Crypto

As an agent on the IRS’s cyber investigations team, Chris Janczewski led some of the government’s biggest crypto busts, including the takedown of a major child exploitation site and the seizure of much of the $4.5 billion of bitcoin stolen during the 2016 Bitfinex hack. Those busts helped Janczewski make the jump to the private sector a few months ago. He’s now the head of investigations at a private crypto intelligence firm called TRM Labs, which, among other things, focuses on detecting illicit crypto transactions.…

President of El Salvador, Nayib Bukele, gestures during his speech at the closing ceremony of the Latin Bitcoin conference (LaBitConf) at Mizata Beach, El Salvador, where he announced "Bitcoin City", on November 20, 2021.Marvin Recinos | AFP | Getty ImagesEl Salvador just added another $15.5 million worth of bitcoin to its balance sheet, as the world's most popular cryptocurrency continues its sell-off.In a tweet on Monday, President Nayib Bukele revealed that the country bought the dip, adding another 500 bitcoin to…

The Lite Hash Rate (LHR) algorithm that limits the crypto mining performance of certain Nvidia RTX 30 graphics cards has been completely cracked. NiceHash confirmed they’ve developed a workaround that allows you to mine the Ethereum coin on GPUs without any of the limitations imposed by Nvidia. Getty Images As reported by Tom’s Hardware, NiceHash is the company behind the QuickMiner software and Excavator miner. Other individuals and groups have naturally tried to evade the LHR cap on Nvidia GPUs with their own…

The U.S. Securities and Exchange Commission (SEC) has fined Nvidia $5.5 million for allegedly failing to disclose the influence crypto mining had on its GPU sales during 2018. The agency said it settled charges against Nvidia “for inadequate disclosures concerning the impact of cryptomining on the company’s gaming business.” A cryptocurrency miner attached to a laptop Getty Images That said, although Team Green agreed to a cease-and-desist order and the fine itself, the SEC said the company is doing so “without…

The decline of bitcoin, the world’s largest cryptocurrency, mirrored the slide of the overall stock market. Photo: Kin Cheung/Associated Press…

In times of crisis, there is no good; there’s only a best course of action, given the circumstances. Is crypto good in the context of Russia’s invasion of Ukraine? Is it bad? Neutral? It’s a hard question to answer. Cryptocurrency is now a more mainstream part of the global financial system, which means that — for better or for worse — it’s inevitably a part of international conflict, too. This is on full display as Russian forces invade Ukraine. Some Ukrainians are also turning to crypto as an alternative to…

The US Treasury Department announced on Friday that it’s sanctioning Blender.io, essentially cutting the Bitcoin mixer off from the US financial system (legally speaking, anyway). The department alleges that the service, which lets people obfuscate the record usually kept by the blockchain, was used by North Korea to “support its malicious cyber activities and money-laundering of stolen virtual currency.” According to the Treasury’s press release, Blender.io was used by the Lazarus hacking group to launder $20.5…

Nvidia will pay $5.5 million to settle charges from the United States Securities and Exchange Commission (SEC) that the company's disclosures regarding the effect of cryptomining on its gaming arm were insufficient.The SEC order states that Nvidia "failed to disclose... that cryptomining was a significant factor in year-over-year growth in the company's gaming revenue" during consecutive quarters in its 2018 fiscal year. In Forms-10Q for that year, the SEC charges that Nvidia's reports of "material growth" in its gaming…

Nvidia will pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners. The US Securities and Exchange Commission announced the charges and a settlement with the company today. Its order claims Nvidia misled investors by reporting a huge boost in revenue related to “gaming,” hiding how much its success relied on the far more volatile crypto market. Nvidia isn’t admitting to wrongdoing as part of the settlement, but it agrees to stop any unlawful…

Bitcoin fell sharply after a sell-off of major U.S. stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index.Luke MacGregor  | Bloomberg | Getty ImagesBitcoin cratered on Thursday as a major stock sell-off in the U.S. spooked the cryptocurrency market.Bitcoin was down more than 8% at $36,251.50 on Friday around 4:03 a.m. ET, according to CoinDesk data. On Thursday, bitcoin dipped below $36,000 before paring some of those losses.Other cryptocurrencies including ether and XRP were also…