• The cryptocurrency market is at an all-time high as coins recover from a  brief holiday bear season into a bullish New Year. But could this unprecedented growth in value attract cybercriminals? Currently, there is a huge bullish run by Bitcoin and other alternate coins on the cryptocurrency market even with the recent correction that saw Bitcoin slightly drop in value over the holidays. However, now that the New Year has kicked off, cryptocurrencies are going

    Is The Meteoric Rise In Cryptocurrencies Triggering More Cyber Attacks?

    | 2018/01/07 2:00 pm
  • As Bitcoin and other cryptocurrencies gain popularity as a mode of payment transfer, it has become common for the average Bitcoin user to be scammed by an anonymous identity who requests payment for some work is then never heard from again. The decentralized nature of cryptos certainly has a tradeoff – unlike a credit card or bank transaction that can be reverted, a cryptocurrency transfer once confirmed is permanently recorded on the Blockchain. This is

    Protect Your Online Bitcoin Transactions Using a Multisig Escrow Wallet

    | 2017/12/30 5:00 pm
  • The Winklevoss twins have cut up and stored their Bitcoin keys in safety deposit boxes across multiple banks in the United States. One of the main problems with cryptocurrency is that thieves can plunder a person’s wallet, and there’s very little recourse that one can do in such a situation. To ensure that such an event doesn’t happen to their 120,000 bitcoins, the Winklevoss twins have cut up their Bitcoin keys into multiple pieces (on

    This is How The Winklevoss Twins ‘Hodl’ Their Billion in Bitcoin

    | 2017/12/25 7:30 am
  • Insurance companies, such as Chubb, are making a ransomware Bitcoin correlation, saying that the cryptocurrency’s rising price is leading to more ransomware attacks. Few things are as aggravating as having to pay a criminal ransom in order to gain access to your own files. Ransomware attacks have targeted everything from major corporations down to a local transit authority, and they’re increasing in frequency. Some of the insurance companies who have to deal with the fallout

    Insurance Companies Blame Bitcoin for Ransomware Increase

    | 2017/12/23 9:00 am
  • Desperate Bitcoin investors who cannot remember their wallets’ passwords are turning to hypnotism to retrieve the forgotten information. Others are banking on technology and building supercomputers, but even that is not enough. Early Bitcoin investors who bought the cryptocurrency while it was still in its infancy stand to profit the most from its recent explosive gains. However, some investors have long since forgotten their wallet passwords, and some are on the verge of going crazy

    Hypnotherapy – A Desperate Measure for Bitcoin Investors Who Forgot their Passwords

    | 2017/12/21 1:30 am
  • The latest North Korean cryptocurrency hacking attempt is using fake Facebook profiles of attractive women to get an in with crypto workers. Just when you think the North Korea cryptocurrency hacking attempts can’t get any more bizarre, a new story pops up to burst that assumption. The North Korean regime has spent the last couple of years targeting cryptocurrency in order to gain some much needed revenue, and you have to begrudgingly admire the lengths

    North Korea Cryptocurrency Hacking Attempts Now Feature Fake Facebook Profiles

    | 2017/12/20 12:15 am
  • South Korean exchange Youbit has announced it is filing for bankruptcy after hackers stole 17% of its net assets. ‘Very Sorry (Again)’ In an announcement on its homepage since reported by various news outlets, the relatively unknown exchange, which is not to be confused with the similarly-named Yobit.net, said it had made “every effort” to stay afloat. A previous hack in April saw 4000 BTC covertly leave Youbit’s books, an episode from which the exchange

    Youbit Exchange Files For Bankruptcy As Hackers Wipe 17% Of Assets

    | 2017/12/19 4:30 am
  • In a desperate bid for financial resources, North Korea and Kim Jong-un are unleashing hackers against Bitcoin exchanges. The continuing rise in Bitcoin value has had a lot of positive effects. People have made a lot of money on the cryptocurrency’s rise, and the accompanying headlines have brought more people into the crypto world. However, there is a downside to Bitcoin skyrocketing in value, which is having unsavory characters trying to get their hands on

