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Posts Tagged ‘Cryptocurrency’

Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency

Cryptocurrency investing is risky business and one budding investor is feeling the pain after using a huge bank loan to build a losing cryptocurrency portfolio. DYOR and Steer Clear of FOMO It appears that FOMO got the best of one amateur cryptocurrency investor in Abu Dhabi who is now 85% down on cryptocurrencies purchased using…

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Kaspersky: Cryptocurrency Scammers Stole $2.3 Million in Q2

Cybercriminals earned more than $2.3 million from cryptocurrency scams during the second quarter of 2018, according to a new report from Kaspersky Lab. In its Spam and Phishing in Q2 2018 report, the company reported that it had prevented almost 60,000 attempts by users from visiting fraudulent web pages featuring popular cryptocurrency wallets and exchanges from April…

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Playboy Suing Cryptocurrency Company Over Breach of Contract

Playboy Enterprises has filed a lawsuit against a cryptocurrency company over failure to create a digital currency wallet for payments. A Clash in Court Playboy Enterprises, the parent company behind the marquee adult magazine, has filed a lawsuit against Global Blockchain Technologies (GBT) in the Los Angeles County Superior Court according to LA Times. Reportedly,…

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Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency

Venezuela is set to begin using its “petro” cryptocurrency as an official accounting unit, according to the country’s president. ABC International reported the development on Tuesday, citing a televised announcement by President Nicolas Maduro, who first unveiled the petro back in December. As part of the change, the state oil and gas company Petróleos de Venezuela (PDVSA)…

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Hungary Does Not Consider Cryptocurrency Legal Tender Yet

Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep taxes, making it a fairly unwelcoming territory for cryptocurrency investors. Not Legal Tender Citing a written statement of the country’s Finance Ministry, local Hungarian media Portfolio reports that Bitcoin and other…

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The Entire Cryptocurrency Market is Now 54% Bitcoin

Bitcoin now dominates 54 percent of the total cryptocurrency market cap, hitting a level on Tuesday not seen since the time of its all-time price highs in December 2017. Analysts Dream Of Altcoin Rebirth According to data from Coinmarketcap, Bitcoin 00 now has a market cap of $105 billion. August 11 formed the latest date…

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XRP Cryptocurrency Now Down 90% From 2018 Price High

XRP, the world’s third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday. At 00:01 UTC, just after Monday’s close, the cryptocurrency dropped to $0.27 cents for the first time since December 12, 2017, according to CoinDesk price data. XRP was last seen trading at $0.2705, marking roughly a 2.95 percent decline since…

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India: Clear-Cut Cryptocurrency Law Still Months Away, Says Gov’t Panel

Don’t expect any final cryptocurrency regulations in India at least until the end of the year, according to members of the government panel set up to examine the emerging virtual currency ecosystem in the country. The Conundrum That is Cryptocurrency India isn’t the first country that has struggled with adequately defining what cryptocurrencies are, in…

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Social Video App Cheez Now Offering Cryptocurrency Rewards

Social video app Cheez announced recently that it will soon be integrated with Bitcoin and Ethereum rewards for users. Some, however, are skeptical of the reward cap and centralization. Bringing Cryptocurrency To The Masses Cheez, a social video sharing app designed by its Chinese parent company LiveMe, is taking a dive into the world of…

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