Bitcoin Cash Mining Showcased at the Houston Rockets Game

On Dec. 27 the Houston Rockets challenged the Boston Celtics. During the game’s intermission, two contestants participated in a contest called the Antpool Red Planet Race. The participants played a game that involved ‘mining’ bitcoin cash (BCH) on the court floor in the hope of winning $300 worth of BCH. Also Read: Many Self-Proclaimed Bitcoin Inventors and Satoshi Clues Were Debunked in 2018  Houston Rockets Fans Get a Taste of Bitcoin Cash Mining Bitcoin technology got some mainstream attention during the Rockets and Celtics match on Thursday. The mining operation Antpool…

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Hardware Hacking: How To Secure Your Trezor Wallet With Passphrase

A group called wallet.fail gave a presentation on how to hack cryptocurrency hardware wallets at the 35th Chaos Communication Congress. While all attack vectors required physical access, worryingly, the group demonstrated scraping the seed and PIN from Trezor RAM. So is there any way to truly protect your lovely bitcoin? Lines Of Attack The group found ways of hacking hardware wallets via four different methods; supply chain attack, firmware vulnerability, side-chain attack, and chip-level vulnerability. All techniques required access to the actual device, so if your wallet has never left your possession…then…

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Samsung Files UK Trademark for Smartphone Crypto Wallet

Electronics manufacturer Samsung has filed a trademark that suggests it may be considering integrating a cryptocurrency wallet into its smartphones. The filing, submitted to the U.K.’s Intellectual Property Office (IPO) on Dec. 27, reinforces reports that emerged earlier this month claiming that cryptocurrency integration was on Samsung’s agenda. Also read: Influential Politicians Are Advocating Crypto Around the Globe South Korean Giant Files UK Trademark Speculation is growing that Samsung may be on the brink of launching a cryptocurrency-equipped smartphone. The filing of a trademark on Dec. 27, following weeks of rumors,…

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These Developers Claim They Can Crack Any Hardware Wallet

On Dec. 27 at the 35th Annual Chaos Communication Congress (35C3) event, three individuals from a startup called Wallet Fail allegedly hacked the most popular hardware wallets and revealed their secrets on stage. According to Trezor, however, the hackers at 35C3 did not follow the standard responsible disclosure protocol and Ledger Wallet developers claim the Wallet Fail team only gave the impression of critical vulnerabilities, emphasizing that this was “not the case.” Also Read: Judge Denies Craig Wright’s Motion to Dismiss Billion-Dollar Bitcoin Lawsuit A Startup Called Wallet Fail Claims…

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The Federal Reserve Could Launch a ‘FedCoin’- But There’s Really No Point

It seems as if the Federal Reserve really understands the core values of Bitcoin and that launching a national cryptocurrency is pointless. Director of the IMF Christine Lagarde spoke out about the benefits of central bank digital currencies (CBDCs) this November. She said that they could improve security, accelerate financial inclusion, reduce poverty, and afford greater privacy. She even made a reference to cryptocurrencies as a “contender” in our cashless society. And many crypto enthusiasts took heart. It seemed that finally, aging institutions were coming around to the technology and…

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Markets Update: BCH and BTC Set to Post Record 5 Months of Consecutive Red Candles

Despite the short-lived rally leading up to Christmas, BTC appears poised to post a fifth consecutive red candle on the monthly chart for the second time ever. BCH also looks ready to extend its record bear streak to five months of red, while ETH appears poised to post a monthly gain for the first time in seven months. Also Read: Judge Denies Craig Wright’s Motion to Dismiss Billion-Dollar Bitcoin Lawsuit BTC Likely to Post Fifth Consecutive Red Candle for First Time Since 2011 Should BTC fail to finish 2018 above $4,000…

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TIME Magazine: Bitcoin Development Should Be World Priority

TIME Magazine has produced a surprisingly complimentary appraisal of Bitcoin, saying the cryptocurrency “matters for freedom” and is a “way out” of authoritarianism. TIME: Can’t Trust Your Ruler? Go Bitcoin As 2018 draws to a close, TIME appeared to cap a year of mixed reviews of Bitcoin with an acknowledgment of at least some of its fundamental use cases. My @TIME column on why bitcoin matters for freedom. For billions living under authoritarianism, it can be an alternative money system and an escape from economic control. And for all of…

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Influential Politicians Are Advocating Crypto Around the Globe

Mineable and tradable from anywhere, cryptocurrency is borderless. Its adoption nevertheless hinges in part upon the stance taken by nation states. Politicians have the power to integrate, legitimize and push crypto to the next stage of mainstream adoption. A number of influential politicians around the globe have expressed varying levels of support for digital currencies and blockchain technology.  Also Read: The Next Generation of Politicians Will Be Crypto’s Biggest Advocates  Cryptocurrencies Are Essentially Borderless Pressure has been building on regulators to increase oversight of cryptocurrencies, whose stateless nature makes them difficult to restrict. There has…

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The Daily: Electrum Users Targeted by Hackers, Huobi DM’s Daily Volume Exceeds $1B

Electrum developers have confirmed reports of an attack against the popular cryptocurrency wallet. Also covered in The Daily, Huobi Derivative Market’s daily trading volume has reached $1 billion, and one of the founders of Brazil’s leading crypto exchange Foxbit has died in a car crash. Also read: UFC 232 to Have Official Crypto Partner, 5% of Israelis Use Bitcoin Electrum Developers Scramble to Stop Phishing Attack Users of the Electrum bitcoin wallet have been targeted in a new phishing attack, the project’s developers confirmed on Twitter. The team notes that…

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EXCLUSIVE: Mystery ‘8 Whale’ Moves 5% of Total Bitcoin Supply in the Past Month

A new Bitcoin mystery has emerged. 848,000 BTC or almost 5 percent of the total supply, is contained within 106 addresses, each one holding exactly 8,000 BTC. What’s more, all were recently created as bitcoin reached the lowest price in over a year.  Weird Coincidence? According to the ‘Rich List’ on BitInfoCharts, there are 106 Bitcoin addresses which reveal freakishly close similarities. These addresses number from 125 to 231 on the given list. Strangely, each one of them contains exactly 8,000 BTC. Each one has its transactions deliberately structured to amount to give…

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