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NEW YORK (Reuters) -Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded not guilty on Thursday to U.S. criminal ...
An Alabama man admitted Monday to taking part in a January 2024 hack of a U.S. Securities and Exchange Commission social media account designed to manipulate the price of bitcoin. Eric Council Jr ...
Bitcoin could hit $500,000 by the end of Trump's second term, Standard Chartered estimates. The token will rise amid better investor access and lower volatility. Falling bond yields are a positive ...
Logarithmic mining difficulty chart of Bitcoin, showing the ease of mining in 2009 when Howells started mining. [22] On 15 February 2009, [19] James Howells started mining Bitcoin with a Dell XPS laptop. [5] [2] He recalled mining 400–800 Bitcoin intermittently overnight for two months, [19] which caused his device to overheat. [12]
In 2010, he came across the Bitcoin white paper published under the alias Satoshi Nakamoto. [5] In 2011, he joined Airbnb as a software engineer and was exposed to payment systems in the 190 countries Airbnb operated in at the time. [6] While at Airbnb, he saw the difficulties of sending money to South America. [5]
On November 9, 2021, a raid on his Gainesville, Georgia, home resulted in the seizure of about 50,676 bitcoin, then valued at over $3.36 billion. [8] Zhong cooperated with investigators, forfeited all of his bitcoin and pled guilty to one count of wire fraud. [9] In April 2023, Zhong was sentenced to a year and a day in prison. [1]
New Defense Secretary Pete Hegseth brings cryptocurrency holdings to the Pentagon’s top post, with financial disclosures showing he owns between $5,000 and $15,000 in Bitcoin amid his broader ...
The Bitfinex cryptocurrency exchange was hacked in August 2016. [1] 119,756 bitcoins, worth about US$72 million at the time, was stolen.[1]In February 2022, the US government recovered and seized a portion of the stolen bitcoin, then worth US$3.6 billion, [2] by decrypting a file owned by Ilya Lichtenstein (born 1989) that contained addresses and private keys associated with the stolen funds. [3]