Articles about cryptocurrency

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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Hackers scam half a million from Enigma digital currency investors

Cunning hackers have successfully duped investors out of almost $500,000 after compromising the servers of the online currency platform Enigma. The organization, set up by MIT whiz kids and due to launch its new cryptocurrency on September 11, had its website, email servers and Slack channel hacked. The attackers then used …
Iain Thomson, 21 Aug 2017
bitcoen screenshot

At last, a kosher cryptocurrency: BitCoen

Viacheslav Semenchuk, a Russian entrepreneur, has just launched a cryptocurrency for Jews. Similar in concept to Bitcoin, it is called BitCoen, "the first Kosher cryptocurrency," as described on the company's Russian website. In the US, Coen and its variant Cohen are common surnames in the Jewish community; in Hebrew, they …
Thomas Claburn, 10 Aug 2017

Go fork yourself: Bitcoin has split in two – and yes, it's all forked up

Bitcoin split into two separate currencies on Tuesday because part of the Bitcoin community isn't happy with recent and planned changes to the code that controls the cryptocurrency. Bitcoin.org last month warned of a potential split if consensus couldn't be reached on efforts to help Bitcoin scale better. Part of the effort, …

Don't panic, but your Bitcoins may just vanish into the ether next month

The community-driven organization overseeing Bitcoin on Wednesday warned that any Bitcoins received after Monday, July 31, 2017 at GMT-0700 may vanish into thin air or be rejected as invalid. Bitcoin.org said that at the end of the month, Bitcoin confirmation scores – a number that represents the difficulty of altering the …
Thomas Claburn, 13 Jul 2017
Raspberry Pi Official Case

Raspberry Pi sours thanks to mining malware

Anti-virus vendor Dr. Web has found something nasty: malware named “Linux.MulDrop.14” that turns the Raspberry Pi into a cryptocurrency mining machine. To catch the malware you'll need to leave your rPi on with SSH ports open. If you've done so and the malware's scripts make their way in to your Pi, they'll install zmap, …
Simon Sharwood, 13 Jun 2017

Cryptocurrency miner found armed with same exploits as WannaCrypt

The now infamous Windows vulnerability (MS17-010) exploited by the WannaCrypt ransomware has also been abused to spread another type of malware, specifically a cryptocurrency miner. The Adylkuzz campaign predates WannaCry by severals day and may even have limited the spread of last week’s WannaCry infection, according to …
John Leyden, 16 May 2017
European commission photo via Shutterstock

Europe wants end to anonymous Bitcoin transactions

The European Commission (EC) wants to end anonymous trading in virtual currencies in order to help track terror groups's funding. The EC yesterday published an Action Plan to strengthen the fight against the financing of terrorism (PDF) that says criminals are quick to seek out new ways of moving money that offer lower risk of …
Bitcoin is the future of money CC 2.0 by Jonathan Waller https://www.flickr.com/photos/whitez/

BTC dev: 'Strangling' the blockchain will kill Bitcoin

The destiny of Bitcoin, like that of Apollo 13, shall never be realised, at least according to one of the cryptocurrency's most well-known developers, who has announced that "the experiment has failed". Mike Hearn was a senior software engineer at Google up until 2014, when he left to focus his full-time attention on Bitcoin …
Prison

Alleged $32m Gemcoin crypto-bucks scam busted by Feds

The US Securities and Exchange Commission (SEC) says it has broken up an investment scam that defrauded citizens out of $32m by promising to mine minerals out of the ground – and pay out profits in cryptocurrency. The SEC has lobbed fraud charges at Steve Chen and 13 companies associated with Chen, alleging he raised $32m by …
Shaun Nichols, 2 Oct 2015
Dogecoin

Chap slapped in Dogecoin crap app flap

The FTC settled with an app developer accused of hijacking smartphones for digital currency mining. The Commission filed a complaint last week against an app developer who was said to have surreptitiously embedded an application with malware that used victim's handsets to perform virtual currency mining without their knowledge …
Shaun Nichols, 29 Jun 2015
Bank vault

Bank of England could mint own brand of Bitcoin

The Bank of England (BoE) has issued a piece of research suggesting, among other things, that it may not be a bad idea for it and other central banks to issue digital currencies. The “One Bank Research Agenda Discussion Paper” is the BoE's attempt to kick-start new banking thinking. The paper therefore considers five themes, …
Simon Sharwood, 26 Feb 2015
Riecoin

Cryptocurrency cruncher cranks prime number constellation

Bitcoin mining, our own Simon Rockman wrote last January, “is essentially a brute-force attack on the generating algorithm”. “Bitcoin, and all the other alt-coins, is training a skillset for building password-cracking hardware that is both powerful and portable,” he wrote. It looks like cryptocurrencies are also helping to …
Simon Sharwood, 28 Nov 2014
Our plucky Playmonaut celebrates his riches with a bevy of beauties

NXT: The first SPAAAACE cryptocurrency

It's fair to say that our Low Orbit Helium Assisted Navigator (LOHAN) mission has attracted a broad spectrum of sponsors, and among those who've climbed aboard is NXT, which aims to be the first cryptocurrency into space, or at least the stratosphere. NXT is a Bitcoin rival launched in 2013, "currently positioned at #5 by …
Lester Haines, 20 Nov 2014
Nyancoin logo

Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash

Dell has started accepting Bitcoin as payment for stuff. The PC giant, which notches up about $60bn in annual sales, said on Friday it is testing a feature that lets customers pay for gear with cryptocurrency. "We’re piloting bitcoin, the world’s most widely used digital currency, as a purchase option on Dell.com for consumer …
Jack Clark, 18 Jul 2014
BitPay Bowl

US footballers set to vie for BITCOIN BOWL

The cryptocurrency world has struck another high-profile sponsorship deal: this year two US college football teams will compete in the Bitcoin Bowl. Payments firm BitPay says that it had agreed to sponsor the game for three years, this year to be played on December 26 in St. Petersburg, Florida. The sponsorship deal will …
Shaun Nichols, 19 Jun 2014
Dogecoin

Dogecoin off the leash after Doge Vault admits server attack

Cryptocurrency exchange Doge Vault has confirmed it has lost about seventy per cent of Dogecoin it held on its customers' behalf. The outfit has updated its website to say “It is believed the attacker gained access to the node on which Doge Vault’s virtual machines were stored, providing them with full access to our systems …
Simon Sharwood, 16 May 2014

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