Researcher Has Bitcoin Stolen off His Back in a Public Experiment
How vulnerable is bitcoin to physical theft? It's a question many bitcoiners don't ask a lot since it's hard to imagine how someone could steal a non-physical currency. But if account information is physically visible, cryptocurrency theft is a real possibility, according to a recent test by Tal Newhart, a Chicago-based business strategy and recruitment specialist who has been involved with bitcoin since 2011, according to PRNewswire. Newhart decided to test what would happen if bitcoin account information was left out in the open physically after one of his clients, the CEO of a financial....
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The rising trend of bitcoin and substantial growth of investments in the digital currency space has increased the awareness of bitcoin across major cities in the United States. Since early 2015, an escalating number of mainstream media outlets, international government agencies and law enforcement agencies have exclusively featured bitcoin in various publications and reports. Such coverage brought bitcoin one step closer to mainstream awareness and adoption, as more people began to understand and notice bitcoin as both an alternative currency and an innovative financial network. Seeking to....
The thing that had me most excited about Bitcoin back in 2013 was its potential to re-align the incentives in academia and re-define how science and research is conducted. At the time, I was spending my days training rats in Skinner boxes to hunt crickets, listening to every possible Bitcoin explainer I could get my hands on. It took a good two years, and now the problem set is much clearer. This post is a think-piece on how academia might be improved with blockchain technology. In what follows, I’ll discuss the problems that perturbed me the most and highlight potential solutions. Taught....
CoinEx is online again, after being hacked two weeks ago. 50% of missing funds will have to be found in transaction fees. Only BTC and LTC markets are open at the moment. Two weeks ago, I reported on cryptocurrency exchange Coinex.pw being hacked. All coins were stolen, and the site went offline. After two days, founder Erundook posted a statement at Bitcointalk, saying Coinex would reimburse the stolen coins from their own pockets. Needless to say, the community felt worried and didn't want to take Erundook's word for it. As of today, Coinex is back online. Not enough funds. On March....
There is currently a special bitcoin project being conducted in Denmark. Coinify is teaming up with Danish journalist Elías Christian Lundström for their experiment; can someone live for a month only using Bitcoin? This experiment will surely be fun for Mr. Nikogosian, but it will also give us very serious data concerning the practical usability of bitcoin. The problems that Nikogosian might encounter during his month-long experiment will shine a light on what needs to be rectified in order for bitcoin to be used by the general public as a daily currency. Jack Nikogosian told Bitcoinist,
A hacker, going by the name of Peace has put over 117 million LinkedIn user credentials up for sale on a deep web marketplace. LinkedIn, the professional networking site now has millions of users’ credentials in the public domain. These credentials from the beginning of this decade are up for sale on the deep web. Nothing is private or secure on the internet. Whether it is your photos stored on a cloud platform, credit card information, banking details or login credentials for your mail and social media accounts. If they are not compromised already, then they may get stolen anytime. The....