The Michigan state legislature introduced two separate bills which will see the modification of blockchain data as a crime according to House Bills 6257 and 6258, which were submitted to the US legislative tracking service, Legiscan, on June 12th, 2018. Bill 6257 declares any person who “falsely makes, alters, forges, or counterfeits a public record” with the intention to … [Read more...] about Michigan Bills Will See Those Who “Falsely Alter” Blockchain Data Prosecuted
Hacks and Cybersecurity
On June 8, 2018, Jack Ge from CyberVein pitched their project to an audience at the Blockchain International Show London (BIS).CyberVein aims to reinvent the concept of decentralized databases – it will be the first directed acyclic graph (DAG) decentralized database network that will store data on-chain without the need for an external party. This allows people to securely … [Read more...] about Cybervein Discuss Their New Platform at BIS London
On Sunday, June 10, 2018, the price of bitcoin and almost all cryptocurrencies fell sharply. Bitcoin was pushed down $1,000 from $7,600 to $6,600 with other tokens also taking a 10% to 20% hit. Although cryptocurrencies are traded 24 hours a day, 7 days a week, the volume is noticeably lower at the weekends. Weekend trading generally sees less volatility, but low volumes can … [Read more...] about Price of Bitcoin Crashed on Bloody Sunday?
The latest cryptojacking attack has seen 40,000 machines infected with a virus that uses the host OS to mine Monero. According to Guardicore, 9000 companies have been compromised by what has been called Operation Prowli using the r2r2 worm. The operation has been tied to the roi777 traffic monetization organization that has been active for quite some time.The platforms … [Read more...] about Operation Prowli Infects 40,000 Machines to Mine Monero
Fortinet is a global leader in cybersecurity solutions and has recently published its findings for the first quarter of 2018. While the report itself requires a subscription, some key metrics can be found on their blog.The report indicates that hackers are becoming more diverse in the range of techniques used. The number of unique exploitations grew by 11% since the last … [Read more...] about Fortinet Cybersecurity Study Shows Increase in Cybercrime Innovation
The cryptocurrency world is rife with phishing scams and hacked exchanges, but this is only the beginning. According to a report from Cyber Security Ventures, cybersecurity is going to cost $6 trillion dollars in damages by 2021. The Center for Strategic and International Studies estimates that current annual cybercrime damage is between $375-$575 million. As assets and … [Read more...] about CryptoPolice – Estonian ICO to Decentralize Online Security
Researchers at University College London have released an academic paper revealing that Zcash’s privacy settings get marginally compromised when users choose to switch between shielded (private) and unshielded (public) transactions. The study suggests that having ‘opt-in’ privacy functions may harm overall anonymity.The academic paper, named ‘An Empirical Analysis of … [Read more...] about Study Finds That Zcash Privacy Can Be Partially Diminished
One prolific cybercriminal going by the online pseudonym “Courvoisier” has been appended by British police. Between July and December 2015, the cybercriminal conducted a series of operations on over 100 companies. The main targets seemed to be gambling outlets, supermarkets, and cell phone companies. Phishing emails were sent to the customers of these shops, and the customers … [Read more...] about High-Level Cybercriminal Caught by British Police
A cryptocurrency virus has been infecting users' computers by spreading through Facebook Messenger and disguising itself as a harmless text or notification. The virus can hijack your computer and use it for mining, but perhaps more importantly, it also attempts to redirect cryptocurrency users towards malicious trading platforms and fake web wallets.The virus, … [Read more...] about A New Cryptocurrency Virus Is Spreading Through Facebook Messenger
In their 2018 annual report, the National Cyber Security Centre (NCSC) in the UK stated that there were 4,000 websites around the globe mining for cryptocurrencies without the consent of visitors to the sites. Cryptojacking is not a new concept, and one of most common forms is with the illicit code known as Coinhive, released in the summer of 2017.The creators of Coinhive … [Read more...] about Ethical Cryptojacking Used by UNICEF Australia to Save Lives
One of the biggest new stories to hit crypto in 2018 was the $2,000,000 hack of Ian Balina’s digital wallet. It wasn’t just the amount of money lost by this top crypto influencer that was spectacular but also the fact that it was carried out during a live YouTube stream. Balina is known to have regular live streams lasting up to three hours.Balina scheduled an ask me … [Read more...] about What Did We Learn From the Ian Balina Ask Me Anything Live Stream About the Hack?
