In the last article, we took a look at some famous Bitcoin hacks and thefts. Today we will be examining hacks and thefts of other cryptocurrencies, excluding Bitcoin. Without further delay, let’s get into the list. Cryptocurrency Hacks & Heists #1 The DAO Hack Amount in Ether: 3.6 million ETH Ethereum’s DAO, (Decentralized Autonomous Organization) … Read more
Bitcoin is the world’s reserve cryptocurrency and is like digital cash or gold. It is a bearer instrument which is highly liquid and pseudonymous. These qualities highly incentivize dishonest people to steal bitcoin. They know that there is little that the victim can do, and if they the thief take the proper precautions, they can … Read more
Before I delve into the topic at hand I must be transparent with the reader. I am a Bitcoin maximalist, it’s my personal belief that there is only one Bitcoin, and any forks or alternate implementations are simply other Altcoins. With that being said, I want to take an even-handed and fair look at the … Read more
In the world of cryptocurrency, digital assets can often be very unpredictable. The prices of these coins or tokens can swing violently from one day to the next based on many factors, and while this can create substantial gains one day, it can also create substantial losses the next. For this reason, it’s important to … Read more
Bitcoin, the original cryptocurrency, is sort of like a reserve currency in the crypto world and fulfills a similar role in crypto trading as the US dollar does in the international oil trade. To get in and out of Altcoin positions, you need to purchase Bitcoin and deposit it to an exchange, and then trade … Read more
The epic crypto bull run of 2017 reached it’s peak in December, with Bitcoin reaching almost $20,000 USD per coin. The rest of the 1500 plus Altcoins in the market also had extreme price action, with some of the most well-known Alts even outperforming Bitcoin by a large margin. This made both the regulatory agencies, and … Read more
Have you ever been ripped off trying to buy something online? If you’re buying through an online store or auction market, it’s probably pretty safe. Secure sites with SSL encryption have taken a lot of the dangers to consumers out of the equation, and most people now feel confident purchasing online. But what about when … Read more
In the world of cryptocurrencies, coins and tokens generally fall into one or two camps. They are either Proof Of Work (PoW) or Proof Of Stake (PoS) (There are a few other methods too). While these consensus algorithms perform much of the same functions, they work quite differently, and as a cryptocurrency newbie, you may … Read more
The world of cryptocurrency presents a lot of new and exciting ways for investors to earn money. If you’ve found that you aren’t the best trader or that you simply can’t take the stress, then a buy and hold approach is likely more your style. While this can seem a little disheartening to hear about … Read more
The need for privacy in the crypto world has drastically increased over the last few years. Just buying bitcoin is today a process which requires providing intrusive information such as ID or other such documentation. And in fact, leaked Snowden documents suggest that the NSA has been targeting ordinary Bitcoin users around the world from … Read more