How North Korea Used Crypto to Hack Its Way Through the Pandemic

The isolated country continues to find ways to evade sanctions and generate income while operating on the fringes of the global financial system.

#computers-and-the-internet, #cyberwarfare-and-defense, #embargoes-and-sanctions, #kim-jong-un, #lazarus-group, #north-korea, #virtual-currency

Crypto Crash Widens Divide Between Rich and Amateur Traders

No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.

#armstrong-brian-1983, #bitcoin-currency, #careers-and-professions, #coinbase-inc, #computers-and-the-internet, #currency, #executive-compensation, #gemini-trust-co-llc, #high-net-worth-individuals, #labor-and-jobs, #layoffs-and-job-reductions, #start-ups, #unemployment, #virtual-currency, #winklevoss-cameron, #winklevoss-tyler

‘Venture Capitalists Are Going to Turn Into Vulture Capitalists,’ and Other Predictions From Andrew Ross Sorkin

The New York Times DealBook editor and Kara Swisher try to make sense of the economy.

#audio-neutral-informative, #coinbase-inc, #netflix-inc, #sorkin-andrew-ross, #stocks-and-bonds, #twitter, #united-states-economy, #virtual-currency

Wonking Out: Wasn’t Bitcoin Supposed to Be a Hedge Against Inflation?

Another crypto myth bites the dust.

#bitcoin-currency, #economics-theory-and-philosophy, #federal-reserve-system, #gold, #inflation-economics, #interest-rates, #internal-sub-only-nl, #international-trade-and-world-market, #united-states-economy, #us-dollar-currency, #virtual-currency

Bitcoin Plummets Below $20,000 for First Time Since November 2020

Its fall was accelerated in recent weeks by the collapse of two major cryptocurrency projects while sowing doubts about the stability of the overall cryptocurrency market.

#banking-and-financial-institutions, #bitcoin-currency, #computers-and-the-internet, #currency, #layoffs-and-job-reductions, #prices-fares-fees-and-rates, #quarantine-life-and-culture, #social-media, #virtual-currency

Tether: The Coin That Could Wreck Crypto

As cryptocurrencies have plunged, attention has focused on a potential point of vulnerability: the market’s reliance on a so-called stablecoin called Tether.

#banking-and-financial-institutions, #bitcoin-currency, #commercial-paper-finance, #computers-and-the-internet, #currency, #james-letitia, #regulation-and-deregulation-of-industry, #tether, #virtual-currency, #yellen-janet-l

Crypto, Houses, Sneakers, Rolexes: How FOMO Drove the Economy

For millions of people, Bitcoin, like real estate and dot-coms before it, offered hope for escaping dead-end jobs.

#blockchain-technology, #fads, #luxury-goods-and-services, #regulation-and-deregulation-of-industry, #united-states-economy, #virtual-currency

As Bitcoin Busts, What’s the Future of Web3? And What Even Is Web3?

Kara Swisher talks to Chris Dixon of Andreessen Horowitz about why Silicon Valley is doubling down on crypto despite its slide.

#andreessen-horowitz, #computers-and-the-internet, #dixon-chris-1972, #ethereum-foundation, #virtual-currency

Yes, Crypto Is Crashing Again. Blockchain Will Survive.

Don’t be distracted by the shenanigans going on in the casino.

#blockchain-technology, #computers-and-the-internet, #economic-conditions-and-trends, #entrepreneurship, #kwon-do, #regulation-and-deregulation-of-industry, #terraform-labs-pte-ltd, #united-states-economy, #virtual-currency

Inside a Corporate Culture War Stoked by a Crypto C.E.O.

Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”

#bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #kraken-payward-inc, #layoffs-and-job-reductions, #powell-jesse-cryptocurrency-executive, #start-ups, #virtual-currency, #workplace-environment

Crypto Firms Quake as Prices Fall

Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem.

#banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #layoffs-and-job-reductions, #start-ups, #virtual-currency

Bitcoin Drops 18 Percent to Lowest Price Since 2020

The cryptocurrency market plunged again as Ether, the second-most valuable currency, dropped more than 20 percent.

#bitcoin-currency, #stocks-and-bonds, #united-states-economy, #virtual-currency

Fight Looms Over New York’s Bid to Slow Crypto-Mining Boom

Crypto interests are lobbying Gov. Kathy Hochul to veto a groundbreaking bill that would temporarily halt new crypto-mining projects at fossil-fuel burning plants.

#environment, #greenhouse-gas-emissions, #hk-ftx-trading-ltd-futures-exchange, #hochul-kathleen-c, #law-and-legislation, #mines-and-mining, #new-york-state, #politics-and-government, #state-legislatures, #virtual-currency

How Anonymous Is Bitcoin, Really?

