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Understanding How Blockchain Fees And Incentives Help Fend Off Network Spam Attacks
A lot of newcomers to crypto space often wonder why transaction fees are necessary, especially since miners receive block rewards. However, the truth is that block rewards can be enough only for a certain period, especially when it comes to Bitcoin, which has its block rewards cut in half approximately every four years. For now, […] дальше »
2018-12-3 21:27 | |
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Report: No Correlation Between Crypto Mining Attacks and Legal Status of Cryptocurrency in the Country
The growing popularity of cryptocurrencies has forced cybercriminals to invest resources in the development of more robust mining technologies to replace the typical ransomware Trojans, reports Kaspersky Lab’s cyber threat research arm Securelist, November 28, 2018. дальше »
2018-12-1 00:00 | |
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Pirated Content and Software Drives Malicious Crypto Mining, Says New Report by Kaspersky Lab
Cryptocurrency mining malware attacks, which infected over five million people in the first three quarters of 2018 alone could be entering your systems via pirated software and content. Malicious cryptocurrency mining is the biggest threat to internet users in 2018, leaving behind ransomware which had been most prevalent over the last few years. дальше »
2018-11-30 15:59 | |
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SamSam Ransomware hackers that pocketed millions in bitcoin indicted in Atlanta
Over the past few years, SamSam has wreaked havoc on victims spanning the entire globe. SamSam is a type of malware called ransomware that blocks users access to their own networks and computers until is a ransom is paid to the attacker. дальше »
2018-11-30 00:00 | |
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Bitcoin Ransomware: The U.S. Indicts Iranians Over $6 Million Cryptocurrency Cyber-crimes
The U. S. Justice Department recently announced the indictment of two Iranians involved in a high-profile Bitcoin ransomware attack. Iranian Hackers Collect Bitcoin as Ransom According to a report by The Washington Post, the Justice Department of the United States on Wednesday (November 28) announced the indictment of two Iranian nationals involved in cryptocurrency ransomware attacks, […] The post Bitcoin Ransomware: The U. дальше »
2018-11-29 12:16 | |
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U.S Sanctions First Bitcoin Addresses
The U. S. Treasury’s Office of Foreign Assets Control (OFAC) has taken action against two Iranian ransomware “facilitators. ” The actions include publishing the perp’s cryptocurrency wallet addresses, and warning the cryptocurrency and financial communities that anyone transacting with the accused could be subject to secondary sanctions. дальше »
2018-11-29 08:00 | |
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US Gov’t Sanctions First Bitcoin Addresses
The U. S. Treasury’s Office of Foreign Assets Control (OFAC) has taken action against two Iranian ransomware “facilitators. ” The actions include publishing the perp’s cryptocurrency wallet addresses, and warning the cryptocurrency and financial communities that anyone transacting with the accused could be subject to secondary sanctions. дальше »
2018-11-29 08:00 | |
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Botnet operators ditch DDoS attacks for cryptocurrency mining malware
Leading cybersecurity unit Kaspersky Labs has warned hackers are “reprofiling” the world’s most well-known botnets en masse in order to spread their cryptocurrency mining malware as widely as possible. дальше »
2018-11-28 18:56 | |
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Smaller PoW coins are in constant danger of 51% attacks – Decred (DCR) governance model is the solution
DCR aims to serve three purposes of an ideal currency: being a store of value, being a medium of exchange and being a unit of accounting. Bitcoin is kinda capable of performing these three functions, but currently possesses inferior technology that isn’t suited to make it commercial grade money. дальше »
2018-11-22 18:42 | |
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Busted: Manhattan 21-Year old Arrested For $1 Million Cryptocurrency Theft
Nicholas Truglia, a 21-year old con man, residing in Manhattan, New York, was arrested by the local police at his apartment for hacking into others mobile phones to steal cryptocurrencies, reports New York Times on November 20, 2018. дальше »
2018-11-22 10:00 | |
