YouTube promotes a 'live' crypto scam for Taylor Swift
On my YouTube home page at the moment is a promoted 'live' ask me anything from Taylor Swift. Seeing as her latest album Midnights is currently breaking records everywhere, that’s not surprising.
The thing is this live video isn’t what it seems to be.
NVIDIA is crippling the crypto-mining capabilities of some GPUs
As cryptocurrencies such as Bitcoin and Ethereum become more and more mainstream, there is growing interest in not only investing in crypto, but also mining for it. It is increasingly popular for the "spare" processor power of GPUs to be put to this very use, but NVIDIA is clamping down.
The graphics card maker is deliberating limiting the mining capabilities of its latest GeForce RTX 3060 GPUs, saying "GeForce is made for gaming". But it is not all bad news for fans of crypto-mining; the company is also launching a new NVIDIA CMP (Cryptocurrency Mining Processor) line.
Fintech startup Revolut brings cryptocurrency trading to US customers
British fintech firm Revolut has partnered with New York-based Paxos to bring Bitcoin and Ethereum trading to customers in the US.
Having only launched in the United States in March this year, Revolut is gradually bringing the services it already offers in Europe to its American user base. Thanks to the new partnership, residents of 49 states can now indulge in some crypto trading.
Coinbase announces Ethereum Classic support, coin skyrockets afterwards
Coinbase is one of the largest cryptocurrency exchanges in the world, so when it announces plans to support a new player the news is bound to have a major impact on the market. The result is always the same: a massive buying spree, which can lead to coins posting double-digit gains in a matter of hours.
This was also the case for Ethereum Classic, which will be listed on Coinbase in the coming months. The exchange says that it will be included first on Coinbase Custody, which is where customers will be able to make deposits and withdrawals.
Hacker exploits Verge bug to generate cryptocurrency coins worth $780,000 in 3 hours
Verge may not be the biggest cryptocurrency out there, but it does have quite a following and has generated enough interest to attract hackers. The cryptocurrency came under attack for three hours yesterday, enabling a hacker to net 15.6 million Verge coins worth around $780,000.
There was initially speculation that Verge had fallen victim to a ">51% attack" -- in which an attacker is able to forge transactions by taking control of more than half of the network -- but this has been denied by developers. A hard fork is being prepared to patch the bug that allowed the attack to take place.
Cryptocurrency exchange Binance launches new public blockchain -- Binance Chain
Just after offering up a bounty to track down the hackers who attacked it, cryptocurrency exchange Binance has announced the launch of a public blockchain.
Binance Chain, as it is known, is the exchange's vision of the future, and it will focus mainly on the transfer and trading of blockchain assets. Binance also announced that its own Binance Coin (BNB) will become a native coin, changing from the current Ethereum-based ERC20 token.
Bitcoin targeting $10,000 again, major cryptos post solid gains
The cryptocurrency market seems to have recovered after a massive correction took it below $280 billion earlier this month. That valuation brought the scene back to mid-November levels, with all the majors posting significant losses as a result. However, things have changed rather quickly, as, today, the market is getting closer to breaking $480 billion.
Bitcoin looks to be spearheading the push, as it's testing the $10,000 level, having the third-largest daily increase of the top 10 players at 8.9 percent. Litecoin is the best performer, by far, with gains of 19.5 percent, followed by IOTA with 9.1 percent. In the days following the crash, Litecoin consistently posted solid gains.
Opera 50 web browser will offer anti-Bitcoin cryptocurrency mining feature
Opera may not be the most popular web browser, but it is certainly one of the most feature-full offerings. Quite frankly, it is actually quite good, and if you haven't tried it recently, you should. Not to mention, it is very much a cross-platform affair, offering versions for Windows, macOS, Linux desktop, Android, iOS, and more.
The upcoming version 50 of the Opera web browser is particularly intriguing. Why? Well, it will offer a really cool integrated anti-Bitcoin mining feature. Besides Bitcoin, it will also block the mining of other cryptocurrencies such as Litecoin and Ethereum. If you aren't aware, some websites are hijacking user computers to mine for cryptocurrencies. This is not only a potential violation of trust, but it can negatively impact the computer's performance too. Mining is also a huge waste of electricity. Opera 50 will offer an optional setting that, when enabled, blocks this nonsense.
