Saturday, 26 May 2018

Tag Archives: cryptocurrency

More than $1.2b in cryptocurrency stolen since 2017

Cryptocurrencies bitcoin

NEW YORK: Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin’s popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday. The estimates were part ...

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Circle Announces USD Cryptocurrency


LONDON: The company said the latest investment raises its valuation to about $3 billion, from a reported $480 million in 2016. Investors in previous funding rounds include such giants as Goldman Sachs, Baidu and investment bank China International Capital. Also, Circle announced that it will issue fiat-based digital tokens. The ...

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Iran Develops Its Own Cryptocurrency


TEHRAN: Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi says the Iranian cryptocurrency is being developed under a joint project involving the ministry’s ICT Research Institute, Central Bank of Iran’s Monetary and Banking Research Institute and the state-run Post Bank. “Last week, in a joint meeting aimed ...

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Bill Gates Says Bitcoin has Caused Deaths

Bill Gates

NEW YORK: Microsoft founder Bill Gates criticised the anonymity of cryptocurrencies during a Reddit “Ask Me Anything” session on Tuesday, even going so far as to suggest that their use in the illicit drugs trade has directly caused death. “The main feature of crypto currencies is their anonymity,” he said. ...

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Hackers used Tesla’s cloud to mine cryptocurrency


LONDON: The electric car maker was hit by hackers recently, something security researchers at cloud security firm RedLock revealed. RedLock said that the unprotected Kubernetes console that Tesla owns saw hackers getting into their systems, and mining cryptocurrency. Kubernetes is something Google designed, and is used to deploy and manage ...

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South Korean cryptocurrency regulator found dead in his home

Jung Ki-joon

BUSAN: One of the officials who helped South Korea’s regulatory changes on cryptocurrency, Jung Ki-joon, has been found dead in his home. Ki-joon was the head of economic policy at the Office for Government Policy Coordination, where he helped the efforts to mold a new legislation that would slow and ...

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Italian cryptocurrency exchange BitGrail loses $170 million

Cryptocurrency concept, gold coins.

NEW YORK: One of the biggest problems with cryptocurrency exchanges is that they’re a juicy, enticing target for high-tech criminals. Case in point, Italian exchange BitGrail, which lost $170 million worth of Nano tokens, a little-known digital coin previously called RaiBlocks. BitGrail is the second exchange that lost of massive ...

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Lloyds has banned Bitcoin buys


LONDON: Lloyds bank has stopped credit card customers from buying bitcoin, amid concerns of a credit risk surrounding the cryptocurrency’s rapidly falling value. Coming into effect today, the ban applies to Lloyds Bank, Bank of Scotland, Halifax and MBNA. The currency has grown exponentially in the last year, peaking at ...

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Facebook bans cryptocurrency adverts


LONDON: Facebook has banned adverts for Bitcoin and other cryptocurrencies on its sites after recent criticism from users about scams and hoaxes being promoted in their newsfeed. The world’s biggest social network said such digital currencies are “frequently associated” with “deceptive promotional practices”. “Two of our core advertising principles outline ...

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