Coinbase Accused of Technical Incompetence After Hoarding Millions of UTXOs

The Coinbase development team has been accused of “technical incompetence” after amassing millions of UTXOs through careless housekeeping. Unspent Transaction Outputs, or UTXOs, are the change that’s left after sending a bitcoin payment. Wallet providers are supposed to sweep these crumbs up and bundle them in with future transactions. Coinbase, it transpires, has been hoarding … Read more

Doing a 180 – Goldman Sachs Goes Crypto

The Year of Bitcoin continues to get more interesting, as reports surfaced today that legacy bank Goldman Sachs will open a cryptocurrency trading desk by mid 2018. It’s a momentous occasion for many reasons, but not least of which is the  influence the bank carries in terms of respect within the industry.  Also read: Championing … Read more

5 Exciting Monero Developments to Look Forward to in 2018

A lot of top cryptocurrencies will roll out some major features in the coming weeks and months. In the case of Monero, a lot of exciting developments are on the horizon for 2018. Although there is no official timeline for some of these developments, certain features and integrations have been in development for several months. … Read more

The World’s First Bitcoin Lottery is Offering a 1,000 BTC Bounty

Anyone kicking themselves for not buying bitcoin sooner now has a novel way to make amends. One of Ireland’s best known lottery operators is offering a bitcoin bounty worth millions of dollars. In exchange for picking six numbers, entrants – who aren’t limited to the Republic of Ireland – will be entered into a draw … Read more

Bitcoin Glossary: You’ve Heard of Crypto Mania – Now Say Hello to Cryptophasia

To outsiders, cryptocurrency is a strange and bewildering world. Dive into bitcoin Twitter for the first time and you’re confronted by an array of confusing acronyms, memes, and jargon tossed around like confetti. Cryptocurrency has its own language, honed through years spent lurking in trollboxes and forums with like-minded geeks. For anyone who’s new to … Read more

2018 Pyeongchang United States Olympic Luge Team to Accept Bitcoin Donations

Over the weekend, the United States Olympic Luge Team announced they are the first Olympic team in the country to advocate for and accept bitcoin in donation. With only two months from starting Winter Games in South Korea, there’s just enough time to promote both a crazy, cool olympic sport while promoting a cool, crazy … Read more

SEC Suspends Trading in Publicly Traded `The Crypto Company´ after 2500% Rise

The Securities and Exchange Commission (SEC) announced “the public interest and the protection of investors require a suspension of trading in the securities of The Crypto Company.” It’s the second time this year the SEC has gone after crypto-affiliated, publicly traded companies.  Also read: Tezos Foundation Board Member Quits SEC Suspends The Crypto Company Effective … Read more

“Fake Satoshi” Dorian Nakamoto is Probably $273,000 Richer After Selling His Bitcoins

In 2014, Dorian Nakamoto was wrongly identified as being the inventor of bitcoin. In the aftermath of Newsweek’s faulty dox, a compensatory fund set up for Dorian raised over 67 BTC. Like his namesake, the faux Satoshi has exercised remarkable restraint, leaving his haul of coins untouched until this year – when he finally cashed … Read more

How Dorian Nakamoto Became Satoshi Nakamoto

In 2014, Newsweek doxxed Dorian Nakamoto, an unassuming senior, as the creator of bitcoin. The bumbling Dorian, who claimed never to have heard of the digital currency, was besieged by journalists for days, prompting him to plot a harassment lawsuit. As introductions to bitcoin go, Dorian’s was hellish. And yet, three years on from the … Read more

Massachusetts Joins List of US States Hostile to Bitcoin

Lifelong Massachusetts politician, William Galvin, Secretary of the Commonwealth, turned sudden investment and currency expert this week, is issuing a seven-point warning about the perils of bitcoin. The uncharitable statement lands New England’s most populated region in the hostile category, joining a half dozen other states in anti-bitcoin mania. Also read: Rise of the Bitcoin … Read more