A cryptocurrency investor accused a teen hacker and his crew of juvenile hackers for stealing $24 million in cryptocurrency via a SIM swap attack. According to a lawsuit filed in federal court in New York, Michael Terpin, the founder and CEO of blockchain advisory firm Transform Group, claimed that a teenage hacker Ellis Pinksy (aged 15), along with his group of teen hackers, compromised his phone and stolen his cryptocurrency in 2018. Terpin is suing Pinsky (now aged 18) for $71 million under a federal racketeering law that allows for triple damages, Bloomberg reported.

Pinsky and his other cohorts are in fact evil computer geniuses with sociopathic traits who heartlessly ruin their innocent victims lives and gleefully boast of their multi-million-dollar heists, Terpin said in his complaint.

Terpin stated that Pinskys group identified people with cryptocurrency holdings and illicitly took control of their phones by launching SIM swapping attack to divert authentication messages, gain information, and breach victims cryptocurrency accounts.

What Is a SIM Swapping Attack?

A SIM swapping attack is one of the simplest ways for cybercriminals to bypass users 2FA protection. In a SIM swap attack, the attacker calls service providers and tricks them into changing a victims phone number to an attacker-controlled SIM card. This allows the attacker to reset passwords and gain access to victims sensitive data.

In a similar cyber heist, Jack Monroe, a popular food blogger and activist, revealed that she lost about 5,000 (around US$ 6,395) from her bank account after being hit by a SIM-Swapping attack. The British-based writer stated that her phone number was seized and re-activated on another SIM card, despite using two-factor authentication (2FA). Monroe stated the attackers were able to receive her 2FA messages and accessed her bank and payment accounts.

It seems my card details and PayPal info were lifted from an online transaction. The phone number was ported to a new SIM, meaning criminals access/bypass authentication and authorize payments. Im an autistic, methodical, ruthless investigator, and I have a LOT of info to go on, Jack Monroe said.

Original post:
Teen Hackers Accused of Cryptocurrency Theft, Sued For $71 Mn - CISO MAG

Crime And Courts

PORTLAND, Ore. (KTVZ) -- This week, the Oregon FBIs Tech Tuesday segment discusses building a digital defense againstcryptocurrencyscams.

Fraudsters are leveraging increased fear and uncertainty during the COVID-19 pandemic to steal your money and launder it through the complex cryptocurrency ecosystem.

Developments in technology and an increasing number of businesses accepting it as payment have driven the growing popularity and accessibility of cryptocurrency. There are numerous virtual asset service providers online as well asthousands of cryptocurrency kiosks located throughout the world whichcriminals exploitto facilitate their schemes.

Here are somecryptocurrency fraud schemes related to COVID-19:

A number oflegitimate charities, investment platforms, and e-commerce sites accept payment in cryptocurrency these days. But, if a person or organization is pressuring you to use a virtual currency, you should consider that a red flag and proceed cautiously.

Here are someotherwaystoprotect yourself fromcryptocurrencyfraud:

As always, if you have been victimized by a cyber fraud, you can report it to the FBIs Internet Crime Complaint Center at http://www.IC3.gov.

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Original post:
Oregon FBI's Tech Tuesday: COVID-19 and cryptocurrency scams - KTVZ

INDONESIAN cryptocurrency exchange Tokocrypto has received an undisclosed investment from Binance, the global cryptocurrency exchange backed by Singapore venture firm Vertex Ventures.

Tokocrypto will use the fresh capital to hire new talent in areas including senior-level management, marketing and customer support, adding to its current headcount of 42 employees, the startup's chief executive Pang Xue Kai told The Business Times.

The funds will also be used to launch new products, enhance technology, and to launch blockchain education initiatives in the region. "We are also using these funds to set up remote offices in different parts of Indonesia As of now, our plans are to remain in Indonesia and to tap this market," he said.

The crypto buzz may have largely fizzled out from its heyday in 2018, but Mr Pang thinks that Tokocrypto still has a role to play in facilitating continued trading in Bitcoin and other cryptocurrencies in the Indonesian market.

The two-year-old startup earns revenue from charging fees for the transactions. Tokocrypto's average daily transaction volume currently stands at about US$700,000, Mr Pang said. The startup had been on the lookout for strategic investors and found the right fit with Binance. It previously raised seed funding from Singapore digital asset trading firm QCP Capital.

