Cryptocurrency

Salon's new business plan is running cryptocurrency-mining malware on your computer

Gotta mine that gold.Image: pinglabel/Getty Images By Jack Morse2018-02-13 20:22:35 UTC It’s hard out there for a publisher. But what if, ya know, the blockchain could fix it? That appears to be the thinking of digital media brand Salon, which today launched a new way to generate revenue off its readers. No, not some fancy …

Coincheck users are suing to get their money off the hacked cryptocurrency exchange

The fallout from the year’s biggest cryptocurrency hack to date continues. On Monday, Reuters reported that 10 traders who used the Tokyo-based exchange Coincheck are preparing to file a lawsuit with Tokyo’s District Court on Thursday. The plaintiffs will be represented by Hiromu Mochizuki, who has been tweeting some updates about the case. During the aftermath …

Italian cryptocurrency exchange gets hacked for $170 million in Nano

The obscure Italian coin exchange BitGrail looks to be the latest cryptocurrency cautionary tale. On Friday, the site posted a notice to users informing them that hackers had made off with 17 million units of Nano (XRB), the coin formerly known as RaiBlocks. While Nano was worth as little as 20 cents in late November, …

Cryptocurrency-mining malware put UK and US government machines to work

Over the weekend, a little piece of malware was hard at work mining cryptocurrency on government computers. Security researcher Scott Helme first noticed the malware, which he believes was running on more than 4,000 sites, including the U.K.’s Information Commissioner’s Office (ico.org.uk) and the website for the American court system (uscourts.gov). The malware leveraged the …

How Does the Blockchain Work? Pt. 3

This article was originally published on Blockchain Review. Thank you for supporting the partners who make SitePoint possible. What is consensus and why does it matter? The world of Bitcoin and underlying technologies of distributed ledger and blockchain are experiencing rapid change and growth. As low-trust digital systems gain adherents and differing use cases, developers …

How Does the Blockchain Work? Pt. 4

This article was originally published on Blockchain Review. Thank you for supporting the partners who make SitePoint possible. What’s the difference between a private, public, and consortium blockchain? Understanding this is important. As financial institutions begin to explore the possibilities of blockchain technology, they are coming up with systems that complement their existing business models. …

Facebook ban on cryptocurrency ads curbs education. Bad actors still thrive.

I’ll never let go.Image: nurphoto/getty images By Kerry Flynn2018-02-10 21:26:26 UTC What’s the difference between BITCOIN and BITC0IN?  Well, using latter might help you reach millions of people thanks to Facebook’s poorly enforced rules of advertising cryptocurrencies.  Facebook announced last month that it would begin prohibiting ads promoting “financial products and services that are frequently …