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Archive for the ‘bitcoin’ category: Page 10

Aug 5, 2020

Twitter hackers who targeted Elon Musk and others received $121,000 in bitcoin, analysis shows

Posted by in categories: bitcoin, cryptocurrencies, cybercrime/malcode, Elon Musk, geopolitics

Victims included Democratic presidential candidate Joe Biden, former President Barack Obama and Tesla CEO Elon Musk. Accounts for those people, and others, posted tweets asking followers to send bitcoin to a specific anonymous address.

For their efforts, the scammers received over 400 payments in bitcoin, with a total value of $121,000 at Thursday’s exchange rate, according to an analysis of the Bitcoin blockchain performed by Elliptic, a cryptocurrency compliance firm.

Elliptic co-founder Tom Robinson said it’s a low sum for what appears to be a historic hack that Twitter said involved an insider.

Jul 29, 2020

Bitcoin wallet Ledger’s database hacked for 1 million emails

Posted by in categories: bitcoin, finance, security

Bitcoin hardware wallet maker Ledger revealed today that its e-commerce database was hacked last month, leaking 1 million emails and some personal documents. No user funds were affected by the breach.

Ledger said the attack targeted only its marketing and e-commerce database, meaning the hackers were unable to access users’ recovery phrases or private keys. All financial information—such as payment information, passwords, and funds—was similarly unaffected. The breach was unrelated to Ledger’s hardware wallets or its Ledger Live security product, the company added.

“Solely contact and order details were involved. This is mostly the email address of approximately [1 million] of our customers. Further to the investigation, we have also been able to establish that a subset of them was also exposed: first and last name, postal address phone number, and product(s) ordered,” said Ledger in its announcement.

Jul 15, 2020

Chainalysis Says Bitcoin Scammed From Twitter Users Is ‘On the Move’

Posted by in categories: bitcoin, cryptocurrencies, cybercrime/malcode

Scammers are everywhere now.


The defrauded bitcoin amassed during Wednesday’s monumental Twitter hack is already “on the move,” according to cryptocurrency tracing firm Chainalysis.

Jul 3, 2020

Stablecoins: The Next Gold Rush? – Article

Posted by in categories: bitcoin, finance

What money should be has been explored by more than one economist. What it is, strange as it may sound, is also up for debate. Yet amidst these disputes, practical and abstract, there is consensus.

At this time the entire crypto market is valued between 380 and 560 billion USD. The value of all the world’s stocks is around 70 trillion USD. The daily volume of the Forex is 5.1 trillion USD. Despite the excitement it periodically sparks in mass media and high finance circles, crypto is barely a drop in the bucket.

As I stated in my response to Robert Shiller’s critique of Bitcoin, tokenization is a means of dividing an asset. Tokenization, easily dividing an asset among stakeholders, is a strength of blockchain technology. Tokens can represent abstract entities issued on the blockchain, but they can also be tethered to a piece of real estate, a work of art, a trademark, or a freighter of Chilean copper.

Jun 21, 2020

Tech Giant Announces ‘World’s Fastest Quantum Computer’ – Are Bitcoin (BTC) and Cryptographic Systems at Risk?

Posted by in categories: bitcoin, computing, quantum physics

Industrial powerhouse Honeywell says its latest quantum computer is now the fastest in the world. How quickly real-world applications will develop or how swiftly they’ll be able to impact industries or affect cryptographic systems such as Bitcoin is the subject of rigorous debate.

In an announcement on Thursday, Honeywell says its team of scientists, engineers and technicians has delivered a quantum volume of 64. The metric measures both the total number of the computer’s qubits and how well it handles them. IBM’s machine scored a 32, suggesting Honeywell’s quantum computer is twice as fast.

Continue reading “Tech Giant Announces ‘World’s Fastest Quantum Computer’ – Are Bitcoin (BTC) and Cryptographic Systems at Risk?” »

Jun 11, 2020

13 Evolving And Emerging Uses For Blockchain Technology

Posted by in categories: bitcoin, business, cryptocurrencies, security

Many consumers may have heard of blockchain technology, especially in relation to cryptocurrency. However, they may not be aware of its full potential and impact across industries. Blockchain has the potential to simplify and add greater security to data management, and since its inception, this technology has quietly been changing business processes.

To get further insights, we asked the members of Forbes Technology Council to share some ways blockchain has changed (or will soon change) business. Their best answers are below.


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Continue reading “13 Evolving And Emerging Uses For Blockchain Technology” »

Jun 5, 2020

IoT, AI and blockchain will change every aspect of enterprises and our lives: Oracle

Posted by in categories: bitcoin, business, economics, health, internet, robotics/AI

The current health crisis has snowballed into a world economic crisis, where every old business norm has been challenged. In such times, we cannot fall back on old ways of doing our business. Today, three technologies

Internet of Things(IoT), Artificial Intelligence (AI), and blockchain are poised to change every aspect of enterprises and our lives. Now more than ever, organisations realise the pertinent need for a robust digital foundation for their businesses as their future plans have been disrupted. “To achieve that level of business sophistication holistically it is imperative that there is a seamless flow of data across all the functions of an enterprise. That requires connected data that is secure and one that is driven by connected intelligence,” Guruprasad Gaonkar, JAPAC SaaS Leader for ERP & Digital Supply Chain, Oracle told Moneycontrol in an interview:

How is India reacting to emerging technologies as compared to other Asia Pacific (APAC) regions?

Continue reading “IoT, AI and blockchain will change every aspect of enterprises and our lives: Oracle” »

Jun 3, 2020

China’s Digital Currency Could Challenge Bitcoin and Even the Dollar

Posted by in categories: bitcoin, cryptocurrencies

Authorities are testing a new kind of money in four cities.

Jun 1, 2020

Bitcoin Could Be About To Surge To $100,000 After Stock-To-Flow Update Revealed

Posted by in category: bitcoin

Bitcoin has been struggling to break over the $10,000 per bitcoin level since its highly-anticipated supply squeeze —but that could be about to change.

The bitcoin price, up around 30% since the beginning of the year and on track to be one of the year’s best performing assets, has swung wildly over the last few months.

Now, one of the most closely-watched bitcoin analysts, an anonymous strategist who claims to be a member of an institutional investment team that manages around $100 billion in assets, has released an update to his so-called stock-to-flow model, suggesting the bitcoin price could be about to surge to around $100,000.

Continue reading “Bitcoin Could Be About To Surge To $100,000 After Stock-To-Flow Update Revealed” »

May 28, 2020

The Last Time This Happened, Bitcoin Surged From $3,150 to $14,000

Posted by in category: bitcoin

In 2019, the price of Bitcoin surged from $3,150 to $14,000 when the inflow of BTC into exchanges plunged, and it just happened again.

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