‘Cryptojacking’, the term used to describe an invasive method to mine cryptocurrencies. The hacker uses a software hidden in different webpages and it consumes CPU power from the victims. The CPU power of all the victims together can be used to mine cryptocurrencies like Monero.
Ripple is the first cryptocurrency with a concrete purpose of its existence. They are designed for the banks and other financial institutions to help them lower transaction fees for fiat currencies. Ripple aims to achieve this with the (XRP) token and Ripple’s network. During the last few months Ripple is actively achieving its purpose.
Coincheck, the cryptocurrency exchange hacked on January the 26th announced that it will refund the investors that lost their NEM. The company has been hacked and lost 523 million NEM coins, worth around $500 million dollars. On January the 27th, the company has released a statement explaining how it will refund investors.
With blockchain becoming an everyday part of businesses, many sectors are beginning to realise its full potential and how they can integrate it into their lines of work. Data management company Amalto has announced to the general public it’s partnership with blockchain technology firm ConsenSys. This joint venture, it states, is for the development a […]
Many people over the course of this month have been watching the progress of Ethereum very closely, I must say that personally I think the coin has performed better than ever expected. Considering the bearish run of cryptocurrencies in 2018 coupled with Ethereum’s own internal issues like skating and all, its ability to have stayed […]
At CoinStaker we have written several times how Russia was planning to issue a national cryptocurrency. They have decided to call it ‘the Cryptoruble’, due to the fact that it will be the digital version of the Russian ruble. A draft law has been submitted to the Russian parliament to introduce the national cryptocurrency as a means of payment.
It seems that the advice to store cryptocurrencies in cold storage wallets was not enough. Coincheck, one of the largest cryptocurrency exchanges in the country got hacked. The massive hack resulted in a loss of 523 million NEM coins something around $500 million dollars. In order to explain the situation, Coincheck gave a press conference where more information was given.
Several investors have been entering to the cryptocurrency world during the last year. Most of the cryptocurrency trading sites have been experiencing difficulties and problems. But it did not mean that they were not taking fees when users were operating in the platform. Robinhood wants to change that.