Articles about bitcoin

Bitcoin, photo via Shutterstock

Man: Just 18 Bitcoin babies and my home is yours

A man in Grimsby wants to flog his house for 18 Bitcoin (£81,305) because he calcuates the currency is a better investment than cold hard British pounds in the bank. Sean Atkinson, 49, told El Reg, he was aware of the growing market for selling high-end properties in exchange for the cryptocurrency, "so why not terraced houses …
Kat Hall, 27 Oct 2017
Money explosion photo via Shutterstock

Crypto-coin miners caught toiling away in hacked cloud boxes

Here's yet another reason to make sure you lock down your clutch of cloud services: cryptocurrency mining. Security outfit RedLock's security trends report [PDF], out this month, said developers and organizations are not securing their AWS, Azure and Google Cloud Platform systems, allowing miscreants to hijack them to steal …
Assange

Assange thanks USA for forcing him to invest in booming Bitcoin

Endurance couch-surfer and WikiLeaker-in-chief Julian Assange has thanked US authorities for the banking blockade that made it hard to donate fiat currencies to his organisation, because it inadvertently enriched the organisation. The blockade first appeared in 2010, after the United States expressed its ire at WikiLeaks' …
Simon Sharwood, 16 Oct 2017
Bear

To Russia, with love: Greek court now says Bitcoin fraud suspect could be tried at home

A judicial appeals court in Thessaloniki, Greece, has backed Moscow's extradition request for Russian citizen and suspected Bitcoin launderer Alexander Vinnik, The Greek Observer reports. Last week a Thessaloniki court ruled he should be extradited to the US, a decision he is challenging at Greece's supreme court. Vinnik was …
Andrew Silver, 11 Oct 2017
Bitcoin

Russia, America dig into tug-of-war over Bitcoin laundering suspect

Russia doesn't want America taking one of its nationals accused of running a $4bn Bitcoin laundering ring – Moscow wants him more. The Russian foreign ministry said in a statement on Friday that a Greek court's decision to extradite Alexander Vinnik to the US is "unjust and a violation of international law". The 38-year-old …
Andrew Silver, 6 Oct 2017

Russian suspected of $4bn Bitcoin laundering op to be extradited to US

A Greek court has approved the US extradition of a Russian national accused of running a $4bn Bitcoin laundering ring on the now-defunct BTC-e exchange. Alexander Vinnik, 38, was arrested in Greece in July and is wanted by both the States and Moscow. Authorities suspect he was ringleader and responsible for alleged laundering …
Andrew Silver, 4 Oct 2017
Bitcoin punch cards

South Korea bans Initial Coin Offerings

South Korea has banned initial coin offerings (ICOs), the practice of taking cash for Blockchain-powered services. The United States' Securities and Exchange Commission (SEC's ) Office of Investor Education and Advocacy explains that ICOs see the promoter of an investment offer “ virtual tokens or coins” that can be used to …
Simon Sharwood, 29 Sep 2017

Ethereum just checked that part of a Zcash transaction was legit

The testnet for Ethereum's next big update has successfully verified an important part of a transaction with the virtual cryptocurrency Zcash, bringing the dream of making the blockchain network more privacy-focused just a tiny bit closer to reality. In blockchain protocols such as Bitcoin, all the nodes have to validate all …
Andrew Silver, 20 Sep 2017

Ethereum will have transaction chops of Visa in 'a couple of years', founder claims

Blockchains might be a bit slow today, but one of Ethereum's founders predicts that in "a couple of years" the popular network will have the same transaction capacity scale as Visa. Speaking at TechCrunch's Disrupt San Francisco on Monday, Vitalik Buterin said Bitcoin can process less than three transactions per second, …
Andrew Silver, 19 Sep 2017

Pirate Bay digs itself a new hole: Mining alt-coin in slurper browsers

Bittorrent search engine and mortal enemy of intellectual property lawyers, The Pirate Bay, has upset the one group of people that actually likes it: its users. Over the weekend, visitors to the infamous file-sharing watering hole were surprised to find their browsers working overtime, with their computers' CPU usage rocketing …
Kieren McCarthy, 19 Sep 2017

Someone checked and, yup, you can still hijack Gmail, Bitcoin wallets etc via dirty SS7 tricks

Once again, it's been demonstrated that vulnerabilities in cellphone networks can be exploited to intercept one-time two-factor authentication tokens in text messages. Specifically, the security shortcomings lie in the Signaling System 7 (SS7) protocol, which is used to by networks worldwide to talk to each other to route …
John Leyden, 18 Sep 2017
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

Bank for central banks admits decentralised cryptocurrencies are a pretty good idea

The Swiss-based bank for the world's central banks has argued that there's a lot to gain if they offer decentralised cryptocurrency to consumers. In a report published Sunday, the Bank for International Settlements (BIS) stopped short of an official policy recommendation, but admitted that there were clear privacy advantages …
Andrew Silver, 18 Sep 2017

China orders immediate shuttering of Bitcoin exchanges

China has ordered all Bitcoin and cryptocurrency exchanges to cease trading by the end of Friday, causing a massive drop in its value worldwide. According to leaked documents and a series of statements from those running the local exchanges, China's regulators have told the exchanges verbally that they do not have a license to …
Kieren McCarthy, 15 Sep 2017
Bitcoin

North Korea attacks Bitcoin bods to swell its war chest says FireEye

North Korea appears to have commenced online attacks aimed at acquiring Bitcoin so it can evade sanctions. South Korea's Cyber Warfare Research Center alleged a few weeks ago that at least one Bitcoin exchange had been targeted by a Nork hack, and now FireEye threat researcher Luke McNamara writes that “since May 2017, we have …
Simon Sharwood, 13 Sep 2017
china

China bans cryptocurrency fundraising schemes

Digital currencies Bitcoin and Ethereum have slipped after the Chinese government banned Initial Coin Offerings, a tool that sees equities offerings bid in cryptocurrencies instead of fiat currencies, a share funding mechanism. The Peoples' Bank of China's joint announcement with six other agencies doesn't translate smoothly, …
Bitcoin, photo via Shutterstock

Bitcoin Foundation wants US Department of Justice investigated

Spooked by prosecutions of Bitcoin sellers and pending money laundering rules, The Bitcoin Foundation on Tuesday said the cryptocurrency isn't really money and asked lawmakers to investigate the US Department of Justice's pursuit of merchants selling it. In a letter [PDF] to the US Senate Judiciary Committee, Llew Claasen, the …
Thomas Claburn, 31 Aug 2017
Kim Jong Un

Best Korea fingered for hacks against Bitcoin exchanges in South

North Korea has emerged as the prime suspect in recent Bitcoin exchange hacks in South Korea, with threat intel experts warning that more attacks on digital currency services and even mainstream banks are likely to follow. South Korea's Cyber Warfare Research Center reportedly believes that at least one Bitcoin exchange was …
John Leyden, 30 Aug 2017
A Ransom Note

Lanarkshire NHS infection named as Bitpaymer variant

The ransomware that infected computers at the UK National Health Service's Lanarkshire outpost, causing an outage that lasted most of last weekend, has been tagged as a ransomware that demanded 53 Bitcoin for files to be decrypted. There's no evidence that the NHS district paid up, which isn't surprising because at current …

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