Tech billionaires Elon Musk and Jack Dorsey have agreed to discuss bitcoin with each other at an event in July.
In a bizarre Twitter thread, Musk responded to a tweet from Dorsey promoting an event called “The B Word,” which aims to encourage companies and institutional investors to adopt bitcoin.
“Bicurious?” the Tesla CEO said, seemingly referring to the “B” word in question.
Two brothers in South Africa have disappeared along with $3.6 billion worth of bitcoin that was housed on their cryptocurrency investment platform, according to a Cape Town law firm hired by investors to investigate the alleged heist.
The law firm, Hanekom Attorneys, said it has reported the incident to the Hawks, an elite unit of South Africa’s national police force. Hanekom has also reported the matter to South African financial regulators and crypto exchanges around the world.
The brothers, Ameer and Raees Cajee, set up their crypto investment service, Africrypt, in 2019.
Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital.
The bank has begun trading bitcoin futures with Galaxy Digital, the crypto merchant bank founded by Mike Novogratz, CNBC has learned.
The trades represent the first time that Goldman has used a digital assets firm as a counterparty since the investment bank set up its cryptocurrency desk last month, according to Galaxy co-president Damien Vanderwilt.
The moves by Goldman, the preeminent global investment bank, may reverberate on Wall Street and beyond as banks increasingly face pressure from clients who want exposure to bitcoin. By being the first major U.S. bank to begin trading cryptocurrency, Goldman is essentially giving other banks cover to begin doing so as well, said Vanderwilt, a former Goldman partner who joined Galaxy last year.
Tanzania considers crypto—and boosts bitcoin—as nations line up behind el salvador to embrace decentralized finance.
El Salvador voted to adopt bitcoin as legal tender last week.
Tesla halted car purchases with bitcoin in mid-May due to concerns over how mining contributes to climate change.
Stefan Thomas really could have used a quantum computer this year.
The German-born programmer and crypto trader forgot the password to unlock his digital wallet, which contains 7002 bitcoin, now worth $265 million. Quantum computers, which will be several million times faster than traditional computers, could have easily helped him crack the code.
Though quantum computing is still very much in its infancy, governments and private-sector companies such as Microsoft and Google are working to make it a reality. Within a decade, quantum computers could be powerful enough to break the cryptographic security that protects cell phones, bank accounts, email addresses and — yes — bitcoin wallets.
Interactive Brokers — seen as the e-broker with some of the most sophisticated clientele — is slated to start trading cryptocurrencies on its platform in the coming months.
“Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer,” Interactive Brokers Chairman and CEO Thomas Peterffy said Wednesday at the Piper Sandler Global Exchange & FinTech Conference.
Investors, both retail and institutional, have poured into bitcoin and other digital assets in 2021. Bitcoin’s price has soared to above $34000 from the $9000 in June of 2020. The price of bitcoin has experienced wild volatility recently due to headlines on a China crackdown, Elon Musk and investors taking excessive risk.
U.S. investigators have recovered millions of dollars in cryptocurrency that Colonial Pipeline paid hackers last month to end a ransomware attack on its systems.
Deputy Attorney General Lisa Monaco announced Monday afternoon that the Department of Justice “found and recaptured the majority of the ransom” paid to the DarkSide network, the group responsible for the attack.
Paul Abbate, the deputy director of the FBI, said the bureau successfully seized the ransom funds from a bitcoin wallet that DarkSide used to collect Colonial Pipeline’s payment.
What Bitcoin does for electricity and Ethereum for video cards, Chia does for hard disks.
LONDON — An illegal bitcoin mine has been found by police in the U.K. who were looking for a cannabis farm.
The mine — located in an industrial unit on the outskirts of the English city of Birmingham — was stealing thousands of pounds worth of electricity from the mains supply, West Midlands Police said Thursday.
Police searched the unit in Sandwell on May 18 on the back of intelligence that led them to believe it was being used as a cannabis farm.