Technology & Security (Page 11)

State news agency Telesur reports Venezuela president Nicolás Maduro has announced formation of a youth bank funded by the country’s recently launched cryptocurrency, the Petro. Mr. Maduro also took the opportunity to urge countrymen to continue mining its state-backed digital money, including creation of mining farms. Also read: Only 1%Continue Reading

Viber may be treated like Telegram if security services are not able to obtain its encryption keys, Russia’s telecom minister said. The app offers end-to-end encryption, and is the most popular messenger in several Eastern European countries. Recently, its CEO, Michael Shmilov, said the company would not be able toContinue Reading

South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The company attributes the increase to its semiconductor division which manufactures bitcoin mining chips and says that it expects the trend to continue into the second quarter. Also read: Yahoo!Continue Reading

What would happen if bitcoin were to suffer a 51% attack? It’s a hypothetical question, but one that has troubled some of the community’s brightest minds. Just as army generals play out countless war games, enacting doomsday scenarios, bitcoin defenders like to ponder ways in which the decentralized cryptocurrency couldContinue Reading

Over the past year, cryptocurrency-backed lending has grown very popular with organizations like Salt Lending, and Unchained Capital trying to capture a piece of this emerging industry. Projects like Salt Lending have issued millions worth of crypto-backed loans so far and the teams behind these digital currency operations believe crypto-to-cashContinue Reading

Bitcoin forks are invariably contentious, but the latest batch could be the most controversial yet. Bitcoin Prime and Anonymous Bitcoin have been labeled as shameless cash grabs that are little more than pump and dumps orchestrated by opportunistic developers. The projects’ architects of these schemes, naturally, have hit back. AlsoContinue Reading

Ever since Reddit pulled the plug on r/darknetmarkets, deep web users have been starved of real time information on trustworthy sites and vendors. Deep Dot Web is one of the few remaining clearnet portals where information on darknet markets (DNMs) can be found. DNMs were bitcoin’s first “killer app”, andContinue Reading

As the Digital Crypto Currencies are making their entrance into everyday life more and more people are starting to take an interest in them. A lot of Industry Experts have stepped in and created all kinds of great Hardware (ASIC’s), Tablet & Telephone Apps, and (PC) Software to get intoContinue Reading

A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated withContinue Reading

Japan’s Financial Services Agency, tasked with monitoring the country’s cryptocurrency exchanges, has quietly been pressuring platforms to delist privacy coins. Coincheck has already done so in the wake of the $400 million NEM hack. If fellow exchanges follow suit, it could signal the beginning of the end for privacy coinsContinue Reading

A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really anContinue Reading