"This partnership is something that will be very beneficial for Tokocrypto. Binance has the technical expertise and we will be leveraging on that, so that we can protect our customers' assets with a very high level of confidence," he added.

One of the major challenges that crypto exchanges have faced is in cybersecurity. Binance, which is one of the largest exchanges by trading volume, had US$40 million worth of Bitcoin stolen by hackers in 2019.

Acknowledging the importance of preventing hacks, Mr Pang said that Tokocrypto is focused on investing in both internal and external processes, such as using "cold wallets", or wallets that are completely offline, for safe storage of cryptocurrencies.

In a press release, Binance chief executive Zhao Changpeng said: "Our investment in Tokocrypto will allow us to explore exciting new opportunities together for the Indonesian market with a regulated local partner to further enable the freedom of money."

Continued here:
Binance invests in Indonesian cryptocurrency exchange Tokocrypto - Business Times

NEW YORK, May 12, 2020 /PRNewswire/ --Voyager Digital Canada, Ltd. ("Voyager" or the "Company") (CSE:VYGR; OTCQB:VYGVF; FRA:UCD2), a public, licensed crypto-asset broker that provides investors with a turnkey solution to trade crypto assets, today announced that it has partnered with Silver Cost Basis ("Silver"), a leading provider of regulatory cost basis processing solutions, to deliver year-end cryptocurrency gain/loss statements to its customers. The partnership enhances Voyager's already outstanding client experience by providing investors and traders with gain/loss information for use in preparing accurate tax returns.

"Silver's cryptocurrency cost basis processing solution further extends our user experience by providing real-time gain/loss analysis and fully compliant investor tax information that otherwise, may or may not have been realized," explains Steve Ehrlich, CEO and co-founder of Voyager Digital. "Our integration with Silver helps Voyager to continue to deliver on our goal to offer a fully transparent crypto trading platform that puts the customer first."

For more than a decade, Silver has been recognized for its industry-leading regulatory securities cost basis processing solutions. Building on its proven track record of compliance and innovation, Silver has emerged as the leader in the cryptocurrency cost basis space. Silver Cost Basis applies regulatory treatment for cryptocurrency activity under established taxation rules and guidance, including Notice 2014-21 and the more recent Revenue Ruling 2019-24 and updated FAQs. The Company previously announced that it had partnered with Voyager to provide cryptocurrency cost basis tax analysis and processing for Voyager customers.

"Customer gain/loss statements provide the information needed for cryptocurrency traders to accurately complete their Forms 8949 and 1040, and can even be attached to tax returns," said Neal Ruskin, Silver's Managing Partner responsible for product strategy. "By providing statements to their customers in advance of regulatory requirements, Voyager is setting the standard for transparent reporting in the cryptocurrency space."

Earlier this year, Voyager announced that it has acquired Circle Invest, the retail digital asset business from Circle Internet Financial, Inc. This transaction added more than 40,000 retail accounts to Voyager's customer base, making it one of the largest, digital-asset-only agency brokers in the U.S. As of February 29, 2020, the Company is servicing over 200,000 global users across its platforms.

About Voyager Digital (Canada)Ltd.

Voyager Digital (Canada) Ltd. is a crypto-asset broker that provides retail and institutional investors with a turnkey solution to trade crypto assets. Voyager offers customers best execution and safe custody on a wide choice of popular crypto-assets. Voyager was founded by established Wall Street and Silicon Valley entrepreneurs who teamed to bring a better, more transparent and cost-efficient alternative for trading crypto-assets to the marketplace. Please visit us athttps://www.investvoyager.com for more information and to review the latest Corporate Presentation.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has either approved or disapproved of the contents of this press release.

Cautionary Statement Regarding Forward-Looking Information: The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

About Silver Management Group of Companies

Silver is a leading provider of business and technology solutions for the investment services industry. The Silver team applies decades of security industry and software development experience, along with a passion for solving real-world problems, to deliver cost-effective brokerage operations and wealth management solutions for our clients. Silver's strategic partners provide complementary services, software, and market data to enhance Silver solutions. Silver's proprietary software solutions are currently used by some of the world's most respected financial institutions to process tens of millions of investment accounts and trillions in assets. Please visit http://www.silvermanagement.com/

Contacts

Voyager Digital (Canada) Ltd. Contacts

Media:Anthony Feldman / Raquel Cona(347) 487-6194 / (212) 682-6300afeldman@kcsa.com / rcona@kcsa.com

Investor Relations:Phil Carlson / Scott Eckstein(212) 896-1233 / (212) 896-1210pcarlson@kcsa.com / seckstein@kcsa.com

Silver Management Group of Companies Contacts

Media:Stephen Lach(800) 319-6865slach@silvermanagement.com

View original post here:
Voyager Digital Partners with Silver Cost Basis to Deliver Comprehensive Year-end Cryptocurrency Gain/Loss Statements in Advance of Regulatory...

