People across the world could be mining a cryptocurrency – and not even know it, Forbes reported. Hackers are breaking into computers and smartphones and installing malware that forces the devices to mine Monero, which is attractive because of that currency’s anonymity and the fact...
As regulators in the U.S. and South Korea clamp down on cryptocurrencies, and investors question the stability of digital coins, bitcoin may see its worst monthly decline in value since January 2015. As of 2:02 P.M. on Wednesday (Jan. 31), bitcoin was trading at $9,975.42,...
One of KodakCoin’s co-creators is expressing regrets over the market reaction to the cryptocurrency. According to The Washington Post, Kodak announced earlier this month that it was launching its own cryptocurrency, KodakCoin, which led to the company’s share price nearly quadrupling by the end of...
While interest in digital coins may be surging, Facebook is not interested in running cryptocurrency ads, according to Recode. The social networking site will ban ads that promote “financial products and services frequently associated with misleading or deceptive promotional practices.” Beyond its own app, Facebook...
Bitcoin has yet another naysayer. This time, it’s Starbucks’ executive chairman and former CEO, Howard Schultz, who doesn’t believe the cryptocurrency is “legitimate.” “One or a few legitimate cryptocurrencies are coming, but bitcoin is not one of them,” said Schultz during a post-earnings conference call...
Like the rise of cryptocurrencies, interest in a new trading app that will allow users to trade bitcoin and Ethereum has surged, CNBC reported. After Robinhood announced that it will allow no-fee cryptocurrency trading beginning in February, more than 1 million people have joined the waitlist to...
Following the theft of $530 million in NEM tokens from Coincheck last week, governments will likely call for more cryptocurrency regulation and investors may turn to peer-to-peer (P2P) methods of trading instead of centralized exchanges, Bloomberg reported. “The latest theft will have two immediate effects:...
Coincheck, one of Japan’s largest cryptocurrency exchanges, will reimburse customers up to ¥46.3 billion ($426 million) due to a hack it suffered last week. According to The Wall Street Journal, Coincheck lost cryptocurrency worth around $530 million as a result of the hack. It could...
Four years after the collapse of Mt. Gox, Coincheck, one of Japan’s largest cryptocurrency exchanges, has said that about $400 million worth of NEM coins have gone missing, Bloomberg reported. Coincheck Inc. said that 500 million NEM tokens were sent “illicitly” out of the exchange....
