Monero was released in 2014 by a consortium of developers Monero operates on its own blockchain, which hides virtually all transaction details Monero received an anonymous donation of $500,000 last week Cybercriminals, who believed that cryptocurrency transactions would save them from scrutiny and legal crackdown, got…
A new survey has found that 47 percent of young millionaires have more than 25 percent of their wealth in cryptocurrencies. According to the CNBC Millionaire Survey, more than 33 percent of millionaire investors belonging to the millennial generation have over half their wealth in cryptocurrency. As many as 750…
Price volatility is one of the major reasons why cryptocurrencies are criticised across the world. Late in May, HSBC, Europe’s biggest investment bank, said it has no plans to offer digital coins as an investment as they are “too volatile“. Nothing unites cryptocurrency opponents like its volatility.…
Colonial Pipeline had paid $4.5 million (75 Bitcoins) after its network was hackedThe FBI managed to track and retrieve $2.3 million (63.7 Bitcoins) from the cybercriminal group responsible for the attackThe recovery of the ransom shows that cryptocurrency can be traced The US recently announced that it had recovered…
The cryptocurrency market was broadly trading in the green on Thursday. Bitcoin, the world’s largest cryptocurrency by market cap, jumped 13 percent after El Salvador voted to adopt Bitcoin as a legal tender. Alternative digital coins, or altcoins, were also trading higher. The price rise comes despite the rising…
El Salvador became the first country in the world to adopt bitcoin as a legal tender after Congress approved President Nayib Bukele’s proposal to embrace cryptocurrency. Bitcoin’s use as a legal tender will become law within three months. Lawmakers in the South American country voted by a…
With the almost daily news coverage of cryptocurrencies, things can get overwhelming if you don’t exactly understand how the world of digital currencies works. Which is why we’ve put together an easy-to-understand guide explaining the main terminologies that make cryptocurrencies work. From blockchains to crypto…
The Indian market may open lower on Monday amid mixed global cues as the trend on SGX Nifty indicates a negative start for the broader index in India. The Nifty futures were trading 56.00 points or 0.36 percent lower at the 15,436.50 level on the Singaporean Exchange at 7:45 am. 1. Wall Street | US stocks climbed on…
Internet Computer (IC) is a cryptocurrency developed by the Dfinity Foundation, a nonprofit based in Zurich, Switzerland. It currently has a market cap of $14 billion, making it the 11th largest cryptocurrency (by market cap) and is a strong competitor to Ethereum and Bitcoin. IC claims it was launched to become a…
130 Twitter accounts which includes Elon musk, Joe Biden ,apple ,Jeff Bezos and other V.I.P twitter users were hacked by unidentified hackers in a Bitcoin scam , Twitter claims that those hackers used the credential of some employees to access our internal systems . High-profile Twitter accounts including those of the…