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Digital Currencies vs. Cryptocurrencies, Explained

What are digital currencies?Digital currencies are money used on the Internet.Digital money exists only in the digital form. It doesn’t have any physical equivalent in the real world. Nevertheless, it has all the characteristics of traditional money. Just as classic fiat money, you can obtain, transfer or exchange it for another currency. You can use it to pay for the goods and services, such as

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Governments Using Crypto as a Reason to Spy on Us

Since its inception in 2009, Bitcoin pioneered the way for cryptocurrencies and has boomed into mainstream consciousness in 2017. Blockchain technology promises liberation from centralized banking, but its anonymous nature also puts it in the sights of government and security agencies.A prime example is the now defunct Silk Road, which was an online marketplace that allowed users to buy and sell e

Despite What Politicians Say — Terrorists Don’t Use Bitcoin

Op-Ed Do you know who uses bitcoin? Terrorists, neo-Nazis, and pedophiles. Not to mention the bogeyman, cyber criminals, and that creepy old guy at the end of your street. All of them are using bitcoin right now to do god-knows-what, but whatever it is you can bet it’s naughty. How do we know this? Because our government says so, and governments wo

10 of the Biggest Lies Told About Bitcoin

Featured As British Prime Minister Benjamin Disraeli once averred, there are three kinds of lies: lies, damned lies, and statistics. Bitcoin is frequently on the receiving end of them all, whether it’s exaggerated statistics about energy consumption or damned lies conflating it with terrorism. We’ve rounded up 10 of the most pervasive mistruths a

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Bulgarian Banks Block Accounts of Crypto Exchanges

Yesterday afternoon several major banks in Bulgaria terminated accounts held by the country’s cryptocurrency exchanges. The banks are also blocking transfers to and from international Bitcoin exchanges. The country’s affected exchanges have temporarily suspended their services.Crypto exchanges that offer crypto to fiat transactions very much rely on traditional fiat banking. But the anonymous

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Bulgarian Banks Block Accounts of Crypto Exchanges

Yesterday afternoon several major banks in Bulgaria terminated accounts held by the country’s cryptocurrency exchanges. The banks are also blocking transfers to and from international Bitcoin exchanges. The country’s affected exchanges have temporarily suspended their services.Crypto exchanges that offer crypto to fiat transactions very much rely on traditional fiat banking. But the anonymous

The Obvious Bitcoin Christmas Gift Guide 2017

Featured It’s that time of year again when thoughts turn to all the cool swag you’ll receive on Christmas Day, and hand out of course, cos’ let’s not forget that Xmas is also about giving. Whether you’re an experienced bitcoiner seeking gift ideas for one of your own, or a complete novice cursed with a crypto crazy nephew, the following gui

For God’s Sake No More Bitcoin Forks

As if Bitcoin miners didn’t have enough forks on their plate another one is coming up on Christmas day of all things. In addition to an already heavily forked cryptocurrency that consists of Bitcoin Classic, the now-defunct Bitcoin XT, Bitcoin Cash, and Bitcoin Gold, they will soon be joined by Bitcoin God.Yes, you heard it right; Bitcoin God is due to be forked off on Christmas day by Chinese b

Deep Web Roundup: Aero Sinks and the Ghost of Trade Route Rises

News Welcome to the second edition of Deep Web Roundup in which we collate the most intriguing stories from the darker side of the net. Despite not attracting as many headlines as it did in its 2013 heyday, the deep web is still a hub of paranoia, P2P trading, and pioneering privacy features. Anyone interested in preserving their anonymity on the net

World’s Largest Bitcoin Exchange, Bitfinex, Threatens Critics With Legal Action

Bitfinex, the world’s largest Bitcoin exchange by daily trading volume, has vowed to pursue legal action against critics including the anonymous blogger “Bitfinex’ed.”Stuard Hoegner, Bitfinex’s in-house counsel, stated:"To date, every claim made by these bad actors has been patently false and made simply to agitate the cryptocurrency ecosystem. As a result, Bitfinex has decided to assert

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