bitcoin

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Bitcoin just passed $4,000

 What a day for Bitcoin. 24 hours ago the cryptocurrency was trading below $3,700. About an hour ago it surged passed $4,000 and has no signs of stopping. It’s now trading around $4,135.00. For reference, a week ago Bitcoin hit an all-time high as it passed $3,000 for the first time. Check out the chart below to see what the price has done in the last 24 hours. So the million… Read More

Tech

Bitcoin breaks $3,000 to reach new all-time high

 Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for… Read More

Business

The perps behind the ‘biggest ransomware attack ever’ appear to be moving their loot

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You’ve infected hundreds of thousands of computers across the globe with your ransomware, and victims’ cryptocurrency payments are flowing into your Bitcoin wallets.

How long should you wait to try and access that cash?

Well, for the perpetrators behind WannaCry, the answer appears to be about two and a half months. We can say this because the three Bitcoin wallets that held the ransomed loot were all suddenly emptied late Wednesday. 

And while we don’t know for sure that the same people who unleashed the attack are still in control of the wallets, the profound absence of a statement from law enforcement suggests, at the very least, the accounts haven’t been seized.  Read more…

More about Cybersecurity, Hackers, Hacking, Crime, and Bitcoin

Business

Warring factions are splitting Bitcoin in 2. Here’s what you need to know.

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The wild world of Bitcoin is about to get a whole lot wilder. 

On August 1, 2017, the preeminent cryptocurrency is set to break in two. Two warring factions, fundamentally divided on Bitcoin’s future, are coming to a head — and the impending split could either save Bitcoin or doom it.

The split, called a hard fork, will result in two separate and distinct cryptocurrencies: Bitcoin Cash and Bitcoin Core. Oh, and it also has the potential to create billions of dollars worth of new cryptocurrency out of thin air.  

But that’s not what this is really about. Bitcoin as it currently stands is in trouble, and with so much money on the line opposing parties have naturally come forward with plans to save it. And, surprise, they all don’t agree on the solution.  Read more…

More about Bitcoin, Cryptocurrency, Altcoin, Bitcoin Cash, and Tech

Business

It only took hackers 3 minutes to steal $7 million worth of Ether

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All it took was three minutes. 

Shortly after going live, CoinDash’s July 17 Initial Coin Offering (ICO) was in serious trouble. The company, which allows for the trading of the popular cryptocurrency Ether (the “money unit” of the Ethereum platform), was all set for a big fundraising round with investors given the chance to invest in CoinDash with Ether. It’s a well-established practice similar to an IPO: Buy into a company now in exchange for tokens, which are in some sense analogous to stock, and hope to reap the rewards later. 

It didn’t exactly work out as planned. 

More about Hackers, Hacking, Bitcoin, Ether, and Scam

Business

At $200 million, Tezos ICO is already the biggest ever, and it’s still going strong

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Right now, Tezos — a blockchain startup you’ve probably never heard of — is raising money through an initial coin offering, or ICO. Tezos has raised $206 million in about four days, and the sale is scheduled to continue for eight and a half more days.

At this rate, raising half a billion dollars is not unimaginable. 

Unlike many other recent ICOs, Tezos is not based on Ethereum. Instead, it operates on an entirely new blockchain, a “self-amending cryptoledger” that rewards developers who upgrade the network’s protocols and allows for “seamless,” consensual upgrades of those protocols (read the white paper here for a lot more detail). This makes it a competitor to Ethereum.  Read more…

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Business

Ransomware has been around for almost 30 years, so why does it feel like it’s getting worse?

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Ransomware is not new. The malware, which encrypts data and demands payment in exchange for decryption keys, has been with us for almost 30 years.

So why does it feel like it’s getting worse? Well, that’s because it is getting worse. 

In seemingly no time at all, ransomware has gone from an obscure threat faced by a select few to a plague crippling hospitals, banks, public transportation systems, and even video games. Frustratingly, the explosive growth of ransomware shows no signs of abating — leaving victims wondering why them, and why now?  Read more…

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