Imagine logging into your checking account and seeing that you now also have a second account, stocked with an equal amount of a newly created currency. It could happen this morning to many people who hold the cryptocurrency bitcoin.
Not long after 8 am EDT, a new currency called Bitcoin Cash is due to appear, split from bitcoin in a technical maneuver called a “hard fork.” It’s the project of a group that says bitcoin’s keepers are limiting its reach by resisting change. The creation of Bitcoin Cash is the most striking result yet of a 2-year-old feud over bitcoin’s future. Bitcoin is collectively valued at $47 billion but remains a niche product.Read more
Bitcoin hit an all-time high Wednesday thanks to continued adoption in China and other parts of the world where traditional currencies are tightly controlled.
The digital currency, which just turned eight years old, reached $1,140.64, which was higher than the $1,137 it hit in November of 2013. In December, bitcoin also surpassed its previous all-time high in total market capitalization, which now exceeds $16.1 billion. The latest increase was driven by capital or currency restrictions in countries ranging from China to India and Venezuela, where people purchased bitcoin to protect their savings, as well as increased adoption by investors.Read more
If you are fascinated with the idea of digital currency, then you might have heard about BlockChain.Info. It’s Down!
Yes, Blockchain.info, the world's most popular Bitcoin wallet and Block Explorer service, has been down from last few hours, and it's believed that a possible cyber attack has disrupted the site. With more than 8 million Digital Wallet customers, BlockChain is users' favorite destination to see recent transactions, stats on mined blocks and bitcoin economy charts. Until resolved, which may take next few hours, Blockchain.info digital wallet users would not be able to access their online accounts.Read more
Now LeakedSource disclosed details from two Bitcoin data breaches that affected the bitcoin exchange BTC-E.com and the discussion forum Bitcointalk.org. The data breach notification service LeakedSource reported the data breach suffered by many IT services, including Last.fm and DropBox, both occurred in 2012.
The Bitcointalk hack is known. LeakedSource reported that user details were stolen in the incident, the leaked records include usernames, passwords, emails, birthdays, secret questions, hashed secret answers and some other internal data. Despite the LeakedSource’s notification, there is no news about incidents occurred to BTC-E customers.Read more
Slovenia-based Bitcoin exchange portal Bitstamp is warning users of a Google Chrome extension that steals their Bitcoin when making a transfer.
The extension's name is BitcoinWisdom Ads Remover and is a Chrome extension that removes ads from the BitcoinWisdom.com, a website for consulting all kinds of Bitcoin-related statistics, all presented in easy-to-understand charts. According to Bitstamp, a website that lets users exchange Bitcoin for US dollars, this extension contains malicious code that is redirecting payments to its own Bitcoin address, instead of the one intended by the user making the transaction.Read more
Hackers have siphoned about $103,000 out of Bitcoin accounts that were protected with an alternative security measure, according to research that tracked six years' worth of transactions.
Account-holders used easy-to-remember passwords to protect their accounts instead of the long cryptographic keys normally required. The heists were carried out against almost 900 accounts where the owners used passwords to generate the private encryption keys required to withdraw funds. In many cases, the vulnerable accounts were drained within minutes or seconds of going live.Read more
Cryptsy, a website used for trading Bitcoin, Litecoin, and other crypto-currencies, recently revealed that it had been robbed, accusing a $5.7 million theft and suspending trades and withdrawals.
The theft took place on July 29, 2014, but they decided to go public with the incident only now, after unsuccessfully trying to involve the FBI. The Cryptsy team said that recent problems users have been experiencing are related to this incident and not to recent phishing or DDoS attacks. The culprit was found to be the developer of Lucky7Coin, who placed an IRC backdoor into the code of wallet, and that the malicious code acted as a Trojan, or command and control unit.Read more
Bitcoin Cloud Mining service Cloudminr.io has been hacked and its whole users database is on sale for 1 Bitcoin. The unknown hackers have successfully taken full control of the website's server and defaced the homepage of the website.
Users visiting the website are greeted with a defaced homepage showing the partial database of around 1000 clients including their usernames and unencrypted passwords in completely plain text format. This clearly indicates that the company is not following the best security practices to secure their users private data as the passwords were not even hashed before storing into the database.Read more
In a new document leaked from Bitstamp, one of the more popular Bitcoin exchanges in the world, the company details how a phishing attack several months ago bereft the company of roughly $5 million at then-current prices.
Beginning around page nine of the leaked report, which is clearly marked confidential but is already floating around numerous mirror sites since its initial leak, the document details how the company discovered an "ominous" and large data movement of around 3.5 gigabytes from Bitstamp's server to an IP in Germany. The company determined that it was their wallet.dat file that had gone over the tubes from their servers to some unknown.Read more
It is known that firstname.lastname@example.org is the address, which belongs to the world famous inventor of Bitcoin cryptocurrency. Almost all accounts at forums were attached to this E-mail, but recently strange letters were sent from this address and became suspicious.
Last night the strange letter was sent to the administrator of the Bitcointalk.org forum. In line the sender was genuine address satoshin@gmx .com, but obviously there was not Satoshi's handwriting in the text. The letter contained the following message: "Michael, send some coins to me, until I hired the sniper ". Nakamoto never joked in such a way. A little bit later somebody left the message for the real Nakamoto at P2P Foundation forum.Read more