Crypto

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Why Coinbase derailed the crypto industry’s political future

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January was going to be a landmark month for the crypto industry. The Senate would start negotiating the finer details of the CLARITY Act, a major law that would finally enshrine the fundamental structure of how the crypto market could legally operate in the United States: what digital assets counted as a security versus a […]

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Former NYC Mayor Eric Adams accused of $2.5 million crypto ‘rug pull’ as his NYC Token crashes

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Former NYC Mayor Eric Adams has come under fire after his new cryptocurrency token crashed just hours following its launch on Monday. As reported by CoinDesk, Adams’ “NYC Token” hit a $580 million market capitalization at its peak before plummeting to around $130 million at this time of writing. Data from the blockchain analysis platform, […]

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Fintech firm Betterment confirms data breach after hackers send fake crypto scam notification to users

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Hackers gained access to some Betterment customers’ personal information through a social engineering attack, then targeted some of them with a crypto-related phishing message.

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Betterment’s financial app sends customers a $10,000 crypto scam message

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Betterment, a financial app, sent a sketchy-looking notification on Friday asking users to send $10,000 to Bitcoin and Ethereum crypto wallets and promising to “triple your crypto,” according to a thread on Reddit. The Betterment account says in an X thread that this was an “unauthorized message” that was sent via a “third-party system.” Here’s […]

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Billion-dollar Bitcoin hacker Ilya Lichtenstein thanks Trump for early prison release

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Just over a year after being sentenced to five years in prison for the theft of billions of dollars in Bitcoin, hacker Ilya Lichtenstein is free. Lichtenstein announced his release in a post on X, specifically crediting Trump: “Thanks to President Trump’s First Step Act, I have been released from prison early. I remain committed […]

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Bitcoin does cultural diplomacy in a dive bar

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Bitcoin culture, by nature, is anarchical and chaotic. It has to be, given the nature of Bitcoin itself and the people who adopted it: free-market libertarians who’ve gone all in on turning computer code into a form of money divorced from central banks, government intervention, and traceability. In short, it’s the exact opposite culture of […]

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Data center construction moratorium is gaining steam

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More than 230 groups including Food & Water Watch, Physicians for Social Responsibility, and Greenpeace are demanding a pause on the construction of any new data centers in the US until stronger regulations are in place to prevent soaring electricity rates, water use, and pollution. “The rapid, largely unregulated rise of data centers to fuel […]

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