Cryptocurrency - Page 7

The cryptocurrency market saw $130 billion of its value wiped out in just 24 hours as leading cryptocurrencies continue a major sell-off.

A class action lawsuit is accusing Kim Kardashian and Floyd Mayweather of artificially inflating the price of the cryptocurrency “EthereumMax” and making “false or misleading statements” about the token. The cryptocurrency has crashed 97 percent since June, leading investors to accuse the team behind the token and their celebrity partners of engaging in a “pump and dump” operation.

Norton 360, one of the most popular security suites on the market, has reportedly begun installing a cryptocurrency mining program on its customers’ computers. Although the cryptominer is opt-in, the company is facing considerable backlash from customers who expect features like antivirus, not a tool to use their hardware (and electricity) in the hopes of generating digital currency.

Theft of NFTs (Non-Fungible Tokens) appears to be on the rise, with many collectors losing millions of dollars as a result. In one recent example that led to widespread mockery, an NFT investor complained “all my apes are gone,” referring to the popular “Bored Apes” and “Mutant Apes” NFTs they had invested in.

Electronics giant Samsung plans to introduce extensive support for Non-Fungible Tokens (NFTs) starting with its 2022 lineup of TVs. The company claims that consumers will use their TVs to “browse, purchase, and display your favorite art.”

Cryptocurrency and blockchain technology reached even greater heights of popularity in 2021, but it was also the year that hackers began to take full advantage of digital cryptocurrency exchanges stealing hundreds of millions of dollars throughout the year, including a single heist that totaled an amazing $600 million in stolen crypto.

Brandon Brown, the NASCAR driver whose win at Talladega, became forever associated with the “Let’s Go, Brandon” chant, announced LGBcoin will sponsor his team.

Iran has banned the often energy-intensive process of cryptocurrency mining to reduce strain on its national power grid during the winter months, according to reports.

An NFT drop celebrating infosec pioneers has caused anger in the crypto space due to using unauthorized portraits of the infosec experts it aimed to celebrate.

Legendary musician Brian Eno, known for his contributions to electronic music and collaborations with David Bowie, recently discussed the concept of Non Fungible Tokens (NFTs), expressing his skepticism over them and cryptocurrency in general. Speaking to an interviewer, Eno said: “People I like and trust are convinced they’re the best thing since sliced bread, so I wish I could have a more positive view, but right now, I mainly see hustlers looking for suckers.”

During an interview that aired Monday on Fox Business Network’s “Mornings with Maria,” former President Donald Trump issued a warning about the rise in cryptocurrency.

Hackers enjoyed incredible windfalls by hacking cryptocurrency exchanges in 2021. Six of these cyberattacks netted crooks more than $100 million in each theft.  The largest cyberattack on a crypto platform occurred in December when hackers stole at least $200 million from Bitsmart.

Shares of TeraWulf, a cryptocurrency miner backed by actress Gwyneth Paltrow — who sells candles that she says smell like her genitalia — fell sharply during the company’s public trading debut on the Nasdaq stock market.

One crypto investor made the mistake of a lifetime this week when he sold a “Bored Ape” NFT for $3,000 instead of the planned $300,000. The 99 percent discount on his sale was due to a misplaced decimal point.

Florida Gov. Ron DeSantis (R) on Thursday unveiled a proposal that would allow businesses the option to pay state fees with cryptocurrencies as part of the state’s budget for next year. 

Italian police have claimed that the number of fake coronavirus vaccine passports being sold online has surged and that some doctors may even be involved in the sale of fake certifications.

According to a recent report, the cryptocurrency group that recently failed to purchase a rare copy of the U.S. constitution is in disarray as organizers attempt to refund donors. The high cost of ethereum transactions, known as “gas fees,” will lead to many donors losing their entire investment in the project.

Kazakhstan’s government has blamed the country’s booming crypto mining industry on nationwide energy shortages and recently threatened to crack down on the practice with new regulations and higher taxes.

El Salvador’s government plans to build a “Bitcoin City” at the base of Conchagua Volcano in the country’s southeast in 2022, El Salvador’s La Prensa Gráfica newspaper reported Saturday, noting the city will be designed to harness the volcano’s geothermal energy to mine cryptocurrency.

Sen. Rand Paul (R-KY) told Breitbart News in a statement Monday that Jerome Powell’s renomination to serve a second term as the Federal Reserve chairman will do nothing to curb “America’s inflationary spiral.”

A rare first-edition copy of the U.S. Constitution has sold for $43.2 million at Sotheby’s this week. The sale was made to a private collector that outbid an online cryptocurrency collective that aimed to purchase the copy.

Former secretary of state and failed 2016 Democratic presidential candidate Hillary Clinton said Thursday during a panel at the Bloomberg New Economy Forum in Singapore that cryptocurrencies could “destabilize” nations.

In recent months, many celebrities have attempted to cash in on the recent NFT craze, but for some, it has turned out to be less than profitable. Pro-China actor and wrestler John Cena described an NFT project he was involved in as a “catastrophic failure.”

Los Angeles’ Staples Center, home of the Lakers, Clippers, and Kings, will be renamed Crypto.com Arena on Christmas Day.

Miramax filed a lawsuit Tuesday against director Quentin Tarantino over the director’s plans to create and auction off a series of NFTs based on his work on Pulp Fiction.

In a recent article, Wired outlines how individual cryptocurrency traders across Twitter are becoming detectives to track down scammers and thieves who are stealing cryptocurrency from unsuspecting investors.

Universal Music Group NV, the world’s largest music company, is reportedly creating a band out of four digital NFT apes. One executive explained: “You can call it an NFT band, or think of them as characters. The characters will come to life. The apes will come to life.”

Saule Omarova, the Cornell law professor that President Joe Biden nominated to be the Comptroller of Currency, declared war on fossil fuels.

Saule Omarova, President Joe Biden’s nominee for Comptroller of the Currency, if confirmed, would have the “most powerful, least accountable” position over cryptocurrencies and the banking industry.

El Salvador’s government will use surplus profits earned from cryptocurrency investments to build 20 new schools across the Central American country, El Salvador’s Diaro La Huella newspaper reported Monday. “I want to announce that with a few million that we

Sen. Ted Cruz (R-TX) proposed legislation Monday that would position Congress to lead on issues facing cryptocurrency by having Capitol Hill merchants accept digital currencies, Breitbart News has learned exclusively.

Following a 10-month investigation into the dark web’s largest illegal marketplace named “Dark HunTor,” 150 suspected drug vendors and buyers have been arrested.

A recent report claims that hackers abused Apple’s developer program in order to operate a dating app scam that resulted in the theft of more than a million dollars from victims.

Playboy playmate Jessica Vaugn credited coronavirus lockdowns as driving her “red-pilling” and political awakening from a “mainstream slumber.”

Thousands of people opposed to the populist government of El Salvador President Nayib Bukele staged demonstrations in the country’s capital city, San Salvador, on Sunday in which they denounced his recent legalization of Bitcoin as a national currency, the Associated Press (AP) reported Monday.