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The best way to make money out of Libra? Put a bet on it not launching on time
Facebook’s digital currency Libra is looking less and less likely to launch next year as originally planned. Policy expert, Angela Walch from University College London’s Centre for Blockchain Technologies told Quartz: “The odds that Libra receives regulatory approval anytime soon (ie, in the next six-12 months) are quite low. äàëüøå »
2019-7-25 15:44
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TRON’s Justin Sun confirms he’s a ‘big-mouthed over-marketer’ in Warren Buffett lunch apology
Justin Sun, the founder of cryptocurrency platform TRON, has issued a public apology after postponing a highly publicized charity lunch with billionaire Warren Buffett. And it seems Sun is finally becoming aware of his “over-marketed hype. äàëüøå »
2019-7-25 13:22
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Survey finds adults couldn’t care less about Facebook’s Libra ‘cryptocurrency’
Facebook Libra’s potential to help cryptocurrency go mainstream has been touted in recent weeks, but recent survey results indicate otherwise. According to a poll conducted by CivicScience, which looked into general interest and public concerns surrounding Libra following the announcement of its launch, only five percent of 1,799 US adults surveyed expressed any level of interest in the proposed digital currency. äàëüøå »
2019-7-24 19:09
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Nobody knows when Bitcoin Satoshi Vision’s hard fork for 2GB blocks starts
Fledging blockchain Bitcoin Satoshi Vision (BSV) is ready for a “hard fork” upgrade to increase the size limit of its blocks from 128MB to 2GB — but there’s confusion over when it’s actually supposed to occur. äàëüøå »
2019-7-24 17:51
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Ripple Q2: Market share is down, but price is up – here’s what happened
Cryptocurrency and blockchain were built to usurp centralized authorities like governments and banks. And then came Ripple, a corporate and institutional reimagining of what a digital currency should be and do. äàëüøå »
2019-7-24 17:00
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The New York Times wants to fight fake news using blockchain – good luck to it
Combating fake news, deepfakes, and misinformation is one of modern journalism’s biggest challenges. There have been numerous attempts to help readers recognize when a source shouldn’t be trusted. äàëüøå »
2019-7-24 15:25
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Unsuspecting victims were cryptojacked 52.7 million times in the first half of 2019
Criminals made a staggering 52. 7 million cryptojacking hits during the first six months of the year. According to the latest research from SonicWall, cryptojacking activity rose by 9 percent between January and June 2019 when compared to levels seen in the last six months of 2018. äàëüøå »
2019-7-24 13:01
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New York financial regulator sets up new division to police cryptocurrency businesses
The New York State Department of Financial Services has announced the launch of a new division which will absorb the regulator’s current department that oversees cryptocurrency businesses in the state. äàëüøå »
2019-7-24 11:02
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Bitcoin SV Hard Fork To 2 GB Blocks Will Force Centralization, Say Critics
Bitcoin Cash spin-off, Bitcoin SV (BSV), is preparing to stage its own hard fork to allow for giant blocks of transactions weighing in at up to 2 gigabytes. Bitcoin SV: Blockchain Reorgs ‘Original Feature’ On July 24, the altcoin known as Bitcoin Satoshi’s Vision will carry out a protocol upgrade dubbed ‘Quasar. äàëüøå »
2019-7-23 19:00
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Vicious malware threatens to turn search engine into crypto-mining zombie botnet
Enterprise search engine Elasticsearch is under threat of being turned into a sophisticated cryptocurrency mining botnet to be used in distributed denial of service (DDoS) attacks. Cybersecurity firm Trend Micro describes a new malware strain that launches multi-stage attacks on publicly accessible databases and servers that run old versions of Elasticsearch software. äàëüøå »
2019-7-23 17:54
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Facebook forced to take action against fraudsters peddling fake Libra
It’s barely been a month since Facebook unleashed its cryptocurrency Libra into the wild and published its whitepaper. But already, the social media giant has been forced to address a growing number of fake communications associated to its digital asset. äàëüøå »
2019-7-23 14:44
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Federal judge refuses to dismiss $224M lawsuit against AT&T for SIM-swap bungle
A US federal judge has rejected AT&T‘s request to dismiss a $224 million lawsuit over a devastating SIM-swapping incident that led to $24 million in stolen cryptocurrency. A press release confirms the communications giant will face court over allegations it violated the Federal Communications Act, a consumer contract, as well as several other laws, when hackers assumed the identity (and telephone account) of cryptocurrency investor Michael Terpin in 2017. äàëüøå »
