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PayPal Co-Founder Admits Original Mission of PayPal Was Creating A ”Global Currency” Much Like Cryptocurrency
Cryptocurrency
PayPal Co-Founder Admits Original Mission of PayPal Was Creating A ”Global Currency” Much Like Cryptocurrency
No matter the current market sentiment, digital currencies have undoubtedly made more headlines in the last years than ever before. However, the notion of global digital currencies far predate the last few years. PayPal wanted to create a global currency “long ago” According to recent comments from PayPal’s co-founder, Luke Nosek, the payment company was reportedly initially looking to create its own digital currency long ago. Moreover, this currency was…
Why are Cryptocurrencies So Popular Among Certain Demographics
Cryptocurrency
Why are Cryptocurrencies So Popular Among Certain Demographics?
Cryptocurrencies have been very popular since their inception. When it comes to Bitcoin, Ripple and the many other cryptos, most people are at the least, intrigued by their progress, as there is no precedent for them. Others are entirely obsessed with the concept and spend their lives tracking minute-by-minutes positions. It seems clear, though, that certain demographics have a greater interest in cryptos than most, but which ones are these…
Seven Crypto Exchanges Now Working with Nasdaq
Cryptocurrency
Seven Crypto Exchanges Now Working with Nasdaq
If a cryptocurrency exchange decides that it wants to use a new surveillance technology owned by Nasdaq, they’re going to be required to pony up more than just money. Currently, a unit of around 20 members participates in a thorough due-diligence system to ensure exchanges are 1) ethically inclined to put the software to correct use, and 2) technically capable of doing so. Exchanges who can afford the software and…
$1.7 Billion Worth of Cryptocurrency Stolen in 2018, $950 Million from ”Immature” Exchanges and Wallets
Cryptocurrency
$1.7 Billion Worth of Cryptocurrency Stolen in 2018, $950 Million from ”Immature” Exchanges and Wallets
During all of 2018, a whopping $1.7 billion worth of cryptocurrency was reportedly stolen. These funds come from a wide variety of sources – e.g. custodial services such as wallets, cryptocurrency exchanges, as well as ICO exit scams. Cryptocurrency thieves may not be able to launder their stolen funds Furthermore, this amount is a substantial increase from 2017. Nevertheless, the increased awareness and understanding of cryptocurrencies during 2018 may very…