Plattsburgh, a small town in the U.S with a population of 20,000, may be seeing a temporary ban on Bitcoin mining while the city figures out what to do with their energy problem. 10% of the city's electricity is being used on Bitcoin operations.
Craig Wright, who claimed to be the creator of Bitcoin in early 2016, is now being sued for over 1 million bitcoins — currently at a net worth of over $10 billion. The lawsuit was filed in the state of Florida, on February 14th of this year.
A new game 'MonteCrypto: The Bitcoin Enigma" is releasing on Steam tomorrow, February 20th, with a huge treasure hunt: The first to beat the game will receive one bitcoin, which is currently valued at over $11,000 USD. The game is puzzle-oriented.
A security exploit developed by the NSA last year, which was leaked by hackers resulting in the WannaCry crisis, is now being used to mine cryptocurrency, and according to experts the number of infections is rising. Read more here.
A Bitcoin exchange was jeopardized when three armed men entered their offices in Canada. They failed to obtain any cryptocurrency, and one of the suspects has been captured. Cryptocurrency value has been surging, becoming attractive to criminals.
The SEC chairman will announce today that he is 'open' to the regulation of Bitcoin and other cryptocurrencies. The wild-west nature of the market has led to the proliferation of bad actors, and regulation is one tool that can protect consumers.
While Facebook may have banned cryptocurrency ads last week, bad actors are trying to bypass the ban. By substituting characters with similar looking substitutes, ads are able to evade some of the social network's safeguards while fooling users.