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Coinbase, Inc., the cryptocurrency exchange company, suffered a significant breach earlier this year. Hackers used phishing emails to collect sensitive account information from over 6,000 Coinbase users.   Although Coinbase claimed to have fixed the data leak immediately, the company withheld news of this breach until a few days ago. Coinbase Security Loophole Since its launch […]

Reports from the Feds show that the economy continues to grow despite the new hiccups caused by the Delta variant of coronavirus. Although a statement made by the Central Bank, actually stated that the growth rate is actually slower than was expected but it was still improving. It stressed the jobs market growth also, stating […]

China has effectively moved to ban all cryptocurrency transactions in the country; this move by China’s central bank has led to the banning of all tokens, including bitcoin. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, adding that cryptos “seriously endangers the safety of people’s assets.” The announcement has […]

The ever-popular Bitcoin continues to tumble. This is linked by the touch talk by China authorities on prosecuting those who are caught trading Bitcoin.  The price of Bitcoin fell by about 5% to the current value of $42,496, according to the report given by Coin Metrics. Also, Ether, the second-largest crypto, dropped by 7% to […]

Investors in Beijing, China, are beginning to feel the crackdown in the fallout industry, After-school tutoring. And just before China authorities began cracking down on summer school, several investment firms such as SoftBank had begun putting in billions of dollars in Chinese companies. A lot of these firms were traded in the U.S. Investors had […]

A new study included in the December 2021 edition of Resources, Conservation and Recycling, a journal curating the waste reduction pursuits of our world, states that Bitcoin mining generates more than 30,700 tonnes of electronic waste annually. According to the researchers, each Bitcoin transaction generates over 9.5oz of waste which is over 50% more than […]

On Thursday, the Nigeria-based cryptocurrency platform, Luno, announced that it has approved a solution to enable Nigerians to withdraw and deposit crypto and tokens into their bank accounts directly. This is positive news considering the fact that the country’s crypto activities were almost entirely halted by a national ban on the use of crypto in […]

Residents of Cool Valley will forever remember their current mayor if he gets to pull the funds for his proposed gift of $1000 worth of Bitcoin. His idea is for his residents to keep the coins till the value is about $500,000 per coin, so they don’t ‘regret’ selling. Cool Valley is a small city […]

The recent frequent shifts in economic data created opportunities for the Federal Reserve to announce the decision to taper assets purchase in September. This will further lead to a decrease in buying a month later.  Speaking with public officials has shown increasing support for a faster timeline than the timeline the markets have expected. Part […]