• The Commodity Futures Trading Commission Fined Bitfinex $75,000 today for “offering illegal off-exchange financed retail commodity transactions in bitcoin and other cryptocurrencies,” citing the Commodity Exchange Act and Dodd-Frank for the action. This development may be the first of many to come if similar services, that host proxy wallets for the user, are found to be in violation of the same regulations. Also Read : Allwinner Backdoor puts SoC users at Risk CTFC Fines Bitfinex

    CTFC Levels 75,000 Dollar Fine at Bitfinex

    | 2016/06/02 7:37 pm
  • According to a report from the Federal Reserve, the financial institution has faced over 300 cyber attacks between 2011 and 2015. This number is quite significant, but it is not surprising in the last, as hackers have taken a liking to attacking financial institutions. Also read: Spoofed Kraken Email Is A Mt.Gox Victims Phishing Attempt Although the report is only available in heavily redacted format, Reuters has managed to extract some interesting details. In several

    Federal Reserve Faced Hundreds of Cyber Attacks Since 2011

    | 2016/06/02 10:18 am
  • It appears as if there is a phishing email making the rounds regarding the ongoing Mt. Gox investigation. These emails are allegedly coming from the Kraken exchange, and contain a link to a Google Drive file. Also read: Six Russian Banks Lose US$25.7m To Hacker Collective That file supposedly holds the list of all accepted and rejected Mt. Gox claims, but there is a likely chance this is an attempt to infect users with malware

    Spoofed Kraken Email Is A Mt.Gox Victims Phishing Attempt

    | 2016/06/02 4:28 am
  • The rise of Ethereum’s The DAO is certainly cause for excitement. However, for Dash, the prospect of successfully operating a decentralized autonomous organization is already old news. Disclaimer: This article was provided by the Vanbex Group. Bitcoinist is not affiliated with the firms represented by the Vanbex Group and is not responsible for their products and/or services. Created in 2014 by Evan Duffield as “Darkcoin,” Dash quickly grew from a platform for highly-anonymized transactions to

    Dash: The Original DAO

    | 2016/06/01 2:26 pm
  • According to Russian news sources, over US$25.7m has been stolen from Russian banks. This has nothing to do with yet another Swift network breach, though. A hacker collective is involved in the creation and distribution of malware, used to steal money from Russian bank accounts. Also read: Sandjacking iOS Exploit Threatens Bitcoin and Ethereum Wallets Earlier today, Russian law enforcement officials have arrested fourteen people of an undisclosed hacker collective. All of these people are

    Six Russian Banks Lose US$25.7m To Hacker Collective

    | 2016/06/01 10:24 am
  • Albeit Bitcoin and Ethereum wallets have only recently started appearing on the iOS App Store; cryptocurrency users will need to be extra vigilant. A new hack allows attackers to switch legitimate applications with malicious versions. This also means we may very well see fake bitcoin and Ethereum wallet releases in the future. Also read: Allwinner Leaves Root Exploit in Linux Kernel, Putting ARM Devices at Risk It has to be said, however, this attack requires

    Sandjacking iOS Exploit Threatens Bitcoin and Ethereum Wallets

    | 2016/06/01 3:56 am
  • Running a Bitcoin node on your ARM single board computer? Fan of cheap Chinese tablets and smartphones? Maybe you contributed to the recent CHIP computer Kickstarter, or host a wallet on one of these devices. Well, if any of these applies to you, and your device is powered by an Allwinner SoC, you should probably wipe it and put an OS on it with the most recent kernel release. Why? Allwinner left a development “tool”

    Allwinner Leaves Root Exploit in Linux Kernel, Putting ARM Devices at Risk

    | 2016/05/31 7:53 pm
  • Bitcoin seems to hold a lot of merit in the world micro- and nano-transactions. SatoshiPay is one of the companies exploring this space, and they have released their new API earlier today. Additionally, the company also announced they reached the milestone of 10,000 user-generated wallets. Also read: Bitmain’s Antminer S9 Announced at 14 th/s Using 16nm ASICs Content creators are always looking for new ways to monetize their efforts, yet it is proving increasingly difficult

    SatoshiPay Unveils New API And Surpasses 10,000 User Wallets

    | 2016/05/31 11:39 am
  • Bitmain has just released the specifications and a rough shipping time frame of the long-awaited Antminer S9 using the new 16nm process for the ASIC.   Also Read: Bitmain Adds Ethereum Mining Support To Antpool The new S9 uses 189 chips to achieve this speed across 3 boards. Power consumption has been dropped to 0.1 J/GH for a power pull of roughly 1380 watts. This step up in chip speed and power is still presented in a

    Bitmain’s Antminer S9 Announced at 14 th/s Using 16nm ASICs

    | 2016/05/31 7:00 am
  • PayPal has decided to no longer offer their services in Turkey because the company could not get the necessary license from the local authorities. If even payment giants like PayPal are facing regulatory scrutiny, perhaps it is time for a change. Also read: Cerber Ransomware Offered As-a-service By Internet Criminals The news about PayPal no longer being available in Turkey took a lot of people by surprise. In fact, no one saw this decision coming,

    PayPal Halts Service In Turkey Over Licensing Issues

    | 2016/05/31 2:52 am
  • The United States Postal Service (USPS) and the blockchain join hands; Mt. Gox creditors aim to get what’s theirs, and Swift gets slowed down by bank breaches. Want to see what you’ve been missing in digital currency news? Take a gander at the stories below: Also read: Industry Report: Lisk, the First ‘modular’ Currency? USPS Are the United States Postal Service and the blockchain the digital world’s new power couple? According to a new report,

