The COVID-19 pandemic has crushed businesses, crippling life all across the world. It is costing darknet drug traffickers millions as well because their methods of moving drugs and funds have been compromised during the lockdown, according to a blog post by Chainalysis. “Darknet market revenue has fallen much more than we’d expect following Bitcoin’s recent major […]
Since the beginning of 2020, “Glupteba,” a malware that uses Bitcoin’s blockchain to control an army of bots, has been spreading at an accelerated pace. The malware was first discovered in 2011 but researchers noted in late 2019 that it had started using the Bitcoin blockchain to help coordinate its botnet. Now, further research suggests the […]
The persistence of the Covid-19 pandemic has led governments and companies to resort to the unthinkable: increased surveillance. In Beijing, which on June 11 marked its first new case after two months, authorities utilized geo-spatial information collected through mobile tracking devices in people’s smartphones to identify and isolate potential virus carriers. To lessen public concern Norway […]
An IT specialist was jailed for 20 months at Liverpool Crown Court on June 11, after stealing cryptocurrency worth over £30,000 ($38,000). According to the St Helens Star, self-employed contractor Mark Andrews of St. Helens had been hired to fix a company’s computer systems last year, when he found and stole digital assets belonging to the […]
Beniamin Mincu, chief executive for the Elrond Network, wants to build a better blockchain by paying people to burn it down. That’s why Mincu, who founded the Transylvanian network, is in the midst of a 15-day campaign to do just that. Nearly two years after first revealing his “secure proof-of-stake” sharding protocol in a technical white […]
Blockchain firm Elrond has invited hackers to attack its network during its upcoming incentivized stress test. According to an announcement on Tuesday, the upcoming Elrond incentivized stress test will include a variety of different attacks on the network. Elrond’s CEO, Beniamin Mincu, explained to Cointelegraph:”Anything that takes the network down is allowed, as long as it’s […]
The job of a Bitcoin miner is to validate transactions, and in exchange get a portion of the reward in BTC for doing it. However, greed is always present when it comes to money. there also exists a special type of contract that was put into place to discourage miners from cheating. Unfortunately, according to a […]
From lower fumes to more time spent with family, there are some glimmers of light in the darkness of the COVID-19 era. And, despite the rise of coronavirus-themed scams, cybercriminals hoping to make bundles of cryptocurrency during global lockdowns are earning less than ever, according to a report released Friday. The report, shown to Forbes ahead […]
Bitcoin and other cryptocurrencies are often looked at as investment instruments by various people while a lot of them frequently use it for daily transactions too. However, with the COVID-19 crisis looming on, the usual spending of Bitcoin has reduced drastically. The darknet and Bitcoin have often been in the news together at such times. However, to […]
A network of Bitcoin-to-QR-code generators has stolen more than $45,000 from users in the past four weeks, ZDNet has learned.The nine websites provided users with the ability to enter their Bitcoin address, a long string of text where Bitcoin funds are stored, and convert it into a QR code image they could save on their […]
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