEO Brian Armstrong is sounding the alarm over a proposed regulation from the Department of the Treasury that would clamp down on the use of independent cryptocurrency wallets and potentially strengthen financial censorship.

BERLIN (AP) — A 33-year-old Italian citizen was going on trial Friday in Berlin on allegations that he threatened to blow up a British National Health Service hospital unless he was paid off with 10 million pounds ($13.2 million) in crypto currency.

Former employees of the popular cryptocurrency exchange Coinbase told the New York Times that they experienced racist and discriminatory treatment during their time with the company. The report comes just weeks following the adoption of a company policy that prohibited discussion of politics at the workplace.

The U.S. government revealed this week that it seized $1 billion in Bitcoin from the Silk Road, a dark web drug marketplace that was shut down by the FBI in 2013. The funds were uncovered through an agreement between the government and an unnamed hacker that acquired the bitcoin when the marketplace was still active.

There is growing concern that SEC chairman Jay Clayton is not doing enough to counter growing Chinese dominance in digital currency.

A forty-five-year-old man who laced Tesco baby food with metal shards has been sentenced to 14 years in prison after being found guilty of contaminating goods and blackmailing the British supermarket chain. Nigel Wright, 45, a farmer from Market Rasen

The  New York Times reports that federal authorities have brought criminal charges against the owners of one of the world’s biggest cryptocurrency trading exchanges, BitMEX, alleging that the Hong Kong-based company was used to launder money and engage in illegal transactions. BitMEX handles a volume of $1.5 billion in crypto trades each day, making it one of the top five cryptocurrency exchanges.

GENEVA (AP) – A Swiss region that has billed itself as a hub for high-tech finance said Thursday that it plans to accept cryptocurrencies Bitcoin and Ether for tax payments starting next year.

Assistant Attorney General John Demers told CBS News on Thursday that the Islamic State has a “sophisticated online operation” for selling fake personal protective equipment, primarily phony N-95 masks, and using the money for terrorist endeavors.

A 17-year-old teenager from Tampa, Florida, has been arrested after being accused of orchestrating the recent Twitter hack that saw the accounts of multiple high-profile users hijacked to spread a Bitcoin scam. The teen faces 30 felony charges related to the hack.

Legendary engineer and Apple co-founder Steve Wozniak is suing Google-owned YouTube over a series of cryptocurrency scams that reportedly used Wozniak’s name and likeness to lure in victims.

The social media website Twitter is “embarrassed” by the recent hack that saw 130 high-profile accounts hijacked and used to promote a Bitcoin scam, and multiple accounts having their entire account history downloaded.

Multiple verified Twitter accounts fell victim to a widespread hack that aimed to scam Twitter users into sending Bitcoin to anonymous accounts, now reports claim that hackers gained access to the accounts with the help of Twitter employees, possibly in exchange for money. The company blamed a “coordinated social engineering attack,” which implies that Twitter employees were tricked into unwittingly helping the hackers.

The third Bitcoin “halving” took place Monday afternoon, putting the inflation rate of this populist Internet money below the targeted annual inflation of the U.S. dollar.

An Ohio man has been arrested by federal authorities for running a “Bitcoin mixer” service on the dark web that helped to launder as much as $300 million in Bitcoin. The bitcoin allegedly laundered by the service are now worth $3.5 billion at the current valuation.

Burger King outlets in the crisis-struck nation of Venezuela will begin accepting various cryptocurrencies through a partnership with Cryptobuyer, the company announced on Thursday.

Google-owned video giant YouTube recently removed hundreds of cryptocurrency-related videos, apologizing shortly afterward and promised to reinstate banned videos and channels. So far, many are still offline.

Investors are calling for the body of cryptocurrency trader Gerald Cotten to be exhumed after they learned that at the time of his death, he had sole access to $137 million in bitcoin and other cryptocurrencies held by investors on the Quadriga CX trading platform.

The U.S. Treasury Department on Wednesday announced a crackdown on the “Chinese drug kingpins fueling America’s deadly opioid crisis.” The individuals and organizations designated for Treasury action deal in powerful synthetic opioids like fentanyl and carfentanil, which are often mixed into other street drugs without the knowledge of customers, resulting in countless deaths by overdose.

President Donald Trump faced a backlash from his online supporters last week after he condemned the Bitcoin cryptocurrency as “highly volatile” and a facilitator of illegal activity. Trump called for Facebook’s new “Libra” cryptocurrency to be regulated like a bank.

The city of Riviera Beach, Florida, agreed this week to pay $600,000 ransom in Bitcoin to a gang of hackers that encrypted its data, having concluded efforts to fight the data theft would be even more expensive and possibly futile.

The armed wing of Hamas is using increasingly complex methods of raising funds via bitcoin, researchers say, highlighting the difficulties regulators face in tracking cryptocurrency financing of outfits designated by some as terrorist groups.

Wired Magazine recently published an investigation into the world of deep web hitmen and the people that hire them.

The excellent Dominic Frisby has written a Brexit song which I think you all might enjoy. It has a particularly fine chorus, sung to the tune of the old Devon folk song Widdecombe Fair which brilliantly mocks Project Fear and all its myriad dodgy Establishment promulgators…

A recent article in the New York Times discusses Facebook and Telegram’s plans to introduce their own cryptocurrencies in the coming future.

Twitter CEO Jack Dorsey offered some strong praise of Bitcoin in a series of tweets on Tuesday. Dorsey pointed out Bitcoin’s “strong brand” and resiliency.

Facebook is reportedly developing a new cryptocurrency to be used for transferring money via the popular messaging app WhatsApp.

Contents: Bitcoin super-bubble implodes and crashes below $4,000; China’s ‘Belt and Road Initiative (BRI) Bubble’ may be in trouble

A Pakistani born American citizen pled guilty on Monday to charges of defrauding numerous financial institutions in a bitcoin scheme designed to fund the Islamic State (ISIS.)