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Cloud mining of cryptocurrencies such as Bitcoin, Litecoin, Dashcoin and Dogecoin has become an increasingly popular method of generating passive income. So our team of analysts compiled a shortlist of the top six reliable and profitable cloud mining sites for bitcoin mining. The sites were selected based on several factors, including reliability, reputation and profitability. … Read more
Many of the most well-known crypto firms are not adhering to basic governance standards, the findings of a Bloomberg survey have shown. Only 31 out of the 60 polled firms “currently procure a full financial audit or reserve attestations from an independent auditor.” Industry participants have said many crypto firms are not audited because the … Read more
The South African currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of ZAR19.51:US$1 on May 12. The rand’s latest fall came a day after the U.S. ambassador to South Africa accused the country of secretly supplying weapons to Russia. Banking giant JP Morgan said it now projects South Africa’s gross … Read more
The former CEO of Paxful, Ray Youssef, has told users of the peer-to-peer bitcoin marketplace that he is no longer in control and therefore cannot vouch for “anything that is happening there now.” Youssef also told a user who claimed to have been scammed on the platform that he too has been banned from the … Read more
Democratic Party members of the U.S. House Committee on Financial Services were handed a memo instructing them to back the party’s position on crypto regulation moments before the commencement of the hearings on May 10. According to the party’s leaked memo, Democrats on the committee were expected to point to the Republican Party’s lack of … Read more
The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to plague the network, a conversation between former Bitcoin developer Gavin Andresen and the network’s … Read more
Did you know the total value of existing cryptocurrency was around $804 billion early this year? Bitcoin is not just the first-ever and best-known cryptocurrency — it’s also the most valuable. But if you’re new to the space and want to start investing in digital currency, which ones are worth it? According to one source, … Read more
Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of weapons and fake identity documents. Syrian Crypto Dealer’s Captors Were His Party Friends Spanish law enforcement recently freed a Syrian … Read more
According to John Reed Stark, crypto exchange Coinbase’s assertions that its business activities were endorsed by the U.S. Securities and Exchange Commission (SEC) when it approved its initial public offering are “a surefire loser.” According to Stark, the SEC’s approval of Coinbase’s registration statement was done to ensure the latter had made “proper disclosures in … Read more
Do you want to boost your passive income from Bitcoin and crypto? Would you like to know the quickest way to activate the bitcoin income you are now receiving? There are more opportunities for passive income as a result of the surge in popularity of cryptocurrencies. The goal of producing residual income with bitcoin is … Read more