Cryptomining hacks aren’t new by any stretch, but a string of recent incidents is raising eyebrows. ZDNet reports that culprits infected multiple European supercomputers with Monero mining malware in the past week, including the University of Edinburgh’s ARCHER, five of bwHPC’scomputer clusters and most recently a cluster at Munich’s Ludwig-Maximilians University. That’s unusual by itself, but there appears to be a common thread between the hacks. Continue reading Supercomputers across Europe have fallen to cryptomining hacks
WITHIN HOURS OF its splashy Libra announcement last month, Facebook’s cryptocurrency plans had become a political cudgel. Drawing on Facebook’s privacy missteps and a gathering storm over antitrust, lawmakers swiftly demanded the company halt work on Libra while it addressed how it would avoid past mistakes. Those calls didn’t pose an immediate threat. Now, though, the project is getting attention from those who could potentially cool or delay Facebook’s ambitions: global regulators. Continue reading THE FED CHAIR SAYS FACEBOOK’S LIBRA RAISES ‘SERIOUS CONCERNS’
Canada-based cryptocurrency exchange QuadrigaCX CEO Gerald Cotten took a trip to India in early December, where the 30-year-old allegedly died of complications related to Crohn’s Disease. That’s tragic enough. Continue reading CRYPTOCURRENCY EXCHANGE LOSES ACCESS TO $145 MILLION AFTER CEO DIES, TAKES PASSWORDS TO THE GRAVE
It feels like cryptocurrencies like Bitcoin are going mainstream. They’re becoming more heavily regulated around the world, in diverse places like Japan and New York. Now people are being investigated for price fixing. According to Bloomberg, the US Justice Department has opened a private criminal probe into traders who may be manipulating the price of Bitcoin and other digital currency products.
Hey, remember initial coin offerings, the almost totally unregulated form of investment vehicle in which investors trade real cash or assets in exchange for virtual “tokens” in cryptocurrency-backed startups? You know, that hot new crypto market that the Wolf of Wall Street, Jordan Belfort, warned everyone was rife with scams? Those very ICOs that the Securities and Exchange Commission told everyone to be very careful about because of the “greater opportunities for fraud and manipulation”? Continue reading Wow, Who Could Have Predicted 59 Percent of 2017’s ICOs Are Already Dead or Doomed
New risk assessment research into cryptocurrency investing has arrived at an unsurprising (if finally quantifiable) conclusion: Over 10 percent of all funds raised through initial coin offerings (ICOs) has vanished into thin air.