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Tag Archives: cryptocurrency

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Research: How to orchestrate a cryptocurrency pump-and-dump scheme

The almost total anonymity offered by the cryptocurrency verse has rendered it a fruitful arena for a myriad of fraudulent activities including Ponzi schemes, currency heists, and pump-and-dump schemes. Even though pump-and-dump schemes represent a well known form of ruse that have long taken place across traditional financial markets, they have recently found a new area to flourish in – ... Read More »

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Research: The usage experience of cryptocurrency across Russia

It has been almost 10 years now since Bitcoin was born, and since then the new blockchain based currency has introduced the world to a new concept for payments, establishing a novel economic order. Moreover, the plethora of cryptocurrencies we are witnessing now is representing a massive improvement in monetary systems, which has become a topical and controversial issue in ... Read More »

Monero Becomes First Major Cryptocurrency to Adopt Bulletproofs

Monero (XMR), one of the world’s leading privacy-centric cryptocurrencies, has recently adopted a new technology known as “bulletproofs”, becoming the first major cryptocurrency to adopt the technology. The adoption of bulletproofs by Monero has made the coin much more efficient, and helped enhance security and user privacy. Bulletproofs are a new kind of non-interactive zero knowledge proof protocol. This new ... Read More »

Saudi Man Admits Paying for “Sadistic” Child Pornography with Cryptocurrency

In a court in the Eastern District of Virginia, a Saudi national admitted downloading child abuse content from a darkweb platform that provided illegal content to paying members. The announcement, published on the Department of Justice Office of Public Affairs’ website, highlighted the fact that the defendant had “paid cryptocurrency” to access this darkweb platform in search of illegal pictures ... Read More »

Spanish Minister Takes Control of Cryptocurrency Transactions

Even though technocrats have always insisted that it is quite difficult to monitor and control the cryptocurrency market, Cristóbal Montoro, who is the head of the Tax Agency in Spain, has now ordered the National Fraud Investigation Office (ONIF) to work on the matter. According to a report published by the Crypto Economy, the government official believes that he could ... Read More »

Cryptocurrency news roundup, April 27, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Various cryptocurrency exchanges suspended ERC-20 token deposits over critical bug This week, multiple cryptocurrency exchanges, including OKEx, HitBTC, Poloniex, and Shapeshift, suspended ERC-20 token deposits and withdrawals over a critical smart contract bug that allowed malicious actors to create a seemingly unlimited number of tokens in affected contracts. Using ... Read More »

Interpol Holds First Darknet and Cryptocurrency Working Group

INTERPOL launched its introductory working group on DarkNet and Cryptocurrencies at the INTERPOL Global Complex for Innovation in Singapore on April 3. They established that the surge of Altcoins, which projects itself as a substitute for Bitcoin, is very likely to be an imminent menace to law enforcement. In 2015, they held a Darknet training course as part of their ... Read More »

Cryptocurrency news roundup, April 15, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Islamic scholar claims Bitcoin is Sharia law compliant Mufti Muhammad Abu Bakar, a Sharia advisor and compliance officer at Blossom Finance, recently argued Bitcoin and other cryptocurrencies can be Sharia law compliant in certain cases. According to Bakar, Bitcoin can be Halal (permitted) if it is used as a ... Read More »

Cryptocurrency news roundup, April 8, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Mt Gox CEO claims he doesn’t want to profit from the exchange’s bankruptcy Mark Karpeles, the CEO of now-defunct cryptocurrency exchange Mt Gox, recently revealed through a Reddit AMA that he doesn’t want to profit from the exchange’s bankruptcy. Karpeles was set to receive roughly 160,000 BTC, worth over ... Read More »

Cryptocurrency news roundup, 1.4.18

This week’s summary of various cryptocurrency news and developments. New developments: Monero rejects ASIC miners through emergency software update Privacy-centric cryptocurrency Monero (XMR) recently went through an emergency software upgrade called Lithium Luna that saw its proof-of-work (PoW) hashing algorithm become resistant to ASIC machines. Among other things, the upgrade, according to the cryptocurrency’s core developer Riccardo Spagni, “slightly changes ... Read More »

Cryptocurrency news roundup, March 2, 2018

This week’s summary of various cryptocurrency news and developments. New developments: G20 calls for cryptocurrency regulation suggestions by July, puts off crackdown During this year’s G20 summit in Buenos Aires, Argentina, the world’s economic leaders revealed that they prefer to refer to cryptocurrencies as “crypto-assets,” and implied a crackdown on cryptocurrencies is out of the picture, although cryptos could have ... Read More »

Cryptocurrency news roundup, March 18, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Binance is offering $250,000 for information that leads to hackers’ arrest As covered by DeepDotWeb last week, cryptocurrency exchange Binance – which often sees trading volumes above $2 billion – had to thwart a large scale theft attempt that saw hackers manipulate the market to then try and cash ... Read More »

Cryptocurrency news roundup, March 10, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Cryptocurrency exchange Binance fended off a ‘massive’ theft attempt One of the largest cryptocurrency exchanges, Binance, was recently hit with a large scale theft attempt, that it managed to fend off. According to a report published by the company, hackers have been phishing its users since early January, and ... Read More »

Cryptocurrency news roundup, March 4, 2018

This week’s summary of various cryptocurrency news and developments. New developments: Bitcoin SegWit transactions are hitting all-time highs Segregated Witness (SegWit) was introduced to the Bitcoin network in August last year, through BIP (Bitcoin Improvement Proposal) 141 as a way to improve the network’s efficiency, so as to bring down high transaction fees and slow confirmation times. The technology allows ... Read More »

Cryptocurrency news roundup, March 3, 2018

This week’s summary of various cryptocurrency news and developments. New developments: ING Group reveals Bitcoin exchange Bitfinex has an account with it Dutch financial services company ING recently revealed that popular cryptocurrency exchange Bitfinex has a bank account with it. Ever since the exchange saw Wells Fargo sever ties with it last April, it wasn’t clear where it was banking, ... Read More »