2019-7-23 13:05
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UK watchdog warns financial advisors of fake Bitcoin email campaign
Con artists will try anything to make their schemes appear legitimate to unwitting victims. In a recent email doing the rounds to financial advisors, scammers have been impersonating the UK‘s Financial Conduct Authority (FCA) luring victims into a trap with Bitcoin. äàëüøå »
2019-7-23 11:12
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Moonday Morning: South Korea lost $2.3 billion to cryptocurrency crimes over last 2 years
Welcome to Monday, and welcome to another Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines. Let’s take a look. 1. Damage from cryptocurrency-related crimes in South Korea over the last two years is estimated to be $2. äàëüøå »
2019-7-22 11:04
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Satoshi Nakamoto left Bitcoin because of the CIA, a theory
Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and info to keep you up to date in the Bitcoin and cryptocurrency world. Bitcoin‘s pseudonymous creator Satoshi Nakamoto has been noticeably absent for most of its existence. äàëüøå »
2019-7-19 17:59
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Australian retirees lose their $900,000 pension fund in cryptocurrency scam
A retired couple in Australia have reportedly lost $900,000 to an elaborate cryptocurrency scam. Mike and Karen Taylor were traveling around Australia in a camper van when they fell for the online scam. äàëüøå »
2019-7-19 16:46
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US watchdog preps BitMEX probe over alleged illegal cryptocurrency trade
Cryptocurrency exchange BitMEX is being investigated by the US Commodity Futures Trading Commission (CFTC). According to Bloomberg, which cites people familiar with the matter, the CFTC is looking into whether BitMEX broke the rules by allowing American customers to trade on the platform, which is not registered with the agency. äàëüøå »
2019-7-19 15:06
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Binance suddenly finding $775,000 in XLM is totally not a publicity stunt
Prominent cryptocurrency exchange Binance has apparently stumbled upon almost 10 million Stellar (XLM) tokens, worth $775,000 — you know, just laying around. According to a Binance blog post, the firm had been unknowingly receiving dividends for validating transactions on the Stellar network since August 31 2018. äàëüøå »
2019-7-18 18:56
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Report: Bitcoin outperformed all other coins in Q2 2019
Bitcoin’s market prowess grew by 10. 4 percent during Q2 2019. According to CoinGecko’s Quarterly Report for Q2 2019, the world’s most famous cryptocurrency increased its dominance from 54. 6 percent to 65 percent during the specified time period. äàëüøå »
2019-7-18 16:17
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‘Trust’ was mentioned 69 times at Facebook’s Libra Senate hearing – nice
In the 220-minute-long Senate hearing where Facebook’s head of Calibra, David Marcus, was grilled on the company’s “cryptocurrency” plans, the word trust was mentioned every two minutes on average, working out to 69 times in total. äàëüøå »
2019-7-18 14:28
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Israeli hacker allegedly stole $1.7M in cryptocurrency from Europeans
A cybercriminal from Israel is facing a long list of felonies associated with the supposed theft of $1. 7 million (6. 1 million NIS) in various cryptocurrencies. The perp, 31-year old Eliyahu Gigi from Tel Aviv, reportedly stole Bitcoin, Ethereum, and Dash from various foreigners, including Belgians, Dutch, and Germans, Israeli news reports. äàëüøå »
2019-7-18 11:18
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3 Major Changes for Beam Scheduled as Part of the Hard Fork
Given the vast number of different cryptocurrency projects on the market, it becomes increasingly difficult to keep tabs on everything. For fans of the Beam project, there is an important hard fork coming up in a few weeks from today. äàëüøå »
2019-7-18 00:00
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Find out how long until John McAfee must eat his own dick (cos Bitcoin)
Two years have passed since cybersecurity wild-man John McAfee first told the world he would eat his own dick if his Bitcoin price prediction didn’t come true — and things still aren’t looking good. äàëüøå »
2019-7-17 17:32
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Here are the Senate’s sickest burns dished out to Facebook’s Libra
Facebook‘s digital currency, Libra, has been causing a bit of a ruckus lately. Since its plans became public a few weeks ago, headlines have largely been awash with why it’s probably a bad idea. äàëüøå »
2019-7-17 16:16
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French government to create ‘ICO white list’ with new regulations
While the world is looking at Facebook’s Libra and its recent senate hearing, France is knuckling down and is set to approve the first wave of cryptocurrency businesses under new legislation. Under the rules, cryptocurrency-related firms will voluntarily abide by a regulatory framework that requires them to pay tax, provide consumer protection, and meet capital requirements, Reuters reports. äàëüøå »
2019-7-17 11:21
