Cryptocurrency & Mining News - Page 3

The latest and most important Cryptocurrency & Mining news - Page 3.

Seth Green pays massive ransom for 'kidnapped' star of his new TV show

Jak Connor | Fri, Jun 10 2022 1:03 AM CDT

Family Guy star Seth Green has reportedly paid a massive sum of money to an individual for the return of his star in his upcoming TV show.

Seth Green pays massive ransom for 'kidnapped' star of his new TV show 01 | TweakTown.com

At the end of May, Green announced that the star of his upcoming TV show "White Horse Tavern" had been stolen from him through a phishing scam. The star of the show is Bored Ape Yacht Club #8398, or Fred Simian, who Green said was "literally kidnapped" days before he was meant to reveal the show to the world. Bored Ape #8398 wasn't the only NFT that was stolen from Green, as two Mutant Apes and one Doodle NFT were also stolen.

Now, according to reports from BuzzFeed News, the stolen star was purchased from the scammer for approximately $297,000 worth of Ether by an unnamed wallet that is reportedly Green's. If true, it means Green has paid not only a large sum of money for the original purchase of the NFT but also nearly $300,000 to retrieve it.

Continue reading: Seth Green pays massive ransom for 'kidnapped' star of his new TV show (full post)

Analyst gives stark prediction for Bitcoin price as it nears $32,000

Jak Connor | Tue, Jun 7 2022 2:04 AM CDT

Bitcoin's price continues to operate in the $28,000 to $32,000 range, but some analysts believe there is something in store for Bitcoin throughout the summer.

As reported by CoinTelegraph, social media analyst Wolf has provided correlated evidence that if the S&P 500 flips its 21-month exponential moving average (EMA) support and continues an uptrend, Bitcoin and the cryptocurrency market as a whole will follow in an upwards fashion as well. Wolf explained that Bitcoin slowly follows behind then S*P, but if the stocks 21EMA is held, Bitcoin is due to "recover pretty soon".

Furthermore, commentator Bob Loukas took to Twitter to give his point of view on the cryptocurrency market, saying that the coming summer in crypto will likely be "boring," as the "heavy selling is done" and now is the "period where only smart money accumulates". Loukas added that now that all of the "weak hands have turned over, higher prices will be needed," and a new cycle can start. Loukas projects that the new cycle will begin later in 2022.

Continue reading: Analyst gives stark prediction for Bitcoin price as it nears $32,000 (full post)

World's most popular NFT brand hacked, hundreds of thousands stolen

Jak Connor | Mon, Jun 6 2022 5:04 AM CDT

The Bored Ape Yacht Club recently announced that it has fallen for a hack that has resulted in hundreds of thousands of dollars worth of NFTs being stolen.

The Bored Ape Yacht Club (BAYC) took to its Twitter account to announce that its Discord servers suffered from an exploit that Fortune reports were a phishing attack. Hackers reportedly got a hold of Boris Vagner's Discord account, who is the community manager for Yuga Labs, the developers behind projects such as Bored Ape Yacht Club. The hackers used Vagner's account and posted links into the official BAYC Discord channel and the metaverse project called Otherside.

Yuga Labs confirmed that the hack occurred and that approximately 200 ETH worth of NFTs were stolen. One Bored Ape Yacht Club NFT and two Mutant Ape tokens. Notably, this isn't the first time Yuga Labs has been hacked, and expensive NFTs have been stolen. Only in April this year, the Bored Ape Yacht Club Twitter account announced that the BAYC Instagram account had been hacked. Hackers used a phishing scam to steal 91 NFTs worth approximately $2.8 million.

Continue reading: World's most popular NFT brand hacked, hundreds of thousands stolen (full post)

Chipotle adopts cryptocurrency payments for all stores across the US

Jak Connor | Thu, Jun 2 2022 5:20 AM CDT

Chipotle has announced it will be adopting cryptocurrency payments across thousands of its stores throughout the United States.

The massive Mexican-style fast-food chain announced that it will be accepting cryptocurrency payments through the digital payment platform Flexa, which supports nearly 100 different cryptocurrencies such as Bitcoin and Ethereum. Reports indicate that Chipotle will be accepting payments via the Flexa app across its 3,000 restaurants.

According to a Medium article by Flexa, in celebration of Chipotle adopting digital currency payments, Flexa will be giving everyone 10% off their next Chipotle order through the Flexa app. For individuals interested in claiming their free 10% off, you will need to download the Gemini or SPEDN app, head to your nearest Chipotle restaurant, and proceed to pay with the app.

Continue reading: Chipotle adopts cryptocurrency payments for all stores across the US (full post)

Russia moves to accept Bitcoin and crypto for international payments

Jak Connor | Wed, Jun 1 2022 2:33 AM CDT

A new report from Reuters has revealed that Russia is open to accepting Bitcoin and other cryptocurrencies for international payments.

Russia moves to accept Bitcoin and crypto for international payments 25 | TweakTown.com

Since Russia began its invasion of Ukraine, which resulted in contracting heavy sanctions from numerous countries that condemned the Russian Federations' actions, the Russian economy has been crippled, and officials are looking at alternative ways of keeping it afloat. There have been rumors of Russia accepting Bitcoin as a form of payment, but now we are hearing from the First Deputy Governor of The Central Bank of the Russian Federation, Ksenia Yudaeva, who said Russia's bank is open to implementing digital currencies.

"In principle, we do not object to the use of cryptocurrency in international transactions," said Yudaeva. Notably, that open-mindedness from Russian bank officials only stretches so far as Yudaeva and other banking officials still believe that adopting Bitcoin and other cryptocurrencies comes with considerable risk to Russia's financial infrastructure that may negatively impact Russian citizens.

