"Honestly, cryptocurrencies are useless."

Did a crypto CEO fake his own death? The great Quadriga conspiracy, day 6

L'Affaire Blockchain

Did Gerald Cotten fake his own death to abscond with $190 million in crypto? Here's our roundup of the latest news about the blockchain debacle.

Did a Crypto CEO Fake His Own Death? The Great Quadriga Conspiracy, Day 6

The drama continues.

One clear takeaway from the unfolding story: it's yet another cautionary tale about the regulatory vacuum in the cryptocurrency industry.

Did a crypto CEO fake his own death to abscond with $190 million?

Quadriga Quandary

Now the drama is escalating, with some observers suggesting that QuadrigaCX CEO Gerald Cotten faked his own death to abscond with a pile of digital cash.

Did a Crypto CEO Fake His Own Death to Abscond With $190 Million?

A rival CEO called the death "bizarre and, frankly, unbelievable."

Crypto site loses $137 million in dead founder's encrypted wallet

Shell Game

The founder of a crypto exchange, QuadrigaCX recently died, and his widow claims that the company's Bitcoin reserves are now stuck in an encrypted wallet.

Crypto Site Loses $137 Million in Dead Founder’s Encrypted Wallet

Take this to your grave.

That's over half of all cryptocurrency ever stolen, according to public records.

Two hacker groups pilfered $1 billion worth of cryptocurrency

Crypto Hacking

According to a cryptocurrency security firm only two prominent hacker groups were responsible for stealing "around $1 billion" in cryptocurrency.

Two Hacker Groups Pilfered $1 Billion Worth of Cryptocurrency

And they're still at large.

JPMorgan analysts think Bitcoin could drop even further in value.

Analysts: Bitcoin mining costs more than its worth

In the Trenches

Analysts with JPMorgan Chase & Co. found that the cost of mining a single Bitcoin outweighed the actual value of the Bitcoin itself

Analysts: Bitcoin Mining Costs More Than Its Worth

Unless you're a low-cost Bitcoin miner in China.

The idea is part of an ironic trend: banks want to leverage a technology that was invented to take power away from financial institutions.

A new Bank of America patent describes blockchain-powered ATMs

Boosting Engagement

A newly-published patent grants Bank of America the rights to blockchain-powered ATMs and "ATM as a service" platforms to cut costs boost engagement.

A New Bank of America Patent Describes Blockchain-Powered ATMs

BofA can now build a distributed "ATM as a service" platform.

Tensions are already high between the two countries.

The U.S. challenges Iran's attempt to develop a cryptocurrency

Iran Crypto

Congress just introduced a bill calling for sanctions against Iran's efforts to develop its own national cryptocurrency.

The U.S. Challenges Iran’s Attempt to Develop a Cryptocurrency

According to the U.S., entering the crypto space would let Iran dodge sanctions.

WhatsApp users will need to trust not just Facebook but the stability of cryptocurrency.

Facebook is reportedly creating its own cryptrocurrency

WhatsApp Crypto

Bloomberg reports that Facebook may be working on creating its own cryptocurrency in the form of a stablecoin for WhatsApp users.

Facebook is Reportedly Creating Its Own Cryptocurrency

A WhatsApp stablecoin could allow users to send money abroad using crypto.

It's a dark testament to the power of online anonymity.

Scammers sent hoax bomb threats worldwide demanding Bitcoin

Bomb Threats

This week, scammers have started emailing hoax bomb threats to schools and hospitals, demanding bitcoin payments in exchange for not setting off explosives.

Scammers Sent Hoax Bomb Threats Worldwide Demanding Bitcoin

Email: "If you are late with the transaction, the bomb will explode."

It's going to corner the market of people who regularly use VR and blockchain tech and...

A new VC fund is bankrolling virtual products in a simulated world

Decentraland

Digital Currency Group's new branch, Metaverse Ventures, will invest exclusively in Decentraland startups that develop products for the VR blockchain world.

/Blocknik