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55,000 cryptocurrency users affected in Bitpoint’s $28 million hack
Embattled cryptocurrency exchange Bitpoint has revealed that roughly half of its 110,000 users were affected by last week’s $3. 02 billion yen ($28 million) hack, reports The Mainchi. Speaking at a Tokyo press conference, Bitpoint president Genki Oda noted that of the 3. äàëüøå »
2019-7-16 15:47
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$840,000 Bitcoin ransom plot foiled, kidnapped crypto traders rescued
Police in India have rescued three people, including two cryptocurrency traders, that were held to ransom for two weeks to the sum of 80 Bitcoin ($840,000). At 2. 30am on Sunday, a man with a pistol was spotted outside Shankara Residency in Bhankrota. äàëüøå »
2019-7-15 17:49
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UK drafts collaborative plan to crack down on cryptocurrency crime
The UK government is seeking to crack down on the use of crypto assets for money laundering or other illicit activities. To do so, the government has published the Economic Crime Plan, agreed between the Chancellor Philip Hammond, Home Secretary Sajid Javid, and heads of law enforcement, major financial institutions and legal, accountancy and property organisations. äàëüøå »
2019-7-15 14:54
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MyDashWallet was compromised for 2 MONTHS — users, move your cryptocurrency
MyDashWallet, a service that purports to be the fastest way of using DASH cryptocurrency, has revealed its platform was compromised for two whole months, and is now urging users to move their funds as soon as possible (if they’re still there). äàëüøå »
2019-7-15 13:53
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Bitpoint exchange loses $32 million worth of cryptocurrency in hot wallet hack
Japanese cryptocurrency exchange Bitpoint has been hacked, resulting in the loss of $32 million worth of various digital currencies, Bloomberg reports. The majority of funds lost (approximately $23 million) belonged to customers, while the rest were owned by the exchange. äàëüøå »
2019-7-12 14:30
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Donald Trump’s critique of Bitcoin is antiquated and irrelevant
US President Donald Trump, known for his complicated relationship with technology and his incessant need to share his ill-advised thoughts with the world, has admitted he’s not a fan of cryptocurrency. äàëüøå »
2019-7-12 13:25
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Bitmain lost $150,000 because it mined an invalid Bitcoin block
Bitmain-owned mining pool Antpool appears to have squandered at least $150,000 worth of Bitcoin mining rewards, reports BitMEX Research, the analytic arm of cryptocurrency exchange BitMEX. At 14:35 UTC, June 10, the Bitcoin network rejected a block after it had been mined, which effectively cancelled the 12. äàëüøå »
2019-7-11 17:19
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Canada relaxes rules for cryptocurrency exchanges despite ongoing QuadrigaCX saga
Reassurance for Canadians: Cryptocurrency exchanges across the nation will now only have to report transfers of more than CA$10,000 ($7,663). It comes after the Canadian government relaxed some of its new anti-money laundering regulations following feedback from payment service providers and cryptocurrency exchanges. äàëüøå »
2019-7-11 15:50
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Furious Bitcoin scam victims torch alleged Ponzi mastermind’s house
Angry victims have looted and torched the home of a man who reportedly operated an alleged Bitcoin Ponzi scheme in South Africa. Firefighters in Ladysmith, approximately 365 kilometres south of Johannesburg, were called to Sphelele “Sgumza” Mbatha’s house on Wednesday afternoon after several angry citizens set the building on fire. äàëüøå »
2019-7-11 13:23
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Fraudsters fined $360,000 for running bogus Bitcoin trading ring, impersonating CFTC
A Texas federal court has granted a motion for a default judgement against two individuals who solicited money by fraudulently representing the US Commodity Futures Trading Commission (CTFC) in a bid to extract Bitcoin from investors. äàëüøå »
2019-7-11 11:49
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Winkevoss twins consider joining Facebook’s ‘cryptocurrency’ despite beef with Zuckerberg
The Winklevoss brothers, co-founders of cryptocurrency exchange Gemini and renown for their well-documented legal battle with Facebook, are seemingly willing to ‘get into bed’ with the tech giant in an attempt to spread the adoption of digital currencies. äàëüøå »
2019-7-11 19:28
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Shitposters are using sophisticated Bitcoin satellites to troll each other
Since December, a sophisticated set of satellites has beamed the entire Bitcoin blockchain to Earth to enable use of the network without an internet connection — but cryptocurrency fans are now harnessing its power to viciously troll each other. äàëüøå »
2019-7-11 16:32
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‘Bitcoin is digital gold’ meme becomes real as BTC and gold markets align
Bitcoin is often called “digital gold,” pitched as an alternative to the real thing. In 2019, the meme is actually real, as the two assets have performed almost identically over the past 30 days. äàëüøå »