    Industry Report: The USPS Does Digital Currency

    | 2016/05/30 9:00 am
  • Bitcoin ransomware keeps evolving, as developers want to do everything they can to outsmart security researchers. Cerber, one of the most potent forms of malware, is being offered on a ransom-as-a-service basis right now. But that is not the only new aspect about this strain of ransomware. The distribution method of Cerber has changed as well. Up until this point, this malware used to spread itself via macro-enabled Word documents. That model has undergone some

    Cerber Ransomware Offered As-a-service By Internet Criminals

    | 2016/05/30 8:45 am
  • Bitcoin mining hardware manufacturer Bitmain has announced they added support for Ethereum mining on Antpool as of May 28. In doing so, the company is welcoming all Ethereum enthusiasts to point their rigs at a new mining pool with a solid reputation. Also read: Snapchat Valuation Soars Due To Fintech Features Antpool Welcomes Ethereum Miners It is quite an interesting change to see Bitcoin mining pools expand their offering to Ethereum miners as well. Albeit

    Bitmain Adds Ethereum Mining Support To Antpool

    | 2016/05/30 2:38 am
  • We all knew the bitcoin price wouldn’t stay down for long. Following what some felt was a crushing blow at the hands of Ether, bitcoin has jumped up by nearly $100 and is now hovering at $537 at press time. Also read: Bitcoin Rises, But What Will Happen in July at the Halving? Bitcoin Price Takes Off Just when we thought bitcoin was down for the count, something in its DNA has changed to give

    Bitcoin’s Price Explodes, Is $600 Around the Corner?

    | 2016/05/30 2:00 am
  • Geneva, Switzerland — The first blockchain-based trading card game (TCG), Spells of Genesis (SoG), developed by Swiss online game developer EverdreamSoft, is set to launch in September with a soft release scheduled for August. Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services. Spells of Genesis to Launch Fall 2016 The soft launch will be in smaller, English-speaking markets, and possibly Japan via Apple’s and Google’s app stores.

    Spells of Genesis Full Release Coming Fall 2016

    | 2016/05/28 7:39 pm
  • Emercoin is unique, its platform and ecosystem of decentralizing products bears recognition as a next-generation environment of services and tools. Beneath that umbrella exists a decentralized DNS (Domain Name System) service that is beyond much else in today’s market. Disclaimer: This article was provided by the Vanbex Group. Bitcoinist is not affiliated with the firms represented by the Vanbex Group and is not responsible for their products and/or services.  Emercoin: Innovating the Internet Among the

    Emercoin: Decentralizing DNS Services

    | 2016/05/28 1:30 pm
  • The recent news of how Snapchat is valued at US$18bn has sent shockwaves through the financial world. For a company that is not monetized in a traditional way, there seems to be a lot of interest from investors. So much even that the company continues to raise cash, albeit their business model may not be very clear to most people. Also read: Swift Investigation Highlights Twelve More Potential Breaches Most people know Snapchat as a

    Snapchat Valuation Soars Due To Fintech Features

    | 2016/05/28 5:55 am
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    Vancouver, B.C. — The Vanbex Group and d10e are proud to announce a new partnership between the Vancouver-based professional services firm and international conference hosts d10e. Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services. The Vanbex Group will provide communications, public relations and strategic services to d10e to help deliver an unprecedented, exclusive and intimate exploration of the hottest developments in decentralization. “We are very excited to

     D10e to Deliver First-of-its-Kind Blockchain Event With Virtual Reality

    | 2016/05/28 5:00 am
  • Spanish bitcoin payment platform Bitnovo is now offering new payment options, one of which is a “Bitcoin charged” debit card that can be used at all retailers and MasterCard-accepting ATMs. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services. Converting Between Bitcoin and Euros With Bitnovo Since its launch 6 months ago in December

    Bitnovo Allows Direct Bitcoin Wallet Access With New Debit Cards

    | 2016/05/27 6:00 pm
  • On May 19, 2016 Blockchain & Bitcoin Conference Prague – the second annual conference dedicated to cryptocurrency and blockchain technology took place in the Czech Republic. In 2016 to the conference former name (Bitcoin Conference) the word ‘Blockchain’ was added, since it is data structure blocks that developers, investors and financial institutions have focused on. Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s goods and/or services. What Happened at the

    Blockchain 2016: Results of Prague Conference

    | 2016/05/27 4:18 pm
  • OpenLedger, supported by Danish cryptocurrency exchange CCEDK, is extending its “Initial Coin Offering OpenLedger,” (ICOO) in an effort to host more ICOs on the platform. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services. OpenLedger ‘ICOO’ Aims to Improve ICO Success Rates The ICOO is a token-based service, in which people can trade ICOO

    OpenLedger Announces ‘ICOO’ Platform to Increase Startup Funding

    | 2016/05/27 3:00 pm
  • Ledger, in partnership with mBit Casino, will distribute hundreds of ledger wallets to customers between May 23 and June 7, 2016. This program is set to be “the largest distribution of Bitcoin hardware wallets to date.” Disclaimer: This article was provided by Bitcoin PR Buzz. MBit Casino is an advertiser on Bitcoinist.net, but Bitcoinist is not responsible for its products and/or services. Win a Ledger Wallet at mBit Casino During the 15-day “Ledger Race” giveaway,

    MBit Casino Launches Largest Ledger Wallet Giveaway in History

    | 2016/05/27 12:58 pm
  • The Swift payment network breaches have been making media headlines for several weeks now. But it appears more than three banks may have been breached, as researchers are investigating 12 similar incidents. Although nothing has been confirmed yet, this news does not bode well for the financial ecosystem. Also read: Industry Report: Lisk, The First ‘modular’ Currency? A lot of people were concerned about Swift when it became clear more than one bank lost funds

    Swift Investigation Highlights Twelve More Potential Breaches

    | 2016/05/27 9:14 am