A woman in Youngsville, North Carolina, whose pet dog had gone missing, was told to pay a bitcoin ransom by criminals claiming to have taken the family pet. Patricia Howell was told to pay $600 in bitcoin or Happy the basset hound would be sold or killed. The pet owner said that she knew it
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Taylor, a company that recently launched an initial coin offering (ICO) to raise funds to help develop a smart cryptocurrency trading assistant, has recently been hacked for 2,578 ETH (about $1.5 million) as well as some of its TAY tokens. According to a Medium blog post the company published, what truly happened isn’t yet clear,
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When bitcoin transaction fees hit record costs in mid-to late-2017, a race for solutions was in force. The most workable one came in the form of batching bitcoin transactions, and batching’s popularity has increased in the background of a general bear market that started in early 2018. Technical Underpinnings of Batching At the time, it
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The State Council of China ordered local financial authorities and government-funded research centers to focus on the development of blockchain technology and accelerate the commercialization of the blockchain. The official statement of the State Council of China released on May 24 read: “To build a regional equity market in Guangdong, according to the opening up
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Over the past hour, the bitcoin price has increased by 1.4 percent, from $7,410 to $7,550, after recording a sudden spike in buy volume, as shown below in the 30-minute chart of bitcoin below. Cryptocurrency market has also moved up slightly but has struggled to record any major movement. Bitcoin to $6,000 While several bulls
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A new Mac-based cryptojacking attack was reported this past week on Apple’s forums, forcing users to unwittingly run software that mines privacy coin monero. According to a Malwarebytes Labs blog post, the software was discovered when a user noticed that a process called “mshelper” consumed suspiciously-large amounts of CPU time. The user said that mshelper
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Ted Rogers, the president at Xapo, a widely utilized cryptocurrency wallet and vault, has revealed that the platform has activated Segregated Witness (SegWit), the scaling solution developed by the Bitcoin Core development team. SegWit Adoption and Importance of Xapo Earlier this month, Tom Metcalf at Bloomberg reported that Xapo’s cold wallet stored in its underground
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A UK company has acquired the trademark for “Bitcoin” and has allegedly threatened to bring a lawsuit against a small business that sells bitcoin-themed shirts. The business owner shared their plight on the Bitcoin subreddit, explaining that today, May 25, they received a letter from a company claiming to own the UK trademark for “Bitcoin.”
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Since December 17, the bitcoin price has been on a continuous decline, falling from $19,900 to $5,980 at its yearly low. While the bitcoin price has seen two mid-term recoveries and corrective rallies, both failed to test two major support levels at $12,000 and $10,000. Market Manipulation Theory Recently, a group of cryptocurrency researchers and
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A promotional stunt for a Ukranian startup’s upcoming initial coin offering (ICO) turned tragic after a sherpa reportedly died while helping a group of climbers hide a cryptocurrency wallet at the summit of Mt. Everest. According to FT Alphaville, social networking startup ASKfm sponsored a promotion to hide a Ledger wallet containing 500,000 ASKfm tokens
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