Two new Bitcoin hacks have surfaced recently, showing the Electrum wallet still appears to be troubled by phishing efforts. Two Electrum software wallet users have recently reported the loss of large sums of Bitcoin (BTC). One victim described the disappearance of 1,400 BTC, totaling $14,595,000 at press time, while another claimed 36.5 BTC, worth $380,512, […]
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As the Ryuk ransomware continues to wreak havoc, tracking ransomware payments has become critical in stopping criminals from cashing out. There is still an element of the crypto “Wild West” in 2020, as cryptocurrency stolen through hacks and ransomware attacks is still being cashed out on major exchanges around the world. Ransomware attacks have proved […]
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‘Criminals cannot hide behind technology to break the law,’ a US attorney stated. One of the men responsible for moderating content on the now defunct AlphaBay darknet market will be in jail until 2031. According to a Sept. 1 statement from the U.S. Department of Justice, 26-year-old Bryan Connor Herrell was sentenced to 11 years […]
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Trading bots have become a major factor in the world of cryptocurrency, but are they potentially doing more harm than good? How to get involved? If using bots to automate your trades sounds like something you would be interested in exploring further, there are many resources available. You could certainly begin by digging into different […]
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An employee allegedly used his credentials at Shapeshift to steal from the company. Following the theft and repayment of $900,000 in Bitcoin (BTC), Shapeshift is now pursuing damages in court against its former senior software engineer, Azamat Mukhiddinov. “There was significant time lost and legal costs associated with the clean-up,” Shapeshift’s chief legal officer, Veronica McGregor, […]
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Will the political turmoil in Belarus put an end to the development of digital technologies and the financial freedom of its citizens? A political crisis, mass detention of peaceful citizens and internet blocking in Belarus are hitting the country’s IT sector hard. Amid this social turmoil, some companies are moving their offices and servers abroad, […]
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For the next generation internet to transition, a number of critical features must be implemented. Recent geopolitical events, such as President Trump’s order to ban TikTok and WeChat in the United States, have exemplified the imperative of decentralization. The next generation internet will empower individuals to own their data, exchange their wealth, and control their […]
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This is one instance where the ransomware gang got away with it. The University of Utah’s College of Social and Behavioral Science confirmed that they were hit by a ransomware attack on July 19. According to a statement issued by the University, the gang left many computers inaccessible for several hours as staff took servers […]
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Prysmatic Labs calls the Medalla testnet incident a “learning experience” and says the launch of ETH 2.0 can proceed as planned. Rumors of the death of the Medalla testnet have been greatly exaggerated says Prysmatic Labs’ editor Raul Jordan, who adds that despite the mishap, the launch timetable for ETH 2.0 remains on track. Medalla […]
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A former CSO is accused of trying to conceal Uber’s involvement in a 2016 data breach by paying the hackers $100K in Bitcoin. Joseph Sullivan, a former Chief Security Officer at Uber, allegedly tried to cover up a 2016 hack of sensitive data by funneling a hush money payment of $100,000 in Bitcoin through a […]
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