Perhaps you’re deep into cryptocurrency and blockchain technology and know exactly what a non-fungible token is. Or maybe you, like me, barely know what any of those words mean, but have a vague sense that dudes in a certain kind of bar love to talk your ear off about bitcoin and that NFTs are some…
If you’re a vocal neo-Nazi or well-known sympathizer with white nationalists, chances are you’ve been fired from your job and blocked by online, peer-to-peer payment systems like PayPal and Apple Pay. So how do you support your hateful lifestyle? With Bitcoin, of course. The boom-and-bust originator of cryptocurrencies has seen wide adoption by leading white…
JERUSALEM (Reuters) – Israel’s central bank said on Monday it would not recognize virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the risks of such activity to the country’s banks and their clients. Deputy Governor Nadine Baudot-Trajtenberg said there had been public complaints Israeli banks…
A Russian entrepreneur has unveiled a “kosher” cryptocurrency called BitCoen. In two months, when BitCoen has its “initial coin offering,” the cryptocurrency will join the ranks of Bitcoin, Ethereum and more than 900 other digital currencies that are traded directly between investors over the internet. The project is the brainchild of Viacheslav Semenchuk, a self-described…
Palestinians are planning to create a Bitcoin-style currency that would help the Palestinian economy operate independently of Israeli influence. According to a report in Reuters, the Palestine Monetary Authority is designing the currency, which would be called the Palestinian pound. It aims to have the currency in use in the next five years. The PMA…
(JTA) — The Israeli-American suspected of perpetrating more than 100 bomb threats against Jewish institutions used technologies including Google Voice, a call forwarding service, and Bitcoin, a digital currency, to make the threats. According to an article in The Daily Beast, the 19-year-old suspect’s name is Michael Kaydar. Israel’s anti-fraud squad arrested Kaydar at his home in…
The global value of the Bitcoin — a digital currency invented in 2008 — has dropped nearly 30% in the last two days. The crash was likely caused by revelations that hackers stole 119,756 bitcoins — worth about $65 million at present prices — from the computer system of Bitfinex, a Bitcoin exchange based in…
This article is excerpted and adapted from “Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money” by Nathaniel Popper. Charlie Shrem sits in prison in central Pennsylvania, the cautionary face of the futuristic movement that developed around the virtual currency Bitcoin. This can seem a rather unlikely position…
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