Category Archives: Coins

98 Percent of Bitcoin (BTC) Mining Rigs to Become Obsolete

98 Percent of Bitcoin (BTC) Mining Rigs to Become Obsolete

While Bitcoin mining remains a lucrative industry, its negative environmental impact shouldn’t be understated. According to new research conducted by PWC’s blockchain expert Alex de Vries, 98 percent of existing cryptocurrency mining hardware will become useless, and will most likely create massive piles of e-waste.  Related A cut-throat competition  With constantly increasing hashrate and mining difficulty, […]

98 Percent of Bitcoin (BTC) Mining Rigs to Become Obsolete

98 Percent of Bitcoin (BTC) Mining Rigs to Become Obsolete

While Bitcoin mining remains a lucrative industry, its negative environmental impact shouldn’t be understated. According to new research conducted by PWC’s blockchain expert Alex de Vries, 98 percent of existing cryptocurrency mining hardware will become useless, and will most likely create massive piles of e-waste.  Related A cut-throat competition  With constantly increasing hashrate and mining difficulty, […]

Hackers Have Stolen Nearly $10 Bln in Crypto Since 2017: Details

Hackers Have Stolen Nearly $10 Bln in Crypto Since 2017: Details

Bloomberg has shared details of a recent report about the amount of cryptocurrencies stolen by hackers since 2017 from investors and long-term holders. Overall, at least $9.8 bln has been stolen, it says. In the document, the accounting company KPMG stated that such crypto assets as Bitcoin and Ethereum have become popular among institutional investors […]

Hackers Have Stolen Nearly $10 Bln in Crypto Since 2017: Details

Hackers Have Stolen Nearly $10 Bln in Crypto Since 2017: Details

Bloomberg has shared details of a recent report about the amount of cryptocurrencies stolen by hackers since 2017 from investors and long-term holders. Overall, at least $9.8 bln has been stolen, it says. In the document, the accounting company KPMG stated that such crypto assets as Bitcoin and Ethereum have become popular among institutional investors […]

Chinese Bitcoin (BTC) Criminals Who Used Apple Gift Cards to Launder Crypto Indicted by U.S.

Chinese Bitcoin (BTC) Criminals Who Used Apple Gift Cards to Launder Crypto Indicted by U.S.

Two Chinese cryptocurrency criminals, Li Jiadong and Tian Yinyin, were charged by the Office of Foreign Assets Control (OFAC). Their indictment marks the strongest attempt of the Trump administration to curb cryptocurrency crime in North Korea.  “The United States will continue to protect the global financial system by holding accountable those who help North Korea engage in cyber-crime,” […]

Chinese Bitcoin (BTC) Criminals Who Used Apple Gift Cards to Launder Crypto Indicted by U.S.

Chinese Bitcoin (BTC) Criminals Who Used Apple Gift Cards to Launder Crypto Indicted by U.S.

Two Chinese cryptocurrency criminals, Li Jiadong and Tian Yinyin, were charged by the Office of Foreign Assets Control (OFAC). Their indictment marks the strongest attempt of the Trump administration to curb cryptocurrency crime in North Korea.  “The United States will continue to protect the global financial system by holding accountable those who help North Korea engage in cyber-crime,” […]

Tim Draper Would Make Bitcoin (BTC) National Currency if Elected President

Tim Draper Would Make Bitcoin (BTC) National Currency if Elected President

As 14 U.S. states, including California and Texas, are preparing to vote on Super Tuesday, venture capitalist Tim Draper describes what America would look like if he was elected president (at least for one day).  On top of breaking California into six separate states and pardoning Silk Road founder Ross Ulbricht, Draper would also make Bitcoin a […]

Tim Draper Would Make Bitcoin (BTC) National Currency if Elected President

Tim Draper Would Make Bitcoin (BTC) National Currency if Elected President

As 14 U.S. states, including California and Texas, are preparing to vote on Super Tuesday, venture capitalist Tim Draper describes what America would look like if he was elected president (at least for one day).  On top of breaking California into six separate states and pardoning Silk Road founder Ross Ulbricht, Draper would also make Bitcoin a […]

Business Mogul Chris Kirubi Embroiled in ‘Bitcoin Profit’ Scam: Details

Business Mogul Chris Kirubi Embroiled in 'Bitcoin Profit' Scam: Details

Kenyan tycoon Chris Kirubi has become yet another billionaire whose name was used for promoting a Bitcoin scam.  In a new tweet, Kirubi writes that he’s not involved in the “Bitcoin Profit” investment scheme, and the information from his bogus interview is “misleading” and “deceptive.” It has come to my attention that a website has been using my […]

Business Mogul Chris Kirubi Embroiled in ‘Bitcoin Profit’ Scam: Details

Business Mogul Chris Kirubi Embroiled in 'Bitcoin Profit' Scam: Details

Kenyan tycoon Chris Kirubi has become yet another billionaire whose name was used for promoting a Bitcoin scam.  In a new tweet, Kirubi writes that he’s not involved in the “Bitcoin Profit” investment scheme, and the information from his bogus interview is “misleading” and “deceptive.” It has come to my attention that a website has been using my […]