Bitcoin Core

Original client of Bitcoin, launched by Satoshi Nakamoto.

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Crypto Specialist Jameson Lopp: “No One Controls Bitcoin Or The Focal Point For BTC Development”

On Saturday, December 15, Jameson Lopp posted a lengthy post on Medium, which argued that no one controls Bitcoin. The direction Lopp took in explaining what many consider “the presence of control” was by explaining the overall operations of Bitcoin Core along with the Bitcoin Protocol. Bitcoin Core As A Focal Point Lopp first started his case by identifying Bitcoin Core as a “focal point” for the overall Bitcoin protocol, as opposed to a “point of command and control,” implying that if Bitcoin Core were to vanquish, a new focal point would come about. He also gave examples that showed the “focal point for development” taking on different platforms, since the existence of Bitcoin: “In 2009, the source code for the Bitcoin project was simply a .rar file hosted on SourceForge. […] In 2011, the Bitcoin project migrated from SourceForge to GitHub […] In 2014 the Bitcoin project was renamed to Bitcoin Core.” Lopp went on to summarize the overall procedure involving verifying the integrity of Bitcoin Core’s code: Anyone can propose changes that improve the software Developers can review pull requests to ensure they are safe, implying once again anyone can comment on Bitcoin Core, as there is no barrier If the pull request does not pose a problem, the maintainer will merge it Core maintainers set a “pre-push hook” to avoid pushing unsigned commits to the repository The Travis Continuous Integration system runs this script to check integrity of the history Anyone who wants to can run the script to verify the PGP signatures News outlet, News BTC also covered his work by simplifying things to “how bitcoin development works” and “testing the code coverage.” As per the outlet, who quoted Lopp, core contains maintainer accounts responsible for merging codes into the main branch, as noted above. Each maintainer is said to contain their own PGP key, which is needed for the merging process. However, it has been argued that said keys can go compromised, “unless the original key owner notified the other maintainers.” While the keys are not necessary as secure as one would assume, it was noted that it wouldn’t be a simple task for an attacker to attempt anything regardless. The moment the codes have been verified by said keys, it has been affirmed that the Bitcoin mainframe undergoes auditing, which include integrity checks to give an example. In particular, Lopp started that, “If the script completes successfully, it tells us that every line of the code that has been changed that point has passed through the Bitcoin Core development process and has been “signed off” by someone with a maintainer key.” Code Testing Lopp shared that every developer has access to the code and can test it by having the core’s GitHub repository cloned, which means each and every one works with the same code coverage. As per his quotes: “Each node operator governs themselves by ensuring that no one else on the network is breaking the rules to which they agree. This security model is the foundation for Bitcoin’s bottom-up governance.”
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BCH Devs Publish Bi-Directional Payment Concept Based on IPFS

On Friday, Openbazaar and Bchd developer, Chris Pacia, revealed a new Bchd project feature currently in the making that would allow for Bitcoin Cash-based bi-directional payment channels. Moreover, in contrast to the Lightning Network, the Bchd developers explained that the team has created an overlay network based on the Inter-Planetary File System (IPFS). Also Read: A Look at Some of 2018’s Most Popular Cryptocurrency Traders A Generic Overlay Network Based on IPFS Built for Bitcoin Cash   The Bchd developer Chris Pacia has published a Medium post explaining a new bi-directional payment channel protocol for the Bitcoin Cash (BCH) network which they hope will be complete by early next year. Pacia and fellow contributors at the Bchd project just recently published the client’s library and wallet. The following day, the programmers released the Neutrino wallet which can enhance BCH privacy. Bi-directional payment channels are used in unison with the Bitcoin Core (BTC) network which allows the Lightning Network (LN) participants to exchange micropayments. However, some people consider LN not very user-friendly and others have criticized its security due to routing complications. Instead, the programmers built a generic overlay network based on IPFS’s libp2p. IPFS is a network that enables a more decentralized peer-to-peer method of allocating hypermedia in a distributed fashion. The open source Gcash overlay implementation, which is based on the modular network stack Libp2p, can be found on Github. According to Pacia, it offers features like extensible peer identities, encrypted and authenticated connections, protocol multiplexing, stream multiplexing, and distributed hashtable technology (DHT) techniques. The Gcash overlay section of the repository states that “using the overlay network in your app is dirt simple.” Further, the applications that could benefit from this type of overlay connection would be peer-to-peer gambling apps, atomic swap protocols, coin mixers, wallet-to-wallet communication, and basic payment channel protocols. There will also be Tor integration and at the moment Bchd developers need to connect Tor as an optional transport. ‘Nothing Stopping All Bitcoin Cash Apps From Being Interconnected’ The idea was well received by Bitcoin Cash proponents on r/btc, with many from the community offering Pacia feedback in regard to the protocol’s functionality. One commenter said that “Bchd is really making a run for best BCH implementation.” In the Bchd Medium post it links to some examples on how to “register a custom protocol, store and retrieve data from the DHT, and publish data over pubsub.” The blog post continues: There is also a compatible javascript version of libp2p that can run entirely in the browser. Making a javascript version of the overlay network should be really easy as the entirety of the library is only 614 lines of code. The Bchd developers wholeheartedly believe there is nothing that can deter BCH applications from communication and interconnectivity. The programmers hope other developers are interested in pursuing this path and conclude that if people have any feedback to contribute or questions to feel free to reach out. What do you think about the idea of an overlay network for the Bitcoin Cash blockchain that allows for bi-directional payment channels and DHT technology? Let us know what you think about this subject in the comments section below. Images via Shutterstock, IPFS logo, Pixabay, and Bitcoin.com. Want to create your own secure cold storage paper wallet? Check our tools section. The post BCH Devs Publish Bi-Directional Payment Concept Based on IPFS appeared first on Bitcoin News.
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Who Controls Bitcoin Core? Programmer explains.

