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Crypto Exchange Loses Password, Now Owes Users $190 Million

Crypto Exchange Loses Password, Now Owes Users $190 Million

This past December, Quadriga’s 30-year-old CEO Gerry Cotten died of Crohn’s disease while in India, subsequently, his company filed for creditor protection as customers could not withdraw their funds. QuadrigaCX chose not to reveal the details of its filing but CoinDesk obtained court documents that include the late CEO’s widow’s testimony. Jennifer Robertson, identified as […]

5y ago

Latest Samsung Galaxy S10 Leak Hints At Potential Selling Feature For Cryptocurrency Investors

Latest Samsung Galaxy S10 Leak Hints At Potential Selling Feature For Cryptocurrency Investors

With the Samsung Galaxy S10’s expected February 20 launch date growing closer, more and more details regarding the flagship phone appear to be emerging ahead of its arrival. While last week’s leaks mostly focused on a number of familiar features hinted at in past reports, as previously reported by the Inquisitr, the latest leaks seem […]

5y ago

John McAfee To Continue Presidential Bid In Exile, Through ‘Surrogates’

John McAfee To Continue Presidential Bid In Exile, Through ‘Surrogates’

John McAfee, the antivirus software company founder and cryptocurrency proponent, will be continuing his previously announced presidential campaign in exile according to a series of videos McAfee released on Twitter yesterday, CNET reports. McAfee cited unspecific felony tax charges as the reason for taking the campaign on the lam, recording messages on his boat from […]

5y ago

Bitcoin Scammers On Twitter Hack Target Account And Pose As Elon Musk

Bitcoin Scammers On Twitter Hack Target Account And Pose As Elon Musk

Scammers are using Twitter to run a fraudulent scheme to receive bitcoin payments. USA Today reports that Tuesday saw the latest in a series of hacks on the social media platform. This time, hackers took control of Target’s twitter account, using the big-box retailer’s profile to send out a post with the cryptocurrency scam. Other […]

6y ago

Happy Birthday Bitcoin! Here’s How The Cryptocurrency Became A Mainstream Force In 10 Years

Happy Birthday Bitcoin! Here’s How The Cryptocurrency Became A Mainstream Force In 10 Years

October 31 is commonly known as Halloween, a holiday to celebrate all things spooky. But to an ever-growing number of people, today’s date celebrates another important holiday in the world of digital currency. Halloween 2018 marks the 10th anniversary of the founding of bitcoin, the world’s first cryptocurrency, Business Insider reported. In 2008, the digital […]

6y ago

Hedge Fund Manager Will Accept Bitcoin Payment For $16 Million NYC Townhouse

Hedge Fund Manager Will Accept Bitcoin Payment For $16 Million NYC Townhouse

Hedge fund manager Roy Niederhoffer is selling his 10,720-square-foot townhouse on Manhattan’s Upper West Side for $15.9 million — and he’s willing to accept cash or bitcoin as payment. “I’m a big believer in bitcoin,” Niederhoffer told Bloomberg. “I really am so bullish on it, and I want to own more of it.” Niederhoffer is […]

6y ago

Cryptocurrency Regulations Should ‘Do No Harm,’ Says CFTC Chair Giancarlo

Cryptocurrency Regulations Should ‘Do No Harm,’ Says CFTC Chair Giancarlo

The federal government should approach regulating cryptocurrencies in the same manner it approached regulating the Internet: By adopting a “do no harm” approach. That’s what J. Christopher Giancarlo, chairman of the U.S. Commodity Futures Trading Commission, suggested. Giancarlo said this type of cautious approach is necessary in order to prevent inhibiting innovation in the burgeoning […]

6y ago

Bank Of America Rumored To Be Going Crypto After Latest Patent Filing

Bank Of America Rumored To Be Going Crypto After Latest Patent Filing

Bank of America (BoA) has quietly been amassing a wealth of blockchain technology patents over the past several years, but it is their most recent filing that has analysts believing that the banking giant may be ready to go crypto in the near future. While no major banks in the U.S. have made any meaningful […]

6y ago

SEC Issues Warning Advising Against Cryptocurrency IRAs

SEC Issues Warning Advising Against Cryptocurrency IRAs

The Security Exchange Commission (SEC) has issued a warning for investors to steer clear from IRAs that are either wholly or partially invested in cryptocurrency if at all possible. As more investors are viewing cryptocurrency as a valid long-term investment instrument and solution to their retirement needs, some investors buying into the hot financial trend […]

6y ago

Bitcoin Will Reach $60,000 This Year, Expert Says In Standing By January Prediction

Bitcoin Will Reach $60,000 This Year, Expert Says In Standing By January Prediction

Bitcoin is about to blow up, according to a leading expert. As Bitcoinist reports, Phillip Nunn, the CEO of The Blackmore Group and Wealth Chain Group, predicted in January that Bitcoin will drop to a low of $6,000 and hit a high of $60,000. The first part of his prediction was realized when Bitcoin slid […]

6y ago

Bitcoin And Other Cryptocurrencies Are Not Securities, SEC Official Says, But Initial Coin Offerings May Be

