Fake pages, websites and videos offering to sell the Libra cryptocurrency are proliferating across Facebook, despite the new currency not launching until 2020. Some sites being shared across the social network claim to offer ”early access” to the cryptocurrency, luring visitors to exchange money for Libra. Other scammers are using the interest surrounding Facebook’s virtual currency to attempt…
According to a survey produced by financial services firm BankRate, Bitcoin and crypto do not represent a popular choice of investment vehicle for a decade or more amongst the US public. The findings show that just four percent of respondents preferred digital currencies over other more traditional investments. Beating Bitcoin, crypto assets, and everything else…
Three days after Bloomberg published a report about BitMEX facing a regulatory investigation, the crypto derivatives exchange is still without an explanation. A quick look at the Seychelles firm’s official social media handles, including an otherwise active Twitter page of founder & CEO Arthur Hayes, shows no response about the current scandal. As BitMEX goes…
Facebook has been grilled today at a Senate Banking Committee hearing over its cryptocurrency project Libra. As part of the hearing, a representative for the social media giant claims the firm has been in contact with a Swiss agency to oversea data protection and user privacy. However, it has emerged that the firm has not…
Cyber security pioneer John McAfee has doubled down on his prediction that bitcoin will hit $1 million by the end of 2020, despite the cryptocurrency losing $3,000 from its value over the last week. The controversial tech figure claimed in 2017 that bitcoin would reach $500,000 within three years, pledging, "if not, I will eat my…
As part of its fight against internet surveillance, those behind the Tor Project have announced a Bitcoin donation fund. The group is hoping to raise $10,000 over the next two weeks to help fund its mission to protect internet users’ privacy online. The group, whose work was important during Edward Snowden’s whistle blowing and the…
A “discussion draft” bill set out to spell doomsday on the dreams of many financial technology projects is making rounds on Crypto Twitter. Unconfirmed yet unsettling, the “Keep Big Tech Out of Finance” bill proposes to “prohibit large platform utilities” from becoming a financial institution or getting affiliated with a person that runs a financial institution.”…
Donald Trump has revealed he is “not a fan” of bitcoin or Facebook’s Libra in his first public comments on cryptocurrency. In a series of tweets, the US president said bitcoin enabled illegal activity and was ”not money”. However, his comments were welcomed by senior figures within the cryptocurrency industry and even appeared to boost its market value.…
Many of the critics of cryptocurrency asset like Bitcoin and Ethereum argue that nobody spends them as they are intended to be, and even less accept it as payment making everyday tasks like shopping or traveling extremely challenging if only using cryptocurrency as a means to pay for goods and services. However, a Gold Coast,…
The Dementia Society of America (DSA) has just announced that it will be accepting a range of cryptocurrencies going forward. Thanks to the financial technology’s classification as property in the US, donations made to the charity using digital assets will not be taxed. In addition to the general acceptance of cryptocurrency, the charity has also…