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Bitcoin has been in existence for more than a decade now, and its rise to popularity (or unpopularity, depending on who you talk to) didn’t happen overnight. The idea of having a storage of value that is not actual currency (not backed by the government and commercial banks) was as absurd as treating common pebbles […]
The blockchain industry is expanding and with the increasing deployment of cryptocurrency in other arenas, the need for faster computation methods is arising. VDF Alliance, a collection of non-profit and corporate collaborators, is offering $100,000 to invent hardware or develop software to create a faster blockchain algorithm. The challenge revolves around a VDF. VDF or […]
1st August 2019 is an important day in the cryptocurrency industry because as of today, 85% of the total Bitcoin supply has been mined. Now, we can only mine 3.15 million new Bitcoins in the next 120 years. Satoshi Nakamoto, the alleged creator of Bitcoin, did a smart move by limiting the total number of […]
The proponents of cryptocurrency always harp on the point that it is very safe and secure and the blockchain technology that is used is virtually hacking proof. Let’s face it, even with the best technology you will have loopholes and there are people everywhere who wish to make a profit out of it. Every small […]
Ever since Facebook’s cryptocurrency Project Libra was announced, it has faced multiple issues even before going public. Adding to the same bunch of problems, the Mark Zuckerberg-owned company is now accused of stealing the cryptocurrency idea from an MIT fellow. It is suggested that the views of the Facebook Libra cryptocurrency and the ones by […]
Noam Rotem and Ran Locar with their research team found a database leak in YouHodler. YouHodler, A Crypto lending site offered an easy way for its users to apply for crypto-loans or turn their crypto-holdings into fiat currencies. The breach has that more than 86 million records, including full customer names, email addresses, addresses, phone […]
The Spanish authorities have stated that the legislation currently in existence in the European community is inadequate and insufficient to prevent the use of Bitcoin ATMs in order to launder money, as mentioned by digital forensics specialists. Various media report that the Spanish government has reached this conclusion after investigating the legal status of cryptocurrency […]
Ever since Facebook stepped into the crypto world with its Libra cryptocurrency, more often than not, it has suffered from several controversies. The most recent, which could put its future in jeopardy again, is the US Treasury’s serious concern about Libra and other cryptocurrencies. In a press conference, US Treasury Secretary Steven Mnuchin has suggested […]
If it’s not apparent from the title then here it is once again: Donald Trump hates bitcoin and other forms of cryptocurrencies as well, including Facebook Libra. He is suggesting that these bitcoins are not real money and that the US dollar is the only real currency in the United States of America. However, he […]
Hackers broke the file server of the Pale Moon browser project and attacked the previous version of the browser with malicious software. The lead developer of Pale Moon, Mr. C. Straver, said the hack was undetectable for more than 18 months. The Pale Moon file server is used to host an earlier version of the […]
These days, hackers are not after 15 minutes to a day of fame with their actions, they are fully motivated to earn a profit. They started with virus infections demanding for ransom payment to unlock the encrypted user files, then they are now exploring cryptocurrency as a new platform to target, in order to amass […]
Authorities arrested six suspects including five males and one female in simultaneous raids carried out in a joint operation. The raids and subsequent arrests were carried out to trace $28 million worth of stolen Bitcoin. The raids were conducted as part of a 14-month long, large-scale, global police investigation involving European law enforcement agencies including […]
Bitcoin has been on a constant surge for the past few days and the digital cryptocurrency recently crossed the $10,000 mark, which is a feat considering the rapid decline it faced after 2018. If you stopped investing money in Bitcoin after its steep fall, here’s your chance to earn $70,000 worth of Bitcoin by simply […]
For many years, Facebook literally ignored the existence of cryptocurrency as a potential business which the social media giant can engage with. As the year 2019 rolls-out, the Mark Zuckerberg-led company has decided to partner with another party, for the purpose of launching its own cryptocurrency, Libra coins. Being a global tech giant, Facebook will […]
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, […]
If you download pirated content from torrent platforms, you can be a victim of this Mac malware. There is a new variant of cryptomining malware that is specifically targeting Apple’s Mac devices and those users who prefer downloading pirated software from torrent platforms. Dubbed Bird Miner by researchers; this cryptocurrency mining malware is actually a […]
Chris Hughes, the co-founder of Facebook, thinks that the newly unveiled cryptocurrency Libra will have a “frightening” impact on the economy — by shifting power from central banks to corporations. Earlier this week, Facebook unveiled its global digital coin, which will be managed by the Libra Association and circulated through a wallet named Calibra. Hughes […]
Cybersecurity researchers from at least two firms today unveiled details of a new strain of malware that targets Windows and macOS systems with a Linux-based cryptocurrency mining malware. It may sound strange, but it’s true. Dubbed “LoudMiner” and also “Bird Miner,” the attack leverages command-line based virtualization software on targeted systems to silently boot an […]
The “Ransomware Business” and the “Cryptocurrency mining epidemic” have become more and more sophisticated through the years, cybercriminals are after profit. Most people who use various computing devices are connected to the Internet fulltime. This means that all users of Internet-connected devices are constantly exposed to these threats, and security measures are a very important […]
Facebook just revealed details about Libra, the company’s cryptocurrency that will allow users to make purchases or make transfers with fees close to zero. According to cybersecurity experts, Libra may be purchased or withdrawn online or at specific exchange points. The company today launched Libra’s white paper, in addition to announcing its testing network to […]
These apps were designed to pass as BtcTurk, a Turkish cryptocurrency exchange. Researcher Lukas Stefanko at the Slovakian security firm ESET has discovered Android malware in new apps that can bypass the SMS-based two-factor authentication (2FA) without using SMS permissions. The malicious apps are available on the very reliable platform Google Play Store. Don’t buy […]