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05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
08/17/2021
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By Ethan Huff
100 million T-Mobile, Sprint customers hacked: SSNs, home addresses stolen
A massive data breach has occurred at T-Mobile and Sprint, exposing the private data of at least 100 million customers to hackers who are now trying to sell it on the black market in exchange for Bitcoin. According to reports, the stolen data includes social security numbers (SSNs), phone numbers, names, physical addresses, unique IMEI […]
06/15/2021
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By Nolan Barton
Cybercriminals ditching Bitcoin in favor of Monero
Cybercriminals who thought transacting in cryptocurrency automatically protected them from scrutiny were proven wrong when the Federal Bureau of Investigation (FBI) successfully breached a crypto wallet held by the Colonial Pipeline hackers. Now with this in mind, hackers have started turning to coins with anonymity built into them, such as Dash, Zcash and Monero. Monero, in particular, is quickly becoming […]
08/01/2020
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By Cassie B.
UCSF medical school pays hackers $1.14 million in bitcoin to get stolen data back
The University of California San Francisco paid $1.14 million in bitcoin to hackers following a ransomware attack that took place earlier this month. The attack encrypted data on the university’s School of Medicine servers, rendering it inaccessible. The hackers initially demanded $3 million, but the university got them to agree to a lower amount through […]
07/14/2018
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By Russel Davis
Have YOU been “cryptojacked?” Bitcoin miners are hacking computers; experts explain how to find out if you’ve been hit
Computer users may want to double check if something – or someone – is latching onto their devices, as experts recently raised the alarm on cryptojacking. Tech experts defined cryptojacking as an online activity that aims to exploit an untapped resource to develop an alternative revenue stream for games or media sites and simultaneously reduce the need to […]
06/28/2018
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By Ethan Huff
After all the hype, Bitcoin can only process 1/1000th the number of transactions as VISA… cryptos “fatally flawed” warns report
The concept behind a peer-to-peer digital currency that’s controlled by the people rather than a private central bank is highly appealing in this day and age of ever-rising inflation. But the practical use of cryptocurrency is a completely different story, particularly with Bitcoin, which a new report says simply can’t be properly scaled for widespread […]
06/01/2018
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By Ethan Huff
Cryptocurrency blockchains being sabotaged in “51 percent attacks” to steal virtual coins
The plotline of the recently-aired season finale of the fifth season of Silicon Valley eerily came to life this past week when nearly $20 million worth of cryptocurrency was stolen from online exchanges. Crypto-mining thieves reportedly took over the digital currency platforms and proceeded to claw whatever they could from user accounts, capturing tens of […]
04/20/2018
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By David Williams
“Tamper-proof” cryptocurrency wallet just backdoored by a 15-year-old self-taught programmer
Cryptocurrency wallets were invented to allow those who owned cryptocurrencies, such as Bitcoin, to have an easy way to store and access them via hardware. For a long time, the makers of these devices marketed their products as tamper-proof and capable of keeping any and all of their contents safe. But as it turns out, […]
03/24/2018
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By Lance D Johanson
Bitcoin users are systematically targeted by the NSA to track their computer activity and crypto transactions
According to an internal NSA memo dated March 2013, the National Security Administration (NSA) has been systematically targeting any Bitcoin users they want, by tricking them into giving up personal information through privacy protection software and by tracking their computer activity and financial transactions. People who want to preserve the privacy of their financial transactions gravitate toward cryptocurrencies […]
02/25/2018
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By David Williams
Bitcoin wallet devices found to be surprisingly vulnerable to hacking
People have touted bitcoin to be much more secure than most existing financial services. However, it’s not immune to hacks and other intrusions. A group of computer scientists has just shown how vulnerable Bitcoin can truly be, particularly when stored inside so-called hardware wallets that are meant to keep them safe in an analog form. […]
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