Items tagged with cryptocurrency
In case haven't noticed, the cryptocurrency market is on an upswing led by Bitcoin's surge to record highs over the past couple of weeks—it's now trading at around $73,000. Historically speaking, as Bitcoin goes, so does the entire crypto scene. Fortunately, miners don't pose a threat to the supply of graphics cards...
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Bitcoin is on a tear this week, having initially rallied to above $53,000 on Monday, the highest it has been since November 2021. That's also well above the less than $17,000 mark that it was sitting at to begin the year. Now just two days later, Bitcoin's value has surged past the $60,000 mark and is quickly...
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Cryptocurrency has had a bit of a resurgence over the last few weeks, with Bitcoin peaking at $45,000 before settling back to around $42,000. However, Bitcoin is still a proof-of-work cryptocurrency, meaning equations must be solved to receive rewards, which involves using graphics cards or other specialized hardware...
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Since the early May 2022 cryptocurrency crash, cryptocurrency, in general, has seemingly lacked excitement. However, Bitcoin has seen impressive growth over the course of 2023. It has seen gains of 173% to crest over $45,000, marking a 21-month record high. This comes as optimism for exchange-traded Bitcoin swells...
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Late last year, password manager LastPass disclosed that hackers had stolen proprietary source code, customer information, and password vaults. Since the initial breach, hackers have been able to get into some of these password vaults, leading to multiple six-figure cryptocurrency thefts.
Taylor Monahan, founder...
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Australian crypto-casino Stake, which has seen a rise in popularity for sponsoring or being used by streamers on Twitch and Kick, has reportedly been hacked. The threat actor responsible for the attack has seemingly gotten off with roughly $40 million in Ethereum, which was taken to several external crypto wallets;...
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TA444 is an advanced persistent threat (APT) group believed to be associated with the North Korean government. However, rather than receiving financial backing from its government, the group seems to bring in revenue for the government. Unlike most state-backed APTs, such as China’s Aoqin Dragon or Iran’s Charming...
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This past July, we wrote about a report published by Coverware that found that the dollar value of the median ransomware payment was on a downward trajectory beginning in Q1 2022 and continuing in Q2 of the same year. However, we weren’t sure whether this decrease in the value of individual payments would reflect in...
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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...
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Gemini, the cryptocurrency exchange founded by the Winklevoss twins, published a blog post this week warning about phishing campaigns targeting its customers. These phishing campaigns are likely related to a previously undisclosed data breach that exposed the email addresses of the exchange’s 5.7 million customers...
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This week, the United States Department of Justice (DOJ) announced the seizure of seven domain names that cybercriminals used to carry out a cryptocurrency scam. The scam in question is known as a “pig butchering” scheme, as the scammers metaphorically led their victims to the slaughter. In these sorts of schemes, the...
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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...
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NVIDIA disclosed its financial results for its third quarter of fiscal 2023, and revealed within its earnings report is a 17 percent year-over-year decline in revenue to $5.93 billion. That's also a 12 percent drop sequentially. Much of that can be attributed to "lower GPU sales for both desktops and laptops," which...
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In the last few years, the terms ‘metaverse’, ‘blockchain’, and ‘NFT’ have become buzzwords that bring certain things to mind. However, a game called Artyfact is trying to bring all those concepts together and change people’s perceptions for the better, perhaps.
Built on Unreal Engine 5, Artyfact is a new...
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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...
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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...
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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...
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Ransomware can be both disruptive and costly for its victims. A recent report found that the total downtime resulting from ransomware attacks in 2021 cost schools a whopping $3.56 billion. The sudden encryption of data on computer systems critical to an organization’s regular operations presents a major problem when...
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In a blog post, Coinbase offered a strong rebuttal to the Securities and Exchange Commission (SEC) filing the first-ever cryptocurrency insider trading charges against one of its former employees. As part of that lawsuit, US prosecutors allege that Ishan Wahi, a former product manager at Coinbase, illegally shared...
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The world of NFTs has encroached the realm of Minecraft, and devs are not happy about it. In an attempt to provide players with a safe and inclusive experience, Mojang has decided to not allow blockchain technologies in its popular world-building game.
As NFTs have grown in both popularity and use, companies have...
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Ethereum has fallen nearly 40 percent over the past month, and is down more than 76 percent from its all-time high. And there's also the delayed shift from a proof-of-work to a proof-of-stake model that will drastically affect the mining game for the world's largest altcoin. But like a mining honey badger, Bitmain...
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The Shack is back on Twitter promoting its crypto and NFTs in an NFSW kind of way, and reactions are mixed. The 100-year old tech retailer decided to reimagine itself, following decades of decline, bankruptcy and being delisted by New York Stock Exchange in 2015.
It isn't unusual to find companies on social media...
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