Hacker News with Generative AI: Cryptocurrency

Pastor who saw crypto project in his "dream" indicted for fraud (bleepingcomputer.com)
A pastor at a Pasco, Washington, church has been indicted on 26 counts of fraud for allegedly operating a cryptocurrency scam that defrauded investors of millions between 2021 and 2023.
Cryptocurrency, Fraud, Religion, Law Enforcement
8 points by botanicals6 2 days ago | 5 comments
Judge ends man's 11-year quest to dig up landfill and recover $765M in Bitcoin (arstechnica.com)
A British judge ruled against a man who wants to excavate a landfill where he says a hard drive with access to thousands of bitcoins was mistakenly dumped over 11 years ago.
Bitcoin, Law, Technology, Cryptocurrency
69 points by LinuxBender 4 days ago | 79 comments
U.S. Judges Demand SEC 'Explain Itself' for Rebuffing Requests for Crypto Rules (coindesk.com)
The U.S. Securities and Exchange Commission must now thoroughly "explain itself" for refusing to grant Coinbase.'s formal request that the agency write regulations for how the industry should assess whether crypto assets are securities or not, according to a circuit-court ruling on Monday.
Cryptocurrency, Regulation, Law, Finance, SEC
5 points by aspenmayer 4 days ago | 0 comments
Adobe Lightroom's AI Remove feature added a Bitcoin to bird in flight photo (bsky.app)
Adobe Lightroom, AI, Photography, Image Editing, Cryptocurrency
197 points by danso 6 days ago | 105 comments
Mann-E, breakthrough image generation platform with crypto payments (mann-e.com)
Our AI-powered platform helps you create stunning, unique images in seconds. Whether you're an artist, designer, or just looking to explore your creativity, we've got you covered.
Image Generation, Artificial Intelligence, Cryptocurrency
3 points by haghiri 7 days ago | 1 comments
Judge ends man's 11-year quest to dig up landfill and recover $765M in Bitcoin (arstechnica.com)
A British judge ruled against a man who wants to excavate a landfill where he says a hard drive with access to thousands of bitcoins was mistakenly dumped over 11 years ago.
Bitcoin, Lawsuits, Technology, Cryptocurrency
6 points by DamnInteresting 7 days ago | 1 comments
Understanding DOGE as Procurement Capture (anildash.com)
For the last few months, there's been a lot of conversation around the "Department" of Government Efficiency, which is ostensibly an effort at improving government efficency, with a primary narrative being around government spending.
Cryptocurrency, Government, Efficiency
8 points by archagon 12 days ago | 4 comments
The Teenager Who Lived a Secret Double Life as a Millionaire Crypto Bandit (vice.com)
In May 2018, Darren Marble was attending a cryptocurrency conference in New York City when he discovered he had become a victim of a new and financially devastating form of crime.
Cybercrime, Cryptocurrency, Teenagers, Finance
7 points by paulpauper 13 days ago | 2 comments
'Disturbing surge in cryptocurrency fraud' led by young, tech-savvy Nigerian men (studyfinds.org)
SURREY, England — In an eye-opening study that sheds new light on the evolving landscape of digital financial crime, researchers have uncovered a striking pattern in Nigerian cryptocurrency fraud: all convicted perpetrators are male, and nearly two-thirds are under 30 years old.
Cryptocurrency, Fraud, Nigeria, Crime, Demographics
5 points by Brajeshwar 16 days ago | 0 comments
Power company hid illegal crypto mine that may have caused outages (arstechnica.com)
Ahead of a major crackdown on illegal cryptocurrency mines in Russia next year, a power provider in Siberia has been fined for illegally leasing state land that's supposed to be used only for public utilities to an illegal mining operation.
Cryptocurrency, Russia, Energy, Crime
7 points by pseudolus 18 days ago | 2 comments
What would it take for Bitcoin to fail? (ycombinator.com)
Serious question.<p>It has been called dead so many times, but I am beginning to think that due to the network effect, switching costs and increasing rate of adoption it would take a black swan event to take it down.
Cryptocurrency, Bitcoin, Economics, Network Effects
11 points by enether 20 days ago | 45 comments
S Korean crypto-boss Do Kwon to be extradited to US (bbc.com)
South Korean cryptocurrency entrepreneur Do Kwon will be extradited to the United States from Montenegro over the collapse of two digital tokens - TerraUSD and Luna tokens.
Cryptocurrency, South Korea, United States, Extradition
84 points by ceejayoz 21 days ago | 48 comments
Russia bans crypto mining in multiple regions, citing energy concerns (engadget.com)
The Russian government has banned crypto mining in ten regions for a period of six years, according to reporting by the state-owned news agency Tass.
Cryptocurrency, Russia, Energy, Government Regulation
10 points by cratermoon 23 days ago | 2 comments
Man who claims he invented Bitcoin faces prison after filing $1.1T suit (arstechnica.com)
Craig Wright, the man who claims he invented bitcoin and has been filing lawsuits asserting intellectual property rights, was sentenced to a year in prison yesterday for committing contempt of court.
Bitcoin, Lawsuits, Cryptocurrency, Legal Cases
6 points by pseudolus 27 days ago | 0 comments
Escaping Google's manual reputation penalty and resuming business as usual (recleudo.com)
We’ve already seen how Finixio/Clickout’s assets were hit with serious penalties in the days following Google’s algorithm update. I have no idea whether those penalties were manual, or algorithmically applied, though I have a hunch they were manual. But they destroyed the ranking of pages that funnelled, collectively, millions of visits a month into a network of gambling and crypto sites.
