Month: February 2018

Russian Scientists in Top-Secret Warhead Facility Arrested for Mining Bitcoin

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Scientists at a top-secret Russian nuclear research facility have been taken into custody after allegedly attempting to mine Bitcoin using a high-powered supercomputer. In Soviet Russian Nuclear Facility, Bitcoin Mines You Several scientists working in a top-secret nuclear warhead facility in the closed town of Sarov have been arrested by Russian authorities for allegedly attempting to mine Bitcoin with the facility’s supercomputer. “There has been an unsanctioned attempt to use computer facilities for private purposes including so-called mining,” The Federal Nuclear Centre in Sarov stated. According to BBC News, the…

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Bitcoin May Finally Have a Friend in Washington

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Blockchain companies and cryptocurrency investors have very few friends in Washington – but that may soon change, as first-time Democratic congressional candidate Brian Forde looks to win the important Orange County, Calif. seat this November. Supporting Emerging Technology With a campaign not even a year old, first-time politician Brian Forde hopes to support blockchain-friendly legislation in Congress. More than just a simple blockchain proponent, however, Forde has some serious credentials. He was previously the director of digital currency at MIT’s Media Lab and served as a technology adviser during the…

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Meet Bitcoin’s New Rock Star; CFTC’s J. Christopher Giancarlo

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A strange thing happened on the way to the decentralized digital currency revolution: a cop – a regulator – seems to have salvaged bitcoin’s giant crash. Less than 24 hours after a 65 percent drop in bitcoin’s price, hysteria from all corners, no less than one man, the Commodities Futures Trading Commission (CFTC) chair, J. Christopher Giancarlo, brought the couch-fainting, pearl-clutching community hope.   Also read: Landmark Senate Crypto Hearing Seen as Mostly Positive by Bitcoiners Bitcoin Hero, J. Christopher Giancarlo No one in the ecosystem was excited that two of…

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CG Blockchain and FactSet Team Up to Enhance Investors’ Interaction with Crypto Assets

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CG Blockchain, developers of blockchain-based tech for the investment industry, has announced their partnership with global financial data and analytical tools provider FactSet. The new partnership will enable CG Blockchain’s clients to use FactSet’s order and execution management system for order generation, analysis, and compliance. In return, FactSet will gain access to blockchain tools developed by CG Blockchain. FactSet (FDS) is a publicly traded company that provides analytical and data-driven solutions, technology, content, and services to professional investors. FactSet’s order and execution management system (OEMS) is a configurable platform for creating and managing…

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‘Craig Wright is Definitely Not a Genius’ – Anarchist Hacker, Amir Taaki

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The crypto-community is not short of colorful characters who want to overthrow the accepted way of doing things. But Amir Taaki arguably stands head and shoulders above the rest. The self-proclaimed anarchist recently broke cover to talk to Quartz about the current state of Bitcoin and his ‘Polytechnics Institute’ to train ideological hackers in Barcelona. Let’s Get up to Speed 29-year-old Taaki got involved in Bitcoin as a programmer in 2010 and soon became an influential voice on the scene. His expressed his disdain for the government through work on…

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Bitcoin’s Volatility Is a Feature, Not a Bug

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Another suicide has made its way to media scrutiny, and crypto markets plummeting was promptly highlighted as the ultimate cause. It’s time to consider our mental health as investors in light of bitcoin’s infamous feature – volatility. Also read: Landmark Senate Crypto Hearing Seen as Mostly Positive by Bitcoiners  Bitcoin’s ”Death” Is Not the End of the World Dear Reader, perhaps you’re considering a jump into the bitcoin investing pool. The waters, while choppy, seem warm and inviting. They are in a lot of ways. Prior to laying down any…

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Ledger Hardware Wallets Vulnerable to ‘Man in the Middle’ Attacks

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Ledger hardware wallets, once considered one of the safer methods to store cryptocurrency, have been reported to be vulnerable to “man in the middle” attacks. The Flaw A team of unknown security researchers exposed a vulnerability that allegedly involves all Ledger hardware wallets. The discovery of the issue is said to have affected over one million users and has made it evident that the devices are not a foolproof method of storing crypto. The newfound threat allows cybercriminals to show fraudulent addresses to ledger users/ customers in order to drain the…

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Bitcoin Has Triggered the Energy Arms Race

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4NEW, Powerledger, Wepower, Jibrell Networks, Earth Token, and KWHCoin are some of the players within the energy sector to have entered crypto over the past six months. One could argue that Bitcoin may have triggered the energy arms race as each company attempts to redefine how energy should be accessed by the community in the most scalable manner. Crypto-markets have experienced quite the turbulent journey over the past year. Not only has it risen sharply, it has also fallen sharply sparking fears of bubble bursts. With price volatility comes energy spikes…

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Myetherwallet Relaunches as Mycrypto Following a Hostile Twitter Takeover

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Myetherwallet, the web’s most popular client-side ethereum interface, has announced a surprise rebrand. The service will henceforth be known as Mycrypto following an acrimonious split. The sudden move took one half of the Myetherwallet team by surprise, who claims the “Twitter handle was changed without knowledge or permission of MEW’s founder”. It has also emerged that a lawsuit was filed in December, with one party alleging that the other failed to allow them to inspect the company’s books. It now looks like there will be two competing brands moving forward,…

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Russia’s Largest Bank Caught Employees Mining For Crypto

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Russia’s largest bank, the state-controlled Sberbank, has reiterated that it is not mining cryptocurrencies. However, the bank says that it has often caught its employees crypto mining using the bank’s equipment. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Sberbank Claims It’s Not Mining Crypto The state-controlled Sberbank is the largest bank in Russia and the third largest in Europe. The bank is in possession of a large quantity of graphics cards that can be used for cryptocurrency mining. The bank’s senior vice president, Alexander Vedyakhin, apologized…

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