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Industry bigwigs explain ‘blockchain’ in as few words as possible
The blockchain and cryptocurrency industry is always changing. Every week there seems to be new legislation, new technological developments, or new scandals capturing the headlines. It can be tough trying to keep up with how it’s all developing. äàëüøå »
2019-6-19 13:19
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Flexer charged with trafficking Bitcoin-purchased drugs in Australia
A man who frequently flaunted his wealth on social media has been found guilty of importing and trafficking drugs purchased with Bitcoin on the dark web. Brendan Leigh Baker, 27, a former cafe owner in Canberra, was found guilty in the ACT Supreme Court this week. äàëüøå »
2019-6-19 13:04
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Crypto Twitter responds to the reality of Facebook’s Libra ‘cryptocurrency’
Following months of speculation, Facebook finally confirmed the release of Libra next year. The tech giant also unveiled details about Calibra, its corresponding custodial digital wallet, but failed to provide specifics about its launch plans. äàëüøå »
2019-6-18 18:25
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Facebook’s Libra ‘cryptocurrency’ is missing one thing: monetary policy
Facebook has outlined the economics of its new Libra cryptocurrency, revealing it will create a secondary token intended specifically to pay dividends to early backers. It’s called the Libra Investment Token, and it will only be available to members of the Libra Association (which maintains the network) and other accredited investors. äàëüøå »
2019-6-18 13:52
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Facebook will launch its Libra digital currency in 2020
Facebook has finally revealed plans to launch its new digital currency Libra next year. The tech giant said users would be able to use the coin through its apps and on Facebook-owned messaging service WhatsApp. äàëüøå »
2019-6-18 12:49
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British Bitcoin scammer nets $50M running fake Bitcoin trading site
A British Bitcoin scammer has admitted to a con that duped people, all over the world, out of $50 million. In US courts last week, the perpetrator, identified as 50-year old Renwick Haddow, admitted to running a fake Bitcoin trading platform that defrauded hundreds of investors form around the globe. äàëüøå »
2019-6-18 12:41
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‘Crypto Twitter’ anxiously awaits white paper for Facebook’s Libra cryptocurrency
Tomorrow, Facebook is expected to release full details of its new “cryptocurrency” project Libra — as always, Twitter has lots to say. Few concrete facts about Facebook‘s Libra (formally known as GlobalCoin) have been made public so far. äàëüøå »
2019-6-17 19:13
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Russians (not North Koreans) thought to be behind $530M Coincheck hack
The $530 million hack that blighted Japanese cryptocurrency exchange Coincheck in January 2018 may have been carried out by Russian hackers. A virus thought to be used in the hack has been found on employee computers and is linked to Russian hacker groups, the Asahi Shimbun reports. äàëüøå »
2019-6-17 17:22
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Google Play hosted phishing apps impersonating Turkish cryptocurrency exchange
Malicious apps impersonating Turkish cryptocurrency exchange BtcTurk are circumventing Google’s recently adopted security enhancing measures. According to researchers, the apps are accessing one-time passwords (OTPs) and SMS-based two-factor authentication (2FA), was well as some email-based 2FA systems. äàëüøå »
2019-6-17 15:43
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US authorities seize over $200,000 worth of Bitcoin in suspected drug ring
US authorities have seized more than $200,000 worth of Bitcoin after arresting three Boston-based men on charges of conspiring to sell drugs on the dark web. Binh Thanh Le, 22, Steven McCall, 23, and Allante Pires, 22, were each charged with conspiring to make and distribute MDMA, Ketamine, and Xanax. äàëüøå »
2019-6-17 13:17
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Bitcoin surpasses $9,000 setting another yearly record
Yet again, Bitcoin’s price is on the up, surpassing the $9,000 threshold for the first time this year. According to CoinMarketCap, the last time the market leading cryptocurrency stood at more than $9,000 was 13 months ago, in early May 2018. äàëüøå »
2019-6-17 12:52
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Moonday Mornings: South African Bitcoin Ponzi scheme rakes in $135,000 a day
It’s the start of a new week and that means it’s time for Moonday Mornings, Hard Fork’s wrap-up of the top cryptocurrency and blockchain headlines from the weekend. 1. Local news in South Africa is reporting about a cryptocurrency Ponzi scheme. äàëüøå »
2019-6-17 11:47
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WATCH: Craig Wright briefly forgets he ‘invented’ Bitcoin
Craig Wright appears to have briefly forgotten that he wrote the Bitcoin white paper while speaking at a recent conference in Toronto. Wright, lead brain behind alternative cryptocurrency Bitcoin Satoshi Vision, caused controversy earlier this year after suing community members who refused to acknowledge that he created Bitcoin under the Satoshi Nakamoto pseudonym. äàëüøå »
