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An unauthorized intrusion into a computer or a network

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Hacked Japanese Crypto Exchange Fesses Up New $2.3 Million Theft, $35 Million Total

After losing about ¥3 billion ($32 million) to cyber criminals last week, it now appears that hackers not only targeted the Japanese operations of Bitpoint but also other overseas exchanges running the firm’s cryptocurrency trading system. According to The Japan Times, cryptocurrencies worth $2.3 million were stolen in an earlier attack which targeted Bitpoint’s subsidiaries. […] The post Hacked Japanese Crypto Exchange Fesses Up New $2.3 Million Theft, $35 Million Total appeared first on CCN Markets
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Private key hacks can be avoided by quality key generation and customer awareness

Cryptocurrency assets are the first form of financial currency which does not possess a physical presence. They are lines of codes on the blockchain network which gets stored on a user’s crypto wallet and the only way to access these wallets is through the use of private keys. The private key has to be a […] The post Private key hacks can be avoided by quality key generation and customer awareness appeared first on AMBCrypto.
AMBCrypto

Crypto Tidbits: Donald Trump Jabs Bitcoin, Bitpoint Hacked for XRP, Litecoin Bags Partnership

Another week, another round of Crypto and Bitcoin Tidbits. The past week was rather tumultuous for the cryptocurrency market. BTC traded everywhere from $10,800 to $13,200, causing dramatic shifts in the sentiment of investors across the board. Per the time of writing this, many analysts have begun to lean bearish, as Bitcoin and other cryptocurrencies have lost key support levels and have begun to express signs of further stints lower prior to a reversal. Related Reading: Bitcoin Becomes “Geo-Political Chess Piece” as Global Leaders Air Their Opinions on Crypto Anyhow, while crypto assets’ price action was bearish overall, what happened over the past seven days could be seen as bullish for this ecosystem’s long-term success. We saw Donald Trump name drop “Bitcoin” and “Libra” on Twitter, Binance launch an important product as it turns two, multiple big names in investment laud BTC as a store of value (again), and Litecoin bag a large partnership that could bring crypto to the masses. Also, Bitcoin has started to enter back into the discourse of mainstream finance. In fact, Jerome Powell, the incumbent chairman of the Federal Reserve, mentioned the cryptocurrency when speaking in front of a group of regulators. He called it a gold-esque store of value, which is, by many definitions, quite the bullish statement. And then Chamath Palihapitiya somewhat followed suit, telling CNBC that BTC is likely the best hedge against the fiat monetary system that has (and will) ever existed. The former Facebook executive and incumbent chief executive of Social Capital went on to urge viewers of the segment to buy Bitcoin. Related Reading: Crypto Tidbits: ErisX Bitcoin Futures, Blockchain on Jeopardy, Proposed BitMEX Ban Bitcoin & Crypto Tidbits True Digital Joins the Bitcoin Derivatives Rat Race: The rat race to launch Bitcoin derivatives has continued into its umpteenth week. Revealed by CoinDesk, digital assets platform trueDigital Holdings is looking to offer such cryptocurrency products to U.S. investors. To take steps towards this coming to fruition, the startup has commenced a licensing process with the U.S. Commodity Futures Trading Commission (CFTC). which is still in its earlier stages. Should trueDigital secure a green light, it will look to offer physically-deliverable Bitcoin swaps on a “fully-regulated” crypto derivatives exchange. NFL’s Miami Dolphins to (Somewhat) Accept Bitcoin & Litecoin With New Partnership: Litecoin (LTC) has been adopted by a major American sports club. Starting in the upcoming National Football League (NFL) 2019 season, the so-called “OG” Bitcoin fork will be the “official team cryptocurrency” of the Miami Dolphins. This collaboration will “give Litecoin the ability to tap into one of the NFL’s largest and most passionate fan bases” via branding and advertisements at the Dolphins’ home arena, the Hard Rock Stadium, and through certain digital mediums. Litecoin’s blog post unveiling this unique partnership did not mention terms, or how exactly the cryptocurrency would be featured in advertisements or through the Dolphins’ online channels. What it did mention, though, was that through Aliant Payments, attendees of Dolphins games will be able to purchase 50/50 raffle tickets with Bitcoin and Litecoin. With the NFL pulling in millions of viewers each and every week, this interesting collaboration may do wonders for cryptocurrency adoption. Wall Street Giant Goldman Sachs in Search of Digital Asset Staffer Amid Crypto Push: “Further than ever before”, that’s what Goldman Sachs’ HR team wrote to describe its entree into the cryptocurrency space to job candidates. Per the listing, a Project Manager for Goldman’s new cryptocurrency unit will be “exploring” opportunities in this industry. Just last month, the chief executive of the institution, semi-professional disk jockey David Solomon told a French news outlet that Goldman is eyeing its own cryptocurrency. Solomon, along with some insiders speaking to outlets, hinted that Goldman may launch something like JP Morgan’s cryptocurrency, the fittingly-named JPM Coin. IRS Renews Cryptocurrency Efforts as BTC Returns to Mainstream: After announcing intentions to release new guidance and tools for U.S. cryptocurrency users, the Internal Revenue Service has begun to brief agents of its Criminal Investigation division on this asset class. According to a leaked 181-part slide deck from the American tax agency on digital assets, the agents will be advised to use a number of techniques and tactics to target evaders. These techniques include interviews, “open-source searches”, electronic surveillance, social media scrutiny, and Grand Jury subpoenas. The IRS has since confirmed the existence of this presentation. The agency is presumably responding to the resurgence in the Bitcoin price and the broader industry over recent months. Donald Trump Bashes Bitcoin as “Volatile” and “Thin Air-Backed”, Denounces Libra as an Attempt to Usurp USD:  Japanese Exchange Bitpoint Hacked for $32M in XRP, Bitcoin, More: Japanese crypto asset exchange, Bitpoint, has just been subject to a large hack, during which attackers managed to steal over $30 million worth of Bitcoin, XRP, Ethereum, Litecoin, and other digital assets. The funds were siphoned out of the exchange via its hot wallet, not the cold wallets as first suggested by some users. Binance Launches Margin Trading as it Celebrates Second Birthday: Announced just the other day, Binance, one of the world’s largest crypto exchanges, has launched margin trading. Per a blog post detailing the new product, this new product is part of Binance’s “effort to help push the industry forward and freedom of money”. Per a quote from the exchange’s beloved CEO, Changpeng “CZ” Zhao, the introduction of margin trading will also help his startup accommodate both “advanced institutional traders and retail traders” under one single roof. Binance will be offering up to three times margin on certain Bitcoin, Ethereum, Binance Coin, Tron, and XRP pairs for the time being. The company, which slated to also launch futures, has just turned two. Visa Continues Sortie into Crypto as it Takes Part in $40M Investment Round: Visa has continued its sortie into the cryptocurrency and blockchain space after becoming one of Facebook’s partners for the Libra Association. Announced this week, the American financial services company has invested an undisclosed sum into Anchorage. Both are part of Libra, making this investment somewhat understandable. Featured Image from Shutterstock Crypto Tidbits: Donald Trump Jabs Bitcoin, Bitpoint Hacked for XRP, Litecoin Bags Partnership was last modified: July 13th, 2019 by Nick ChongThe post Crypto Tidbits: Donald Trump Jabs Bitcoin, Bitpoint Hacked for XRP, Litecoin Bags Partnership appeared first on NewsBTC.
NewsBTC

