cryptocurrency
Cryptocurrencies Just Plummeted £9.8 Billion in Value Over the Course of a Few Hours

The cryptocurrency markets saw a significant crash on Wednesday (Eastern local time), with just short of £10 billion in value wiped out over the course of just three hours, CNBC reported. Read More >>

cryptocurrency
Google Is Letting Some Cryptocurrency Ads Back on Its Platform

Google, which banned cryptocurrency advertisements from its platform earlier this year, will be partially rolling back that policy as of October. Read More >>

money
Cool Island Bullied by IMF to Abandon Digital Currency

In what could be seen as wise financial counselling or a threat, the International Monetary Fund is urging the Republic of the Marshall Islands (RMI) to abandon its plan to launch a cryptocurrency as legal tender. Read More >>

john mcafee
John McAfee’s Bitfi Publicly Withdraws Claims its Cryptocurrency Wallet is ‘Unhackable’

Recently there's been a bit of a hubbub after a cryptocurrency wallet released by John McAfee's Bitfi. It was claimed that the wallet was unhackable, with a bounty offering $250,000 to anyone who could break in an successfully steal the coins. Unsurprisingly the device was hacked pretty quickly, with researchers gaining root access, successfully launching a man-in-the-middle attack, and porting Doom onto the device. Read More >>

cryptocurrency
Ouch, These Stories From the Crypto Crash Are Hard to Stomach

Earlier this year, the New York Times profiled the class of noveau riche Bitcoin millionaires who had gotten “hilariously rich” on booming cryptocurrency investments. Now that the market is flatlining (it’s now fluctuating in the low-to-mid $6,000s, or around £4,700), another New York Times profile is shedding light on how much speculators who bought in while it was surging towards the $20k (£15.5k) range have lost, and it’s not really very pretty. Read More >>

porn
Tube8 Will Give You Cryptocurrency for Watching Porn, but it’s Not One of the Good Ones

That whole 'cryptocurrency' fad is still going on, and it looks like the porn industry is starting to take notice and think of new ways to integrate virtual coins with its operations. One company, Pornhub owner MindGeek, definitely is, and the latest announcement is that it will be rewarding people who watch porn on Tube8 with their very own cryptocurrency tokens. Read More >>

hacking
John McAfee’s ‘Unhackable’ Cryptocurrency Wallet Just Got Hacked. Again

John McAfee has done many things with his life, including trying to capitalise on the new-found cryptocurrency fad that's proving to be very lucrative for criminals and other nefarious scamming-types. He recently released Bitfi, an 'unhackable' cryptocurrency wallet, which was promptly hacked multiple times. But while you can port Doom onto it, McAfee's bounty terms were reliant on the coins themselves being accessed - which might have just happened. Read More >>

cryptocurrency
Sunken Warship Said to Have Billions in Gold Looks Like It Was a Cryptocurrency Scam

Last month, a sunken Russian warship believed to have been carrying billions of pounds worth of gold was “discovered” by a South Korean company that immediately started making claims of how it was going to distribute its found treasure. Now, police are investigating leaders of the company and have reason to believe it was all a cockamamy scheme to boost a new cryptocurrency company. Read More >>

hacking
Teenager Hacked John McAfee’s ‘Unhackable’ Crypto-Wallet, Used it to Play Doom

John McAfee hasn't had a good time of it recently. Not only was he hospitalised after allegedly being poisoned, a breach exposed the data of people who bought into his cryptocurrency - despite him labelling it "simple and secure". The McAfee founder also has a crypto-wallet which he had described as "unhackable", offering $250,000 to anyone who could break in and steal the coins. Well someone has broken into it, and now it's running the original Doom. Read More >>

cryptocurrency
Starbucks: Sorry, Your Bitcoin Is Still No Good Here

Starbucks wants to be crystal clear: Despite recent stories about their involvement in some sort of blockchain project, they are not going to be accepting bitcoin as a form of payment for coffee. Read More >>

business
‘Long Blockchain’ Maybe Not as Smart as It Thought

Remember “Long Blockchain,” or rather, the company formerly known as Long Island Iced Tea Corp. that saw its stock skyrocket after it changed its name to refer to the foundational technology behind the cryptocurrency boom and made a vague pivot to “globally scalable blockchain technology solutions”? Turns out that might not have been so smart! Read More >>

security
Report: The SamSam Ransomware Has Extorted £4.5 Million, and One Person Might Be Behind It

A recent review by British cybersecurity firm Sophos in partnership with cryptocurrency firm Neutrino has concluded that the crew—or possibly one extremely proficient black hat hacker—behind the SamSam ransomware attacks have rolled in at least $5.9 million (£4.5 million) in ransom payments, according to BleepingComputer. Read More >>

cryptocurrency
‘Bitcoin Maven’ Jailed for Multi-Million Dollar Bitcoin-for-Cash Money Laundering Operation

Bitcoin has lost most of its (likely inflated) value in the last few months, but it still has plenty of value for law enforcement agencies looking for financial crimes to punish. The latest cryptocurrency criminal to get the book thrown at them is “Bitcoin Maven,” a 50-year-old woman who ran a bitcoin-for-cash exchange operation. Read More >>

cryptocurrency
Chinese Police Bust Crypto Betting Ring Allegedly Worth £1.1 Billion

Chinese authorities have busted what they said was one of the world’s largest online betting operations involving cryptocurrency, with over £1.1 billion in illicit bets allegedly on the line. Read More >>