Continue reading: Russia moves to accept Bitcoin and crypto for international payments (full post)

Dogecoin co-creator goes after Elon Musk with harsh criticisms

Jak Connor | Wed, Jun 1 2022 1:32 AM CDT

The co-creator of one of the world's most popular cryptocurrencies has taken some shots at SpaceX and Tesla CEO Elon Musk.

Dogecoin co-creator goes after Elon Musk with harsh criticisms 01 | TweakTown.com

In a recent interview with Australian publication Crikey, Jackson Palmer, the co-creator of Dogecoin, has gone after Musk with heavy criticisms, describing the billionaire as a "grifter". Notably, Palmer said to the publication that "when Musk was saying something about crypto, I said Elon Musk was and always will be a grifter, but the world loves grifters. They love the idea that they may also be a billionaire one day, and that's the dream he's selling."

Furthermore, Palmer said to the publication that he has directly spoken to Musk after he developed a software script that automatically reported cryptocurrency scams in users' replies. Palmer said that Musk reached out to him to acquire the new script, and it "became apparent very quickly that he didn't understand coding as well as he made out," as he asked Palmer, "How do I run this Python script?"

Continue reading: Dogecoin co-creator goes after Elon Musk with harsh criticisms (full post)

Renewable-only Bitcoin project to be powered by huge Tesla batteries

Adam Hunt | Sat, May 28 2022 12:01 AM CDT

The zero-emission Bitcoin mining project is a collaboration between Tesla, Blockstream, and Jack Dorsey's Blocks (formerly known as Square).

The new facility will be capable of 30 Petahashes per second and powered exclusively by a 3.8 megawatt (MW) solar farm and a 12 megawatt-hour (MWh) Megapack battery system, provided by Tesla. A recent tweet from Blockstream shows that it has now received a delivery of four Megapack batteries.

Tesla previously invested $1.5 billion into Bitcoin in early 2021 and followed up that move with accepting Bitcoin as a payment option for new vehicles. Within a few days, Tesla reversed this decision, citing concerns regarding the use of fossil fuels and their associated emissions when it comes to powering Bitcoin mining and transactions.

Continue reading: Renewable-only Bitcoin project to be powered by huge Tesla batteries (full post)

Bored Ape NFT set to star in new Seth Green TV show now 'kidnapped'

Jak Connor | Thu, May 26 2022 3:04 AM CDT

Family Guy star and actor Seth Green recently debuted a new trailer for his new upcoming TV show called "White Horse Tavern" at Gary Vaynerchuk's VeeCon.

Recently taking to Twitter, Green revealed that he has fallen victim to a common phishing scam where he lost one Bored Ape, two Mutant Apes and one Doodle NFT. Not only has Green been impacted monetarily from the scam, but it has opened up a can of worms when it comes to copyright laws as the TV show is based around Bored Ape Yacht Club #8398 (Fred Simian), which Green now no longer officially owns.

Since an NFT is proof of ownership, and Green has now been scammed the NFT, he no longer has the commercial rights to use that Bored Ape as the main character of the show, as the rights have been moved onto the current owner. However, Green has argued that since the "art was stolen" the current owner doesn't hold commercial rights, as would be the case if the transaction was made with real money.

Continue reading: Bored Ape NFT set to star in new Seth Green TV show now 'kidnapped' (full post)

US regulator charges two men behind a $44 million crypto Ponzi scheme

Jak Connor | Mon, May 23 2022 2:32 AM CDT

A US regulator has charged two men for being behind a multi-million-dollar cryptocurrency scam that stole funds from more than 100 investors.

US regulator charges two men behind a $44 million crypto Ponzi scheme 01 | TweakTown.com

The Commodity Futures Trading Commission (CFTC) has published a new press release that states Sam Ikkurty of Portland, Oregon, and Ravishankar Avadhanam of Aurora, Illinois, have been charged with fraudulently soliciting $44 million from investors as well as controlling and operating a commodity pool that was never officially registered with authorities. Notably, the two individuals scammed investors through asset income funds such as Ikkurty Capital, Rose City Income Fund, and Seneca Ventures.

The two men promoted their scam projects via YouTube videos and directed investors to their website where investors were informed that their funds would be used to generate return-on-investment (ROI) annually. The US regulator explained that instead of directly stealing funds from investors the two individuals "misappropriated participant funds by distributing them to other participants, in a manner akin to a Ponzi scheme."

Continue reading: US regulator charges two men behind a $44 million crypto Ponzi scheme (full post)

Bill Gates explains why he hasn't purchased any cryptocurrency

Jak Connor | Fri, May 20 2022 5:45 AM CDT

Microsoft founder Bill Gates has recently participated in a Reddit Ask Me Anything (AMA) where he explained why he doesn't hold any cryptocurrencies.

Bill Gates explains why he hasn't purchased any cryptocurrency 01 | TweakTown.com

Gates took to Reddit yesterday to answer numerous questions ranging from his philantropy ventures into climate change, vaccines, COVID-19, how young people can impact the world and cryptocurrencies. Gates was asked what he thought about Bitcoin and other cryptocurrencies, Gates stated that he doesn't own any cryptocurrencies and that he likes "investing in things that have valuable output".

The Microsoft founder explains that companies "valuable output" is based on the product that they make and the quality of it, while the "value of crypto is just what some other person decides someone else will pay for it so not adding to society like other investments." These remarks from Gates about cryptocurrency are hardly surprising as the world's fourth richest individual said in March that if you have less money than Elon Musk and are involved with cryptocurrencies "probably watch out".

Continue reading: Bill Gates explains why he hasn't purchased any cryptocurrency (full post)

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