CCN Week in Review: Mt. Gox, Malware, Bitcoin ATMs, and More
This week on CCN, we learned about Mt. Gox's continuing woes with hints at recovery, a nasty trojan targeting cryptocurrency users, the first Bitcoin ATMs in the United States, (which our own Caleb Chen tested out!), and more. Here are some of our top stories this week in case you missed them. Mt. Gox Recovery(?). Just three days ago, the price of Bitcoin on Mt. Gox fell below $150, due to Mt. Gox suspending all Bitcoin withdrawals. This affected the value of BTC on other exchanges as well, with it being around $550 most of the week. However, there are rumours going around that Gox is....
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Despite there being plenty of things going wrong in the financial sector, one of the biggest threats is not coming from the banks or other financial players themselves. Instead, a new breed of bank malware is making the rounds, spread by a Russian hacking group. Especially ATMs are the target of choice, and the implications could be very severe if no solution is found to counter this threat. Bank Malware Remains A Big Threat. Throughout 2015, ransomware and malware have been claiming many victims around the world. But in the end, banks themselves remain the prime target for hackers, or to....
Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, we looked at two high schoolers working on a $150 Bitcoin ATM, saw the most expensive Bitcoin painting ever sold, discussed the Etherium project's Ether presale, and more. We've also got a video this week put together by our own Calvin Tran. So check that out and keep scrolling for more on this Bitcoin News in Review. The $150 Bitcoin ATM. Lakota Lustig and Sagar Kumar may look like ordinary high school students, but they believe they can disrupt the....
ATM Malware attacks have been a thorn in the side of both consumers and government officials in Europe over the past few months. By infecting bank ATMs with malware, user’s card information can be obtained without them realizing it. As a result, plenty of user funds is at risk, and Europol started a major investigation. Late last night, the news broke several arrests were made, and how the international criminal group responsible for this malware attack has been dismantled. ATM Malware Crime Group Arrested. Thanks to a collaboration between Europol, the Romanian National Police, and the....
Some tricky new malware is infecting Mac users by imitating legitimate software. The “Advanced Mac Cleaner,” professes to be an anti-malware tool in order to sneak onto Mac computers. New Malware Targeting Mac Users. Bitcoinists who use Macs ought to be especially concerned, as the malware specifically targets Mac users by mimicking an anti-malware tool designed for Macs. Malware can be used to steal private keys and wallet passwords, allowing malicious actors to gain access to your funds. The malware was discovered first by Thomas Reed, lead researcher at anti-malware firm, MalwareBytes.....
In an article published on MIT Technology Review, legendary cryptography expert Bruce Schneier warns that antivirus companies have tracked for years a recently uncovered, very powerful and sophisticated malware, but chose not to disclose their findings. Why? Because there are indications that the malware is developed and operated by a government - the United States government. Schneier is an American cryptographer, computer security and privacy specialist, and writer. He is the author of several books on general security topics, computer security and cryptography. One of the most....