Crypto market is crashing hard: over $230bn wiped off
The cryptocurrency market has been on a tear this year, shattering record after record. Fueled by majors like Bitcoin, Ethereum, Ripple and Bitcoin Cash, it reached an incredible valuation on December 21: $654 billion. However, after the peak comes the fall, and here the crashes tend to be swift and massive.
Case in point: the cryptocurrency market is now down by more than $230 billion from yesterday's high. And, yes, you are reading that right. Its capitalization is currently hovering around the $422 billion mark. All the majors (top 10) are down by double digits in the past 24 hours, with Bitcoin suffering the smallest loss at 27.05 percent, as are nearly all the other coins in the top.
Crypto market now worth over $500 billion
The cryptocurrency market has come a long way this year. Fueled by the incredible growth of Bitcoin and altcoins like Ethereum, Ripple and Litecoin, its valuation rose from 17.7 billion on January 1 to more than $0.5 trillion today.
More than $100 billion were added to the crypto market's capitalization in the past week. Bitcoin's rise has slowed down, but the other major players saw a massive boost that took them to new highs.
Litecoin breaks $300 as Bitcoin growth slows down
It's an interesting day in the cryptocurrency scene. All the coins in the top 10 are in the green, posting some serious gains over the last 24 hours. The most impressive showing comes from Litecoin, which is up over 80 percent, while the most modest increases come from Bitcoin and Bitcoin Gold.
Litecoin has been steadily growing over the past month, rising from just under $60 on November 12 to over $300 today -- at the time of writing this article, Litecoin is trading around the $325 mark. As a result, it has become the fourth most-valuable cryptocurrency, after Bitcoin, Ethereum and Bitcoin Cash.
The crypto rally is over as market enters correction
Fueled by Bitcoin, Ethereum, Bitcoin Cash and other major players, the crypto market hit a new all-time-high yesterday, reaching a valuation of over $345 billion. But, as the saying goes, what goes up must come down. So, as the incredible rally finally came to an end, the market started to crash, big time.
This is not uncommon for the crypto scene. This year we have seen three similar crashes happening. All coincided with Bitcoin setting a new price record. This one is no different, as the market entered a correction right after the most-valuable cryptocurrency broke $11,500, sending it back into the low-$9,000s.
Ethereum passes $400
For the first time in the past few months we are starting a conversation about the cryptocurrency market that does not revolve around Bitcoin. The reason is Ethereum, which just went past $400 for the first time since the record high in mid-June.
This is a pretty significant development, as Ethereum's performance has been lackluster since its peak. The only time it got close to $400 was on September 1, after which a ban on ICOs in China helped drive its price to under $200.
Ethereum wallet vulnerability freezes hundreds of millions of dollars
Ethereum is a hugely promising blockchain technology which has really taken off this year, thanks in no small part to the backing of major companies like Microsoft, Intel and Cisco. It is also super valuable as a cryptocurrency, being worth around $28 billion, and a great platform for ICOs (Initial Coin Offerings).
So, many startups are now turning to Ethereum to raise money, and the way that they are doing it is through smart contracts. Only problem is, they are not bullet-proof, as a newly-uncovered vulnerability in a popular wallet puts hundreds of millions of dollars at risk.
Bitcoin breaks $6,600
Just moments ago I was reading about Bitcoin setting a new price record above $6,400. The main cryptocurrency has been incredibly strong, and resilient during crashes, so this latest development does not surprise me one iota.
What also does not surprise me is that Bitcoin kept going after reaching the $6,400 mark, settling above $6,600 at the time of writing this article, based on an average from major exchanges like Bithumb (where it's actually gone past $6,700), Kraken, GDAX and Poloniex.
Recent Headlines
BetaNews, your source for breaking tech news, reviews, and in-depth reporting since 1998.
© 1998-2025 BetaNews, Inc. All Rights Reserved. About Us - Privacy Policy - Cookie Policy - Sitemap.