Ethereum

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Economist Who Hates Crypto Recasts a 'Moon' Prediction

With market in free fall, Peter Schiff suggests a crash landing is coming

(Newser) - The stock market f ell into a bear market on Monday, but as badly as stocks are getting hammered, the cryptocurrency sector is getting hammered even harder. The fallout continued Tuesday, as Coinbase—the largest cryptocurrency exchange in the US—announced it was cutting 18% of its workforce, reports the...

FBI Points Finger at Well-Known Group for Huge Crypto Heist

N. Korea's Lazarus, tied to 2014 Sony Pictures breach, is believed to be behind theft

(Newser) - Update: It's a hack the BBC calls "likely one of the biggest ever to hit the crypto world," and US officials say it looks Lazarus was behind it. That's the hacker group thought to be controlled by North Korea's main intelligence agency and believed to...

'Justice Served' in Crypto Expert's North Korea Case

Virgil Griffith gets 5 years behind bars after presenting at crypto conference in Pyongyang

(Newser) - Update: It's more than five years behind bars for Virgil Griffith, the hacker accused of helping North Korea evade US sanctions with his cryptocurrency tips. NBC News reports the 39-year-old received a 63-month prison sentence on Tuesday after pleading guilty last year to conspiracy; he admitted to presenting at...

A Crypto Giant Worries About Its 'Dystopian Potential'
He May Be a
Financial Titan
Like No Other
longform
Mar 19, 2022 10:00 AM CDT

He May Be a Financial Titan Like No Other

Cryptocurrency giant Vitalik Buterin, who eschews power and riches, is profiled in 'Time'

(Newser) - Bitcoin is the king of cryptocurrency, and its founder is thought to be a mysterious figure who goes by the name of Satoshi Nakamoto . Ether is the second-biggest cryptocurrency, but less mystery surrounds its founder: Meet 28-year-old Vitalik Buterin, subject of a lengthy, fascinating interview and profile at Time . He...

Melania Trump's Hat 'Collateral Damage' of Crypto Crash

Former first lady didn't scoop up as many tokens as hoped in auction of hat worn to greet Macron

(Newser) - The crisp white Herve Pierre hat that Melania Trump wore to greet French President Emmanuel Macron and his wife at the White House in April 2018 went up on the auction block this month—along with a watercolor and NFT showing her wearing it—in the hopes that the entire...

NFT Sale Goes Awry: 'Just Like That, $250K Was Gone'

'Fat-finger' error led seller of Bored Ape item to mistakenly dump it for $3K

(Newser) - The Verge blames it on a misplaced decimal point. CNBC similarly lays the blame on a "fat-finger" error. However the asking price for a recently sold NFT came to be, it wasn't the seller's intention, and now he's out hundreds of thousands of dollars because of...

Bitcoin Plunges After China Announces Crackdown

Beijing bans financial services from taking part in cryptocurrency transactions

(Newser) - A bad month for cryptocurrency investors got worse this week following a big move from China. Regulators in Beijing banned financial services companies Tuesday from taking part in cryptocurrency transactions or providing crypto services to clients, the BBC reports. "Prices of cryptocurrency have skyrocketed and plummeted recently, and speculative...

Bitcoin Price Tumbles as S. Korea Discusses Ban

Other digital currencies also dropped

(Newser) - Prices of bitcoin and other digital currencies skidded Tuesday after South Korea's top financial policymaker said a crackdown on trading of cryptocurrencies was still possible, the AP reports. Finance Minister Kim Dong-yeon said in an interview with local radio station TBS that banning trading in digital currencies was "...

Cops: At Gunpoint, Man Forced to Give Cryptocurrency Info

Authorities say $1.8M in cryptocurrency was then stolen

(Newser) - With the value of cryptocurrencies soaring, authorities warn that people could be ripped off by sophisticated hackers—or by crooks using more old-fashioned methods. New Jersey authorities say Louis Meza, a 35-year-old cryptocurrency investor, lured a friend into a minivan, where a gunman demanded his keys, his phone, and the...

Look Out Bitcoin, Here Comes Ethereum

New virtual currency is creating a buzz

(Newser) - Bitcoin hasn't quite soared the way many had hoped it would. Perhaps Ethereum will. The virtual currency has gained interest from IBM, JPMorgan Chase, and Microsoft "as a sort of Bitcoin 2.0," reports the New York Times . Created around 2014 by a 21-year-old college dropout, Russian-Canadian...

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