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Tag Archives: security

Over $70,000 Double Spent As Bitcoin Gold Experiences Its Second 51% Attack

New information indicates that Bitcoin Gold experienced a 51% attack last week. A total amount of over $70,000 was double-spent, which raises questions regarding its security since this is the second similar attack on the network.51% Attack On Bitcoin GoldA 51% attack occurs when a single organization or entity takes control of the majority of a particular network’s hash rate. Once its executed, the perpetrators have control over the transactions to modify the ordering, prevent them from...

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Report: More Cryptocurrency Exchanges Hacked In 2019 But Less Money Stolen

The popular blockchain analytics company, ChainAnalysis, recently posted a review of how 2019 related to previous years in terms of cryptocurrency exchange hacks. The data reveals an increased number of attacks, but less stolen money compared to 2018.More Cryptocurrency Hacks In 2019The report informs that hackers attempted the most amount of attacks against cryptocurrency exchanges last year. Eleven such efforts were made in 2019, while for comparison, there were only six in 2018. As per...

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Ridiculous: Peter Schiff Lost Access To His Bitcoin Holdings

The popular economist and well-known nocoiner, Peter Schiff, has said that he’s lost all of his bitcoins because of a forgotten software. He took his rant to Twitter, outlining that the lost bitcoin has no market value, on top of having no intrinsic value as well. Peter Schiff Loses His BitcoinsPeter Schiff is a well-known economist, as well as a frequent guest on national news and an author. However, he has also chosen to take a very definitive stance on Bitcoin. He’s said on multiple...

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Gemini Starts Insurance Company To Boost Cryptocurrency Coverage For $200M

Leading US cryptocurrency exchange and custodian, Gemini Trust Company, has taken a strategic step to provide robust coverage for the cryptocurrencies in its custody.Gemini Takes An Extra StepOwned by the Winklevoss twins, Cameron and Tyler, the exchange announced Thursday that it had launched its captive insurance firm, Nakamoto Ltd., to secure Gemini Custody, the company’s arm that stores customer’s digital assets, against theft.This development now allows Gemini’s customers to purchase...

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$480K Stolen As Hackers Compromise NULS Blockchain Platform

NULS Blockchain platform has become the latest victim on the success list of crypto hackers after a security breach leading to the theft of about $480,000 worth of NULS token. According to an official announcement about the situation on Twitter, NULS said that the hackers compromised the account of the NULS team, and a total of 2 million tokens was stolen, which is about 2% of over 73 million tokens in circulation. Cause of Attack And The Next StepOut of the stolen 2 million tokens, 548,354...

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Crypto Traders Be Aware: Another Cryptocurrency SIM Swap Theft In The US

Another case of SIM swapping has reportedly been recorded in the U.S., as a 23-year-old has attempted to steal cryptocurrencies. This type of fraud appears to be growing as a significant issue worldwide, especially within the community with many previous similar cases.SIM Swapping To Steal CryptocurrenciesA young man from Pennsylvania has been implicated in fraudulent activities and will face a federal grand jury, according to a recent report. Per the document, the 23-year-old Anthony Faulk...

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Chinese Exchange IDAX Freezes Withdrawals, Confirms CEO’s Dissappearance

After days of uncertainty and rumors among the community, the Chinese exchange IDAX Global confirmed that the CEO has disappeared. As a result, withdrawal processes are still not functioning after initially being stopped earlier this week.IDAX Global CEO DisappearsIDAX Global cryptocurrency exchange was the subject of a fair share of negative news over the last several months. After reportedly leaving the U.S. and Canada due to strict regulations, the company had to stop serving users in its...

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Be Aware: Those Are The 32 Most Used Passwords

When it comes to keeping your online accounts safe, one can never be “too safe,” and this is especially true in the field of cryptocurrencies where security should always be of the highest levels. Of course, it usually all starts with selecting a strong password. And one must undoubtedly be rather original when it comes to it, while also avoiding the usage of easily-recognizable passwords. In this regard, recent research has compiled the 32 most used passwords in the digital world, which are...

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Ripple Moves Court to Dismiss XRP’s Securities Lawsuit, But Fails to Answer Questions

San Francisco-based blockchain startup has been having a tough time this year with several investors complaining over the nature of XRP being a ‘security’. Recently, Ripple has moved to the court to dismiss the claims that it has violated any U.S. Securities laws.In its motion to dismiss, Ripple claims that Bradley Sostack, the plaintiff, doesn’t have any standing to register a complaint and claim that XRP is a ‘security‘. Further explaining, Ripple stated that the plaintiff failed to file...

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