• Crypto hackers often walk around wearing hoodies and holding useless tokens of fake bitcoin around just in case they get photographed (via Pixabay).
    Cryptocurrencies,  Technology

    MIT’s Stuart Madnick says blockchain’s biggest strengths can also be weaknesses

    Poloniex exchange lenders lost $14.4 million to flash crash decentralization made possible

    An MIT professor’s June 6 warning about some of blockchain’s vulnerabilities came too late for margin lenders on U.S. cryptocurrency exchange Poloniex, who lost nearly $14.4 million in bitcoin to a flash crash early last week.

  • Burning money is a recurring theme in cryptocurrency (via Pixabay).
    Bitcoin

    Coinbase, Gemini, Bitstamp, and Changelly: Here’s how their fees compare

    If you invested $100 in bitcoin 2010, it would be $75 million today. But after fees…

    Everybody in crypto swears they were going to buy some bitcoin (BTC) on some exact date they read about and that we could be having this conversation on their yacht. Tai Lopez likes to remind listeners to his Bitcoin Crypto Mastermind podcast,“Remember, if you had invested $100 in bitcoin in 2010, you would have $75 million today.” But he doesn’t ever really pick a day. Most agree that if you put in $100 on July 28, 2010 you would have $28,341,266 on December 12, 2017. We’ll give Tai the $75 million just for the sake of argument. Some early exchanges such as iGot (now Bitlio) had 0% buying fees on…