The Bitcoin ecosystem contains a funny mix of bulls and bears. For every person who thinks that Bitcoin will hit $100,000 by the end of the year you probably have two or three who think that it will sink below $1,000. Yet despite the bearishness of many on Wall Street who think that Bitcoin is […]
One of the the reasons so many people decided to use and invest in Bitcoin was the private nature of the cryptocurrency. With Bitcoin addresses consisting of a series of numbers and letters, people could transfer money to and fro without anyone knowing who was on the other end of a transaction. Governments hate having […]
One of the highlights of Bitcoin when it was first introduced was the relative anonymity with which Bitcoin users could buy, sell, and trade Bitcoin. While all transactions are recorded on the blockchain, they merely record which addresses sent Bitcoin where, with no one being able to tie a single address to an individual person. […]
Coinbase is perhaps one of the best-known cryptocurrency exchanges to most Americans. But the company was just recently the target of a very sophisticated and long-developing hack attempt. Using various methods to develop an attack, hackers sought to penetrate Coinbase and ultimately make off with significant amounts of cryptocurrency. Thankfully the hack was detected and […]
Ever since Bitcoin’s meteoric rise to prominence in 2017, the cryptocurrency world has been full of imitators attempting to mirror Bitcoin’s performance. But Bitcoin has done as well as it has precisely because it was unique, disruptive, and filled a niche that was underserved. Other cryptocurrency imitators don’t bring anything new to the table, in […]
While Bitcoin and cryptocurrencies have made great strides in recent years in becoming more mainstream, there’s still a lot of work to be done in order to make cryptocurrency something that’s completely normalized. And with growth in the cryptocurrency industry stabilizing, cryptocurrency firms are doing everything they can to bring in new business. One of […]
Many cryptocurrency enthusiasts and analysts have suggested that Bitcoin is digital gold. That’s a pretty heady comparison, but does it really pan out? After all, gold has a track record dating back thousands of years, while Bitcoin has only been around for a decade. But recent price movements suggest that, yes, Bitcoin may be considered, […]
Recent reports have indicated that a number of cryptocurrency holders have received letters from the IRS informing them that they may owe taxes on their cryptocurrency holdings. According to copies of the letter, the IRS is telling people that the agency has: “…information that you have or had one or more accounts containing virtual currency […]
The hubbub surrounding Facebook’s new Libra cryptocurrency project hasn’t been terribly surprising. Any time a company that large undertakes a project of that magnitude, it’s bound to make waves. But surprisingly, it’s China that seems to be taking the most interest in Libra, not the US. China was the top country searching for information on […]
Ransomware is increasingly becoming a problem to cities and municipalities around the country. The ransomware attack that hit Baltimore earlier this year is perhaps the most famous one, as it brought the entire city government to its knees. The hackers took down the city’s computer systems and demanded a ransom of 13 bitcoins in order […]
