The FTC: A Surge in Bitcoin Extortion Frauds that Target Cheating Spouses

The FTC: A Surge in Bitcoin Extortion Frauds that Target Cheating Spouses

The Federal Trade Commission (FTC) recently warned the public that there appears to be a growing fraudulent venture out there which utilizes the relative anonymity of cryptocurrency, an extortion racket the preys on a very prevalent manifestation – cheating. According to estimations and statistics, in more than a third of all marriages there’s at least one side who admits to cheating. With this piece of staggering data, it’s no wonder that scammers play on the…

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Apple Co-Founder Steve Wozniak Gets Involved in a (Shady?) Blockchain Project

Apple Co-Founder Steve Wozniak Gets Involved in a (Shady?) Blockchain Project

Like so many others before him (and probably after), it appears that the legendary co-founder of Apple, Steve Wozniak, has been just as confused and full of contradictions about crypto – and perhaps even more. After several somewhat conflicting proclamations about Bitcoin and blockchain in the past (see summary below), at the ChainXchange blockchain convention on August 15, Wozniak reiterated some of his best Bitcoin hits: It’s based on mathematics. There’s a certain number of…

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Energy Expert: The Problem Is Carbon-Based Energy, Not Bitcoin Mining

Energy Expert: The Problem Is Carbon-Based Energy, Not Bitcoin Mining

One of the most justifiably worrying aspects regarding Bitcoin is the cryptocurrency’s electricity consumption during the process of mining, and ensuing environmental consequences. According to estimations, Bitcoin mining is using over 200 million KWh on a daily basis (0.33% of the entire world’s electricity consumption) – a little more than all the yearly energy consumption in Austria and just a little less than in the Philippines. But a researcher from the University of Pittsburgh now…

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China’s Top Crypto Rankings for August: Bitcoin Finally Enters the Top 10

China’s Top Crypto Rankings for August: Bitcoin Finally Enters the Top 10

The Chinese Center for Information Industry Development (CCID) has issued its monthly top cryptocurrency rankings for August. While there are three clear criteria for the rankings (technology, applicability and creativity), it is important to remember that it’s also probably at least somewhat politicized based on China’s interests. There are no changes among the top two cryptocurrencies: EOS (EOS) is still first with a significantly improved score (158.7 compared to 145.6 in the previous rankings) and…

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Mad Money’s Jim Cramer: Bitcoin Maybe on its Way to $800

Mad Money’s Jim Cramer: Bitcoin Maybe on its Way to $800

As cryptocurrencies continue their downward spiral or maintain their current low price ranges, more and more pessimism fills the projections of experts and pundits. This certainly seems to be the case with the lively TV personality and host of CNBC’s Mad Money, Jim Cramer. In an interview on Squawk on the Street, Cramer conveyed his bleak outlook concerning Bitcoin. Cramer used several dreary images to portray the possible future of Bitcoin that leave not too…

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Buying Bitcoin via Square Cash App Is Now Possible in All 50 States in the U.S.

Buying Bitcoin via Square Cash App Is Now Possible in All 50 States in the U.S.

A couple of months ago, the popular mobile payment application Square Cash App has finally become open for Bitcoin-business in New York. Now, buying Bitcoin through the Cash App is possible in the entirety of the U.S.; but let’s be honest here, there’s less interest in Bitcoin-related operations in Georgia, Wyoming and Hawaii (the last few states in which purchasing Bitcoin via the Cash App hadn’t been possible) than in the Big Apple. But, still,…

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Saudi Arabia Warns that Cryptocurrency Is Illegal in the Kingdom Territories

Saudi Arabia Warns that Cryptocurrency Is Illegal in the Kingdom Territories

Whilst cryptocurrencies are incredibly challenging for governments in democratic states in terms of regulations, scrutiny, taxation, and illicit operations, in regions of the world that authoritarian regimes rule crypto may constitute as a real threat to the dominating reign. Some such autocratic countries limit and restrict the utilization of crypto within their territories but still attempt to partially integrate it and employ its advantages – for instance, the Chinese government – but others determine that…

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Amidst Horrid Week for Cryptocurrencies, Bitcoin Strengthens its #1 Position

Amidst Horrid Week for Cryptocurrencies, Bitcoin Strengthens its #1 Position

It was a horrible week for cryptocurrencies. Terrible. Just awful. All major cryptocurrencies suffered great losses and the entire crypto market shed dozens of billions of dollars in total. And within all this decentralized carnage, Bitcoin managed to reinforce its position as the undisputed cryptocurrency king. Let’s review how a few of the most prominent cryptocurrencies have performed this week (August 5-12). Ethereum (ETH), the second largest cryptocurrency by market capitalization, has plunged from around…

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Cryptocurrencies Plunge after the SEC Delays Decision about Bitcoin ETF

Cryptocurrencies Plunge after the SEC Delays Decision about Bitcoin ETF

After the SEC had rejected the application of the Winklevoss twins of a Bitcoin exchange-traded fund (ETF) on July 26, cryptocurrencies – and particularly Bitcoin – had maintained a relatively stable price range. When the SEC recently decided to delay its decision regarding a different Bitcoin ETF, however, the crypto markets did not remain similarly restrained and plummeted sharply. On August 7, the SEC released an official notice, informing that the decision whether or not…

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There Are Now Over 3,500 Cryptocurrency ATMs around the World

There Are Now Over 3,500 Cryptocurrency ATMs around the World

In today’s global financial market, being adopted and embraced by mainstream audiences necessitates accessibility and availability – and cryptocurrencies are not different in that regard. And while in many aspects cryptocurrencies still falter, at least in one area there seems to be a steady, continuous growth: Cryptocurrency ATMs. According to CoinATMRadar.com – a website that tracks cryptocurrency ATMs around the world – the number of active crypto ATMs has jumped beyond 3,500 worldwide. That’s a…

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