Who are the people in charge of maintaining the Bitcoin Core code repository and what kind of influence does GitHub have over the development process? We also discuss the Lightning Network, as some people in the crypto space claim that Lightning Network was invented by the banks... https://cheddar.com/videos/facebook-blockchain-group-on-hiring-spree-for-cryptocurrency https://medium.com/@lopp/who-controls-bitcoin-core-c55c0af91b8a https://www.youtube.com/watch?v=UYHFrf5ci_g GET FULL ACCESS TO THE ACADEMY: https://christmas.ivanontech.com LET’S MEET IN NEW YORK: https://www.facebook.com/events/452734075131412/ 💰 GET $10 TO BUY YOUR FIRST CRYPTO: https://www.coinbase.com/join/59d1738ff36136022bd9ee10 🏆 BUY PHYSICAL BULLION GOLD: http://www.bullionvaultaffiliate.com/ivanli/en 📈 BEST ALTCOIN EXCHANGE: https://www.binance.com/en?ref=35933746 🔐 BEST WALLET: https://www.ledger.com?r=5a56aa023b40&tracker=IOT Good Morning Crypto 🎓 LEARN SMART CONTRACT PROGRAMMING http://coding.ivanontech.com 🎓 Join my online academy https://academy.ivanontech.com 👬 Join the crypto discussion forum - https://forum.toshitimes.com 📣 Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xhC8MU4cg 🎤 If you would like me to speak at your conference, book me here: https://ivanontech.com #bitcoin #blockchain #ivanontech 👫👭👬Social: LinkedIn: http://linkedin.com/in/ivanliljeqvist/ Instagram: http://instagram.com/ivanontech/ Steemit: https://steemit.com/@ivanli Facebook: http://facebook.com/ivanontech/ Exclusive email list: http://eepurl.com/c0hyc9 DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make. Ivan on Tech is all about cryptocurrencies and the technology behind Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price, investing, analytics, different altcoins. Ivan on Tech by Ivan Liljeqvist
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Bitcoin Development Not Controlled by Anyone Says Crypto Veteran