The latest market intelligence study on Cryptocurrency relies on the statistics derived from both primary and secondary research to present insights pertaining to the forecasting model, opportunities, and competitive landscape of Cryptocurrency market for the forecast period.

Crypto currency is a digital mode of exchange similar to the usual currencies like Dollars, Pound, and Rupee. However, these are specifically designed to fulfil the motive of exchanging digital information via process enabled by assured ethics of cryptography.

The report aims to provide an overview of Global Crypto Currency Market along with detailed segmentation of market by type and five major geographical regions. Global Crypto Currency market is expected to witness growth during the forecast period due to rising adaption of novel payment mechanisms by protuberant organizations.

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The Major Market Player Included in This Report are:

Crypto Currency market are Coinbase, Litecoin, Poloniex, Coinsecure, ZEB IT Services, Unocoin Technologies, Ripple, OKEX Fintech Company, Bitfinex, and BitFury, among others.

Scope of the Report:

The research on the Cryptocurrency market concentrates on extracting valuable data on swelling investment pockets, significant growth opportunities, and major market vendors to help understand business owners what their competitors are doing best to stay ahead in the competition. The research also segments the Cryptocurrency market on the basis of end-user, product type, application, and demography for the forecast period 20202027. Detailed analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, which include charts, tables, and info graphics.

For more clarity on the real potential of the Cryptocurrency market for the forecast period 20202027, the study provides vital intelligence on major opportunities, threats, and challenges posed by the industry. Additionally, a strong emphasis is laid on the weaknesses and strengths of a few prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, as well as marketing professionals and business analysts make a profitable decision to reduce cost and increase their customer base.

Geographically, this report focuses on product sales, value, market share, and growth opportunity in key regions such as United States, Europe, China, Japan, Southeast Asia, and India.

Our reports will help clients solve the following issues:

Insecurity about the future:

Our research and insights help our clients anticipate upcoming revenue compartments and growth ranges. This helps our client invest or divest their assets.

Understanding market opinions:

It is extremely vital to have an impartial understanding of market opinions for a strategy. Our insights provide a keen view on the market sentiment. We keep this reconnaissance by engaging with Key Opinion Leaders of a value chain of each industry we track.

Understanding the most reliable investment centers:

Our research ranks investment centers of market by considering their future demands, returns, and profit margins. Our clients can focus on most prominent investment centers by procuring our market research.

Evaluating potential business partners:

Our research and insights help our clients in identifying compatible business partners.

Interested in purchasing this Report? Click here @: https://www.premiummarketinsights.com/buy/TIP00001280

The research provides answers to the following key questions:

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Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider.

Read this article:
Cryptocurrency Market Research Report 2020, Technology Development, Key Players and Competitor Analysis and Share Analysis - Cole of Duty

It hasnt been long since bitcoin broke the ground in 2009, turning the monetary landscape upside down. With its decentralized nature and exceptional privacy, cryptocurrency quickly became popular among young people trying to make quick money.

As interesting as it is for tech and financial experts alike, theres no way around the harsh truth thats often swiped under the rug while discussing crypto: it damages the environment and the communities where its mined.

There has been extensive research done on the disruptive effects of cryptocurrency on the financial market, however, fewer people have highlighted the environmental damage that it causes along the way.

What is crypto mining?

In order to maximize their profits, crypto miners always try to seek out places with low-cost electricity and weak environmental policies, ultimately creating hazards for the environments and impact local populations without benefitting the communities.

The way the crypto miners produce currency is through an energy-intensive process requiring vast computing resources. According to recent estimates, over the course of a year, cryptocurrency consumes around 64 TWh (terawatt hours) of energy. Ranking it on top of the country of Switzerland by energy consumption, which 58 TWh per year.

As financial technologies become more and more accessible, ultimately making our lives much easier, there are certain aspects of fintech that create lasting damage to human health and the environment around us. Some activities that were once only a prerogative of the privileged few, like foreign exchange trading, are now accessible for everyone with a smartphone. This mobile trading FX brokers list shows just how much more accessible it is for virtually anyone to get involved in the foreign exchange market. With the increased accessibility to both FX, crypto, and other interesting new financial technologies, there should also be an increased awareness of the potential damaging side-effects that they might entail.

