EthereumMax latest price LIVE - Logan Paul and Floyd Mayweather anti-Bitcoin boxing match sees cryptocurrency rise 1900%

NORTON 360 TO OFFER CUSTOMERS ETHEREUM MINING ACCESS IN COMING WEEKS

Norton 360 customers will have access to an Ethereum mining feature in the “coming weeks”, the company said.

Cryptocurrency “mining” works by using a computer’s hardware to do complex calculations in exchange for a reward.

It is not clear what the business model for Norton Crypto is, or if Norton will take a cut of earnings.

The company pitched the idea as a safe and easy way to get into mining, an “important part of our customers’ lives”.

In a press release, Norton LifeLock – once called Symantec – said: “For years, many coin miners have had to take risks in their quest for cryptocurrency, disabling their security in order to run coin mining.”

WHY IS THE PRICE OF ETHEREUMMAX GOING UP?

The value of EthereumMax is currently sitting at $0.0000002907, up by 21% over the past 24 hours, according to CoinMarketCap.

A few weeks ago, EthereumMax claimed to be the only cryptocurrency that can be used to buy official tickets for the pay-per-view boxing fight between boxer Floyd Mayweather and YouTube star Logan Paul.

This is set to take place on Sunday, June 6 in Florida.

Myron Jobson, personal finance campaigner of Interactive Investor, told The Sun: “The creators of EthereumMax will hope that the tie up with the star-studded boxing event will help propel the profile of the coin, which is still incredibly new having only launched last month, to new heights.”

BANK OF ENGLAND PUBLISHES NEW PAPER ON CRYPTOCURRENCY -'STABLECOIN INDUSTRY MUST BE REGULATED'

The Bank of England said on Monday that payments with 'stablecoins' - a form of cryptocurrency usually pegged to a traditional currency - should be regulated in the same way as payments handled by banks if they start to become widely used.

The central bank also said it had made no decision yet about whether to issue its own central bank digital currency, or CBDC, a prospect dubbed 'Britcoin' by finance minister Rishi Sunak when he asked the BoE to look into this in April.

"The prospect of stablecoins as a means of payment and the emerging propositions of CBDC have generated a host of issues," BoE Governor Andrew Bailey said. "It is essential that we ask the difficult and pertinent questions when it comes to the future of these new forms of digital money."

Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies or to a commodity such as gold, to avoid the volatility that makes bitcoin and other digital tokens impractical for most commerce.

None have gained much traction in day-to-day commerce, but a proposal by Facebook in 2019 to create a digital currency for use on its platforms alarmed financial regulators.

EXPLAINED: CAN YOU NOW USE CRYPTO COIN IN EL SALVADOR?

EL SALVADOR may become the first country to make Bitcoin legal tender, President Nayid Bukele has announced.

It is not yet legal tender in the Central American nation.

About 70 per cent of the country’s population does not have a bank account and works in the informal economy.

GRAPH: WHAT IS THE CURRENT PRICE OF CRYPTO?

These figures are based over the last 24 hour period.

ELON MUSK TARGETED BY ANONYMOUS HACKING GROUP THAT THREATENS TO EXPOSE HIM WHILE BRANDING CEO A ‘NARCISSISTIC RICH DUDE’

ELON Musk appears to have been targeted by Anonymous as the hacking group released a menacing video threatening to expose the Tesla CEO

The group of hackers who use the V for Vendetta mask as their logo reportedly targeted Musk claiming that the power he has over the cryptocurrency markets has gone far enough, TMZ reported.

They warned the Tesla CEO saying “you may think you are the smartest person in the room, but now you have met your match. We are Anonymous! We are legion. Expect us.”

Anonymous was responsible for some of the world’s largest cyber attacks. The group is understood to have carried out some of the largest digital breaches that impacted PayPal and the Church of Scientology, among others.

“For the past several years you have enjoyed one of the most favorable reputations of anyone in the billionaire class because you have tapped into the desire that many of us have to live in a world with electric cars and space exploration,” the group said in the video.

“But recently your carefully created public image is being exposed and people are beginning to see you as nothing more than another narcissistic rich dude who is desperate for attention,” they added, according to the Daily Mail.

Read more here.