No one controls the focal point for Bitcoin development, said Jameson Lopp in his latest blogpost. The Bitcoin veteran, who has been a crucial part of crypto developments since the beginning, opened recently about how developers run the world’s biggest decentralized financial network without fragiling it. He also attempted to answer individuals and groups that criticize bitcoin core, a large group of software veterans, programmers and even newbies, for controlling the network’s present and future developments by taking unilateral decisions. How Bitcoin Development Works The central point throughout the Lopp’s post remained how Bitcoin Core reaches a consensus whether or not it would merge new code proposals into their GitHub repository. Lopp explained that while the core has “maintainer” accounts that have the ability to merge code into the master branch, their duty is more janitorial than authoritative. That said, the core picks maintainer for their provable contributions over a period of time. Each maintainer holds a unique PGP key and only these encrypted jargons could commit merge codes to the current framework, he added. A malicious actor, in this case, could still use its administrative privileges to inject code into the GitHub repository without maintainer’s consent – through a Pull Request feature. “While these keys are tied to known identities, it’s still not safe to assume that it will always be the case — a key could be compromised and we wouldn’t know unless the original key owner notified the other maintainers,” Lopp wrote. “As such, the commit keys do not provide perfect security either, they just make it more difficult for an attacker to inject arbitrary code.” The code that has been verified using the PGP keys into the Bitcoin mainframe is prone to auditing. Developers, for instance, can run an integrity check, dubbed as verify-commits, on their machines. “If the script completes successfully, it tells us that every line of code that has been changed since that point has passed through the Bitcoin Core development process and been “signed off” by someone with a maintainer key,” Lopp asserted. Nevertheless, the cypherpunk recognized that the solution was not entirely a cure but a strong prevention tactic to keep the villains out of the core. “Constant Vigilance,” he recommended while hoping that more developers reviewing bitcoin code could ensure its growth as any other open source project. Testing Code Coverage Bitcoin Core includes a specific integration test suite that runs against every pull request, coupled with an extended test suite that runs every night on master. Available to every developer on GitHub, the code, according to Lopp, can be tested openly by cloning the core’s GitHub repository. The same code coverage, meanwhile, can also be viewed at Marco Falke’s page. That said, each developer can purposely break the code to test whether or not it is committable to the original framework. “Ultimately, each node operator governs themselves by ensuring that no one else on the network is breaking the rules to which they agree,” said Lopp. “This security model is the foundation for Bitcoin’s bottom-up governance.” Bitcoin Development Not Controlled by Anyone Says Crypto Veteran was last modified: December 16th, 2018 by Davit BabayanThe post Bitcoin Development Not Controlled by Anyone Says Crypto Veteran appeared first on NewsBTC.
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CEO of Romanian Exchange Coinflux Arrested on US Warrant

Police in Romania have detained the founder and CEO of Coinflux, one of the country’s major cryptocurrency exchanges. Vlad Nistor has been arrested on a warrant issued by U.S. authorities accusing him of a number of crimes, including the defrauding of American citizens. A court in Bucharest is currently reviewing the extradition request. Also read: Ukrainian Village Distributes Dividends From Crypto Investment Crypto Entrepreneur Accused of Fraud and Money Laundering Vlad Nistor The 29-year-old businessman was apprehended by Romanian policemen and prosecutors earlier this week at his home and office in the city of Cluj. The arrest was conducted in the presence of four U.S. law enforcement agents, local media reported. According to the publications, Nistor is now awaiting a decision by the Bucharest Court of Appeal regarding his extradition to the United States. In its request, the U.S. Justice Department has accused him of running a fraud scheme, committing computer fraud, leading an organized crime group and money laundering. Coinflux is one of the largest digital asset trading platforms in Romania. Nistor, a graduate of Brunel University in the U.K., established the bitcoin exchange in December of 2015. He has been described as a professional with seven years of experience in the financial sector, including pension funds where he managed savings worth millions of euros. According to local news outlet Ştiri de Cluj, the company’s turnover in 2017 was €3.25 million ($3.68 million). Its website claims that the platform has, so far, exchanged over €201 million worth of cryptocurrencies in more than 203,000 transactions for over 19,000 traders. Coinflux offers its users the opportunity to buy and sell major cryptocurrencies such as bitcoin core (BTC), ethereum (ETH), litecoin (LTC) and ripple (XRP). It accepts payments in Romanian leu, euro and supports Sepa transfers. Trading is currently disabled, however. In a blog post, the exchange said its bank accounts have been frozen and explained: Due to a recently started, unexpected investigation, we are in the unpleasant situation of temporarily stopping any digital currency exchanges … We are doing all possible efforts, along with our legal advisers, to make sure everyone who had money deposited in Coinflux wallets gets it back. The platform’s team further noted that, due to the investigation, they have been unable to send the announcement through the usual communication channels — via email and by publishing it on the website. “Our expectation is that we will gain back control within the next days,” they added. Vlad Nistor Released, Expected to Appeal His Extradition According to the latest information on the case, the judges from the Bucharest Court of Appeal disagreed with Nistor’s arrest. Romanian media reported that the entrepreneur was released before the weekend but placed under judicial control for a period of 30 days. Coinflux’s chief executive is not allowed to leave Cluj and the magistrates have banned him from conducting any financial transactions that involve digital assets. No decision has been taken yet regarding the U.S. extradition request and Nistor has until Dec. 20 to submit an appeal against it. His case is not the first of this kind in Europe in the past few years. In the summer of 2017, Greek police arrested the suspected operator of the infamous BTC-e exchange, Alexander Vinnik, in Thessaloniki on a warrant from authorities in the U.S. He is accused of laundering billions of dollars through the now-defunct crypto trading platform, including bitcoins stolen in the Mt Gox hack. Vinnik is also wanted by his native Russia and France for other crimes. However, a lawsuit against him filed in Cyprus has been dropped, as news.Bitcoin.com reported. The Russian recently announced through his defense team his decision to go on a hunger strike in protest against his treatment by the Greek judiciary. What do you think of Vlad Nistor’s arrest in Romania? Share your thoughts on his case in the comments section below. Images courtesy of Shutterstock, Coinflux, and Vlad Nistor (Twitter). Express yourself freely at Bitcoin.com’s user forums. We don’t censor on political grounds. Check forum.Bitcoin.com. The post CEO of Romanian Exchange Coinflux Arrested on US Warrant appeared first on Bitcoin News.
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Bitcoin Bull Thomas Lee Claims Market Is Wrong and BTC Should Be Much Higher

