Crypto Cybercrime Thefts Total Over $1.1 Billion in First Six Months of 2018

According to recent research, the total amount of cryptocurrency that has been stolen through cybercrime this year alone is over $1.1 billion. Cybersecurity firm Carbon Black stated that the money was rather easy to steal too. Ransomware and Exchange Hacks Are the Most Common Cybercrimes Involving Cryptocurrency According to a report by security firm Carbon Black, many criminals… Read More »

Colombian Senate Debate: ‘Blockchain Could Change Lives’

The Colombian Senate held a debate on cryptocurrencies and blockchain “as mechanisms to modernize the digital economy” on Wednesday, according to a Senate press release published today, June 7. The Third Committee of the Senate was convened by the senator of Colombia’s Green Alliance party, Antonio Navarro Wolff, with participants including the Colombian central bank, the Ministry of… Read More »

Putin: Russia Should Explore Blockchain to Avoid Finance ‘Limitations’

The Russian government has taken a cautious approach to cryptocurrencies, president Vladimir Putin said during an annual “hotline” on Thursday. Asked if Russia will have its own cryptocurrency one day, Putin said he doesn’t see such an outcome as possible because cryptocurrencies “by definition are beyond the national borders.” While expressing that caution, he nonetheless admitted that cryptocurrencies are… Read More »

Carbon Black research reveals Cyber Criminals $1.1 Billion worth of digital assets.

Carbon Black, the cybersecurity company’s new research has revealed that around $1.1 billion in cryptocurrency has been stolen in the first five months of 2018. The study further states that there are now an estimated 12,000 marketplaces and 34,000 offerings related to crypto theft for hackers to choose from making it fairly easy for hackers. Darkweb a haven… Read More »

Dutch Central Bank Says Blockchain Is Not Ready

The central bank of the Netherlands concluded that distributed ledger technology is unable to handle the demands of large financial institutions. The central bank of the Netherlands (De Nederlandsche Bank, or DNB) announced today that after three years spent developing four different distributed ledger prototypes, the technology is not ready to meet the demands of large financial market… Read More »

‘BetterHash’: Bitcoin Core Dev. Proposes New Protocols to Decentralize Bitcoin Mining

Advertisement Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Bitcoin Core developer Matt Corallo has published a draft of a Bitcoin Improvement Proposal (BIP) that aims to further decentralize bitcoin mining through the adoption of a new mining protocol. Published by Corallo — perhaps better known by his social media handle TheBlueMatt —… Read More »

Polish Financial Authority Says Crypto Trading Is Legal in Wake of Anti-Crypto Campaign

The financial watchdog of Poland has recently affirmed that cryptocurrency trading is completely legal in the country, according to an official announcement published on its website June 6. In its recent move, the Polish Financial Oversight Commission (KNF) sought to clarify the status of cryptocurrencies and crypto trading, “recognizing the emerging legal doubts related to the functioning of… Read More »

Young Professionals in Africa Are Embracing the ‘Gospel of Bitcoin’ on Exchanges Like Paxful

Bitcoinist.net · June 7, 2018 · 4:00 pm Many young professionals in Africa are embracing the promise of cryptocurrency via exchanges like Paxful and are extolling the “gospel of Bitcoin” to their peers. The cryptocurrency craze continues to sweep the world. While large corporations and other institutional investors seek to make millions off the buying and selling of… Read More »

Experts Predict Bitcoin Will Double in Value by the End of the Year

Despite recent price woes, experts are predicting that Bitcoin will double in value by the end of the year. Bitcoin Price Stagnant, but Not for Long As of late, uncertainties with regard to regulations and the seizure of Bitcoin in legal cases like Mt. Gox, which led to the unloading of coins on exchanges, has caused some stagnation. This means… Read More »

Crypto Trading Platform Implements Automated Bots for Major Crypto Exchanges

Having emerged in September 2017, 3Commas, an international crypto trading startup, has has introduced a series of automatic trading bots for Binance. The company also has revealed its plans to launch the bots for all other major supported exchanges, like BitFinex, Bittrex, Bitstamp, KuCoin, Poloniex, HitBTC, Cex, Huobi and YOBIT in due course. The company says the bot… Read More »