Cryptocurrency & Mining News - Page 32

The latest and most important Cryptocurrency & Mining news - Page 32.

Crypto expert kidnapped, had to pay $1 million BTC ransom

Anthony Garreffa | Sat, Dec 30 2017 6:35 PM CST

Pavel Lerner was kidnapped earlier this week, with a gang wearing ski masks taking the cryptocurrency expert near his office in the Ukraine.

Crypto expert kidnapped, had to pay $1 million BTC ransom | TweakTown.com

Lerner was held against his will, with the kidnappers demanding he pay them $1 million in Bitcoin as ransom. Lerner is a big Bitcoin expert in his country, doubling as an executive at Exmo, a large cryptocurrency exchange.

We don't know if Lerner transferred the $1 million in BTC himself, but he was released in the end. Exmo has said that the kidnappers didn't breach their network, and that the cryptocurrency exchange and their coins are "absolutely safe.

As for the $1 million in BTC that the kidnappers transferred, they're most likely shifted through the entire Bitcoin network, or could've been sold and the kidnappers are enjoying their money. Whatever has happened, this is the future of crime: cryptocurrency is easier to withdraw from victims' accounts than money.

Continue reading: Crypto expert kidnapped, had to pay $1 million BTC ransom (full post)

UnikoinGold is now available on Bittrex

Anthony Garreffa | Fri, Dec 29 2017 5:32 PM CST

To ring in the New Year, Unikrn founder and eSports fan Rahul Sood has announced that UnikoinGold (UKG) is now available on Bittrex.

UnikoinGold is now available on Bittrex | TweakTown.com

This is a big deal as Bittrex is the fastest and most secure digital currency trading platform, where countless cryptocurrencies are available. This move is significant, as it means millions of crypto traders can now trade UKG which will only spread the gaming-focused crypto into the mainstream.

UKG will soon be launching on Braveno and CoinHub, which Sood said on his Medium post "it's coming - stay tuned. The problem is not on our end, it's their end setting up for scale".

Continue reading: UnikoinGold is now available on Bittrex (full post)

South Korea could ban Bitcoin, tightens crypto laws

Anthony Garreffa | Thu, Dec 28 2017 9:38 PM CST

The South Korean government is tightening its grip on Bitcoin, where the government has proposed legislation that would limit how conventional banks interact with not just Bitcoin, but all cryptocurrencies.

South Korea could ban Bitcoin, tightens crypto laws | TweakTown.com

This new law would stop South Korean companies from providing settlement services for cryptocurrency-based transactions, something that is at the heart of credit and debit card transactions. Earlier this month, a fresh set of rules restricted financial firms from investing heavily into cryptocurrency, with rules levied capital gains tax on any money conventional investors made from buying and selling crypto.

South Korea's new ruling would stop companies from selling Bitcoin anonymously, with their new "Know Your Customer" rules pushed as anti-money laundering rules with banks across the world.

The county is sounding more and more like China right now, as they have teased the idea of a nationwide ban on cryptocurrency exchanges, which would not be received well. Not only that, but it would be near political suicide, and virtually technologically impossible. South Korea: wake up... cryptocurrency is the future.

Continue reading: South Korea could ban Bitcoin, tightens crypto laws (full post)

Bitcoin could be worth $0, according to Morgan Stanley

Anthony Garreffa | Tue, Dec 26 2017 7:29 PM CST

Bitcoin might have skyrocketed from its price of $1000 at the start of the year all the way up to $20,000 - but there are professional analysts that think the cryptocurrency has zero value.

Bitcoin could be worth $0, according to Morgan Stanley | TweakTown.com

Morgan Stanley analyst James Faucette says that Bitcoin might be worth $0, where Business Insider spotted a research note from the analyst, where he said: "If nobody accepts the technology for payment then the value would be 0".

Faucette said that he addressed the "very difficult" question of what the real value of Bitcoin really is, but said that the value of BTC could drop as it is rerliant on the "network effect", and that is no one wants to buy it, Bitcoin could become totally worthless.

Continue reading: Bitcoin could be worth $0, according to Morgan Stanley (full post)

Facebook Messenger malware mines Monero on users' PCs

Anthony Garreffa | Mon, Dec 25 2017 9:46 PM CST

Hackers are using any means necessary these days to make money, so hacking PCs and getting them to mine cryptocurrency is the new thing, something that has now reached the huge user base of Facebook Messenger.

Facebook Messenger malware mines Monero on users' PCs | TweakTown.com

The cybercriminals are using Messenger to infect users' PCs with malware dubbed 'Digmine' that targets as many PCs possible, mining Monero, but the malware can get much worse. Trend Micro, a major cyber security firm, says that these hackers could get into, and takeover your Facebook accoun

Users that are on Google Chrome and use the desktop version of Messenger have been targeted by hackers to mine Monero on their PCs, but with their Facebook accounts under threat, it could get much worse. The researchers added: "If the user's Facebook account is set to log in automatically, Digmine will manipulate Facebook Messenger in order to send a link to the file to the account's friends".