Monroe College under ransomware attack; hackers demanding $2M

New York City's Monroe College is currently under a ransomware attack, Bleeping Computer writes. the college’s campus computer systems are down and the college’s website shows a 504 error. The ransomware attack began on Wednesday at 6:45 AM. While the type of ransomware is not yet known, it is believed to be likely to be Ryuk, IEncrypt, or Sodinokibi, which hackers favour when attacking enterprise networks. To decrypt the network, the attackers have demanded 170 bitcoins (approximately $2 million dollars). It is not yet known whether the college is planning to pay the ransom. “The good news is that the college was founded in 1933, so we know how to teach and educate without these tools,” Monroe College spokesperson Jackie Ruegger said. She indicated the college is working on finding a solution for students who are taking online classes so that they could still do their assignments. According to the Coveware research, ransom demands increased by nearly 90 per cent in the first quarter of this year, with most attackers demanding ransom in bitcoin. 
The Block Crypto

Bitpoint Hacked for $32 Million, Another Example of Crypto’s Volatility

A Tokyo-based cryptocurrency exchange called Bitpoint has suspended operations after it lost $32 million to a hacking last night. The company that runs the exchange, Remixpoint, discovered that ¥3.5 billion worth of various digital currencies had disappeared under its management. Bitpoint Hacked and Suspends Operations According to the exchange, the funds went missing from a hot wallet (a wallet connected to the internet), but other funds held in cold wallets or offline haven’t been affected. The hacking was brought to light when an error appeared in the exchange’s outgoing funds transfer system. ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News

