Articles about bitcoin

Bitcoin ban

Nvidia just can't grab a break. Revenues up, profit nearly doubles... and stock down 20%

Nvidia has turned in growth in revenue and profit, but has been punished for missing its guidance in the third quarter of its fiscal 2019, all amid a continuing sharp drop in demand from crypto-currency miners. Its stock fell as much as 20 per cent after it reported on Thursday: Revenue of $3.18bn, up 21 per cent year-on- …
Poison pill

StatCounter fingers cache-poisoning caper for Bitcoin-slurping JavaScript hijack

This week's hijacking of StatCounter's JavaScript to swipe Bitcoins from a crypto-coin exchange was the result of a web cache poisoning attack, apparently. The cyber-heist, in which a malicious snippet of JavaScript code was inserted into StatCounter's tracking script, which websites embed in their pages to monitor visitor …
Shaun Nichols, 8 Nov 2018

Dollar for dollar, crafting cryptocurrency sucks up 'more energy' than mining gold, copper, etc

Cryptocurrencies require as much, if not more, energy to mine as precious metals like copper, gold or platinum, according to some latest calculations. The figures were jotted down by Max Krause, a researcher at the Oak Ridge Institute for Science and Education, and Thabet Toloymat, an environmental engineer working in …

Hackers seed StatCounter with nasty JavaScript in elaborate Bitcoin cyber-heist caper

Updated One of the top traffic metrics websites on the internet is apparently being used by criminals to steal Bitcoins from a currency exchange. Researchers at ESET have found that the JavaScript used by StatCounter's analytics platform has been modified by miscreants so that when embedded into the pages of Gate.io, a cryptocurrency …
Shaun Nichols, 6 Nov 2018
A man with no money in his wallet

C'mon, if you say your device is 'unhackable', you're just asking for it: Bitfi retracts edgy claim

Bitfi finally and reluctantly retracted its unhackable claim last night in the face of a new cold boot attack. The John McAfee-backed hardware crypto-wallet firm got under the skins of security researchers by marketing its device as "unhackable" when it launched in July. The $120 Wi-Fi-enabled Bitfi wallet is a hardware …
John Leyden, 31 Aug 2018
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

As it turns out, no, you can't just run an unlicensed Bitcoin money exchange

A 21 year old man from Mexico is facing more than two-dozen money laundering charges in the US for running an unlicensed Bitcoin exchange. Jacob Burrell Campos was said to have shifted nearly $1m in funds by both buying and selling Bitcoins to people around the world. Campos, who lives in Mexico's Baja California state, was …
Shaun Nichols, 20 Aug 2018
Thumb down to Facebook

Facebook Messenger backdoor demand, bail in Bitcoin, and lots more

Roundup It's time for another rapid roundup of computer security news beyond what we've already reported. US prosecutors want Facebook Messenger crypto cracked Uncle Sam is demanding Facebook alter its Messenger software so that American g-men can easily snoop on suspected criminals, it is claimed. The social network is said to be …
Shaun Nichols, 18 Aug 2018
theft

Bitcoin backer sues AT&T for $240m over stolen cryptocurrency

A bitcoin investor is suing AT&T for $240m after it allegedly ported his phone number to a hacker, allowing the criminal to steal $24m in cryptocurrency. Michael Terpin is suing the phone giant [PDF] for the value of the three million electronic coins plus $216m in punitive damages after he claims an AT&T employee at a store …
Kieren McCarthy, 15 Aug 2018
Handwritten note on keyboard saying sorry with sad face

Please forgive me, I can't stop robbing you: SamSam ransomware earns handlers $5.9m

The enterprise-focused SamSam ransomware has earned its handlers an estimated $5.9m (£4.5m) since it first appeared in the wild in December 2015. Security software firm Sophos worked with Neutrino to arrive at the estimate, which is based on tracking Bitcoin addresses supplied on ransom notes and sample files. Over the last …
John Leyden, 31 Jul 2018
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 …

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