BitConnect – the newest exit scam in the cryptocurrency continuum
The curtains have just come crashing down on BitConnect, the cryptocurrency exchange and lending platform, as the platform’s administrators have just announced cessation of all business operations associated with the company. Many experts in the cryptocurrency community expected this collapse, especially that BitConnect seemed like a ponzi scheme from the very beginning.
Cryptohacking: ad networks harnessing customer power for monero mining
Some advertising networks and video streaming sites are secretly using the processing power of their users’ machines to mine altcoins, namely monero and zcash. All what it takes to get your machine infected with a silent cryptocurrency miner is to click on a pop-up ad. It is that simple.
China is on the verge of knocking out its bitcoin whales
The Chinese government is continuing to exercise aggressive policies against cryptocurrency related activities, especially trading and mining, within the Chinese border. Not only have the Chinese authorities shut down all cryptocurrency exchanges located in China, but they have also issued a warning for all mining businesses to halt all cryptocurrency mining operations taking place on Chinese soil.
Around 80% of bitcoin has already been mined
This past weekend, bitcoin miners have confirmed that they collectively mined 16.80 million of the limited supply of 21 million coins. As such, there is only 4.20 million bitcoins left before the network reaches its 21 million supply cap.
Guide to atomic swap – trustless cross-chain trading
Atomic swaps, or atomic cross-chain trading, is a decentralized cryptocurrency-to-cryptocurrency trading method that relies on smart contracts, without having to trust any intermediary, or third party. The Komodo project is currently the most prominent project in the “atomic swaps” arena, yet it is still under development.
What not to do when trading cryptocurrencies
In 2017, the cryptocurrency market capital grew from $15 billion to over $700 billion. Consequently, trading cryptocurrencies has never been more tempting. Even though trading cryptocurrencies might seem like a great investment, you have to keep your head above water, or else the market’s volatility can hit your hard.