Bitcoin bull Thomas Lee continues to be confident in BTC, insisting that its current price is wrong and should actually be closer to the $15,000 mark. Along with a number of other bulls, Lee has made several overly hopeful predictions this year.  Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down Fair Value Is Higher Than Current Price Thomas Lee, the head of research at Fundstrat Global Advisors, is a major BTC bull. Due to the number of active wallet addresses, usage per account, and other factors, Lee has said BTC should be worth around $14,800, rather than the $3,200 at the time of writing. The executive said: “Fair value is significantly higher than the current price of bitcoin.” “In fact, working backwards, to solve for the current price of bitcoin, this implies crypto wallets should fall to 17 million from 50 million currently,” Bloomberg quoted him as saying. Lee, who has been the most bullish of bulls this year, added that BCT’s price will continue to rise next year due to increasing user adoption and acceptance of it as an asset class. He also said that if bitcoin core wallets approach 7 percent of Visa’s 4.5 billion account holders, fair value will shoot up to $150,000. It’s not the first time the financial expert has been bullish about bitcoin. Lee has said a number of times this year that BTC prices could hit up to $25,000. In November, the crypto bull said BTC would end the year at $15,000. Bulls Will Be Bulls Lee is not the only one who has made big claims during 2018. The year has been full of optimists who have predicted that BTC could surpass the dramatic heights it reached in December 2017. One bull who has tried to compete with Lee’s big predictions is Mike Novogratz. The former Wall Street hedge fund manager who now heads cryptocurrency investment firm Galaxy Digital said in September he thought the cryptocurrency would pick up by 30 percent by the end of 2018 and that it was impossible for the coin not to reach over $10,000. This week the former Goldman Sachs partner – who has lost a fortune in crypto – has continued to maintain that he is undeterred by the recent drop.   One of crypto’s loudest voices, antivirus pioneer John McAfee, has been another perma-bull. McAfee said earlier this year that BTC would surpass $15,000 in June. It’s fair to say he was way off the mark. And then there are long-term bulls, such as tech billionaire Tim Draper. The venture capitalist has at times been outlandish but said in September that by 2022, the cryptocurrency would be worth over $250,000 per coin. Only time will tell whether Draper is right. What do you think about the recent bullish price predictions? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Bitcoin Bull Thomas Lee Claims Market Is Wrong and BTC Should Be Much Higher appeared first on Bitcoin News.
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Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings

