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Bitcoin cryptocurrency exceeded the $11,000 limit for the first time in more than 15 months; according to website security specialists, this is mainly due to Facebook announcement of its incursion into the field of virtual assets with the launch of Libra, its own cryptocurrency. On Monday, the cryptocurrency peaked at $11,307 USD limit per unit, […]
A year ago, during Deconomy 2018, a man who refers to himself as the inventor of bitcoin — Craig Wright — was openly accused of fraud and now that very comment led Wright to sue the person who accused him, and many more. It is suggested that Wright was questioned during the conference by Vitalik […]
Blockchain technology is an ever-growing digital list of data records. This list includes many data blocks that are organized chronologically and are linked and protected by cryptographic tests. The first prototype of the blockchain technology dates from the early 1990s when computer scientist Stuart Haber and physicist W. Scott Stornetta used cryptographic methods in a […]
The Proof of Stake consensus algorithm was introduced in 2011 on the Bitcointalk forum to solve the problems of the currently most used algorithm: Proof of Work. Although both have the same goal of reaching consensus in the blockchain, the process to achieve the goal is completely different. How does it work? The Proof Of […]
Before plunging into the 51% attack, it is very important to have a good knowledge of mining and blockchain based systems. One of the main strengths of Bitcoin and the underlying blockchain technology is the distributed nature of data collection and verification. The decentralized functioning of the nodes ensures compliance with the rules of the […]
Originally dated in 1993, the Proof of Work concept was designed to prevent denial of service attacks and other abuses of services such as network spam, requiring some work for the service user, which usually means time for computer processing. In 2009, Bitcoin presented an innovative way to use Proof of Work as a consistent […]
Cryptocurrency mining is a process in which transactions between users are checked and added to the open book of the blockchain. The extraction process is also responsible for introducing new coins into the existing negotiable offer and is one of the key elements that allow cryptocurrencies to function as a decentralized peer-to-peer network, without the […]
A new bill is being drafted by the government of India that could leave people who deal with cryptocurrency in jail for 10 years. The draft, titled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill 2019” was first reported by the Economic Times in April. Later, a Bloomberg Quint report (paywall) last week […]
Bitcoin is slowly picking up the pace and is recovering from a steep downfall that started at the beginning of 2018. One of the most popular cryptocurrencies, Bitcoin, is currently trading at $8,730, falling a few dollars below the day’s all-time high value of $8,785. According to Naeem Aslam, Chief Market Analyst at Think Markets […]
BestMixer.io was among the three largest cryptocurrency mixing services launched in May 2018. Europol in collaboration with the Dutch Fiscal Information and Investigative Service (FIOD), Luxembourg has shut down a well-known and one of the world’s leading cryptocurrency tumblers BestMixer.io. The bitcoin transaction mixer was shut down officially on May 22. The operation against cryptocurrency […]
The countdown on the website gotsatoshi.com, which promised to reveal the identity of the ‘father of Bitcoin’, ended hours ago and, to anyone’s surprise, no relevant information was revealed, said specialists in cybersecurity. The website not only deceived anyone who believed that the identity of the person (or group of people) behind the world’s first […]
Binance, cryptocurrency exchange platform, which manages the largest number of daily operations, has become victim of hacking, reported experts from the IICS cybersecurity course. The chairman of this platform, known as CZ Zhao, unveiled the incident through his Twitter account, adding that Binance is now under unscheduled maintenance. Subsequent investigations have confirmed that the severity […]
API keys and 2FA codes along with other sensitive data has also been stolen. Binance, one of the largest cryptocurrency exchanges in the world by volume, has become a victim of a massive data breach in which hackers stole roughly 7,000 bitcoin (worth over $40 million). According to Binance, the hackers not only stole API […]
Binance, one of the largest cryptocurrency exchanges in the world, confirmed today that the company lost nearly $41 million in Bitcoin in what appears to be its largest hack to date. In a statement, Binance’s CEO Changpeng Zhao said the company discovered a “large scale security breach” earlier on May 7, as a result of […]
Cyber forensics course specialists report that a group of hackers have infiltrated some email accounts from Outlook users to steal several virtual assets, including Bitcoin. The total stolen amount is still unknown, although it is speculated that it could be a considerable sum. One of the victims, a Dutch engineer, claims that a threat actor […]
The majority of the bots are located in Brazil and Peru but the number of victims is constantly increasing across diverse regions. Threat actors who previously targeted cryptocurrency wallets through Distributed Denial of Service (DDoS) attacks have now launched another malware loader to facilitate their botnet Trojan. This time, they have used the Smoke Loader […]
Wall Street market vendors on the dark web are urging others not to deposit their coins. As you may know, a majority of the dark web users are migrating to the Wall Street marketplace after the closure of the Dream market. Initially, this migration was successful but now a significant number of vendors are claiming […]
A campaign of complex denial-of-service (DoS) attacks was launched against the servers of Electrum, a popular Bitcoin wallet, reported ethical hacking training specialists from the International Institute of Cyber Security. So far the exact amount that the incident has cost is still unknown, although it is estimated that the stolen assets could be worth millions […]
A 22-year-old individual has been arrested and sentenced to two years imprisonment for operating a cryptocurrency exchange platform without registration before the U.S. Treasury Department, reported ethical hacking training specialists from the International Institute of Cyber Security (IICS). Jacob Burrell, a U.S. citizen living in Mexico, accepted that he did not take any action against […]
According to the vulnerability testing specialists from the International Institute of Cyber Security (IICS), the agency responsible for economic planning in China added any “activity related to virtual currency mining” (including the Bitcoin extraction process) to a list of activities subject to be shut down by the Chinese government. The agency claims that the cause […]
The most recent days have been somewhat convulsed and frightening for the cryptocurrency community members. According to a group of cybersecurity and ethical hacking specialists, last week Bitcoin reached a value of a little more than $5k USD, although for some this means that the virtual asset market will eventually collapse, as they’ve been saying […]