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News & Articles By Ethan Huff
07/31/2018
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By Ethan Huff
Young cryptocurrency morons think they will own the world without effort… welcome to Millennial delusions gone digital
They say that Millennials are the first generation in American history to be worse-off financially than their parents – a phenomenon that seems to have a lot to do with the predominant millennial mindset that one can become wealthy without having to work. Perhaps there’s no better example of this than the ongoing cryptocurrency craze, […]
07/12/2018
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By Ethan Huff
Indian government officials nabbed in massive bitcoin money laundering scheme
A senior official from the Indian National Congress (INC), one of India’s opposition parties, is demanding an investigative probe into what he’s calling a “mega bitcoin scam” involving leaders of the country’s majority Bharatiya Janata Party (BJP). Shaktisinh Gohil says that BJP officials have been complicit in a “multi-layered” scam that involved laundering large amounts […]
07/02/2018
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By Ethan Huff
Why Bitcoin could vanish, even as cryptocurrency applications flourish
Just recently, the U.S. Securities and Exchange Commission (SEC) created a new senior position, the responsibilities of which include better regulating initial coin offerings (ICOs) and other cryptocurrency-associated financial instruments. It’s a move that some experts say will ultimately help the cryptocurrency world to become more established and legitimate in the eyes of the public […]
06/28/2018
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By Ethan Huff
After all the hype, Bitcoin can only process 1/1000th the number of transactions as VISA… cryptos “fatally flawed” warns report
The concept behind a peer-to-peer digital currency that’s controlled by the people rather than a private central bank is highly appealing in this day and age of ever-rising inflation. But the practical use of cryptocurrency is a completely different story, particularly with Bitcoin, which a new report says simply can’t be properly scaled for widespread […]
06/19/2018
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By Ethan Huff
As Bitcoin wastes the world’s electricity, Bitcoin mining now a money-LOSING proposition
The market price of the popular online cryptocurrency Bitcoin has sunk so low in recent days, compared to the all-time highs it reached last Christmas, that “mining” the digital “money” is no longer a profitable endeavor, new reports indicate. Because “digging up” Bitcoins from cyberspace requires an incredible amount of computing power and constant technology […]
06/15/2018
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By Ethan Huff
Six months ago, Bitcoin fanatics said the price was headed to $1 million; now it’s under $7,000
A recent hacking incident that took place against the South Korean cryptocurrency exchange, Coinrail, has sent the price of the popular digital currency Bitcoin plummeting to below $7,000 per coin. Just a few months after crypto speculators anticipated a meteoric rise in the price of Bitcoin – some still believe it will eventually reach $1 […]
06/13/2018
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By Ethan Huff
WASTE: Bitcoin to use half a percent of the world’s electric energy consumption by the end of this year
New research published in the journal Joule warns that the energy consumption needed to mine and process Bitcoin could end up being far higher than anyone ever imagined before the year’s end. The latest estimates suggest that the Bitcoin network may end up sucking down half a percent of the world’s total energy output by […]
06/01/2018
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By Ethan Huff
Cryptocurrency blockchains being sabotaged in “51 percent attacks” to steal virtual coins
The plotline of the recently-aired season finale of the fifth season of Silicon Valley eerily came to life this past week when nearly $20 million worth of cryptocurrency was stolen from online exchanges. Crypto-mining thieves reportedly took over the digital currency platforms and proceeded to claw whatever they could from user accounts, capturing tens of […]
05/31/2018
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By Ethan Huff
Bitcoin markets are RIGGED: DOJ investigating widespread fraud and cheating across the crypto space
The Feds have launched a massive criminal probe into cryptocurrency futures, which many believe are being rigged by bad apples with the savvy to manipulate prices in their favor. The Department of Justice (DoJ) is attempting to gain insight into illegal practices taking place in crypto markets and how to curb them. Whether it’s “spoofing” […]
05/28/2018
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By Ethan Huff
DOJ launches massive criminal probe into Bitcoin price manipulation and fraud
Are certain malicious entities committing mass fraud in order to manipulate the price of Bitcoin and other cryptocurrencies? That’s what the United States Department of Justice (DoJ) is currently looking into as part of a new criminal probe into crypto crimes. The investigation comes on the heels of complaints by crypto critics that crypto markets […]
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