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cryptocurrency

05/11/2018 / By News Editors

Ten years in, nobody has come up with a use for blockchain

Everyone says the blockchain, the technology underpinning cryptocurrencies such as bitcoin, is going to change EVERYTHING. And yet, after years of tireless effort and billions of dollars invested, nobody has actually come up with a use for the blockchain—besides currency speculation and illegal transactions. (Article by Kai Stinchcombe republished from HackerNoon.com) Each purported use case […]

04/20/2018 / By David Williams

“Tamper-proof” cryptocurrency wallet just backdoored by a 15-year-old self-taught programmer

Cryptocurrency wallets were invented to allow those who owned cryptocurrencies, such as Bitcoin, to have an easy way to store and access them via hardware. For a long time, the makers of these devices marketed their products as tamper-proof and capable of keeping any and all of their contents safe. But as it turns out, […]

04/17/2018 / By David Williams

City in New York passes first-ever bitcoin mining ban in the U.S.

Bitcoin mining first became a mainstream thing when word about Bitcoin itself hit the mainstream. It was a slow but steady way of making bitcoins on your own, and has been taken up as serious endeavors by would-be cryptocurrency entrepreneurs. And between all of them, they mine all kinds of other cryptocurrencies apart from Bitcoin. […]

04/05/2018 / By Ethan Huff

Celebrity cryptocurrency schemes now earning felony fraud charges as DOJ cracks down on crypto scams

Would you invest your hard-earned money into some random digital currency that was launched by a man who gets beaten to a pulp for a living along with another who raps about “B*tches & Bottles?” A collective of brain-dead morons with more than $32 million to burn apparently did just that – and not surprisingly, […]

03/13/2018 / By David Williams

Ethereum co-founder Vitalik Buterin: Cryptocurrency not ideal for long-term investment

Many people have fallen for the foolish notion that cryptocurrencies can serve as a great option for investing money. There are those who think the opposite, but cryptocurrency supporters are much more vocal. For this reason, one of the biggest names in the cryptocurrency community has spoken out against this view, saying in no uncertain […]

02/25/2018 / By David Williams

Bitcoin wallet devices found to be surprisingly vulnerable to hacking

People have touted bitcoin to be much more secure than most existing financial services. However, it’s not immune to hacks and other intrusions. A group of computer scientists has just shown how vulnerable Bitcoin can truly be, particularly when stored inside so-called hardware wallets that are meant to keep them safe in an analog form. […]

02/18/2018 / By Ethan Huff

Another Crypto Ponzi scheme collapses: DavorCoin caught defrauding investors who lost nearly everything

Yet another cryptocurrency startup promising massive financial returns to investors has kicked the bucket. Scottsdale, Arizona-based DavorCoins (DAV), which operated a lending scheme similar to the one that resulted in the recent collapse of BitConnect, reportedly left its investors with basically nothing after the value of its coin offering plummeted to almost zero. According to […]

02/16/2018 / By Ethan Huff

Bitcoin hacks are funding North Korea’s nuclear missile program; Cryptos now LESS secure than conventional money

The group behind a recent $500 million crypto heist that targeted the Japanese cryptocurrency exchange CoinCheck has been identified as a group of North Korean hackers, new reports indicate. According to a recent Bloomberg report, an unidentified South Korean lawmaker who wishes to remain anonymous is credited with having nabbed the hacker clan, which may […]

02/15/2018 / By Ethan Huff

Wall Street Journal confirms: Bitcoin is a BUST

Is Bitcoin on the down and out? The Wall Street Journal (WSJ) seems to think so, as writers Steven Russolillo and Kenan Machado recently published an article entitled “Bitcoin Is Falling Fast, Losing More Than Half Its Value in Six Weeks.” The article sends a doomsday message to readers about the future of the popular digital […]

02/08/2018 / By Ethan Huff

If you bought Bitcoin, you may have accidentally funneled money to the CIA

Is Bitcoin a truly anonymous digital currency developed for the sole purpose of giving people freedom from the central banks, or was it actually hatched by the “deep state” in order to secretly fund international missions by the CIA and MI5? A Russian cybersecurity expert is alleging the latter, according to slides obtained from a […]

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