CryptoCurrency Updates: January 9, 2022

CryptoCurrency Updates: January 9, 2022

What is cryptocurrency and how it works?
A cryptocurrency (or “crypto”) is a form of payment that can circulate without the need for a central monetary authority such as a government or bank. Instead, cryptocurrencies are created using cryptographic techniques that enable people to buy, sell or trade them securely.
Read today’s featured article courtesy of NERD Wallet.
What Is Cryptocurrency? Here’s What You Should Know

Here’s a look at some of my favorite Crypto reads this week:

5 NFT-based blockchain games that could soar in 2022

NFTs look ready to rule 2022, and the recent pivot toward NFT utility in P2E gaming could make blockchain gaming this year’s sector darling.

This Tesla owner says he mines up to $800 a month in cryptocurrency with his car

Siraj Raval has tried just about every way there is to mine for cryptocurrencies from his 2018 Tesla Model 3.

He’s run free bitcoin mining software on his Apple Mac mini M1 and powered the computer by plugging an inverter into the 12-volt power socket located in the center console of his car.

NFTs In A Nutshell: A Weekly Review

‘High highs, and low lows’ has seemingly been the theme of the week in crypto, and NFTs were no exception. As we kick off the first full week of 2022, there was plenty of action in the NFT landscape to review.

We’re ringing in 2022 in a similar style as 2021 – a hefty dose of NFT news from throughout the week. Let’s put it all in a digestible format with this week’s Nutshell.

Central Bank of Bahrain Tests JPM Coin

The Bank aims to provide efficient settlement solutions. The adoption of blockchain technology has increased in Bahrain over the last 12 months.

Illegal Crypto Transactions Hit Record High in 2021

Illicit addresses received nearly $14 billion last year. Crypto-based unlawful transfers represented 0.15% of overall volume.

Messaging App Giant WeChat to Support Digital Yuan Payments (Report)

China’s central bank digital currency comes to the country’s largest messaging app WeChat Pay.

China’s leading messaging application – WeChat Pay – will reportedly begin supporting the e-CNY. The app has more than one billion users, meaning the initiative could significantly boost the distribution of the digital yuan.

As Bitcoin About To Loose $40K, This is the Most Critical Level for the Bulls (BTC Price Analysis)

Amidst another red weekend, Bitcoin is facing its most critical support area in the mid-term. So far, despite 2022’s first day, the new year has recorded seven consecutive daily red candles (keeping in mind there are a few more hours until today’s candle close).

Leading VC Andreessen Horowitz Raises Another $9 Billion

Leading VC firm Andreessen Horowitz raised another $9 billion to further its involvement in both crypto and tech.

Andreessen Horowitz – a leading venture capital firm and a prominent investor in the cryptocurrency space – has raised a fresh $9 billion to further its involvement in the growing industry.

Plus: NFT thefts, a ransomware wave in schools, and more of the week’s top security news.
Key drivers behind Chainlink’s exponential growth

The Chainlink ecosystem continues growing at a rapid pace, as the protocol expands support for additional blockchain environments.

Melania Trump Congratulates Bitcoin On 13th Anniversary Of Bitcoin Genesis Block

Cryptocurrency and Bitcoin investors spread to almost every sector and among different personalities. With the increase in the adoption of digital assets, most people are joining the investment train to reap enormous potential growth. Celebrities and government officials from both past and present governments globally are not left behind.

The former US first lady, Melania Trump, just gave her congratulatory message to Bitcoin on its 13th birthday. A little after launching her personal ‘nonfungible token (NFT)’ in December 2021.

Crypto Scams Resources: December 1, 2021

Crypto Scams Resources: December 1, 2021

Looking for the latest and hottest crypto news and updates? Check out today’s selection of News, Education, Resources and more!


