cryptocurrency

  1. FrgMstr

    Cryptocurrency Shocker - Fraud and Deceit

    What happens when you sell virtual shares of companies that require a bitcoin purchase and then sell those bitcoins off on the open market for real dollars and use that money for personal purchases? You are probably going to jail for a while. While we do not know if Jon Montroll is going to...
  2. DooKey

    HashFlare Abruptly Shuts Down SHA-256 Mining Equipment and Users Scream

    HashFlare is one of the largest mining companies out there and they have abruptly shutdown all of their SHA-256 (Bitcoin) mining equipment. Needless to say their customers are howling at the moon and some have lost thousands of dollars on contracts they had with HashFlare. You can check out this...
  3. FrgMstr

    You and Your Upcoming Blockchain Phone

    We have talked about blockchain smartphones in the past a bit. And today HTC is announcing its first blockchain phone, the EXODUS, this year. HTC says, "Our vision is to expand the blockchain ecosystem by creating the world’s first phone dedicated to decentralized applications and security...
  4. cageymaru

    Hackers Steal $13.5 Million in Cryptocurrency From Israeli Based Bancor Exchange

    Israeli based Bancor exchange was the site of a breach in which $23.5 million was initially stolen from its customer's cryptocurrency wallets. $12.5 million in Ethereum, $1 million in Pundi, and another $10 million in Bancor tokens was stolen when a wallet used to upgrade smart contracts was...
  5. DooKey

    Cryptocurrency Exchange Theft Surges in First Half of 2018

    According to Reuters, cybersecurity firm CipherTrace has released a report that shows cryptocurrency exchange theft in the first six months of this year surged three times higher than all of 2017. They say this led to a three-fold increase in associated money laundering as a result. Also...
  6. DooKey

    Gigabyte Graphics Card Shipments to Fall 20% in 2Q18

    Gigabyte is expecting their graphics card business to take a hit now that cryptocurrency mining demand has dropped. In 2Q they saw their shipments drop from 1.2M to 1M. Also, the average selling price of their cards dropped 10%. With that said, Gigabyte has decided that hitching their wagon to...
  7. FrgMstr

    Facebook Eases Ban on Crypto Ads - Crypto Rejoices

    I was reading Reuters this morning that Facebook is pulling back some on its cryptocurrency advertising ban. It will now allow pre-approved advertisers to hawk their crypto wares Facebook. You can argue that choice all you want, but Facebook can advertise anything it wants to within reason, so...
  8. FrgMstr

    $32M in Bitcoin Stolen from Seoul Exchange

    Bithumb, a South Korean cryptocurrency that is the largest in the nation with more than 1M customers, has let its user base know that over $32M in Bitcoin was stolen. As to how it exactly happened, no details were given. Bitcoin's price dropped a tad on the news (about 20 hours ago), but the...
  9. FrgMstr

    Cryptocurrencies are Going to Kill Us All

    Hyun Song likens Bitcoin to Beanie Babies. Other crypto-scams are like unicorns. Check out the video. Hyun Song Shin speaks about Chapter V of the Annual Economic Report 2018. Cryptocurrencies' decentralised model of generating trust limits their potential to replace conventional money, the...
  10. DooKey

    SEC Official Declares Ethereum is not a Security

    In an interesting move yesterday an official from the Securities and Exchange Commission declared that Ethereum is not a security. This is just one official stating this, but if the SEC sticks to this position it might mean less regulation of Ethereum in the future and may help this...
  11. R

    Bitcoin Prices Were Manipulated

    Finance professor John Griffin, and graduate student Amin Shams from the University of Texas have posted a paper showing that the price of Bitcoin may have been manipulated late last year when it's price ran up to record highs according to an article from The Hill. The paper states: "By mapping...
  12. FrgMstr

    Cryptocurrency on Trial

    While My Big Coin is probably not on anyone's radar when it comes to cryptocurrency, it could very well be at the middle of setting a huge precedent in the crypto world. Depending on how this case goes, it could very well give the U.S. Commodity Futures Trading Commission oversight when it...
  13. R

    Become The Cryptocurrency in Dungeon Defenders II

    I have stopped facepalming long enough to tell you that Newswire.ca is reporting that the upcoming game, Dungeon Defenders II, will feature a new form of monetization called Loot. Now that the shock from how clever that name is has passed, I can tell you that Loot, is a blockchain protocol, and...
  14. FrgMstr

    Apple Hates Cryptocurrencies

    Apple has changed its developer guidelines to specifically point out that cryptocurrency mining is a no-go from now on. Given the stresses that these types of programs could put on mobile devices is certainly understandable given that many of these devices are not in any way designed to handle...
  15. FrgMstr

    Misfortunate Misconfiguration = Fortune!

