Last week’s stock market crashes sent investors scrambling for safe assets. While the Dow Jones lost thousands of points, gold shot up over $30 per ounce as investors poured their money into a traditional safe asset. But while traditional safe harbors climbed in price, Bitcoin’s price dropped several hundred dollars. That confounded observers who thought […]
It’s no surprise to anyone who has followed cryptocurrency markets that cryptocurrencies are popular with investors. Unfortunately, cryptocurrencies have also become popular with criminals. That’s particularly the case with criminals who engage in cryptojacking, hijacking other people’s computers in order to harness their processing power to mine new units of various cryptocurrencies. The number of […]
While cryptocurrencies have become more and more popular with consumers and investors, even governments are starting to get in on the action. By now everyone is familiar with Venezuela’s petro, and with Iran’s attempts to create its own cryptocurrency. Even larger countries such as India are exploring the possibility of issuing their own cryptocurrencies, and […]
In a new push to engage institutional investors, US cryptocurrency exchange Coinbase has opened an office in New York city. The office, which Coinbase hopes to staff with up to 150 employees in the near future, will help to engage Wall Street and the US financial industry and aid in the adoption of Bitcoin and […]
Coinbase CEO Brian Armstrong recently stated that within five years he expects the number of people within the cryptocurrency ecosystem to increase from 40 million to one billion. That would be a tremendous leap in adoption, meaning about 1 in 7 people around the world would be active in the cryptocurrency sphere, either as a […]
Following in the footsteps of cryptocurrency businesses in South Korea and Japan, four US cryptocurrency exchanges have established a self-regulatory organization (SRO). The four, Gemini, Bitstamp, Bittrex, and bitFlyer USA, have created the Virtual Commodity Association Working Group, with the goal of becoming a self-regulatory organization for the US cryptocurrency industry. Among the aims of […]
A recent survey of investors and consumers found that the majority want to buy more cryptocurrencies within the next 12 months. The survey, conducted by Sharespost, asked questions of nearly 2,500 consumers and over 500 individual accredited and institutional investors. Despite the short-term downswing in cryptocurrency prices, 59 percent of investors and 72 percent of […]
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 […]
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 […]
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 […]
