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News & Articles By Nolan Barton
07/09/2021
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By Nolan Barton
Number of cryptocurrency scams in America soared over the last two years
Nearly 26,500 cases of cryptocurrency scams were reported to the government last year, resulting in a loss of $419 million. This year, the number of cases is on pace to exceed those numbers. Glenn Titus of Salem, Oregon was among those who got scammed recently. Titus was hit by what’s known in the world of […]
06/28/2021
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By Nolan Barton
Big “Q”: Questions surround John McAfee’s death
Software pioneer John McAfee’s Instagram account on Wednesday, June 23, posted the letter “Q” just minutes after a news outlet shared the news that he was found dead in his jail cell from an apparent suicide. McAfee’s body was found at a facility near Barcelona just hours after Spain’s National Court approved his extradition to the […]
06/17/2021
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By Nolan Barton
El Salvador plans to use geothermal energy from volcanoes for bitcoin mining
President Nayib Bukele of El Salvador has instructed a state-owned geothermal electric company to put up a plan to use geothermal energy from the country’s volcanoes for bitcoin mining. Bukele announced his move on Twitter at 1:35 a.m. Thursday, June 10, just hours after El Salvador became the first country to authorize bitcoin as a legal tender. […]
06/15/2021
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By Nolan Barton
Cybercriminals ditching Bitcoin in favor of Monero
Cybercriminals who thought transacting in cryptocurrency automatically protected them from scrutiny were proven wrong when the Federal Bureau of Investigation (FBI) successfully breached a crypto wallet held by the Colonial Pipeline hackers. Now with this in mind, hackers have started turning to coins with anonymity built into them, such as Dash, Zcash and Monero. Monero, in particular, is quickly becoming […]
05/27/2021
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By Nolan Barton
Treasury to crack down on “illegal activities” in cryptocurrency markets and transactions, ignoring the fact that most crimes are carried out in DOLLARS
The Department of Treasury announced that it is taking steps to crack down on illegal activities in cryptocurrency markets and transactions. It will also require any crypto transfer worth $10,000 or more to be reported to the Internal Revenue Service (IRS). “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” […]
02/28/2021
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By Nolan Barton
Chinese-owned bitcoin farms blamed for widespread and frequent power outages in Iran
Chinese-owned bitcoin farms have been blamed for the widespread and frequent power outages in major cities across Iran since early January. An official from Kerman province said on Jan. 8 that a bitcoin farm near the town of Rafsanjan was consuming an enormous amount of energy. According to authorities, that was the largest bitcoin farm […]
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