    Researchers from Chinese Cyber Security Firm 360 Netlab have discovered that over $20 million dollars worth of Ethereum has been stolen from users with misconfigured Ethereum applications since March of this year. Just to add a little flavor to the conversation, there were only 3.96 Etherium on...
  16. FrgMstr

    Bitcoin Down Sharply After Exchange Hack

    Reuters is reporting that a relatively small South Korean cryptocurrency exchange has been hacked to the tune of about $37M worth of virtual currency. This has sent Bitcoin to a two month low price. In a statement on its website on Monday, Coinrail said its system was hit by “cyber intrusion”...
  17. DooKey

    Bitcoin Price Forecast to Double as Experts Revise Cryptocurrency Predictions

    Some cryptocurrency experts say that bitcoin prices are going to double this year even though the prices have been stagnant for several months now. The most likely reason for this stagnation is the uncertainty of regulation. As regulations become clearer the experts expect the prices of...
  18. DooKey

    ASUS Releasing New 20 GPU Cryptocurrency Mining Motherboard

    ASUS has designed a new cryptocurrency mining motherboard that has 20 PCIe over USB slots onboard that can handle the same number of GPUs. They previously released a 19 GPU mining board which used PCIe x1 slots to handle the GPU load. The new board is going to be demonstrated at Computex 2018 in...
  19. DooKey

    U.S. Launches Criminal Probe into Bitcoin Price Manipulation

    The DoJ has opened up a criminal probe into possible manipulation of cryptocurrency prices. Apparently, the DoJ is concerned about fraud because they aren't sure exchanges are going after cheaters and there is a lack of regulation like those that govern stocks. Primary targets of the...
  20. FrgMstr

    SHOCKER - Coinhive URL Shortener Used for Crypto Mining Attacks

    Security researches at Securi have identified hundreds of websites that have been utilizing the Coinhive URL shortener to mine cryptocurrency on unsuspecting user devices. What is the Coinhive URL shortener? I'm glad you asked. Coinhive describes it as this: “If you have an URL you’d like to...
  21. FrgMstr

    WSJ says 1 in 5 Crypto ICOs are a Scam

    Hold onto your hats, as this is shocking news from the Wall Street Journal (archive link). They took a deep dive into 1,450 crypto ICOs and found that 271 had very questionable backgrounds. What scam is next? A cryptocurrency for e-sports betting so we can fleece the kids for their pocket...
  22. FrgMstr

    Crypto Slowdown to Bring DRAM Prices Down

    While most of the cryptocurrency impact rage has been directed at the GPU market, it has surely impacted pricing in the DRAM market as well, along with DRAM price fixing as well. This "Go home memory prices, you're drunk" thread comes to mind that was started back in June of 2017. However...
  23. Gilthanis

    How to earn Electroneum on an Android device (simulated mining)

    The Android wallet application does not actually do "real mining". Rather it does "simulated mining". That means it shows you what the application would look like if it were to really be using your device to mine. It does not pull very much system resources (CPU, battery, data, etc...). It can...
  24. DooKey

    Earn Interest on Your Cryptocurrency

    Compound is the first-ever investment that Coinbase has made through their venture fund and they are hoping it's a product that cryptocurrency users will be interested in. Compound is based on the Ethereum blockchain and it's going to allow very short term lending of cryptocurrency. However...
  25. R

    Bitcoin's Growing Energy Problems

    This isn't the first time that we have reported on the energy consumption of cryptocurrency mining, however this is the first time that a peer reviewed paper is looking into it. Financial economist Alex de Vries published a paper in Joule today that makes a solid prediction on the amount of...
  26. DooKey

    Facebook is Reportedly Very Serious About Launching its Own Cryptocurrency

    According to a report from the website Cheddar (WARNING autoplay video), Facebook is very serious about launching their own cryptocurrency. Of course they are citing anonymous sources, however, it may be true since Facebook has recently formed their own blockchain group. Anyway, it's still a few...
  27. FrgMstr

