Many Uncertainties Still Surround the Approval of the ‘First Bitcoin ETF’ by the SEC

Many Uncertainties Still Surround the Approval of the ‘First Bitcoin ETF’ by the SEC

Should Bitcoin be a regulated digital asset or a free disruptive innovation or somehow a combination of both? The above question has been a reoccurring topic in the cryptosphere. While many believe that Bitcoin is a regulated product and could cause no harm, others are of the opinion that it both a disruptive innovation and a regulated product. This makes it difficult for the United States Securities and Exchange Commission (U.S. SEC) to approve a…

Read More

Report: Mining Ethereum with GPU Becomes Unprofitable

Report: Mining Ethereum with GPU Becomes Unprofitable

Mining cryptocurrencies, especially Ethereum (ETH), using a graphics processing unit (GPU) has been confirmed to yield little to no gain. This is according to a new report by CNBC on the 13th of November. The slump in cryptocurrency mining is a resultant effect of the drastic fall in the price of Bitcoin in 2018. According to some estimates, Bitcoin also dropped to a point where it was not profitable to mine it anymore. Mining of…

Read More

Tokyo Police Shuts Down Cryptocurrency Pyramid Scam, Arrests 8 Men

Tokyo Police Shuts Down Cryptocurrency Pyramid Scam, Arrests 8 Men

When investing in cryptocurrency it’s extremely important to be mindful of various scams that you could be targeted for. There are a number of individuals that are working to create scams that con people out of Bitcoins and other cryptocurrency. Because it’s quite easy to transfer crypto and because it could be difficult to receive a refund on cryptocurrency, it can be one of the perfect tools for the creation of financial scams. A recent…

Read More

Bitcoin Scammers Hack into Twitter Accounts of Target, The Body Shop (Among Others)

Bitcoin Scammers Hack into Twitter Accounts of Target, The Body Shop (Among Others)

Target and The Body Shop were targeted in a new wave of verified Twitter account hacks. This new attack follows a wave of similar attacks, including the attack where hackers masqueraded as Elon Musk by changing the name of other verified accounts they hacked into. Hackers used Elon Musk’s identity and credibility within the industry to encourage users ot part with their Bitcoin in exchange for more Bitcoin that never materialized. In this latest attack,…

Read More

Crypto Trader Fined $1.1 Million for Running Bitcoin and Litecoin Scams

Crypto Trader Fined $1.1 Million for Running Bitcoin and Litecoin Scams

A press release issued on the 9th of November 2018 by the U.S. Commodity Futures Trading Commission (CFTC) stated that Joseph Kim of Phoenix, Arizona was ordered to pay $1.146 million in restitution to his company and customers for his fraudulent Bitcoin and Litecoin scheme. According to the press release, Joseph Kim – a former crypto trader with Firm (a Chicago-based proprietary trading firm) – admitted to defrauding his employer and dubiously obtaining funds from…

Read More

4 Unregistered Crypto Companies were Shut Down by Colorado’s Division of Securities

4 Unregistered Crypto Companies were Shut Down by Colorado’s Division of Securities

Colorado’s division of securities has officially issued cease-and-desist warnings to four different companies that have their own ICO or “securities” offerings. Each of these companies was operating within the state of Colorado and they were shut down as the result of an investigation performed by an ICO task force. The division of securities has been cracking down on companies offering their own digital coins without proper registration for the issuance of such securities. Companies that…

Read More

Survey: Fifth of Brits Believe Bitcoin Will Be the Currency of the Future

Survey: Fifth of Brits Believe Bitcoin Will Be the Currency of the Future

Bitcoin as a financial instrument has been in existence for quite a long while (since around 2008). It has revolutionized the way financial transactions are being carried out in many sectors across the globe. This is because it possesses the following properties: It is irreversible: After confirmation, a transaction cannot be reversed, whether by you, me or even the Prince of Wales. It is secure: A Bitcoin address is more secure than any central bank…

Read More

Crypto in Power: Two Bitcoin-Friendly Governors Elected in the United States

Crypto in Power: Two Bitcoin-Friendly Governors Elected in the United States

The just-concluded midterms in the United States have spread a wave of jubilation across the crypto sphere. As others celebrate that the candidate of their choice won the midterm election, crypto enthusiasts celebrate having candidates-elects who are among the first people to embrace Bitcoin and blockchain technology during its early days. At a time where the authenticity and sustainability of blockchain technology are being questioned and stringent rules and regulations are enacted to control every…

Read More

Crypto Exchange Gate.io Removes Statcounter Features After Breach in Script Is Uncovered

Crypto Exchange Gate.io Removes Statcounter Features After Breach in Script Is Uncovered

Malicious attacks that revolve around Bitcoin seem to be growing in popularity and some the largest exchanges including Gate.io are not safe from any type of malicious threat. On November 6, 2018 Gate.io, a popular crypto exchange was forced to bring down their Statcounter analytics because of the breach in its scripting. The exchange was very quick to remove the malicious code from its script but the breach compromised a number of visitors and their…

Read More

Gwyneth Paltrow Goes All Crypto: Promotes Bitcoin Investing Guide on Twitter

Gwyneth Paltrow Goes All Crypto: Promotes Bitcoin Investing Guide on Twitter

As cryptocurrency has entered the limelight in recent years, we are seeing more and more celebrities taking to social media platforms to promote crypto. This hasn’t always been smooth sailing, and some celebrities have ended up in legal trouble for promoting schemes they know little about, or that turn out to be scams. When it comes to where to share, Twitter and Instagram are the social media platforms of choice for celebrities promoting crypto. The…

Read More
1 2 3 9