In Nasdaq's own words, the SMARTS technology 'automates the detection, investigation and analysis of potentially abusive or disorderly trading' allowing for administrative staff to shut down and report any malicious behavior. It is widely used on stock and Forex trading platforms and is trusted on an industry level. It can be used to discover market manipulations, some forms of … [Read more...] about Gemini to Fight Criminal Activity With Nasdaq Technology
Crypto Disrupt has previously reported that Google was responsible for the Binance exchange API hack by presenting the phishing site at the top of their ranked sites. Bing is also responsible for the loss of thousands of litecoins. Crypto Disrupt reported April 23, 2018, that an American litecoin owner had been hacked to the tune of $350,000.When the article was published, … [Read more...] about Google and Bing Help Hackers to Steal Your Crypto
Twitter and Reddit are littered with warnings of a DNS hack of Google servers that is redirecting the MyEtherWallet (MEW) website to a fake site. DO NOT TRY TO ACCESS THE WEBSITE UNTIL THE SERVERS ARE CONFIRMED AS SAFE TO USE. The fake site is believed to be in Russia and sending ether to the hacker’s wallet. There are suggestions that the hacker is trying to cash out on the … [Read more...] about Google DNS Hack Compromises MyEtherWallet
Iceland is very popular with cryptocurrency miners because the hardware they use requires a cool environment and an abundance of low-cost electricity. When bitcoin was trading at close to $20,000 towards the end of 2017, crypto mining was a very lucrative business. Hardware to mine bitcoin costs upwards of $2,000 and can be in short supply when the price of bitcoin is at an … [Read more...] about Crypto Criminal Absconds with Prime Minister of Iceland
Ian Balina’s Ethereum wallets were hacked, and the question on everyone’s minds is ‘how much was stolen?’Essentially, this is not a complex question considering how cryptocurrency’s tractability and immutability allow all users to view transactions that have taken place. Balina also posted his hacked Ethereum addresses online as a means of seeking help from the general … [Read more...] about How Much Did Balina Lose in the Recent Hack?
April 16, 2018, will go down as another momentous day in the crypto community as Ian Balina was hacked during a live YouTube video stream. He was streaming details about an ICO and had a Google spreadsheet open when a message appeared on the screen to say that he had been logged out. This would happen if his account credentials were changed by someone else.Balina posted the … [Read more...] about How Was Ian Balina Hacked?
In 1919, the British government established the Government Code and Cypher School (GC&CS) which, with the help of cryptanalyst Alan Turing, decrypted Enigma-coded messages during the WW II. Some estimates suggest the code breakers at Bletchley Park saved up to fourteen million lives by shortening the war by two years.In 1946, GC&CS became The Government … [Read more...] about British Government Spy Network Helps to Safeguard Your Cryptocurrencies
The former CEO of the infamous Mt. Gox, Mark Karpelés, has taken part in a Reddit AMA (Ask Me Anything) on the r/Bitcoin subreddit. In the AMA, Karpelés revealed his opinions and intentions (both past and present) regarding Mt. Gox and its bankruptcy. He also expressed remorse when discussing the situation, saying 'I know I didn't handle the last, stressful days of the outdrawn … [Read more...] about Ex-Ceo of Mt. Gox Opens up During a Reddit AMA
Verge, the cryptocurrency focused on private transactions, has been subject to a large-scale attack. The attack is the work of hackers who have managed to exploit several vulnerabilities within Verge's programming, allowing them to mine blocks with 'spoofed' timestamps. Usually, each block mined is unique, but the exploit permitted this rule to be bypassed entirely. The hackers … [Read more...] about Verge Has Been Hacked