With the growing popularity of cryptocurrencies, cyber criminals are becoming increasingly perceptive. Cybercrime is at an all-time high. Many cases go unreported, a few hundred dollars stolen doesn’t catch someone’s attention. However, one hacker has outdone himself by stealing over $30 million of Ether (ETH). Ether is one of the world’s most popular cryptocurrency, which …
Hackers Steal $32 Million In Ether Cryptocurrency Hack Read More »
Thoughts on Cloud Hashing According to their frontpage of their website they claim that their business is ”The Easiest Way to Earn Bitcoins” On cloudhashing.com their website homepage their bio states they were founded in February 2013 to take out all the complexities of Mining Bitcoin. Cloudhashing claims they maintain great relationships with manufacturers that …
ButterflyLabs is now under investigation by the FTC. http://www.ftc.gov/system/files/documents/cases/140923utterflylabstro.pdf I was always tempted to order the equipment from there many, many months ago. The allure factor was certainly present on a simple premise. Purchase a bitcoin miner then proceed to mine bitcoins with the miner and make more money mining the bitcoins than you …
Bitcoin is the Future, but it’s not that simple Bitcoin is the largest (by volume and market cap), most popular cryptocurrency. Cryptography lies at the core of Bitcoin’s functionality. Unlike traditional currencies such as dollars, euros, pounds sterling, francs, Bitcoin are mined by the people, without any central authority. There are no governments, companies, or banks in charge of Bitcoin. …
