Tag Archives: Bitcoin

A 77-year-old woman in Indiana has become the latest victim of a cryptocurrency scam. The individual – who remains anonymous at press time – ultimately lost approximately $12,000 to digital scammers taking on the guise of PayPal employees who sought to assist her regarding online fraud. Another Crypto Scam Is in the Books The woman received a call explaining that approximately $500 had been removed from her account through a cyberattack, and that the PayPal team needed...

For the first time in the history of the crypto space, Ethereum addresses have taken over bitcoin addresses, suggesting that the altcoin is becoming far more popular and prominent than its daddy. Ethereum Addresses Now Outweigh Those of BTC Ethereum is the number two cryptocurrency in the world. It is bitcoin’s primary competitor and for the past six years, has often been less featured than BTC when it comes to price, size, and scope, but now – according to data from...

Bitcoin has not been doing too well as of late. The currency hit a serious snag in May when after a series of negative events – including tweets from Elon Musk –the world’s number one digital asset sank by more than 40 percent, causing it to slip from its recent all-time high of approximately $64,000 per unit to the mid-$30,000 range. According to analysts at financial giant JPMorgan, bitcoin’s market share needs to jump beyond the 50 percent mark if the bearish trends...

Mercado Bitcoin – which means “Bitcoin Market” in English – is a Latin American cryptocurrency trading platform based in Brazil. Through a Series B funding round, the company managed to garner a whopping $200 million in additional funds through the SoftBank Latin America Fund, suggesting the growing presence of bitcoin and cryptocurrency in Latin American regions. Mercado Bitcoin Is at the Top of Its Game At the time of writing, the parent company of Mercado Bitcoin –...

El Salvador has opened its country to bitcoin transactions, and the news has spread like wildfire. To some, such as the World Bank, the idea of an entire nation running on BTC is risky and frightening, but to others – like senior regulators in the U.S. – El Salvador is going to need a lot of help as it leads the rest of the world towards a new digital era. El Salvador Gets Some Assistance from U.S. Lawmakers Victoria Nuland – the Under Secretary of State for Political...

Robert Kiyosaki – the famed author of the bestselling book “Rich Dad, Poor Dad” – says that a major market overhaul is coming, and that those who do not own bitcoin will likely experience harsher economic circumstances than those who do not. Robert Kiyosaki on the State of the Economy In a recent interview, Kiyosaki – known for his prowess as a financial guru over the past 20 years – stated that the Federal Reserve is ruining the American economy by overprinting the U.S....

A man named Mark Alexander Hopkins has pleaded guilty to federal charges of running a bitcoin money transmitting business without a license. Hopkins May Have Misused His Bitcoin Knowledge Hopkins is described as one of the largest crypto marketers in North Texas and is often referred to as “Dr. Bitcoin” due to his alleged knowledge of the asset and its respective space. As was revealed in court, Hopkins reportedly used his knowledge of bitcoin to work with a Nigerian...

New York University finance professor Aswath Damodaran stated in a recent interview that bitcoin has failed as a currency given that nobody can really buy anything with it. Aswath Damodaran Is Not a Fan of BTC Damodaran states: If bitcoin is a good currency, my question is, why aren’t more people using it in transactions? So, when I run into bitcoin enthusiasts, they seem to push this notion that bitcoin is a great currency because they have made a lot of money on it....

Not long ago, a billionaire in Mexico named Ricardo Salinas Pliego stated that he was working with his bank (known as Banco Azteca) to ensure customers could gain access to crypto and blockchain services. While Pliego is excited about the prospects of digital currency, his country is not as enthusiastic. Mexico Will Not Permit Banks to Enter the BTC Forum On social media, Pliego stated the following: Bitcoin is a good way to diversify your investment portfolio and I...

Michael Saylor of MicroStrategy fame is convinced that China is making a huge mistake by not allowing bitcoin operations to continue within its borders. Michael Saylor Is Critical of China’s Decisions Over the past few days, bitcoin has experienced something of a surge. It was trading for about $29,500 just over a week ago, and yet today, the currency has risen to roughly $36,000. While this is by no means a heavy boom, the currency is doing considerably better, and the...