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Category / Cryptocurrency

Venezuela just ‘linked’ the newly created sovereign bolivar to its terrible cryptocurrency

You know you’re in trouble when your only hope for stability is something as notoriously unstable as cryptocurrency. And yes, Venezuela appears to be very much in trouble.   According to Bloomberg, Venezuelan President Nicolas Maduro announced on Friday that he intended to link a new national currency, the sovereign bolivar, to a cryptocurrency of...CONTINUE READING
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Cryptocurrency-rich make magic internet money rain in Vegas

It was late Saturday night at Caesars Palace in Las Vegas, and an extremely stoned man was trying to bribe his way into the city’s hottest cryptocurrency party — and it wasn’t working.  SEE ALSO: Dozens of Vegas slots went offline simultaneously during a hacker convention To get to that point, he’d have already waited...CONTINUE READING
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Cryptocoins are worth less than $200 billion for the first time since 2017

In May 2017, I’ve called some experts and asked them “Why are Bitcoin and Ethereum growing so fast?” This was after an intense period of growth for both popular cryptocurrencies, especially Ethereum, which was up 1,400% in three months. The market cap of all cryptocurrencies put together at the time seemed unreal: 80 billion dollars....CONTINUE READING
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How cryptocurrency brings oppression and hope to Venezuela

Daily life in Venezuela begins and ends with one question: What is my money worth today? Venezuela has the world’s worst inflation rate at more than 40,000 percent annually and rising, according to John’s Hopkins University. The country’s almost worthless bolivar currency is breaking deli scales and credit card readers as the more than 30...CONTINUE READING
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You won’t be able to pay with bitcoin at Starbucks anytime soon

Recent news that Starbucks has partnered with Microsoft, the International Exchange, and a few other companies to launch a cryptocurrency venture called Bakkt has fueled reports that Starbucks is getting ready to start accepting Bitcoin in its stores.  Speaking to Motherboard, however, the company has stated that this is not true.  SEE ALSO: Starbucks announces...CONTINUE READING
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And now a verified ‘Donald J. Trump’ Twitter account is scamming crypto

President Donald J. Trump has made a lot of absurd promises over the course of his career, but free cryptocurrency is still not one of them. Though you might be forgiven for thinking otherwise, as a verified Twitter account bearing his name today offered that very thing. Yep, the ether giveaway scam we’ve come to...CONTINUE READING
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Google follows Apple, bans crypto-mining apps from Play Store

Google has followed Apple’s lead in banning apps that mine cryptocurrencies. The company recently updated its Play Store policies to explicitly ban cryptocurrency-mining apps, although several such apps are still available to download at press time. “We don’t allow apps that mine cryptocurrency on devices,” the new policy says. “We permit apps that remotely manage...CONTINUE READING
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Twitter will lock your account if you pretend to be Elon Musk

If there’s another Elon Musk out there, it just became a little bit harder for them to join Twitter. Thanks to cryptocurrency scams, Twitter is now automatically locking any account set up on the website that makes its display name “Elon Musk.” Users who change their display name to Musk’s will be greeted by a...CONTINUE READING
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Someone is using a cancelled TV show’s verified Twitter account to promote a cryptocurrency scam

An apparent hacker has been using a discontinued TV show’s verified Twitter account to promote a cryptocurrency scam. A nefarious Twitter user appears to have gained access to the official @AlmostHumanFOX account, and has been tweeting from the account since the beginning of the month.  During this time, the account, which is followed by almost...CONTINUE READING
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