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
The logo of HTX, formerly known as Huobi, is seen on the screen of a mobile device in this photo. Nurphoto | Nurphoto | Getty Images Two cryptocurrency platforms linked to high-profile digital entrepreneur Justin Sun were hacked in two exploits that may have stolen an estimated $115 million to date. The targeted projects include … Read more
Hamas and militant groups’ use of cryptocurrency, while significant, pales in comparison to the amount of cryptocurrency used by other illicit actors. Hamas, for instance, raised $41 million in cryptocurrency over the past two years, and Palestinian Islamic Jihad raised $91 million, according to a report last week in the Wall Street Journal that cited … Read more
Gideon Lichfield: You said just now that what Sam Bankman-Fried did was allegedly illegal. Is there a world in which it wasn’t illegal? Michael Casey: I think we all—I know. I’m trying to be a good journalist here, Gideon. I’m just trying to like— Gideon Lichfield: Just because he hasn’t been found guilty yet. Michael … Read more
Idris Elba learned about crypto at the same time as almost everyone else: when prices went through the roof. The British actor and filmmaker, best known for his roles in TV series The Wire and Luther, watched on during the pandemic as his celebrity peers tried to get in on the action. In 2021, sensing … Read more
This week, Worldcoin, an outfit that goals to function proof of personhood in a world the place it’s more durable by the day to tell apart a human from a bot, raised $115 million in Collection C funding. Led by the 10-year-old enterprise agency Blockchain Capital, whose bets have included Coinbase, Kraken and OpenSea, the … Read more