Items tagged with cryptocurrency
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 – Crimes 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 cooperating...
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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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Back in early April, Intel unveiled its new Blockscale ASIC, which promised strong performance for proof-of-work consensus networks. Its move into blockchain is a relatively recent endeavor for Intel, but is perfectly in character for a company with a long history of entering new markets. As regular readers are no...
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Startup blockchain company Harmony has posted a $1 million bounty reward on Twitter for the return of stolen crypto funds. The company says it will advocate for no criminal charges if the $100 million in stolen Horizon bridge funds are returned.
Cyber criminals employ different methods for stealing funds from...
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As anyone could have predicted, cryptocurrency miners are looking to unload their used GPUs now that it may no longer be profitable to mine Ethereum and other blockchain assets. Before you buy a card at a potentially steep discount, though, be aware that you might not end up getting what you thought you were...
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If you're thinking about mining Ethereum as a side hustle, you should probably shelve the idea for the time being because, for the most part, it's not currently profitable. There are exceptions (and caveats), but for the average user, it could end up costing more to mine Ethereum in electricity costs alone following a...
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Last week, the US Federal Trade Commission (FTC) published a report according to which cryptocurrency scammers have swindled Americans out of over $1 billion since 2021. Cryptocurrency scams are rampant on social media sites, as well as messaging apps like Telegram. The scams often trade on the names of...
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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...
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Everywhere you look there is someone who is trying to convince you to invest in cryptocurrency. Unfortunately, many of these promos are simply a scam. The Federal Trade Commission (FTC) recently reported that Americans have lost over $1 billion USD to cryptocurrency scams.
An FTC report noted that more than 46,000...
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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...
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Cryptocurrency scams are quite common these days, likely due, at least in part, to the perception that cryptocurrency is an easily accessible investment vehicle. Just last week, the Security and Exchange Commission (SEC) announced that it is almost doubling the size of its Crypto Assests and Cyber Unit in the hopes of...
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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...
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