Let’s Talk about Crypto Scams:

  • Cryptocurrency Fraud – “Cryptocurrencies such as Bitcoin, Ethereum, Dogecoin and hundreds more are a hot commodity in online trading, and it’s possible for a smart investor to make a big profit. But the prospect of quick riches can blind some people to the risks and enable crooks to lure them into scams.What is cryptocurrency? According to the U.S. Commodity Futures Trading Commission (CFTC), it’s a digital representation of value that isn’t backed by any government or central bank. Even so, this virtual money can be used to make purchases, and it can be exchanged for U.S. dollars or other conventional currencies. But unlike government-backed money, the value of virtual currencies is driven entirely by supply and demand. That can create wild swings that produce big gains for investors, or big losses. And cryptocurrency investments are subject to far less regulatory protection than traditional financial products like stocks, bonds and mutual funds.”
  • Hamilton teen accused of stealing $46M worth of cryptocurrency, buying ‘rare’ online gaming name – “An Ontario teenager has been arrested after allegedly stealing $46 million from one person in a massive cryptocurrency scam in the United States. Hamilton police announced the arrest on Wednesday after a joint investigation with the Federal Bureau of Investigations (FBI) and the United States Secret Service Electronic Crimes Task Force that began in March 2020.”

  • Cryptocurrency Fraud Soars, Spurring State Action – “Has “Elon Musk” asked you to send him bitcoins, offering to double your money? Did you get an official-looking solicitation from the Texas firm “Peters Wealth Management” to buy cryptocurrency? How about someone on a dating app touting a “great new investment?” All of these are scams involving the latest buzz-worthy investment—cryptocurrency. While legitimate currencies such as Bitcoin can offer good, if often volatile, returns, scam artists are proficient at separating unwise investors from their money.”

  • Crypto Scams Are on the Rise — Here’s How Investors Can Protect Their Coins – “Cryptocurrency has captured America’s attention this year — and “Olympic-level scammers” have taken notice too. With the rise in popularity of crypto and blockchain technology, there will be an influx of unprecedented cryptocurrency scams, according to William E. Quigley, a prominent investor and co-founder of the WAX blockchain. The high-tech nature of crypto will attract sophisticated scammers capable of pulling off “Olympic-level” hacks and schemes, Quigley said during a panel discussion hosted by blockchain firm Light Node Media last month. Consider a recent “Squid Game” scam in which investors allege a new SQUID cryptocurrency token and related immersive online game were actually just an elaborate scam. Investors claim the developers disappeared after the currency skyrocketed in price and seemingly cashed out with more than $3 million.

  • Two Ontario women speak out after losing more than $100,000 in cryptocurrency scams – “TORONTO — Two Ontario women are speaking out and warning others about cryptocurrency scams after they lost more than $100,000. “I feel devastated. I really don’t know what to do right now,” said Lee”of Toronto, who asked CTV News Toronto not to use her real name. Lee said she was on Facebook when someone reached out to her and said they could teach her how to make easy money investing in cryptocurrencies.”

  • ‘They’re bloodsuckers’: Montreal man says he lost nearly $400,000 in cryptocurrency scam – “MONTREAL — After losing nearly $400,000 in what he believes was a romance cryptocurrency scam, David still has dreams about the people who did this to him getting arrested and facing justice. But he knows it’ll likely never happen in real life. The Montreal resident has been seeing a psychologist ever since he realized that the woman he met on Facebook Dating in February wasn’t who she said she was and coaxed him into slowly emptying out his life savings. “They’re bloodsuckers, they’re real criminals of the highest degrees,” said David.”

  • Cryptocurrency scams are all over social media. Don’t get duped – “That tweet, live event or ad you see on social media could be fake.”

  • Cryptocurrency Scams Are Everywhere: Here’s How To Spot & Avoid Them In 2021 – “How to protect your money”
  • The FBI has put out a PSA about an interesting crypto scam – “It’s a tech twist on wire transfer fraud”

