How Bitcoin Can Immunize America From Cancel Culture

The confluence of tech and finance has produced a nascent soft social credit system. Digital currency may be the only way out.

#bitcoin-currency, #paypal, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #social-media, #united-states-politics-and-government, #virtual-currency

Bitcoin Cosplay Is Getting Real

The biggest worry about Bitcoin is that politicians will start taking it seriously.

#bitcoin-currency, #el-salvador, #virtual-currency

County I.T. Supervisor Mined Bitcoin at the Office, Prosecutors Say

Christopher Naples is accused of hiding 46 devices used for mining cryptocurrency in Suffolk County offices, costing the county thousands of dollars in electricity.

#bitcoin-currency, #computers-and-the-internet, #long-island-ny, #robberies-and-thefts, #virtual-currency

El Salvador’s Bitcoin Adoption Is Marred by Glitches

Experts had raised concerns about making the digital token an official currency and the rapid execution of new technology on a national scale.

#bitcoin-currency, #bukele-nayib, #el-salvador, #microstrategy-inc, #mobile-commerce-and-payments, #virtual-currency

In Global First, El Salvador Adopts Bitcoin as Currency

President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the move brings great risks.

#bitcoin-currency, #bukele-nayib, #currency, #economic-conditions-and-trends, #el-salvador, #latin-america

Meet the Freedom Phone, a Smartphone for Conservatives

A 22-year-old Bitcoin millionaire wants Republicans to ditch their iPhones for a low-end handset that he hopes to turn into a political tool.

#apple-inc, #bitcoin-currency, #censorship, #computer-security, #computers-and-the-internet, #conservatism-us-politics, #finman-erik, #freedom-of-speech-and-expression, #gab-ai-inc, #google-inc, #parler-llc, #politics-and-government

Crypto Banking and Decentralized Finance, Explained

The revolution in digital money is now moving into banking, as cryptocurrency starts to reshape the way people borrow and save.

#banking-and-financial-institutions, #bitcoin-currency, #blockfi-inc, #ethereum-foundation, #gensler-gary-s, #kraken-payward-inc, #powell-jerome-h, #regulation-and-deregulation-of-industry, #virtual-currency

The Way the Senate Melted Down Over Crypto Is Very Revealing

It almost derailed the bipartisan infrastructure bill’s passage.

#american-jobs-plan-2021, #bitcoin-currency, #blockchain-technology, #ehrsam-fred, #infrastructure-public-works, #law-and-legislation, #portman-rob, #regulation-and-deregulation-of-industry, #senate, #tax-evasion, #treasury-department, #united-states-economy, #united-states-politics-and-government, #us-dollar-currency, #virtual-currency

The Internet Eats Up Less Energy Than You Might Think

New research by two leading scientists says some dire warnings of environmental damage from technology are overstated.

#bitcoin-currency, #cloud-computing, #computers-and-the-internet, #data-centers, #environment, #koomey-jonathan, #masanet-eric, #research

No End to Whiplash in Meme Stocks, Crypto and More

With the pandemic starting to ease in the United States, many had expected a year of wild investments to slow. It hasn’t. Yet.

#amc-entertainment-holding-inc, #bitcoin-currency, #computers-and-the-internet, #dogecoin-project, #finances, #musk-elon, #nonfungible-tokens-nfts, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #social-media, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #virtual-currency

A Bailout Backlash Nears for Airlines

They, and other companies that took pandemic rescue money, face new demands in return for their rescues.

#airlines-and-airplanes, #alphabet-inc, #american-airlines, #bitcoin-currency, #goldman-sachs-group-inc, #pichai-sundar, #virtual-currency

How Private Equity Conquered the Tax Code

How a powerful industry conquered the U.S. tax system.

#antitrust-laws-and-competition-issues, #bitcoin-currency, #capital-gains-tax, #federal-taxes-us, #musk-elon, #private-equity, #vaccination-and-immunization

Bitcoin’s Many Flaws

Its value is volatile. Its users aren’t as anonymous as they think. It might be a threat to the environment. And it could be exacerbating inequality.

#bitcoin-currency, #brookings-institution, #colonial-pipeline-co, #computers-and-the-internet, #dogecoin-project, #extortion-and-blackmail, #musk-elon, #prices-fares-fees-and-rates, #virtual-currency

Bitcoin and Encryption: A Race Between Criminals and the F.B.I.

The F.B.I. scored two major victories, recovering a Bitcoin ransom and tricking lawbreakers with an encryption app. But criminals may still have the upper hand.

