Cryptocurrency

Lawsuit: Kim Kardashian, Floyd Mayweather Tricked Followers in Alleged Cryptocurrency Scam

A class action lawsuit is accusing Kim Kardashian and Floyd Mayweather of artificially inflating the price of the cryptocurrency “EthereumMax” and making “false or misleading statements” about the token. The cryptocurrency has crashed 97 percent since June, leading investors to accuse the team behind the token and their celebrity partners of engaging in a “pump and dump” operation.

Instagram/@kimkardashian

Surprise!: Your Norton 360 Security Software Now Comes with a Cryptominer

Norton 360, one of the most popular security suites on the market, has reportedly begun installing a cryptocurrency mining program on its customers’ computers. Although the cryptominer is opt-in, the company is facing considerable backlash from customers who expect features like antivirus, not a tool to use their hardware (and electricity) in the hopes of generating digital currency.

Israel seeks to beat election cyber bots

‘All My Apes Are Gone:’ NFT Investors Are Losing Millions to Scammers

Theft of NFTs (Non-Fungible Tokens) appears to be on the rise, with many collectors losing millions of dollars as a result. In one recent example that led to widespread mockery, an NFT investor complained “all my apes are gone,” referring to the popular “Bored Apes” and “Mutant Apes” NFTs they had invested in.

A man surfs

2021: The Year Cryptocurrency Heists Went Nuclear

Cryptocurrency and blockchain technology reached even greater heights of popularity in 2021, but it was also the year that hackers began to take full advantage of digital cryptocurrency exchanges stealing hundreds of millions of dollars throughout the year, including a single heist that totaled an amazing $600 million in stolen crypto.

Hackers-Hacking-Reuters

Music Legend Brian Eno on NFTs: ‘Right Now, I Mainly See Hustlers Looking for Suckers’

Legendary musician Brian Eno, known for his contributions to electronic music and collaborations with David Bowie, recently discussed the concept of Non Fungible Tokens (NFTs), expressing his skepticism over them and cryptocurrency in general. Speaking to an interviewer, Eno said: “People I like and trust are convinced they’re the best thing since sliced bread, so I wish I could have a more positive view, but right now, I mainly see hustlers looking for suckers.”

Brian Eno singing at Roxy Music concert

El Salvador to Build First ‘Bitcoin City’ at Base of Volcano

El Salvador’s government plans to build a “Bitcoin City” at the base of Conchagua Volcano in the country’s southeast in 2022, El Salvador’s La Prensa Gráfica newspaper reported Saturday, noting the city will be designed to harness the volcano’s geothermal energy to mine cryptocurrency.

Bitcoin.

El Salvador: Opposition Protests Bitcoin Becoming Legal Tender

Thousands of people opposed to the populist government of El Salvador President Nayib Bukele staged demonstrations in the country’s capital city, San Salvador, on Sunday in which they denounced his recent legalization of Bitcoin as a national currency, the Associated Press (AP) reported Monday.

A Chivo Wallet Bitcoin ATM burns during a protest against President Nayib Bukele's policies on Independence Day in San Salvador, on September 15, 2021. - Thousands of Salvadorans demonstrated on Wednesday to demand that President Nayib Bukele respect the separation of powers and reject the introduction of bitcoin as legal …