Tech News

Banks Can Now Hold Cryptocurrencies, As a Treat

According to a public letter from the U.S. Comptroller of the Currency, the federal group responsible for the security of the banking system, banks are now allowed to hold cryptocurrencies. This doesn’t mean you’ll be stacking Sats in an FDIC insured account at Chase. Instead, banks will be allowed to offer cryptocurrency wallets and “hold … Continued

Tech NewsSocial Media

France Vows to Block Facebook’s Libra Currency in Europe, Suggests ‘Public Digital Currency’ Instead

The French government is vowing to block Facebook’s Libra cryptocurrency from being introduced in Europe, according to French Finance Minister Bruno Le Maire, who denounced the planned digital currency at a meeting of the Organization for Economic Co-operation and Development (OECD) in Paris today. “I want to be absolutely clear: in these conditions, we cannot … Continued

EartherEnergy

China Considers Ban on Cryptocurrency Mining Because It’s a Stupid Waste of Energy

Regulators in China are considering a ban on cryptocurrency mining as an “undesirable” economic activity, according to a government document released Monday. China’s National Development and Reform Commission (NDRC) published a new paper that includes a proposal to ban the mining of cryptocurrencies like Bitcoin over concerns that crypto mining is a waste of valuable … Continued

Tech News

Bitcoin Price Plunges After Hack of South Korean Exchange, Down 53 Percent Since December

It’s hard out there for people who play with imaginary money. Bitcoin and other cryptocurrencies plunged over the weekend after it was revealed that a South Korean exchange, Coinrail, was hacked. Roughly $42 billion of market value was destroyed in the sell-off, and Bitcoin has lost over 50 percent of its worth since December. Bitcoin, … Continued

Tech NewsPrivacy & Security

China Bans Initial Coin Offerings, Warning of Financial Scams

The initial coin offering party is over in China. A committee led by the People’s Bank of China, the nation’s central bank, has imposed an immediate ban on new cryptocurrency crowdfunding efforts and warned many ICOs are scams, TechCrunch reported. According to financial news site Caixin, the committee warned ICOs could be used for pyramid … Continued

Tech NewsGadgets

How Exactly Do You Get Rich Off the Hot New Cryptocurrency?

With the meteoric rise in popularity of Ethereum, cryptocurrencies and blockchains are back in the news again. Graphics card prices have soared with the promise that those who have the computers and know-how to do some serious mining can take home huge sums in a Bitcoin-like gold rush to snatch up as much virtual currency … Continued