marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
computing
05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
05/05/2022
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By Ramon Tomey
“Buy now, pay later” schemes touted by influencers burying Gen Z deeper in debt
Social media influencers on TikTok have been touting “buy now, pay later” (BNPL) schemes for the supposed convenience when it comes to purchasing products and services. However, these installment schemes only serve to bury Generation Z deeper in debt. BNPL apps such as Klarna, Sezzle, Zip, Afterpay and Affirm present themselves as easier and more […]
03/04/2022
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By Ramon Tomey
Off the radar: Indicted BitConnect founder Satish Kumbhani disappears
The founder of a cryptocurrency company linked to a billion-dollar Ponzi scheme is nowhere to be found. Satish Kumbhani reportedly disappeared following his indictment over an alleged $2.4 billion Ponzi scheme. The Securities and Exchange Commission (SEC) acknowledged the BitConnect founder’s disappearance in a Feb. 28 filing. Senior trial counsel Richard G. Primoff wrote in the filing […]
11/02/2021
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By Ramon Tomey
Supply chain woes hound tech firms as holiday season approaches
The ongoing supply chain issues have hit many companies, including technology firms. Some companies have decided to hit the brakes on advertising given low product stocks. These ad reductions come amid the holiday season, a period traditionally considered profitable for companies. In his Oct. 21 column “Fully Charged” for Bloomberg, tech reporter Mark Bergen wrote: “Tech […]
12/07/2019
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By News Editors
Beware of those selling “technology”
“3. And they said to one another, ‘Come, let us make bricks, and burn them thoroughly.’ And they had brick for stone, and bitumen for mortar. 4. Then they said, ‘Come, let us build ourselves a city, and a tower with its top in the heavens, and let us make a name for ourselves; otherwise […]
07/14/2018
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By Russel Davis
Have YOU been “cryptojacked?” Bitcoin miners are hacking computers; experts explain how to find out if you’ve been hit
Computer users may want to double check if something – or someone – is latching onto their devices, as experts recently raised the alarm on cryptojacking. Tech experts defined cryptojacking as an online activity that aims to exploit an untapped resource to develop an alternative revenue stream for games or media sites and simultaneously reduce the need to […]
01/16/2018
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By Ethan Huff
The Health Ranger was right: Bitcoin’s usefulness as a payment system COLLAPSES
High fees, slow transaction times, and unpredictable volatility are among the main reasons why some companies are reportedly deciding to abandon ship when it comes to using Bitcoin. As Mike Adams, the Health Ranger, has been predicting, Bitcoin’s future as an everyday method of payment is on the ropes as trends could be moving towards […]
01/15/2018
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By Ethan Huff
Cryptocurrency is now breaking the power grid of a U.S. county as electrical consumption for Bitcoin mining reaches “insane” territory
The amount of electricity required to mine and transact Bitcoin is now so high that a small county in Washington state is having to kick production into overdrive. According to reports, Douglas County, located in almost the dead-center of the state, has some of the cheapest electricity rates in the country, and this has created heavy […]
12/04/2017
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By Ethan Huff
Bitcoin now consuming more electricity than 12 U.S. states as inefficient “mining” heads for collapse
You might not be able to see or touch it because it isn’t actually made up of real physical matter, but the digital cryptocurrency Bitcoin is still having an enormously tangible impact on the world – and no, we’re not talking about the way that it’s changing the financial landscape, in this case. According to […]
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