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Category / Cryptocurrency

Sudden price drop shows largest ‘stablecoin,’ Tether, isn’t so stable after all

I mean, it’s right there in the name. The largest so-called stablecoin by market cap, Tether (USDT), is supposedly pegged to the U.S. dollar and always worth $1. However, if there’s one thing we know for sure about the world of cryptocurrency, it’s that things don’t always go according to plan — a fact emphasized...CONTINUE READING
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Start earning (and saving) money with these online finance courses

If the extent of your knowledge of investing and finance was buying Beanie Babies back in the ’90s, don’t worry. These five online courses can teach you everything from how to buy and sell cryptocurrency to how to keep your checkbook balanced.  Best of all is that each and every course is on sale. Check...CONTINUE READING
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Google mocks cryptocurrency as ‘not real’ in Call Screen ad

Google thinks your crypto is a joke.   The search and advertising giant released a new tool on Tuesday known as Call Screen, which helps Pixel owners screen unwanted calls. In a seemingly out of place move, the company used the product’s announcement as an opportunity to dunk on cryptocurrency.  SEE ALSO: Now any idiot...CONTINUE READING
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Russian government hackers mined bitcoin to fund attacks on FIFA, anti-doping agencies

People are definitely spending bitcoin, just maybe not the kind of people proponents of cryptocurrency adoption had in mind.  A lengthy indictment from the Justice Department dropped today, accusing seven Russian intelligence officers of conspiring to hack anti-doping agencies around the world in retaliation for their efforts to expose Russian athletic doping. And, at least...CONTINUE READING
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Now any idiot can apply to list their altcoin on Coinbase

Bring on the altcoin spring. Cryptocurrency exchange Coinbase teased an opening of the shitcoin floodgates today with an announcement that it will allow issuers of obscure altcoins, tokens, and even digital collectables like CryptoKitties to officially apply to be listed on its exchange.  At present, Coinbase only lists a few cryptocurrencies — bitcoin, bitcoin cash,...CONTINUE READING
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Cryptocurrency exchange claimed it was ‘practically impossible’ to hack. It was hacked.

I guess we shouldn’t be all that surprised. But still, they did say it would be practically impossible.  The Japan-based cryptocurrency exchange Zaif suffered a major hack last week. It issued a statement on Thursday stating that approximately $59 million worth of bitcoin, bitcoin cash, and MONAcoin had been stolen by unidentified criminals. This, obviously,...CONTINUE READING
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Attorney General blasts cryptocurrency exchanges

It’s not just the hacks and outright scams that make cryptocurrency a risky investment.  According to a report from the office of the New York state attorney general, the exchanges themselves — the places where would-be investors go to buy and sell cryptocurrencies like bitcoin and ether — are not doing enough to protect their...CONTINUE READING
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One of the most popular Ethereum apps sure looks like a Ponzi scheme

They’re not even trying to hide it anymore.  One of the most popular apps built on the Ethereum blockchain, a so-called DApp, is promising users a guaranteed fixed daily return on their investments. And all the would be crypto-rich have to do is put in a bunch of cryptocurrency up front, then sit back and...CONTINUE READING
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It only took 37 seconds for two bitcoin ‘celebs’ to start fighting on a cruise ship

The cruise ship wasn’t big enough for the both of them.  On September 10, somewhere in the Mediterranean, two well-known rivals in the cryptocurrency space stood awkwardly poolside. A crowd, sporting a mix of cryptocurrency-themed t-shirts and bikinis, lounged nearby on the ship’s upper deck. One man, sweatpants sloshing in the water, steadied a tripod....CONTINUE READING
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Cryptocurrencies are now worth less than $186 billion, the lowest level this year

The collective market cap of all cryptocurrencies has plunged to $186 billion on Wednesday — its lowest level this year, and the lowest it’s been since Novermber 2017.  It’s a long, painful drop for the crypto market from its January peak of $831 billion, and while everything’s possible in crypto, currently there’s no end in...CONTINUE READING
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