Cryptocurrency – Follow To Know

Fraudsters are getting better at what they do, and it’s costing Canadians billions | CTV News

November 25, 2023November 25, 2023 mdbincbi

In the past decade, incidents of fraud have risen sharply across Canada, but in that same time, the proportion of cases solved by law enforcement has reached a 20-year low, leaving tens of thousands of victims and millions of dollars in losses unresolved. Statistics Canada data show that 150,000 cases of fraud were reported to police in 2022, the highest-ever in the available data and nearly double the 79,000 cases reported in 2012. Read full story here: Fraudsters are getting better at what they do, and it’s costing Canadians billions…

Federal Documents Hint At Sweeping Economic Impact From Central Bank ‘Digital Loonie’ | CTV News

January 3, 2022January 3, 2022 mdbincbi

OTTAWA – Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency.The Bank of Canada has spent years looking at whether to introduce a digital currency, but so far hasn’t seen an immediate need to issue one. In one briefing note from last January, officials warned Finance Minister Chrystia Freeland that the issuance of a central bank digital currency would entail “wide-reaching implications for the economy, the financial system” and the Bank of Canada’s…

Tesla Bets Big On Bitcoin, Plans To Accept Cryptocurrency | Bloomberg

February 8, 2021February 8, 2021 mdbincbi

Tesla Inc. invested $1.5 billion in Bitcoin and signaled its intent to begin accepting the cryptocurrency as a form of payment, sending prices to a new record after the vote of confidence from the electric-car market leader. The Palo Alto, California-based manufacturer said in a filing Monday it made the bet on Bitcoin after updating its investment policy last month to allow the company to invest in digital assets as well as gold bullion and gold exchange-traded funds. Read full story here: Tesla Bets Big On Bitcoin, Plans To Accept…

Ether Plunges After SEC Says “Dozens” Of ICO Investigations Underway | Ars Technica

March 19, 2018March 19, 2018 mdbincbi

The price of ether, the cryptocurrency of the Ethereum network, has fallen below $500 for the first time this year. The decline comes days after a senior official from the Securities and Exchange Commission acknowledged that the agency had “dozens” of open investigations into initial coin offerings. The price of ether has fallen 19 percent in the last 24 hours, from $580 to $470. “We’re doing obviously a lot in the crypto space, and we’re seeing a lot in the crypto space,” said Stephanie Avakian, co-director of the SEC’s Enforcement Division, at…

TD Bank Becomes Latest To Bar Customers From Using Credit To Buy Cryptocurrency – National | Globalnews.ca

February 23, 2018 mdbincbi

The decision follows moves by several U.S. banks to stop allowing credit card purchases of bitcoin and other cryptocurrencies. The value of bitcoin soared last year, trading for more than C$20,000 per bitcoin. The value of the cryptocurrency has since come off its all-time highs and trades for around C$13,000, but remains up significantly from where it was a year ago. Read full story here: TD Bank Becomes Latest To Bar Customers From Using Credit To Buy Cryptocurrency – National | Globalnews.ca

Blockchain And Cryptocurrency: Everything You Need To Know – CNET

February 12, 2018 mdbincbi

Here’s everything you need to know about the technology powering the bitcoin cryptocurrency today and, soon, a myriad of services that will change your life. This is part of “Blockchain Decoded,” a series looking at the impact of blockchain, bitcoin and cryptocurrency on our lives. These days, we’re having a harder and harder time trusting each other. Trust is an essential part of ordinary living, whether it’s picking mechanics based on Yelp reviews, sliding credit cards into gas station fuel pumps or heeding our doctor’s advice. But our trust has…

Forget $9,000… Bitcoin Falls Below $7,000 [Updated] | Ars Technica

February 5, 2018 mdbincbi

Further ReadingMore bad news pushes bitcoin’s value below $9,000If there were any lingering doubts about whether the Bitcoin bubble was over, those should be gone now. After falling below $9,000 last Thursday for the first time since November, Bitcoin has fallen south of $7,500 as of this writing. Bitcoin was trading at right around $8,250 at the start of Monday, so it’s down nearly 9 percent so far today. Bitcoin had rallied a bit over the weekend, peaking at nearly $9,500 on Saturday, but Monday’s news that Lloyds Bank has…

Banks Ban Credit Purchase Of Cryptocurrency Due To Risks – Engadget

February 4, 2018February 4, 2018 mdbincbi

If you use your Bank of America-, JP Morgan Chase- or Citigroup-issued credit card to buy cryptocurrency, then you’ll have to find an alternative ASAP. According to Bloomberg, the banks have banned crypto purchase using their cards due to the virtual coins’ volatile nature. BofA has already started declining credit transactions with known exchanges, though its debit cards aren’t be affected by the ban. Citigroup also announced on Friday that it’ll no longer process crypto purchases, while JP Morgan Chase’s new rule will take effect today. JPMorgan spokesperson Mary Jane…

GPU Prices Skyrocket, Breaking The Entire DIY PC Market – ExtremeTech

January 20, 2018January 20, 2018 mdbincbi

If you’re looking to build a PC today, chances are you’re in trouble. Cryptocurrency mining has driven the prices of GPUs from “inflated” to “utterly absurd.” In fact, prices are so high, they’re actually higher, in some cases, than we’d expect a person to spend on an entire computer. It’s one thing to say people shouldn’t buy in when a GPU (See on Amazon) is running $50 to $100 over MSRP (and we’ve railed against these kinds of price wars before), but the pricing here is nuts. AMD’s Vega 56…

Chinese Bitcoin Miners Eye Sites In Quebec, Manitoba | CBC News

January 12, 2018 mdbincbi

China’s Bitmain Technologies is eyeing bitcoin mining sites in Quebec, a company spokesperson told Reuters, as expectations of a potential Chinese crackdown on cryptocurrency mining make the energy-rich province an attractive alternative. China has grown into one of the world’s biggest sources of cryptocurrency mining but there are signs Beijing is increasing scrutiny of the sector’s players and may ask local authorities to regulate their power use. Bitmain Technologies, operator of some of the largest mining farms in the country, is among several companies looking to expand overseas. Bitmain spokesperson Nishant Sharma…