Articles about cryptocurrency

Cyber-coin crackdown continues: Commission charges couple crypto-currency company chiefs concerning 'conned' customers

The US Commodity Futures Trading Commission (CFTC) is the latest financial watchdog to haul into court companies in the virtual currency space. On Friday, the CFTC, which oversees the derivatives markets in America, announced a pair of civil lawsuits against businesses it claims defrauded customers out of their hard-earned …
Shaun Nichols, 20 Jan 2018
Oracle

And Oracle E-biz suite makes 3: Package also vulnerable to exploit used by cryptocurrency miner

A third Oracle enterprise package has been patched against a crypto-mining exploit. Security outfit Onapsis warns that Oracle E-Business Suite (EBS) is vulnerable to the cryptocurrency miner exploit that was recently used to hack Oracle's PeopleSoft and WebLogic servers. Campaigns based on these security shortcomings have …
John Leyden, 18 Jan 2018

Crypto-cash exchange BitConnect pulls plug amid Bitcoin bloodbath

Amid a cryptocurrency price correction that has seen the price of Bitcoin drop by half from its mid-December peak, UK-based cyber-cash lending and exchange biz BitConnect said it is shutting down. The firm, dogged by accusations that it is a Ponzi scheme, cited bad press, regulatory orders, and cyber attacks for its market …
Thomas Claburn, 18 Jan 2018
KFC Canada's bitcoin bucket

Junk food meets junk money: KFC starts selling Bitcoin Bucket

KFC’s Canadian wing has started selling chicken for Bitcoin. The artery-clogging Bitcoin Bucket “Includes 10 Original Recipe Tenders, Waffle Fries, Med Side, Med Gravy and 2 Dips,” at a cost of however many Bitcoin equates to CA$20. KFC Canada’s page for the promotion helpfully includes live updates of that sum in Bitcoin. …
Simon Sharwood, 15 Jan 2018
Pile of coins toppled

Cryptocurrencies to end in tears, says investor wizard Warren Buffett

Famed investor Warren Buffett has predicted a nasty landing for cryptocurrencies. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," the chairman and CEO of Berkshire Hathaway told CNBC in an interview. Later in the interview he added: "I think what is going on will …
Simon Sharwood, 11 Jan 2018
Dodgeball's 'Bold Strategy' scene

Good lord, Kodak's stock is up 120 per cent. How? New film? Oh. It launched a crypto-coin

Camera film relic Kodak is trying to reinvent itself in the most 2018 way possible: by launching its own cryptocurrency. The imaging company says its new make-believe money, named KODAKCoin, will be pitched as a way for photographers to issue and collect royalty payments. The idea is that shutterbugs will use the KodakOne …
Shaun Nichols, 9 Jan 2018

Oracle WebLogic hole primed to pump Monero

An Oracle WebLogic vulnerability fixed in October last year is being exploited on unpatched machines to mine Monero, a cryptocurrency, and other lesser-known imaginary coins. Writing for the the SANS Technology Institute, Renato Marinho, chief research officer at Morphus Labs, on Monday said a recently disclosed software bug …
screenshot of coffee miner code

How to hack Wi-Fi for fun and imprisonment with crypto-mining inject

Thanks to the ridiculous valuation of Bitcoin and other cryptocurrencies, cryptomining code has become a common mechanism for converting authorized and stolen computing cycles into potential cash. Antivirus and ad-blocker makers have responded by trying to halt crafty coin-crafting code from hijacking CPU time, particularly in …
Penguin on Galapagos... chain in the foreground

Hyperledger 3 years later: That's the sound of the devs... working on the chain ga-a-ang

The Linux Foundation’s Hyperledger project was announced in December 2015. When Apache Web server daddy Brian Behlendorf took the helm five months later, the Foundation’s blockchain baby was still embryonic. He called it “day zero.” Driving Hyperledger was the notion of a blockchain, a distributed ledger whose roots are in …

UK reaches peak Bitcoin as bin firm accepts cryptocurrency

People have bin going mad for Bitcoin lately and, as it appears some refuse to see sense, companies are queueing up to get on the bandwagon. The latest evidence that the cryptocurrency frenzy has reached fever pitch is a York-based bin company that has started accepting payment in virtual currencies. No, we're not talking …
Rebecca Hill, 18 Dec 2017
Reserve Bank of Australia. Image: TK Kurikawa, Shutterstock

Australian central bank says 'speculative mania' and crime fuel Bitcoin

The governor of the Reserve Bank of Australia has opined that cryptocurrencies are most useful “to those who want to make transactions in the black or illegal economy, rather than everyday transactions” and concluded that current enthusiasm for the instruments therefore “feels more like a speculative mania than it has to do with …
Simon Sharwood, 13 Dec 2017
Coal miners

Up to 'ONE BEEELLION' vid-stream gawpers toil in crypto-coin mines

Security experts claim four extremely popular video-streaming websites have been secretly loaded with crypto-currency-crafting code. According to AdGuard, the massive Monero-mining operation was discovered when ad-blocking plugin developer was fine-tuning its ad blockers to catch and block sites that attempt to hijack web …
Shaun Nichols, 13 Dec 2017
Pile of coins toppled

SEC sends ICO for restaurant app Munchee back to the kitchen

The US Securities and Exchange Commission has intervened to stop an initial coin offering (ICO) that attempted to raise US$15m for a restaurant review app named "Munchee". The regulator served Munchee Inc. with a cease and desist order [PDF] to halt the offering on grounds it was an unregistered security. Munchee tried to …
Shaun Nichols, 13 Dec 2017
starbucks

Argy-bargy Argies barge into Starbucks Wi-Fi with alt-coin discharges

Starbucks has joined the long growing list of organizations that have inadvertently and silently mined alt-coins on customers' computers for mystery miscreants. A sharp-eyed quaffer in a branch of the frothy-coffee-flavored-milk franchise noticed that when he signed on to the cafe's free Wi-Fi service something was amiss. …
Iain Thomson, 12 Dec 2017
An error page trying to access Bitfinex

Bitcoin price soars amid technical troubles for exchanges

The price of Bitcoin (BTC) continued to soar on Thursday, creating chaos among those trying to buy and sell the cryptocurrency currency due to service trouble at several exchanges. In the past 24 hours, Bitcoin surged from around $12,700 up beyond $16,500, a new high, before retreating to around $15,500 by mid-morning Pacific …
Bitcoin ban

Games-mart Steam halts Bitcoin payments

Online games-mart Steam has stopped accepting Bitcoin payments. A Wednesday post from the service said the cryptocurrency's volatility made it just too hard to use. “Historically, the value of Bitcoin has been volatile, but the degree of volatility has become extreme in the last few months, losing as much as 25% in value over …

NiceHash diced up by hackers, thousands of Bitcoin pilfered

Cryptocurrency mining market NiceHash says it has fallen victim to a hacking attack that may have resulted in the loss of its entire Bitcoin wallet. The marketplace, where users can buy and sell their computing cycles to mine cryptocurrency, issued a statement Wednesday afternoon confirming that it had indeed fallen victim to …
Shaun Nichols, 6 Dec 2017
Pennies in a jar. Photo via Shutterstock

Loose-change payment network Microraiden launches on Ethereum

A new micropayments technology called Microraiden has launched on the Ethereum blockchain's main network. Microraiden is one of the strategies to help solve a teensy-weensy problem with Ethereum – quickly processing a large number of transactions. Every time a transaction is made on the Ethereum network, every node of the …
Andrew Silver, 1 Dec 2017

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