    North Korea Trying to Hack Bitcoin Exchanges

    | 2017/12/10 5:45 am
  • Slovenia-based NiceHash, the cryptocurrency mining marketplace where users can rent their unused hashing power, announced on Wednesday that they had been hacked, resulting in a loss of funds estimated to be worth more than $75 million USD at current Bitcoin prices. Massive Security Breach The announcement, made via social media, indicated that NiceHash had suffered a massive security breach during which hackers were able to compromise the company’s payment system and steal the contents of both NiceHash’s

    Hackers Steal Over $75 Million in Bitcoin from NiceHash

    | 2017/12/07 2:30 pm
  • Initial coin offerings have become one of the most popular and easy ways to raise money online through cryptocurrencies. But ICOs have also become a popular way for fraudsters to scam people as the SEC recently showed by filing suit against the ICO by PlexCorps. ICO: A Threat to Venture Capital Firms? Early stage startup funding has been steadily declining over the last couple of months. The main reason behind this is the rapid rise of

    SEC Cyber Team Shuts Down Fraudulent ICO

    | 2017/12/05 12:30 am
  • An anonymous user on Pastebin has provided evidence that some wallet software may be generating private keys that can be easily discoverable, and therefore easy to take any bitcoins associated with that address. There has been no word on what wallet software is possibly affected, nor if this is a malicious act or a simple coding error. TL;DR – Scroll to the last subsection What is a Private  Key? I’m going to give a little

    Malicious Bitcoin Wallet Generation Software Could Produce Known Private Keys

    | 2017/11/30 10:00 pm
  • Bitcoin Gold (BTG) has just issued a warning about a suspicious file of unknown origin found on their download links on their web page and on their Github release page. It seems that Bitcoin Gold has been dealt more than their share of bad luck recently. The company is still mired in the aftermath of the MyBTGWallet scam, and now they have been hit with another problem that is causing them to issue a critical

    Bitcoin Gold Issues Critical Warning About Suspicious Windows Wallet File

    | 2017/11/25 9:45 pm
  • Xapo, the company owned by Wences Casares, recently allowed a reporter to visit their secret ex-military bunker in the Swiss Alps where they store Bitcoin for important clients. There are times when the real world can be as surreal and fantastic as a movie. Case in point is the recent article written by Joon Ian Wong for Quartz and the World Economic Forum detailing his trip to a secret military bunker in the Swiss Alps.

    Xapo Reveals Fortified Military Bunker for Storing Bitcoin

    | 2017/11/25 7:30 pm
  • $117,000 worth of Bitcoin was reportedly stolen from an Austrian man’s laptop in Vienna after he logged onto a public WIFI network at the restaurant he was eating in. The as yet unnamed victim, as reported by CBS News, told authorities that his Bitcoin was transferred from his wallet after he logged onto a public WIFI network at a restaurant in Innsbruck, Austria. Police have so far been unable to confirm whether the victim’s computer had

    Crypto Caper! Austrian Man has $117K in Bitcoin Stolen Over Public WIFI Network

    | 2017/11/25 1:45 pm
  • The continuous growth of Bitcoin value over time has got a flip side. It has given rise to a whole new cybercrime economy revolving around various scams. Crafty threat actors zero in on unsuspecting victims in a bid to make them lose their Bitcoins in the long run. This article will shed light on today’ most common cryptocurrency-borne frauds so that you can tell the wheat from the chaff when performing Bitcoin-related transactions. Rogue Bitcoin

    How to Protect Yourself from Common Bitcoin Scams

    | 2017/10/26 11:00 am
  • Hackers from North Korea have attempted to infiltrate several cryptocurrency exchanges in South Korea, and some entities are saying that this action should serve as a wake-up call. One can definitely say that the country of North Korea is not a highly desirable tourist destination. The ruling military dictatorship, currently under the control of Kim Jong-un, has kept the country isolated from the rest of the world for decades. While we sometimes laugh at the

