Nearly everyone is familiar with bequeathing physical and financial assets, but the process of transferring cryptocurrency after you die might not be as popular. Typical assets include tangible items such as cash, property, jewelry and art, in addition to stocks and bonds. Recently, more and more people are adding digital assets to their portfolios, usually […]
Continue ReadingCategory Archives: Crypto
Bitcoin Soars Above $103,000 in Record-Smashing Run
The original currency notched a new all-time high on Wednesday, breaking through the psychological barrier of $100,000 and then climbing even higher. The surge comes amid a climate of broader exuberance in the crypto industry, which is anticipating that the election of Donald Trump will lead to looser regulation and more blockchain innovation in the […]
Continue ReadingHigh Ping to Mining Pool Effects
Finding a Bitcoin block through mining is an extremely difficult process, and the time it takes to find a block is determined by factors such as hash power, difficulty level, and luck. Ping time (the time it takes for your device to send data to and receive data from the mining pool) can have an […]
Continue ReadingMeta Removes Millions of Accounts Pushing ‘Pig Butchering’ Investment Scam
Meta said Thursday that it removed more than 2 million accounts this year that sought to trick internet users around the world into forking over their money in fake investment schemes, part of a rise in criminal activity across the web. The accounts are linked to so-called pig butchering schemes, in which criminal organizations make […]
Continue ReadingCrypto Laundering Scheme
A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto. The value of that bitcoin at the time of the hack was just $70 million when […]
Continue ReadingCrypto Witch Hunt
SEC Sued by 18 States for Overstepping on Crypto Regulation 18 Republican Attorney Generals signed the lawsuit against the SEC and five of its commissioners for going after crypto companies and preventing the States from formulating their regulations. The lawsuit alleged that the agency’s crackdown on crypto companies goes against constitutionally bestowed powers to the […]
Continue ReadingCrypto’s Millions Yield Win
Republican Bernie Moreno unseated the incumbent Democrat in Ohio’s senate race, a major win for crypto companies that had funneled millions of dollars into his campaign. Moreno, a car dealer and blockchain entrepreneur, defeated Sherrod Brown late on Tuesday, putting the GOP on track for a Senate majority. Brown, a crypto skeptic and the chairman […]
Continue ReadingBitcoin Tops $71,000
Bitcoin rose past $71,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds as well as speculation about potential outcomes from next week’s US election. The largest digital asset climbed more than 2%, changing hands at $71,310 as of 10:45 a.m. on Tuesday in Singapore. Second-ranked Ether and meme-crowd favorite Dogecoin […]
Continue ReadingBitcoin Nears $70K
Bitcoin Nears $70K Amid Record Open Interest at $40B as Trump-Harris Election Nears Bitcoin’s price rose by 1.5% in 24 hours, with significant increases in futures open interest, indicating continued money flow into the market. The crypto market saw broad gains with Solana (SOL) and other major cryptocurrencies rising, fueled by speculative trading and thematic […]
Continue ReadingFBI Arrests Alabama Man in Hack of SEC’s X Account
FBI officials arrested an Alabama man Thursday for allegedly hacking the Securities and Exchange Commission’s X account this year as part of an attempt to promote bitcoin. Eric Council Jr., 25, was slated to appear Thursday in the U.S. District Court for the Northern District of Alabama on charges of conspiracy to commit aggravated identity […]
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