See Also
Are cloud mining contracts considered securities? Do they satisfy the Howey Test?
The iconic 1946 SCOTUS case of SEC vs Howey established a few simple criteria for what, exactly, constitutes a security. Quoting Findlaw verbatim: Per the Howey Test, an asset is a security if: It is an investment of money There is an expectation of profits from the investment The investment of money is in a […]
ELI5 What is cryptocurrency mining?
Mining is the process by which cryptocurrency transactions get verified. The process got its name from the fact that once a block is verified, whoever solved it will earns some coins as a reward, a little like gold mining – there’s a reward for the work. Early Bitcoin Mining When Bitcoin was launched, the idea […]
Who is Genesis Mining?
Genesis Mining is a cryptocurrency mining company founded in 2013. The company runs the Enigma mining farm in Iceland (since 2014) and the Thor mining farm in Sweden (since 2018). The business model is to sell hash rate by the TeraHash unit. Since March 2020, Genesis is no longer onboarding new customers. Only existing customers […]
DON’T use Paypal for cryptocurrency purchases [Early 2020 article]
November 2020 Update In late October 2020, Paypal updated their policy to allow cryptocurrency purchases. The payments processor also updated their Terms and Conditions to explicitly accommodate cryptocurrency trading. As such, most of our original advice no longer applies. We’ve decided to leave the original text untouched for historical purposes, since, for the past 11+ […]