2019-6-14 17:12
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Chinese Bitcoin miner arrested for stealing electricity from oil well
Authorities in China have arrested a man after he reportedly stole electricity from an oil well to mine Bitcoin. The arrest was made after the police received a phone call from Daqing Oilfield, located in Haerken district (Tsitsihar, China) on May 28th. äàëüøå »
2019-6-14 15:23
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Jack Dorsey answers our questions about Square’s plans for Bitcoin
Square is a company best known for its disruptive card payment technology. Founded in 2009 by Twitter CEO Jack Dorsey, the company sells affordable mobile-based point-of-sale systems. But beyond the world of traditional fiat currencies, the firm is making cautious steps into the fast-paced world of cryptocurrency. äàëüøå »
2019-6-14 15:20
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Europol is developing a ‘game’ to teach officers how to trace cryptocurrency
Cryptocurrency crime fighters are about to have a lot more fun after Europol has revealed its developing a game to help law enforcers learn how to trace and investigate illicit uses of digital currencies. äàëüøå »
2019-6-14 14:07
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Spanish police arrest Bitcoin launderers in international credit card fraud case
Spanish police have arrested 35 people allegedly involved in an international counterfeit bank card ring which laundered its profits using Bitcoin. Criminals made more than $675,855 (ˆ600,000) and laundered more than $891,250 (ˆ1,000,000), according to local media reports. äàëüøå »
2019-6-14 12:51
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Facebook signs major partners for its cryptocurrency network and it still sounds terrible
Facebook has begun assembling a who’s who of big tech companies to back its soon to be unveiled cryptocurrency, GlobalCoin. The likes of Mastercard, Visa, Uber, and PayPal are all backing the social media giant’s upcoming digital coin due to be unveiled later this month, and officially rolled out next year, reports The Wall St Journal. äàëüøå »
2019-6-14 11:49
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McAfee Trading Platform Suffers DOS Attack Upon Launch
John McAfee’s newly launched trading platform was hit with a DOS attack
äàëüøå »2019-6-14 22:43
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Yet another cryptocurrency mining botnet caught targeting China
It seems we can’t go more than a week without news of a new cryptocurrency mining malware or botnet being discovered. This time, security researchers have uncovered another Monero mining botnet that’s targeting China. äàëüøå »
2019-6-13 16:02
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African insurer won’t work with ‘high-risk’ cryptocurrency mining businsesses
We all know that banks make it difficult for blockchain businesses by denying them access to conventional banking services and accounts. Well now, it seems insurance firms are throwing a spanner in the works for cryptocurrency mining businesses in Africa. äàëüøå »
2019-6-13 13:41
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California man gets 10 years for selling drugs for Bitcoin on dark web
A US man who sold narcotics on the dark web in exchange for Bitcoin has been sentenced to 10 years in federal prison. Tyler Reeves, who sold the drugs under the moniker “Platinum45,” was sentenced on Monday by by United States District Judge James V. äàëüøå »
2019-6-13 12:34
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Indian police arrest 78 in Bitcoin call center scam
A call center scam that targeted US citizens and requested payment in Bitcoin has been busted by police in India resulting in the arrest of 78 people. According to a report, the Indore unit of Madhya Pradesh police’s Cyber Cell unearthed the online scam, which saw tele callers with American accents dupe US citizens. äàëüøå »
2019-6-13 11:21
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Insurance firm Legal & General adopts Amazon’s blockchain for pension deals
Legal & General, a multinational British insurer, has partnered with Amazon to create a blockchain system for corporate pension deals. According to Reuters, Legal & General will be using Amazon Web Services’ managed blockchain system to process bulk annuities – benefit pension schemes sold by companies to insurers in a bid to mitigate risks for policy holders. äàëüøå »
2019-6-12 17:49
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9 days until the crypto industry must verify the identity of anyone sending $1,000 or more
In just nine days, new rules by the Financial Action Task Force on Money Laundering (FATF) will force cryptocurrency businesses in roughly 200 countries to verify the identities of anyone sending or receiving more than $1,000 worth of digital assets, effectively nullifying their pseudonymity. äàëüøå »
2019-6-12 15:42
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3 years later, Visa’s blockchain-powered payment network finally goes live
Visa’s blockchain-powered B2B payments product has finally gone live after almost three years in the making. First made public in October 2016, the Visa B2B Connect network is being made available in 30 markets, with plans to expand to as many as 90 territories by the end of the year. äàëüøå »
2019-6-12 13:09
