If you’ve been reading the financial news recently, you’ve probably seen news about cryptocurrencies. In the time of the Coronavirus pandemic, many people became interested in investing in Bitcoin and other cryptocurrencies.
Author: bitcoinstake
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Texas-based cryptocurrency blockchain startup Whinstone has invested 80 million in expanding its operations. The investment has helped the company to employ 100 people since it first moved to town. However, the town has yet to see significant growth, despite the company’s large investments. Its operations are largely reliant on the power of existing electrical lines.
Read More “Texas-Based Whinstone 80m Expands Its Cryptocurrency Blockchain Mine” »
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The COTI cryptocurrency price is driven by supply and demand on cryptocurrency exchanges. In the last few months, the price of COTI has been fluctuating exponentially. It broke the $0.50 mark on March 30, 2021, and reached $0.48 on August 25, 2021. It then increased to $0.6826 on October 31, 2021. However, it fell to $0.48 on December 31, 2021, losing 44% of its value.
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Free software advocate Dr. Richard Stallman discusses GNU Taler, a cryptocurrency alternative. Taler is not really a cryptocurrency, but can be used as a digital payment system. We asked Stallman about his experience with cryptocurrency and whether he has ever made a transaction with a cryptocurrency such as Bitcoin.
Read More “Richard Stallman Speaks Cryptocurrency Taler Encryption” »
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A recent development in the world of cryptocurrency has led to a lot of discussion. It has seen a number of changes, including the removal of the Autobuild feature from free tiers and pricing changes. Is this just a growth hack, or are they reacting to mining abuse?
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Cryptocurrency is a hot topic in today’s world, and Dr. Phil tackles the topic head on. Proponents are hailing it as the future of finance, but detractors claim it’s nothing more than a scam. On the show, he meets 24-year-old JP, who claims he can generate $1 million in Bitcoin a month. The pair goes head-to-head with financial expert Jeffrey Robinson, who says cryptocurrencies are not only a scam but are harmful to the environment. Cryptocurrency enthusiasts Larissa and King Bless are also featured, and King Bless says it levels the playing field between the haves and the have-nots.
Read More “Dr Phil McGraw Goes Head to Head With Cryptocurrency” »
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The Federal Bureau of Investigation has identified 270 blockchain addresses as responsible for cryptocurrency laundering. There are more than 583 deposit addresses that received funds sent to these addresses. Of those, 45 received 24% of the funds sent from illicit addresses. These findings could impede the ability of criminals to convert cryptocurrency into cash.
Read More “270 Blockchain Addresses Responsible For Cryptocurrency Laundering” »
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GNU taler encryption is a free software solution for micro-transactions and electronic payments. It was created by Richard Stallman, a prominent figure in the GNU movement. Its creators believe it can provide more privacy than cryptocurrencies.
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A recent report from Chainalysis shows that 270 cryptocurrency service deposit addresses are the most commonly used for illicit cryptocurrency money laundering. Combined, they account for roughly 55% of all cryptocurrency money laundering. This number is expected to rise to seven million by 2020 and the total amount of illicit cryptocurrency will top $13 billion. Illicit cryptocurrency transactions may be hidden in legitimate transactions, or they may be nested within them.
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The recent E*TRADE cryptocurrency trading scandal has highlighted the volatility of the crypto market. The murky regulation of this market has caused a significant drop in the price of cryptos. In just one month, the market cap of Initial Coin Offerings (ICOs) fell from $5.8 billion in June 2018 to only $208.6 million in May. This means that traders have to be careful and vigilant when investing in ICOs.