Archive | August 10, 2017

Who Created Ethereum?

While working on a number of Bitcoin projects, a 19-year-old programmer from Toronto, Vitalik Buterin, conceived the idea for Ethereum. Ethereum was intended to be a robust platform that allows developers to build blockchain applications. Buterin was inspired by some of the shortcomings he faced when trying to build applications on the Bitcoin blockchain. He […]

What Is an ICO?

An Initial Coin Offering, also commonly referred to as an ICO, is a fundraising mechanism in which new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It’s somewhat similar to an Initial Public Offering (IPO) in which investors purchase shares of a company.ICOs are a relatively new phenomenon but have quickly […]

Bitcoin and Taxes

Tax season can be confusing enough with complicated rules about what types of income are taxable and which are not; what can be written off and what can’t; and which assets need to be listed and which do not. Add to that the confusion around digital currency and its status in the eyes of governments, […]

Konni Malware Targets North Korea

It does not happen all that often that we see an instance of malware targeting North Korea specifically. After all, very little information is known about North Korea and no one wants to touch that powder keg if they can avoid it. Konni is a new type of malware targeting this country specifically, and its Remote Access […]

$5000 Bitcoin? 3 Reasons to Buy—and to Stay Away – Fortune

Fortune$5000 Bitcoin? 3 Reasons to Buy—and to Stay AwayFortuneBitcoin has gone on bull runs before but nothing like this: Prices this week shot through the $3,500 mark as the mainstream media hailed digital currency as a new asset class. Then it got another boost as the blue chip brokerage house, Fidelity …Buoyant bitcoin stirs crypto-bubble […]

Coinbase Raises $100M to “Help Accelerate Digital Currency Adoption”

On August 10 the San Francisco-based company Coinbase announced it has raised US$100M in a Series D funding round. The company says the large capital injection will be used to help “create an open financial system for the world.” Also read: Breadwallet’s Bitcoin Cash Tool Arrives Next Week — Full Client Coming Soon This week the […]

NASA Is Hiring Someone to Defend Our Planet From Aliens

Every kid dreams of becoming an astronaut, but a much cooler position recently opened up at NASA. The agency is looking for a planetary protection officer (PPO), someone who will be in charge of defending the Earth from alien contamination, and who will prevent us from contaminating other worlds we explore. It Pays a Six-Figure Salary As if being […]

Howard Marks, who’s called past market bubbles, says ‘I don’t understand what’s behind bitcoin’ – CNBC

CNBCHoward Marks, who’s called past market bubbles, says ‘I don’t understand what’s behind bitcoin’CNBCBitcoin has gotten a lot of fanfare lately but not from Howard Marks, a legendary value investor on Wall Street. Marks told CNBC’s “Halftime Report” on Thursday that’s because he doesn’t understand what is the actual value of Bitcoin. “It’s not a […]

Bitcoin resumes climb, extending 2017 rally – MarketWatch

MarketWatchBitcoin resumes climb, extending 2017 rallyMarketWatchThe price of bitcoin and other digital currencies rose on Thursday, with bitcoin hovering near record levels and extending a healthy year-to-date advance. The climb in the asset class cam…

Bitcoin: Buy or Buyer Beware? – Barron’s

Barron’sBitcoin: Buy or Buyer Beware?Barron’sBitcoin – the controversial newish digital currency that has been much in the news of late – had an eventful first day of August, when it was announced that henceforth there would be two versions of the cryptocurrency. How that will affect valuation …Howard Marks, who’s called past market bubbles, says […]