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Tag: security

Hack! A full Report of the MetaMask Recent (On-Going) Phishing Attempt

Category: Commentary, Crime, News, Tech

Hack! A full Report of the MetaMask Recent (On-Going) Phishing Attempt

On June 7, 2018, User WeaponizedMath reported on Reddit that our site BTCManager was serving a phishing popup that only affected the users of MetaMask browser plugin. We were able to resolve the issue within 24 hours of the report. PSA: BTCManager.com is running MetaMask phishing software from ethereum For more info on what Phishing, we recommend the wiki article. Moreover, we…

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Japanese Police Arrest 16 Persons for Illegally Mining Cryptocurrency

Category: Altcoins, Crime, Mining, News, Regulation

Japanese Police Arrest 16 Persons for Illegally Mining Cryptocurrency

While the entire crypto ecosystem is still trying to find lasting solutions to crypto-related financial crimes such as money laundering, crypto theft, hacks and heists, bad actors keep formulating new ways to benefit from the digital currency revolution at the expense of others. Now, Japan’s security forces have arraigned sixteen people for similar cryptojacking on June 15, 2018. Mining Crypto…

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SEC Official Says Ethereum Not Considered a Security

Category: Blockchain, News, Tech

SEC Official Says Ethereum Not Considered a Security

An official of the United States Securities and Exchange Commission (SEC) stated Ethereum displays none of the characteristics of traditional securities. Speaking at a cryptocurrency summit in San Francisco on June 15, 2018, SEC Director of Corporate Finance William Hinman clarified the commission’s position on the contentious issue. BTCManager outlined the SEC’s battle to differentiate security tokens and utility tokens…

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BCI Summit Day Two: Crypto Needs a Makeover Before Institutional Investors Return the Bulls

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

BCI Summit Day Two: Crypto Needs a Makeover Before Institutional Investors Return the Bulls

In day two of the BCI Summit, panels continued the discussion about how best to get in the way of all this tokenized money. A few speakers also discussed what investors should do to protect their digital assets best. Marketing and Security The first point was made most clear via a marketing discussion between Victor Park, the president of Alternative…

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SEC Chairman: Bitcoin is the only Cryptocurrency That Is not a Security

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

SEC Chairman: Bitcoin is the only Cryptocurrency That Is not a Security

In the United States digital assets ecosystem, the Securities and Exchange Commission (SEC) exhibits the most significant regulatory influence. In the latest development, SEC Chairman Jay Clayton made it clear that bitcoin (BTC) is the only cryptocurrency that does not fall under the securities category since the pioneer cryptocurrency can function as an alternative to sovereign fiat currencies. ICO-Generated Altcoins…

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Australian Cryptocurrency Firm Scams Business Partner of $6.6 Million with “Software Backdoor”

Category: Altcoins, Business, Finance, News

Australian Cryptocurrency Firm Scams Business Partner of $6.6 Million with “Software Backdoor”

In what seems like the world’s first revenge cryptocurrency transaction, an Australian cryptocurrency firm is being investigated by the police after allegations that it fraudulently used a “software backdoor” to reclaim its digital tokens following a failed business deal. Cryptocurrency Firm Gone Rogue As per an Information Security Media Group (ISME) report on June 5, 2018, Soar Labs allegedly scammed…

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Major Bug in the Parity Ethereum Client Could Have Caused the Mainchain to Split

Category: Altcoins, Blockchain, Ethereum, News, Tech

Major Bug in the Parity Ethereum Client Could Have Caused the Mainchain to Split

Another bug has been discovered in the Parity Ethereum client according to a blog post made by the developers on June 6, 2018. Reacting swiftly to the development, the technical staff have already released a patch and fixed binaries for users to download. The bug would result in nodes falling out of sync with the network. Critical Vulnerability in Parity…

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SEC Unveils Fraud ICO to Educate Investors

Category: Commentary, Finance, News, Regulation

SEC Unveils Fraud ICO to Educate Investors

 The Securities and Exchange Commission (SEC) has created a scam Initial Coin Offering to teach would-be investors what they should look out for before investing in such projects. The regulator has launched a fake coin offering website dubbed “Howey,” all in the effort of warning investors about fraudulent cryptocurrencies. SEC Launches Howey Coins HoweyCoins.com mimics a bogus coin offering in…

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Japanese IT Giant Nomura to Become World’s First Cryptoasset Bank

Category: Business, Finance, News

Japanese IT Giant Nomura to Become World’s First Cryptoasset Bank

The allure of cryptocurrencies is hugely lucrative to institutional investors, especially for those have primarily been holding back from making large-scale investments in digital assets due to the definite lack of security and solutions. However, several firms are sensing both demand and business opportunities, and in turn, launching their own “custody” services for institutional investors. “Komainu” On May 15, 2018,…

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Popular Bitcoin Wallet Electrum Confirms Malicious Copycat Product

Category: Bitcoin, News, Tech

Popular Bitcoin Wallet Electrum Confirms Malicious Copycat Product

Electrum, one of the most well-known and secure bitcoin wallet application, released a warning with confirmed evidence of a copycat wallet client called “Electrum Pro,” that fraudulently phished a user’s wallet keys to steal funds. Fraudulent Affair Launched in 2011, Electrum is known for its friendly interface and accessibility alongside using advanced security measures such as multisig authentication and compatibility…

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