Items tagged with bitcoin

Scams in some form or another have been around for ages, and certainly through the majority of the computer era. They employ different rouses and have different goals, but one thing that binds many of them is they rely on victims letting their guard down. One that is making the rounds right now hopes to achieve this... Read more...
BIT Mining Limited has published a news release disclosing that the cryptocurrency mining pool run by its subsidiary, BTC.com, suffered a cyberattack earlier this month on December 3. In the course of the attack, threat actors stole cryptocurrency valuing approximately $3 million in total. BIT Mining has informed... Read more...
Just one year ago, Bitcoin's value was in the stratosphere at a whopping $65,000 per coin. A series of market-shifting exchange collapses have now dragged prices down to barely over $15,000, erasing years of gains and threatening further liquidity issues that could cripple still more cryptocurrency firms. The... Read more...
On Monday, the US Department of Justice (DOJ) revealed that Internal Revenue Service – Criminal Investigation (IRS-CI) Special Agents raided James Zhong’s house in Gainesville, Georgia back in November 2021. The raid, which was authorized by a search warrant, resulted in the seizure of 50,676 Bitcoin. After... Read more...
Researchers at Aqua Security have discovered cyberattacks that appear to have been conducted by TeamTNT, a threat actor previously thought to be defunct. The researchers encountered three different attacks, each of which looks to be new. One of these attacks, which the researchers have dubbed the “Kangaroo attack,” is... Read more...
Financial regulators in the US have been reluctant to come down on cryptocurrency for fear of stifling innovation, but there's nothing innovative about Forsage. The Securities and Exchange Commission (SEC) has filed charges against 11 individuals for running and promoting Forsage, which the SEC says is a "textbook... Read more...
Bitcoin and other cryptocurrencies took another hit after Celsius, one of the leading crypto lending firms, announced it is pausing all withdrawals and transfers "due to extreme market conditions." After the announcement, Bitcoin slid to below $25,000, dipping more than 12 percent on Monday to below $24,000. That's... Read more...
Woe is the investor who put all their investment funds into cryptocurrency, because chances are their portfolio isn't looking so hot right now. The cryptocurrency market is experiencing a huge decline the likes of which we can't remember seeing before. And as this is happening, Coinbase, the largest crypto exchange... Read more...
The most resilient of all the cryptocurrencies, Bitcoin, is having a very bad year so far after peaking last November at around $67,000. Now instead of talking about whether it can reach $100,000, Bitcoin investors and observers are left wondering how much further it can tumble after losing more than half its value... Read more...
Intel is ready to "usher in the era of metaverse and Web 3.0" by embracing blockchain in a big way. In a blog post, Senior Vice President and General Manager of Intel's Accelerated Computing Systems and Graphics Group, Raja Koduri, said blockchain is key to enabling everyone to own the digital content and services... Read more...
At the upcoming 2022 International Solid-State Circuits Conference (ISSCC), Intel is scheduled to talk about its entry into the potentially lucrative world of Bitcoin mining with Bonanza Mine, an ultra-low-voltage (ULV) energy-efficient Bitcoin mining ASIC it will soon offer. It's not clear how close Intel is to... Read more...
If you even owned a laptop from over 30 years ago, it's probably long-since been retired. Laptops did actually exist in the 1980s, though, and while mainly (not solely) built for word processing chores, an owner of a Toshiba T3200SX laptop from 1989 held onto his all these years and has put it to work mining Bitcoin... Read more...
Remember when Bitcoin was worth a fraction of a cent? Those days are long gone, and barring a cryptocurrency crash of epic proportions, they may never come back. Instead, Bitcoin this week went on a rally, skyrocketing to its highest value ever. This raises the question, is it finally time for casual observers to... Read more...
Step aside China, there’s a new bitcoin sheriff in town! A study recently revealed that the United States currently leads the world in bitcoin mining. It has finally surpassed China, which was the undisputed leader for several years. However, cryptocurrency mining and exchanges are no longer welcome in China after its... Read more...
Yesterday, criminal hackers stole approximately $600 million in varying cryptocurrencies from the PolyNetwork, a blockchain interoperability company. Now, in an interesting turn of events, the hackers have begun returning the stolen funds in what was to be one of the biggest cryptocurrency thefts ever. As it stands... Read more...
As the user base for cryptocurrency grows, so too do politicians and regulators looking to stymie the situation due to taxation and illicit activity concerns. Now, President Biden has backed a plan to tax proof-of-stake cryptocurrencies such as Ethereum via an amendment to a major bill advancing in the U.S... Read more...
Just last week, Bitcoin crashed below $30,000, descending to its lowest point in a month, and dropping to less than half of its peak value from April of this year. And today? It is not only back above $30,000, it is fast approaching $40,000 on speculation that Amazon will soon begin accepting the volatile... Read more...
What goes up must come down, but when it comes to cryptocurrency, and Bitcoin in particular, wild up and down swings feel like normal occurrences (it was just a short while ago when Bitcoin and Ethereum fueled a cryptocurrency explosion to a $2 trillion valuation). And that is what Bitcoin investors are hoping is... Read more...
Is cryptocurrency a capitalistic scam, only benefitting the wealthy? That is what Jackson Palmer, co-founder of Dogecoin, seems to think after reemerging on Twitter to explain his take on the current state of crypto. On July 14th, Palmer addressed the frequent question of whether he will return to cryptocurrency... Read more...
As Bitcoin prices skyrocketed earlier this year, all cryptocurrencies were under the microscope by people around the globe. Specifically, energy-consumption concerns arose as miners built out massive mining operations to execute the “proof-of-work” system that makes cryptocurrencies like Bitcoin tick. However, none of... Read more...
Ransomware incidents are on the rise worldwide with no end in sight, and trying to fight back is like trying to punch a ghost, it seems. However, using empirical data and evidence, we can figure out what does and does not work to smother ransomware. Thanks to a new website called Ransomwhere, anyone can now track this... Read more...
Back in June, China made the decision to crack down on cryptocurrencies such as Bitcoin, leading to tumbling prices and a mass exodus of miners. This is now beginning to have rippling effects beyond cryptocurrency as Chinese miners are beginning to dump GPUs on the secondhand or used marketplace. On Twitter, a video... Read more...
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