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Cryptocurrency News

$4 Billion OneCoin Crypto Ponzi Scheme Promoter in Singapore To Pay $72,000 Fine

A 52-year-old Singaporean man has been found guilty of promoting the infamous OneCoin cryptocurrency Ponzi scheme more than three years ago. Man to Pay $72,000 As Fine According to reports by local media The Straits Times, Fok Fook Seng, a middle-age Singaporean citizen, was convicted for engaging in marketing activities that link to OneCoin between Read more…

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Cryptocurrency News

U.S. bank JPMorgan: Bitcoin shows “strong” resilience even after massive price plunges, cryptocurrency is here to stay

JPMorgan Chase, one of the world’s largest banks with $2.6 trillion under management, acknowledged Bitcoin’s “staying” power earlier this week. The bank gave “mostly positive” feedback after an internal assessment for the pioneer cryptocurrency. Trader’s utopia Eleven years after Bitcoin’s introduction — a period which saw scams, hacks, global media coverage, stomach-wrenching price drops, and Read more…

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Altcoin Blockchain Cryptocurrency News

Cardano Completes Hard Fork Paving The Way For Shelley Launch

Crypto platform Cardano has successfully completed a mainnet hard fork which brings the system closer to the long awaited Shelley release. The upgrade also resulted in a minor price boost for ADA. Cardano Forked to OBFT IOHK has completed an important update which is part of the journey to launching Shelley era functionality on the Read more…

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Bitcoin Cryptocurrency News

Why Bitcoin and Crypto will be Properly Understood Much Later?

Bitcoin arose as a pretty high-minded idea, engendered in specialized cryptography forums. In its early days, its merits have been discussed by communities like the LessWrong forums. Bitcoin Gained a Bad Reputation in its Early Days Crypto assets and Bitcoin, in particular, gained a public image of being a simple-minded Internet coin, used by gamers Read more…

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Bitcoin Cryptocurrency News

Bitcoin and Gift Cards Are Powering a Million Dollar Remittance Market in Africa

It was my junior year of college when I had my formal introduction to Bitcoin. On that bright but brisk autumn day in 2015, my buddies and I ventured into the lone drug store in the parish-pump, truckstop town that accompanied my woodland-tucked university.  Being one of the only convenience stores in town, most students Read more…

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Bitcoin Cryptocurrency News

Coinjer Scam is Making the Rounds, Here’s What You Need to Know

The Coinjer scam is one of the latest cons to hit crypto-related social media recently. The scam primarily operates across Telegram channels and tricks people into coughing up bitcoin in order to receive more.  The Coinjer Scam Promises BTC Rewards The Coinjer scam is a relatively small-scale attempt to syphon away Bitcoin (BTC). The scheme Read more…

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Bitcoin Cryptocurrency News

Top 5 Common Misconceptions About Bitcoin

75% of US adults have heard about Bitcoin. But their information doesn’t always come from reliable sources. Whether they believe it’s magic internet money or a vehicle for drug lords and pedophiles, here are the 5 biggest Bitcoin misconceptions around. The Most Common Bitcoin Misconceptions 1. Bitcoin Is Anonymous It’s not surprising that one of Read more…

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Blockchain Cryptocurrency News

Cryptomining Attacks Remain One of the Nastiest Malware Threats of 2019

Cryptography is a tool that can work in two different ways. It can be used to hide information using encryption or, with the correct information, it can be used to track data. The latter is what people are talking about when they name transparency as the primary value of cryptocurrency or blockchains. Under most circumstances Read more…

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Bitcoin Cryptocurrency News

4 Reasons Why Bitcoin is So Popular in South Africa

Bitcoin and cryptocurrencies, in general, continue to thrive in South Africa even as such interest comes with a multitude of scams and fraudulent investment schemes. The country even ranks second in the world for bitcoin searches according to Google Trends. Here are four reasons for the continued interest in bitcoin among South Africans. (1) Internal Read more…