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Zero-Confirmation Forfeits: Adding Security to Unconfirmed BCH Transactions
On Nov. 20, the Bitcoin Cash developer Awemany announced the first code proposal for a concept called Zero-Confirmation Forfeits (ZCF), a protocol that adds a layer of security to zero-confirmation transactions. дальше »
2018-11-22 22:50 | |
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Bitcoin Cash ABC update exposes potentially catastrophic vulnerability
It hasn’t been long since the monstrously wasteful hash wars began, but it already seems both newly spawned blockchains are running into potentially crippling technical difficulties. Shortly after BSV (nChain’s implementation of Bitcoin Cash) suffered from a bug that split its network in two, it appears that BAB (Bitcoin-ABC’s implementation of Bitcoin Cash) has rolled out a software update that puts its entire network at risk of 51-percent attacks from rogue miners. дальше »
2018-11-21 20:52 | |
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Hoskinson: Satoshi Did “An Amazing Thing”...But There Are Lessons to Learn
Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin. дальше »
2018-11-20 23:08 | |
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One Day After the Bitcoin Cash Hard Fork: Takeaways and Latest Developments
Bitcoin Cash, the “big block” project that forked away from the Bitcoin blockchain in August 2017, “hard forked” (split) into two different coins: “Bitcoin Cash ABC” (BCH ABC) and “Bitcoin Cash SV” (BCH SV). дальше »
2018-11-17 02:13 | |
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McAfee Labs Report: Crypto-Jacking Malware Mining Several Coins on Host System Detected
A report submitted by McAfee researchers on November 12, 2018, claims that a new crypto mining malware capable of mining different cryptocurrencies depending on the host’s system is on the loose. Russian Malware Attacks Global Networks Crypto-jacking malware and its attack vectors are becoming more efficient by the day. дальше »
2018-11-16 20:00 | |
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Report: Cryptocurrency Mining Attacks Likely to Surge in the Future
Kaspersky Lab’s cyber threat and research arm Securelist published a report on November 13, 2018, which provides details on the rising trend of cyber attacks on cryptocurrency exchanges in Q3 2018. The report also mentions prominent cyber attack groups including Lazarus as well as observing massive growth in crypto mining attacks. дальше »
2018-11-15 10:00 | |
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Malaysia’s Media Prima Affected By Ransomware As Hackers Demand $6.3 Million In Bitcoin (BTC)
As ransomware attacks are on the rise now, a new giant company has been attacked by them. A Malaysian media giant called Media Prima Bhd was attacked by a ransomware scam and now the attackers are asking for $6. дальше »
2018-11-14 10:51 | |
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Investor Lawsuit Brought Against AT&T, T-Mobile for SIM Swapping Hacks
Leading cryptocurrency investor law firm Silver Miller Law has filed suit against cell phone giants AT&T and T-Mobile on behalf of several digital asset investors who were victims of the identity-theft tactic known as “SIM swapping. дальше »
2018-11-10 01:35 | |
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Bitly Blocks Certain Crypto Links: “Mastering Ethereum” Book Affected
Bit. ly Attacks “Mastering Ethereum” Book: Doesn’t Allow 200 Links When it comes to Bitcoin proponents, there isn’t anyone as prominent, knowledgeable, and likable as Andreas M. Antonopoulos, a former Greek cybersecurity expert turned cryptocurrency fanatic. дальше »
2018-11-5 01:30 | |
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Bitly Issues Warning For Certain Crypto Links: “Mastering Ethereum” Book Affected
Bit. ly Attacks “Mastering Ethereum” Book: Issues Warning For 200 Links When it comes to Bitcoin proponents, there isn’t anyone as prominent, knowledgeable, and likable as Andreas M. Antonopoulos, a former Greek cybersecurity expert turned cryptocurrency fanatic. дальше »
2018-11-5 01:30 | |
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West Haven City Council Pays $2,000 Ransomware Demand
Ransomware attacks are still a pressing problem in 2018. Although such stories have seemingly become less apparent in the past few months, the city of West Haven in Connecticut was forced to make a crucial decision. дальше »
2018-10-27 21:09 | |
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$571 Million in Damages: North Korean Hacking Group Lazarus Behind High-Profile Cryptocurrency Hacks
