The crypto-community celebrates the 8th anniversary of the first commercial transaction in which Bitcoin was used as a real-world currency to pay for an item. Two Pizzas for 10,000 Bitcoins On 17 May 2010, computer programmer Laszlo Hanyecz posted on the Internet a request to buy a pizza paying with bitcoins. A few days later, Hanyecz was successful. He bought two pizzas for 10,000 bitcoins from Jeremy Sturdivant, whose username was “jercos.” On May 22, 2010, Hanyecz posted on Bitcointalk forum, “I just want to report that I successfully traded…
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70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes
Forty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mass Crackdown The North American Securities Administrators Association (NASAA) said Monday that US and Canadian securities regulators have launched nationwide investigations on suspicious cryptocurrency investment schemes, the Washington Post reported. This is “the largest coordinated crackdown to date by state and…
Read MoreVerge (XVG) Hacked Again, 35 Million XVG Tokens Reportedly Generated by Hacker
It appears Verge has suffered another hack, barely one month after the previous attack. According to reports filtering in on online crypto forums, the attackers seem to be using pretty much the same tactics at the last time. Hacker Used Modified Version of the Previous Attack Vector According to Bitcointalk user “Ocminer,” the attacker used a modified version of last month’s attack vector to spoof the blockchain. Instead of one algorithm, the hacker used two algorithms to fork the main Verge chain, claiming all the block rewards and earning millions…
Read MoreCrypto Scams Comprise 0.6% of Fraud – Australian Consumer Watchdog
The Australian Competition & Consumer Commission (ACCC) has released a report on trends within the scam economy during 2017. The report identifies cryptocurrency related fraud to comprise less than 1% of the scam activity recorded in Australia last year. Also Read: Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition Cryptocurrency Scams Responsible for 0.6% of Australian Losses to Fraud in 2017 The ACCC has published its annual report on the Australian scam economy. The report provides insight into “emerging trends and techniques employed by scammers.” During 2017, the…
Read MoreSatoshi Nakamoto is Female: Women in the Cryptocurrency Industry
Is ‘Satoshi Nakamoto’, the mysterious, anonymous creator of Bitcoin the original cryptocurrency, actually a woman? In 2008 Nakamoto authored the white paper describing the most famous crypto, from which all other cryptos have spawned. In a community and industry dominated by men, the statement “Satoshi is a female” – a theory promoted by New York Congresswoman Carolyn Maloney at the Women on the Block event in Brooklyn on May 13 – is extremely provocative. To many, it is akin to suggesting that Jesus was a girl. Ms. Maloney may have…
Read More4 Reasons for Bitcoin’s Price Volatility
It goes without saying that the Bitcoin price index has been on a rollercoaster ride, especially in Q4 2017 and Q1 2018. Why such extreme volatility? Here are four possible culprits contributing to the wild price swings. At this time last year, Bitcoin was trading at a price slightly higher than $2,000, according to CoinMarketCap. By the end of 2017, it had reached its all-time high (ATH) of around $20,000 and a market cap of more than $325 billion, marking an unprecedented surge. Yet, the first quarter of 2018 hasn’t…
Read MorePR: eToro Announces Expansion Plans
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. – Launch of a crypto exchange and wallet – – Bringing crypto offering to the U.S. market – Global investment platform eToro has today announced plans to expand its cryptocurrency capabilities and subject to regulatory approvals will launch an exchange and a digital wallet. eToro…
Read MoreBlockchain on the Rise in 2018 Despite Crypto Price Decline
2017 was a stellar year for crypto prices and ICO earnings. The astronomic climb in bitcoin prices and the millions of dollars raised by numerous ICO projects stole most of the headlines. In 2018, crypto prices have taken a hammering but blockchain, the underlying technology appears to be flourishing. Major Corporations Embrace Blockchain Only a few notable figures in the finance world dismiss both bitcoin and blockchain. Many identify with blockchain technology even if they are critics of bitcoin and cryptocurrency. In 2018, banks have led the way in the…
Read MoreCanadian Regulator Warns Investors of Five Cryptocurrency Firms
The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Warning to Investors The Ontario Securities Commission (OSC) published an Investor Alert on Friday, warning the public of five firms that “appear to be involved in schemes that target Ontario investors and encourage them to trade or invest in cryptocurrencies,” stating: Btcreal, Bitserial,…
Read MoreBlockchain Apps Take Over South Korea
Blockchain apps are an integral part of the sprawling tech landscape in South Korea. The technology behind Bitcoin is no longer the exclusive preserve of the finance world in the country. From gaming to fitness, app developers compete against each other to capture the attention and imagination of the public. Fierce Competition Among IT Giants Usually, startup enterprises are the heart of blockchain innovation with established firms seemingly slow to come to the party. However, in South Korea, IT behemoths like Kakao and Naver have jumped on the blockchain bandwagon.…
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