#apple-inc, #australia, #bitcoin-currency, #colonial-pipeline-co, #computer-security, #cyberattacks-and-hackers, #data-mining-and-database-marketing, #federal-bureau-of-investigation, #google-inc, #justice-department, #organized-crime, #police, #surveillance-of-citizens-by-government, #united-states, #united-states-politics-and-government, #virtual-currency

Bitcoin Is Actually Traceable, Pipeline Investigation Shows

The F.B.I.’s recovery of Bitcoins paid in the Colonial Pipeline ransomware attack showed cryptocurrencies are not as hard to track as it might seem.

#banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #colonial-pipeline-co, #computers-and-the-internet, #crime-and-criminals, #cyberattacks-and-hackers, #darkside-hacking-group, #extortion-and-blackmail, #federal-bureau-of-investigation, #justice-department, #search-and-seizure, #start-ups, #virtual-currency

U.S. Seizes Share of Ransom From Hackers in Colonial Pipeline Attack

Investigators traced 75 Bitcoins worth more than $4 million through nearly two dozen cryptocurrency accounts.

#biden-joseph-r-jr, #bitcoin-currency, #colonial-pipeline-co, #cyberattacks-and-hackers, #cyberwarfare-and-defense, #darkside-hacking-group, #extortion-and-blackmail, #federal-bureau-of-investigation, #justice-department, #revil-hacking-group, #russia, #shutdowns-institutional, #united-states-politics-and-government, #virtual-currency

Thousands Descend on Miami to Glorify Bitcoin

It was the largest Bitcoin event in the world and the first major in-person crypto conference since the pandemic started. The jargon, the liquor and the millionaire talk flowed.

#banking-and-financial-institutions, #bitcoin-currency, #computers-and-the-internet, #coronavirus-2019-ncov, #dorsey-jack, #high-net-worth-individuals, #mobile-commerce-and-payments, #nonfungible-tokens-nfts, #quarantine-life-and-culture, #social-media, #suarez-francis-x-1977, #twitter, #virtual-currency, #winklevoss-cameron, #wynwood-miami-fla, #zed-run-digital-platform

Secret Chats Show How Cybergang Became a Ransomware Powerhouse

As the ransomware industry exploded, a Russian-speaking outfit called DarkSide offered would-be computer crooks not just the tools, but also customer support. We got an inside look.

#bitcoin-currency, #colonial-pipeline-co, #computer-security, #cyberattacks-and-hackers, #darkside-hacking-group, #extortion-and-blackmail, #putin-vladimir-v, #ransomware, #russia

Krugman Asks: Does the U.S. Dollar’s Dominance Really Matter?

The irrelevance of dollar dominance. 

#bitcoin-currency, #currency, #money-laundering, #united-states, #us-dollar-currency

Technobabble, Libertarian Derp and Bitcoin

Rising asset prices don’t mean that silly ideas make sense.

#bitcoin-currency, #gold, #gold-standard-monetary, #ponzi-and-pyramid-schemes, #virtual-currency

Elon Musk Impostors Scammed $2 Million in Cryptocurrency, U.S. Says

Overall, nearly 7,000 investors lost $80 million in assorted cryptocurrency scams from October through March, according to a Federal Trade Commission report.

#bitcoin-currency, #dogecoin-project, #federal-trade-commission, #impostors-criminal, #musk-elon, #securities-and-commodities-violations, #virtual-currency

Tesla stops accepting Bitcoin as payment for its cars.

Elon Musk, Tesla’s chief executive, blamed the amount of energy, increasingly generated from fossil fuels, used by Bitcoin.

#bitcoin-currency, #musk-elon, #tesla-motors-inc

The Untold Story of the NFT Boom

Digital creators used the blockchain to create a whole new art scene. Then their work started selling for thousands — sometimes millions of dollars.

#art, #bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #nonfungible-tokens-nfts, #virtual-currency

As Scrutiny of Cryptocurrency Grows, the Industry Turns to K Street

Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.

#banking-and-financial-institutions, #biden-joseph-r-jr, #binance, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #conflicts-of-interest, #lobbying-and-lobbyists, #regulation-and-deregulation-of-industry, #ripple-labs-inc, #securities-and-exchange-commission, #trump-donald-j, #united-states-politics-and-government, #virtual-currency

We’re All Crypto People Now

Bitcoin and other cryptocurrencies have gone from curiosity to punchline to viable investment, making them almost impossible to ignore — for better or worse.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #nonfungible-tokens-nfts, #virtual-currency

In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy

The company’s stock market arrival establishes Bitcoin and other digital currencies in the traditional financial landscape. It also elevates a technology with astonishing environmental costs.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #global-warming, #greenhouse-gas-emissions, #virtual-currency

Why Coinbase’s IPO Is a Cryptocurrency Coming-Out Party

With acceptance from traditional investors, a profitable start-up that eases transactions is offering proof of the industry’s staying power.

