Bitcoin topped $20,000 on Tuesday, hitting its highest level in the more than a week, but is still struggling to break out of its tight trading range. The world’s largest cryptocurrency was more than 6% higher at $20,193.90 at around 7:14 a.m. ET, according to data from CoinDesk.

South Korea is making efforts to freeze around $67 million in bitcoin linked to Terraform Labs founder Do Kwon, according to Bloomberg. The move comes just days after Interpol issued a red notice to find and arrest Kwon, suspected of violating South Korea’s financial laws.

Having covered Web3 for almost a year, I should have known that “crypto,” “DAO,” “DeFi,” “blockchain” and other terms associated with the future of the

Interpol has issued a red notice for Do Kwon, requesting law enforcement agencies worldwide to search and arrest the Terraform Labs founder whose blockchain startup collapsed earlier this year. The collapse of Terra cryptocurrency (Luna) and the so-called stablecoin TerraUSD (UST) wiped out investors’ $40 billion, prompting an uproar that caused the prosecutors to launch investigations into Kwon and his colleagues. He faces charges in South Korea, the prosecutors said Monday.

A circular bitcoin economy in Guatemala is using resources that would otherwise be wasted to fuel a local bitcoin mining operation, giving its resident financial autonomy and demonstrating a viable economic path outside of the government-controlled economy.

Craig Wright told a Norwegian court on Wednesday that he “stomped on the hard drive” that contained the “key slices” required to grant him access to Satoshi Nakamoto’s private keys, making it “incredibly difficult” to cryptographically prove he is the creator of Bitcoin – a title he has claimed but failed to prove since 2016.

As Ethereum completes its transition to proof-of-stake consensus, I can’t help but notice the plethora of articles citing a 99% reduction in energy usage. The claims, however true, are misguided and counterproductive.

Expect a glut of used cards to show up on eBay soon.

Ethereum replaces proof-of-work with proof-of-stake, making miners unnecessary.

Ethereum, the second-largest cryptocurrency, has switched to proof-of-stake, cutting its energy demands. The transition, which has been in the works since 2016, won’t change much for the average Ethereum user, but it sidelines miners. The switchover began on September 6th, when the Bellatrix upgrade was activated. It is now complete after the mining of the Terminal Total Difficulty block, which triggered the Paris upgrade. The technical part is done; now, we get to see what happens.

People who thought that bitcoins could serve as either an investment vehicle or an alternative world currency got their heads handed to them on Thursday and Friday. That’s when the price of the attention-grabbing crypto-currency got crushed, falling from a quoted $1,200 per “coin” to less than $600. At this writing, it’s quoted on the Mt. Gox exchange at about $830.

Sometimes I forget how slow things are in the „real“ world. I’m sure many of you will remember the good old days of 2017 when we were told that „everything will be tokenized“. Well, five years later, not many people in „crypto“ still stick to that line. But when you talk to bankers, they still just love the idea. Gives them something to do. A project. Something to work on for a few years. Real estate on the blockchain, stocks on the blockchain, bananas on the blockchain.

El Salvador placed a big bet on bitcoin exactly a year ago, making it an official legal tender alongside the U.S. dollar and filling its coffers with the cryptocurrency in a series of purchases. However, the country appears to be facing significant losses related to its bitcoin buys, at least on paper.

Nigeria wants to create a virtual free zone for cryptos and wants to be inspired by that of Dubai, with the help of the Binance company.

Since it was created in 2009 by the pseudonymous Satoshi Nakomoto, Bitcoin has become increasingly popular and valuable, garnering worldwide attention. In April 2021, Bitcoin’s market capitalization crossed the $1 trillion mark, making it a more attractive investment option for many when compared to gold. However, there are underlying principles that determine what constitutes money in an economy. Can we use mangoes as currency? No, it lacks some critical elements that are necessary to establish the value of an asset.

In the beginning, Satoshi created bitcoinBTC. And he said, “Let there be blockchain,” and there was blockchain. A dozen years is an epoch in tech, and since the Bitcoin network's genesis, a lot has changed in the world of crypto. From a Cambrian-style explosion of altcoins to smart contracts and decentralized finance, on-chain innovations have left Bitcoin looking antiquated.

The Los Angeles Lakers arena sponsoring and Matt Damon-endorsed cryptocurrency exchange Crypto.com accidentally transferred $10.5 million AUD (~$7.2 million USD) to an Australian customer instead of issuing a standard $100 AUD (~$68 USD) due to a pretty unfortunate typo. According to Australian news outlet 7News (via CoinTelegraph), the exchange didn’t even notice the error until seven months later, and by that time, a portion of the money was already gone.

Bias is trending towards ever lower levels for Bitcoin after BTC price performance fails to preserve $20,000 at the August close. Bitcoin (BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%.

Crypto currency miners are accelerating their push to expand in Texas far beyond what authorities had initially expected, threatening to send the state’s electricity use skyrocketing. Enough miners have applied to connect to Texas’s power grid to use up to 33 gigawatts of electricity, the Electric Reliability Council of Texas, which runs the system, said in an email Friday.

Bitcoin supply aged one week to one month has now dropped to the historical low. Short-term buying appears to be decreasing in the BTC market