On Wednesday, the Federal Bureau of Investigation detained a 37-year-old man for an alleged crypto mining scam of over a dozen people out of $1.8 million in a lengthy crypto mining scheme.Officials say Chester "Chet" Stojanovich pretended to be a crypto mining equipment dealer between March 2019 and September 2021, convincing would-be customers to pay large sums for mining machines as well as miner-hosting facilities, which St
Blockchain is not just a difficult idea to grasp for those unfamiliar with the word, but it also has an intriguing backstory that lends it an air of mystique about it. The design was the underlying concept of the future of blockchain technology, which functions as a decentralized public ledger. This technology, like any other, has a past, a present, and a bright future to consider, just like any other technology does. Conside
Regardless of the downturn of the market in 2018, we experienced the level of crypto adoption never seen before as development teams strived to market their products to merchants all over the globe. Judging from the reports making the rounds in the crypto space, it is safe to say that the same level of retail-driven adoption is already shaping up to transform the general outlook of the market in 2019.
What we have learned so
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New Zealand-based cryptocurrency exchange Cryptopia has resumed trading on 40 trade pairs, according to a tweet from the firm on March 18. In the tweet, the company announces that it has “resumed trading on 40 trade pairs that we have quantified as secure. We will continue to expand this list as we clear more coins.” This update follows the exchange’s recent announcement of the plans to reopen trading on its
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Most experienced Crypto users are well-aware of the means that must be undertaken to protect their wealth. Thus, most experienced Crypto users strictly avoid hot wallets and opt for hardware wallets, as it’s widely known that hardware wallets can enable coin transfers without the security risks associated with hot wallets. The private keys stored in hot wallets are extremely vulnerable to cyber-attacks and this m
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Singapore-based exchange DragonEx says it has been hacked for an undisclosed amount in a number of cryptocurrencies. DragonEx announced the news on its official Telegram channel on Monday, stating that, on Sunday, March 24, it had suffered a cyberattack that saw cryptocurrency funds owned by users and the exchange “transferred and stolen.” No information has yet been provided on the value of the losses. On Su
The controversy surrounding the much talked about Brexit is getting messier with every passing day. As a matter of fact, it is becoming difficult to gauge its ramifications on the economy that has prided itself as one of the most effective financial hubs in the world. One thing is for sure, Brexit will definitely have an effect on the global economy.
Although crypto is built on a decentralized system, still the imminent break
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South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job. The company confirmed in statement on Saturday that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29. The exchange suspended asset withdrawals and deposits on the platform aft
The mainstream status of crypto and blockchain has led to an explosion of crypto-related firms. Consequently, this has become a catalyst for the emergence of regulations and policies that are meant to set standards for crypto-related firms. You must have heard that various nations are working on rolling out tax policies or guidelines that will help individuals and firms properly pay taxes on their crypto related revenue.These
