Bitcoin
Digital Dosh
With the Reserve Bank of India (RBI) launching India’s first pilot for a retail digital rupee (e₹-R/eINR/E-Rupee) this month, we look at what this means and what the benefits could be. Why? The pilot will help to decide whether India could intrpduce one of the world’s first nationwide digital currencies. It is thought that having…
Read MoreMost People To Have Digital Wallets by 2026
While some people are busy asking whether we’re seeing the death of cryptocurrencies, a new report says 60 percent of us will be using digital wallets by 2026. Digital Wallet Usage Driven By ‘Superapps’ A Juniper Research study says that the presence of ‘superapps’ will drive digital wallet use in developing countries that are currently…
Read MoreWho Accepts CryptoCoins Now?
With its volatile past and with a recent survey showing that almost one-third of small businesses in the US now accept them as payment, we look at who accepts CryptoCoins in payment for goods and services. Cryptocurrencies CryptoCoins / cryptocurrencies are digital/virtual currencies, secured by cryptography with no central issuing or regulating authority and don’t…
Read More30% Rise In Crypto-Laundering
A report by blockchain data platform ‘Chainalysis’ has shown a 30 per cent increase in cryptocurrency being used for money laundering in 2021 compared to the previous year. $8.6 Billion The 2022 Crypto Crime Report noted how cybercriminals laundered a massive $8.6 billion worth of cryptocurrency in 2021. The figure was arrived at by compiling…
Read MoreHamster Crypto-Croaks
Max, a.k.a. “Mr Goxx”, the hamster that found Internet fame through outperforming many human cryptocurrency-traders, has died. Experiment With ‘Wheel’ Results The hamster’s life as a crypto trader was down to him being used as part of an experiment by an anonymous German lecturer and prototyping specialist duo who set out to demonstrate the randomness…
Read MoreCrypto ATM Scammers
An FBI announcement has warned that scammers are now directing victims to use physical cryptocurrency ATMs and digital QR codes to complete payment transactions. What Are Cryptocurrency ATMs? A cryptocurrency ATM is a physical kiosk/terminal/device that connects to a cryptocurrency network (e.g. bitcoin) and allows customers to purchase crypto tokens with deposited cash. Cryptocurrency ATMs…
Read MoreCrypto Hackers Return Most Of The $610 Million Crypto Cash
On 12 August, the Poly Network DeFi platform announced that, following the theft of $610 Million in digital coins, the hacker thieves had returned $342 million. However, it’s been reported that more recently, almost all of the stolen crypto has now been returned. The Hack The original theft, which had taken place just two days…
Read MoreSuspected Cannabis Farm Turns Out To Be A Bitcoin Mining Farm
Police in Sandwell in the West Midlands recently discovered a warehouse that had been converted to an operation to illegally supply large quantities of electricity for Bitcoin mining. Same Heat & Electricity Profile as a Cannabis Farm The warehouse was raided by police after the heat generated, which had been spotted by the heat camera…
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