2019-7-9 16:27
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This site shows how much your favorite athletes make… but in Bitcoin
Are you tired of checking the price of your cryptocurrency fortune every hour or so? We might have the perfect distraction for you: a website that shows the salaries of some of the world’s most popular athletes… but in Bitcoin. äàëüøå »
2019-7-9 12:15
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US tip-off leads to arrest after man buys child abuse imagery with cryptocurrency in Australia
An Australian man has been charged after authorities linked him to a cryptocurrency account used to buy child exploitation material. An investigation, following a tip off from US authorities in December last year, traced the account back to a 27-year-old man from Sydney. äàëüøå »
2019-7-9 12:09
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Binance hackers suddenly move $8 million worth of stolen Bitcoin
More than $8 million worth of Bitcoin stolen from cryptocurrency exchange Binance has suddenly moved. Earlier today, a combined 707.1 BTC was sent from one of the hacker… This story continues at The Next WebOr just read more coverage about: Bitcoin äàëüøå »
2019-7-9 18:49
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India addresses cryptocurrency scam wave with new police training course
High-ranking police officers in India will receive cryptocurrency training to help with investigations involving digital currency. The country’s national police academy – the Sardar Vallabhbhai Patel National Police Academy (SVP NPA) – has launched an educational course to help officers gain an understanding of how cryptocurrencies and blockchain technology work. äàëüøå »
2019-7-8 13:52
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Moonday Mornings: Bitcoin hash rate pumps while Iran says trading is illegal
Hello and welcome to another Monday and with that, another Moonday Morning – where we take a look at the weekend’s top cryptocurrency and blockchain news. Here’s Hard Fork’s selection of last weekend’s top stories: 1. äàëüøå »
2019-7-8 12:27
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Maduro orders Venezuelan bank to sell Petro cryptocurrency in latest pump attempt
Venezuela’s President Nicolas Maduro has ordered that every branch of the Banco de Venezuela should allow citizens to buy and trade El Petro, the state-issued cryptocurrency he’s so intent on pursuing. äàëüøå »
2019-7-5 13:54
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You can now buy shares in this brewery using cryptocurrency
Paying for coffee with Bitcoin is a common trope in the cryptocurrency industry, but what about beer? More specifically, what about buying shares of a beer company with Bitcoin? The edgy Scotland-based brewery BrewDog announced yesterday that it’s extending its current round of crowdfunding – what it calls, “Equity for Punks” – until April 2020, and is accepting Bitcoin and other cryptocurrencies in exchange for shares of its business. äàëüøå »
2019-7-5 10:45
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Tether Stablecoin: Can the Crypto Market Live Without It?
What will it take for the markets to escape Tether’s influence and can it do it at all?
äàëüøå »2019-7-4 21:15
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Monero security flaw could’ve seen XMR stolen from cryptocurrency exchanges
Privacy-focused altcoin Monero has suddenly disclosed nine security vulnerabilities — including one that could have allowed hackers to steal XMR from cryptocurrency exchanges. Until March, rogue Monero miners were hypothetically able to create “specifically-crafted” blocks to force Monero wallets into accepting fake deposits for an XMR amount chosen by the attacker. äàëüøå »
2019-7-4 18:18
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This Bitcoin money-laundering cartel was operating from inside a Florida prison
Authorities in Florida have busted an elaborate operation which saw prison inmates use Bitcoin to launder thousands of dollars via their commissary accounts. An investigation by Pasco County Sherriff’s Deputies revealed how inmates at the county jail were having money deposited into their commissary accounts using stolen credit cards. äàëüøå »
2019-7-4 15:46
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Meet the blockchain developer building 12 Lightning apps in 12 months
Devs love a challenge, and there’s a mountain of opportunity in Bitcoin and blockchain. One of the fastest growing areas of blockchain development is Bitcoin sidechain, the Lightning Network. To learn more about the possibilities that the Lightning Network offers, Hard Fork spoke to someone deep in the trenches: a developer who’s set himself the challenge to make 12 Lightning apps in 12 months. äàëüøå »
2019-7-4 14:56
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Ethereum still loved by dapp developers, but trails behind in active users
Ethereum might feature more decentralized apps (dapps) than any other blockchain, but its rivals are enjoying significantly higher usage. In fact, TRON dapps attracted more active users than any other network over the past three months, reports Dapp. äàëüøå »
2019-7-3 18:23
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