Research from Rutgers University has found a link between trading cryptocurrency and compulsive gambling. Apparently, regular gamblers can view cryptocurrency trading as an additional high-risk activity — with a similar rush. Quelle Surprise The study involved 876 adults who had gambled at least monthly in the past year — defined as regular gamblers. It found that over 50 percent of these ‘regular gamblers’ had also traded cryptocurrency in the same 12-month period. It is almost unbelievable to think that a person who gets a buzz from risking money in the…
Read MoreDay: March 12, 2019
Old School Altcoins Can’t Stop Popping
Viacoin. Groestlcoin. Steem. Enjin. Civic. Long forgotten altcoins and dormant shitcoins have been having a fun week. Left, right, and center altcoins have been popping off, producing 100%+ gains for those fortunate to have been holding a bag. The question on many traders minds is whether these movements are isolated events or evidence of something greater on the horizon. Could this signal the imminent return of alt season? Also read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets Altcoins Keep Popping Off Like Champagne Corks Trading volume remains muted and…
Read MoreEY Executive Says Bitcoin Has No Practical Use in India
An EY executive who recently visited India and met with a number of government agencies has voiced his opinion about the future of cryptocurrencies in the country. He believes that bitcoin has no practical use, is just another “foreign” currency, and its widespread adoption could be “very damaging to the global economy.” Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval ‘No Practical Use’ Paul R. Brody, EY’s Global Innovation Leader (Blockchain), has shared his thoughts on the future of the crypto industry in India after his…
Read MoreLedger Reveals Physical Exploits Against Trezor Hardware Wallets
The battle of the hardware wallets is heating up. At this weekend’s MIT Bitcoin Expo in Boston, Charles Guillmet, Chief Security Officer of Ledger, presented a number of physical attacks that could be executed against Trezor hardware wallets. He also outlined an attack on their rival’s device that Ledger has refrained from making public because it is not patchable. Also read: How the World’s Leading Banks Help Launder $2 Trillion a Year Ledger CSO Runs a Train on Trezor Like any self-respecting hardware wallet (HW) manufacturer, Ledger rigorously pen tests…
Read MoreMalta Appoints Cybersecurity Firm Ciphertrace to Monitor Crypto Transactions
The Malta Financial Services Authority (MFSA) has appointed U.S. cybersecurity company Ciphertrace to help with compliance monitoring of crypto assets. Ciphertrace will be expected to keep track of transactions that pass through local crypto exchanges and digital wallets including ICOs, screening for potential money laundering and terrorism financing violations. Also read: Fidelity’s Cryptocurrency Arm Starts Offering Institutional Investor Services Detecting Illicit Financial Flows The MFSA is currently sifting through applications from 29 cryptocurrency businesses that are seeking approval to operate as what are known as virtual financial agents (VFAs), the…
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