  • Cryptocurrency Fraud – “Cryptocurrencies, often referred to as virtual currencies or tokens, are quite different from typical currencies such as dollars or euros. Instead of being issued and backed by a government or central bank, cryptocurrencies are digital assets secured by cryptography that can be used as a medium of exchange. Their  validity is typically provided by a blockchain system with an open, distributed ledger recording transactions. While different forms of cryptocurrencies have been around for years, they became a cultural phenomenon in 2017 when the price of Bitcoin, one of the more established cryptocurrencies, skyrocketed to nearly $20,000, representing an annual gain of over 2000%. While 2018 saw the “Great Crypto Crash,” cryptocurrency remains very popular, with Bitcoin accompanied by other significant cryptocurrencies such as Etherium, Ripple’s XRP, Binance, Tether, and countless others. In addition, cryptocurrency exchanges have also expanded, providing platforms that allow customers to trade cryptocurrencies for other assets, including conventional currency and other digital currencies.”
  • How to Identify Bitcoin & Cryptocurrency Scams – “The world of cryptocurrency is in many ways still the wild west, it’s a world filled with misinformation with the intention of funneling funds from unsuspecting investors. Our team receives 1 to 5 emails per day asking about various companies or people that they believe are intending to or have successfully fleeced them. All of the examples below are from people who have contacted us. Most of these scams are fairly easy to identify with a little bit of research and due diligence. Below are some ways to easily identify these scams…”

  • How to spot and avoid crypto scams – “With a high demand for cryptocurrencies and an evolving space, there has been an increase in related scams. It is important, therefore, for investors to save themselves from fraudulent crypto exchanges and tokens. Every investor or non-investor is a target for fraudsters who are looking to make some easy profits by exploiting individuals who would do anything to get rich instantly.”

If you have other go-to articles, tips and or tricks for our readers, please leave them below!

CryptoCurrency Updates: November 24, 2021

CryptoCurrency Updates: November 24, 2021

Looking for the latest and hottest crypto news and updates? Check out today’s selection of News, Education, Resources and more!


Digital Assets: The Future Of Capital MarketsFor many years, certain parts of financial markets have been burdened by unnecessary restrictions leading to inefficiencies regarding the free allocation of capital. The upcoming broad applications of digital assets promise to change this. This article serves as an introduction to the topic of digital assets and describes some of the associated opportunities and challenges for retail investors, institutional investors, and financial service providers.”

What are digital assets and how are they held? “Demystifying the benefits and risks, and how blockchain is built and functions”

Digital assets: Everything you need to know “Today, even most small businesses have a website — about 64 percent, as of 2019. That number is sure to rise, since between 70-80 percent of consumers research companies online before making a purchase. The business world is well into the digital age. Most modern businesses are essentially media businesses, actively creating content for their websites, their social media accounts, and their marketing campaigns. All that digital content, plus some other documents and files behind the scenes, defines a broad category of files called “digital assets.”

Digital Asset Price Movements are Becoming More EfficientBitcoin’s reaction to Inflation Data – In an otherwise quiet week for digital assets, US economic data took center stage.  The year-over-year rise in the US Consumer Price Index (CPI) jumped to 6.2% in October, its highest level in over 30 years, and the fifth month in a row where the inflation rate topped 5.0%. The market responded immediately, and rationally.  Government bond yields rose 11 bps, reversing the previous week’s decline in yields, though real yields are at a 70-year low of around -4.6% (so much for the risk-free rate — the volatility in government bond prices in recent months has picked up to post-pandemic highs).  Even gold briefly woke up, rising 2.6% (though it remains negative YTD).”

What are Digital Assets? “The term “digital asset” has become more common in marketing and creative communication – and with good reason. According to Venngage, 74% of marketers now use visuals in over 70% of their content. But, despite the increased use of digital assets, there’s still a disconnect between what’s considered a digital asset. Is it just any digital file? If not, what are the other criteria? In this post, we’ll explore the key elements of digital assets, how to evaluate the value of your digital assets and why digital assets are important to your business.”

What are Digital Assets? “The definition of a digital asset is “anything that exists in binary data which is self-contained, uniquely identifiable, and has a value or ability to use.” When the term originated in the mid-90s, digital assets were items such as videos, images, audio, and documentation. Since then, technological advances have given the term new life.”

CryptoCurrency Updates: November 21, 2021

CryptoCurrency Updates: November 21, 2021

Looking for the latest and hottest crypto news and updates? Check out today’s selection of News, Education, Resources and more!


Decoding Crypto: What Was the First Cryptocurrency and Who Created It?   “Bitcoin (BTC) is the largest and most well-known cryptocurrency, but it wasn’t the first attempt at a digital, decentralized currency. Earlier versions of cryptocurrency existed well over a decade before Bitcoin’s first lines of code were written in 2009.”

