Weekend Roundup: Russia Wants to Block Crypto Information Outlets, Philippines Votes to Create Digital Currency, and Hackers Steal 15 BTC from CryptoThrift
On Monday, William Suberg reported on the ongoing attempts by the Russian government to hinder cryptocurrency use in the country, which includes blocking access to cryptocurrency information resources. Diana Ngo reported Monday that the Philippines’ legislature had drafted the E-Peso Act 2014, which would create a digital version of the country’s peso. Ian DeMartino reported Tuesday that online auction site CryptoThrift had just more than 15 bitcoins stolen from a hot wallet that was being used for holding money in escrow. “In a move which echoes the country’s recent contingency plans to....
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Just when people were getting used to the idea that bitcoin might not be a boom-and-bust fad destined for failure, entirely new applications of the technology have joined digital currency on stage. Crypto 2.0 - also know as cryptography 2.0, decentralized applications, or, popularly, as bitcoin 2.0 - is the application of block chain or distributed ledger technology to things other than digital currency. The block chain offers the ability to facilitate decentralized ownership and store, transfer and process information in a decentralized, programmable way. Many consider that innovation to....
A recent wave of malware has allowed hackers to steal over 250,000 Apple accounts, the largest recorded theft of its kind. Fortunately for mainstream users, the malware only affects devices which are jailbroken. Named Keyraider, the malware works through the popular Cydia platform which acts as an underground App Store, allowing jailbroken devices to purchase apps that Apple would/has banned from the official App Store. Once a device has been compromised, hackers can gather data such as push notifications, private keys, app store purchasing information, and passwords. With the information....
PRESS RELEASE. With cryptocurrency adoption increasing in the Philippines, Filipino users are looking for ways to convert their digital assets into cash at an affordable rate. The Central Bank of the Philippines has recorded P76 billion (US$ 1.5B) worth of transactions processed by local virtual currency exchanges (VCEs) in 2020, which is five times higher than the transaction volume in 2019. Moneybees, the pioneer of over-the-counter crypto (OTC) exchange in the Philippines, is changing the face of crypto transactions as it enables both OTC and online transactions to exchange cash and....
As the crypto sector keeps growing worldwide, hackers are also ramping up their efforts to scam and steal digital currencies. On Monday, January 24, Youtube accounts of some of India’s major crypto exchanges and influencers got compromised. The hack was identified when hackers uploaded videos on the Youtube channel to promote a fake coin named […]
Hackers, for the most part, usually target institutional crypto investors and exchanges. But since the adoption of cryptocurrencies like Bitcoin became more mainstream, these hackers started targeting small individual investors. Related Reading | Hackers Are Now Trying To Steal Crypto Via Malicious NFTs They hack random people through SIM swaps or switching a phone number from […]