Every day, the crypto market is on the verge of entering darker territory, and as prices continue to plunge, many cryptocurrencies have become the victims of sudden sell-offs. An initial coin offering (ICO) called Substratum has even taken to day trading its present ether holdings to make up for potential losses. In a YouTube video, a figure named Justin from the Substratum network announces that the company is opening the doors to a token swap set to begin on Monday, December 17. The smart contracts for the company will begin then and batch transactions will start happening over the Ethereum network. Old Crypto Becomes New Crypto Prior to this date, executives will be moving any remaining Ethereum tokens in their crowdsale wallet over to a new wallet. If a person’s tokens are on Binance, the switch will be occurring natively through the exchange. Thus, customers will not need to worry. If a customer’s tokens are locked up in a wallet for an airdrop, they too will not need to take any steps. The move from the present wallet to the new wallet will occur on its own time. All older tokens will become frozen and unusable while the new tokens will be transferred into customers’ wallets. The company is also moving from two decimal places to 18 decimal places, which representatives claim will make transactions faster and more efficient. The smart contract has been fully audited by Quantstamp; furthermore, 120 million old tokens have been burned thus far. They will not be coming over through the transfer but will rather disappear into what Justin calls “the ether.” These tokens are set to disappear completely. The transfer will not be done within a set timeframe. The transfer is indefinite and will last until all customers’ wallets have received their new tokens. Predicting What the Future Holds Substratum now has a full-time trader on staff, who has suggested that Ethereum is going to be continually tested over the coming months. The bear market is not letting up and he has stated that Ethereum could fall to as low as $60. Executives are not necessarily looking to cash out. Instead, they will be trading only a portion of the Ethereum they possess, which they claim will give them the chance to “trade up” and potentially earn a little revenue before the crypto market falls any further. Once the market becomes bullish again, Justin claims in the video that Substratum will be in a better place and will be able to create newer (and better) products. Do you foresee the market getting even worse before it gets better? Post your comments below. Image courtesy of Shuttershock The post Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings appeared first on Live Bitcoin News.
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States Take Cryptocurrency Regulation Into Their Own Hands As US Federal Government Focuses On Blockchain

States Take Regulation Of Cryptocurrency In Their Own Hands, As US Federal Government Focuses On Blockchain Technology The regulation of cryptocurrency has been an ongoing problem for the United States (US). They have managed to outline particular processes involved with blockchain technology and have many trials that examine the way that it works in their industries. However, the fact that even government authorities have different classifications for the same token groups makes it hard to know how to handle them. As a result of the confusion, any states are working to become the friendliest places for cryptocurrency. Ohio even made an announcement recently that they would allow their residents to cover taxes with the use of crypto payments. In the meantime, the authorities are still in a state of confusion with defining and regulating the assets that clearly are in demand for residents. The ones making the most noise about the lack of organization of the federal policies aren’t stakeholders or even enthusiasts; these concerns also involve academics. Carol Goforth, a professor at the University of Arkansas, recently noted that there are presently four different regulators within the federal government that oversee how digital assets are dealt with, from their categorization to their issuance, and further. These four entities are the: Commodity Futures Trading Commission (CFTC) Securities and Exchange Commission (SEC) Financial Crimes Enforcement Network (FinCEN) Internal Revenue Service (IRS) The CFTC sees crypto assets as commodities, though the IRS shares a similar view in calling them property. The FinCen, which is run by the Treasury Department, regulates them with the same rules as fiat currency, but the SEC sees them much differently as securities. Professor Goforth expressed her skepticism that the regulatory entities would work together anytime soon, leading her to encourage the coordination between them for a more nuanced approach. As she puts it, her version of the rules would force the federal government to deal with each cryptocurrency as it is introduced, specifically identifying them by their functionality and the motivations of users. This is a path that at least one instance shows is happening within the federal regulators. The CFTC publicly requested details on the functionality of Ether and the Ethereum Network on December 11th. The document has 25 different questions that deal with the platforms purpose, functionality, scalability, and more. However, the effort to address a single asset by the CFTC isn’t necessarily a sign that the industry is turning towards the idea that the professor had in mind. None of the other regulators have taking this move and are holding on to the regulatory measures that they already have in line. Still, there’s always a chance that congressional legislators will make some changes in their framework. Darren Soto and Ted Budd, who are both US Representatives, brought in two bills on December 6th that will help with the improvement of regulatory framework and reduce the risk of price manipulation. These bills are called the Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018, respectively. These two bills offer specific regulatory changes that could be made for the process to be smoother for exchanges, users, and everyone else involved. The first bill discusses that many situations that can arise in the market for price manipulation. The other requests an in-depth study that aims to improve the “burdensome regulations that may inhibit innovation.” Warren Davidson, the representative of Ohio, spoke at a conference in Cleveland where he noted his intent to bring in a new bill that would create a new asset class for tokens. As such, the regulation of initial coin offerings (ICOs) would become significantly less difficult. A week later, Davidson suggested a crowdfunding event to help with the creation of the US-Mexico border wall, which would include the use of blockchain and “wall coins.” Even though there appears to be a significant lack of clear regulations regarding cryptocurrency, blockchain technology is already being applied to daily operations. The use of this ledger with supply chain logistics is easily its biggest application, and federal authorities are looking to use it for food safety as well, especially considering the recent E. coli outbreak. The Department of Homeland Security announced their intention to use the technology as a way to protect their own activities. Their three subsidiaries are working together for a clear record of documentation that will help with fraud, counterfeiting, and forgery. The defense authorities for the federal government recently established an app that would help the members of the armed forced to learn how to use blockchain technology for the supply chain as well.
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Bitcoin Supporter Says Crypto is Unconfiscatable as Long as It’s Not in Regulated Exchanges

