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  • Ben Norman
  • 3 Days ago
  • 0

Bithumb most recent crypto exchange to get hacked

Crypto hacks continue Cryptocurrency rates fell as South Korean crypto exchange firm Bithumb gets hacked on Wednesday – the second firm in a month to be breached. Bithumb reported on Wednesday that hackers stole roughly 35 won ($32 million) in cryptocurrencies, with the majority being Ripple. After the breach, the company froze all cryptocurrency deposits […]
  • Ben Norman
  • 11 Days ago
  • 0

Crypto exchange Coinrail gets hacked

When will cryptocurrencies be regulated? Korea-based cryptocurrency exchange firm Coinrail got hacked on Sunday, losing $40 million in altcoins – coins that aren’t Bitcoin or Ethereum. Unfortunately for crypto investors, the coins were not stolen from the company itself; instead, they were taken directly from the investors. According to TechCrunch, this included $19.5 million of […]
  • Ben Norman
  • 15 Days ago
  • 0

Coinbase on track to be regulated financial business

Don’t sleep on crypto The cryptocurrency exchange company Coinbase reported on Wednesday that it has bought three companies that will allow it to soon become a fully-regulated company. In one deal, its parent company Key Acquisition purchased financial tech firms Keystone Capital, Venovate Marketplace, and Digital Wealth. The acquisition of these companies gives Coinbase “a […]
  • Crystal Ng
  • 2 Months ago
  • 0

How does tax liability affect the value of Bitcoin?

The changes in the value of Bitcoin has been explained by tax burdens. The $20 billion downdrafts in the past two weeks may be because of the selling of $1 billion of Bitcoin. Once again, investors are startled by the sudden fluctuations of the largest cryptocurrency, Bitcoin. Unlike the usual, however, the changes in the […]
  • Crystal Ng
  • 3 Months ago
  • 0

Fed’s attempt to control BTC

According to Forbes, people have been making a comparison between bitcoin and gold. They are saying that based on the grounds of these assets being the “safe-haven” or “disaster hedges” when the economy is in recession. However, bitcoin is neither safe nor will its value maintain as the economy goes awry. Cryptocurrency could lose its […]
  • Crystal Ng
  • 3 Months ago
  • 0

Why are the cryptocurrencies crashing?

Within the past weekend, Bitcoin has fallen drastically to $7,335.57, at its lowest on Sunday. Fortunately, as CoinDesk conveys, the value of the cryptocurrency gradually recuperated. By Monday afternoon, the value of Bitcoin picked up again returned to an average of $8,585. Although we can never know for certain the reason underlying such change, many […]
  • Staff Contributor
  • 3 Months ago
  • 0

Mining Cryptocurrency: The Beginner Course

Hello there! We would like to welcome again to our feature on bitcoin and cryptocurrency in general! In our previous installment, we went over the humble beginnings of Bitcoin and cryptocurrency as it ballooned into the pop culture curiosity it has become. In today’s feature, we will be going over the basics of mining cryptocurrency, one […]
  • Crystal Ng
  • 4 Months ago
  • 0

Be Careful with the Cryptocurrency You Invest in

Cryptocurrency has turned a lot of heads in recent years. Despite its original intent to be the future of currency, it has become a promising source of investment for many out there. Cryptocurrency investors are ranging from business professionals to amateurs – thanks to its accessibility. It has become a prospective alternative to other commodities […]
  • William Van-Lear Black
  • 10 Months ago
  • 0

Chinese authorities crackdown on cryptocurrency ICOs

Monday, the Chinese government banned the practice of creating and selling new cryptocurrencies, Reuters reports.  With the rise of Blockchain technology, initial coin offerings (ICOs)—which give investors the opportunity to buy newly-created cryptocurrencies—have gained popularity. In total, Reuters says, ICOs have raised $2.32 billion since the inception of the cryptocurrency market; $2.16 billion of that […]
  • William Van-Lear Black
  • 10 Months ago
  • 0

What is Bitcoin?

Bitcoin is a peer-to-peer digital currency system that uses mathematical formulas (“cryptography”) in lieu of traditional, centralized financial institutions to protect users’ currency and verify and process transactions. The currency was created in 2009 by an unidentified developer or group of developers operating under the alias Satoshi Naskomoto, who wrote this white paper describing the […]
  • William Van-Lear Black
  • 10 Months ago
  • 0

BitCoin’s value surges despite looming scalability challenges

As of 2:18 Eastern Monday, a single bitcoin is worth $4,282—an all time high for the cryptocurrency, invented in 2008. The bitcoin-USD exchange has soared more than 200% this year, as investors in Korea and Japan increasingly seek to buy the cryptocurrency—some such investors are willing to pay premiums of up to 30%—and May’s New York […]
  • William Van-Lear Black
  • 11 Months ago
  • 0

Alexander Vinnik of BTC-e Indicted on Charges of Laundering Digital Currency

Alexander Vinnik, who police allege ran BTC-e and Tradehill, a pair of popular digital currency exchange services, was arrested in Greece Wednesday on charges of laundering over $4 billion for clients involved in a wide range of crimes, Reuters reports. The arrest marked the culmination of a joint investigation spearheaded by the US Department of […]
  • Cedric Brenninkmeijer
  • 12 Months ago
  • 0

ASUS Developing Cryptocurrency Mining Graphics Card

With most graphics cards designed to cater to PC gamers and artificial intelligence programmers, graphics card designer ASUS is innovating a new use for graphics cards: mining cryptocurrency. Mining digital currencies including Bitcoin requires a lot of computing power, meaning that powerful graphics cards are beneficial for miners. Seeing an opportunity in a niche market, […]
  • Sharnita Sanders
  • 1 year ago
  • 0

Bitcoin Receives New License

Coinbase, the world’s largest bitcoin company, received permission from the New York Department of Financial Services (DFS) for virtual currency and money transmitter license. The superintendent of DFS Maria Vullo made the announcement Monday. In her statement, she commented on her hope that DFS would continue “New York’s long record of being responsive to technological […]
  • Sharnita Sanders
  • 2 Years ago
  • 0

IRS Investigates Tax Evasion by Coinbase Users

Coinbase must release the identity of select customers who transferred currency during the years of 2013-2015. Judge Jacqueline Corley granted the IRS a John Doe summons to collect the information from Coinbase. Coinbase is a company that handles transactions of Bitcoin, Ethereum, and other digital currency. The IRS made a request for the John Doe […]
  • Will Innes
  • 3 Years ago
  • 0

Verizon Acquires AOL, but will it be Enough to Stand Competition?

The deal has been finalized. Verizon will acquire AOL for a reported $4.4 billion. While minuscule considering the mobile phone provider’s net worth of $200 billion, this marks a clear move towards expansion across platforms. AOL has long been considered past its prime. Its competition has not only increased in volume, but also in capacity […]
  • Blaine Martin
  • 4 Years ago
  • 0

Coinbase Opens in Europe

Coinbase, a San Francisco-based Bitcoin wallet and merchant processing platform, is expanding their reach to serve European consumers across 13 countries. This marks the first time Coinbase has taken a legitimate crack at business beyond U.S. borders. Coinbase is one of the largest Bitcoin wallets in the world. They serve nearly two million customers and […]