Funds

Silk Road Hacker Sentenced to a Year in Prison for Wire Fraud

April 16, 2023 Bitcoin.com

50000 Bitcoin

On April 14, 2023, the Department of Justice (DOJ) for the Southern District of New York revealed that the hacker responsible for the Silk Road marketplace breach had been sentenced to a year in prison for wire fraud charges. James Zhong stole more than 50,000 bitcoin from the darknet marketplace (DNM) in September 2012. DOJ […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

Ethereum’s Shapella Upgrade to Enable Staking Withdrawals Set to Go Live on April 12

April 12, 2023 Bitcoin.com

32 ETH

The Ethereum blockchain is set to undergo its next major update since the network switched from proof-of-work to proof-of-stake through The Merge. The upcoming upgrade, dubbed “Shapella,” which combines the Shanghai and Capella validator changes, is expected to take place on April 12, 2023. While most users will not be affected by the change, the […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

Sushiswap Smart Contract Bug Results in Over $3M in Losses; Head Chef Says Hundreds of ETH Recovered

April 10, 2023 Bitcoin.com

2023 defi hack

According to several reports, a bug introduced to the decentralized exchange (dex) protocol Sushiswap’s smart contract has resulted in more than $3 million in losses. The blockchain and smart contract security firm Peckshield explained the exploited contract was “deployed in multiple blockchains.” Dex Platform Sushiswap Suffers From Smart Contract Exploit Over the weekend, the dex […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

Reports Claim Chivo Bitcoin Wallet Is Flagging Wasabi Transactions in El Salvador

April 7, 2023 Bitcoin.com

ATM

According to several reports, the Salvadoran government-issued bitcoin wallet, Chivo, has been freezing wallets and requesting that owners verify the source of funds. The founder of El Zonte’s Bitcoin Beach stated that the government’s bitcoin wallet software is flagging and freezing wallets that receive transactions from Wasabi, a non-custodial bitcoin wallet that utilizes Coinjoin technology […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

Pheu Thai Candidate Promises Digital Currency Airdrop of $300 to Every Citizen in Thailand if Elected

April 7, 2023 Bitcoin.com

Airdrop

A Pheu Thai candidate running for prime minister of Thailand position, Srettha Thavisin, has promised that every citizen in the country will receive 10,000 Thai baht ($300) in digital currency if he wins the general election in May. However, a minister within the prime minister’s office in Thailand is concerned and has explained that the […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong

April 6, 2023 Bitcoin.com

bitcoin.com

One of China’s leading insurers has backed the establishment of two crypto investment funds in Hong Kong. The business move comes against the backdrop of the region’s ambitions to become a hub for digital assets, and despite the negative regulatory attitude towards the market in the mainland. Chinese Insurance Giant Enters Crypto Space Through Hong […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

April 4, 2023 Bitcoin.com

Africa

According to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time. […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows

March 30, 2023 Bitcoin.com

Binance

Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto trading platforms in order to be laundered. Over 90% of Pro-Russian Crypto […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense

March 29, 2023 Bitcoin.com

Alameda

According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least $10 million” from the now-defunct quantitative trading firm Alameda Research to his […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice

Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen

March 19, 2023 Bitcoin.com

2FA

General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut down. The hacker was able […]

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The Next Big Leap for Bitcoin Miners: What it Takes to Reach $100 Hashprice