08 Nov 2018

Tehran keeps probing crypto in search of sanction relief

Iran employs a variety of methods, including cryptocurrency transactions, to avoid international sanctions. In an October advisory statement, the US Treasury Department’s Financial Crimes Enforcement Network stated that “with the full re-imposition on November 5th of sanctions lifted under the Joint Comprehensive Plan of Action, FinCEN expects that Iranian financial

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08 Nov 2018

University shuts down network to thwart Bitcoin cryptojacking scheme

“A Canadian university was forced to close down its entire network due to the discovery that the system was being abused in order to mine for cryptocurrency. Nova Scotia’s St. Francis Xavier University uncovered the cryptojacking scheme on Thursday. IT staff at the academic institution found malicious software which had

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07 Nov 2018

Fake Elon Musk Twitter Bitcoin Scam Earned 180K in One Day

Hackers used compromised Twitter accounts and Elon Musk’s fame to scam over $180,000 in bitcoin in a single day. The scam involved changing the names of verified Twitter accounts to “Elon Musk,” and tweeting about making “the biggest crypto-giveaway in the world.” Users who sent between .1 and 3 BTC

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30 Oct 2018

Venezuela, China Work to Boost Petro Cryptocurrency

China sent a delegation of economic and financial advisors to study and analyze the Venezuelan Petro cryptocurrency for its potential usage in international exchange. On the Venezuelan side, the Petro has become one of the few sources of hope for the government and the economy that has largely been destroyed

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26 Oct 2018

What Happens to Your Cryptocurrency After You Die?

“Passing your digital holdings on to loved ones after your death isn’t as simple as bequeathing cash or other property, though, particularly since wills aren’t designed for confidential information. Because a private key is all that’s necessary to transfer funds from a wallet, including it in your will might be a terrible idea. ‘I

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24 Oct 2018

Trade.io loses $7.5Mil worth of cryptocurrency in mysterious cold wallet hack

“Cryptocurrency exchange Trade.io admitted to a security breach on Sunday. The company said that an unknown party has withdrawn over 50 million Trade tokens (TIO) from its cold storage wallets. The funds are worth over $7.5 million at Monday’s TIO trading price. It is unclear how the hack happened. Cold

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15 Oct 2018

This Malware Pretends to Be a Flash Update But Is Really Mining Cryptocurrency

Updating Adobe Flash is apparently such a regular task for computer users that hackers are able to take advantage of the familiarity and slip in cryptocurrency mining malware into fake Flash updates. Once installed, the malware works in the background, using the computer’s processing power to mine cryptocurrency (Monero, in

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12 Oct 2018

Cryptocurrency theft hits nearly $1 billion in first nine months: report

“Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released on Wednesday. The report, which looks at

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08 Oct 2018

Russian government hackers mined bitcoin to fund attacks on FIFA, anti-doping agencies

The Russian hackers recently indicted for their attacks attacks against anti-doping agencies and others were funding their work through bitcoin mining, according to U.S. documents. “The conspirators used the same funding structure – and in some cases, the very same pool of funds – to purchase key accounts, servers, and

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27 Sep 2018

How to Track a Bitcoin’s Journey, and the Trustworthiness of any given Address

The makers of this Bitcoin tracking website are working to “provide a little more clarity” and “offer more peace of mind to investors, regulators and the general public” by providing search functions for Bitcoins and Addresses, and tracing their origin and affiliation to various sources, including gambling and known criminal

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