Hackers Demand $2 Million In Bitcoin After Hacking Monroe College, Few Students Praise System Downtime

2019-7-12 21:31

Ransomware is not a new technological concept, but it is a big problem in the cryptocurrency industry in the last few years. Rather than directly taking over an exchange, these hackers go after unrelated companies, demanding to be paid out in Bitcoin or another cryptocurrency.

Monroe College, an NYC school, recently had their network hacked […].

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Indonesian Student Nabbed for Illegal Bitcoin Mining with School Computers

Despite the gloomy cryptocurrency market outlook, bad actors are still interested in illegally amassing bitcoin (BTC) and other cryptoassets. In the latest development, a 22-year-old student has been arrested by the Indonesian police for illegally setting up a virtual currency mining operation with college computers, reported The Jakarta Post on February 14, 2019.

2019-2-19 14:09


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ICO Raised With ‘No Strings Attached’ Led to Massive Abuse – iAngels Exec [Interview]

Bitcoinist spoke with Shelly Hod Moyal, Founding Partner and Co-CEO of iAngels, on why the ICO market popped and where the cryptocurrency industry is headed next.   A Hunter College and Kellogg MBA graduate, Shelly is a recognized expert in the areas of Fintech and Blockchain, and is a sought-after expert at international conferences about Israeli tech investing.

2019-2-10 18:00


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Study Finds 4 Percent of Monero Mined via. Malware over the Last 12 Years

Researchers at Universidad Carlos III de Madrid and King’s College London have found that from 2007 to 2018, around $57 Million of Monero was mined via. Malware, January 3, 2019. Background of the Study The joint study co-authored and compiled by two researchers was published January 3, 2019, and it states that four percent of the Monero mined over the.

2019-1-23 20:00


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Study Finds 4 Percent of Monero Mined with Malware over the Last 12 Years

Researchers at Universidad Carlos III de Madrid and King’s College London have found that from 2007 to 2018, around $57 Million of Monero was mined via. Malware, January 3, 2019. Background of the Study The joint study co-authored and compiled by two researchers was published January 3, 2019, and it states that four percent of the Monero mined over the.

2019-1-23 20:00


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Report: GitHub hosts the most cryptocurrency mining malware of any site

It’s no secret cryptojackers prefer Monero, but now researchers have determined exactly how much they have gained with illicit cryptocurrency mining malware. In a new study, academics from Universidad Carlos III de Madrid and King’s College London calculated that crypto-mining malware has generated roughly 720,000 XMR – or 4.

2019-1-10 14:47


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Discuss the future of payments at Hard Fork Decentralized

There are only five days left until Hard Fork Decentralized, our blockchain and cryptocurrency event in London, UK. If you’re interested in discussing the future of payments with industry leaders, we’ve selected some events you shouldn’t miss: Decentralized finance (University College London) The UCL Centre for Blockchain Technologies focuses on the impact of this tech on our socio-economic systems, as well as the promotion of a safe and organic development and adoption of blockchain-based platforms.

2018-12-7 19:14


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American College Student Collects $400,000 in Tax Liability from $5,000 Crypto Investment

On November 2, 2018, a Reddit user submitted a post to the /r/tax subreddit claiming that they were stuck in a somewhat precarious proposition with their taxes. Crypto-to-crypto trades: Taxable events The individual, an American college student, said that they decided to start dabbling in cryptocurrency investments sometime in early 2017 after hearing about the market’s growth potential from a.

2018-11-7 21:00


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Student Turns $5K into $800K Trading Crypto, But Now Owes $400K in Taxes

One college student turned his $5K investment into $880k but now says trading “ruined” his life as he’s facing $400k in cryptocurrency taxes.   From Big Profits to a Tax Nightmare An anonymous college student recently posted on Reddit to solicit advice about what to do while they face a massive tax bill in the wake of cryptocurrency trading.

2018-11-4 13:00


A College Freshman is Livestreaming Himself Committing 51% Attacks on Small Cryptocurrency Projects

Despite the inherent security advantages provided by blockchain governance systems, no protection technology is unbreakable. To prove this, a college freshman and security researcher by the online handle of “geocold51” is breaking through blockchain-based security with 51% attacks, reports CoinDesk.

2018-10-25 00:25


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Toronto police are investigating the kidnapping of Dean Skurka, CEO of WonderFi. Skurka was abducted in downtown Toronto during rush hour on Wednesday, Nov. 6. He was later released after a $1 million ransom was paid electronically, per CBC. The…

Cencora paid $75m in Bitcoin ransomware: Bloomberg

Cencora, a healthcare solutions provider, paid a total of $75 million to a ransomware group earlier this year, according to Bloomberg. The publicly traded drug distributor, formerly known as AmerisourceBergen, reportedly sent Bitcoin (BTC) worth $75 million to cyberattackers following…