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Coinbase’s crypto debit card launches in 6 more EU countries, despite user problems
Following its launch in the UK in April, Coinbase is rolling out its cryptocurrency debit card to more European countries, despite users reporting numerous problems. The cryptocurrency exchange will be launching its Coinbase Card in six more European nations. äàëüøå »
2019-6-12 12:38
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Asia’s biggest Gram whale is selling Telegram tokens, but beware
The tokens from messaging app Telegram’s initial coin offering (ICO) are being offered for public sale. But tread carefully, it’s not as simple as it sounds. In fact, it’s not even Telegram offering the sale. äàëüøå »
2019-6-12 17:06
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FBI charges NiceHash founder over dangerous dark web malware (again)
The Federal Bureau of Investigation (FBI) is chasing hackers — including the founder of cryptocurrency mining marketplace NiceHash — over an alleged plot to create and distribute malware through major dark web forum Darkode. äàëüøå »
2019-6-12 16:40
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Cryptocurrency hackers sneak malware into Oracle servers to mine Monero
Security researchers have identified yet another cryptocurrency mining malware. This time it’s installing itself on enterprise application servers, and using a clever trick to remain hidden. If that wasn’t enough, the malware has already claimed its first major victim: Oracle servers. äàëüøå »
2019-6-11 13:22
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Bitfinex denies role in spooky transfer of $1.37 million in stolen Bitcoin
Bitcoin stolen from Bitfinex in 2016 is on the move. Earlier today, a combined 172. 54 BTC ($1. 37 million) was mysteriously sent from the hacker‘s wallets to an unknown address. Bitfinex’ marketing director Anneka Dew however told Hard Fork that today’s movements had nothing to do with the company at all. äàëüøå »
2019-6-7 16:43
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Hackers reportedly stole nearly $10M worth of Ripple (XRP) in GateHub hack
Another day, another cryptocurrency heist. Hackers have breached over 100 Ripple (XRP) Ledger wallets managed by service provider GateHub. If that wasn’t bad enough, additional reports suggest the attackers have siphoned off more than $10 million worth of XRP. äàëüøå »
2019-6-7 13:11
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WATCH: Bitcoin ATM showers London’s Bond Street station in cash money
No, this isn’t a new Anderson Paak video. In a bizarre scene, footage shows a Bitcoin ATM spewing heaps of cash in a shopping centre nearby London’s Bond Street train station, while a security guard does their best to keep onlookers at bay. äàëüøå »
2019-6-7 13:01
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Blockchain startup hacked itself to ‘save’ $13M of its users’ cryptocurrency
A blockchain startup hacked its users’ wallets to save $13 million in Bitcoin and other cryptocurrency from being stolen, ZDNet reports. Security researchers advised the Komodo Platform of a ‘backdoor‘ in Agama, one of its older wallet apps, that would have allowed hackers to siphon any and all digital assets held inside. äàëüøå »
2019-6-6 17:52
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Hackers hid malware in a fake trading app to steal your cryptocurrency
Security researchers have uncovered a knock-off cryptocurrency trading website designed to steal the funds of unwitting victims. Cybercriminals have created a website that imitates the Cryptohopper cryptocurrency trading platform to distribute malware that could steal personal information, hijack your clipboard, and crypto-jack your system, Bleeping Computer reports. äàëüøå »
2019-6-6 16:16
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Global cryptocurrency task force closes in on sophisticated tax cheats
A global sweep of cryptocurrency tax avoidance schemes is imminent, with the number of active lines of inquiry set to nearly double – or so says a coalition of money laundering investigators from the US, Australia, Britain, Canada, and the Netherlands J5, a team of five countries formed by the US Internal Revenue Service to fight cryptocurrency-powered crimes such as tax fraud, has 60 open investigations, but the Sydney Morning Herald reports it’s now considering additional 50. äàëüøå »
2019-6-6 14:40
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New details about Facebook’s cryptocurrency make it sound even worse
Given its history of managing our data, it shouldn’t take much to convince you that Facebook managing our money is probably a terrible idea. That said, it seems the social media giant is actually aware of that particular challenge. äàëüøå »
2019-6-6 12:00
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Dutch billionaire and Big Brother creator sues Facebook over fraudulent Bitcoin ads
The creator of the Big Brother reality television format is suing Facebook for allowing advertisements to fraudulently feature his name and image, Reuters reports. Dutch billionaire John de Mol, one of the brains behind entertainment studio Endemol, filed his suit against Facebook in an Amsterdam court earlier today. äàëüøå »
2019-6-5 18:34
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Baltimore didn’t pay Bitcoin ransom so hackers leaked sensitive data on Twitter
