Items tagged with cryptocurrency
Bitcoin continues to surge and, for the first time ever, has reached and surpassed the $100,000 mark. That milestone represents a greater than 100% increase in value since the beginning of the year, when Bitcoin was trading for less than $45,000. It's an incredible achievement for what's proven to be the most...
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Bitcoin, the most popular cryptocurrency of them all, surged to an all-time high valuation in the nighttime hours as it became apparent that former President Donald Trump had the necessary votes to defeat current Vice President Kamala Harris in the 2024 Presidential election. While the votes are still being tallied...
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The FBI has published its Cryptocurrency Fraud Report for 2023, and the losses continue to mount, reaching 5.6 billion dollars, which is a 45% increase in comparison to 2022. Even though fraudulent cryptocurrency schemes only account for 10% of the complaints the Internet Crime Complaint Center (IC3) receives, the...
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Security researchers at McAfee have discovered new malware targeting Android users, named SpyAgent. The main aim of this malicious software being the theft of seed phrases that can be used to recover cryptocurrency wallets. Although once installed on a device threat actors using SpyAgent will also look to exfiltrate...
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The United States Federal Trade Commission (FTC) is warning consumers of a "massive" surge in Bitcoin ATM scams (add it to the list of cryptocurrency scams). According to the FTC, consumers posted collective losses totaling $110 million in 2023, which is a tenfold increase versus 2020. And in the first half of this...
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In years past, cryptocurrency enthusiasts who correctly navigated the volatile ups and downs of the market could net a lot of money without paying a dime in taxes. Those days are over. The US Department of the Treasury and Internal Revenue Service (IRS) have announced new rules to ensure crypto traders pay taxes on...
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Cryptocurrency is on the rise again, with Bitcoin cresting the $60k mark earlier this year and holding steady while Ethereum floats just shy of $3k. With those tantalizing prices, crypto-crimes are also rising again after a brief cooldown following the $40m heist at crypto casino Stake. However, these crimes are...
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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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