CYBER security leader NortonLifeLock has been letting users mine cryptocurrency for months as Bitcoin’s value climbs back after China’s ban was announced.
In June, a Norton Crypto feature was created to allow consumers “to easily and securely mine cryptocurrencies through its trusted Norton ™ 360 platform.”
“Norton Crypto offers consumers a safe and reliable way to mine Ethereum without opening themselves and their devices to these traps,” Norton said in a press release.
“Once the cryptocurrency is earned, customers can track and transfer the winnings to their Norton Crypto Wallet, which is stored in the cloud so that it cannot be lost due to hard drive failure.”
Bitcoin and other cryptocurrencies are now on the rise despite the fall after China’s central bank announced that all cryptocurrency trading is illegal in the country and that token mining is banned.
Bitcoin fell 5.5% and Ethereum plunged about 6% on Friday, according to Coinmarketcap.
But on Monday, the price of bitcoin rose nearly five percent from Sunday and Ethereum rose to 12 percent, Forbes reported.
Read our live cryptocurrency blog for the latest news and updates …
CHINA’S CRYPTO REPRESSION IS “A GREAT OPPORTUNITY” FOR US
from China the crackdown on cryptocurrency transactions “is a great opportunity for the United States,” according to Pat Toomey, the top Republican on the Senate Banking Committee.
It comes as the United States Securities and Exchange Commission has pushed for more cryptocurrency regulations.
EXPERTS ON PAID AND BINANCE ALCHEMY
Shaun Heng, Vice President of Growth and Operations at CoinMarketCap told The Sun that it was difficult to assess the risk of many crypto projects like Alchemy Pay.
And while he’s not a fan of Alchemy Pay’s crypto cards, he has bragged about one of his partners, Binance, which is the world’s largest crypto exchange by transaction volume.
“The partnership with Binance is most definitely a good sign of validating the project,” Heng said.
LITECOIN VS. BITCOINS
Litecoin, which was created in 2011 by Google engineer Charlie Lee, works the same way as Bitcoin.
Mr. Lee sometimes refers to Litecoin as “Bitcoin silver to gold”.
Both cryptocurrencies act similarly in the way their overall payment transactions are set up. Both are not controlled by financial institutions.
Like most cryptocurrencies, Litecoin uses blockchain technology to process and record transactions.
Although Litecoin is smaller, it is a faster and cheaper alternative to Bitcoin.
WHERE DOES COINBASE REVENUES COME FROM?
The majority of Coinbase’s revenue comes from Bitcoin and Ether on the Ethereum blockchain.
They are currently the number one and number two cryptocurrency in the market, according to MarketWatch.
CAN YOU EXCHANGE CRYPTO ON ROBINHOOD?
Unlike most of its rivals, Robinhood offers 24/7 crypto trading via its platform.
Its crypto investors can buy or sell with a market order, meaning it is executed at the current market price.
ETHEREUM WILL TAKE BACK BITCOIN, PART TWO
Susannah Streeter, Senior Investment and Markets Analyst at Hargreaves Lansdown, added to The Sun: “Bitcoin can boast of the strongest brand in the crypto world, but it doesn’t offer the same opportunities as a ramp launch pad for decentralized applications.
WILL ETHEREUM EXCEED BITCOIN?
It’s hard to say for sure, but it’s possible that Ethereum will someday overtake Bitcoin as the dominant crypto, according to Goldman Sachs.
Last month, the bank said Ether “looks like the cryptocurrency with the highest actual use potential because Ethereum, the platform on which it is the native digital currency, is the most popular development platform for smart contract applications “. Business intern reported.
HACKERS STEAL 600 MILLION DOLLARS
Hackers recently stole $ 600 million in a shocking cryptocurrency heist after spotting a “vulnerability” at a blockchain site.
In one of the biggest thefts in the world, cybercriminals exploited a weakness in Poly Network, a platform that tries to connect different blockchains so that they can work together.
The site said hackers took thousands of digital tokens such as Ether.
EXPERT SAYS CRYPTO SANCTION SENDING “CLEAR SIGNAL”
“Fraudulent cryptocurrency exchanges have long been key catalysts for ransomware gangs,” said Tom Robinson, chief scientist and co-founder of blockchain analytics firm Elliptic in a statement provided to Reuters.
“This action by the US government sends a clear signal that it will not tolerate this activity, wherever it is based.”
BIDEN ADMINISTRATION SANCTIONS CRYPTO EXCHANGE, CONTINUED
The administration’s Treasury Department accused Suex OTC, SRO of “facilitating transactions involving illicit products for at least eight variants of ransomware,” according to Reuters.
“Exchanges like Suex are critical to the ability of attackers to profit from ransomware attackers,” Deputy Treasury Secretary Wally Adeyemo said on a call with reporters Monday night.
