Visa, Mastercard, eBay, and Stripe withdraw support from Facebook’s Libra Cryptocurrency Project Following in the footsteps of PayPal, eBay, Visa, Mastercard, and Stripe announced on Friday that they will no longer support Facebook’s Libra cryptocurrency project. PayPal was the first company to exit from the social media giant’s ambitious project […]
Categories Cryptocurrency
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Ukraine Crypto Miners Use Nuclear Power Plant To Mine Cryptocurrency The Security Service of Ukraine (SBU) launched an investigation after several employees of a local nuclear power plant connected some parts of its internal network to the internet for mining cryptocurrency. The incident was first reported by the English-language Ukrainian news site […]
One of the most ingenious elements of the cryptocurrency movement is its emphasis on empowering users. While sending transactions to friends, family, and customers through a bank transfer relies on the bank itself, a crypto transaction gives complete autonomy to the recipient and sender, thanks to peer-to-peer decentralized technology. Many […]
In the earliest days of Bitcoin, many of those in the space were fascinated by the potential of a peer-to-peer electronic store of value, referring to it as “digital gold.” This even became the title of Nathaniel Popper’s book on the topic. In putting together the book, he leveraged his […]
Facebook faces opposition from US lawmakers over Libra cryptocurrency amid privacy concerns Facebook finally on Tuesday unveiled its ambitious cryptocurrency project called “Libra” and its wallet called “Calibra” that it had been working on for more than a year. The Mark Zuckerberg-led company, which is hoping to begin the project […]
Libra: Facebook’s own cryptocurrency aims to empower billions of users to make financial transactions Facebook on Tuesday took a plunge into the world of cryptocurrencies by unveiling its own digital money called ‘Libra’ that can be used by billions of people using its apps and social network. The social media […]
India proposes a draft bill suggesting 10-year prison term for holding or dealing in cryptocurrency If you are involved in holding, selling or dealing in cryptocurrencies such as Bitcoin and Ethereum in India, then you may want to think twice, as you could land yourself in jail for 10 years for doing […]
Bitcoin breaches the $8,900 mark for the first time in 2019 Bitcoin (BTC), the most popular digital asset in the market, for the first time in 2019 reached a new high of above $8,900 on Sunday before retracting slightly, according to CoinDesk’s price data. The last time Bitcoin peaked that […]
By all accounts, 2018 was a rough year for the cryptocurrency markets. Bitcoin, for example, fell from $20,000 to just under $3,000—a massive loss. And other coins followed suit, many losing more than 90% of their value from the all-time high. This blood-letting drove investors out of the marketplace, resulting […]
Introduction When Bitcoin debuted in 2009 after the global financial meltdown; many people made bold predictions about it being the future of money. The underlying Blockchain technology that powered Bitcoin started getting attention after Ethereum debuted in 2013. It wasn’t long before tech enthusiasts were forecasting a decentralized world powered […]