By now, you’ve likely heard of Dogecoin, the popular cryptocurrency named after the popular “doge” internet meme. During the last cryptocurrency boom, buoyed by the few successful examples like Dogecoin and the similarly-inspired Shiba Inu coin, memecoins became pretty popular among get-rich-quick scammers looking to make fast money with quick pump-and-dump schemes. The memecoin craze … Read more
A judge in the UK High Court has declared that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the creator of Bitcoin, marking the end of a years-long debate. “The evidence is overwhelming,” said Justice James Mellor, delivering a surprise ruling at the close of the trial. “First, that Dr. Wright is not the … Read more
The latest surge in the price of bitcoin is increasing the clamor around it, says Dal Bianco, drawing in yet more speculators and creating a “self-reinforcing cycle.” Likewise, when collective confidence in the prospect of further price growth falters, she says, the resultant downturn can be equally sudden. Under these conditions, demand can vanish as … Read more
The ransomware attack targeting medical firm Change Healthcare has been one of the most disruptive in years, crippling pharmacies across the US—including those in hospitals—and leading to serious snags in the delivery of prescription drugs nationwide for 10 days and counting. Now, a dispute within the criminal underground has revealed a new development in that … Read more
Andrea Gacki, director of the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury, appears onscreen during the Chainalysis Links conference in New York, US, on Thursday, May 19, 2022. Bloomberg | Bloomberg | Getty Images Sanctioned entities, like those linked to North Korean hacking groups and U.S.-designated terrorist organizations such … Read more
Bitcoin was invented by Satoshi Nakamoto, an enigmatic figure about whom almost nothing is known. Fifteen years ago, Satoshi brought the idea of an electronic cash system into being with the help of a small cast of oddballs. This week, some of those early collaborators—now crypto-celebrities in their own right—took to the witness box of … Read more
The book traces the following thesis: At first, the internet was open, but limited. Private companies brought interactivity to the web and grew fat on the proceeds, but that made it difficult for users to leave their networks and for competitors to enter the market. The concentration of power in the hands of Big Tech … Read more
Vertigo3d | E+ | Getty Images DAVOS, Switzerland — Blockchain could be used to prevent bias in the data that artificial intelligence models are being trained on — and that could be a “killer use case” for the technology, executives told CNBC. One of the concerns about the AI models — the kind that underpin … Read more
Bitcoin devotees are declaring a historic victory after US regulators approved a new, more accessible way for people to invest in the crypto asset after a decade of resistance. Yet they won’t go anywhere near it themselves. On January 10, after a farcical false start, the US Securities and Exchange Commission approved the launch of … Read more
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Blockchain games are returning to Epic Games’ marketplace. The Epic Games Store has a strict ban on games classified as “Adults Only” by the Entertainment Software Rating Board (ESRB) — normally games with excessive nudity or violence. But the marketplace announced today that blockchain games classified as AO only because they use blockchain are an … Read more