Due to its decentralized control, most cryptocurrencies have emerged from the grassroots communities, rather being corporate or government managed. To put it simplistically, cryptocurrencies are generated by using computers to solve puzzles that are stored in a blockchain, which are accessible on a decentralized database.

The difficulty of the puzzles increases proportionally to the number of miners competing to unlock bitcoins. In order to continuously solve the algorithms, mining servers require a tremendous source of energy. Ultimately, if the energy expense of mining exceeds the income from the currency produced, there is no more motivation to continue mining, which also significantly undermines the infrastructure that validates its monetary value.

In practice, this means that the possibility of profiting from mining cryptocurrency rises with the more powerful computer, faster internet connection, and the cheaper infrastructural services, such as electricity.

The damaging environmental impact of crypto mining

Despite its digital nature, the impact that cryptocurrency has on the physical environment and the welfare of communities where its mined cant be ignored.

With each cryptocurrency, the rising electricity requirements to produce a single coin can lead to an almost inevitable cliff of negative net social benefit, states a recent study about the monetary price of health and air quality impacts of cryptocurrencies.

Researchers claim that although mining activities produce financial value, electricity use creates crypto damage a term coined to illustrate the effects of digital exchange on human health and the environment.

There are ongoing debates on the exact extent of the impact that mining has on the environment. Even though it is agreed upon that crypto mining damages the environment, the impacts are markedly higher in places where the mining is dependent on dirty energy sources, such as the coal-fueled crypto mines in Mongolia. Coal energy sources offer prices that are 30% cheaper than the average energy consumption rates for industrial firms. With that being said, any cryptocurrency mined in China will produce four times as much CO2 pollution as the volume produced by renewable energy sources in Canada.

Sustainable way forward

With the growing popularity of cryptocurrency, as demonstrated by it entering more mainstream markets and being embraced by traditional financial institutions, we can surely foresee that crypto isnt going to go anywhere anytime soon. With the damage that it currently does to the environment, its also evident that its not sustainable, for now.

There are several promising figures that show a sustainable way of going forward with the crypto mining industry.

Recent figures show that crypto-mining facilities are looking into subsidizing the development of renewable energy resources in order to seek the cheapest resource to optimize the consumption value. The relationship between renewable energy and crypto-mining is well demonstrated in the bitcoin mining operations in China. The provinces hosting the most crypto-mining facilities correlate with the ones producing energy with renewable resources.

80% of Chinas bitcoin mining operations were based in Sichuan in 2017 a province that generated approximately 90% of its energy production from renewable resources, thereby accounting for 43% of global Bitcoin mining operations at the time.

The profitability of cryptocurrency mining is heavily dependent on its market value coupled with the price of electricity. If the value of a cryptocurrency decreases and goes below its cost of production, mining becomes unprofitable due to the large costs of the energy it needs. The most well-off crypto-miners work at the lowest cost by accessing the cheapest electricity capable of achieving intense use. As a result, miners are finding inexpensive energy markets while taking advantage of policy conditions that do not control how energy can be consumed.

Going forward, the crypto industry can become more sustainable if it commits to using renewable, clean energy in order to sustain itself. As the statistics show, in the long run, renewable energy is the future of electricity consumption. Utilizing the low-cost nature, crypto miners have an incentive to continue mining while minimizing their damage to the environment. However due to the decentralized nature of crypto that makes it so attractive to many will come as a detriment to the initiative, as at the end of the day theres no one to make the decision to go green but the individual miners.

comments

Link:
No way around it: the irreparable damage cryptocurrency does to the environment - Green Prophet

Innosilicon

Moreover, the Cryptocurrency Mining Hardware report offers a detailed analysis of the competitive landscape in terms of regions and the major service providers are also highlighted along with attributes of the market overview, business strategies, financials, developments pertaining as well as the product portfolio of the Cryptocurrency Mining Hardware market. Likewise, this report comprises significant data about market segmentation on the basis of type, application, and regional landscape. The Cryptocurrency Mining Hardware market report also provides a brief analysis of the market opportunities and challenges faced by the leading service provides. This report is specially designed to know accurate market insights and market status.

