Bitcoin is on a roll and the crypto market benefits
Things took a turn for the worse in the cryptocurrency market after the price of Bitcoin broke the $3,000 barrier in mid-June. All the major coins posted significant losses, leading the market to shed tens of billions of dollars in value in a really short period of time. The flippening? Well, that didn't happen. Ethereum crashed even harder than Bitcoin, dropping from a $400 peak to $150 last month.
But, as investors know, volatility is the name of the game. The cryptocurrency market has repeatedly crashed and recovered to reach new highs, and it's on the same path now as the rise of the major coins, spearheaded by leader Bitcoin, goes to show.
Coinbase and GDAX will offer Bitcoin Cash withdrawals after all
Before Bitcoin Cash arrived, Coinbase made it clear that it had no plans to support a hard fork of Bitcoin and the resulting coins. That policy applied to its trading platform, GDAX, as well. So, customers who wanted to access Bitcoin Cash were told to withdraw their Bitcoin before the beginning of August.
However, fast forward to today and Coinbase announced that it will support Bitcoin Cash after all, in what looks like an attempt to appease the horde of angry customers that either did not get its original message or couldn't withdraw their Bitcoin in time for the hard fork.
Most IT departments in UK under pressure to reduce costs
IT departments across the UK will soon face major budget cutbacks over the next five years as companies try to get a handle on increased costs, new research has claimed.
A shocking 92 percent of IT departments are under pressure to reduce expenditure, according to a poll of over 900 IT leaders by Fuze.
Apple and Google pull binary trading apps from their stores after financial scams
A recent investigation by The Independent uncovered a financial scam that was placing thousands of people at risk. An increasing number of binary trading options have proved to be fraudulent, and in the UK they fall outside the control of financial regulators.
Binary option scams have been described as "possibly the biggest financial scam in the world," and Apple and Google have cleared hundreds of trading apps from the App Store and Google Play after a review by the Australian Securities & Investments Commission (ASIC).
Huawei Q2 2017 by the numbers: $41.83 billion revenue, 11 percent operating margins
Huawei has revealed more encouraging financial results as the company extends its influence across the technology world.
The Chinese firm disclosed that revenues grew 15 percent in the first half of 2017 to reach $41.83 billion, with operating margins reaching 11 percent.
Samsung Q2 2017 by the numbers: $54.8 bn revenue, $12.6 bn profit
Strong sales of its latest Galaxy S8 smartphone and increased demand for its memory have led Samsung to have a record second quarter.
The company released its financials for Q2 today and the company earned $54.8 billion total with $12.6 billion in profit. All of Samsung's products performed exceptionally well with its smartphone and memory divisions leading the charge.
Ransomware victims paid over $25 million to recover files
Ransomware victims have paid more than $25 million in the past two years to get their data back, a new study by Google has shown.
The report, made by researchers at Google, Chainalysis, UC San Diego, and the NYU Tandon School of Engineering, followed the trail of cryptomoney through the blockchain, allowing researchers to get a birds-eye view of the ransomware world.
Ledger X is the first regulated cryptocurrency exchange in the US
In just a few months, digital currency investors and miners will be able hedge their investments under US regulatory oversight.
The cryptocurrency trading platform operator, Ledger X has been been granted registration by the US Commodity Futures Trading Commission to become the first federally regulated digital currency options exchange and clearing house in the US.
Alphabet Q2 2017 by the numbers: $26 bn revenue, $3.5 bn profit
There are four key areas where digital businesses can make a significant profit, and Google's parent company Alphabet appears to be gaining in all four of them according to its latest earnings report.
In a recent call to reveal its results, Alphabet said revenue rose 21 percent to $26 billion, in the second quarter of 2017. Net income was $3.5 billion.
Veritaseum cryptocurrency loses $8.4 million in ICO hack
The cryptocurrency market is a very attractive target for hackers. This month alone, we have seen successful attacks carried out against popular wallets and an ICO (Initial Coin Offerings), during which hackers stole tens of millions of dollars. And the siege is not over yet.
Veritaseum, which is one of the most valuable cryptocurrencies, also had its ICO hacked, with the attacker (or attackers) managing to steal $8.4 million in tokens. This time around, it was more sophisticated than the CoinDash ICO hack which happened just a week before.
Microsoft Q4 FY2017 by the numbers: $24.7 billion revenue, $7 billion profit
Microsoft has beaten analyst expectations once again with better than expected quarterly earnings.
The Redmond, Wash.-based giant has released its latest quarterly earnings, for Q4 FY2017, showing a non-GAAP revenue of $24.7 billion and GAAP earnings of $0.83 per share. Non-GAAP operating income sat at $7 billion.
How large would the financial losses get in case of a global cyber attack?
A global cyber-attack could be as expensive as a major natural disaster, a new report has claimed.
Analysis by Lloyd’s of London compared the effects of a hypothetical global cyber-attack to the super storm known as Hurricane Sandy that hit the US coast in 2012, in terms of the financial impact.
PayPal support is coming to Samsung Pay
Samsung is entering into an "extended partnership" with PayPal to bring PayPal support to Samsung Pay. To start with, PayPal will be available as a payment method in the US first, but it will expand to other countries in the future.
It means that not only can PayPal be used as a source to fund Samsung Pay for POS purchases, but Samsung's Braintree merchants will also be able to accept PayPal payments for online and in-app purchases.
What can you buy with Bitcoin?
Many people are talking about Bitcoin as an investment: you buy some today, hold for a while, and sell later when the price suits you. But what if you want to buy Bitcoin and use it as an actual currency? What could you get with it?
At first glance, this looks like a simple question. However, the answer is not. And here is why.
If you want to invest in the cryptocurrency market, get used to its volatility
Investing in cryptocurrency is not for the faint of heart. The market is simply too volatile. In a short period of time, it can reach all-time highs and crash, repeatedly, seemingly out of nowhere. The trick is to not let those moments define your actions.
Just like you enjoy seeing it break new records, you have to get used to the fact that there will be some terrible days as well. Today is one of those days. All the major cryptocurrencies are in the red, with the vast majority posting double-digit losses over the last 24 hours.
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