Crypto mining is not a low cost endeavor. A major capital investment in computers is “Step One”, but then the power necessary to complete the task is exorbitant by today’s standards. Utility commissions across the globe are presently wrestling with this issue, until a more efficient mining process is developed. In the meantime, news headlines…
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When it comes to fulfilling their responsibilities related to the new world of virtual assets, regulators across the world are caught between a rock and a hard place. Protecting consumers from fraud can be exceedingly difficult when current regulations on the books cannot be easily applied to the crypto ecosphere. The European Securities and Markets…
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Recent news headlines report that police have made another arrest in connection with a $70 million Initial Coin Offering (ICO) scam in India. This scandal is unfolding at the same time that an inter-ministerial committee reviews current policy directions related to cryptocurrencies. Currently, a quasi-ban exists that is being administered by the Reserve Bank of…
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Never say never. Ethereum Classic, a spin-off from the original Ethereum network, is still recoiling from the impact of its “51-Percent Attack”, an assault upon its blockchain infrastructure that blockchain supporters have claimed could never happen. Known for its apparent hack-proof nature, blockchain updates are supposed to be immune from compromise, since so many independent…
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Crypto startup Ternio, ranked 436th on market cap listings and valued at $4 million, has introduced its first consumer related product – a debit card with a “twist”. Not only can it be used in existing global payment card networks at the point-of-sale and ATMs, but each cardholder will be able to designate which of…
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Retail forex traders learn early in their training regimens that risk in the currency markets cannot be avoided, but there are various management techniques that can be employed to minimize its potential impacts. Managing a specific market risk, however, depends first on being aware that the risk even exists. A unique form of market risk…
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If you follow cryptocurrency news, then you may have tuned out the continuing saga of massive hacks of crypto exchanges. Estimates of the total hacking losses of crypto exchanges in 2018 are conservatively pegged in excess of $1 billion. Since there are no insurance plans of national compensation programs, investors are the ultimate victims, having…
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Tax time is coming, but unlike Winter in the popular series, Game of Thrones, it will not threaten mankind with extinction, but, perhaps, with financial ruin if you are unprepared. These words are especially relevant if you have invested, traded, or transferred the cryptocurrencies of your choice during the latest taxing period or before for…
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Occasionally small headlines that seem insignificant actually reveal much larger insights into what might be transpiring behind the scenes. Such may be the case after the government of a small country like Abkhazia pulled the plug on fifteen mining operations within their borders. This event, while apparently isolated, is indicative of growing pains within the…
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Another day, another report of a hacking loss in the crypto world. Hacking compromises of crypto exchanges have become all too common, even in 2018 after the network has had some time to work through necessary security enhancements. A new report from Cyphertrace claims that “some $927 million had been stolen from cryptocurrency exchanges in…
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