Home Tags Cryptocurrency

Tag: cryptocurrency

Regarding Facebook’s cryptocurrency

If Bloomberg and the New York Times are to be believed, later this year Facebook will introduce a cryptocurrency which will allow WhatsApp users to send money instantly. Yes, that’s right: Facebook. Cryptocurrency. Earthquake! Revolution! The world is tilting on its axis! The end times are cometh! Except – um – what exactly are people…

Introducing ‘JPM Coin’: JPMorgan will be the first major US bank...

Kimberly White/Getty Images In a first for a major US bank, JPMorgan said on Thursday it would launch a cryptocurrency tied to the US dollar. The bank said the coin, called the "JPM Coin" is intended to "make instantaneous payments using blockchain technology."  JPMorgan's chief executive officer, Jamie Dimon, said in late 2017 that bitcoin,…

It now costs more to make bitcoin than the cryptocurrency is...

Jaap Arriens/SIPA USA/PA Images IT COSTS more money to make bitcoin than the cryptocurrency is worth. Producing a single bitcoin now costs $4060 on average, but it is valued at less than $3500, according to an analysis by JPMorgan Chase. Bitcoin relies on volunteers to process transactions. Their computers race to solve a mathematical puzzle…

Hackers are stealing computer power to make millions in cryptocurrency

Cryptojacking is a growing problemLouisa Svensson / Alamy Stock Photo By Chris Stokel-WalkerHacker gangs are raking in millions of dollars using a technique called cryptojacking. It works by illicitly harnessing the computer power of thousands of people to mine cryptocurrency without them knowing. Guillermo Suarez-Tangil at King’s College London and Sergio Pastrana at Madrid’s Carlos III…

EDITOR PICKS