Although there have been over $882 million cryptocurrencies stolen from online exchanges since 2017, Lazarus, a North Korean, state-sponsored group is responsible for the majority of stolen tokens. According to an article published by The Next Web on October 19, 2018, the Lazarus Group took over $571 million cryptocurrencies and will continue to do so in the future. дальше »
2018-10-22 15:00 | |
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North Korean Hacking Group Lazarus Behind $571M in Hacks Since January 2017
North Korean cybercrime hacking group The Lazarus Group is currently the biggest crypto hacking syndicate in the world, having stolen millions worth of cryptocurrencies from online exchanges. дальше »
2018-10-20 00:22 | |
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Novogratz Criticises Tether’s Lack of Transparency, Responds to Roubini
The famous Bitcoin proponent and billionaire investor Mike Novogratz has criticised the stable-coin U. S. Dollar Tether (USDT) for failing to provide a trustworthy service for users. The Galaxy Digital Holdings Ltd. дальше »
2018-10-19 21:15 | |
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New BitConnect Class Action Combines All Former Suits — And Targets Youtube
According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U. S. District Court for the Southern District of Florida against BitConnect. дальше »
2018-10-19 22:58 | |
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African Cryptocurrency Exchanges Forced to Step up Security
Cryptocurrency exchanges in some of Africa’s biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world. дальше »
2018-10-18 03:30 | |
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Investment in Blockchain Security Will Grow: The Results of HackIT 4.0 in Kiev
Global losses from hacker attacks in 2018 amounted to $1. 8 billion, which exceeds the amount of losses for the period from 2011 to 2017. A sizeable share of victims are investors and users in the field of cryptocurrency and Blockchain technology, the commercial value of which will increase to almost $180 billion by 2025. дальше »
2018-10-18 23:00 | |
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Civil Fails to Raise $8M Minimum in ICO
Civil, a blockchain startup that has partnered with Forbes and The Associated Press, failed to reach the $8 million minimum target it set for its initial coin offering this week, suggesting an end to the days when promoters simply had to hint at collaborations with established companies to woo investors. дальше »
2018-10-18 18:00 | |
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Nouriel Roubini Attacks Blockchain in Latest Rant
NYU economics professor Nouriel Roubini, commonly known as Dr. Doom in mainstream financial media circles, is a long-established Bitcoin and cryptocurrency skeptic. In his latest rant he focuses on blockchain technology and the people promoting it. дальше »
2018-10-17 20:05 | |
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Attacker pledges to make 51 percent attacks a spectator sport
After attacks on Verge and Bitcoin Gold, the vulnerability of many altcoins to 51 percent attacks has been highlighted again by an anonymous Tweeter who has revealed plans to live stream attacks of low hashrate coins дальше »
2018-10-15 14:00 | |
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2020 Presidential Candidate Elizabeth Warren Attacks Bitcoin, Urges Investors to Stay Away
Elizabeth Warren Decides To Attack Cryptocurrency And Urge Consumers Not To Invest Elizabeth Warren, one of the potential 2020 Democratic presidential contenders, is harboring some bad feelings about cryptocurrency. дальше »
2018-10-12 19:06 | |
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Horizen updates Bitcoin consensus algorithm to enhance security against 51% attacks
CryptoNinjas Horizen (formerly ZenCash), the privacy-oriented blockchain technology platform, has released a security adjustment to Bitcoin’s Satoshi Consensus algorithm. The adjustment, thoroughly tested by Horizen and its community, is designed to enhance protection of Proof-of-Work blockchains against 51%. дальше »
2018-10-11 19:51 | |
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Pigeoncoin Hacked for $15,000: May be a Warning Sign for Other Bitcoin Forks
A minor altcoin called Pigeoncoin has suffered a small-scale attack resulting in the theft of 235 million PGN tokens, worth approximately $15,000. Some have mocked the attacker’s modest gains, with ZDNet wryly headlining the story “Hacker wastes entire day only to make $15,000. дальше »
2018-10-9 01:36 | |
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International Cybercrime under Spotlight at CyberCrimeCon 2018 in Moscow