    Hackers from North Korea Attempt to Steal Bitcoin

    | 2017/09/30 6:02 pm
  • A new kind of malicious malware has been discovered. This new malware is unique in that it is able to mine cryptocurrency on victims’ computers. The New Malware Most hackers that use malware are trying to steal sensitive data or get access to important accounts, but this newly discovered malware does something else. Famous Russian cyber security firm, Kaspersky Lab, has recently discovered a new type of malware that is able to infiltrate computers and mine

    New malware can mine cryptocurrency on your PC

    | 2017/09/07 1:45 pm
  • Hackers were able to breach into the landing page and social media accounts of Enigma and nab $500,000 worth of Ethereum from users. $500K Nabbed from Enigma The Enigma Catalyst project main idea is to offer a platform that allows users to create their own cryptocurrency hedge funds, by providing valuable investment data and strategies for traders. The blockchain project is being developed by a group of experienced MIT graduates. Many people are still struggling

    Over $500,000 Stolen in Enigma ICO Hack

    | 2017/08/23 3:30 am
  • I’ve finally decided to check out the Trezor, the original Bitcoin hardware wallet, to see why it’s a favorite among cryptocurrency users and how it compares to its main rivals, namely the Ledger Nano S and KeepKey. Trezor: Nothing Beats the Original? The Trezor hardware wallet is a perennial favorite among Bitcoin and cryptocurrency users. Released a few years ago, it was the first of its kind, combining user-friendliness and advanced security in handling Bitcoin private

    Battle of the Bitcoin Hardware Wallets: Trezor, KeepKey or Ledger Nano S?

    | 2017/06/20 7:01 am
  • Hacker group Shadow Brokers has allegedly proved that the US National Security Agency (NSA) hacked SWIFT international banking network. NSA ‘Documents And Files’ Show SWIFT Transactions ‘Monitored’ In “documents and files” released Friday, Reuters reports, the group said it had evidence the NSA used SWIFT to “monitor money flows among some Middle Eastern and Latin American banks.” The news marks the second time Shadow Brokers has laid claim to compromising NSA secrets. In August 2016,

    Global Banking System Under Threat As Hackers Crack NSA, SWIFT Again

    | 2017/04/15 2:00 pm
  • Cybercriminals are becoming more sophisticated. We have compiled a list of  7 ways criminals can steal your Bitcoins and how you can protect yourself from them. Top 7 Threats to You Bitcoin One of the defining aspects of Bitcoin is that it puts you in charge of your own finances. No one but you will dictate where you can spend your money or who to send it to. There is no censorship, there is only

    7 Ways Criminals Can Steal Your Bitcoins

    | 2017/03/26 3:00 am
  • As attackers exploited a bug that crashed 50% of Bitcoin Unlimited nodes Tuesday, the industry reacted saying its developers had a lucky financial escape. BU ‘Vulnerability’ Bug The attack occurred around half an hour after Bitcoin Unlimited was uploaded to Github, with nodes completely shutting down to the point where over half the network was no longer operating. As BU’s main proponent Roger Ver tried to salvage the situation, users reacted harshly, Ver having only a

    BU Critical Bug ‘Damage Would Have Been in the Millions’ During Fork

    | 2017/03/15 5:00 am
  • Google has said the world should stop using SHA-1 cryptographic hash function and move on to SHA-256 – the cryptography used in Bitcoin. Google: Move to SHA-256 ‘More Urgent Than Ever’ In a release late last month, the company said it had successfully achieved the “world’s first SHA-1 collision,” an experiment where two pieces of data share the same hash. The research was a joint project between Google researchers and the Centrum Wiskunde & Informatica

    Google: It’s ‘More Urgent Than Ever’ to Use Bitcoin’s Encryption

    | 2017/03/05 6:00 am