By Regions:

* North America (The US, Canada, and Mexico)

* Europe (Germany, France, the UK, and Rest of the World)

* Asia Pacific (China, Japan, India, and Rest of Asia Pacific)

* Latin America (Brazil and Rest of Latin America.)

* Middle East & Africa (Saudi Arabia, the UAE, , South Africa, and Rest of Middle East & Africa)

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Table of Content

1 Introduction of Cryptocurrency Mining Hardware Market

1.1 Overview of the Market1.2 Scope of Report1.3 Assumptions

2 Executive Summary

3 Research Methodology

3.1 Data Mining3.2 Validation3.3 Primary Interviews3.4 List of Data Sources

4 Cryptocurrency Mining Hardware Market Outlook

4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Cryptocurrency Mining Hardware Market, By Deployment Model

5.1 Overview

6 Cryptocurrency Mining Hardware Market, By Solution

6.1 Overview

7 Cryptocurrency Mining Hardware Market, By Vertical

7.1 Overview

8 Cryptocurrency Mining Hardware Market, By Geography

8.1 Overview8.2 North America8.2.1 U.S.8.2.2 Canada8.2.3 Mexico8.3 Europe8.3.1 Germany8.3.2 U.K.8.3.3 France8.3.4 Rest of Europe8.4 Asia Pacific8.4.1 China8.4.2 Japan8.4.3 India8.4.4 Rest of Asia Pacific8.5 Rest of the World8.5.1 Latin America8.5.2 Middle East

9 Cryptocurrency Mining Hardware Market Competitive Landscape

9.1 Overview9.2 Company Market Ranking9.3 Key Development Strategies

10 Company Profiles

10.1.1 Overview10.1.2 Financial Performance10.1.3 Product Outlook10.1.4 Key Developments

11 Appendix

11.1 Related Research

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Originally posted here:
Cryptocurrency Mining Hardware Market Growth by Top Companies, Trends by Types and Application, Forecast to 2026 - Cole of Duty

Cryptocurrency Litecoin at 03:19 (00:19 GMT) Voskresenovka at a price of $42,860 according to the index Investing.com down by 12.32% in the day. This was the most significant fall in the value of cryptocurrencies since March 12.

The fall provoked a reduction of the market capitalization of Litecoin to $3,021 B, or 0.00% of the total capitalization of all cryptocurrencies. While earlier peaks capitalization of Litecoin was $14,099 B.

In the last 24 hours, Litecoin was trading in the range of $42,859 to $47,012.

In the last 7 days cryptocurrency Litecoin could feel the drop rate in the range of lost 5.56 percent. The amount of currency Litecoin traded in the last 24 hours before the date of publication of this material was $4,715 B or 0.00% of the total volume of all cryptocurrencies. The course was varied in the range from $42,8594 to $49,0882 in the last 7 days.

At the moment Litecoin is still below 89,80% from their peak values, amounting to $420,00, which was reached on 12 December 2017..

Bitcoin was last trading at $8.813,8, according to the index Investing.com falling of 11.98% during the day.

The Ethereum traded $196,24 , according to the index Investing.com, falling from 7.83 per cent.

The market capitalization of Bitcoin $174,801 B or 0.00% of the total capitalization of cryptocurrency, whereas market capitalization of the Ethereum $23,370 B or 0.00% of the total capitalization of the stock market.

See the original post:
Cryptocurrency Litecoin dipped to 12% - The Times Hub

The cryptocurrency market has been painted with one big bearish flag led by the major cryptocurrencies. Bitcoin price plunged from highs close to $10,000 on Saturday to intraday lows at $8,105. Ethereum could not hold above $200 due to its correlation with Bitcoin price. Ether touched lows at $180 but is now trading 11.21% lower at $186. The third-largest cryptocurrency has not been spared as it has spiraled to $0.1780 (intraday low) from Saturday levels above $0.22.

The selloff in the market is taking place less than two days the 2020 block reward halving. The drop was not expected many traders must have been caught off guard. For instance, data by analytics platform Skew shows that liquidations hit highs $226 million.

Other cryptocurrencies have also recorded double-digit losses include Bitcoin Cash (11.5%), NEO (10.66%), Litecoin (10.81%), IOTA (12.16%), EOS (10.91%) and Ethereum Classis (12.83%).

Intriguingly, Bitcoin price bounced off the 61.8% Fibonacci level to exchange hands at $8,611. This shows the willingness of the investors to buy in anticipation of a reversal above $9,000. Also holding the price in place is the 200-day SMA (0$8,053). However, the sharp slope of the RSI suggests that selling pressure is still high in spite of the bounce from the intraday lows. Therefore, other support areas to keep in mind include $8,000, .the 50-day SMA and $7,000.

