If the collection of endless memes created on your favorite social media sites could be condensed into a mascot for a new crypto-currency, what would it look like? Those of you in-the-know already see where I’m going with this. Yes, you would condense those memes into the face of a Shiba Inu). The creators of one of the most popular crypto-currencies available saw the obvious potential of cross-pollinating this ultimate symbol of the internet (the Shiba Inu) and our favorite topic of the day, crypto-currency. And in order to solidify their creation’s place in history as the ultimate crypto-meme, the creators ofPowered by WPeMatico
Most people are well aware of how the majority of Bitcoin mining takes place in China. Not only is this a centralization problem, it also means China is still dictating the Bitcoin landscape to a certain extent. Last week, news broke that the Chinese government was cracking down on Bitcoin mining. It seems a portion of that information was vastly overstated, even though mining business operators were asked to exit the industry in an orderly fashion. The Future of Bitcoin Mining in China It was only a matter of time before the Chinese government turned its attention to other parts of the cryptocurrency industry which
With so many new people entering the world of cryptocurrencies, it is only normal that there will be issues encountered along the way. Not only do we see exchanges struggle to keep their infrastructures up and running, but Ledger is also experiencing delays. More specifically, the company has seen such a huge demand for its Nano S hardware wallet, new shipments have been delayed until March 19. This is a blessing and a curse at the same time, although it will cause a fair amount of friction in the community. Ledger’s Popularity can be a Burden On the one hand, it is good
In the world of cryptocurrencies, people tend to take unnecessary risks. Especially when it comes to obtaining and storing said cryptocurrencies, there is no reason whatsoever to look for shortcuts or save a few dollars. One Reddit user found this out the hard way. He purchased a malicious hardware wallet from eBay, which allowed the assailant to empty his crypto balances in quick succession. Close to US$30,000 worth of funds were stolen, and the chances of recovering them are slim to none. Beware of Hardware Wallets on eBay There is a very good reason why no one should buy anything cryptocurrency-related from auction platforms such
Earlier this week, the Bitcoin Cash community woke up to a rather nasty and unexpected surprise. Someone – or a group of people – had successfully compromised Reddit’s email provider. As a result, the assailant(s) managed to obtain an unspecified amount of Bitcoin Cash from multiple Reddit accounts. These balances were associated with the Bitcoin Cash tip bot, which has become rather popular over the past few weeks. More information regarding this incident came to light over the weekend. Reddit Hack Impacts Bitcoin Cash Tips It is never good to see the Reddit platform be affected by a major hack. Unlike what most
Bitcoin transaction analysis has become an interesting topic of debate over the past few months. Although most governments claim Bitcoin to be anonymous, most people know that is anything but the case. Bitcoin lacks privacy, anonymity, and fungibility. BitFury Group has come up with a new way to analyze related Bitcoin addresses. Whether or not it will bring criminal activity to an end remains to be seen. Tracking Down Criminals Using Bitcoin If there is one major downside to the use of Bitcoin, it is that it will always be associated with criminal activity. Although it is true that the darknet adoption
The South Korean authorities will start inspecting major banks for their compliance with cryptocurrency regulations on Monday. This move follows the regulators’ recent announcement prohibiting the use of virtual bank accounts for anonymous trading. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Inspecting 6 Major Banks The South Korean Financial […]
The Tether company has quickly made an impact in the world of cryptocurrencies. Although there are some concerns about the company and its liquidity, it is moving ahead in an effort to expand its presence. Its latest venture involves using both USDT and EURT on top of the Ethereum blockchain. It is a pretty interesting development, considering that both of these currencies are compatible with the ERC20 token standard. Ethereum-based EURT and USDT Have Arrived It is always interesting to see how companies deal with the concept of fiat-backed stablecoins. Although Tether has built up a rather solid reputation in this regard, there are still people who
Recently, the US Attorney General, Jeff Beauregard Sessions, rescinded Obama-era memos which allowed states that had legalized marijuana (either recreationally, medically, or both) to grow and operate their businesses without too much fear of federal government intervention. While we could talk for hours about this questionable decision from a man who has championed himself as a states’ rights advocate in the past, I wanted to focus on what it may mean for markets and for a cryptocurrency dedicated to the cannabis industry, PotCoin. Sessions’ decision may have implications for PotCoin PotCoin is an altcoin that was created to facilitate transactions
It has been a pretty interesting weekend for most cryptocurrencies. Although Bitcoin is still struggling as we speak, other currencies are recording new highs. The Monero price, for example, reached a new all-time high in US Dollar value of $475. A very interesting development, especially when considering how this currency doesn’t necessarily have the appeal of other currencies which surge in value these days. Monero Price Surpasses $475 It doesn’t happen all that often the Monero price gets people excited these days. Unlike most currencies which are in the top 20 ranked by market cap, Monero doesn’t get major pump-and-dump