MicroStrategy Buys $175M More in Bitcoin, Upping BTC Holdings to $425M

news The Takeaway Bitmain is planning to deploy 200,000 units of its own mining equipment in China to take advantage of cheap hydroelectric power this summer. The equipment is conservatively estimated to cost $80 million, but it may be more profitable right now for Bitmain to mine crypto itself than try to sell all this…

news Cryptocurrency exchange Coinbase has revealed that it has been targeted by, and foiled, “a sophisticated, highly targeted, thought out attack” aimed to access its systems and presumably to make of with some of the billions of dollars’-worth of cryptocurrency it holds. In an Aug. 8 blog post that sets out in technical detail how…

The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and all stablecoin issuers be regulated depository institutions.The crypto industry needs the…

MediaMarkt, Europe’s largest electronics retailer, has reportedly been hit by a Hive ransomware attack with demands to pay $50 million in bitcoin.Following the attack on Sunday, the attackers were initially demanding a ransom payment of $240 million, Bleeping Computer reported Monday.The attack by the Hive ransomware group encrypted MediaMarkt’s servers, causing the retailer to shut…

Feb 10, 2020 at 09:00 UTCThe Australian government recently unveiled plans to ramp up innovation through blockchain technology with an updated national roadmap, released Feb. 7.The Ministry for Industry, Science, Energy and Resources has formulated a new national strategy aimed to capture the potential value generated via business-related blockchain activity, with a particular focus on…

Dec 9, 2020 at 9:56 p.m. UTCUpdated Dec 9, 2020 at 9:57 p.m. UTCMan Gets 6 Years for $25M Diamond and Crypto Ponzi SchemeA South Florida federal district judge sentenced a Washington, D.C., man to six years in federal prison for operating a $25 million diamond investment scheme that included a crypto component. He must…

U.S. Sen. Sherrod Brown (D-Ohio), whose chairmanship of the Senate Banking Committee gives him power over crypto’s congressional destiny, issued a call to arms to regulators on Thursday, demanding that they use whatever authority they currently have over digital assets to improve market transparency and protect the investors putting their money into the sector.Brown sent

A piece of Bitcoin history is going on the block.Christian Langalis, whose photo-bombing of Janet Yellen became a viral meme, is auctioning the "Buy Bitcoin" sign he held up behind the then-Federal Reserve chair during her televised Congressional testimony in July 2017.The sign, which Langalis drew on a lined yellow legal pad with a fine-point

Reality TV star Kim Kardashian’s social media posts endorsing EthereumMax (EMAX) were false, a California judge ruled on Tuesday, allowing the case against her and other public figures to move forward.The case brought by investors against Kardashian, retired boxer Floyd Mayweather Jr. and National Basketball Association Hall of Famer Paul Pierce among others, made headlines…