Moscow, 08. 10. 2018 – Group-IB, an international company that specializes in preventing cyber attacks, announces the sixth international conference CyberCrimeCon 2018. This year’s event is bringing together representatives from INTERPOL and cyber police from different countries. дальше »
2018-10-9 01:00 | |
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Research: China has the power to destroy Bitcoin
A damning new study has suggested China holds threatening influence over Bitcoin – and perhaps even the ability to attack and ultimately destroy the entire Bitcoin network. Academics from Princeton and Florida International Universities have explored how China “threatens the security, stability, and viability of Bitcoin” with its “political and economic control over domestic [cryptocurrency] activity […] [and] internet infrastructure. дальше »
2018-10-8 19:07 | |
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U.S. Justice Department Accuses Russia of Funding Cyberattacks With Bitcoin
A Justice Department indictment against seven Russian military officers filed in July 2018 contains new allegations that Russia used bitcoin to fund its cyber attacks, MarketWatch reported on October 4. дальше »
2018-10-7 23:00 | |
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Cryptojacking Becomes More Sophisticated With Time: Chinese Researchers
Cryptojacking, an attempt to use a device’s spare computing power to mine digital currencies, is gaining ground ever since crypto assets started getting mainstream acceptance. Researchers from China’s Fudan University and Tsinghua University collaborated with the University of California Riverside to produce the first systematic study of these attacks. дальше »
2018-9-27 17:59 | |
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Study Reveals Growing Sophistication in Malicious Mining of Cryptocurrency
Several Chinese researchers from Fudan University, Tsinghua University and the University of California Riverside have produced the first systematic study of the malicious mining of cryptocurrencies, known as cryptojacking, unveiling increasing complexity over time. дальше »
2018-9-25 23:59 | |
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eCash Founder David Chaum Makes Bold Promises with Elixxir Blockchain
Over 30 years after creating eCash, a predecessor of bitcoin and other cryptocurrencies which spawned the Cypherpunk movement of the 1980s, Dr. David Chaum is back in the public eye with a claim of having invented “the world’s fastest cryptocurrency. дальше »
2018-9-22 23:59 | |
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New Bitcoin Core Patch Fixes Vulnerability To DDoS Attacks, Devs Talk Of Possible Chainsplit
Like any technology, Bitcoin is always improving to achieve better results. The Bitcoin Core team has released a new patch this week, which fixed a vulnerability in the system that could be fatal to the network, as it allowed for DDoS attacks. дальше »
2018-9-21 19:44 | |
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Massive Bitcoin Vulnerability Discovered That Could Have Seen The End Of BTC
Developers from the Bitcoin Core project seem to have discovered a vulnerability that could have seen the end of Bitcoin. To put a long story short, the entire Bitcoin blockchain was at risk of being pulled down by one single DDos attack. дальше »
2018-9-21 06:00 | |
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Europol: Terrorists Still Use Banks, Fail To Abuse Cryptocurrencies
A new assessment by Europol this week reveals a growing schism between the use of cryptocurrencies by terrorists and other criminals. No European Terrorist Attacks Leveraged Crypto Funds In its Internet Organized Crime Threat Assessment (IOCTA), the organization highlights that while the use of Bitcoin in particular by cybercriminals is growing, terrorists still prefer conventional money transfer methods — banks and wire transfers. дальше »
2018-9-21 00:00 | |
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$60 Mln Crypto Exchange Hack in Japan had no Impact on Bitcoin Price
Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto. Another Crypto Exchange Hack The popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. дальше »
2018-9-21 15:00 | |
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This Company Is Using Bitcoin to Help Others Pay for Ransomware Attacks
A company based in Norwalk, Connecticut is helping small businesses deal with ransomware attacks by negotiating with cybercriminals to reduce ransom amounts and paying them in bitcoin, a Forbes report from September 17, 2018, showed. дальше »
2018-9-19 21:00 | |
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