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Category / Cryptocurrency

The sorrowful tale of an alleged SIM swapper who boosted thousands and thousands

You probably shouldn‘t feel sorry for Nicholas Truglia. It’s just that his story is so pathetic. The 21-year old Manhattan resident was arrested last November and extradited to California in December. There, he’d face 21 felony counts relating to accusations of SIM swapping his way to a million dollars worth of stolen cryptocurrency. While Truglia’s...CONTINUE READING
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Ethereum is set to get a large improve. Here is what you want to understand.

Ethereum, the third-largest cryptocurrency by market cap and the most popular platform for decentralized applications (dApps), is getting an upgrade on (roughly) Jan. 16.  The upgrade is called Constantinople and it makes the Ethereum network a bit more efficient, paving the way for bigger changes further ahead. It also brings some important changes for miners...CONTINUE READING
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Fb is construction a cryptocurrency for use in WhatsApp, document says

Facebook is working on a cryptocurrency that will let users of WhatsApp — the messaging service that the social network giant acquired in 2014 — send and receive money, Bloomberg reported Friday, citing people familiar with the matter.  The initial focus of this effort would be the remittances market in India, the report says, and...CONTINUE READING
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2018 used to be crypto’s yr of reckoning, however there is hope forward

2018 has been a tough year for cryptocurrencies.  As I write these lines, the prices of major cryptocurrencies such as Bitcoin, XRP, and Ethereum are the lowest they’ve been in over a year. The price decline, which started roughly in January, has been relentless: The cryptocurrency market cap shrunk from its all-time high of about...CONTINUE READING
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Floyd Mayweather and DJ Khaled hit with massive fines for pumping crypto ICOs

Well that certainly backfired.  Professional boxer Floyd Mayweather and music producer DJ Khaled are on the receiving end of substantial fines today. The SEC announced the two would-be cryptocurrency influencers failed to disclose that their support for shady initial coin offerings was in fact bought and paid for. Much like a low-level Instagram influencer shilling...CONTINUE READING
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Overstock is officially pivoting to blockchain

Overstock is getting out of ecommerce. One of the internet’s earliest online retailers, Overstock, is preparing to sell off its entire ecommerce business in February according to its founder and CEO Patrick Byrne.  Overstock’s future? Cryptocurrency and blockchain startups. Speaking to the Wall Street Journal, Byrne detailed his Overstock sale plans and discussed the company’s...CONTINUE READING
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Crypto trading card game ‘Gods Unchained’ looks pretty sweet in first gameplay trailer

Cryptocurrency-based gaming is growing up.  Gods Unchained, an upcoming trading card game (TCG) based on Ethereum, has released its first gameplay trailer, and it looks great.  SEE ALSO: Crypto’s black Wednesday: Where do we go from here? On the surface, Gods Unchained is a clone of Hearthstone, Blizzard’s game that made the genre immensely popular...CONTINUE READING
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Crypto’s black Wednesday: Where do we go from here?

Cryptocurrencies are notoriously volatile, but even seasoned traders were taken aback by the price action on Wednesday and Thursday.  Bitcoin is down roughly 15% compared to the day before and is trading at $5,380 on Coinbase at writing time. Ethereum fared even worse, dropping roughly 17% to $171 and losing the position of the second...CONTINUE READING
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