Category: Cryptocurrency
The Metaverse — a series in and of itself
If you’ve never found yourself hanging around the horned-rim glasses wearing literary fans or the all in black art crowd, you may not be familiar with the word “meta” and it’s many uses. Its origin story, like many others, takes place in ancient greek mythology. Meta was the first wife of the Athenian king, Aegeus. The word itself, Meta, is derived from μετά, meta, meaning “beyond” or “after”. Meta was the equivalent to the Latin “post-” or “ad-”. However, the contemporary version of Meta is not very old; meta appeared for the first time in 1988. Despite its age, Meta, has many definitions, all of which make it an uncanny name for the future of technology… or rather, of all things.
All About The New Paypal and Venmo Fees and Rates
Paypal, the parent company of Venmo, recently announced plans to increase prices for the “instant transfer” service, affecting both of their popular financial applications (Paypal and Venmo).
The service, an “instant transfer”, essentially allows you to transfer some or all of the balance in your Venmo or Paypal account to your bank account or debit card in seconds. Paypal and Venmo already charge for this service, but soon it will be even more!
Buy, Sell, and Pay with Bitcoin Through Your Paypal or Cash App Account!
You can now buy cryptocurrency like Bitcoin with Paypal and Cash App! Paypal offers more crypto choices, but Cash App has better offerings.
5 Rising Social Media Platforms to Watch-If You Are Business Minded
Smart entrepreneurs and marketers use social media to promote their products and services, as they have realized these social hangouts are ideal for connecting with customers. And as new platforms keep coming up all the time, it is important for savvy entrepreneurs and marketers to keep an eye out for…
The Cognizant Breach: What You Should Know About Maze Ransomware Attacks
Cognizant, an American company providing IT services based in Teaneck, New Jersey, is one of the latest victims of the infamous Maze ransomware. The IT services provider operating in more than 37 countries, with a turnover of $16bn, said the attack took place on Friday, April 17th. According to the…
Some Experts Suggest Bitcoin May be Among the Only “Safe” Assets Trading in the Face of Covid-19
As the Covid-19 pandemic continues to bite, the market has experienced upheavals with huge swings and wild drops. These triggered a market-wide circuit breaker four times in March. Circuit breakers are pauses in trading with the hopes that the market will calm down. On Monday, the International Monetary Fund (IMF)…
Walmart Applies for Patent for New Walmart Coin Cryptocurrency
Walmart, through its joint venture Walmart Apollo, has filed a patent for a Walmart coin based on blockchain. The new cryptocurrency (“Walcoin”, anyone?), intended to be a stablecoin.
Is Facebook Aiming to Become a Cryptobank with Facebook’s Cryptocurrency Libra and Cryptowallet Calibra?
Facebook has announced Facebook’s new cryptocurrency Libra, along with Facebook’s crypto wallet Calibra, and it’s that cryptowallet that may be the bigger consumer news. Is Facebook trying to become a cryptobank?
Facebook to Launch “FaceCoin” Cryptocurrency Bitcoin Competitor
There have been several challenges to Bitcoin’s first-to-market dominance of the cryptocurrency space, including Ethereum and Zcash. However these stand-alone cryptocash startups will be facing a new challenge from a 500 pound gorilla, namely Facebook. (Some are already referring to this stablecoin as ‘FaceCoin’.)
B0r0nt0K Ransomware Demands 20 Bitcoin (app $75000) from Victims
The newest malware ransomware making news is B0r0nt0K (similar to ‘BorontoK’ only the Os are replaced with 0s). While it has hit at least one Linux server, experts say that it also has the potential to lock up Windows servers. Unfortunately, at the moment there seems to be no B0r0nt0k antivirus defense.
What is Blockchain and Why is it in the News Now?
If you’re wondering “What is blockchain” (also known as “block chain”), you’re not alone. Unless you’ve been following Bitcoin, you may only be hearing the term “blockchain” for the first time now, as it’s been in the news lately.
Bitcoin ATMs Go Online While Colorado Rolls Out Its Own Currency
The United States now has 4 Bitcoin ATM locations: Seattle, Washington; Austin, Texas; Cambridge, Massachusetts; and Denver, Colorado. Coincidentally, Colorado has also just launched its own local currency, called Colorado COjacks (pronounced “cojax”, or, if you prefer, in an homage to the Tootsie Roll popping detective, Kojacs).
Are Bitcoins Property or Currency for Tax Purposes? The IRS Rules Explained
As tax time looms, the IRS has set forth rules about whether they will treat (and so you should treat) Bitcoins and other virtual currency as, well, currency, or property, for tax purposes. The short answer is that the IRS will treat virtual currency such as Bitcoin as property for tax purposes. Here is a more full explanation.
Bitcoin Exchange Founder Charged with Money Laundering
Charlie Shrem, founder of Bitcoin exchange BitInstant.com, and BitCoin broker Robert Faiella (a/k/a BTCKing), have been arrested and charged with money laundering in connection with the use of Bitcoins to purchase drugs and other illegal items on the now defunct (shut down) Silk Road.
Bitcoins (“BTC”) and Bitcoin Mining Explained in Plain English
There has been a lot in the news lately about Bitcoins (known in the trade as “BTC”) and Bitcoin Mining, but to the average person it’s still very confusing. What are Bitcoins? How does Bitcoin Mining work? What is the Silk Road, which is often mentioned in the same breath as Bitcoins? And why is Congress holding hearings on Bitcoins? Here are the plain English explanations for all of these.