How to detect cryptocurrency scam

Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto con, here are some things to know. Only scammers demand payment in cryptocurrency. No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. That’s always … Continue reading How to detect cryptocurrency scam

Cryptocurrency 101

Photo by Worldspectrum on Pexels.com Confused about cryptocurrencies, like bitcoin or Ether (associated with Ethereum)? You’re not alone. Before you use or invest in cryptocurrency, know what makes it different from cash and other payment methods, and how to spot cryptocurrency scams or detect cryptocurrency accounts that may be compromised. What is cryptocurrency? Cryptocurrency is … Continue reading Cryptocurrency 101

Another major crypto hack in US raises questions over Defi security

Photo by Karolina Grabowska on Pexels.com Thieves stole around $100 million (€95 million) worth of cryptocurrency from Horizon, a blockchain bridge developed by US crypto start-up Harmony, the latest in a string of cyber heists on a sector long targeted by hackers, the company said on Friday. Harmony develops blockchains for so-called decentralised finance - peer-to-peer … Continue reading Another major crypto hack in US raises questions over Defi security

Elon Musk, Tesla and SpaceX in $258 billion Cryptocurrency-related lawsuit

Tesla and SpaceX CEO Elon Musk is being sued for $258 billion (€245 billion) by a Dogecoin investor who accuses him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan on Thursday, plaintiff Keith Johnson accused Musk, the electric carmaker and the space tourism company of racketeering … Continue reading Elon Musk, Tesla and SpaceX in $258 billion Cryptocurrency-related lawsuit

Police arrest fraudsters behind ‘crypto trading academy’ scam in Spain

Photo by Kindel Media on Pexels.com Lorena’s daughter was just 17 when she joined the IM Academy, an online trading course that promised to bring her wealth and success by training her in foreign exchange and cryptocurrency investing. But like hundreds of other young people in Europe, Lorena’s daughter ended up being sucked into what Spanish … Continue reading Police arrest fraudsters behind ‘crypto trading academy’ scam in Spain

How to differentiate between Web 3.0 and the Metaverse

There are few things in life that are certain, and in the digital age, there is one more certainty we can add to that list--the internet will always be evolving. And today's latest evolution speaks of Web 3.0 and the Metaverse. These are not just trending topics that are going to fade into oblivion and … Continue reading How to differentiate between Web 3.0 and the Metaverse

Is Bitcoin about to become a reserve currency?

Photo by David McBee on Pexels.com A crypto platform's pledge to amass $10 billion (€9.2 billion) worth of Bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown Bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly … Continue reading Is Bitcoin about to become a reserve currency?

Why crypto giant Binance is investing in France

Binance, the world’s biggest cryptocurrency exchange, has set its sights on France and announced it will help develop Web3 and blockchain projects in Paris. Binance boss Changpeng Zhao, nicknamed "CZ", said at the Paris Blockchain Week Summit event on Wednesday that France can become the Web3 and cryptocurrency leader of the future. “I think France … Continue reading Why crypto giant Binance is investing in France

Crypto buyers have no protection against losses, EU regulators warn

Photo by Ivan Babydov on Pexels.com Crypto investors risk losing all their money invested in speculative, "too good to be true" assets and are at serious risk from fraudsters, the European Union's securities, banking and insurance watchdogs said in a joint statement. "Consumers face the very real possibility of losing all their invested money if they … Continue reading Crypto buyers have no protection against losses, EU regulators warn

Say goodbye to crypto losses

Photo by Ivan Babydov on Pexels.com Investing in crypto may sound like taking a huge risk to many people. After all, it’s no news that the crypto market is volatile, far more volatile than the stock market.The more daring investors still take the plunge anyway because, as the saying goes, the higher the risk, the … Continue reading Say goodbye to crypto losses

Edmund Chen recoups $53k from NFT painting

Local actor Edmund Chen has stepped into the world of non-fungible tokens (NFTs). The 61-year-old auctioned off an NFT painting for 15 Ether on Feb 22 — worth $53,237.10 on the day of the auction — Shin Min Daily News reported. The painting, titled Spring — Cherish the Moment, is part of a series of blockchain paintings conceived by Edmund himself called … Continue reading Edmund Chen recoups $53k from NFT painting

Why China banned Bitcoin mining

Despite a crackdown on Bitcoin in China last year, mining the largest cryptocurrency actually got much dirtier and emits around the same amount of CO2 annually as a country the size of Greece, a new study shows. The joint study, titled Revisiting Bitcoin's Carbon Footprint, showed that the share of renewable electricity sources that fuel … Continue reading Why China banned Bitcoin mining