Bitcoin is not the only blockchain and certainly not the most notorious. It is, however, the most popular and so it must bear the brunt of negative popular opinion. Rémi Quirion, the Chief Scientist of Quebec, discussed how misguided popular opinion is about Bitcoin. He brings attention to the way…
8 posts tagged
Hack
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…
Coincheck hacked for $500 million and Japan takes action.
The hacking of a major Japanese cryptocurrency exchange is also helping to bring traditional financial services providers into the crypto market. On January 26, 2018, over $500 million was hacked from Coincheck, a cryptocurrency exchange; however, the exchange has since been sold to Monex Group, a large financial conglomerate. In…
Bitcoin / Cryptocurrency IS A SCAM. Here's why I'm still an investor..
Cryptocurrency has allowed rampant fraud, but so too has the U.S. dollar. Where is the line and are Bitcoin, Ethereum, and Litecoin still good investments?…
List of Cryptocurrency Scams & Hacks: ICO Scams and Crypto Fraud Run Rampant
On Monday, December 4th the US Securities and Exchange Commission fired the first shots in what many expect to be a period of renewed regulatory enforcement in the crypto space. The SEC’s new Cyber Unit engaged an emergency asset freeze against PlexCorps, the group behind PlexCoin. PlexCoin’s recent…
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…