SEO, Google Penalties, Gambling, Cryptocurrency, Online Marketing
187 points by fueloil 28 days ago | 38 comments
Saving Nanocap Speculators from Themselves (nyuu.page)
I spent the summer of the 2021 cryptocurrency bull market fascinated by a hive of foolishness and deception: /r/cryptomoonshots (and, to a lesser extent, its analogues on discord and telegram). People’d post a token address (typically Binance Smart Chain (“BSC”), occasionally Ethereum (“Eth”)) along with a pitch or maybe a website and an inducement: “buy right now!”. The (implicit) conceit was “you, the reader, may have ‘missed bitcoin’, and ‘missed dogecoin’, but you can still ‘100x’… by buying my token!”.
Cryptocurrency, Speculation, Investing, Social Media, Decentralized Finance
41 points by apsec112 28 days ago | 15 comments
Craig Wright convicted for repeatedly lying about inventing Bitcoin (bbc.co.uk)
A computer scientist has been found to have committed contempt of court for falsely and persistently claiming to be the mysterious inventor of Bitcoin, Satoshi Nakamoto.
Bitcoin, Law, Technology, Cryptocurrency
9 points by ksangeelee 29 days ago | 1 comments
Cryptocurrency Turns to Cash in Russian Banks (krebsonsecurity.com)
A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which are physically located there.
Cryptocurrency, Cybersecurity, Russia, Financial Crime
13 points by DrZootron 30 days ago | 1 comments
A Single Pudgy Penguins NFT Now Costs More Than a Bitcoin (coindesk.com)
The Pudgy Penguins NFT collection is keeping Web3 hopes afloat in a sea of dead NFT projects and a generally muted collectibles market.
NFTs, Cryptocurrency, Web3, Art Market
4 points by PaulHoule 30 days ago | 2 comments
After twelve years of writing about Bitcoin, here's how my thinking has changed (blogspot.com)
What follows is an essay on how my thinking on bitcoin has changed since I began to write on the topic starting with my first post in October 2012.
Bitcoin, Cryptocurrency, Personal Reflections, Long-Term Trends, Financial Markets
27 points by bookofjoe 30 days ago | 24 comments
Bitcoin would need > 300 days downtime to defend itself from quantum computing (fortune.com)
Bitcoin will need to update its protocol to avoid a quantum computing attack, some computational science experts say.
Bitcoin, Quantum Computing, Cybersecurity, Cryptocurrency, Technology
5 points by crcastle 31 days ago | 1 comments
Crypto Is for Criming – By Paul Krugman (paulkrugman.substack.com)
The tech bros who helped put Trump back in power expect many favors in return; one of the more interesting is their demand that the government intervene to guarantee crypto players the right to a checking account, stopping the “debanking” they claim has hit many of their friends.
Cryptocurrency, Politics, Finance, Regulation
26 points by af78 32 days ago | 5 comments
I Left Norway to Build My Startup (thefp.com)
ZURICH, Switzerland — In the summer of 2018, I co-founded a company called Dune that allows people to easily analyze data from the blockchain—creating transparency in the crypto industry.
Startup, Cryptocurrency, Blockchain, Norway
23 points by noch 33 days ago | 9 comments
Rumble Announces Bitcoin Treasury Strategy – Rumble (rumble.com)
LONGBOAT KEY, Fla., November 25, 2024 – Rumble (NASDAQ:RUM), the video-sharing platform and cloud services provider, announced today that its Board of Directors has approved a corporate treasury diversification strategy of allocating a portion of the company’s excess cash reserves to Bitcoin.
Bitcoin, Finance, Video Streaming, Cryptocurrency, Business
12 points by janandonly 33 days ago | 0 comments
Stablecoins Hit Record $190B Market Cap, Surpassing Pre-Terra Crash Peak: CCData (coindesk.com)
The combined market size of stablecoins hit $190 billion this month for the first time ever, Wednesday's report by digital asset analytics firm CCData noted.
Cryptocurrency, Stablecoins, Finance
7 points by PaulHoule 34 days ago | 0 comments
Trump Confirms Bitcoin Reserve Plans–$15T Price Boom Predicted (forbes.com)
Donald Trump has firmly embraced bitcoin and crypto this year as a leak reveals Russia could be about to start a bitcoin cold war.
Bitcoin, Cryptocurrency, Politics, Economics
10 points by latchkey 34 days ago | 32 comments
Cryptocurrency Turns to Cash in Russian Banks (krebsonsecurity.com)
A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, and cryptocurrency exchanges — none of which are physically located there.
Cryptocurrency, Cybercrime, Russia, Finance
7 points by LinuxBender 34 days ago | 0 comments
The Myth of Bitcoin Liquidity (greyenlightenment.com)
Bitcoin is falling hard again the morning in opposite of the strong or neutral performance of the stock market, the second day of the week this has happened.
Bitcoin, Cryptocurrency, Finance, Markets
3 points by speckx 35 days ago | 1 comments
ETFs holding Bitcoin are now the largest holders, surpassing Satoshi Nakamoto (cnbc.com)
Bitcoin, ETFs, Cryptocurrency, Finance
4 points by lxm 36 days ago | 0 comments
Cambridge Bitcoin Electricity Consumption Index (ccaf.io)
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License
Bitcoin, Cambridge, Energy Consumption, Index, Cryptocurrency
20 points by adrian_mrd 36 days ago | 10 comments