Articles about bitcoin

Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

Top banker batters Bitcoin for sucky scalability, security

The head of payments policy at Australia’s Reserve Bank – the equivalent of the Federal Reserve or the Bank of England - has asserted that cryptocurrencies’ strengths are also their weakness and suggested central banks won’t need to create their own equivalents any time soon. The Bank’s Tony Richards outlined those arguments …
Simon Sharwood, 27 Jun 2018
Broken container photo via Shutterstock

Hardened Azure logins, softened containers, leaky encrypted images on Macs – and more

Roundup This week you had to deal with AI security panic, fake Fortnite, and, if you use OpenBSD, the end of Intel HyperThread support Here are a few more bits of security news that you might have missed. Ready or not, here comes two-factor Azure log-in Microsoft is going to get its customers using best practices, even if it has to …
Shaun Nichols, 23 Jun 2018

Script kiddie goes from 'Bitcoin Baron' to 'Lockup Lodger' after DDoSing 911 systems

A 23-year-old Arizona man was thrown in the cooler this week after he admitted being the not-quite-infamous website-rattling "Bitcoin Baron". Randall Charles Tucker was given a 20-month sentence Tuesday after pleading guilty earlier this year to one count of felony intentional damage to a protected computer. He had faced as …
Shaun Nichols, 20 Jun 2018
William Shatner plays Captain James Tiberius Kirk on Star Trek: The Original Series (1966-69)

Shatner's solar-powered Bitcoin gambit wouldn't power a deflector shield

Here's a surprise. William Shatner wants cryptocurrency miners to use a solar energy company he represents. Solar Alliance is offering a 3MW solar array* in Murphysboro, Illinois to would-be miners. The retired Canadian actor, 87, has graciously put aside his well-documented disdain of cryptocurrencies to try and attract new …
Andrew Orlowski, 15 Jun 2018

Korean cryptocoin exchange $30m lighter after hacking attack

A weekend breach and theft at a Korean digital currency exchange is being blamed for a drop in the price of Bitcoin. Coinrail confirmed on Saturday that it had been the victim of a hack and as a result coins were lifted from its systems. 해킹공격시도로 인한 시스템 점검중입니다. 일부코인(펀디엑스,NPXS)이 확인되었으며 추가적인 코인피해가 있는지 여부를 확인중입니다. 추후 자세한 사항은 …
Shaun Nichols, 11 Jun 2018
Geeks Guide book on coffee table, photo The_Register

Presto chango, crypto buyo: You're travelling like El Reg's gang of nerds

You were with us when we chucked our backpacks in the boot and drove up the M6 to Jodrell Bank in 2013 and five years on, you're still reading our travel series on UK locations that are covered in scientific or engineering glory. Now we'd like you to join us again, as The Reg takes Geek’s Guide to Britain on its next great …
Gavin Clarke, 22 May 2018
High voltage power grid, in the sunset. Photo by SHutterstock

Great Scott! Bitcoin to consume half a per cent of the world's electricity by end of year

The energy required by the Bitcoin fad has been forecast to hit half a per cent of the world's entire electricity supply by the end of 2018. With the network estimated to already be consuming 2.55 gigawatts of electricity, enough to power most of Ireland (or send a couple of Deloreans back a few years to before the Bitcoin …
Richard Speed, 17 May 2018

Bitcoin hijackers found at least one sucker for scam Chrome extension

Security researchers have caught a Bitcoin-hijacking Chrome extension that only managed to grab one BitCoin transaction before being exposed. Trend Micro researchers said the malicious extensions used an attack technique that first emerged last year, dubbed FacexWorm, and added that they noticed re-emerging activity earlier …

Power spike leads Chinese police to 600-machine mining rig

Chinese media is reporting the seizure of 600 Bitcoin miners in the northern municipality of Tianjin, on the grounds of electricity theft. Coin mining is a popular activity in China, but like so many places, those operating big mining rigs find the rivers of gold dammed by high electricity prices. The Digiconomist Bitcoin …

