In November 2018, Binance cryptocurrency exchange blocked an account containing almost $1 million worth of funds. Its owner accuses the site employees of embezzlement. This was initially reported to Forklog by the representatives of HackControl.
As governments and law enforcement agencies love to remind us, Bitcoin, just like everyday paper cash, does have a darker side. Many people entered crypto through shady deals and darknet markets. Yet some managed to get their lives in order and realized that Bitcoin was just so much more than darknet cash.
A lot is going on with the economy. The monetary authorities around the world leverage their powers to intervene by printing money and introducing unconditional payments for citizens, businesses change their model or struggle to keep afloat.
Lightning Network, a second layer payment protocol, can mean a lot to Bitcoin and other blockchain-based systems. It is hailed as a solution to scalability problems and a way to make crypto payments ubiquitous, but the tech isn’t quite mature enough to handle all that.
When the quarantine is over and there are people in the streets and shops once again, we may see a world that isn’t the same as the one before. On the one hand, many people and organizations will learn new tools and ways to work remotely. On the other hand, the world economy will take […]
The market crash of the 12th–13th of March, was an unexpected and tough trial even for seasoned investors. The actual reasons behind the crash are still up for debate.
The current shifts in politics and economics will affect everybody regardless of their involvement with Bitcoin. Moreover, the current crisis presents an opportunity for Bitcoin to achieve what it was made to achieve—become money.
While waiting for the world to get back to normal, it may be useful to take a moment and turn away from all the turmoil and uncertainty. In this particular case, we offer you to look back at certain fundamental values and properties of Bitcoin.
How much more do banks earn from investments than their clients? Do they screw poor people over? Is DeFi a viable alternative system for banking? How can we entice more users to join DeFi systems? What business models allow private funds working with DeFi to become a bridge to the world of cryptocurrencies for the […]
The last few weeks have been hard for the world economy and logistics. Logistics and supply chains are disrupted, some states close their borders and restrict public events. This doesn’t make investors happy, lowering business activity and total demand.
Bitcoin has long carried the informal title of digital gold. This title implies that Bitcoin was believed to share certain qualities with gold, namely being a protective asset during periods of market turmoil.
As the Bitcoin markets settle down, it’s still not clear how the price of the first crypto will develop, given the tough time entire nations’ economies are going through.