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The Latest Breaking News from Cryptocurrency

Crypto miners ‘stole B500,000 a month worth of electricity’

SAMUT PRAKAN: Authorities have seized cryptocurrency mining hardware worth more than 5 million baht from two houses in Samut Prakan where electricity theft exceeded 500,000 baht a month.

Bangkok Post

Bitcoin Thief Who Stole Nearly $5 Million And Was Photographed In Cash-Filled Bathtub Gets 4 Years In Prison

On Thursday, Gary Harmon, a resident of Ohio, was sentenced to a four-year prison term after he pled guilty in January to stealing mo

Zenger

Montenegro court releases crypto entrepreneur Do Kwon on bail

A court in Montenegro agreed on Friday to release Do Kwon, a cryptocurrency entrepreneur charged in the U.S. with a multibillion-dollar fraud, on bail of 400,000 euros ($440,320), pending a trial on local charges.

Reuters

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Scots dad's warning after losing £100,000 of life savings to cryptocurrency scam

Mick, who owns the Coffee Lodge in Hermitage of Braid, shared his story with customers after realising he had been conned.

Daily Record

Bitcoin – Stuck In Neutral

Bitcoin is a highly controversial asset. Supporters believe cryptocurrency will replace fiat currencies as Bitcoin and the many other cryptos values reflect buying and selling interest without government intervention. Opponents say cryptos allow many nefarious market participants to operate. Speculators have flocked to cryptocurrency markets because of the extreme volatility…

Barchart

This artist just made a memecoin that skyrocketed to a $77 million market cap. He mostly used GPT-4

The artist still owns a little more than 10% of the tokens.

Fortune

Former Coinbase employee who tried to flee the U.S. sentenced to two years in prison for his role in the first cryptocurrency insider trading case

The former employee, Ishan Wahi, tried to leave the U.S. for India after Coinbase asked him for a meeting.

Fortune

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3 Blockchain Stocks to Keep off Your Radar Amid Crypto Turmoil

The prospects of blockchain companies are closely related to the cryptocurrency market. Given the high risk and uncertainty surrounding the crypto space, it could be wise to avoid fundamentally weak blockchain stocks Block (SQ), Riot Platforms (RIOT), and HIVE Blockchain (HIVE). Read more….

StockNews.com

FTX founder Sam Bankman-Fried seeks dismissal of all but three charges in crypto collapse indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

The Independent UK

How to trade cryptocurrency

If you want to trade cryptocurrency, all you need is a connection to the internet, a computer or smartphone and a sum of money to invest that you’re very comfortable losing. Here’s more on trading cryptocurrency.

Evening Standard

FTX founder Sam Bankman-Fried seeks dismissal of indictment

FTX founder Sam Bankman-Fried is seeking a dismissal of criminal charges against him, saying prosecutors have improperly turned civil and regulatory issues into federal crimes

The Independent UK

U.S. Bitcoin Mining Consumed 50 Billion kWh of Energy in 2022

The White House's recently-published DAME tax proposal report brings to light estimates showing that national Bitcoin mining consumed more power than all of the United State's computers combined.

Tom’s Hardware

So, you're telling me that US crypto mining used more power last year than ALL THE COMPUTERS?!

The upper limit could actually put it on par with the energy consumed by all the lighting in the United States. Eep.

PC Gamer

Biden proposes heavy tax on cryptocurrency miners for 'the harms they impose on society'

Better late than never?

PC Gamer

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Barchart

Crypto’s Rebirth Has Question Marks

Cryptocurrencies have experienced an impressive rebound in 2023. This has also led to a rebound in crypto mining stocks. But will this rally continue?

TechRadar

ChatGPT could be worse than cryptocurrency when it comes to scams

Alarm is growing over the rise in ChatGPT scams, with Meta warning it could be worse than what we saw with cryptocurrency.

Bangkok Post

Survey upbeat on crypto acceptance

The demographic changes taking place in several countries are expected to drive greater adoption of cryptocurrency and blockchain technology, mainly among the millennial and Gen Z populations, according to a new study.

Roll Call

House GOP tries panel collaboration on crypto; Democrats leery - Roll Call

House Agriculture and Financial Services Republicans are collaborating in an effort to agree on a legislative framework for cryptocurrencies.

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Fortune

Bitcoin posts fourth straight month of gains for first time since 2021

Some point to Bitcoin’s rebound as a sign that its price could soon skyrocket.

Kiplinger

Invest in Bitcoin? I’m a Bitcoin Loser and I Won’t Be Going Near It Again

A Kiplinger staffer describes his experience with Bitcoin and why he won't be investing in the cryptocurrency again.

ABC News

Man accused of dealing cannabis for cryptocurrency on the dark web granted bail

Police allege the 55-year-old, who was arrested on the Mid North Coast yesterday, used the proceeds to buy property.

TechRadar

AT&T accounts are being hacked to steal cryptocurrency

Attackers are resetting crypto account passwords using AT&T emails, and getting away with major loot.

The Guardian - US

Bitcoin is terrible for the environment – can it ever go green?

Cryptocurrency mining uses huge amounts of energy, but activists are urging for a change in its code to reduce its environmental impact

Bangkok Post

Zipmex seeks to discuss fines with SEC

Zipmex, the embattled cryptocurrency exchange, has arranged to discuss fines of nearly 11 million baht imposed on the company and its chief executive by the Securities and Exchange Commission (SEC), saying talks with potential new investors are ongoing.

Fortune

Chamath Palihapitiya: 'Crypto is dead in America' thanks to regulators

“The United States authorities have firmly pointed their guns at crypto,” the investor said in a podcast episode released Saturday.

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