Note that the above is true for investors who buy and sell cryptocurrencies. If you are an employee and are paid in cryptocurrency or receive it as payment for your services, it is taxable as income. The amount is based on the market value of the cryptocurrency at the time it was paid....
"Celebrity" endorsements:Scammers pose online as billionaires or well-known names who promise to multiply your investment in a virtual currency but instead steal what you send. They may also use messaging apps or chat rooms to start rumours that a famous businessperson is backing a specific cry...
Cryptocurrency is a digital money without a physical counterpart, meaning you can’t hold it in your hand like you can with cash. However, much of our world rarely uses cash, so the lack of physical crypto is less of a disadvantage than it might seem. However, that doesn’t mean it is...
And even then, stablecoin owners should pay careful attention to exactly what is backing their coin. The stablecoin Tether hascome under firefor its disclosures on reserves. And those who think the cryptocurrency is fully reserved by actual dollars should be careful. ...
CBDCs aim to combine the benefits of cryptocurrencies (fast, secure transactions) with the stability and backing of traditional fiat currencies. The introduction of CBDCs could reshape the cryptocurrency landscape. Blockchain Technology: Beyond cryptocurrencies, blockchain technology has shown potential in ...
Any malware is a cybersecurity risk, whether its stealing sensitive information, credit card numbers, exposing keystrokes or mining cryptocurrency. Can Mobile Devices Get Malware? Mobile phones can be infected with malware that provides unauthorized access to the device's camera, microphone, GPS, apps...
Privacy is one of the most significant drivers behind cryptocurrency. CBDCs would require an appropriate amount of intrusion by authorities to monitor for financial crimes; monitoring is also important because it supports efforts to combat money laundering and the financing of terrorism. ...
Intentional cyber threat:An example is a cybercriminal installing the WannaCry ransomware attack, which targeted computers running the Microsoft Windows operating system byencryptingdata and demanding ransom payments in the Bitcoin cryptocurrency. Accidental cyber threats:Poorly configuredS3 bucket securityleadin...
How does cryptocurrency work? What is this “block chain” thing people keep talking about? Cryptocurrency is built using two key technologies: asymmetrical cryptography, and hash functions. Those terms might sound complex and scary, but anyone can grasp them. So before we explain cryptocurrency and...
Ransomwareis a type of malicious software (malware) designed to encrypt a victim's files or lock them out of their computer system until a ransom is paid to the attacker. The ransom is typically demanded in cryptocurrency, such as Bitcoin, which provides a level of anonymity to the cybercrim...