This move “is a signal of our intention to expose and disrupt the illicit infrastructure using these attacks.”
BIDEN ADMINISTRATION SANCTIONS CRYPTO EXCHANGE
According to officials and Reuters.
It would be “part of a broader crackdown on the growing threat.”
WHAT ARE THE MOST VALID PARTS?
When it comes to crypto, the most valuable coins are Bitcoin and Ethereum.
However, there are many alternatives or altcoins that are aimed at capitalizing on the value of crypto.
CRYPTOCURRENCY: VOLATILE PRICES AND DEMAND
Myron Jobson, personal finance activist at Interactive Investor, recently told The Sun: “It is difficult to predict the price of an item that has an intrinsic value of zero.
“All it takes is a tweet from leading individuals who have a significant influence on sentiment for cryptos to increase demand.”
“But increased regulatory control over cryptos threatens to hamper the growth potential of the Shiba Inu.”
SOME PEOPLE DON’T BELIEVE SNOOP DOGG IS BEHIND CRYPTO TWITTER
But not everyone believed it was actually Snoop behind the account.
“It’s not the Snoop guys come on,” someone replied to CozomoMedici’s tweets.
“I find it hard to accept that this account is Snoop Dogg”, someone else responded.
“Like seriously, Snoop Dogg cut his livestream for a week (?)
IS SNOOP DOGG BEHIND THE TWITTER CRYPTO ACCOUNT?
The rapper claimed he was behind the Cozomo Medici Twitter account, which shares information about the world of NFT, last Monday.
The other account claimed the same day that it was going to “dox from my personal account” and reveal the identity of the user.
SNOOP DOGG ANNOUNCES IT’S BEHIND CRYPTO TWITTER
Rapper Snoop Dogg has claimed he was behind the Cozomo Medici Twitter account.
He shares an insight into the world of NFTs.
WHO FOUNDED ALCHEMY PAY?
The cryptocurrency was co-founded by payments industry veterans Molly Zheng, Shawn Shi and John Tan.
Alchemy Pay trading started in September 2020.
According to Alchemy Pay, it is the “first” crypto and fiat hybrid payment gateway in the world.
With Alchemy Pay, users are allowed to receive payments in the local currency of their choice, regardless of how they are sent.
RISKS OF INVESTING IN CRYPTOS, PART V
Finally, the truth in Promotional material is a risk in investing in cryptos.
Businesses may overestimate product returns or underestimate the risks involved.
RISKS OF INVESTING IN CRYPTOS, PART FOUR
Another investment risk are charges and fees.
Consumers should take into account the impact of fees and charges on their investment, which may be higher than those of regulated investment products.
RISKS OF INVESTING IN CRYPTOS, PART THREE
A third risk of investing in cryptocurrencies is product complexity.
The complexity of some crypto-asset related products and services can prevent consumers from understanding the risks.
There is no guarantee that cryptoassets can be converted back to cash. The conversion of a crypto-asset into cash depends on the existing demand and supply in the market.
RISKS OF INVESTING IN CRYPTOS, PART II
Another investment risk is price volatility.
The high volatility of crypto-asset prices, combined with the difficulties inherent in a reliable valuation of crypto-assets, puts consumers at high risk of loss.
RISKS OF INVESTING IN CRYPTOs
We have rounded up five risks of investing in cryptocurrencies.
The first is Consumer protection.
Certain investments showing high returns based on crypto assets may not be subject to regulation beyond anti-money laundering requirements.
WILL THE CHAIN LINK INCREASE TO $ 35?
Crypto investor Justin Bennett sees Chainlink hitting $ 35.
He said The Daily Hodl: “The $ 27.50 area may attract some sellers as this is the 50% retracement of the correction.”
“That said, a daily close above $ 25 should tip the area into support.
“If Chainlink can get past the $ 27.50 zone, there isn’t much to stop a $ 35 run.”
ETHEREUM DISCOUNT UP TO $ 3,000 ON SUNDAY
Ethereum’s token, Ether, rebounded on Sunday after dropping dramatically earlier in the week.
The ETH / USD exchange rate rose 3.63% to an intraday high of $ 3,030, Coin operated telegraph reports.
Ether had a bumpy ride over the week, mostly due to issues in China.
The People’s Bank of China reiterated that crypto transactions are illegal on Friday, causing a ripple effect in cryptocurrency markets.
WHAT IS HASHGRAPH?
Hashgraph is similar to a blockchain and was created in 2017 by American computer scientist Leemon Baird.
The Hedera Hashgraph system is a distributed ledger built on top of Hashgraph. It was created by Baird with Mance Harmon.
HBAR is the cryptocurrency of Hashgraph Hedera.