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Currently Browsing: Results for Tag "bitcoin"

Alleged hackers behind NotPetya cyberattack demand $260,000 bitcoin ransom

Alleged hackers behind NotPetya cyberattack demand $260,000 bitcoin ransom At the time of writing, 100 bitcoin is worth approximately $260,000.No new Bitcoin address was listed for payments should anyone decide to actually fork over the 100 bitcoin.

A dark web marketplace went down, and oh boy did its customers freak out

A dark web marketplace went down, and oh boy did its customers freak out Dark Web marketplaces burst into the public consciousness following the 2013 FBI seizure of The Silk Road and the arrest of its founder, Ross Ulbricht.Then the site went down, and customers started crying "exit scam.

These are the most promising cryptocurrencies right now

These are the most promising cryptocurrencies right now Equally as surprising, several new cryptocurrencies, such as Ethereum and Zcash, jumped into the spotlight, bringing the total worth of all cryptocoins to over $100 billion.This has a dual purpose: It generates new coins, and it provides the computational power for the system to record new transactions.

Almost no big retailers support Bitcoin, and it's not hard to guess why

Almost no big retailers support Bitcoin, and it's not hard to guess why This must mean that the cryptocurrency is becoming ubiquitous at online retailers, right?According to a new Morgan Stanley report, via Bloomberg, only three out of 500 largest online merchants accept Bitcoin.

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

It only took hackers 3 minutes to steal $7 million worth of Ether Shortly after going live, CoinDash's July 17 Initial Coin Offering (ICO) was in serious trouble.As explained after the fact on the company's website, hackers managed to change one tiny but important detail on the CoinDash website just as the ICO was scheduled to begin: The Ethereum wallet address.

What you don't know about Bitcoin can hurt you

What you don't know about Bitcoin can hurt you I've bought some ether, and I (unsuccessfully) tried to participate in an ICO or two.An Ethereum smart contract is a piece of code that runs on Ethereum's blockchain, and as such is by definition decentralized.

Why Bitcoin is surging again, in plain English

Why Bitcoin is surging again, in plain English Here’s what’s happening: Bitcoin is being updated.They are people and organizations who employ a tremendous number of powerful computers to power Bitcoin's network, for which they are rewarded with Bitcoin.

The last big dark market left online may already be compromised

The last big dark market left online may already be compromised They found it in Dream Market, but as the last big dark market standing picks up steam, users are flocking to Reddit to warn that it too is already compromised.It was announced shortly thereafter that an international law enforcement operation brought AlphaBay down.

We spoke to the vigilante hackers who stole $85 million in ether to save it

We spoke to the vigilante hackers who stole $85 million in ether to save it Deciding to steal $85 million worth of cryptocurrency isn't something to take lightly.For the members of the White Hat Group, however, it seemed to be the only move left.

How to buy Bitcoin and Ethereum

How to buy Bitcoin and Ethereum If you've seen the incredible upward momentum of Bitcoin, Ethereum, and other cryptocurrencies, you've maybe also considered getting in on the action.We're not here to tell you whether or not you should buy it, just to show you how you can pull it off.

This $4 billion Bitcoin laundering scheme reads like a gripping detective story

This $4 billion Bitcoin laundering scheme reads like a gripping detective story jury on Wednesday on charges of laundering more than $4 billion through a Bitcoin exchange, Reuters reported.Alexander Vinnik, 38, and likely operator of popular Bitcoin exchange BTC-e, was arrested in northern Greece on Tuesday, according to the report.

Floyd Mayweather found a new, bizarre way to spend his money: Ethereum

Floyd Mayweather found a new, bizarre way to spend his money: Ethereum Boxer Floyd "Money" Mayweather, best known for spending gobs of money in ridonkulous ways and punching other guys in the face, is now using Instagram (naturally) to promote the cryptocurrency ICO (Initial Coin Offering).The image shows Mayweather on a private jet with stacks of actual paper currency (how ironic!

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

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

Everything You Need To Know About The Bitcoin Fork

Everything You Need To Know About The Bitcoin Fork Now it takes one of the most advanced dedicated mining rigs on the market about a month to make one bitcoin.The issue here is that the Bitcoin blockchain was just getting too big.

Bitcoin Splits, Rallies as Community Fails to Solve Cryptocurrency's Woes

Bitcoin Splits, Rallies as Community Fails to Solve Cryptocurrency's Woes After years of squabbling, the BTC community had agreed to what was known as BIP 91 (Bitcoin Improvement Plan).Instead, roughly 15 percent of the BTC mining community has launched their own alternative to Bitcoin, Bitcoin Cash.

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

The perps behind the 'biggest ransomware attack ever' appear to be moving their loot You've infected hundreds of thousands of computers across the globe with your ransomware, and victims' cryptocurrency payments are flowing into your Bitcoin wallets.We can say this because the three Bitcoin wallets that held the ransomed loot were all suddenly emptied late Wednesday.

How's Bitcoin doing after its big split? Never been better

How's Bitcoin doing after its big split? Never been better Secondly, Bitcoin was split into two versions, Bitcoin (BTC), and Bitcoin Cash (BCH).The good side of this is that anyone who owned Bitcoin would get the same amount of Bitcoin Cash as well.

Wait, the price of Bitcoin is how much?

Wait, the price of Bitcoin is how much? In early March, the price of one bitcoin surpassed the price of an ounce of gold, which was $1,227 at the time.That feels like ancient history now that the price of one bitcoin has surpassed $4,000.

The wild world of cryptocurrency—and how it could make you rich

The wild world of cryptocurrency—and how it could make you rich Could Bitcoin make that happen?When Bitcoin debuted in 2009, its early adopters bought up large amounts of the digital currency for pennies.

Two Weeks Later, Bitcoin is Forking Again

Two Weeks Later, Bitcoin is Forking Again Right now, there are two forks, or divisions in Bitcoin: Bitcoin Cash, and Bitcoin.As the name implies, this agreement will cover two primary features: 2MB blocks (updated from 1MB) and the same segregated witness feature now shared by Bitcoin.