Articles about cryptocurrency

Dynamite illustration labelled Bitcoin

Bloke jailed for trying to blow up UK crypto-cash biz after it failed to reset his account password

A 43-year-old fella has been sentenced to six and a half years in prison for attempted murder – after sending a bomb to a British cryptocoin firm over its failure to reset his account password. According to London's Metropolitan Police Counter Terrorism Command, Jermu Michael Salonen, a resident of Gullspång, Sweden, sent a …

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

Crypto-jackers' best pal Monero resets the 'days since a critical bug' counter back to zero

Monero's developers have emitted their second software bug postmortem examination in a month – this time for a flaw miscreants could have exploited to burn through exchanges' digital cash. The organization behind the XMR cryptocurrency – favored by some crypto-jackers as well as legitimate netizens – explained on Tuesday the …
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
Some example Nim memory management code

Imagine Python fan fiction written in C, read with a Lisp: Code lingo Nim gets cash injection

Status.im, the makers of the Status mobile Ethereum client app, has allied with the team developing the Nim programming language, promising funding to support at least two full-time developers. The arrangement follows the launch last week of a research project called Nimbus to develop a Nim-based sharding client for Ethereum, …

'Unhackable' Bitfi crypto-currency wallet maker will be shocked to find fingernails exist

Pics A crypto-currency wallet heavily promoted as "unhackable" – complete with endorsements from the security industry's loopy old uncle John McAfee and a $350,000 bounty challenge – has, inevitably, been hacked within a week. The $120 Wi-Fi-connected Bitfi wallet is a hardware device that stores your crypto-coins and assets, and …
Coal miners

How polite: Fun-bucks coin miners graciously ease off CPU pounding

Cryptocurrency-mining malware writers are dialing back their use of your compute cycles in order to avoid detection. This is according to Johannes Ullrich, head of research at SANS, who today pointed out that malicious mining apps are scaling down activity and employing built-in encryption to make them harder for antivirus …
Shaun Nichols, 29 Jun 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
Canada

Canadian utility makes blockchain upstarts bid for their ravenous rigs' electricity supply

One of Canada's largest utilities is planning to make blockchain companies bid for access to electricity. Hydro Quebec says it will set aside a 500MW block of power that will be reserved for companies that are "using cryptography as applied to blockchain technology." Access to that block will be subject to a bidding process …
Shaun Nichols, 21 Jun 2018
Bitcoin ban

Apple: No currency mining for you in our App Store thank you

Apple has revised its App Store rules to place restrictions on cryptocurrency mining, storage and payment across apps it distributes. The rules change coincides with the company's introduction of beta versions of its forthcoming iOS, macOS, tvOS and watchOS releases at its annual developer conference. It also comes as Wells …
Thomas Claburn, 11 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
Bitcoin, photo via Shutterstock

Hacked serverless functions are a crypto-gold mine for miscreants

PureSec, a maker of security software for serverless apps, has been poking about various cloud service providers, and found that hosted functions offer a shortcut to illicit crypto-mining. Crypto-mining attacks that hijack processing power do best with mass distribution. Those who can harness large numbers of processors – CPUs …
Spectre logo jazzed up

A Spectre flaw solution, Cloudflare blips, a bank cyber-heist in Canada, and more in infosec land

Roundup While we were busy chasing SpamCannibals, jailing Yahoo hackers, and blaming North Korea for everything else, there was some interesting security news going on. Let's have a look at some of the stories that didn't quite make Reg headlines. Boffins float a (sort of) fix for Spectre bug A group of researchers from TU Dresden in …
Shaun Nichols, 2 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
Snake oil salesman

Real fake scam offers crypto-coin to replace frequent flier points

The United States Securities and Exchange Commission’s (SEC’s) ongoing efforts to crimp dodgy cryptocurrency dealings has seen it create a fake initial coin offering that, ironically, lures the credulous with an offer to replace one weird pseudo-currency – loyalty scheme points – with cryptocurrency. howeycoins.com claims to …
Simon Sharwood, 17 May 2018

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