money

This glitch could’ve destroyed Bitcoin, but it didn’t

This glitch could’ve destroyed Bitcoin, but it didn’t

Zaif exchange had cryptocurrencies - including Bitcoin - available for free for approximately 18 minutes on February 16th. Fortunately, the mistake was mitigated. Fortunately, none of that "free" cryptocurrency was allowed to leave the exchange. One user essentially got as far as the front door with 2,200-trilion-Yen (approximately $20-trillion USD) worth of coins - but was stopped in the nick of time.

Continue Reading

Bitcoin Price volatility: Paypal, Petro, and Steven Seagal

Bitcoin Price volatility: Paypal, Petro, and Steven Seagal

PayPal chief financial officer John Rainey spoke this week about the likelihood Bitcoin would become a standard payment method online. At the moment there's too much volatility in the cost of Bitcoin (in USD) for most merchants to adopt the coin. In the very near future, said Rainey, there's a good chance Bitcoin could be accepted far more widely than it already is.

Continue Reading

Venezuela’s Petro cryptocurrency is backed by oil and now available

Venezuela’s Petro cryptocurrency is backed by oil and now available

Venezuela is tackling its economic woes by launching its own cryptocurrency called "Petro." The country claims this is the first sovereign cryptocurrency, and it's backed by the nation's crude oil reserves. The digital money is available now; there are plans to sell 100 million Petros total with an initial value matching the price of a barrel of Venezuelan crude oil: $60.

Continue Reading

Bitcoin price keeps rising: Here are 2 reasons why

Bitcoin price keeps rising: Here are 2 reasons why

Bitcoin price continued its steady rise this morning as several major bits of cryptocurrency news came to light. Perhaps most disturbing was news that the South Korean head of economic policy at the Office for Government Policy Coordination, Jung Ki-joon, was found dead in his home on Sunday. As yet it would seem that his death was due to a heart attack in his sleep, but police have not ruled out foul play.

Continue Reading

Bitcoin price up on White House rep comments

Bitcoin price up on White House rep comments

The Prime Minister of India Narendra Modi expressed support for the future of Blockchain and the Internet of Things this morning. In combination with what a White House representative said late last week, this should be a pretty good start for this week on Bitcoin news. That representative of the White House was White House cybersecurity coordinator and special assistant to the president, Rob Joyce.

Continue Reading

Litecoin Cash: Beware today’s “free coins”

Litecoin Cash: Beware today’s “free coins”

This afternoon - or maybe just a tiny bit later - Litecoin owners will be given free Litecoin Cash. It's not quite that simple, but that's the basis for the recent jolt in price of Litecoin across several exchanges. The point at which each Litecoin will be worth a certain amount of Litecoin Cash is at block height 171111 - but what's that mean?

Continue Reading

Coinbase Warning: Check your bank account NOW [UPDATE]

Coinbase Warning: Check your bank account NOW [UPDATE]

Over the past week a number of banks and credit card companies issued Bitcoin sales brands like Coinbase to switch their MCC code. As a result, loads of cash have begun moving with little to no notice from said banks to Coinbase customers. In addition, it would appear that Coinbase users are having errors in which their accounts are charged multiple times for the same transaction, resulting in hundreds or thousands of dollars gone missing. We recommend you take action immediately.

Continue Reading

Bitcoin price rambles back toward $10k, but there be fools

Bitcoin price rambles back toward $10k, but there be fools

Round prices seem to continue to command the minds of traders in the Bitcoin universe, especially when it comes to the most popular of cryptocurrencies. Just as it happened when the price of Bitcoin VS USD nearly met 20k, now here once again, there's a bit of a hurdle. After Bitcoin went over 19K USD, it tumbled down to $6k. Now not long after that trip, the price is rumbling back up over $9k.

Continue Reading

Litecoin price jolts on Cash fork scam

Litecoin price jolts on Cash fork scam

Litecoin ($LTC) is supposed to have a fork today that'll give users 1 Litecoin Cash for every 1LTC coin they hold. The key phrase in that sentence is "supposed to." That'll happen at block 1,371,111, the creators of Litecoin Cash suggest. This news sent the price of Litecoin jolting upward. But this news might not actually be true - so to speak.

Continue Reading

Bitcoin price just rebounded 50%: Watch the bounce

Bitcoin price just rebounded 50%: Watch the bounce

Over the weekend the price of Bitcoin rambled its way up to over $9k, coming up on a set of stairs from its recent plunge below $7,500 just this past week. That's quite a drop below its nearly-$20k high in December of 2017 - and it looks a whole lot like chaos to most users that haven't been paying close attention to the market past a half year ago.

Continue Reading

US, UK government websites infected by cryptomining malware

US, UK government websites infected by cryptomining malware

Governments originated from the need to not only govern but also protect citizens, though some will probably dispute how much that still applies today. It is with a bit of irony, then, that some government websites have become unwilling, not to mention unknowing, vehicles to actually harm their own citizens. It has just recently come to light that thousands of websites, including those run by US and UK governments, have become infected by cryptocurrency mining malware, causing anyone who visits those sites to generate money for still unidentified miscreants.

Continue Reading

Crypto taxes time: IRS has Coinbase in its sights

Crypto taxes time: IRS has Coinbase in its sights

The Internal Revenue Service (IRS) is ramping up an investigation of the ways and means with which citizens of the USA hide their cash for tax season. Their primary target right this minute: Bitcoin and other cryptocurrencies. This investigation is currently aiming at Coinbase, the biggest brand in buying Bitcoin for USD - and a primary source for many millions of dollars in cash exchanged for code.

Continue Reading

1 2 3 4 5 Next