Continue reading: Facebook Messenger malware mines Monero on users' PCs (full post)

Using 'blockchain' in new name, company shares rise 500%

Anthony Garreffa | Fri, Dec 22 2017 8:52 PM CST

It seems that by simply changing your business name with something crypto-related results in your share prices rising just like crypto prices: by 500%.

Using 'blockchain' in new name, company shares rise 500% | TweakTown.com

Long Island Iced Tea Corp changed their name to Long Blockchain Corp, seeing their pre-market trading prices rise by a huge 500% before stabilizing to a 275% gain. Long Blockchain has been making non-alcoholic lemonades and ice teas, and as of Wednesday had a market value of $23.98 million.

The company peaked at a point of pre-market trading with 9.76 million outstanding shares, seeing the company with a market value of a much larger $138 million... all due to a name change that involved blockchain, because you know... drinks are like crypto, I guess.

Continue reading: Using 'blockchain' in new name, company shares rise 500% (full post)

French dominatrix pimps clients out in 'Crypto Slave Farm'

Anthony Garreffa | Wed, Dec 20 2017 9:12 PM CST

I didn't think I'd ever have to type this but, Paris dominatrix 'Theodora' has been pimping out her clients to mine cryptocurrency in something she calls a "Crypto Slave Farm". Her slaves, will deposit cryptocurrency into a digital wallet with her clients turning into a "human ATM".

French dominatrix pimps clients out in 'Crypto Slave Farm' | TweakTown.com

MarketWatch has the story, where they report: "... clients - many of whom never meet her in person - derive sexual pleasure from giving her gifts and money. Exchanges of money can range from several dollars in "tributes," as they are called, to gifts of more than six figures. Some clients even become a "human ATM," meaning they give her complete control over a bank account".

Theodora explains: "It's a form of psychological domination where money is the tool for the transfer of power. It's quite common for powerful men like politicians or CEOs to look for a form of sexual release by submitting to a woman - they are in control all the time during the day - and giving up control financially is a more tangible instrument of power for them".

For those who are interested in being a human ATM, click here.

Continue reading: French dominatrix pimps clients out in 'Crypto Slave Farm' (full post)

NiceHash is coming back online tomorrow!

Anthony Garreffa | Tue, Dec 19 2017 10:00 PM CST

NiceHash has been embroiled in a massive Bitcoin heist over the last few weeks, where some $60 million+ was stolen, forcing the company to close its doors to miners, temporarily.

NiceHash is coming back online tomorrow! | TweakTown.com

Well, the company has announced on its website that they are coming back online, where they said: "Dear Miners: Final checks are in progress and NiceHash.com platform will be back online and operational tomorrow, December 20, 2017 until 24.00 CET".

Once NiceHash is back online, you might need a guide to get you going again - it just so happens I wrote one in the days leading up to the hack.

Continue reading: NiceHash is coming back online tomorrow! (full post)

Inno3D launches crypto mining rig: supports 9 graphics cards

Anthony Garreffa | Mon, Dec 18 2017 7:28 PM CST

Inno3D has stepped up into the cryptocurrency mining scene in a big way with the introduction of their new GPU Mining System P104-100 which packs up to 9 graphics cards based on the P104-100 GPU from NVIDIA.

Inno3D launches crypto mining rig: supports 9 graphics cards 06 | TweakTown.com

Inside, the new Inno3D GPU Mining System packs a CPU controller card that includes an Intel Celeron 3865U mobile processor, 4GB DDR4-2133 SO-DIMM RAM, and a 64GB M.2 SSD.

Inno3D launches crypto mining rig: supports 9 graphics cards 05 | TweakTown.com

As for the GPUs, Inno3D is using their P104-100 Crypto-Mining Accelerator which packs an "optimized GPU and circuit board for mining purposes" with Inno3D maximizing the GPU and memory clocks in order to provide maximum cryptocurrency mining performance.

Inno3D launches crypto mining rig: supports 9 graphics cards 04 | TweakTown.com

Inno3D's P104-100 GPUs are passively cooled, featuring two massive heat pipes and a large heat sink that has the heat dissipated by five massive fans on the front of the PC.

Inno3D includes 2 x USB 3.0 ports, 2 x USB 2.0 ports, 1 x HDMI, and 1 x GbE on the back. There's an optional 2200W PSU, too.

Continue reading: Inno3D launches crypto mining rig: supports 9 graphics cards (full post)

North Korea hijacking cryptocurrency industry workers

Anthony Garreffa | Mon, Dec 18 2017 12:28 AM CST

North Korea might have been the first country in the world to actually land a man on the Sun (don't worry, they went at night time when it's dark), and now they're expert hackers who have been working on a spearphishing campaign that targets cryptocurrency industry workers.

North Korea hijacking cryptocurrency industry workers | TweakTown.com

The hackers are targeting Bitcoin, where they trick workers into opening their systems through a Word document that needs to be edited in order to view the document. If the crypto expert falls for this, they open their system to rogue macro that silently loads a PC-hijacking trojan while the crypto worker is viewing the document.

North Korean hackers have been playing these games for over a month now, but Secureworks' analyst have indicated that this has been happening since as early as 2016. Secureworks adds that North Korea's hacking attempts are still on-going, and that they will have more information as they continue to investigate.

Continue reading: North Korea hijacking cryptocurrency industry workers (full post)

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