Bill Gates Warns Cryptocurrencies ‘Directly Killing People’

Microsoft Founder Bill Gates has a lot of opinions, many direct and unflinching — as you might expect from a tech billionaire. His latest, shared in a Reddit “ask me anything” exchange: Cryptocurrencies are deadly. “The government’s ability to find money laundering and tax evasion and terrorist funding is a good thing,” he wrote. “Right […]

Will an Oil-Backed Sovereign Crypto Help Caracas Dig Its Way Out of Financial Trouble? Doubtful

The government of Venezuela raised $735 million on the first day of a presale of its oil-backed cryptocurrency, the “petro.” That’s hard currency in a country awash in debt and facing a failing economy on nearly all fronts. But it might not matter, experts say, since the country’s leadership doesn’t seem to understand cryptocurrencies at […]

Not Even Tesla’s Elon Musk Is Safe from Crypto Hackers

Electric car maker Tesla’s cloud service was hacked to mine cryptocurrencies worth more than $1 billion dollars, according to news reports. RedLock, a cloud security intelligence firm, revealed that Tesla’s Amazon Web Services software container Kubernetes was hacked easily — because it did not even have a password! RedLock exposed a hack of other firms […]

European Leaders Debate Stiff New Cryptocurrency Regulations

European governments are considering stringent regulations on cryptocurrencies in all European Union countries that could severely limit ICOs, crypto exchanges and investments in virtual currencies across the Continent. Concerns about rampant speculation coincide with fears among banking leaders there of digital currency being used for money laundering, drug trafficking, and terror operations. Some EU finance […]

Analysis: Crypto Valuations Owe Much to Investor Fear and Greed — Just Like With Stocks

The end of 2017, just a couple of months ago, was a watershed moment for the virtual currency markets. The unprecedented appreciation of Bitcoin and other virtual currencies helped fuel the appetite for initial coin offerings, fundraising vehicles for new, untested coins. Though the direction of the cryptocurrency markets has not been influenced directly by […]

In Surprise, Putin Flatly Endorses Blockchain in Russia

In a surprise turn of events, Russian leader Vladimir Putin has broadly endorsed blockchain technology. The pro-crypto comments came during a meeting with with Herman Gref, the president of Sberbank, Russia’s largest bank. Gref, who has previously stated that Sberbank is looking to implement blockchain technology in day-to-day operations, called on Putin to include blockchain […]

‘Bitcoin Inventor’ Accused of Swindling $5 BILLION In Crypto; Apple Co-Founder Wozniak Also Scammed

Craig Wright, the self-proclaimed inventor of bitcoin, stands accused of swindling more than $5 billion worth of the cryptocurrency from the estate of a computer-security expert. In 2016, Wright, an Australian, claimed that he created the cryptocurrency under the pseudonym Satoshi Nakamoto. The issues stem from Wright’s work with Dave Kleiman, a major cryptocurrency user […]

Goldman-Backed Fintech Circle Buys Crypto Exchange Poloniex

A Goldman Sachs-backed financial technology company Circle just got deeper into the game by purchasing cryptocurrency exchange Poloniex. The deal is reportedly worth $400 million, according to Fortune’s Robert Hackett. Circle facilitates cryptocurrency trades worth a couple hundred million dollars in its market-making arm Circle Trade. Poloniex said that its team would be bolstered by […]