Category Archives: Cryptocurrency

Russia Arrests Nuclear Scientists for Trying to Mine Bitcoin

February 24th, 2018 by

It seems that everybody is trying to get rich quick with cryptocurrencies these days. Many investors, particularly those with little experience, are finding out that this can be a rather risky undertaking. However, a group of Russian scientists working for the Kremlin ran afoul of their employer by plotting to use state resources to mine […]

Winklevoss Twins Bitcoin Folly

January 8th, 2018 by

Cameron and Tyler Winklevoss are a pair of Harvard-educated Olympic rowers who gained notoriety by successfully suing Mark Zuckerberg, the founder and CEO of Facebook, for essentially stealing their intellectual property while the three attended college together. (A dramatized account of how this legal battle began was portrayed in the film The Social Network.) Now they […]

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Bitcoin Goes Parabolic: Is It Digital Gold?

December 10th, 2017 by

When bitcoin prices gain about 10% on a single trading day, as they did during both Wednesday’s and Thursday’s sessions, the corresponding price increase is now more than $1,000. In one day! (However, prices then fell by more than $2,000 overnight on Friday.) The cryptocurrency sensation has clearly reached a fever pitch. For those unacquainted, bitcoin is the oldest, […]

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Bitcoin Mining Extremely Energy-Intensive

November 15th, 2017 by

One of the biggest advantages of cryptocurrencies like Bitcoin that crypto advocates cite is the ease with which these new forms of “digital cash” can transfer value all around the world. Compared to an international bank wire, sending someone your Bitcoins is generally a faster method, although it’s worth noting that high transaction fees may […]

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JPMorgan CEO Dimon Talks Down Markets

September 18th, 2017 by

Much the same way that prominent politicians can shift a national debate or bring an issue to the forefront of the public’s mind, major players in the financial markets can use their bully pulpit to influence market movement. Jamie Dimon, the well-known CEO of the massive bank JPMorgan Chase & Company, has never been shy […]

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Blockchains and Cryptocurrencies: The Next Financial Hack?

August 16th, 2017 by

It is commonplace today to refer to clever, beneficial innovations as hacks. So a life hack is a positive habit or practice; or a high-powered health regiment might be called a bio-hack. When it comes to financial hacks—no, not the shady fund managers or brokers—the “next big thing” seems to be cryptocurrencies and the blockchain […]

Another Bitcoin Exchange Hacked

July 9th, 2017 by

In another blow to the rising star of Bitcoin and other cryptocurrencies or blockchain platforms like Ethereum, one of the world’s largest Bitcoin exchanges was victimized by hackers, with a significant number of digital “coins” stolen.

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Complaints of Seizures by Popular Bitcoin Wallet

June 17th, 2017 by

There’s been a deluge of coverage of Bitcoin lately, coinciding with the increasingly popular cryptocurrency’s dramatic rise (and fall) in price. It’s not just the all-time high values for Bitcoin that are garnering attention; it’s also the volatile swings in prices that invariably seem to follow. There’s a strong case to be made that Bitcoin […]