Today we need to have an honest discussion about the most significant growing scam category. Once you finish learning about it in this podcast, you will have to help spread the word to friends, family, and people you know. Don’t let them become a victim. Although cryptocurrency has yet to become a mainstream payment method, …
I’m pulling the plug on my experiment with trading cryptocurrency. I’ve written about my introduction to crypto trading using automated algorithms. These tools are hyped as being able to make trades on small movements and make a half a percent here or two percent there. Some of the trades over the past four months did …
The world of cryptocurrency is much wider than Bitcoin. While Bitcoin and its descendants and offshoots are focused on payments and transferring value, other coins and cryptos are based on the Ethereum blockchain, which is designed for software-based contracts and provides a platform for coding. One such crypto is the Basic Attention Token (BAT). Here …
Here is a very informative post from the Federal Reserve Bank of New York. There can certainly be some arguments raised comparing the cancelation of the gold standard to back the U.S. dollar and the position that cryptocurrency like USDT does or does not need to be backed by actual assets. Your initial reaction might …
The magic sauce for massive returns is something I’ve been hunting for in my adventure in cryptocurrency. I’m here to tell you that I’ve found the answer for any market, up or down. The world of crypto buyers, investors, or gamblers is not specific. The emails shown below are what landed in my inbox this …
Ethereum itself is not a cryptocurrency but rather a programmable platform built using blockchain technology. Its native token, used to fuel operations on the blockchain, is the ether (ETH). The Ethereum platform launched in 2015, and it’s now the second-largest form of crypto next to bitcoin (BTC), with a market capitalization of about $533 billion, …
Well, that was perfect timing. I wrote this piece about Bitcoin and cryptocurrency and then the market tanked. It didn’t just take a dip; it turned into a bloodbath. And that was great! Keep reading to find out why. I have spent the last three weeks trying to wrap my head around investing or buying …
Recently I started to get into seriously investigating investing in cryptocurrencies. But, like many others, I steered clear from crypto while I figured it out. There is no doubt that digital currency not backed by any particular government is hard to wrap your head around. So, what value can it have? It is the same …
Since October 2020, consumers have reported losing more than $80 million to cryptocurrency investment scams, an increase of more than ten-fold year-over-year, according to a new data analysis from the Federal Trade Commission. In a new consumer protection data spotlight, the FTC breaks down the contents of nearly 7,000 reports received from consumers about these …
Cryptojacking is a type of cybercrime that occurs when hackers hijack the processing power of unsuspecting internet users in order to generate new cryptocurrencies. Rising Bitcoin prices often lead people to get into “mining”–the process of using specialized computer hardware to create units of digital currencies. The energy-intensive nature of mining increases the number of …