Category: Cryptocurrency

The US Securities and Exchange Commission (SEC) recently rejected nine applications to register Bitcoin exchange-traded funds (ETFs). ETFs have become a popular method for investors to gain exposure to alternative assets such as gold, oil, and other commodities without having to actually purchase the commodities themselves. The general way in which ETFs operate is that […]

One of the side effects of the surging popularity of cryptocurrencies has been the overwhelming demand for computer video cards. Due to the performance of the graphics processing units (GPUs) in video cards, they make an ideal source of computing power to mine numerous popular cryptocurrencies. And while Bitcoin mining has long been more efficient […]

Federal authorities in California recently arrested a Serbian national in connection with a hacking attack on a San Francisco video game company. Arrested at San Francisco International Airport as he attempted to board a flight to Serbia, Martin Marsich was accused of accessing 25,000 accounts that customers could use to purchase in-game items. Using the […]

When famed bank robber Willie Sutton was asked why he robbed banks he replied, “Because that’s where the money is.” With a financial system that is increasingly electronic, the money is more and more often no longer stored in banks, instead it’s stored online. So it’s no surprise that criminals continue to go to where […]

Venezuela isn’t the only country that will be developing its own national cryptocurrency. Iran has once again proclaimed that it, too, intends to develop its own national cryptocurrency with the aim of evading US sanctions. How exactly the country intends to do that remains unclear. The timeline of the cryptocurrency’s development hasn’t been publicized either, […]

It probably shouldn’t be too surprising to most people that hackers are the number one threat in the cryptocurrency world. Hacking was a problem even when Bitcoin wasn’t terribly valuable, with Mt. Gox having been a victim from 2011, when Bitcoin peaked at over $30, to 2014, when the hack was finally brought to light […]

In response to the hyperinflation and devaluation of the Venezuelan bolivar, the Venezuelan government has announced that it is creating a new national currency, the bolivar soberano (sovereign bolivar), which will replace the existing bolivar fuerte (strong bolivar). The new national currency will be pegged to Venezuela’s oil-backed cryptocurrency, the petro. This is the first […]

US Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo testified before the House Agriculture Committee last week. During the hearing he admitted that the agency has fallen behind on the issue of cryptocurrency regulation. In a field that develops as quickly as cryptocurrencies, by the time regulators are able to make a decision on something, […]

History is full of examples of people who wished they had gotten in on a good investment before it hit the big time. From men who wished they had held on to their Mickey Mantle rookie cards rather than sticking them in the spokes of their bicycles, to those who wished they had invested in […]

A recent study published by the Bank of Canada indicates that the majority of Bitcoin owners hold Bitcoin for investment purposes rather than for transactional purposes. That response in the bank’s 2017 survey marks a shift from the 2016 survey, in which most Bitcoin owners held Bitcoin for transactional purposes. That’s an indicator that Bitcoin […]