In myth, the cryptocurrency is egalitarian, decentralized and all but anonymous. The reality is very different, scientists have found.

#bitcoin-currency, #blockchain-technology, #computers-and-the-internet, #cryptography-codes-and-ciphers, #data-mining-and-database-marketing, #mathematics, #silk-road-web-site, #virtual-currency, #your-feed-science

From the Big Short to the Big Scam

Fraud aside, what are cryptocurrencies for?

#banking-and-financial-institutions, #frauds-and-swindling, #terrausd, #virtual-currency

Thefts, Fraud and Lawsuits at the World’s Biggest NFT Marketplace

OpenSea, one of the highest-profile crypto start-ups, is facing a backlash over stolen and plagiarized nonfungible tokens.

#alex-atallah, #art, #collectors-and-collections, #computers-and-the-internet, #customer-relations, #devin-finzer, #monkeys-and-apes, #nonfungible-tokens-nfts, #opensea-ozone-networks-inc, #plagiarism, #start-ups, #venture-capital, #virtual-currency

Cryptocurrency Firms Expand Physical Footprint in New York

Cryptocurrency firms have been setting up or expanding office space in New York, but the recent market turbulence could hamper their longevity.

#nonfungible-tokens-nfts, #real-estate-commercial, #virtual-currency

How Influencers Hype Crypto, Without Disclosing Their Financial Ties

Logan Paul, Paul Pierce and other celebrities have promoted risky and obscure digital currencies, sometimes failing to mention their conflicts of interest.

#advertising-and-marketing, #celebrities, #computers-and-the-internet, #currency, #mayweather-floyd-jr, #nonfungible-tokens-nfts, #online-advertising, #paul-logan-1995, #social-media, #virtual-currency

Has the Crypto Crash Hurt Your Investments? We Want to Hear About It.

Tell us about your experiences in the volatile crypto market.

#computers-and-the-internet, #internal-open-access, #virtual-currency

How a Trash-Talking Crypto Bro Caused a $40 Billion Crash

Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early.

#bitcoin-currency, #computers-and-the-internet, #currency, #do-kwon, #entrepreneurship, #hedge-funds, #social-media, #start-ups, #terraform-labs, #venture-capital, #virtual-currency

All Those Celebrities Pushing Crypto Are Not So Vocal Now

Crypto boosters such as Matt Damon, Reese Witherspoon and Gwyneth Paltrow have been criticized for hyping virtual currency without highlighting the risks.

#advertising-and-marketing, #bitcoin-currency, #celebrities, #crypto-com-foris-dax-inc, #damon-matt, #david-larry, #embiid-joel, #hk-ftx-trading-ltd-futures-exchange, #online-advertising, #paltrow-gwyneth, #virtual-currency, #witherspoon-reese

Crashing Crypto: Is This Time Different?

Celebrity endorsements may signal the end of an era.

#adams-eric-l, #banking-and-financial-institutions, #bitcoin-currency, #economics-theory-and-philosophy, #el-salvador, #internal-sub-only-nl, #international-trade-and-world-market, #virtual-currency

Sam Bankman-Fried, Crypto Billionaire, Wants Washington to Follow His Lead

Sam Bankman-Fried is a studiously disheveled billionaire who made a fortune overseeing trades that are too risky for the U.S. market. Now he wants Washington to follow his lead.

#baha-mar-nassau-bahamas-hotel, #bankman-fried-sam, #bitcoin-currency, #campaign-finance, #computers-and-the-internet, #content-type-personal-profile, #flynn-carrick, #hk-ftx-trading-ltd-futures-exchange, #philanthropy, #regulation-and-deregulation-of-industry, #singer-peter-1946, #virtual-currency

Will Crypto Play a Role in Funding Abortion Access?

Activists and nonprofits are considering digital currencies as a way to raise funds. But can they really do anything other payment methods can’t?

#abortion, #girls-who-code, #planned-parenthood-federation-of-america, #virtual-currency

Cryptocurrencies Melt Down in a ‘Perfect Storm’ of Fear and Panic

A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.

#armstrong-brian-1983, #banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #united-states-economy, #virtual-currency

Bitcoin Is Increasingly Acting Like Just Another Tech Stock

The cryptocurrency’s plunging value has mirrored losses in the Nasdaq, a benchmark that’s weighted toward tech stocks.

#bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #gold, #inflation-economics, #russian-invasion-of-ukraine-2022, #stocks-and-bonds, #virtual-currency

Crypto’s Promises Keep Crashing

Web3, billed as the future of the internet, might create more problems than it solves.

