NFTs are the latest craze in the world of crypto. These digital pieces of artwork use blockchain technology to help everyday people like you and I invest in an online setting. Ever since NFTs became a big thing, several athletes, like Tom Brady , Patrick Mahomes and Rob Gronkowski , and a host of others […]
Enlarge (credit: Aurich Lawson / Getty) Bitcoin’s massive power consumption is the cryptocurrency’s dirty secret. To mine bitcoin, computers across the globe chew through enough electricity to power a medium size country, somewhere on the order of the Netherlands or Poland depending on the particular estimate. In fact, electricity has become such the significant factor […]
Enlarge / China has cracked down on bitcoin and other cryptocurrencies in a bid to limit capital outflows. (credit: Nuthawut Somsuk/iStock Editorial ) China’s crackdown on cryptocurrencies intensified today, with the country’s central bank announcing that all crypto-related transactions are illegal. “There are usually legal risks for individuals and organizations participating in virtual currency and […]
Enlarge (credit: KeremYucel / iStock ) Andrew Schober was almost all-in on cryptocurrency. In 2018, 95 percent of his net wealth was invested in the digital tokens, which he hoped he could sell later to buy a home and support his family. But then disaster struck. Schober had downloaded an app called “Electrum Atom” after […]
Enlarge (credit: Yuriko Nakao | Getty Images) The hacker who breached the Poly Network crypto platform says the theft was just “for fun: )” and that the hacker is now returning the stolen coins. The hacker also claimed that the tokens had been transferred to the hacker’s own wallets to “keep it safe. ” Poly […]
Enlarge (credit: Aurich Lawson | Getty Images) Overnight, a broad selloff of prominent cryptocurrencies has vaporized billions of dollars in value. Bitcoin, the largest cryptocurrency affected, is off more than 18 percent in the last 24 hours. Currently, it’s worth just over half what it was in mid-April. Over the past week, more than $600 […]