More here:
Cryptocurrency Market Update: Bloodbath as Bitcoin nosedives to $8,000, Ethereum $180 and Ripple $0.1780 - FXStreet

Cryptopia: Bitcoin, Blockchains and the Future of the Internet is filmmaker Torsten Hoffmanns follow up to his award-winning 2015 documentary Bitcoin: The End of Money As We Know It.

His first film looked at the history (and failings) of money and the financial system, and how Bitcoin was poised to revolutionize and solve many of its problems. Now, Cryptopia brings us up to date with the current state of play in the world of cryptocurrency and blockchain.

The documentary is split into three acts.

First we get an introduction to the fundamentals of Bitcoin, recapping the problems with traditional finance from the earlier film and highlighting Bitcoins initial stated purpose as peer-to-peer digital cash.

Hoffmann talks about the benefits of Bitcoin with a veritable whos who of industry figures, from Wences Casares, to Andreas M Antonopoulos and Laura Shin. We also see how and why big banks and governments have kicked back against the top-ranked cryptocurrency.

We then move on to Bitcoins explosive growth in value since the first film, and repositioning from digital cash to digital gold.

Hoffmann revisits Roger Ver, who had previously espoused Bitcoin as a fast and cheap method of moving money around the world, to investigate the block-size debate and eventual fork of Bitcoin Cash.

He also speaks to Blockstreams Samson Mow, for his take on the split, along with Charlie Lee, founder of Litecoin.

The film then moves on to tackle the move from one blockchain to hundreds of blockchains. Hoffmann explains the concept of smart contracts and the Ethereum network, speaking to Vitalik Buterin, Vinny Lingham, and Tone Vays for their opinions, both positive and negative.

Hoffmann takes a look at the initial coin offering, or ICO, phenomenon, bringing blockchains and currencies for every conceivable purpose, along with a wave of scams and fraudsters into the space.

We see how big business and finance is co-opting blockchain technology, sometimes through the use of private centralized networks. We see the tokenization of traditional securities and totally new forms of assets.

Through looking at the examples of the development of the motor car and the early internet, Hoffmann highlights similarities with todays blockchain industry.

He notes the rise of internet censorship in certain jurisdictions, and discusses the potential of blockchain to overcome this. We also consider the hegemony of tech giants and their control of our information and identities, looking at the possibilities of decentralization to overcome this.

To round up, the film considers the possibilities of Decentralized Finance, or DeFi, although notes the controversy created following the DAO hack and subsequent rollback of the Ethereum blockchain.

Hoffmann finally talks to Craig Wright (who behaves exactly as expected), touching on the Bitcoin Cash/Bitcoin SV split, and finally coming full circle to Satoshis disappearance and how this has worked for Bitcoin.

The film has been professionally researched, shot, and put together. It assumes no prior knowledge of the subject, and follows a well structured story, making it accessible to all.

Hoffmanns style and delivery works well. He is authoritative yet friendly and open, being unafraid to challenge or poke fun at characters like Craig Wright, while always being even-handed and letting people speak.

Sure, for those who are already invested in the industry and technology, there is little new to learn here, but for the uninitiated it is an excellent primer into a world that they may have heard about, but not really understand.

For me personally, both this film and Hoffmanns previous documentary made me incredibly proud to be part of this movement that is literally changing the world.

My only criticism (and it is a minor one) is the song which plays out over the credits. Penned by Hoffmann himself and Malaysian singer, Prema Yin, it is a powerful, soulful number, rousing the spirits until you listen more closely and realise that it is about cryptocurrency.

To be fair, it is probably the least cringe-inducing cryptocurrency-related song that Ive ever happened across, with intelligent lyrics and a proper decent tune. However this is a bit like being the least cancerous case of sunburn; the end consequence still consists of a pair of bright red cheeks.

Sorry, and maybe this is just me, but the worlds of cryptocurrency and music (both of which I love individually) should never cross paths.

However, I have no hesitation in recommending this film, which is available to stream now at cryptopiafilm.com for a price of just under 9 Australian dollars ($5.88)... and you can always make a cup of tea when it gets to the credits.

Link:
Review - Cryptopia: Bitcoin, Blockchains and the Future of the Internet - Cointelegraph