Europe’s ‘biggest ever’ LSD bust nets more than $5 million in seized cryptocurrency

Not cool.  A combined task force of the Spanish Guardia Civil, the Austrian Federal Police, and Europol yesterday announced what they’re calling “Europe’s biggest ever LSD bust” and oh man in unrelated news I totally need to rethink my July 4 plans to just sit back and stare at fireworks

Korean crypto exchange Bithumb says it lost over $30M following a hack

Just weeks after Korean crypto exchange Coinrail lost $40 million through an alleged hack, another in the crypto-mad country — Bithumb — has claimed hackers made off with over $30 million in cryptocurrency. Coinrail may be one of Korea’s smaller exchanges, but Bithumb is far larger. The exchange is one

2018 VC investment into crypto startups set to surpass 2017 tally

Jason Rowley Contributor Those dramatic price swings write headlines. And the media, Crunchbase News included, has not been shy in covering bitcoin’s ups and downs. The hype around ICOs is understandable, as well, given that market’s velocity, eye-popping market capitalizations and titillating if unfortunate stories of theft and subterfuge. But the comparatively quiet and

Self-Proclaimed Bitcoin Inventor Accused of Swindling $5 Billion of Cryptocurrency

Craig Wright, the self-proclaimed inventor of bitcoin, is accused of swindling more than $5 billion worth of the cryptocurrency and other assets from the estate of a computer-security expert. Wright, who claimed in 2016 that he created the computer-based currency under the pseudonym Satoshi ‎Nakamoto, allegedly schemed to use phony

The Crypto Candidate for Congress

Over the past year, Bitcoin’s meteoric rise—and recent plunge—has captivated the financial world. The political world? Not so much. Washington remains stubbornly ignorant of cryptocurrency and Broadcom to Amazon, Fortress Investment Group; Brad Burnham of Winklevoss, who founded the Gemini cryptocurrency exchange. “Brian understands the power of emerging technologies and

Cryptocurrencies Are Selling Off

Bitcoin slumped, dragging down smaller rivals such as ether and litecoin, as concerns that regulators will tighten their grip on the market weigh on the the world’s largest cryptocurrency. Regulators in China and South Korea are increasing oversight on cryptocurrency trading and mining, while the U.S. Securities and Exchange Commission

Ethereum and Ripple reach new all-time highs while Bitcoin stagnates

Image: shutterstock Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. It’s another green day in the world of cryptocurrencies, with all of the ten largest coins rising significantly in value in the last

Ripple is now the second largest cryptocurrency, behind Bitcoin

Image: Wit Olszewski/shutterstock After a period of tremendous growth, the banking-oriented cryptocurrency Ripple has overtaken Ethereum and is currently the second largest coin in terms of market cap behind Bitcoin.  Ripple’s price rose 42.7 percent in the last 24 hours alone according to CoinMarketCap, with its market cap surging to

Bitcoin Dips Below $14,000 as South Korea Eyes Fresh Regulations

Bitcoin resumed its slide Thursday, dipping below $14,000 as the cryptocurrency’s dizzying drop from a record set 10 days ago intensified. The latest blow to the world’s biggest cryptocurrency came from South Korea, where the government said it was eyeing options for stamping out a What the World’s Central Banks Are