#armstrong-brian-1983, #banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #ethereum-foundation, #initial-public-offerings, #tesla-motors-inc, #tusk-bradley-1973, #venture-capital, #virtual-currency

Don’t Fear Cryptocurrencies. Manage Them.

The idea that regulation chills activity in new markets is intuitive, but not always accurate. Sometimes the opposite is true.

#bitcoin-currency, #coinbase-inc, #regulation-and-deregulation-of-industry, #united-states-politics-and-government, #virtual-currency

NFTs Are Shaking Up the Art World. Are They Also Fueling Climate Change?

Making the digital artworks requires colossal amounts of computing power, and that means greenhouse gases.

#art, #bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #electric-light-and-power, #ethereum-foundation, #global-warming, #greenhouse-gas-emissions, #nonfungible-tokens-nfts, #winkelmann-mike-beeple

NFT Artwork by Sophia the Robot Sells for Nearly $700,000

An artwork that sold for nearly $700,000 was the latest in the frenzied market for digital art — and possibly the first created in part by a non-human.

#art, #bitcoin-currency, #hong-kong, #nonfungible-tokens-nfts, #robots-and-robotics

Coinbase Users Say Crypto Start-Up Ignored Their Pleas for Help

As Coinbase prepares to be the first major cryptocurrency company to go public, it is struggling with basic customer service, users said.

#banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #customer-relations, #cyberattacks-and-hackers, #regulation-and-deregulation-of-industry, #suits-and-litigation-civil, #virtual-currency

Twitter Hacker Pleads Guilty in Florida Court

The 18-year-old is expected to serve three years in a juvenile facility in return for the plea.

#bitcoin-currency, #clark-graham-ivan, #computers-and-the-internet, #social-media, #twitter, #virtual-currency

From Crypto Art to Trading Cards, Investment Manias Abound

Each market frenzy seems crazier than the last. But all have the same roots.

#art, #bitcoin-currency, #coinbase-inc, #collectors-and-collections, #computers-and-the-internet, #interest-rates, #mergers-acquisitions-and-divestitures, #nonfungible-tokens-nfts, #quarantine-life-and-culture, #robinhood-financial-llc, #shoes-and-boots, #sneakers, #stocks-and-bonds, #stockx, #trading-cards, #virtual-currency

Bill Gates Is Worried About Bitcoin’s Carbon Footprint

It’s all about the carbon footprint.

#bitcoin-currency, #blackrock-inc, #gates-bill, #lincoln-project, #nasdaq-stock-market, #storming-of-the-us-capitol-jan-2021, #united-states-chamber-of-commerce

Why Bill Gates Is Worried About Bitcoin

It’s all about the carbon footprint.

#bitcoin-currency, #blackrock-inc, #gates-bill, #lincoln-project, #nasdaq-stock-market, #storming-of-the-us-capitol-jan-2021, #united-states-chamber-of-commerce

Bitcoin’s Climate Change Impact Is Under Scrutiny

As companies and investors increasingly say they are focused on climate and sustainability, the cryptocurrency’s huge carbon footprint could become a red flag.

#alternative-and-renewable-energy, #bitcoin-currency, #corporate-social-responsibility, #gates-bill, #greenhouse-gas-emissions

China Charges Ahead With a National Digital Currency

The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.

#alipay, #banking-and-financial-institutions, #bitcoin-currency, #computers-and-the-internet, #currency, #innovation, #mobile-applications, #mobile-commerce-and-payments, #peoples-bank-of-china, #politics-and-government, #renminbi-currency, #virtual-currency, #wechat-mobile-app

Why an Animated Flying Cat With a Pop-Tart Body Sold for Almost $600,000

A fast-growing market for digital art, ephemera and media is marrying the world’s taste for collectibles with cutting-edge technology.

#andreessen-horowitz, #andreessen-marc-l, #bitcoin-currency, #collectors-and-collections, #computers-and-the-internet, #cuban-mark, #gemini-trust-co-llc, #horowitz-ben, #lohan-lindsay, #music, #prices-fares-fees-and-rates, #venture-capital, #vine-labs-inc, #virtual-currency

The SPAC Boom Has Some Downsides

The blank-check boom shows no signs of slowing, but there are reasons to be wary.

