The Verge's Bitcoin News

Most recent stories in The Verge's Bitcoin News

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  The Verge

  

  UK court calls man claiming to have invented Bitcoin a liar

  The Verge - Jess Weatherbed

  A UK judge says there is ‘overwhelming’ evidence indicating that Craig Wright is not the mysterious Bitcoin creator Satoshi Nakamoto. Australian computer scientist Craig Wright lied “extensively and repeatedly” to courts and committed forgery “on a grand scale” in efforts to falsely claim that he …

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  UnitedHealth CEO admits it paid $22 million ransom to BlackCat

  The Verge - Gaby Del Valle

  ‘This was one of the hardest decisions I’ve ever had to make,’ CEO Andrew Witty said in a Senate hearing on Wednesday. Health insurance provider UnitedHealth paid a multimillion-dollar ransom to hackers who broke into one of its subsidiaries, disrupting healthcare providers across the country for …

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  The Verge

  

  Sam Bankman-Fried sentenced to 25 years for FTX fraud

  The Verge - Elizabeth Lopatto

  The co-founder and CEO of FTX has been sentenced. FTX co-founder Sam Bankman-Fried was sentenced to a total of 300 months, or 25 years, in prison for seven counts of conspiracy and fraud charges stemming from the collapse of the crypto exchange he started. The judge applied a 240-month sentence for …

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  The Verge

  

  Can Bitcoin mining really support renewable energy?

  The Verge - Justine Calma

  Researchers have looked for ways to use Bitcoin as a way to boost renewable energy. The real world is much more complicated. A new study finds that Bitcoin mining paired with green hydrogen could help speed up a transition to clean energy — an eyebrow-raising claim, considering strong evidence that …

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  The Verge

  

  Block’s new crypto wallet can only be purchased with real cash

  The Verge - Emma Roth

  Jack Dorsey’s rock-like wallet costs $150 and stores Bitcoin. Block, the Jack Dorsey-led payment company, has released its long-in-the-works Bitcoin hardware wallet — but you can’t use cryptocurrency to buy it. You can only purchase the $150 Bitkey wallet with your credit or debit card, a sign that …

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  The Verge

  

  Crypto mines will have to start reporting their energy use in the US

  The Verge - Justine Calma

  A survey of crypto mines’ electricity consumption in the US is set to start next week. The US Department of Energy (DOE) will begin collecting data on crypto mines’ electricity use, following criticism from environmental advocates over how energy-hungry those operations are. “We will specifically …