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Colorado resident Bryan Conner Herrell has been sentenced to 11 years in prison for moderating disputes on the now defunct darknet marketplace AlphaBay. AlphaBay formally launched on December 22nd, 2014, a month after the Silk Road was shut down by the FBI and Europol. It allowed the sale of similar
The canton of Zug, Switzerland, colloquially known as "Crypto Valley," has taken an enormous stride toward cryptocurrency adoption by enabling tax settlement in bitcoin and ether. Zug will accept tax payments in both cryptocurrencies as early as 2021. Following a pilot expected to take place within the next
Stablecoins, cryptocurrencies tied to the value of an underlying asset like the U.S. dollar, will likely soon face regulatory pressure as central banks and other regulatory agencies notice their ascent. Andrew Bailey, the incumbent Governor of the Bank of England, announced the central bank's intent to regulate
News • Bitcoin • Sep 02, 2020
Stablecoins, cryptocurrencies tied to the value of an underlying asset like the U.S. dollar, will likely soon face regulatory pressure as central banks and other regulatory agencies notice their ascent. Andrew Bailey, the incumbent Governor of the Bank of England, announced the central bank's intent to regulate
News • Bitcoin • Sep 02, 2020
Colorado resident Bryan Conner Herrell has been sentenced to 11 years in prison for moderating disputes on the now defunct darknet marketplace AlphaBay. AlphaBay formally launched on December 22nd, 2014, a month after the Silk Road was shut down by the FBI and Europol. It allowed the sale of similar
News • Bitcoin • Sep 02, 2020
The canton of Zug, Switzerland, colloquially known as "Crypto Valley," has taken an enormous stride toward cryptocurrency adoption by enabling tax settlement in bitcoin and ether. Zug will accept tax payments in both cryptocurrencies as early as 2021. Following a pilot expected to take place within the next
News • Bitcoin • Sep 02, 2020
This article was updated with additional information on September 4th after the BTC Times received a response from SatoshiLabs. According to a developer of hardware wallet ShiftCrypto, an attack vector affecting KeepKey and Trezor devices could allow hackers to hold crypto funds ransom. The developer goes by Marko and writes
News • Bitcoin • Sep 02, 2020
A "serious" ransomware attack on Tesla's Gigafactory was derailed after one plucky employee resisted a million-dollar bitcoin bribe from a Russian hacker. According to a complaint published by the Department of Justice last week, a Russian national was arrested for allegedly attempting to introduce malware to
News • Bitcoin • Sep 01, 2020
Peter McCormack is a podcaster, moderator, filmmaker, and the creator of What Bitcoin Did, a Bitcoin-focused podcast launched in 2017 that counts more than 250 episodes and has grown to over 280,000 downloads a month. In 2019, Peter kicked off his second podcast Defiance, which branches out into a
interview • Bitcoin • Sep 01, 2020
In 2014, engineer Pieter Wuille abandoned his post at Google to join the Bitcoin development company Blockstream as a co-founder and core engineer. The developer is now moving on to Chaincode Labs, a research and development group focused on Bitcoin and related technologies. His exact job title is currently unknown.
News • Bitcoin • Sep 01, 2020
On August 27th, Federal Reserve Chairman Jerome Powell delivered his much-awaited speech on U.S. monetary policy. Analysts say that Powell’s comments, which indicated that increased and continued inflation should be expected, are set to bolster Bitcoin's long-term price trajectory. What Did Jerome Powell Say? Jerome Powell&
News • Bitcoin • Aug 31, 2020