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Tag: security

Ian Balina Wallet Hack and a Lesson in Crypto-security: Why Publicizing Your Portfolio Online is a Bad Idea

Category: Altcoins, Bitcoin, Commentary, News

Ian Balina Wallet Hack and a Lesson in Crypto-security: Why Publicizing Your Portfolio Online is a Bad Idea

In an ironic development, Ian Balina – the cryptocurrency and ICO marketer known for his ‘ICO spreadsheet’ – ended a live stream on April 16 after commenters notified him about unusual fund transfers from his ETH wallet. The hack is a perfect example of how important is crypto-security, and how publicizing crypto holdings online is a poor decision indeed. Hack…

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Authorities Blame Bitcoin for Rising Drug Usage, Fail to Consider Loopholes

Category: Bitcoin, Blockchain, News, Regulation

Authorities Blame Bitcoin for Rising Drug Usage, Fail to Consider Loopholes

Designed as a peer-to-peer, borderless, digital payment solution, bitcoin (BTC) continually finds itself shrouded in controversies, scams, uninformed media claims and, unfortunately, dark net marketplaces. Bitcoin’s Properties Make It a Perfect Darknet Currency Although bitcoin’s existence is that of a simple digital token, its misuse results in widespread legal crackdowns. Gangsters and darknet entrepreneurs increasingly use BTC to finance their…

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Commercial Cryptocurrency Mining Could Push Bitcoin Towards a 51 Percent Attack

Category: Altcoins, Bitcoin, Blockchain, Ethereum, Mining, News

Commercial Cryptocurrency Mining Could Push Bitcoin Towards a 51 Percent Attack

It is common knowledge that mining is becoming less profitable for smaller operations. Miners that have set up small to medium scale mining infrastructure are quickly finding out the infeasibility of their operation due to electricity costs and a declining market. Cost of Bitcoin Mining for Small Users To ensure profitability, miners have to buy more powerful hardware chips. However,…

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Website Threatens To Make Email Password Public, Demands Bitcoin as Ransom

Category: Altcoins, Ethereum, News

Website Threatens To Make Email Password Public, Demands Bitcoin as Ransom

In another attempt to leak confidential personal data, an anonymous developer has built a malicious copy of the famous breached passwords database “Have I been pwned.” Fraudsters ‘Hijack’ Passwords Similar to “Have I Been Pwned,” the malware initially lets one check if his/her associated email address has been breached previously. However, it also shows leaked passwords of the breached accounts,…

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Chainalysis Raises $16 Million from Early Venture Fund Benchmark

Category: Bitcoin, Blockchain, Business, Finance, News, Tech

Chainalysis Raises $16 Million from Early Venture Fund Benchmark

Chainalysis raised a $16 million Series A from Benchmark, an early venture fund that previously invested in Uber, Discord, Dropbox, eBay, Zendesk, and WeWork. The cryptocurrency compliance startup also released a new product called Know Your Transaction (KYT) which will help companies track criminals involved in financial fraud and money laundering. Federal Interest: Chainlaysis and the Mt Gox Case Chainalysis…

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Get Healthy on the Blockchain

Category: Altcoins, Business, ICO News, News, Tech

Get Healthy on the Blockchain

The relatively new mobile health market has been growing immensely and in a big way. But, just like with any new product and market the full benefit of this ecosystem has yet to be realized. For consumers and businesses alike, there is a lack of cohesiveness and interconnectivity between the consumers, the companies and their data. Both parties miss out…

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Coinbase’s Statement to Congress: “You Have all the Tools You Need to Regulate Appropriately”

Category: Bitcoin, News, Regulation

Coinbase’s Statement to Congress: “You Have all the Tools You Need to Regulate Appropriately”

On March 13, 2018, Congress’ committee on regulating digital currencies met to discuss the ever-growing and highly unregulated cryptocurrency environment. As a new market, it has had its share of hiccups which have concerned investors as well as the regulatory bodies overseeing such investments. Nurturing a Fast Moving Target Coinbase, one of the largest cryptocurrency on- and off-boarding sites, is…

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Egypt May Be Secretly Mining Crypto by Hijacking its Citizens’ Computers

Category: Altcoins, News, Regulation, Tech

Egypt May Be Secretly Mining Crypto by Hijacking its Citizens’ Computers

According to a report from the University of Toronto, a telecom company connected to the Egyptian Government is secretly mining cryptocurrencies from its citizens’ computers through a program called AdHose. Government Funding or Otherwise Adhose would either redirect Egyptian Internet users to advertising sites or websites that would mine the cryptocurrency Monero without the user’s knowledge. “On a number of…

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5 Key Areas Where Small Business Can Benefit From Blockchain Technology

Category: Bitcoin, Blockchain, Business, News

5 Key Areas Where Small Business Can Benefit From Blockchain Technology

The benefits of blockchain technology have been widely evangelized across all sectors, but many small business owners may be unaware as to what it can do for them. Further, many are still unaware as to how easy it is to implement the innovation into their business operations. Integrating Blockchain Technology into Your Business This development is particularly the case for…

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Brazilian Pastor Stages Own Kidnapping in an Attempt to Get 3 Bitcoin from Family Members

Category: Bitcoin, News

Brazilian Pastor Stages Own Kidnapping in an Attempt to Get 3 Bitcoin from Family Members

The crypto craze has proved yet again it’s a respecter of no man, as a Christian cleric has faked his kidnap, demanding a three bitcoin ransom from his family. Unfortunately for the greedy pastor, his family couldn’t just end their HODL to fund his release. Spiritual Bitcoin As per Gospel Geral, Alexandre Geraldo dos Anjos, a 34-year old Evangelist at…

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