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Posts Tagged ‘News’

Bitcoin Price, Scams and Definitely No Politics

Surely I can get through this introductory paragraph without mentioning the UK election. Must be some other news to cling to. If possible I could also tie in some spurious bitcoin comment… Can you buy a National Health Service with bitcoin? Or I could just mention that Miss Jamaica won the Miss World 2019 competition…

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VeChain Loses 1M Coins from Compromised Buyback Wallet 

The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost…

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Bitcoin Miner Manufacturer Canaan’s Shares Crash 40%

Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price. Bitcoin miners are in a tight spot once again, as Bitcoin’s price continues to experience pressure. Miners were known to withdraw from the mining industry when the price dropped in 2018, simply because…

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Russia’s Silk Road to Hold ICO, Exit Scam Attempt?

Hydra, Russia’s biggest dark web marketplace, announced its plans to develop an international, decentralized marketplace for illegal products. To achieve this goal, Hydra intends to conduct an initial coin offering (ICO), local media reports. Does Russia’s Illegal Marketplace Eye Expansion or Exit Scam? The popularity of ICOs has faded, but Hydra, which operates the largest…

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US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme

According to a press release, Matthew Brent Goettsche, 37, of Lafayette, Colorado; Jobadiah Sinclair Weeks, 38, of Arvada, Colorado; and Joseph Frank Abel, 49, of Camarillo, California were indicted on charges of conspiracy to commit wire fraud (Goettsche and Weeks) and conspiracy to offer unregistered securities through their participation in BitClub Network, a mining pool.…

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Nobel Winner-Backed Saga Launches Libra-Like Global Coin

London-based blockchain firm Saga announced the launch of its Saga token (SGA). The digital unit represents a global currency that complies with regulators’ requirements. Saga Advised by Nobel Prize Winner, Former Bank of Israel Governor The currency is backed by a basket of fiat currency to avoid high volatility. Thus, it acts like a stablecoin…

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Verge Crashes Over 15% Ahead of Scheduled Hard Fork

Verge (XVG) is backtracking, erasing more than 15% of its price on Tuesday. XVG fell to $0.004, moving away from a recent spike. The Verge market price sank significantly on Tuesday, despite the still expected scheduled hard fork. The asset sank after a week of hiking higher, moving up by as much as 30% on…

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Bitcoin Ransomware Attack Hits Argentinian Government

The Argentinian government has been hit with a Bitcoin ransomware attack. According to the latest information, the hacker demanded 50 BTC to withdraw the attack. For all the positive changes that cryptocurrencies have brought in the last few years, there are still those who would use them to harm others. A perfect example of this…

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Ethereum Google Searches Near Record Lows

Ethereum saw a major reduction in Google searches in the last few months, attracting less attention than ever before. Ethereum Less Popular Now Than When it Was $20 Ethereum (ETH), the second-largest cryptocurrency by market cap, is going through an interesting period as of late. A Trustnodes report indicates that the project has seen the…

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