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Category / Cryptocurrencies

China is capable of destabilizing or destroying Bitcoin, new research suggests

In 2008, Bitcoin was envisioned by its pseudonymous founder Satoshi Nakamoto as a trustless, decentralized peer-to-peer electronic cash system.  Ten years and numerous crazy price jumps later, Bitcoin appears to have withstood the test of time. But is it really decentralized and thus resilient to attacks? A new paper, signed by researchers from from Princeton...CONTINUE READING

Manage your cryptocurrency for less than $30 with a lifetime subscription to CryptoZilla

Cryptocurrency is becoming more popular by the day, and scores of new traders are jumping on the bandwagon. For these newcomers, a service like Coinbase is appealing because it simplifies the complex process of buying and selling crypto.  But after spending some time with it, most traders come to realize that Coinbase has issues: it...CONTINUE READING

Apple bans crypto-mining apps from App Store to protect your battery life

Apple wants to protect your iPhone and Mac battery from shady cryptocurrency-mining malware. The company added new rules to its developer guidelines, which now explicitly prohibit iOS and Mac apps from mining cryptocurrency in the background.  SEE ALSO: 8 things Apple didn’t tell us about iOS 12 The goal, according to the company, is to...CONTINUE READING

Facebook is working on its own cryptocurrency

Hoping to invest in the next Bitcoin? Keep an eye on Facebook. No, but really. According to a Cheddar report, the company is hard at work on its own cryptocurrency.  SEE ALSO: Facebook: ‘We’re willing to give up profitability’ for election integrity Cheddar, citing sources familiar with the matter, claims that Facebook users could use...CONTINUE READING

Pornhub now allows payments from one specific cryptocurrency

Finally, PornHub has jumped into cryptocurrency craze just as the ancient prophecies foretold.  The widely-visited porn site is pairing up with cryptocurrency company Verge to offer customers an easier way to pay for Pornhub products, including for the site’s Premium HD-quality, ad-free subscription service, that’s both secure and offers anonymity which is nice because you’re...CONTINUE READING

Weather bureau staff investigated for alleged cryptocurrency mining on work computers

Look, mining cryptocurrency off work computers mightn’t be the greatest of ideas. Two IT employees at Australia’s Bureau of Meteorology are under investigation by the Australian Federal Police, alleged to have used the agency’s computers to mine cryptocurrencies, according a report by ABC News. SEE ALSO: Cryptocurrency ransom demands popped up in recent cyberattacks Police...CONTINUE READING

Tether and Bitfinex subpoenaed by the CFTC as Bitcoin drops below $10K

The price of Bitcoin plummeted below $10,000 Tuesday morning as news broke that The U.S. Commodity Futures Trading Commission had subpoenaed Tether and Bitfinex, a so-called stablecoin cryptocurrency and one of the world’s largest cryptocurrency exchanges, respectively.  First reported by Bloomberg, news of last week’s subpoenas follows allegations from critics of Tether that the digital...CONTINUE READING

The Bitcoin community reacts to crash

Bitcoin and other cryptocurrencies crashed hard, and many people aren’t taking it well.   Down from the near-$20,000 highs of early December, Bitcoin plummeted 25 percent on Tuesday to as low as $10,194. This hasn’t gone over so well with those who poured their life savings into cryptocurrency.  SEE ALSO: You know who’s not loving...CONTINUE READING

One person is probably responsible for almost 600 percent of Bitcoin’s price rise

Bitcoin is complicated. From what, exactly, it’s good for to who created it, there remains a host of unanswered questions about the world’s foremost cryptocurrency.  But when it comes to what drove the monumental price rise over the last 9 years, we now have at least a partial answer — and it’s not what you’d...CONTINUE READING
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