Analysts track cryptocurrency scammer who stole from 10K Dogecoin fans

October 19, 2018 Editor 0

An online scammer is targeting the popular cryptocurrency, Dogecoin. To date, more than 10,000 individuals have been hit by the operation, with overall losses amounting to some $24,000. Russia-based cybersecurity firm Doctor Web fingered the perp in a recent blog, spotted by BleepingComputer. Analysts have been tracking the suspicious activity of a particular cryptocurrency criminal, who has been using a wide array of malware and other methods to gain illegal income. Security researchers bestowed our scumbag friend a few nicknames: Investimer, […]

US authorities to auction off nearly $4M in confiscated Bitcoin

October 19, 2018 Editor 0

The American government is again showing that it has no interest in hodling, and is auctioning off over 600 BTC. The US Marshals Service (USMS) announced yesterday the auction will be taking place between 8am and 2pm EST on November 5th. Oh, the irony. Nope? Just me then. The Bitcoin being auctioned has been confiscated and seized from a number of federal, civil, and administrative cases. Before you start rummaging through your savings to make a bid, there are a […]

Legendary cypherpunk declares cryptocurrency is failing its creators

October 19, 2018 Editor 0

As cryptocurrency falls further into the hands of the mainstream, it falls further away from its creators, the cypherpunks. Earlier today, CoinDesk published an in-depth interview with Timothy May, one of the founding members of the cypherpunk movement. In the interview, May highlights how the ideology that spurred the creation of Bitcoin is slowly being eroded. After asking May a few questions, CoinDesk received “a sprawling 30-page evisceration of a technology industry [May] feels is untethered from reality.” Blockchain is […]

North Korean hacker crew steals $571M in cryptocurrency across 5 attacks

October 19, 2018 Editor 0

North Korean hacking outfit “Lazarus” is the most profitable cryptocurrency-hacker syndicate in the world. Since 2017, internet baddies have in total stolen $882 million worth of cryptocurrency from online exchanges, but none have done it quite as well as the infamous North Koreans. World-renowned cybersecurity unit Group-IB is prepping to release its annual report on trends in hi-tech cybercrime. A summary obtained by Hard Fork details 14 different attacks on cryptocurrency exchanges since January last year and calculates the state-sponsored […]

TicketMaster discovers blockchain, buys Ethereum-powered app

October 18, 2018 Editor 0

TicketMaster, the most globally recognized company in events ticketing, has given into the hype and bought a startup specializing in blockchain-based ticketing solutions. Announced today, TicketMaster now owns Upgraded Inc., an American software firm responsible for creating a nifty smartphone app that authenticates event tickets using Ethereum technology. Essentially, Upgraded generates dynamic barcodes powered by smart contracts, which venues and ticket-holders can scan to ensure they don’t fall victim to scalpers and other fraudsters. According to the release, TicketMaster believes […]

Malta: Two-thirds of cryptocurrencers fail multiple-choice licensing exam

October 18, 2018 Editor 0

Malta is fast becoming an international hot-spot for blockchain entrepreneurs, but reports have indicated two-thirds of applicants failed the licensing exam for operating cryptocurrency-related businesses. The shitty pass rates come even after Malta’s Institute of Financial Service Practitioners made last-minute changes to the marking scheme to boost the number of licenses it could award, Times of Malta reports. As part of Malta’s new Virtual Finances Assets Act, cryptocurrency and blockchain businesses are required to be licensed to launch initial coin […]

You can now buy Elon Musk’s ‘Not A Flamethrower’ with Bitcoin

October 18, 2018 Editor 0

There’s something fitting about an Elon Musk business accepting Bitcoin, because, you know, they’re about as stable as each other. I’m here all week. That’s right, you can now buy the Boring Company’s Not A Flamethrower (from here on out, referred to as just a flamethrower) with not only Bitcoin, but a range of other cryptocurrencies. Specifically, Ethereum, Litecoin, and Bitcoin Cash. The website was recently updated to allow this and it has the cryptocurrencies listed alongside more traditional payment […]

NatWest to become world’s first bank to use blockchain for loan management

October 18, 2018 Editor 0

Even though blockchain was originally developed to replace conventional banks, it seems they might also have uses for the decentralized technology too. NatWest just announced in a press release that by next month, it’ll be the world’s first bank to use blockchain to manage syndicated loans. $3.5 trillion in syndicated loans brokered in 2017 Syndicated loans are more simple than they might sound. In cases where the risk of lending is too large for one entity to shoulder on their […]

Tencent and Huawei lead Chinese companies in building coinless ‘Ethereum-killer’

October 18, 2018 Editor 0

A consortium backed by major Chinese corporations Tencent and Huawei will debut its new open source “blockchain ecosystem” FISCO BCOS at the Singapore Fintech Festival next month. BCOS is geared towards providing enterprise-grade distributed ledger (DLT) solutions. Much like the Ethereum-based Hyperledger Fabric, its completely coinless. This makes BCOS more of a set application templates geared towards businesses looking to adopt DLTs than a single ‘traditional’ blockchain. Behind the new platform is China’s Financial Blockchain Shenzhen Consortium (FISCO) task force, which features more than 100 members, spearheaded by major […]

India’s largest Bitcoin exchange moves to Malta to escape regulation

October 18, 2018 Editor 0

Zebpay, once India’s largest cryptocurrency exchange, is moving operations to Malta after having shut shop on its home turf last month. The exchange, which currently supports 20 cryptocurrencies, will serve users in 20 countries across Europe: Malta Belgium Bulgaria Croatia Cyprus Czech Republic Denmark Finland France Germany Greece Hungary Ireland Italy Latvia Netherlands Poland Portugal Slovenia Sweden Unfortunately, the exchange won’t be accessible to users in India. The company had no choice but to leave India shores following strict regulations […]