    Intangible Labs Focuses on Stable Cryptocurrency

    This story at Motherboard is a fairly long read, but an interesting one, and one that the editor does not seem too happy with. One of the biggest reasons that people do not use cryptocurrencies widely is the fact that fluctuating values make it a volatile investment at the least, and something...
  28. FrgMstr

    Is the Mining Craze Over for Now

    This is music to the gamers' ears. "Taiwan graphic card makers to see shipments plunge 40% in April," as reported by DigiTimes. It looks as though mining has finally hit the wall for a bit in terms of driving the market to crazy prices that many of us simply cannot afford. MSRP GPUs are a...
  29. R

    MyEtherWallet Hacked Via BGP Hijacking

    At midnight, users visiting MyEtherWallet.com found a warning for an unsigned SSL certificate. Those that chose to ignore the warning, got their wallets emptied. The Verge is reporting that hackers attacked the infrastructure of the internet, by hijacking a Border Gateway Protocol router in the...
  30. DooKey

    Amazon Receives Patent for Cryptocurrency Tracking

    Amazon just received a patent for a product that tracks cryptocurrency transactions. It's going to be a subscription service that agencies can use to identify those that use cryptocurrency. Some of the primary targets that Amazon is going after are law enforcement and the IRS. Whether or not...
  31. R

    Cryptocurrency Exit Scam Robs Investors of $50 Million

    Not even a week after an ICO scam cost investors $660 Million, another exit scam has occurred costing investors $50 million. CoinTelegraph is reporting that the founder German-based startup Savedroid, Yassin Hankir, has absconded with the money raised from an initial coin offering, as well as...
  32. R

    Cambridge Analytica Planned a Cryptocurrency ICO

    The New York Times is reporting that the now infamous Cambridge Analytica was quietly planning to offer its own virtual currency in an initial coin offering. The New York Times obtained documents and emails that show Cambridge Analytica was also promoting another cryptocurrency behind the...
  33. R

    Ethereum ASIC Has Performance of 8 GTX 1080s for $800

    ASIC hardware manufacturer Bitmain has released its ASIC for Ethash according to an article last week from HotHardware. Two weeks ago we wrote how Bitmain was planning to roll out an ASIC for Ethereum, and the impact that the rumor had on AMD stock. The new Antminer E3 is available for pre-order...
  34. FrgMstr

    ASIC Miners and Cryptocurrency

    This is actually a very good article over at Motherboard about ASICs and what sort of wide reaching effects those could have on the cryptocurrency markets. One side of me says, great, bring it on so we can finally buy GPUs at MSRP to get our game on. The other side of me says, dammit, they...
  35. DooKey

    India Puts the Brakes on Cryptocurrency Trading

    Yesterday the central bank of India released new monetary policy that forbids regulated entities from dealing with individuals or business that's buying or selling cryptocurrencies. Basically, they can't facilitate any kinds of transfers of funds to digital wallets or private banks for purposes...
  36. DooKey

    Verge Cryptocurrency Hacked

    Verge came under attack yesterday for a period of three hours and the hacker made off with $780K worth of the cryptocurrency. It's thought the hacker came up with a way to mine large numbers of blocks very quickly and get 1560 Verge per second. The Verge team is working on a fix to the hack...
  37. FrgMstr

    Bitcoin Minus $119B..with a B

    Bitcoin has turned a bit of ugly, or pretty, depending on how you look at it. USA Today reports that after its huge rise at the end of last year, Bitcoin has had its worst first quarter in history with over $119 BILLION wiped off its value, with most other cryptocurrencies following suit. You...
  38. FrgMstr

    How to Make Money Off Cryptocurrency

    John McAfee charges $105,000 per cryptocurrency tweet. If this guy knew anything about marketing, that price would be $104,999.99 and those tweets will fly off the shelves! If you have not watched Gringo: The Dangerous Life of John McAfee, you should catch it on Netflix. In related news...
  39. R

    Chrome Blocking Cryptojacking Extensions

    In a post on the Chromium Blog, Extensions Platform manager, James Wagner has announced that they are no longer accepting extensions that mine cryptocurrency. Previously the Chrome web store permitting extensions that mined Cryptocurrency, provided that that was the extension's single purpose...
  40. DooKey

    Crytpocurrency Not a Safe Way to Launder Your Stolen Money

    Europol recently caught the mastermind of the plot to hack over $1B from financial institutions back in 2013. The criminals tricked banks into downloading fake ATM software and this allowed them to empty out the ATMs at will. Once they got the cash they put in in bank accounts and then bought...
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