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The blockchain technology is much more than Bitcoin and mining and trading cryptocurrencies. It can be leveraged in a wide…

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Tag: hacking

Hackers Now Use Android Phones and Smart TVs to Mine Cryptocurrency

Category: Altcoins, Mining, News, Tech

Hackers Now Use Android Phones and Smart TVs to Mine Cryptocurrency

It’s no news that cryptocurrency mining is big business and in a bid to maximize profit, miners have devised various methods of maliciously installing their crypto mining malware on unsuspecting users. Smart television sets and Android phones are the new home for the Monero mining malware. Monero on Television Chinese researchers at Netlab360 have recently discovered hackers turning internet-connected gadgets…

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Report Alleges North Korean Hacking Group’s Involvement in Phishing scam

Category: Bitcoin, News, Tech

Report Alleges North Korean Hacking Group’s Involvement in Phishing scam

According to a report by the US cybersecurity firm SecureWorks released on December 15, 2017, Lazarus, the North Korean hacking group, may be plotting to launch a widespread attack targeting top personalities in the cryptocurrency ecosystem. At this time, it appears as if the payload will be delivered through authentic-looking emails loaded with attachments containing malware, but that may change…

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NiceHash Hack: More than $60 Million of Bitcoin Stolen

Category: Bitcoin, Business, News, Tech

NiceHash Hack: More than $60 Million of Bitcoin Stolen

It seems that the world of bitcoin is still not safe, with hacks still occurring on a regular basis. NiceHash: the Latest Bitcoin Hack Victim The victim of this latest hack was a platform called NiceHash who have dubbed themselves as being the biggest marketplace when it comes to the mining of digital currencies. They announced on December 6, 2017,…

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The Equifax Credit Reporting Breach: Is Blockchain The Answer?

Category: Blockchain, News

The Equifax Credit Reporting Breach: Is Blockchain The Answer?

In a recent development in the U.S. that sent shockwaves through the world of personal finance, credit reporting agency Equifax announced that they had been breached, compromising the personal information of over 143 million Americans. The potential impact of this is profound as it amounts to over 40 percent of the U.S. population. In this attack hackers captured troves of…

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North Korean Spearphishing Sets Sights on South Korean Cryptocurrency Targets

Category: Bitcoin, News

North Korean Spearphishing Sets Sights on South Korean Cryptocurrency Targets

As bitcoin and other digital currencies emerge as a new and valuable asset class, North Korean cyber criminals are also realizing a new means of state funding. Unhinging a Global Financial System Kim Jong-Un has been featured in the news as exclusively an intemperate world leader with nuclear capabilities. His confrontations with President Trump have sparked global concerns as to…

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Blockchain Code Audits Aim to Thwart Security Vulnerabilities

Category: Blockchain, News, Tech

Blockchain Code Audits Aim to Thwart Security Vulnerabilities

New York-based technology company, Jibrel Network, recently announced that it has signed on with security auditing firm New Alchemy to conduct a full in-depth security audit and code review of its platform. The announcement comes just weeks after a potentially critical vulnerability left $200 million worth of Augur tokens at risk. This intrusion was on the heels of a $32…

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Bits and Blocks of Ideas: Feature Interview With Anari Sengbe, founder of ProducTank

Category: Interviews, News

Bits and Blocks of Ideas: Feature Interview With Anari Sengbe, founder of ProducTank

At any given time during his workday, Anari Sengbe’s mind is brimming with ideas. A self-described blockchain and online gaming junkie, Sengbe’s digital insights and product prototypes have been sought out and employed by major companies like Mercedes Benz, HP, Emirates Airlines and DirectTV. He has also won numerous hackathons for prizes like this one for Mercedes. His current project…

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Enigma Catalyst Falls Victim to Hackers

Category: Commentary, Ethereum, News, Tech

Enigma Catalyst Falls Victim to Hackers

Hacking is a pervasive issue in the cryptosphere. With financial freedom comes the weight of responsibility, and despite their merits, cryptocurrencies are particularly unforgiving when it comes to scams and hacks. The most recent crypto venture to come under fire is Catalyst, from the Silicon Valley company Enigma.co. Catalyst is a machine-based investment platform for cryptoassets. Catalyst’s long-term goal is…

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BTC-E’s Role in Mt. Gox Hack: Laundered $4 Billion Proceeds of Bitcoin Theft

Category: Bitcoin, News, Regulation

BTC-E’s Role in Mt. Gox Hack: Laundered $4 Billion Proceeds of Bitcoin Theft

WizSecurity’s report which revealed BTC-E’s long lasting involvement in the Mt. Gox hack came as a shock to the Bitcoin community and industry. The unsettled case of Mt. Gox is finally set to come to an end and BTC-E is at the epicenter of a series of thefts that led to the loss of billions of dollars worth of bitcoin…

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Veritaseum Hack Proves Need for Tighter Security in ICO Market

Category: Commentary, Ethereum, News

Veritaseum Hack Proves Need for Tighter Security in ICO Market

Blockchain startup Veritaseum has become the latest victim of an ICO hack. During its July 24 sale, the platform was compromised and lost about $8.4 million worth of cryptocurrency. Veritaseum is a blockchain project that seeks to utilize the blockchain in order to create smart contracts that allow for direct peer-to-peer engagement within the capital markets space. “Veritaseum utilizes smart…

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