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cryptocurrency
05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
03/18/2022
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By News Editors
The cashless life won’t be worth living
While they have us freaking out about “Ukraine,” our overlords are moving swiftly to rendition all of us into the global cyber-gulag of a social credit system, enabled by a digital currency doled out (or not) by the central banking system. (Article by Mark Crispin Miller republished from MarkCrispinMiller.Substack.com) This report, from December, 2021, “assess[es] market opportunities for […]
03/04/2022
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By Ramon Tomey
Off the radar: Indicted BitConnect founder Satish Kumbhani disappears
The founder of a cryptocurrency company linked to a billion-dollar Ponzi scheme is nowhere to be found. Satish Kumbhani reportedly disappeared following his indictment over an alleged $2.4 billion Ponzi scheme. The Securities and Exchange Commission (SEC) acknowledged the BitConnect founder’s disappearance in a Feb. 28 filing. Senior trial counsel Richard G. Primoff wrote in the filing […]
03/01/2022
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By Ethan Huff
SWIFT sanctions against Russia may be pointless due to rising alternatives such as Ripple and CIPS
The Biden regime along with numerous European nations have imposed “crippling financial penalties” on Russia for its invasion of Ukraine. But are these penalties really doing anything? Russia’s removal from the SWIFT financial system, for instance, could be a meaningless move as SWIFT appears to already be on the way out. Blockchain startup Ripple Inc. […]
02/22/2022
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By Nolan Barton
Tammy Cuthbert Garcia: Imagine the power they will exercise over us when they control one centralized currency
Tammy Cuthbert Garcia slammed the Canadian government for infiltrating private entity platforms GoFundMe and GiveSendGo to sabotage the largely successful Freedom Convoy. “The money is still not being distributed. That’s how much power the government has over this fund. And these are private companies. Imagine the power they will exercise over us when they control […]
12/08/2021
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By Matthew Davis
Hackers steal $196 million from crypto trading platform Bitmart
Blockchain security and data analytics firm Peckshield on Saturday, Dec. 4, revealed that hackers have taken $196 million from crypto trading platform Bitmart. Bitmart confirmed the hack in an official statement, branding it “a large-scale security breach” and saying that hackers withdrew about $150 million in assets – which is less than the estimate of Peckshield. Following […]
08/13/2021
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By Ramon Tomey
Hackers target Poly Network crypto platform, steal more than $600 million
Hackers targeted cryptocurrency platform Poly Network and stole $611 million worth of crypto tokens. Poly Network confirmed the hack – suspected to be the largest decentralized finance (DeFi) fraud – on Aug. 10. The platform promised legal action against the hackers and called on crypto exchanges to block the stolen tokens. A Cryptonews report provided […]
06/15/2021
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By Nolan Barton
Cybercriminals ditching Bitcoin in favor of Monero
Cybercriminals who thought transacting in cryptocurrency automatically protected them from scrutiny were proven wrong when the Federal Bureau of Investigation (FBI) successfully breached a crypto wallet held by the Colonial Pipeline hackers. Now with this in mind, hackers have started turning to coins with anonymity built into them, such as Dash, Zcash and Monero. Monero, in particular, is quickly becoming […]
07/14/2018
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By Russel Davis
Have YOU been “cryptojacked?” Bitcoin miners are hacking computers; experts explain how to find out if you’ve been hit
Computer users may want to double check if something – or someone – is latching onto their devices, as experts recently raised the alarm on cryptojacking. Tech experts defined cryptojacking as an online activity that aims to exploit an untapped resource to develop an alternative revenue stream for games or media sites and simultaneously reduce the need to […]
06/28/2018
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By Ethan Huff
After all the hype, Bitcoin can only process 1/1000th the number of transactions as VISA… cryptos “fatally flawed” warns report
The concept behind a peer-to-peer digital currency that’s controlled by the people rather than a private central bank is highly appealing in this day and age of ever-rising inflation. But the practical use of cryptocurrency is a completely different story, particularly with Bitcoin, which a new report says simply can’t be properly scaled for widespread […]
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