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2018 Global Token Galaxy Expo • May 25-27, 2018

A leading blockchain summit conference and exhibition is taking place on May 25-27 in Silicon Valley. To The Moon·Global Token…

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Tag: mining

New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

Category: Altcoins, Bitcoin, Blockchain, Crime, Finance, News, Regulation

New GDPR Laws May Augment Cryptocurrency Theft; $1.2 Billion Stolen in 2018 Alone

While fraud seems present in every financial domain, the cryptocurrency sector attracts a lot of criminals in particular due to a lack of strict security practices and negligible regulation. The funds stolen are no child’s play either, as recent research suggests a staggering value. Cryptocurrency Crimes Surging According to estimates provided by the Anti-Phishing Working Group (APWG), cyber-criminals have infiltrated…

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“Worse Than Ransomware”: How Illegal Crypto Miners Made Over $100 Million

Category: Altcoins, Commentary, Mining, News, Tech

“Worse Than Ransomware”: How Illegal Crypto Miners Made Over $100 Million

Driven by a sustained rise in adoption and stability of cryptocurrencies like bitcoin, monero, and ethereum, criminal gangs, and hackers around the world are increasingly flocking to illegal cryptocurrency mining as their new growth market. The trend was revealed by Helge Husemann, Malwarebytes EMEA Product Manager while speaking at the ITWeb Security Summit 2018 on May 22, 2018. Helge Husemann….

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Japan’s Tech Giant Set to Launch the First Bitcoin Miner with 7nm Chip

Category: Bitcoin, Business, Mining, News, Tech

Japan’s Tech Giant Set to Launch the First Bitcoin Miner with 7nm Chip

GMO Internet Group plans to launch GMO miner B2 on June 6, 2018, which will be followed by an information session in Tokyo, Japan. During the launch, details on the GMO miner B2’s performance and the price will become available to potential buyers. Once launched, the GMO miner B2 will become the first bitcoin mining machine in the world to…

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India May Levy 18 Percent Tax on Cryptocurrency Activities; Making it Practically Legal

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

India May Levy 18 Percent Tax on Cryptocurrency Activities; Making it Practically Legal

Even though the legal acceptance of cryptocurrencies in India is not crystal clear yet, people with direct knowledge of the issue has stated that India is well on its way to levy Goods and Services Tax (GST) on any activity related to digital assets. The Statement According to a report, the Indian government may impose an 18 percent GST on…

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Ethereum Miners Mass Targeted by Satori Botnet Attack

Category: Crime, Ethereum, News

Ethereum Miners Mass Targeted by Satori Botnet Attack

 The rising value of cryptocurrency has undeniably lured hordes of people towards investing in the risky asset class, with the technically-informed going one step ahead to set up their own “mining rigs.” Hackers are not far behind, however, and often infiltrate computing systems to mine cryptocurrencies for themselves. After Browser Mining, Hackers Target Miner Rigs In a bid to greatly…

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Blockchain Firm Fights Bitcoin Fraud With Justice Department Cybercrime Chief

Category: Blockchain, Business, Crime, Mining, Tech

Blockchain Firm Fights Bitcoin Fraud With Justice Department Cybercrime Chief

Blockchain technology company Bitfury is serious about stamping out bitcoin scams and now has the muscle to fight it. Bitfury has hired Michael DuBose, the former head of the Computer Crime unit at the U.S. Department of Justice, to roll out its bitcoin blockchain tracking product, Crystal. DuBose said in a statement:  “Crystal makes it much easier to identify and…

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User Discovers Hidden Bytecoin Mining Code in Ubuntu App

Category: Altcoins, Crime, Mining, News, Tech

User Discovers Hidden Bytecoin Mining Code in Ubuntu App

A Github user by the title of “tarwirdur” reported an app (now removed), hosted on the Ubuntu Snap Store that contained hidden cryptocurrency code for mining Bytecoin tokens. The app on which the malicious code was found was the 2048buntu app which is a replica of the 2024 game also hosted on the Ubuntu Snap Store. Fortunately, the Ubuntu team…

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One Wrong Assumption by Wired Ended up in a Loss of Thousands of Dollars of Bitcoin

Category: Bitcoin, Commentary, Finance, News

One Wrong Assumption by Wired Ended up in a Loss of Thousands of Dollars of Bitcoin

In May 2013, Wired published an article where it went through a tutorial on bitcoin mining, titled “Watch Wired Get Rich Quick With Our Sleek Bitcoin Miner.” At the end of the article, the company decided to destroy the wallet’s private keys and therefore lose access to a nice haul of bitcoin that today would be worth a few hundred…

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Largest India Conglomerate Victim of Monero Cryptojacking

Category: Altcoins, Bitcoin, Business, Crime, Mining, News

Largest India Conglomerate Victim of Monero Cryptojacking

Aditya Birla Group, one of India’s top business conglomerates is the first victim of a “cryptojacking” attack that occurred In April 2018. The attack was first detected in some of the conglomerates overseas subsidiary’s, but it quickly spread to manufacturing and other companies closer to home within days. First in India, but Illicit Mining Is a Long-Standing Problem Over 2,000…

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First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Category: Altcoins, Bitcoin, Business, Ethereum, Mining, News, Tech

First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Graphics processor maker Nvidia Corp. disclosed that sales of graphics processing units (GPUs) to cryptocurrency miners equated to $289 million in the first quarter of 2018, forming only nine percent of its overall reported revenue of $3.21 billion for the period. Financial analysts had estimated sales of around $200 million on account of crypto miners. The first period did see…

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