After Starbucks’s coffee shop became a victim of cryptojacking, or cryptocurrency mining without the consent of users, now, one of the biggest technology and car companies in the world, Tesla has also come under cryptojacking. Usually, hackers mine for Monero and Bitcoin. What is more, when cryptojacking occurs, the computing power used significantly reduces the…
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Bitcoin undoubtedly took a few huge losses these two weeks. The currency dropped below $6,000 for the very first time since November. This morning, Bitcoin surged up to $7,200 and is now trading at around $8,200, signalling an upcoming stability in the crypto market. At its lowest, the crypto market saw a drop of $550…
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Robinhood, one of the unicorns of Silicon Valley, and the app that targets millennials to trade zero-fee stocks, has now set its eye on the hottest market:cryptocurrencies. This is a hugely positive news for US investors, since the option to trade zero-fee cryptos will be limited to certain states. Robinhood users will be able to…
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It's been a tough month for the cryptocurrency market. The market capitalization of the market went from $750 billion to around $550 billion in just under two weeks. Almost all alt coins decreased in value with the recent announcement that South Korea will be banning cryptos. However, with such "gloominess" among investors, things are looking…
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Technology moguls are by far the most frequent leaders to speak about the value of blockchain, Bitcoin and the overall cryptocurrency market. While central banks and governments are fighting against the power and revolution the digital currencies have created, technology leaders seem to understand and embrace the currency of the "future" constantly. Facebook's founder and…
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Russia has been one of the countries with the most controversial views on cryptocurrencies. The government announced in mid-2017 that the country had blocked Russians from accessing any cryptocurrency exchanges. Vladimir Putin has, however, said numerous times that he is looking into cryptocurrency opportunities. In addition, several educational reforms in leading Russian universities have been…
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A number of news outlets in Israel have reported that the country's Ministry of Finance, in conjunction with the central Bank of Israel, are looking at creating a state-sponsored cryptocurrency. The reports cited anonymous government sources. According to the reports, the move is being looked at as part of an initiative to reduce dependency on…
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Brittany Roston from Slash Gear reported that one of Starbucks stores in Buenos Aires was caught mining digital currencies through the use of customers' laptops that essentially used the store's WiFi. The Starbucks store did not know of the mining, until notified by a customer, Noah Dunkin through a tweet. According to his tweet, the…
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Mike Novogratz, the current CEO of Galaxy Investment Partners and the former macro hedge fund manager at Fortress Investment Group, is predicting a $2 trillion market capitalization of cryptocurrencies by 2018. After he expressed his opinion on Bitcoin hitting $20,000 by December 2018, he is now defending the idea of cryptocurrencies increasing their market cap to…
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Coinbase, the digital online platform for trading cryptocurrencies, is now charming hedge funds with a new institutional storage service targeted specifically for institutional investors, reported Coindesk. The new storage service will be aimed at investors with a minimum of $10 million in deposits, according to Brian Armstrong, the Co-founder and CEO of Coinbase. The procedure will…
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