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Bitcoin mining consumes more electricity than most countries, study suggests | Science & Tech News
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Bitcoin mining consumes more electricity than most countries, according to a new report on its damaging environmental impact. Mining is the process by which transactions are added to and validated on the blockchain, the public ledger for cryptocurrencies. Competing miners race to use computers to solve complex mathematical puzzles using extremely powerful hardware – receiving…
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Amateur, billions, Bitcoin, guilty, husband, launder, News, plead, rapper, Science, stolen, Tech, worth
Amateur rapper and her husband plead guilty after trying to launder stolen Bitcoin worth billions | Science & Tech News
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An amateur rapper and her husband have pleaded guilty to attempting to launder stolen Bitcoin. Heather Morgan and Ilya Lichtenstein went to desperate lengths in their attempts to convert billions of dollars worth of cryptocurrency into cash. At the time of their arrest in 2022, the stash of 120,000 Bitcoin was worth $4.5bn (£3.5bn). The…
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Briton pleads guilty to hacking stars’ Twitter accounts to steal Bitcoin | Science & Tech News
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A British man has pleaded guilty to hacking Twitter accounts – including Barack Obama, Kim Kardashian and Elon Musk – in a bid to con people out of Bitcoin. Joseph O’Connor, 23, also admitted other hacking schemes, cyberstalking a young victim, and money laundering charges. He was extradited from Spain to New York last month…
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Bitcoin suffers briefly after Tesla sells majority of its holdings | Business News
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Bitcoin lost half-a-percent overnight after Tesla said it had sold about 75% of its holdings of the virtual token. The world’s largest cryptocurrency slid to $23,268.92 (£19,489) after the news, although it rebounded later and was last up 1.41% at $23,578.75. Tesla bought $1.5bn (£1.2bn) of bitcoin more than a year ago, but on Wednesday…