Officials investigating the Bitcoin-fueled ransomware attack that hit Baltimore City last month believe the hackers have leaked government documents on Twitter. A Twitter account claiming to be owned by the hackers appears to have been used to leak the sensitive documents, The Baltimore Sun reports. äàëüøå »
2019-6-5 16:36
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This girthy penis is buried deep inside the Ethereum blockchain (NSFW)
The Ethereum blockchain doesn’t just power one of the world’s most popular cryptocurrencies — it now perpetually verifies the existence of a girthy dong. That’s right. Swedish conceptual artists Ida Jonsson and Simon Saarinen say they’ve buried the first ASCII peen inside an Ethereum transaction, reports art and advertising portal It’s Nice That. äàëüøå »
2019-6-5 16:00
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It sure looks like Apple is gearing up for more cryptocurrency apps
At this year’s Apple Worldwide Developers Conference (WWDC) the company is set to announce the release of “CryptoKit;” a cryptography-oriented tool kit for Apple developers. While the iPhone-maker avoids mentioning the magical words ‘blockchain’ and ‘cryptocurrency,’ it sure sounds like the new tool might have something to do with it. äàëüøå »
2019-6-5 14:56
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Vancouver mayor suggests Bitcoin ATM ban to stop money laundering
Vancouver has cryptocurrency growing pains. The city’s police labeled Bitcoin ATMs an “ideal money laundering vehicle,” and its mayor has even suggested a complete ban. Experts and local businesses have instead called for federal money services regulations to be changed to include Bitcoin ATMs, reports The Star. äàëüøå »
2019-6-5 12:47
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Kik CEO: ‘Buy today, sell tomorrow, profit’ — SEC: ‘Nope, that’s illegal’
In a turn everyone should’ve seen coming, the US Securities and Exchange Commission (SEC) is suing messaging app Kik for its initial coin offering (ICO). In court documents released yesterday, the SEC outlined that Kik’s sale of one trillion “Kin” tokens was not registered with the SEC. äàëüøå »
2019-6-5 11:26
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Justin Sun paid $4.57M to shill TRON to Warren Buffet, Twitter trolled him mercilessly
Justin Sun revealed he’s paid millions of dollars for a lunch date with investing legend Warren Buffet. As expected, Crypto-Twitter had lots to say. Sun, founder of the TRON blockchain and BitTorrent CEO, confirmed the ball-twisting $4. äàëüøå »
2019-6-4 16:58
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FBI asks victims of bankrupt QuadrigaCX cryptocurrency exchange to start snitching
The Federal Bureau of Investigation (FBI) is stepping up its probe into defunct Canadian cryptocurrency exchange QuadrigaCX. In an announcement yesterday, the FBI asked victims affected by the QuadrigaCX collapse to come forward and complete a questionnaire to aid with its “ongoing investigation. äàëüøå »
2019-6-4 16:18
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New cryptocurrency mining malware is spreading across Thailand and the US
With the infamous cryptocurrency mining script Coinhive now offline, you’d be forgiven for thinking crypto-jacking was a thing of the past. Sadly though, security researchers have uncovered a new malware family that’s attacking hardware to get it to secretly mine cryptocurrency. äàëüøå »
2019-6-4 15:50
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Cryptocurrency exchange Blockport goes bankrupt after failed STO
An Amsterdam-based cryptocurrency exchange is facing an uncertain future. Blockport has declared bankruptcy after its security token offering (STO) failed to meet its minimum expectations last month. äàëüøå »
2019-6-4 13:21
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Microsoft seems very proud of its smart contract auditing tools for blockchain
Microsoft is very proud of its Azure Blockchain-powered smart contract auditing tools for Ethereum – so much so it decided to flaunt some of the benefits of the software in a new blog post. “One of the key drivers making blockchain-based applications programmable, accessible to enterprise customers, and able to meet the diverse needs of a variety of sectors [are smart contracts],” the post reads. äàëüøå »
2019-6-4 12:53
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Former BitConnect India chief on the run after promoting another crypto-scam
India‘s authorities have uncovered more cryptocurrency scams connected to the alleged head of BitConnect Asia, Divyesh Darji, Times of India reports. Police claim Darji had also been marketing another dubious cryptocurrency-related investment, “Regal Coin,” by offering short-term returns of 5,000 percent on any investments made. äàëüøå »
2019-6-4 10:43
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‘Crypto-Twitter’ is explaining Bitcoin in 280 characters or less
Self-professed cypherpunk Jameson Lopp has set the cryptocurrency community a seemingly impossible task: efficiently explain Bitcoin in less than 280 characters. A global, neutral payment network that allows anyone on earth to transact a huge or tiny amount of value with anyone else within minutes, without needing to ask permission from a government, without disclosing one’s personal information, and without the possibility of censorship. äàëüøå »
2019-6-3 14:33
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