#ackman-william-a, #bitcoin-currency, #corporate-social-responsibility, #lobbying-and-lobbyists, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #united-states-chamber-of-commerce

Bitcoin and Dogecoin Are Boosted by Elon Musk

Bitcoin and even Dogecoin, which began as a playful experiment, are soaring in value as billionaires, companies and celebrities promote the digital currencies.

#bitcoin-currency, #celebrities, #computers-and-the-internet, #dogecoin-project, #electric-and-hybrid-vehicles, #hedge-funds, #mobile-applications, #mobile-commerce-and-payments, #musk-elon, #snoop-dogg, #social-media, #tesla-motors-inc, #virtual-currency

What Can You Buy With Bitcoin?

Pornography, patio furniture and an at-home coronavirus test are among the odd assortment of goods and services people are purchasing with the cryptocurrency.

#bitcoin-currency, #shopping-and-retail

As Bitcoin’s Price Surges, Affluent Investors Start to Take a Look

Cryptocurrencies, originally a way to conduct business outside the financial system, are increasingly seen as an asset akin to private equity or venture capital.

#bitcoin-currency, #content-type-service, #high-net-worth-individuals, #mtgox-co-ltd, #regulation-and-deregulation-of-industry, #virtual-currency, #wills-and-estates

They Found a Way to Limit Big Tech’s Power: Using the Design of Bitcoin

Companies inspired by the cryptocurrency are creating social networks, storing online content and hosting websites without any central authority.

#bitcoin-currency, #blockchain-technology, #censorship, #computers-and-the-internet, #dorsey-jack, #facebook-inc, #fringe-groups-and-movements, #right-wing-extremism-and-alt-right, #social-media, #twitter, #video-recordings-downloads-and-streaming, #virtual-currency, #youtube-com

As Bitcoin Prices Swing, Millionaires Lose Sleep Over Lost Keys

Bitcoin owners are getting rich because the cryptocurrency has soared. But what happens when you can’t access that wealth because you forgot the password to your digital wallet?

#banking-and-financial-institutions, #bitcoin-currency, #computer-security, #computers-and-the-internet, #currency, #lost-and-found-property, #virtual-currency, #wallet-recovery-services

Companies That Donated to Senators Planning Election Results Challenge Face Questions

Awkward questions for the companies that donated to senators planning to challenge the 2020 election results.

#alibaba-group-holding-ltd, #ant-financial-services-group, #bitcoin-currency, #campaign-finance, #cruz-ted, #daines-steve, #hawley-josh-d-1979, #ma-jack, #marshall-roger-w-1960, #presidential-election-of-2020

How I Blew My Bitcoin on Sushi

In 2013, this reporter spent 10 Bitcoin, worth $1,000 at the time, on a dinner for dozens of strangers in San Francisco. The owner of the restaurant wisely held onto it.

#bitcoin-currency, #internet-archive, #personal-finances, #virtual-currency

Bitcoin Climbs to Record High

The crazy cousin of traditional currencies, which fell below $4,000 in March, passed $19,783. More investors now are buying it for the long term.

#banking-and-financial-institutions, #bitcoin-currency, #computers-and-the-internet, #currency, #gold, #office-of-the-comptroller-of-the-currency, #paypal, #square-inc, #virtual-currency

‘Tokenized’: Inside Black Workers’ Struggles at Coinbase

Coinbase, the most valuable U.S. cryptocurrency company, has faced many internal complaints about discriminatory treatment.

#armstrong-brian-1983, #bitcoin-currency, #black-lives-matter-movement, #black-people, #coinbase-inc, #computers-and-the-internet, #corporate-social-responsibility, #discrimination, #hiring-and-promotion, #minorities, #race-and-ethnicity, #start-ups, #venture-capital, #virtual-currency, #workplace-environment, #workplace-hazards-and-violations

Twitter Hack May Have Had Another Mastermind: A 16-Year-Old

On Tuesday, federal agents served a Massachusetts teenager with a search warrant. He appears to have played a significant role in the July 15 Twitter attack, investigators and fellow hackers said.

#bitcoin-currency, #clark-graham-ivan, #computer-security, #computers-and-the-internet, #cyberattacks-and-hackers, #frauds-and-swindling, #massachusetts, #phishing-computer-fraud, #search-and-seizure, #social-media, #twitter

From Minecraft Tricks to Twitter Hack: A Florida Teen’s Troubled Online Path

The teenage “mastermind” of the recent Twitter breach, who had a difficult family life, poured his energy into video games and cryptocurrency.

#bitcoin-currency, #clark-graham-ivan, #computer-and-video-games, #computers-and-the-internet, #cyberattacks-and-hackers, #frauds-and-swindling, #robberies-and-thefts, #social-media, #twitter, #video-recordings-downloads-and-streaming