Advertise on ITWeb         Sun, 25 Jun, 17:34:40 PM

Bitcoin News Archive


"The fourth industrial revolution is about the convergence of different technologies seamlessly merging with physical, digital and biological spheres that have an impact on socio-economic factors in our society. We see the use of robotics and Bitcoin coming into play.
Blockchain, first developed as a public ledger of all transactions in the digital currency Bitcoin, is increasingly being used to securely track data in other fields..
Blockchain technology, which powers the digital currency Bitcoin, enables data sharing across a network of individual computers. It has gained worldwide popularity due to its usefulness in recording and keeping track of assets or transactions across all industries.
And lastly, backup and disaster recovery – incidents of cyber extortion are on the rise.  Companies regularly face intrusions where malware is placed on a server and data on that server becomes encrypted and inaccessible until a ransom in Bitcoin is paid to the anonymous cybercriminals.
The Bitcoin exchange is in talks for the biggest funding round on record of funding, reports the Wall Street Journal..
A lack of liquidity keeps US-based mutual fund managers from investing in Bitcoin, even as the digital currency hits record highs..
The Federal Bureau of Investigation, meanwhile, estimates ransomware cost companies in the US alone around $1 billion in 2016, a number that will most likely soar in 2017. We are aware of local businesses that have been hit by ransomware attacks and have chosen to pay ransoms of hundreds of euros or dollars (often in Bitcoin) to recover their data.
Coinbase suffered outages this week as the Bitcoin exchange hit record levels and saw "unprecedented traffic and trading"..
The Kin token will be created on the Ethereum blockchain, another online public ledger much like that of Bitcoin, the original digital currency. A sale of the token will be scheduled sometime this year, Ted Livingston, Kik founder and CEO, said in an interview with Reuters.
Cyber security researchers have said they believe North Korean hackers were behind the WannaCry malware, which encrypted data on victims' computers and demanded Bitcoin in return for a decryption key..
Bitcoin hit a record of $2 409 BTC=BTSP on the BitStamp platform..
The database would use blockchain, a public online ledger of transactions that first became well known as the software underpinning Bitcoin, the first digital currency..
At the same time, flaws in the WannaCry code, its wide spread, and its demands for payment in the electronic Bitcoin before files are decrypted suggest the hackers were not working for North Korean government objectives in this case, said Vikram Thakur, Symantec's security response technical director..
At the same time, flaws in the WannaCry code, its wide spread, and its demands for payment in the electronic Bitcoin before files are decrypted suggest the hackers were not working for North Korean government objectives in this case, said Vikram Thakur, Symantec's security response technical director..
K&R insurers have been adapting to ransomware-related claims – some are modernising coverage by setting up Bitcoin accounts for clients to speed up ransom payments, brokers said..

WannaCry post-outbreak analysis

19 May 2017 Security
By Phahamang Thakudi

As of the time of writing, the reported rate of infections appears to have subsided significantly. Furthermore, much feared 'round two' variants have either not materialised or failed to have the same impact as the Friday's initial outbreak.
Bitcoin is well-entrenched as the preferred payment for cyber criminals, but cryptocurrencies offering more anonymity threaten to displace it..
However, a bug in WannaCry code means the attackers cannot use unique Bitcoin addresses to track payments, security researchers at Symantec found this week. The result: "Users unlikely to get files restored," the company's Security Response team tweeted.
Aragon was built on ethereum, a public blockchain similar to Bitcoin's..
A Telefonica spokesman said a window appeared on screens of infected computers that demanded payment with the digital currency Bitcoin in order to regain access to files..

Company news

  to ITWeb's daily newsletter.

 


Top news

..

Tuesday, 25 July | Focus Rooms, Sunninghill
ITWeb Data Centre Confex 2017
Nerushka Deosaran, Senior associate and business development manager, Norton Rose FulbrightData everywhere: what goes into the cloud and what stays grounded?
Nerushka Bowan, emerging technology law specialist and legaltech innovator will explain why it is important that you understand the different types of data you hold and specific storage requirements.