‘Bitcoin Jesus’ Charged in $50 Million Tax Fraud
Photo: Dado Ruvic (Reuters) Early crypto investor Roger Ver, a.k.a. ‘Bitcoin Jesus,’ has been charged with a tax fraud, with the Department of Justice saying he evaded nearly $50 million…
Coinbase Back Online After Bitcoin’s Surge Overwhelmed the Platform
Photo: Jakub Porzycki/NurPhoto (Getty Images) Coinbase users’ accounts showed a “zero balance” on Wednesday afternoon. Coinbase confirmed the problem on its status page at 12:40 p.m. ET but claims customer…
Bitcoin Wears a Patagonia Vest Now, but Is It Still Crypto?
Cryptocurrency cleaned up its act this week as spot Bitcoin ETFs made their Wall Street debut in January. The digital tokens are looking almost unrecognizable from what the industry represented…
Mt. Gox Victims Report ‘Double Repayments’ From 2014 Bitcoin Hack
Photo: Kiyoshi Ota/Bloomberg (Getty Images) Well, that’s one way to see your investment pay off. In 2014, the largest cryptocurrency exchange in the world, Mt. Gox, suffered a notorious hack…
Binance May Sacrifice $4 Billion to Settle DOJ Case
The US Justice Department seeks $4 billion from Binance to end a years-long investigation into the world’s largest cryptocurrency exchange, according to Bloomberg. Negotiations are reportedly underway that could subject…
Millions of Old Bitcoin Wallets Have Critical Security Flaws, Experts Say
Photo: Lukas Gojda / Shutterstock.com (Shutterstock) Bitcoin wallets older than 2016 could have a vulnerability that puts over $1 billion worth of cryptocurrency at risk, according to a report in…
Crypto Exchanges, Not Just FTX, Are All a Mess Right Now
Photo: Benjamin Girette (Getty Images) The founders of cryptocurrency exchanges face a mountain of regulatory challenges and billions in personal losses. Binance CEO Changpeng Zhao personally lost $12 billion this year…
Whoops: DEA Falls for Crypto Scam, Hands Fraudster $55,000 in Stolen Funds
The same federal agency that once helped bring down the biggest crypto-based dark web drug marketplace Silk Road got swindled by one of the oldest tricks in the crypto scammer…
Feds Charge Tornado Cash Crypto Mixer Devs With Money Laundering
Two of the original developers of the crypto mixer Tornado Cash are caught up in a whole new shitstorm of a federal indictment. On Wednesday, the U.S. alleged that two…
Bitcoin Freefalls to Two-Month Low After SpaceX Write-Down
Image: tungtaechit (Shutterstock) If the spectacular failure of Sam Bankman-Fried’s FTX exchange wasn’t evidence enough, the crypto bubble has officially popped. Now, Bitcoin, one of the most widely used cryptocurrencies,…