Bitcoin / 629 posts found
British engineer who threw away a hard drive holding 7,500 Bitcoin has a new idea on how to recover it from a landfill
Cryptocurrency In context: For years, a British computer engineer who essentially threw away the key to his cryptocurrency vault has been trying to excavate the device on which it is stored from a local landfill. This year, he came up with the boldest project yet, but the chances of it getting approved by authorities are slim to none. Back in 2013, James Howells’s life changed when he threw out a hard drive that may just be the most valuable in the world. Before doing so, Howells had two 2.5-inch hard drives stored in a drawer, one of which he intended […]
Mississippi Woman Jailed for 10 Years After Paying for Murder in Bitcoin
The US Department of Justice sentenced the 40-year-old resident of Pelahatchie, Mississippi – Jessica Sledge – to the statutory maximum of 10 years in Federal Prison. In 2021, the woman hired a “hitman” and paid him $10,000 worth of bitcoin to murder her husband. Additionally, the authorities jailed the citizens of Orange County – Jeremy McAlpine and Zachary Matar – for luring over 2,000 investors into a fraudulent crypto scheme. The former will spend 36 months behind bars, while the latter – 30 months. Justice Served In September 2021, American law enforcement agents received information that Jessica Sledge had hired […]
Proof-of-Stake Would Kill Bitcoin (And Maybe That’s the Idea)
Cryptocurrency Proof-of-Stake and Bitcoin: BTC should not abandon its tried-and-true consensus mechanism for one that has not had 14 years of battle testing, says Rick Delaney, Senior Crypto Analyst @OKX. It’s been a couple of months since Ripple and Greenpeace, and a handful of other environmental organizations, showed they have no clue why Bitcoin is special. Announced in March 2022, the “Change the code, not the climate” campaign attempts to pressure influential Bitcoiners into supporting a switch from the energy-intensive and proven proof-of-work consensus mechanism to the still-experimental proof-of-stake. To justify its existence, the campaign leans heavily on Ethereum’s ongoing […]
Craig S. Wright Awarded £1 Damages in “False” Bitcoin Libel Case
A high court judge has concluded that Peter McCormack “caused serious harm” to Craig S. Wright’s reputation after he questioned Wright’s claims that he created Bitcoin. Key Takeaways A high court judge has ruled in favor of self-proclaimed Bitcoin creator Craig S. Wright in his libel case against Peter McCormack, ordering McCormack to pay £1 in damages for causing “serious harm” to Wright’s reputation. Wright took McCormack to court after he published content online describing Wright as a “fraud” and a “liar.” The judge ordered McCormack to pay a nominal sum of £1 after concluding that Wright had presented “a […]
Altcoins Polygon(MATIC), Ethereum (ETH) & Ethereum Classic(ETC) Price May Explode in Coming Week!
Cryptocurrency Bitcoin and major altcoins witnessed a notable upswing in the past couple of days. Despite the current pullback, the asset maintains a decent strength and displays a tendency to regain bullish momentum. The bearish cartel is attempting very hard to restrict the rally but the assets appear to be poised to keep up the upward trajectory. Altcoins like Ethereum (ETH), Polygon (MATIC) and Ethereum Classic(ETC) are expected to thrive in the coming days. Ethereum (ETH) Price Ethereum price in the past couple of hours is strongly consolidating along the upper resistance levels including a couple of pullbacks and recovery. […]
The Global Market To Enter Recession? How Will Bitcoin Perform?
After the US GDP was released on July 28th, it was learnt that the GDP had fallen around -0.9%. Yet, the US officials had claimed that there is no recession. Meanwhile, BCA Reserache’s Chief Global Strategist, Peter Berezin has disclosed a few recession proof assets where he is of the opinion that this will help investors tackle the recession period. Peter Berezin is not a big fan of Bitcoin or crypto on the whole and feels they are of no use. Berezin claims that consumer staples and healthcare are one that investors should consider for investment in order to safeguard […]
