Bitcoin miners use specific software to solve math problems. They are issued bitcoins in exchange. Sounds good, but there is no central place or government for bitcoin regulation. With paper money, the government decides when to print and distribute money. Bitcoin miners keep the Bitcoin system protected by supporting dealings.…
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Cathy Thompson
Cathy is a multidisciplinary author with expertise in cryptocurrency & investing. Her degree in business administration and 20+ yrs writing experience gives her unique insight into crypto markets.
SEC's New Cyber Unit Seeks Out ICO Scams
Initial coin offerings are the current way to make money and get rich. A new part of the Securities and Exchange Commission (Cyber Unit) has been developed to investigate and prosecute ICOs. The first charges from the SEC targeted a scam that raised $15 million from thousands of investors with…
Futures Go-live as Bitcoin Prices near $17,000
The world’s largest future exchange, CBOE, launched a Bitcoin future product recently. So far, so good for Bitcoin: the current price is $16,938, states CoinMarketCap. This is up approximately 23% in the last 24 hours. Bitcoin is currently caped at $283 billion. In the first 2 hours, CBOE…
Cryptocurrency Tether Hacked but Bitcoin Rebounds Higher than Anticipated
*$8,362.30 was an all-time high for Bitcoin *Hackers stole approximately $30 million from investors of a start-up cryptocurrency that was backed by dollars. This did not affect Bitcoin who had a stellar year, rising more than 730 percent. Another cryptocurrency was hacked, but bitcoin prices recovered quickly and…
KPMG Accounting Giant Promotes Blockchain Advocacy Group
KPMG one of the four largest accounting giants has joined the Wall Street Blockchain Alliance (WSBA). KPMG has joined the non-profit trade Association, WSBA, as a corporate member. KPMG will take a seat on the board of directors, according to a recent press release. Eamonn Maguire, global leader for KPMG’…
Class Action Law Suit is Aimed at Tezos Founders
In less than three weeks, a second class action law suit has been filed against the founders of the Tezos project. Filed in U.S. District Court in Florida, Tezos founders, Arthur and Kathleen Breitman, have been charged with selling unregistered securities. In July, they raised $232 million in their…