#computers-and-the-internet, #cyberattacks-and-hackers, #e-commerce, #nonfungible-tokens-nfts, #venture-capital, #virtual-currency

The Tale of ZenLedger’s Dan Hannum, Who Wasn’t Who He Said He Was

The chief operating officer of ZenLedger, a software company, boasted of work for Goldman Sachs and Larry King. Did anyone check to see if it was true?

#appointments-and-executive-changes, #computers-and-the-internet, #content-type-personal-profile, #frauds-and-swindling, #hannum-dan, #virtual-currency, #zenledger

How the Treasury Department Is Cracking Down on Russian Sanction Evasion

New sanctions target a Russian bank and cryptocurrency mining company.

#banking-and-financial-institutions, #embargoes-and-sanctions, #russian-invasion-of-ukraine-2022, #swiftsociety-for-worldwide-interbank-financial-telecommunication, #treasury-department, #virtual-currency

Bitcoin Mining Is a Tax on Our Electrical Grid

The willpower to reduce Bitcoin’s carbon footprint is muted amid wild cryptocurrency speculation.

#bitcoin-currency, #computers-and-the-internet, #dorsey-jack, #global-warming, #internal-sub-only-nl, #ripple-labs-inc, #virtual-currency

Crypto Industry Helps Write, and Pass, Its Own Agenda in State Capitols

In the absence of federal regulations, crypto lobbyists and executives are going state by state to get favorable rules enacted. Many lawmakers have been willing partners.

#bitcoin-currency, #computers-and-the-internet, #florida, #illinois, #law-and-legislation, #lobbying-and-lobbyists, #politics-and-government, #regulation-and-deregulation-of-industry, #state-legislatures, #states-us, #virtual-currency, #wyoming

Does the End of Cash Mean the End of Privacy?

A new bill in Congress says anonymity can be preserved.

#internal-sub-only-nl, #lynch-stephen-f-1955, #privacy, #treasury-department, #virtual-currency

Ex-Party Producer Charged in $2.7 Million Bitcoin-Laundering Scheme

Thomas Spieker’s clients included dark-web drug dealers and a cellphone-hacking identity thief, prosecutors said.

#bitcoin-currency, #black-markets, #bragg-alvin, #cyberattacks-and-hackers, #manhattan-nyc, #money-laundering, #spieker-thomas, #virtual-currency

Everyone Has Crypto FOMO, but Does It Belong in Your Portfolio?

A growing array of investment options make it easier to put digital tokens alongside traditional investments. Here’s what to know.

#betterment-llc, #bitcoin-currency, #coinbase-inc, #content-type-service, #fidelity-investments, #gemini-trust-co-llc, #personal-finances, #retirement, #virtual-currency

Bitcoin Miners Want to Recast Themselves as Eco-Friendly

Facing intense criticism, the crypto mining industry is trying to change the view that its energy-guzzling computers are harmful to the climate.

#alternative-and-renewable-energy, #argo-blockchain, #bitcoin-currency, #coal, #computers-and-the-internet, #environment, #hydroelectric-power, #musk-elon, #peter-wall, #solar-energy, #texas, #virtual-currency, #wind-power

Ukrainian Minister Has Turned Digital Tools Into Modern Weapons of War

Mykhailo Fedorov, Ukraine’s youngest minister, has turned technology, cryptocurrency and social media into modern weapons of war.

#apple-inc, #cancel-culture, #computers-and-the-internet, #cyberattacks-and-hackers, #defense-and-military-forces, #enterprise-computing, #facebook-inc, #google-inc, #kyiv-ukraine, #meta-platforms-inc, #mykhailo-fedorov, #politics-and-government, #russian-invasion-of-ukraine-2022, #social-media, #software, #ukraine, #virtual-currency, #war-and-armed-conflicts, #zelensky-volodymyr

Bitcoin’s Value Drops Amid Russia-Ukraine War and Inflation

Long hailed by its advocates as a safe hedge during uncertain times, Bitcoin’s value has fallen steadily in recent weeks.

#bitcoin-currency, #embargoes-and-sanctions, #russia, #russian-invasion-of-ukraine-2022, #ukraine, #united-states-economy, #virtual-currency, #war-and-armed-conflicts

Biden to Take Step Toward Regulating Cryptocurrencies

The president is set to sign an executive order that would coordinate efforts among financial regulators to better understand the risks and opportunities presented by digital assets.

#biden-joseph-r-jr, #consumer-protection, #regulation-and-deregulation-of-industry, #united-states-economy, #united-states-politics-and-government, #virtual-currency

Reality Intrudes on a Utopian Crypto Vision

The cryptocurrency boom has spawned enterprises democratically governed by a community of users. Or that’s the theory. Making it work has been much messier.