Australian Feds cuff woman who used BTC to buy drugs on dark web

Australia’s Border Force (ABF) has warned that “people shouldn’t assume the dark web is invisible to Australian agencies” after cuffing a woman who bought illicit drugs using Bitcoin and had them shipped from the UK to Australia. The ABF chose Friday the 13th of April to announce that a woman had run out of luck after she “ …
Simon Sharwood, 16 Apr 2018
Somewhere nice in India

Tried checking under the sofa? Indian BTC exchange Coinsecure finds itself $3.5m lighter

Indian Bitcoin exchange Coinsecure has mislaid 438.318 BTC belonging to its customers. In a statement by parent firm Secure Bitcoin Traders Pvt, posted late on Thursday, the biz said its chief security officer had extracted a bunch of Bitcoin to distribute to punters – and discovered the funds were "lost in the process." The …
Richard Speed, 13 Apr 2018
Bitcoin, photo via Shutterstock

When SecureRandom()... isn't: JavaScript fingered for poking cash-spilling holes in Bitcoin wallets

Concerns about a flawed crypto library that could allow Bitcoin theft have been revived following a post to a Bitcoin mailing list last week. David Gerard, a UK-based Unix admin and blockchain technology watcher, raised concerns in a blog post on Thursday. "The popular JavaScript SecureRandom() library … isn’t securely random …
Thomas Claburn, 12 Apr 2018
credit card

Cryptocoin investors sue Chase Bank for sky-high credit card charges

Chase Bank is the target of a class action lawsuit accusing the bank of overcharging customers who bought cryptocurrencies with their credit cards. A class-action complaint [PDF], filed this week in a New York US district court, accuses Chase of failing to warn customers it would be classifying cryptocurrency purchases as cash …
Shaun Nichols, 12 Apr 2018

Internet Society: Cryptocurrency probably not an identity system

Too many cryptocurrency people are trying to force-fit blockchain technology into identity solutions, when ID needs its own solutions. That's the opinion of Steve Wilson of Lockstep Consulting, who this month co-authored a paper on identity for the Internet Society: Do Blockchains Have Anything to Offer Identity? with Steve …

Bitcoin's blockchain: Potentially a hazardous waste dump of child abuse, malware, etc

Bitcoin's blockchain can be loaded with sensitive, unlawful or malicious data, raising potential legal problems in most of the world, according to boffins based in Germany. In a paper [PDF] presented at the Financial Cryptography and Data Security conference on the Dutch Caribbean island of Curaçao – "A Quantitative Analysis …
Thomas Claburn, 19 Mar 2018
Bitcoin ban

Crypt-NO-coins: US city bans mining funbux on its electrical power grid

A city in upstate New York has become the first in America to effectively ban any new commercial-grade cryptocurrency miners from powering up. Mayor Colin Read and the city council of Plattsburgh this month signed off on a measure to place an 18-month moratorium on any new industrial-scale crypto-coin crafting operations …
Shaun Nichols, 16 Mar 2018
money laundering

Crooks opt for Monero as crypto of choice to launder ill-gotten gains

Crooks are increasingly turning to Monero over Bitcoin, according to a new study on the economics of cybercrime. "Platforms like Monero are designed to be truly anonymous, and tumbler services like CoinJoin can [further] obscure transaction origins," said Dr Mike McGuire, senior lecturer in criminology at Surrey University and …
John Leyden, 16 Mar 2018

Crypto crackdown: Google bans ads for unregulated currencies

Google has joined the Bitcoin-hating bandwagon with a ban on ads for cryptocurrencies and initial coin offerings from June. The move was announced today as part of an update to its financial services policy to crack down on unregulated products. This will mean companies can no longer serve ads for "cryptocurrencies and …
Rebecca Hill, 14 Mar 2018

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