Two Tips To Keep Your Online Activity- And Your Bitcoin- Safer   “Staying safe online is becoming tougher and tougher. We are now in a period where cyber-attacks are becoming a part of daily life and which not only affect individuals but whole countries. Recently it was suggested that North Korea has begun attacking other countries internet systems in order to disrupt and put pressure on their enemies. It was reported by bbc.co.uk that North Korea were behind and recent wannacry security hack that affected the NHS in the UK and put pressure on services in the United States.”

bitcoin best practices – bitcoin core + specter + coldcard guide  “The goal of this guide is to get you setup with using bitcoin in a reasonably easy, affordable, and secure way. After you get comfortable with this setup you can easily upgrade your security and privacy without changing the software you are using.”

The beginner’s guide to creating & selling digital art NFTs  Unlockable content, filterable properties, limited-edition listings, and more… As word spreads about the rise of Non-Fungible Tokens (NFTs), we’re fielding more and more questions from artists and creators looking to sell their work on the blockchain. For many, the first steps can be tricky to overcome. Crypto wallets? Ethereum? We’ve all been there. Here’s how to turn your art into NFTs and list them for sale on OpenSea.

Edition365: A portrait of the year that changed everything “Since the coronavirus pandemic swept the world in March 2020, humanity has shared – and documented – an extraordinary experience. History has unfurled in front of our eyes; cracks in our systems have been magnified, and across oceans and borders, ways of thinking, acting, and existing remain in flux. Intended to stand as a historical reference for decades to come, Edition365 is the newest open call from 1854 and British Journal of Photography, set to produce a global and multi-faceted portrait of the year that changed everything. Edition365 will culminate in a major virtual exhibition in collaboration with growing nexus of the digital art space, New Art City, alongside a collectible photobook and an NFT auction.

Where do you go to get your favorite Crypto News? Leave a comment below!

What is a crypto wallet?

What is a crypto wallet?

Definition: “Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin and Ethereum.”

Crypto wallets keep your private keys – the passwords that give you access to your cryptocurrencies – safe and accessible, allowing you to send and receive cryptocurrencies like Bitcoin and Ethereum. They come in many forms, from hardware wallets like Ledger (which looks like a USB stick) to mobile apps like Coinbase, which makes using crypto as easy as shopping with a credit card online.

Why are crypto wallets important?

Unlike a normal wallet, which can hold actual cash, crypto wallets technically don’t store your crypto. Your holdings live on the blockchain, but can only be accessed using a private key. Your keys prove your ownership of your digital money and allow you to make transactions. If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware wallet safe, or use a trusted wallet provider like Coinbase.

How do you use a crypto wallet?

Crypto wallets range from simple-to-use apps to more complex security solutions. The main types of wallets you can choose from include:

  • Paper wallets: Keys are written on a physical medium like paper and stored in a safe place. This of course makes using your crypto harder, because as digital money it can only be used on the internet.

  • Hardware wallets: Keys are stored in a thumb-drive device that is kept in a safe place and only connected to a computer when you want to use your crypto. The idea is to try to balance security and convenience.

  • Online wallets: Keys are stored in an app or other software – look for one that is protected by two-step encryption. This makes sending, receiving, and using your crypto as easy as using any online bank account, payment system, or brokerage.

Each type has its tradeoffs. Paper and hardware wallets are harder for malicious users to access because they are stored offline, but they are limited in function and risk being lost or destroyed. Online wallets offered by a major exchange like Coinbase are the simplest way to get started in crypto and offer a balance of security and easy access. (Because your private info is online, your protection against hackers is only as good as your wallet provider’s security – so make sure you look for features like two-factor verification.)

Using an app like Coinbase Wallet or Exodus gives you easy access to your crypto holdings. You can:

  • Manage all your digital assets in one secure place

  • Control your own private keys

  • Send and receive cryptocurrency to and from anywhere in the world

  • Interact with usernames rather than long, hexadecimal “public key” addresses

  • Browse dapps (decentralized finance apps)

  • Shop at stores that accept cryptocurrency