Bitcoin has many different features, but one of the most important is the fact that users are the real owners of their funds as long as they keep their private keys. However, when users have their funds stored in exchanges, Bitcoin can be confiscated. During a Q&A session during a Tampa Meetup, he said that Bitcoin being non confiscatable applies to exchanges that are not regulated. In general, centralized virtual currency exchanges are not a safe place where to store funds. The company behind the exchange is able to manage the funds as it considers, block some accounts and even experience security issues. If Bitcoin wants to remain non confiscatable, the best what a person can do is to store them in cold storage wallets. No one is able to move the funds from there unless they have the private keys. At the same time, he said that Bitcoin does not have just a single price because there are different markets listing it. He compared the price of Bitcoin (BTC) with Apple stock explaining that Apple’s stock price is determined by supply and demand in just one place. He has also talked about Bitcoin ETF and the fact that to have a stable price of Bitcoin everything needs to sit in one place. He went on saying that having all the BTC in one place is a risk even when it creates a more stable market. For example, he emphasized the fact that if all the BTC are located in just one exchange, hackers might focus only on it. Furthermore, the US government would also have the possibility to confiscate the BTC that users own or trade them. There are several crypto platforms that are regulated, including exchanges such as Coinbase or Gemini. Governments would be able to confiscate the funds that users have on these exchanges, thus deleting one of Bitcoin’s main characteristics. Moreover, he said that Bitcoin being under the control of governments is not positive for the space. A lot of people would completely lose the faith in the popular virtual currency. This is exactly what Satoshi Nakamoto was trying to avoid when it created Bitcoin.
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Hong Kong Businessmen Targeted by Bitcoin Bomb Threats After Recent USA and Canada Attempts

There have been many different ways to steal funds from individuals in the cryptocurrency market. However, a new methodology has been applied in Hong Kong and other countries such as the United States. According to a recent report released by the South China Morning Post, businessmen in Hong Kong are being targeted by criminals that want to steal Bitcoin from them. These scammers try to steal Bitcoins from victims by threatening them that they will receive a bomb if they don’t send Bitcoins in the time span the scammers provide. One of the affected individuals is Michael Gazeley, the CEO of Network Box. He received a message in his business email with this Bitcoin bomb threat. Furthermore, he said that he had to pay $20,000 if he wanted to avoid receiving a bomb in his office. Gazeley said to the news outlet: “This looks like the third wave of blackmail emails plaguing the world in the past few years… I have never seen something like this, which sounds like cyberterrorism, in my 20-year career in cybersecurity.” Nevertheless, he was 99.99% sure that the message was not worth. Indeed, he mentioned that the email had some typo mistakes and the grammar used was not exactly good. That shows that the main intention is to take a few bucks from some individuals rather than really bombing an office. Hong Kong authorities did not provide further information about this issue, thus it is not possible to know the exact number of companies affected by these threats. This is not the first time that there are Bitcoin bomb threats around the world. A few days ago, as reported by NBC New York. Hoax bomb threats spread asking users to pay in Bitcoin. The New York Police Department (NYPD) informed on Twitter that there was an email circulating that contained a threat asking for a Bitcoin payment. However, they say that they did not find any devices in some of the places where the threat arrived. Please be advised – there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email has been sent to numerous locations, searches have been conducted and NO DEVICES have been found. pic.twitter.com/7omOs13Z7Q — NYPD NEWS (@NYPDnews) December 13, 2018 The NYPD went on explaining that the threats are meant to cause disruption and/or obtain money in a fast way. Although the police will be responding to the calls made by the community, they believe that the threats are likely ‘not credible.’ This is not the first time that there are scammers trying to steal Bitcoin and other virtual currencies from users. Earlier this year, scammers on Twitter were asking for Bitcoin and ETH deposits using fake accounts that stole famous people’s identities.
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