Articles about bitcoin

Bitcoin ban

Games-mart Steam halts Bitcoin payments

Online games-mart Steam has stopped accepting Bitcoin payments. A Wednesday post from the service said the cryptocurrency's volatility made it just too hard to use. “Historically, the value of Bitcoin has been volatile, but the degree of volatility has become extreme in the last few months, losing as much as 25% in value over …

NiceHash diced up by hackers, thousands of Bitcoin pilfered

Cryptocurrency mining market NiceHash says it has fallen victim to a hacking attack that may have resulted in the loss of its entire Bitcoin wallet. The marketplace, where users can buy and sell their computing cycles to mine cryptocurrency, issued a statement Wednesday afternoon confirming that it had indeed fallen victim to …
Shaun Nichols, 6 Dec 2017

Badass alert: 1 in 5 Brits don't give a damn about webpage crypto-miners

More than 20 per cent of Britons don't mind letting websites hijack their CPUs to mine cryptocurrency, a slightly stale survey has found. YouGov's survey of 2,174 people, conducted back in September/October but now apparently relevant again thanks to "Computer Security Day" yesterday [EVERY day is computer security day, kids …
Bitcoin

Crypto-cash souk Coinbase forced to rat out its high rollers to probing US taxmen

Cryptocurrency exchange Coinbase will be turning over information on 14,000 of its users to the IRS – Uncle Sam's tax collectors – thanks to an order from a US court. Judge Jacqueline Corley of the San Francisco district court ruled on Wednesday the Bitcoin, Ethereum, and Litecoin trading website will be required to hand over …
Shaun Nichols, 30 Nov 2017

Crown Prosecution Service is coming for crooks' cryptocurrency

"If criminals believe they can hide their ill-gotten assets online they are very much mistaken." That was the warning from Nick Price, head of the UK Crown Prosecution Service's proceeds of crime unit, who told The Register the agency had "already secured" a confiscation order for digital currency assets and "would expect more …
Andrew Silver, 30 Nov 2017
Bitcoin punch cards

Elon Musk says he's not Satoshi Nakamoto and is pretty rubbish at Bitcoin

In fact he's kinda rubbish at cryptocurrency altogether Tesla, SpaceX, OpenAI and Boring Company boss Elon Musk has denied inventing the blockchain and bitcoin, or being Satoshi Nakamoto. Musk felt the need to do so after a Medium post by a former SpaceX staffer theorised that Musk's fondness for C++, known skill with …
Simon Sharwood, 29 Nov 2017

Crypto-jackers enlist Google Tag Manager to smuggle alt-coin miners

Crypto-jackers using Coin Hive code to secretly mine Monero via computing power supplied by the unsuspecting have found Google Tag Manager to be a convenient means of distribution. Security researcher Troy Mursch told The Register that he recently found Coin Hive's free-to-use JavaScript running on the Globovisión website – …
Thomas Claburn, 22 Nov 2017
A Ransom Note

Bitcoin outfit 'Tether' reveals US$31m BitBuck BitHeist

Bitcoin outfit “Tether” has reported a US$31m BitBuck BitHeist. Tether offers the chance to “to store, send and receive digital tokens pegged to dollars, euros, and yen person-to-person, globally, instantly, and securely for a fraction of the cost of any alternative.” Those tokens are exchangeable 1:1 with the boring old pre- …
Simon Sharwood, 21 Nov 2017
Illustration of a "bitcoin" dissolving into numbers. Photo by SHutterstock

Your attention has value, personal cryptocurrency will advertise it

Cryptocurrencies open the door to a world where everyone has their price. To understand why, consider Ethereum, a cryptocurrency that rests on the distributed ledger tech described by Satoshi Nakamoto in his 2008 white paper but includes a scripting language. That makes it, quite literally, "smart money.’ The idea of smart …
Mark Pesce, 14 Nov 2017
Bank vault

Quantum computers could crack Bitcoin, but fixes are available now

An international group of quantum boffins reckons Bitcoin could be broken by the year 2027. The researchers from Singapore, Australia and France say that scenario represents the worst case, and would see a quantum computer able to run Shor's algorithm against the cryptocurrency's protective elliptic curve signature quicker …

Bitcoin drops SegWit2x hard fork after community objects

Bitcoin's contentious upgrade plan, known as SegWit2x, has been called off, sending the cryptocurrency price past $7,800 – an all-time high – and then down several hundred dollars as profit taking set it. Mike Belshe, CEO of Bitgo, a Silicon Valley blockchain security biz, announced the decision via a post to the Bitcoin- …
Bitcoin ban

Vietnam bans Bitcoin as payment for anything

The State Bank of Vietman has issued “Information related to the use of virtual currency” that bans use of the cryptocurrency for payments. It won't say why, and doesn't explicitly ban mining or blockchain. The Bank lists conventional payment mechanisms like cheques, payment orders and credit cards as permitted, but then adds …
Simon Sharwood, 30 Oct 2017
Bitcoin, photo via Shutterstock

Man: Just 18 Bitcoin babies and my home is yours

A man in Grimsby wants to flog his house for 18 Bitcoin (£81,305) because he calcuates the currency is a better investment than cold hard British pounds in the bank. Sean Atkinson, 49, told El Reg, he was aware of the growing market for selling high-end properties in exchange for the crypto currency, "so why not terraced …
Kat Hall, 27 Oct 2017
Money explosion photo via Shutterstock

Crypto-coin miners caught toiling away in hacked cloud boxes

Here's yet another reason to make sure you lock down your clutch of cloud services: cryptocurrency mining. Security outfit RedLock's security trends report [PDF], out this month, said developers and organizations are not securing their AWS, Azure and Google Cloud Platform systems, allowing miscreants to hijack them to steal …
Assange

Assange thanks USA for forcing him to invest in booming Bitcoin

Endurance couch-surfer and WikiLeaker-in-chief Julian Assange has thanked US authorities for the banking blockade that made it hard to donate fiat currencies to his organisation, because it inadvertently enriched the organisation. The blockade first appeared in 2010, after the United States expressed its ire at WikiLeaks' …
Simon Sharwood, 16 Oct 2017
Bear

To Russia, with love: Greek court now says Bitcoin fraud suspect could be tried at home

A judicial appeals court in Thessaloniki, Greece, has backed Moscow's extradition request for Russian citizen and suspected Bitcoin launderer Alexander Vinnik, The Greek Observer reports. Last week a Thessaloniki court ruled he should be extradited to the US, a decision he is challenging at Greece's supreme court. Vinnik was …
Andrew Silver, 11 Oct 2017
Bitcoin

Russia, America dig into tug-of-war over Bitcoin laundering suspect

Russia doesn't want America taking one of its nationals accused of running a $4bn Bitcoin laundering ring – Moscow wants him more. The Russian foreign ministry said in a statement on Friday that a Greek court's decision to extradite Alexander Vinnik to the US is "unjust and a violation of international law". The 38-year-old …
Andrew Silver, 6 Oct 2017

Russian suspected of $4bn Bitcoin laundering op to be extradited to US

A Greek court has approved the US extradition of a Russian national accused of running a $4bn Bitcoin laundering ring on the now-defunct BTC-e exchange. Alexander Vinnik, 38, was arrested in Greece in July and is wanted by both the States and Moscow. Authorities suspect he was ringleader and responsible for alleged laundering …
Andrew Silver, 4 Oct 2017

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Biting the hand that feeds IT ? 1998–2017

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