Author: Penny White

Cornell Economist Says Bitcoin Has 3 Flaws Driving People to Search for Better Alternatives

The European government has proceeded this week to obstruct actions of this Iran Blockchain Association, the Financial Tribune industry daily reported Sunday. Even the Ministry of Interior prohibited the dominant crypto industry business following a variety of accusations such as that the IBA was working contrary to its articles of association. According to a note…

EXCLUSIVE El Salvador bitcoin transfers soar, but still a fraction of dollar remittances

Little transfers of bitcoin into El Salvador jumped four-fold from May in the year ago but still represent a tiny amount compared to remittances delivered in bucks, information shared with Reuters revealed. The Central American nation last week became the first nation to embrace bitcoin as legal tender, and together with President Nayib Bukele touting…

DOJ says ‘millions of dollars of bitcoin’ reclaimed from ransom paid to Colonial Pipeline hackers

Even the Justice Department, together with other national government, on Monday stated that the vast majority of the ransomware Colonial Pipeline Co. compensated to hackers past month was recaptured. During a news conference, Deputy Attorney General Lisa Monaco said federal investigators captured 64 bitcoin, valued at about $2.3 million, which were supposedly the profits from…