Winklevoss twins claim cryptocurrency guru stole 5,000 bitcoins

The Winkevoss twins are back in the news for their involvement in the cryptocurrency world, but this time they likely wouldn’t want to celebrate. The New York Times has learned that the two sued crypto investor and ex-convict Charlie Shrem for allegedly stealing 5,000 bitcoins in 2012 — no small amount when they’d be worth […]

Winklevoss twins claim famed crypto evangelist stole 5,000 bitcoins from them

Enlarge / (L-R) Nathaniel Popper and Charlie Shrem attend Tribeca Talks: After The Movie: The Rise and Rise of Bitcoin during the 2014 Tribeca Film Festival at the SVA Theater on April 23, 2014, in New York City. (credit: Astrid Stawiarz/Getty Images for the 2014 Tribeca Film Festival) Two of the world’s most famous bitcoin […]

Woman who once bought bitcoins for $300,000 cash in paper bags sent to prison

Enlarge (credit: S3studio/Getty Images) A woman who for years went by the name “Bitcoin Maven” on localbitcoins.com—a peer-to-peer website for buying and selling anonymous bitcoins in-person—was sentenced Monday to 366 days in federal prison, three years of supervised release, and a $ 20,000 fine. While selling bitcoins is not inherently illegal, doing so in such […]

Child abuse imagery ‘found within Bitcoin’s blockchain’

Child abuse imagery has been detected in Bitcoin’s blockchain, according to a new study. The discovery potentially puts cryptocurrency users at risk, as anyone who downloads a blockchain could be held liable for illegal content. Researchers from RWTH Aachen University in Germany and the Data Protection Research Institute at Goethe University in Frankfurt found 1600 […]

Effortless French: Mt. Gox and Bitcoin’s roller coaster ride

Enlarge (credit: Effortless French / Canal+) After watching the riveting and entertaining nearly two-hour film documentary Effortless French, about the rise and fall of Mt. Gox, the infamous bitcoin exchange, there are two questions (one big, one small) that are never fully answered. (Full disclosure: I was interviewed for this film and appear in multiple scenes, […]

Iceland may use more electricity to mine bitcoins than it does to power all of its houses this year

Iceland will likely use more electricity in the next year to mine bitcoin than it uses to power every single home in the country.  Bitcoin mining is booming in Iceland, and energy providers are worried they won’t be able to power new mining companies. Iceland’s cool weather, cheap energy and super-fast networks have made the country […]

With Google, Bitcoins, and USPS, Feds realize it’s stupid easy to buy fentanyl

Enlarge (credit: Getty | Drew Angerer) A congressional report released Wednesday lays out just how easy it is for Americans to buy the deadly opioid fentanyl from Chinese suppliers online and have it shipped to them via the government’s own postal service. The report also lays out just how difficult the practice will be to […]

Credit Suisse says bitcoin’s fair value is almost half its current price

Scott Olson/Getty Images Credit Suisse analyst Damien Boey has developed a valuation method for Bitcoin combining two seemingly unique factors. Those factors are: the size of the bitcoin network, and the yield spread on BBB rated bonds. The Credit Suisse model settles on a fair value that is “almost half” its current price — around $ […]

Billions worth Mt. Gox bitcoins 'not lost': someone doesn't want them found – RT source

The hundreds of thousands of bitcoins stolen from the Mt. Gox exchange four years ago could be recovered, but there are powerful forces against it, according to bitcoin entrepreneur William Mook. Read more The Tokyo-based virtual currency exchange handled around 80 percent of global bitcoin trades. Mt. Gox shut down and went bankrupt in February […]