Bitcoin (BTC)

The person who stole unreleased songs by Ed Sheeran and other musicians has been sent to prison for a year and a half. He sold at least two of Sheeran’s songs on the dark web in exchange for bitcoin. Jailed After Selling Unreleased Songs The investigation began in 2019 when several musical agents complained to the New York District Attorney that someone had exploited the online accounts of some of their clients. The unknown hacker, called Spirdark, began stealing unreleased...

The United States Department of Justice (DOJ) has sued Larry Dean Harmon, the founder of defunct cryptocurrency mixer Helix, for failing to pay a civil penalty of $60 million since his indictment in 2020.  The lawsuit was filed in the U.S. District Court for the District of Columbia on Wednesday. According to the filing, the $60 million fine was imposed on Harmon after he pled guilty to charges against him in 2020. Helix Laundered Over $300M In December 2019, the Financial...

Scams, scams, and more scams. It appears that’s all the digital currency space is associated with as of late… That and falling prices. The idea of scams lessening anytime soon isn’t taking hold, especially now that police in the town of Edmonton say they’re looking to assist victims of a crypto fraud case that ultimately saw nearly $6 million in digital funds being wiped from their portfolios. Scams in the Crypto Space Are Still Too Prominent The scam in question has...

Following news that both BlackRock and Fidelity have entered the digital currency market, many institutional analysts have predicted that within the next six months, bitcoin will reach a price of about $35,000 per unit, while Ethereum will jump into the $2,000 range. How Much Has Bitcoin Lost? On paper, this doesn’t look all that spectacular. After all, bitcoin – just 11 months ago – was trading at a new all-time high of approximately $68,000 per unit, so $35,000 would...

A crypto trader was taken by surprise after hackers reportedly siphoned more than a million dollars worth of digital assets from his FTX account by exploiting an API connected to the trading account.  According to reports, the FTX user discovered that his account using the 3Commas API, has traded the DMM: Governance (DMG) token more than 5,000 times, leading to the loss of about $1.6 million worth of assets, including Bitcoin, Ether, and FTX tokens. FTX and 3Commas Deny...

A new report suggests that bitcoin is bad: very bad. It’s so bad for the environment, it’s on par with hardcore beef production, and it’s far worse than gold mining. Bitcoin and Beef… The Former’s Worse? The paper is co-authored by Benjamin A. Jones, an associate professor of economics at the University of New Mexico. In a recent interview, he commented: [This energy use] is because of the proof of work production process that [bitcoin] uses. Miners all over the world...

A recent survey conducted by the University of Central America (UCA) estimated that 77% of the polled Salvadorans think adopting bitcoin as a legal tender 13 months ago was a mistake. However, nearly 76% of the locals remain supportive of their BTC-loving President Nayib Bukele, who has initiated numerous reforms and waged war on domestic drug cartels. Salvadorans not Withdrawing Their Support The small Latin American nation – El Salvador – made the headlines last year by...

Réponse de Faune Radio à l’article « La consommation énergétique annuelle du Bitcoin, équivalente à celle de la Suisse, pourrait être divisée par mille«  de Jean-Paul Delahaye publiée dans Le Monde le 24 septembre 2022. Source : https://www.youtube.com/c/FauneRadio

In what appears to be a stark role reversal, Bitcoin is now becoming less volatile money than Britain’s national currency.   According to data provided by Bloomberg, the 30-day volatility of the British pound against the U.S. dollar has soared over the past month.  Meanwhile, Bitcoin’s volatility has declined substantially since June, and again since the start of October. This has brought each currency’s volatility to a roughly equal point. BTC Volatility vs. GBP Volatility....

Bitcoin’s fight to remain above $19,000 didn’t go all that well yesterday, as the asset fell to a 9-day low of $18,600 before bouncing off. The altcoins also went through similar price movements, but most are slightly in the green on a daily scale, including APE’s notable surge. Bitcoin’s New Local Low Ever since the end of the previous working week, bitcoin had calmed after the storm and stood at around $19,000. It spent most of the weekend there, and Monday was no...