FTC Data Shows Huge Spike in Cryptocurrency Investment Scams

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 … Read more

What Is Cryptojacking? How to Detect Mining Malware

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 … Read more

The new ‘Libra’ cryptocurrency: Here’s what Facebook stands to gain

When Facebook announced its grand cryptocurrency idea on Tuesday, the rebellious nature of crypto-coins — decentralized, anonymous, not backed by a government — was decidedly missing. Facebook has a highly sophisticated way of identifying users, said its currency would be backed by real money, and “Libra” seems anything but libertarian. The currency does, however, open … Read more

Using Bitcoin to Build an Emergency Fund – Update #2

This is the second update in my weekly series of my experience using cryptocurrency to get people excited about saving money. I will be the first person to admit there is little fundamental reasoning behind investing in cryptocurrencies like Bitcoin, Litecoin, Ethereum, or any one of the many other digital currencies out there. However, one … Read more

How to Use Bitcoin to Get Out of Debt or Build an Emergency Fund

Bitcoin and other cryptocurrencies are going from a dull whisper to a louder conversation lately. The value of Bitcoin especially has shot way up. I remember when I first heard about Bitcoin in 2015 and it was trading for around $200 a Bitcoin. It’s now gone as high as $18,000 for that same Bitcoin. A … Read more