![]() Francesco Firano, the BitGrail owner, believes that theĮvent happened because of an error in the blockchain tech of the digital currency itself. Other currencies on BitGrail were not affected at all. Stolen tokens delineated a large ratio of the entire quantity that were traded within the Nano market. Very many ‘unconfirmed transactions’ made a total loss of over $170 million. Some users say that Paxful is having undercover hackers whoĮarly last year, the Italy-based crypto exchange, alerted the community of the malicious theft of 17 million Ripple tokens. Reports that the Paxful crypto exchange was scamming them. The exchange shows total degradation, and the quotation lists of Cobinhood are also so indicative.Ĭustomers in the crypto sector were angry about Pump & dump scheme: initially, the quotes of tokens were artificially shaken over 40 times, and thereafter, the price dropped over 100 times, and currently, their cost is not more than 20% of the initial price. The investors that risked it became victims of a classic In 2017, the firm accumulated over $15 million during an Initial Coin Offering, encouraging and promising potential investors a commission-free frontier and frequently used tokens in its work. The Taiwan-based crypto exchange Cobinhood was among the most striking failures last year. Coinidol has collected eight cases of fails among world crypto exchanges in 2018. As fabled investor Warren Buffett loves to say “only when the tide goes out do you discover who's been swimming naked.” Every time any exchange is attacked the market is going down together with all crypto assets. In 2015, for example, credit cards, debit cards, and e-money were used for less than 20 percent of all total transactions in the country, and the amount of physical currency that’s actively in circulation compared to the country’s total economy was about 20 percent in 2016, the highest of any other major nation.īut budding fans of the Virtual Currency Girls will have to put their cash away if they’re interested in buying any of their themed merchandise: the idol group’s items can only be purchased using digital coins.2018 has been a long and challenging journey for most cryptocurrency exchanges and the industry at large. On the other hand, cold, hard cash still reigns supreme in Japan. On one hand, the country has strong ties to cryptocurrency – according to TBS News, yen-based transactions make up some 30 percent of the world’s trade in bitcoin – and various types of coins are becoming all the more popular for young Japanese investors. Interestingly enough, Japan seems to have something of a split personality when it comes to the world of Bitcoin and its ilk. You can catch a clip of Bitcoin Cash and the gang in action below:ĭespite their ups and downs, cryptocurrencies aren’t going away any time soon we’ll have to see if this group will be able to generate some hits from the digital currency boom. (Despite the worries that the crime did inspire, the band maintains that they’re staying true to the idea of receiving part of their salary in cryptocurrency.) We’ll have to see if their next release touches on the recent headline-grabbing news that some ¥58 billion, or $534 million, worth of the XEM cryptocurrency was stolen from the digital coffers of Japanese coin exchange company Coincheck. They also warn listeners about the dangers posed by fraudulent cryptocurrency sellers and the necessity to sock away some of the profits you might make in preparation for the inevitable visit from the tax office. In their first single, “The Moon and Virtual Currencies and Me,” they sing about the opportunities to earn – and lose – a lot of money investing in cryptocurrencies. The young ladies of the group, who range in age from 15 to 22, wear lucha libre-style masks emblazoned with the logos of their respective “coins.” The members, and their respective currencies, are: That’s the idea behind Cinderella Academy’s Virtual Currency Girls (Kasoutsuka Shojo), a girl band who made their debut performance on January 12. Is there any way to simplify it all? Well, ONE way would be to make an idol group in which each member portrayed a cryptocurrency. ![]() ![]() And to compound the difficulty of it all, it seems like there are an endless variety of the coins, from Bitcoin, the cryptocurrency that got things started, to relatively more recent offerings, such as Cardano and Mona. People are making a lot of money on them, losing a lot of money on them – and sometimes just losing them. The world of cryptocurrencies can be a bit mind-boggling at times.
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