Bitcoin And Other Cryptocurrencies Are Not Securities, SEC Official Says, But Initial Coin Offerings May Be

Bitcoin and other cryptocurrencies rose today on news that a United States Securities Exchange Commission (SEC) official declared that they aren’t securities. Despite that good news for some crypto, some initial coin offerings might still be considered securities under the United States regulatory body’s rules. According to a CNBC report, William Hinman, head of the […]

6y ago

South Korean Cryptocurrency Exchange Loses $37 Million In Cyberattack, Bitcoin Price Drops Shortly After

South Korean Cryptocurrency Exchange Loses $37 Million In Cyberattack, Bitcoin Price Drops Shortly After

South Korean cryptocurrency exchange Coinrail suffered from a cyberattack over the weekend, likely sending the price of bitcoin tumbling. Bitcoin value dropped 10 percent on Sunday shortly after the exchange broke the news on Twitter. Per a report from The Guardian, the popular virtual currency dropped to $6,627 on the Luxembourg exchange Bitstamp. Prices of […]

6y ago

Software Company ORS Combines Artificial Intelligence With Blockchain Technology

Software Company ORS Combines Artificial Intelligence With Blockchain Technology

ORS Group, an artificial-intelligence software company, is using blockchain technology to create “hypersmart contracts” to help entrepreneurs and small businesses compete with larger corporations. Blockchain, the technology behind the cryptocurrency bitcoin, has been touted as a potentially game-changing innovation that could transform the banking industry, as well as messaging apps, insurance, voting, supply-chain management, stock […]

6y ago

Banks Challenge Bitcoin – New Frauds Arise As Critics Call For The Big Decline Of The Crypto

Banks Challenge Bitcoin – New Frauds Arise As Critics Call For The Big Decline Of The Crypto

Lloyds Bank and other major banks have announced that they will be preventing their customers from purchasing Bitcoin using credit cards attached to their banks. According to Fortune, this decision was made to protect banking consumers from “both financial and legal risk” of investing in Bitcoin. Along with Lloyds Bank, Bank of America and JPMorgan […]

6y ago

Starbucks’ Howard Schultz Enthusiastic Over Cryptocurrency But Not Bitcoin

Starbucks’ Howard Schultz Enthusiastic Over Cryptocurrency But Not Bitcoin

During a recently held first quarter earnings conference call, former Starbucks CEO Howard Schultz revealed that he is very much interested in the future of cryptocurrency and how one day it could be the preferred mode of payment for major retailers. The coffee house chain is also apparently studying the possible applications of cryptocurrency and […]

6y ago

Google Shuts Down Hackers Using YouTube Ads To Mine Cryptocurrency

Google Shuts Down Hackers Using YouTube Ads To Mine Cryptocurrency

YouTube has recently been targeted by a group of enterprising hackers that apparently found a way to insert mining scripts within video ads. The code would basically let the hackers use up to 80 percent of a viewers CPU power to mine bitcoins and other cryptocurrencies. By simply watching an advertisement with the malicious script […]

6y ago

Cybercrime Increases As Cryptocurrency Values Rise: Ways Crime And Cryptocurrencies Intersect

Cybercrime Increases As Cryptocurrency Values Rise: Ways Crime And Cryptocurrencies Intersect

Crime happens everywhere; there’s no doubt about it. But, cryptocurrencies may present a scenario that many criminals can’t pass up. Maybe it’s the thought of making millions of dollars, sometimes in an instant. That, coupled with the source activity being untraceable sounds alluring. Is that why, across the board, cryptocurrency values are skyrocketing? And, is […]

6y ago

YouTube Serves Ads With Cryptocurrency Miners

YouTube Serves Ads With Cryptocurrency Miners

Earlier this month, Israeli adtech firm Spotad warned websites and publishers about cryptocurrency miners slipping into ads. The crypto-focused website, CoinDesk, reported on Spotad’s findings after speaking to the agency’s co-founder Yoav Oz, who said, “The mining protocol for the big cryptocurrencies, like bitcoin and bitcoin cash… to mine that kind of crypto requires high […]

6y ago

Gamers Vs. Cryptominers: Nvidia Urges Retailers To Prioritize Gaming Use

Gamers Vs. Cryptominers: Nvidia Urges Retailers To Prioritize Gaming Use

Now that there’s a shortage of GPUs, Nvidia released a memo to its retailers saying they should prioritize gamers versus users who are buying the products for cryptocurrency mining. Since last year, there has been a lack of available graphic cards on the market. According to Vice, it is because of the crypto miners who […]

6y ago

Cryptocurrency Regulation: What Do You Need To Know?

Cryptocurrency Regulation: What Do You Need To Know?

The inevitable cryptocurrency regulation is coming. Last week, it was an announcement from the government of South Korea, who was looking at a possible ban on cryptocurrency trading. This week, the countries of France and Germany began talks of bitcoin regulation. Governments across the globe are looking to get involved with cryptocurrencies. Regulatory Shutdowns Started […]

6y ago

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