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Tag Archives: bitcoin

Bitcoin news roundup, October 15 2017

This week’s summary of various cryptocurrency news and developments: New developments: Various companies are announcing their position on the SegWit2x hard fork Last week, DeepDotWeb covered Bitcoin.org’s plans to denounce SegWit2x supporting companies, who could be putting users at risk. Bitcoin.org’s list has been published, and it includes several well-known companies such as Blockchain.info, Xapo, Jaxx, Coinbase, and Circle. Now, ... Read More »

Bitcoin news roundup, October 8, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitcoin.org states it’ll denounce SegWit2x supporting companies This week, Bitcoin.org published a blog post in which it states that it will publicly denounce via a banner on their website companies that support the SegWit2x hard fork, and that are going to default to the Segwit2x (S2X) chain, putting users ... Read More »

Bitcoin news roundup, October 1, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Peer-to-peer exchange LocalBitcoins to compensate users for their Bitcoin Cash funds On August 1, all Bitcoin holders received an equivalent amount in Bitcoin Cash (BCH), following the network’s hard fork. Popular peer-to-peer exchange LocalBitcoins never really gave users who had their Bitcoin on the platform access to their Bitcoin ... Read More »

Trust issues of open and closed source light wallets for Bitcoin

Currently there are around 250,000 confirmed bitcoin transactions per day, but only 9,200 full bitcoin nodes (nodes are interconnected servers that store Bitcoin’s blockchain), which could mean that Bitcoin users are averaging 27 transactions per day. This could also mean that there are a lot of users connecting to the network via an external node i.e. a node that runs ... Read More »

Bitcoin News Roundup 24.9.17

This week’s summary of various cryptocurrency news and developments: New developments: JP Morgan’s Jamie Dimon strikes Bitcoin again, says it’s “worth nothing” Last week, as reported by DeepDotWeb, JP Morgan’s chief executive Jamie Dimon called Bitcoin a “fraud” and stated that he would fire any employee trading the cryptocurrency, as according to him it was both “stupid” and against the ... Read More »

DHS Says Darknet Criminals Are Switching From Bitcoin to Monero

The United States federal government continues to view the privacy-centric cryptocurrency Monero (XMR) as a potential tool for cybercriminals. An agent with the United States Department of Homeland Security (DHS) told CNBC recently that cybercriminals are “looking more closely at other currencies like Monero and Ethereum.” Earlier this year an FBI agent with the bureau’s Cyber Division told reporters at ... Read More »

Bitcoin news roundup, September 17, 2017

This week’s summary of various cryptocurrency news and developments: New developments: BTC-e’s new exchange platform is up and running: it’s called WEX BTC-e, one of the oldest Bitcoin exchanges, had been taken down following the arrest of a Russian national in Greece. At the time, the man was believed to be an admin at the exchange, but soon a Bitcointalk ... Read More »

Bitcoin news roundup, September 10, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Cryptocurrency complaints surged this year, just like its userbase A recent report published by student loan market LendEDU revealed that cryptocurrency-related customer complaints, the majority of which against Coinbase, filed with the U.S. Consumer Financial Protection Bureau (CFPB) surged this year. According to the report, a total of seven ... Read More »

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Hackers Steal Cellular Accounts to Break 2FA Protected Online Bitcoin Wallets

All of the major cellular service providers have been seeing an increase of attacks on customer accounts. Hackers are stealing cell phone numbers from users of Verizon, AT&T, T-Mobile, and Sprint through social engineering techniques. Once the attackers have control of a phone number they can use it to reset passwords for services like Google and social media sites. The ... Read More »

Australia Prepares for the First Stage of Government Bitcoin Regulation

According to the Financial Times, Australian authorities announced legislation that will massively alter the course of cryptocurrency in the country. The legislation places “digital currency” exchanges under the legal jurisdiction of Australia’s Transaction Reports and Analysis Centre (Austrac). Austrac is Australia’s financial crime branch of government, and as such, will be investigating crimes committed with cryptocurrency. Unsurprisingly, the Australian Minister ... Read More »

Bitcoin news roundup, September 3, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Troubled Exchange BTC-e is now back online BTC-e, one of the oldest bitcoin exchanges, was taken down earlier this summer after a Russian national was arrested for allegedly laundering billions in bitcoin. At the time it was believed that he was an admin at the exchange, and it was ... Read More »

Bitcoin news roundup, August 27, 2017

This week’s summary of various cryptocurrency news and developments: New developments: SegWit is now active on the Bitcoin blockchain Segregated Witness (SegWit) is now active on Bitcoin’s blockchain. Essentially, SegWit rearranges how data is stored on Bitcoin blocks, boosts capacity, and removes transaction malleability. Various cryptocurrency experts, including Blockstream executives, Lightning founder Elizabeth Stark, and Litecoin creator Charlie Lee, expressed ... Read More »

UK Police Fail to Identify Bitcoin, Research Group Claims

The N8 Policing Research Partnership, in early August, published a report that called for an increased law enforcement involvement in bitcoin seizures. The research group, hereinafter “N8,” proposed that UK police needed cryptocurrency training for several reasons. The most significant, they explained, involved the role Bitcoin had on modern criminal activity. According to their report, Bitcoin had become the most ... Read More »

Bitcoin news roundup, August 20, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Rogue Silk Road agent admits he stole another 1,600 BTC after guilty plea Shaun Bridges, a rogue Secret Service agent who plead guilty to obstruction of justice and money laundering while investigating Silk Road, after stealing over $800,000 worth of Bitcoin, recently plead guilty to stealing another 1,600 BTC ... Read More »

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Public Thinks Bitcoin is Mainly for Darknet Use, Study Shows

YouGov, an international market research company, conducted a study on Bitcoin and Ethereum. The findings, the company said, in spite of the growing popularity of both currencies, indicated several findings that some may find surprising. YouGov researches nearly everything. “Domino’s trails behind rival Pizza Hut in quality perception,” one of the company’s tweets reads. Another tweet points out that “53% ... Read More »