China’s Internet Censor Sets Blockchain Firms in its Crosshairs

China’s Internet Censor Sets Blockchain Firms in its Crosshairs

China has reputation for censoring many things online for its citizens. From Facebook, Google, Amazon to much more has been subject to China’s censorship rules. And now, the Chinese internet censor has set their eyes on blockchain firms next. The Cyberspace Administration of China (CAC) published “Regulation for Managing Blockchain Information Services” on Thursday. This publication defines new laws and regulations that wrap blockchain technologies and defines how they are to be treated across the…

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A Quick Look at the Underground World of Crypto-Mining Malware

A Quick Look at the Underground World of Crypto-Mining Malware

The fast-rising cybercrime, crypto-mining malware, has been a matter of concern lately. Many investigations and studies have been carried out to ascertain how the not-so-easy-to-spot insidious operations work. Although these investigations have helped to debunk lots of myths, very little light has been shed on binary-based crypto-mining malware. While web-browser cryptojacking, the commonly known form of crypto-mining malware, has got all of the attention. This necessitated the need for in-depth research on the entire underground…

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Ethereum Classic 51% Attack: Security Firm Submits Final Report

Ethereum Classic 51% Attack: Security Firm Submits Final Report

Ethereum Classic (ETC) was recently a victim of a 51% attack. The perpetrators managed to get away with over $1.1 million in ETC. This attack has raised concerns across the industry regarding the acclaimed security of blockchain networks. A Chinese blockchain security firm SlowMist who was also responsible for initially identifying the attack has now released a detailed analysis of the attack, elaborating how the events as they took place chronologically. What is a 51%…

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US Department of Energy Begins Funding Blockchain Projects up to Almost $5 Million

US Department of Energy Begins Funding Blockchain Projects up to Almost $5 Million

The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) has announced up to $4.8 million in federal funding for research and development (R&D) of blockchain projects. The fossil energy sector is increasingly being overlooked by graduates as the media and public opinion largely focuses on the benefits of renewable energy and the scaling back of fossil energy. However, is fair say that fossil energy isn’t going anywhere for a while. There have been…

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€9 Million Worth of Monero (XMR) Demanded as Ransom for Norwegian Billionaire’s Wife

€9 Million Worth of Monero (XMR) Demanded as Ransom for Norwegian Billionaire’s Wife

VG, a local news outlet in Norway, on Jan. 9. reported on the kidnap of Anne-Elisabeth Falkevik Hagen, the 68-year old wife of Norwegian 172 richest man. The incident, which occurred on Oct. 31, 2018, was shrouded in secrecy for the fear of upsetting the kidnappers who clearly warned against police involvement in the case. Tom Hagen, the husband of the 68-year old victim, reportedly reached out to local media outlets and the police department…

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ShapeShift Becomes the Latest Victim of the ‘Crypto Winter’: Fires Third of its Staff

ShapeShift Becomes the Latest Victim of the ‘Crypto Winter’: Fires Third of its Staff

Cryptocurrencies have had a harsh year in 2018. A long-lasting downturn brought many crypto-based companies to their knees as cryptocurrencies struggled to regain their lost value. In fact, cryptocurrencies were losing value even in December of 2018. This shows you that they have not even found their feet yet let alone cover lost ground. The bear market cycle has caused some of the most heavily invested companies to cut their losses and turn to other…

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Blockchain Payment Platform Nano Hit with its Second Class Action Lawsuit

Blockchain Payment Platform Nano Hit with its Second Class Action Lawsuit

Two US law firms, Silver Miller and Levi Korsinsky, LLP, have commenced a class action lawsuit against the developers of the blockchain-based payment platform and cryptocurrency Nano (NANO), and the Italian crypto exchange BitGrail. Nano is an altcoin cryptocurrency that seeks to revolutionize blockchain technology by offering zero-fee transactions in real time with an energy consumption overhead lower than is typical with other cryptocurrencies, for example, Bitcoin. Nano was originally named Raiblocks and was created…

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Parity Technologies Receives a $5M Grant from the Ethereum Foundation for Supporting the Ethereum Ecosystem

Parity Technologies Receives a $5M Grant from the Ethereum Foundation for Supporting the Ethereum Ecosystem

A recent announcement on the Ethereum Foundation Blog stated that the Foundation has issued a grant worth $5million to a blockchain infrastructure firm called Parity Technologies. The grant was issued as a reward for their unwavering support towards the growth of the Ethereum ecosystem and an incentive to bolster their commitment towards the ongoing projects for Ethereum 2.0. Parity Technologies is known for its unrelenting contributions to the Ethereum ecosystem and the cryptoverse as a…

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Japan Explores Crypto ETFs after Snubbing Bitcoin Futures

Japan Explores Crypto ETFs after Snubbing Bitcoin Futures

Cryptocurrencies have had a rough 2018. A yearlong sellout has been crushing for a large portion of the investors who were hoping for prices to recover after the January 2018 plunge. Moreover, cryptocurrencies’ continued association with stories of fraud and money laundering related crimes have not helped in improving their image. This caused authorities across the world to clamp down on the digital assets market and block, ban or bar most of them from trading…

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The Geek Group Founder Chris Boden Comments on Federal Investigation: “I Did a Stupid Thing”

The Geek Group Founder Chris Boden Comments on Federal Investigation: “I Did a Stupid Thing”

The National Science Institute, previously known as The Geek Group, took to YouTube to share details of the investigation into their company, by the FBI. Computers, Hard drives, and other tech were removed from the offices on December 21 due to accusations of cryptocurrency trading without the required authorization. The United state’s Department of Homeland Security and three other federal agencies, including the IRS were executing a sealed search warrant at the headquarters. The Geek…

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