Cryptocurrencies are like beer in more ways than meet the eye. Whether crypto markets are up or down, people will still buy beer. The American beer industry has seen a 600% increase in the number of breweries between 2008 and 2016, according to data from The Atlantic. And the crypto industry really boomed from nothing […]
Continue ReadingScammers are impersonating the World Health Organization to get COVID-19 donations in Bitcoin, cybersecurity firm Sophos reports. As the number of global coronavirus cases grows each day, online scammers are turning to cryptocurrencies like Bitcoin (BTC) to steal money under the cover of the global pandemic. According to cybersecurity firm Sophos, some online perpetrators are […]
Continue ReadingHuobi Pool, a crypto mining arm of Huobi, says its operating revenues surged 547% in 2019, jumping from $53 million in 2018 to $320 million. Huobi, the fourth-largest cryptocurrency exchange by daily trading volume to date, saw significant progress in its crypto mining business in 2019. Huobi Pool, a cryptocurrency mining arm of Huobi, says […]
Continue ReadingXRP price has dropped to a crucial support but a relief rally to $0.33 could be around the corner. Recently, cryptocurrencies and Bitcoin (BTC) have seen a significant drop. Bitcoin was not the only crypto to see a steep fall as other markets have seen one as well, including equities which are down between 30% […]
Continue ReadingBTC/USD shows signs of life as previously bullish technical fundamentals take a battering from last week’s losses. Bitcoin (BTC) is set for a rare difficulty reduction in the coming days as continued price weakness tests its technical fundamentals. Data from monitoring resource Crypto This’ difficulty estimator showed that at present, next Wednesday will see difficulty […]
Continue ReadingBinance and Huobi have announced support for the upcoming Hive hard fork of the Steem blockchain. Major cryptocurrency exchanges Binance and Huobi have announced support for the Steem (STEEM) community’s hard fork to create the new Hive network. On March 18, Binance and Huobi published announcements revealing their support for the Steem hard fork that […]
Continue ReadingA cybersecurity firm has started offering free help to healthcare providers that fall victim to cryptocurrency ransomware. As the novel coronavirus crisis continues, a cybersecurity firm has started offering free help to healthcare providers that fall victim to cryptocurrency-demanding ransomware. According to an announcement on March 18, cybersecurity firm Emsisoft partnered with incident response company […]
Continue ReadingAs the Coronavirus outbreak rages in the U.S., the government passed relief measures that delay the payment of taxes to July, which also affects crypto investors. The United States Internal Revenue Service (IRS) will defer tax payments below $1 million from April 15 to July 15. Crypto traders can also take advantage of the measure […]
Continue ReadingCanada’s financial regulator has announced that it will soon implement new anti-money laundering laws including stringent reporting requirements for crypto. The Financial Transactions and Reports Analysis Center of Canada (FINTRAC) has announced it will soon implement new anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The laws including updated guidelines for virtual currencies. In a […]
Continue ReadingEmerging technology could aid survival after a natural disaster. Here’s the case with Australian farmers after the bushfires. Australian farmers are all too familiar with dry and erratic weather conditions affecting day-to-day business. Reports over the last 20 years demonstrate that these conditions will only worsen — with an increased climate estimated to have reduced […]
Continue Reading