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About author: David Balaban

David Balaban is a computer security researcher with over 15 years of experience in malware analysis and antivirus software evaluation. David runs the Privacy-PC.com project which presents expert opinions on the contemporary information security matters, including social engineering, penetration testing, threat intelligence, online privacy and white hat hacking.

Malicious Use of Bitcoin is Blown Out of Proportion

Category: Bitcoin, Commentary, Crime, Finance, News

Malicious Use of Bitcoin is Blown Out of Proportion

Japanese law enforcement agencies received a total of 346,595 reports about suspected money laundering between April and December 2017. Only 669 of these (0.19 percent) involved cryptocurrencies. These statistics nearly match the findings of the Washington, D.C. based Foundation for Defense of Democracies (FDD). According to the research of this think tank’s Center on Sanctions and Illicit Finance (CSIF), less…

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Can Bitcoin Exist Without Trust?

Category: Bitcoin, Commentary, Finance, News, Regulation, Tech

Can Bitcoin Exist Without Trust?

In an individualistic commodity society, there are no relationships of solidarity that protect you against uncertainty. The existence of a person in such a community depends only on his ability to acquire (buy) the things he needs on the market. For this reason, individuals are looking for an item that would give them an opportunity to purchase any product in…

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How to Create Your Own Cryptocurrency and Do You Need to Be a Tech Guru for This?

Category: Altcoins, Commentary, News, Tech

How to Create Your Own Cryptocurrency and Do You Need to Be a Tech Guru for This?

If you are not a programmer but carefully follow all news about Bitcoin and other cryptocurrencies, then sooner or later you might come up with the question; “can I create my own cryptocurrency?” In short – Yes! You can do it. However, there are many pitfalls that need to be studied before you immerse yourself in the creation of your…

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Cryptocurrency Mining at Work

Category: Bitcoin, Commentary, Mining, News, Tech

Cryptocurrency Mining at Work

Cryptocurrency mining often requires a lot of computation power. Therefore people who want to try their hand at mining must purchase specialized equipment. Not everyone can afford to buy expensive hardware. It usually takes a big mining farm consisting of numerous video cards to get the bang for one’s buck. The electricity bills tend to be discouraging, too. Some individuals,…

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Real-World Crimes Involving Bitcoin and Ethereum Are on the Rise

Category: Altcoins, Bitcoin, Ethereum, News

Real-World Crimes Involving Bitcoin and Ethereum Are on the Rise

Most people think of cryptocurrency-related heists as incidents where crafty hackers compromise computers, steal victims’ Bitcoin wallet keys and transfer the funds away. This misconception is well-founded and is indeed exactly how many tech-savvy crooks have masterminded the most notorious theft campaigns in this domain. However, some malefactors go the old school route and coerce owners into parting with their…

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ICO Exit Scams Continue

Category: Altcoins, Commentary, Finance, News

ICO Exit Scams Continue

Traditional financial markets are tightly regulated these days, so it very problematic for con artists to pull off frauds and get away with it. Things are different in the cryptocurrency landscape due to its unregulated nature. Some of the common scam vectors targeting this decentralized economy include Ponzi schemes, extortion viruses, phishing attacks that dupe people into trusting threat actors…

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Can In-browser Cryptocurrency Miners Be Less Evil?

Category: Altcoins, Commentary, Mining, News, Tech

Can In-browser Cryptocurrency Miners Be Less Evil?

Some people believe cryptocurrency mining is a great alternative to ads on a website. Some don’t mind losing 10-40 percent of their CPU power over it. This article will explain why these perspectives are erroneous. It will also propose a method to address most of the concomitant caveats by allowing browser miners to become a supplementary source of monetization, which…

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