It was recently announced that a new cryptocurrency mining farm will be created in Krai located in Siberia. This mining farm will be one of the largest of its kind in the entirety of Russia according to the director general of BitBaza, a cryptocurrency mining company. The company reportedly chose…
46 posts tagged
Cryptocurrency
JP Morgan Chase patron sues bank over cryptocurrency fees.
One of the world's largest financial institutions, JP Morgan Chase, is on the receiving end of a lawsuit levied by plaintiff Brady Tucker, a customer of the bank. Tucker claims he received $143.30 and $20.61 in fees and interest, respectively, for specific cryptocurrency transactions he made throughout the…
The Dark Side of Cryptocurrencies
Cryptocurrencies are of much concern to government authorities around the world for several reasons: they might undermine the standard of currencies issued by central banks, resulting in potential economic depressions worse than ever seen before; they're unregulated, which means activities involving cryptocurrencies could defraud investors of their personal wealth; and…
2018 Cryptocurrency Remains Stable Despite Last Year's Wild Volatility
In December 2017, dozens of cryptocurrencies launched to the moon, hitting astronomical valuations. That trend continued into the new year for at least a few days. Momentum soon swung downward as the market took a tumble. Within days, $800 billion in market cap dwindled down at a rapid pace. Bitcoin…
Polish Government Seizes €400 Million from Cryptocurrency Exchange
There is emerging news that the Polish government had seized €400 million from an account at Cooperative Bank in Poland associated with Bitfinex, a cryptocurrency exchange. It was reported earlier that the investigation and seizure were connected to Columbian cartels, a claim that has been neither confirmed or denied by…
Thinking about investing in cryptocurrencies? Now might be the time
In 2017, cryptocurrencies and block chain technology were hot. In 2018, their not. This is bad news for people already holding them, but potentially good news for investing new money. A good plan is to wait until they hit bottom and then get in on some good deals. BTC/USD…