Month: February 2019

Just when Jack Dorsey’s week was starting to look up, he must contend with yet another cryptocurrency giveaway scam. But while Twitter has long been rife with these fraudulent schemes, this particular bitcoin scam targets his other company – digital payments firm Square. Square Earnings Attract Bitcoin Giveaway Scammers In tandem with Square’s earnings results on Wednesday, scammers began sending emails – purportedly from the company – announcing that they had added support for the stellar (XLM) cryptocurrency. That is Read more …

For pretty much its entire ten-year history, Bitcoin has divided opinion. Some have nobly championed the cause of censorship resistant, decentralised money through immense market volatility, whilst others have slung as much dirt as humanely possible at the world’s most established digital asset. It is interesting to notice a distinct division between those who support Bitcoin use and adoption, and those who deem the fintech innovation overdue for the rubbish heap. Most of the latter represent the existing financial structure Read more …

The biggest U.S. and Canadian marijuana stocks have been on a wild ride over the last two years, but their share prices are getting pretty high. In October 2017, the Marijuana Index (think of it as the NASDAQ of marijuana stocks) started growing like a weed from $113 on Oct 26, 2017 to $363 by Jan 23, 2018. If you had invested in the S&P 500 in October 2017, then by last October, a year later, you had returns of Read more …

United States major cryptocurrency exchange Coinbase has added support for Ripple (XRP) to its retail platform and mobile apps. The exchange announced the development in a blog post on Feb. 28. The announcement states that Coinbase’s users can now purchase, sell, convert, send, receive, and store XRP both on Coinbase.com and the Coinbase Android and iOS apps. As usual, the service will reportedly be available for most jurisdictions, however it will not initially be available for residents of the United Read more …

There’s a new freelancing platform called Freelance for Coins that provides users with the ability to publish offers and bids for cryptocurrencies. In order to help facilitate deals between users, the service not only allows people to publish their bids and offers, but also provides them with a messenger for chatting. It also enables crypto invoices for coins like BTC, BCH, ETH, XMR, and a few stablecoins. Also read: Crypto Exchange Circle Partners With Financial Surveillance Provider Nice Actimize Freelance Read more …

Less than a week after the announcement of full trading support for XRP on the Coinbase Pro division of the San Francisco-based brokerage and exchange platform, the same functionality is coming to the consumer-facing wing of the firm. In addition, full support will be made available on both the Android and iOS Coinbase applications. Unlike following the previous announcement, the XRP price has remained consistent. The news that the digital asset was being launched on Coinbase Pro was greeted with Read more …

Switzerland-based cryptocurrency bank Dukascopy has warned customers that forex trading company GCG Asia is fraudulently claiming to be the bank’s authorized firm in an announcement published on Feb. 27. In the announcement, Dukascopy Bank —  purportedly the first regulated bank to launch its own initial coin offering (ICO) — cautions  that neither it nor any entities of Dukascopy Group have relations with GCG Asia, although the latter fraudulently claims the opposite. The warning reads: “GCG Asia is fraudulently using Dukascopy’s Read more …

Two long-anticipated upgrades appear to have officially activated on the ethereum blockchain, the world’s second-largest by market value, without incident. At 19:57 (UTC), the sixth and seventh system-wide upgrades to the software, dubbed Constantinople and St. Petersburg, respectively, rolled out on the main network at block number 7,280,000. As seen on blockchain monitoring website Fork Monitor, there is so far no evidence of a chain split that would suggest a portion of ethereum users are still running an older ethereum software. Past hard Read more …

A purported Bitcoin millionaire (BTC) who was previously involved in “making it rain cash” on the streets of Hong Kong, has reportedly been arrested for mining-related fraud, the South China Morning Post reports Thursday, Feb. 28. A 25-year old businessman named Wong Ching-kit and his 20-year-old colleague have purportedly been arrested by Commercial Crime Bureau officers at their office in Hong Kong. They are reportedly being held in custody for conspiracy to defraud investors by selling them cryptocurrency mining machines. Read more …

Veteran trader Peter Brandt has an oddly specific bitcoin price target – $67,193. Brandt, who boats of 40-plus years’ experience in commodity trading, arrived at this figure by taking the combined value of the 33,000 tonnes of central bank-owned gold and dividing it by bitcoin‘s fully-diluted currency supply of ~21 million coins. $67,193This is what one $BTC will be worth if the the composite value of Bitcoin (at 21 MM mined) equals the value of the 33k tonnes of Gold Read more …

While Venezuela’s economy continues to suffer under the haphazard mismanagement by Nicolás Maduro, it has caused the country’s citizens to rely on Bitcoin as a currency, store of value, and its use to transfer funds across borders. Bitcoin has been at the center of many discussions claiming that the entire country is turning to the leading crypto by market cap, with one recent op-ed in the New York Times offering up a story how it saved one struggling Venezuelan citizen’s Read more …

Privacy has been a heated discussion for decades. Recently, legislation has been passed to provide greater protections for consumer data including GDPR, BDSG-New, and CCPA. The age-old question is: “If you aren’t doing anything wrong, why do you need privacy?” The answer isn’t so simple. Ranging from the mental health impacts of not having privacy to determining what is “wrong” or who decides what is “wrong”, arguments have no bounds on the topic, hence a base-level provision for personal privacy. Read more …