writes copy 15 Aug 2018

Cryptocurrencyrich make magic internet money rain in Vegas

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It was late Saturday night at Caesars Palace in Las Vegas, and an extremely stoned man was trying to bribe his way into the city's hottest cryptocurrency party — and it wasn't working. 

SEE ALSO: Dozens of Vegas slots went offline simultaneously during a hacker convention

To get to that point, he'd have already waited in a line for 30 minutes just to ride the elevator up to room 6116 in the hotel's Forum Tower. It was clear he was past ready to start celebrating — this was Saturday night at the DEF CON hacker convention, after all — and someone else was footing the bill. 

That would be Monero, the popular privacy-focused cryptocurrency that's been on a wild ride since it was released in 2014. It had skyrocketed in value from around $1 in the summer of 2016 to a high of almost $500 in January of this year, before falling back to about $80 today — making a host of early adopters incredibly wealthy in the process.   Read more...

More about Blockchain, Def Con, Cryptocurrency, Monero, and Tech

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