#andreessen-horowitz, #peirce-hester, #securities-and-commodities-violations, #securities-and-exchange-commission, #virtual-currency

Friends With Benefits: The Social Club That Runs On Crypto and Vibes

Friends With Benefits is a V.I.P. lounge for crypto’s creative class. Is it empty hype or the future of friendship?

#andreessen-horowitz, #computers-and-the-internet, #entrepreneurship, #friends-with-benefits-social-club, #organizations-societies-and-clubs, #social-media, #venture-capital, #virtual-currency

Anonymity in Crypto Raises Alarm

Investors give money to pseudonymous developers. Venture capitalists back founders without learning their real names. What happens when they need to know?

#blockchain-technology, #computers-and-the-internet, #engineering-and-engineers, #entrepreneurship, #names-personal, #nonfungible-tokens-nfts, #start-ups, #venture-capital, #virtual-currency

After Chinese Ban, Cryptocurrency Mining Got Worse for Climate

New research shows that China’s Bitcoin ban has sent the process of creating new coins, known as mining, to countries where it uses far less renewable energy.

#alternative-and-renewable-energy, #bitcoin-currency, #china, #global-warming, #greenhouse-gas-emissions, #joule-journal, #virtual-currency

Russia Could Use Cryptocurrency to Mitigate U.S. Sanctions

Russian companies have many cryptocurrency tools at their disposal to evade sanctions, including a so-called digital ruble and ransomware.

#banking-and-financial-institutions, #bitcoin-currency, #blockchain-technology, #cyberattacks-and-hackers, #cyberwarfare-and-defense, #embargoes-and-sanctions, #international-trade-and-world-market, #moscow-russia, #russia, #treasury-department, #ukraine, #united-states, #united-states-international-relations, #virtual-currency

Crypto Scammers Target Dating Apps

“Everything was a lie,” said one woman lured into a recent scam.

#bitcoin-currency, #computers-and-the-internet, #dating-and-relationships, #frauds-and-swindling, #mobile-commerce-and-payments, #online-dating, #quarantine-life-and-culture, #virtual-currency

Ilya Lichtenstein Held in Bitcoin Case While Heather Morgan Is Given Bail

A judge appeared more concerned by the flight risk posed by Ilya Lichtenstein than by his wife, Heather Morgan, in a case accusing them of a sweeping scheme to launder stolen cryptocurrency.

#bail, #bitcoin-currency, #decisions-and-verdicts, #lichtenstein-ilya, #money-laundering, #morgan-heather-1990, #virtual-currency

Larry David Doesn’t Get Crypto. That’s Why FTX Hired Him.

How a young virtual currency exchange got Hollywood’s resident skeptic to film his first Super Bowl commercial.

#advertising-and-marketing, #bankman-fried-sam, #crypto-com-foris-dax-inc, #david-larry, #dentsu, #hk-ftx-trading-ltd-futures-exchange, #hunter-andrew, #los-angeles-calif, #santa-clarita-calif, #schaffer-jeff-1970, #super-bowl, #television, #virtual-currency, #whittemore-nathaniel

Divorcing Couples Fight Over the Kids, the House and Now the Crypto

Dividing the family’s Bitcoin stash has become a major source of contention in divorce cases.

#bitcoin-currency, #computers-and-the-internet, #divorce-separations-and-annulments, #forensic-science, #francis-desouza, #suits-and-litigation-civil, #virtual-currency

Prepare Yourself for This Weekend’s ‘Crypto Bowl’

The Super Bowl will feature commercial breaks that embrace the usual jokes and celebrities plus a whole lot of blockchain.

#advertising-and-marketing, #celebrities, #coronavirus-2019-ncov, #crypto-com-foris-dax-inc, #elba-idris, #football, #los-angeles-calif, #media, #nbcuniversal, #super-bowl, #television, #virtual-currency

Justice Dept. Seizes $3.6 Billion in Bitcoin and Arrests Married Couple

The couple were accused of conspiring to launder Bitcoin that had been stolen in 2016 from Hong Kong-based Bitfinex, one of the world’s largest virtual currency exchanges.

#bitcoin-currency, #bitfinex, #currency, #cyberattacks-and-hackers, #hong-kong, #justice-department, #monaco-lisa-o, #money-laundering, #robberies-and-thefts, #virtual-currency

Crypto and the Power of Folk Economics

When we think we understand something, we don’t see a reason to regulate it.

#banking-and-financial-institutions, #blockchain-technology, #internal-sub-only-nl, #nonfungible-tokens-nfts, #virtual-currency