Tagged: bitcoin

September 30, 2018 @ 6:46 pm By Cali Haan  |  

Port of San Diego CEO Randa Coniglio announced this week that Port of San Diego computer systems suffered a “serious” ransomware attack on September 25th, with hackers demanding a ransom of Bitcoin to unlock affected systems. “The Port of San Diego has experienced a serious… Read More

September 29, 2018 @ 11:18 am By Xu Gao  |  

Bitcoin Mining Giant Bitmain Goes Public in Hong Kong On September 26th, Bitmain, a Beijing-based Bitcoin mining giant, finally disclosed its IPO prospectus to be listed on the Hong Kong Stock Exchange. CICC will serve as the sole sponsor. According to the prospectus, Bitmain’s net… Read More

September 27, 2018 @ 6:38 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) announced an enforcement action today against an Austria based international securities dealer with providing securities swaps funded by Bitcoin. The SEC charges Patrick Brunner, CEO of 1pool Ltd. a/k/a 1Broker – registered in the Marshall Islands, with violations of US… Read More

September 27, 2018 @ 2:40 pm By Cali Haan  |  

Lourdes Miranda, an independent financial intelligence analyst/financial crimes investigator, and Ross Delston, a lawyer specialized in anti-money laundering, have told the Asia Times that they believe North Korea (DPRK) is probably using cryptocurrency channels to skirt US sanctions. “International criminals everywhere prefer crypto-currencies and the… Read More

September 26, 2018 @ 8:26 pm By Cali Haan  |  

Government agencies in the US have more than tripled the amount of money they are allotting to private firms doing forensics on blockchains like Bitcoin, says weekly newsletter for institutions, diar. The biggest spender by far is the Internal Revenue Service (IRS), which is “accounting… Read More

September 24, 2018 @ 12:52 pm By Cali Haan  |  

Support has been snowballing for a young woman attempting to live exclusively on .21 Bitcoin (about $1300) for 21 days in crypto-hostile China, Bitcoin.com reports. He Youbing’s experiment is being documented by a Chinese subscription channel, and 17 episodes of Bitcoin Girl 21 Days Digital Survival… Read More

September 24, 2018 @ 11:42 am By JD Alois  |  

Recent, huge Bitcoin trades have generated a lot of chatter from the Cryptoati. Not too long ago, an enormous sum of BTC “woke up” and moved around $720 million worth of Bitcoin. Speculation is that it represents crypto from the Silk Road days. That represents… Read More

September 23, 2018 @ 10:10 pm By Cali Haan  |  

Bitcoin entrepreneurs Alena Vranova and Giacomo Zucco announced today that they are creating a foundation to help Bitcoin, an automated, autonomous payment network invented in 2009, compete with centralized cryptocurrency ventures. Vranova, an early adopter of Bitcoin and co-creator of the Bitcoin projects Slush Pool,… Read More

September 23, 2018 @ 2:34 pm By Cali Haan  |  

The Baltic Honey Badger Conference of 2018, held this year in Riga, Latvia, wrapped up today with a panel featuring Adam Back, the CEO of Blockstream, Giacomo Zucco, CEO at BHB Network; Tone Vays, a former Wall Street risk analyst and Bitcoin advocate; and Eric Lombrozo,… Read More

September 21, 2018 @ 10:13 am By JD Alois  |  

The saga of the GAW Miners / ZenMiner fraud has come to an end. On September 13, 2018, the perpetrator of the fraud, Homero Joshua Garza, was sentenced to 21 months of imprisonment. The criminal action was completed alongside an SEC civil enforcement action. The US… Read More

September 20, 2018 @ 8:37 am By Cali Haan  |  

Soluna, a self-described “blockchain company” with offices in New York has announced plans to build a 37,000 acre wind farm and Bitcoin mine in a part of Morocco the Sahrawi tribe says belongs to them, Ars Technica reports. Soluna is seeking $100 million from investors… Read More

September 19, 2018 @ 8:14 pm By Cali Haan  |  

A South African businessperson kidnapped two months ago was returned safely to his family this week amid rumours that captors demanded a ransom of 50 Bitcoins for his release. According to The South African, Liyaqat Parker, 65, was kidnapped from the parking garage under his workplace… Read More

September 18, 2018 @ 10:22 pm By Cali Haan  |  

Relatively few opportunities to invest and the generally poor functionality of banking systems in Palestine are driving demand for Bitcoin in the region, but a comprehensive positive effect will probably not be felt soon, Coindesk reports. A Bitcoin dealer in Gaza called Mohammed says he has… Read More

September 18, 2018 @ 9:20 pm By Cali Haan  |  

The People’s Bank of China admitted today that it is responsible for coordinating and initiating a spate of recent measures designed to quash cryptocurrency and ICO (initial coin offering) activity China. The bank says its National Internet Financial Risk Special Remediation Leading Group has been orchestrating… Read More

September 17, 2018 @ 1:37 pm By Cali Haan  |  

American crypto exchange Coinbase is hiring massively to staff brand new New York offices built exclusively to accommodate institutional clients, Coindesk reports. The exchange held a party to inaugurate the new office last week. Employees had previously occupied co-working space at WeWork NYC. Coinbase hopes… Read More

September 17, 2018 @ 10:55 am By Cali Haan  |  

The head of email security at Google says research tracing crypto thefts thefts back to comments made on online message boards means you should never talk up your crypto online, CNBC reports. This is because you never know who is watching nor how the info you… Read More

September 16, 2018 @ 8:45 pm By Steven McClurg and Katie Talati  |  

Bitcoin Cash Basics Bitcoin Cash was born in August 2017 as the result of a hard fork from the Bitcoin network. Discussions began in early 2017 among the Bitcoin community to rollout the SegWit update which would allow scaling of the blockchain. However, a subset… Read More

September 15, 2018 @ 1:34 pm By Cali Haan  |  

The Chief Commercial Officer of Bitpay, Sonny Singh, told Bloomberg this week that he and his colleagues at Bitpay have “never been more bullish” about Bitcoin though certain “altcoins” (cryptocurrencies other than Bitcoin) will never recover from current market downturns. Bitpay is a Bitcoin retail… Read More

September 14, 2018 @ 9:21 am By JD Alois  |  

Overstock (NASDAQ:OSTK) has announced it will commence selling Bitcoin on its retail site. Additionally, Medici Ventures, part of the Overstock portfolio of blockchain based companies, has announced that Bitsy.com has kicked off a beta launch of its cryptocurrency wallet that “creates a simple, secure, and… Read More

September 12, 2018 @ 10:27 pm By Cali Haan  |  

A small town about 2 hours north of Toronto is being forced to pay bitcoins to have access to its computer systems restored by hackers, the Midland Newsroom reports. “In the early hours of Saturday, September 1, the Town of Midland became the victim of… Read More