Malware exploits weak passwords in PostgreSQL for cryptojacking
Up to 800,000 internet-connected databases could be vulnerable to crypto-mining malware that will use their computing capacity.
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Eclipse, the first Ethereum L2 based on Solana launches mainnet
The launch of Eclipse is one of the most hyped network launches of the year, with the hybrid blockchain project securing over $65 million in funding prior to its launch on Nov. 7.
Silk Road Founder Ross Ulbricht Spends Seventh Birthday in a Row in Jail
Ross Ulbricht turns 36 years old today. This will be his seventh birthday in incarceration.Ulbricht is the convicted felon serving two life sentences plus 40 years for his role in creating the Silk Road, the online contraband market notorious for its associations with cryptocurrency. Ulbricht says Silk Road was initially envisioned as a libertarian paradise,…
FTX CEO sees no future in Bitcoin payments, community fires back
FTX CEO’s comments on Bitcoin received heavy backlash from the crypto community, with many reminding him of Solana, a PoS network that has gone offline half a dozen times. 869 Total views 5 Total shares Sam Bankman-Fried, the founder of crypto exchange FTX, has criticized the efficiency of Bitcoin (BTC) as a payment network, only…
Crypto exchange CoinSpot reportedly suffers $2M hot wallet hack
Blockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private key compromise.” 207 Total views 1 Total shares Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallets.According to
Celsius reportedly seeks advice from lawyers on restructuring
Celsius reportedly onboarded attorneys to find different solutions to the current financial challenges that the company is facing. 962 Total views 6 Total shares Crypto lending platform Celsius Network (CEL) has onboarded restructuring lawyers from Akin Gump Strauss Hauer & Feld to find potential solutions to the firm's financial woes. The firm is reportedly looking for…
Hut 8 expands mining operations with power deal in West Texas
Hut 8 secured a purchase agreement for 205 megawatts of power and land in West Texas, expanding its energy infrastructure to about 1.3 gigawatts of capacity.
Bitcoin Is the Fraud? JPMorgan Metals Desk Fixed Gold Prices for Years
The United States’ largest bank faced fresh ridicule from Bitcoin (BTC) circles this week after prosecutors said traders had conducted more market fraud.As Bloomberg reported on Sept. 16, JPMorgan Chase is facing an inquiry over the behavior of at least a dozen precious metals traders. JPMorgan performed “thousands” of illegal movesAccording to investigators, the employees willfully…
The Role of Cryptocurrencies in the Rise of Ransomware
Cryptocurrency and ransomware have had a long history together. They are so closely intertwined, in fact, that many have blamed the rise of cryptocurrency for a parallel rise in ransomware attacks.Ransomware attacks are certainly increasing — they rose by 118% in 2018 — but it’s not clear that this is due to cryptocurrency. While the…