Ethereum/USD Coin Metrics Archives

European Central Bank Says Bitcoin Is On “Road To Irrelevance”

The bitcoin logo displayed on a smartphone with euro banknotes in the background. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank has strongly criticized bitcoins Wednesday, saying the cryptocurrency is on a “path to irrelevance.” In a blog post titled “Bitcoin’s Last Stand,” ECB Director General Ulrich Bindseil and analyst Jürgen Schaff …

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Hackers begin laundering part of $477 million stolen from crypto exchange FTX

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Hackers who stole an estimated $477 million worth of cryptocurrency from collapsed FTX exchange began laundering the funds in bitcoins. This month, after FTX filed for bankruptcy, new CEO John Ray III said that “unauthorized access to certain assets has occurred.” Blockchain analytics firm Elliptic estimates that around $477 million worth of cryptocurrency was stolen …

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