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Tag Archives: bitcoin

Bitcoin news roundup, July 22, 2017

This week’s summary of various cryptocurrency news and developments: New developments: BIP 91 has locked in with 84.7% support, but Bitcoin isn’t scaled yet Bitcoin’s scaling debate may finally be over, as Bitcoin Improvement Proposal (BIP) 91 has locked in with 84.7% support from miners who signaled for the proposal during 269 blocks, according to data from Coin.Dance. This allows ... Read More »

Analyzing Bitcoin Mining Botnets (Minerbots) – How Can We Shield Our Systems Against Minerbots?

Botnets have recently become one of the most serious forms of malicious tools used by cybercriminals to launch a myriad of attacks not only on individuals, but also on servers belonging to large organizations. Botnets can be used to perform a variety of malicious attacks including DDoS attacks, email spamming, phishing of private data, identity theft, bitcoin mining and others. ... Read More »

The 33-year-old suspect is facing 68 charges relating to the crimes he allegedly committed on the dark web forum.

Arizona Doctor Charged with Selling Bitcoin Without a License

A neurologist from Pheonix, Arizona has been indicted by a grand jury with operating an unlicensed money transmitting business. Dr. Peter Steinmetz was charged by the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) with violating the Banking Secrecy Act. FinCEN claims that Dr. Steinmetz and co-defendant Thomas Mario Costanzo “enabled their customers to exchange cash for ‘virtual currencies’ charging ... Read More »

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Bitcoin price analysis 19th July

Bitcoin is in Trouble This week Bitcoin’s internal wrangles, that have intensified over the past 4 months, dragged down prices to below the $2000 price level. Within hours, price painted a red candles spiralling down under the weight of the bitcoin scaling deadlock. The fast approaching August deadlines, that threaten to split bitcoin into 3 or more chains, turned into ... Read More »

Bitcoin news roundup, July 16, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Darknet market AlphaBay shut down by authorities; alleged admin found dead in Bangkok Reports suggest AlphaBay disappeared alongside unfolding raids in Canada, Thailand, and the United States. When the raids were first reported a spokesperson stated that a suspect had been arrested in Thailand, and now it is known ... Read More »

Comparing the Security of Bitcoin to That of Common Online Payment Systems

Today’s technology offers us numerous online payment systems which enable us to easily execute financial transactions from almost any spot on the globe, in real time, using any device with internet access. Nevertheless, on the world wide web, there are multiple threat agents, malicious activities, and vulnerabilities, as well as the existence of security exploits; all of which are revealed ... Read More »

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Bitcoin Price Analysis 12 July 2017

Will Bitcoin Tear Itself Apart? This week, the Bitcoin market sentiment seemed to suddenly turn from bullish to bearish overnight. Alternative cryptocurrency markets also turned bearish, as the sharp decline of bitcoin dragged everything down with it. Ethereum dropped 40% from $280 to a low $198 as at writing this. Bitcoin market dominance, a metric that tracks the market capitalization ... Read More »

Bitcoin news roundup, July 9, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Darknet market AlphaBay down for over +90 hours AlphaBay, one of the most popular darknet markets out there, has been down since Tuesday night. The online marketplace’s moderators, after over a day, informed users on Reddit that servers were being updated and that the marketplace would soon be back ... Read More »

Using Bitcoin To Incentivize Users Of Distributed P2P Applications

The efficiency of a decentralized peer-to-peer (P2P) application is mainly determined by the effective collaboration of users of mobile devices. Each and every user should be incentivized to compensate for consumption of computing resources as he/she collaborates with other users across the P2P network. On the other hand, appropriate incentivizing mechanisms that comply with the diversified requirements of users within ... Read More »

Abusing Bitcoin Blockchain for Fun and Profit

Hackers don’t stop at ‘What is it used for?’ but always extend their curiosity to ‘What it can be used for?’ and that’s part of what differentiates hacker’s mindset from many others. With that in mind, today we will look at good ol’ blockchain. Because it’s used for writing transactions, btc blockchain carries some properties you’re probably familiar with: public ... Read More »

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Bitcoin Price Analysis July 4th

The Scaling Debate Weighs on the price of Bitcoin Over the past 3 weeks, the price of Bitcoin has been reflective of the tension in the community surrounding a protocol scaling deadlock. Traders are clutching at straws, hoping for a return to the exciting bull trend since 2015. But the failure to break the $3,000 level, and a scaling debate ... Read More »

Bitcoin news roundup, July 2, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitcoiners created a petition asking Amazon to accept bitcoin and litecoin payments A new petition on Change.org is asking Amazon founder and CEO Jeff Bezos to start accepting both bitcoin and litecoin payments on the online marketplace, stating that Amazon’s customers would benefit from the move. Low transaction costs, ... Read More »

Opposition Leader Wants to Track Terrorist Bitcoin Use

On June 12, Leader of the Opposition in Australia, Bill Shorten, spoke to the House of Representatives about Bitcoin and encryption. Similar to other government-related discussions involving either topic, his argument called for government intervention. Shorten’s speech followed the direction of the opinions shared by the Minister Assisting the Prime Minister on Cybersecurity, Dan Tehan. Tehan voiced his recent concerns ... Read More »

Five National Guard Members Charged for Bitcoin Fraud

Recently returned and unsealed indictments accused Five National Guard guardsmen for Bitcoin, credit card, or access device fraud. All four defendants used Bitcoin to purchase stolen debit and credit cards from the internet. Then, according to the indictment, the men encoded blank cards with the stolen ones and made fraudulent purchases at Army and Air Force Exchange Service (AAFES) stores ... Read More »