Articles about cryptocurrency

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$232m blockchain startup Tezos faces sueballs for alleged investor fraud

Tezos, the blockchain startup that raised $232m in July, has been served with at least two US class-action lawsuits for allegedly defrauding fundraisers as well as breaking rules for offering securities. According to court documents filed in the Middle District of Florida on Monday, plaintiff Alejandro Gaviria is seeking for …
Andrew Silver, 16 Nov 2017
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

Your attention has value, personal cryptocurrency will advertise it

Cryptocurrencies open the door to a world where everyone has their price. To understand why, consider Ethereum, a cryptocurrency that rests on the distributed ledger tech described by Satoshi Nakamoto in his 2008 white paper but includes a scripting language. That makes it, quite literally, "smart money.’ The idea of smart …
Mark Pesce, 14 Nov 2017
Paris Hilton DJs .  Editorial credit: ANDREA DELBO / Shutterstock.com

Beware Paris Hilton's investment advice, SEC tells investors

The United States' Securities and Exchange Commission (SEC) has warned investors that celebrities may not understand that their endorsements of initial coin offerings are in breach of the law. The financial watchdog has issued advice in which it warns that “Investors should note that celebrity endorsements may appear unbiased …
Bitcoin ban

Vietnam bans Bitcoin as payment for anything

The State Bank of Vietman has issued “Information related to the use of virtual currency” that bans use of the cryptocurrency for payments. It won't say why, and doesn't explicitly ban mining or blockchain. The Bank lists conventional payment mechanisms like cheques, payment orders and credit cards as permitted, but then adds …
Simon Sharwood, 30 Oct 2017
Losing money

Tezos crypto and $232m initial coin offering risks implosion – reports

If you threw money at the blockchain startup Tezos during its $232m initial coin offering fundraising round in July, here's something you can learn for future investments. ICOs are a popular fundraising method for cryptocurrency where you buy tokens to access new networks, and you can make bank* if their value skyrockets. But …
Andrew Silver, 19 Oct 2017
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
A handful of euro 1 cent coins

More and more websites are mining crypto-coins in your browser to pay their bills, line pockets

Updated Sketchy websites are increasingly using cryptocurrency mining as a source of income. CoinHive – the most prevalent cryptocurrency mining code provider – and its clones are becoming an alternative to dodgy advertising affiliate programs and survey scams in many cases. More than 220 websites – mostly porn sites and torrent …
John Leyden, 13 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, photo via Shutterstock

Russia to block access to cryptocurrency exchanges' websites – report

Updated Russia has announced a ban on the websites of cryptocurrency exchanges. Russian Central Bank First Deputy Governor Sergei Shvetsov said today that the country would block access to websites offering "dubious" crypto-coinage, Reuters reports. China banned initial coin offering cryptocurrency fundraising schemes last month. …
Andrew Silver, 10 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
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

The architecture for sharing tokens across blockchains promises traction

In April, the Cosmos project raised about $17m in half an hour on the promise to someday let users freely share tokens among Bitcoin, Ethereum and other popular blockchain protocols. On Friday at the Global Blockchain Summit in Shanghai, China, the Switzerland-based nonprofit behind it committed that Ethereum support is high …
Andrew Silver, 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 crypto-currency 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, …

Another banking trojan is trying to loot your cryptocurrency wallets

Researchers have discovered a new variant of banking trojan that targets cryptocurrency wallets instead of traditional accounts. Coinbase, the cryptocurrency exchange site targeted in part by the latest Trickbot variant, manages multiple currencies thus offering crooks a wider platform for abuse once they succeed in harvesting …
John Leyden, 30 Aug 2017

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