The Japanese exchange BitPoint hacked for $32 million

The Japanese cryptocurrency exchange BitPoint has been hacked. About 3.5 billion yen ($32 million) was stolen in cryptocurrency. Currently, all operations on the platform are halted. According to the announcement of the Exchange, it is not yet clear what kind of cryptocurrencies were stolen, but it is assumed that it is a Bitcoin, Bitcoin Cash, Litecoin, XRP and Ethereum. It is also known that most of the stolen funds belonged to BitPoint clients, not to the site itself. "On the night of 11 to 12 July, an error occurred in the system of trading digital currencies transfer of funds. The investigation showed that as a result of fraud there was an illegal withdrawal of cryptocurrency. The total amount of stolen assets is 3.5 billion yen, of which 2.5 billion ($23 million) are customers funds,"- says in a report. BitPoint Japan is one of the licensed crypto exchanges.
/r/BitcoinMarkets

Dire straights: Glamoriser smart hair straighteners susceptible to hacking, warn researchers

Here’s some news that might curl your hair: A pen testing firm has disclosed a vulnerability in the Glamoriser smart hair straightener that could allow attackers to easy gain control of the device and perhaps create a fire hazard. The problem involves the Bluetooth Low Energy connection that the straightener uses to communicate with mobile devices running the product’s official mobile device app. Because is no secure pairing or bonding process, hackers within Bluetooth range could take over the device with their own phones, warns the UK firm Pen Test Partners in a blog post today. “There is no auth on the BLE communications between the device and the phone. Data can be sent to the device at any time as long as it is turned on (via the mains power socket),” the blog post states. “Something as simple as a button to push to put the straighteners in pairing mode would have solved it,” the report later states. Granted, attacker cannot concurrently take over the device if the proper user is already connected, but users who haven’t yet established a connection or who fall out of BLE range would be susceptible to an ambush. According to Pen Test Partners, malicious actors could change temperature settings and how long they stay on. There are limits, however: The product is automatically programmed to shut off after 20 minutes and cannot exceed temperatures over 235 Celsius. Nevertheless, the Pen Test Partners team was able to successfully start a fire inside a research environment by using the takeover technique. SC Media has reached out to UK-based Glamoriser for comment. The post Dire straights: Glamoriser smart hair straighteners susceptible to hacking, warn researchers appeared first on SC Media.
SC Media

U.S President Donald Trump on Bitcoin, Japanese crypto-exchange hacked and more

Crypto News – 12 July – U.S President Donald Trump on Bitcoin, Japanese crypto-exchange hacked and more Don’t forget to follow us for our daily videos#bitcoin #BitcoinIsBack #DonaldTrump #CryptoNews #cryptocurrency #BITPOINT #Crypto #cryptotrading pic.twitter.com/4hnkrYHf4g — AMBCrypto (@CryptoAmb) July 12, 2019 Crypto News – 12 July CB Insights on Fintech startups: According to a report by CB […] The post U.S President Donald Trump on Bitcoin, Japanese crypto-exchange hacked and more appeared first on AMBCrypto.
AMBCrypto

NYC Students Rejoice as Hackers Extort College for $2 Million in Bitcoin

Hackers have successfully breached the network of the New York City-based Monroe College, demanding $2 million in Bitcoin to restore the institution's encrypted data following a carefully-orchestrated ransomware attack. But while school administrators scramble to address the crisis, students are rejoicing at their unexpected luck. Hackers demand millions in Bitcoin The college – which has […] The post NYC Students Rejoice as Hackers Extort College for $2 Million in Bitcoin appeared first on CCN Markets
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UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra

The UK is studying the properties of Libra in-depth to prevent the digital currency from damaging the economy. This is what Philip Hammond, Chancellor of the Exchequer of the United Kingdom, said in a recent interview with CNBC’s Squawk Box. Hammond explained that regulators must fully understand how Libra works to counter the risks associated […] The post UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra appeared first on CCN Markets
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Tether (USDT) Accidentally Creates $5 Billion in Crypto

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the members at Tether transferred $5 billion ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News

ZILLIQA Price Prediction Today: Daily (ZIL) Value Forecast – July 15

• The short-term and medium-term outlook is in a downtrend. • Selling opportunities at the broken demand area may be considered. ZIL/USD Medium-term Trend: Bearish Supply zone: $0.02500, $0.02600, $0.027000 Demand zone: $0.01000, $0.00500, $0.00300 ZILUSD is in a downtrend in the medium-term. The bears' strong pressure broke the lower demand area of the rant […]
Bitcoin Exchange Guide

Royal Mint In UK Enters Crypto Realm Offering Custodial Services for Temtum (TEM) Cryptocurrency

The Royal Mint in the UK, a 1,100 financial institution tasked with minting coins for the United Kingdom announced their plans to become a cryptocurrency custodian in the coming days. This becomes the first time the financial institution is entering into the cryptocurrency world following previous unsuccessful attempts. The Royal Mint released an official press […]
Bitcoin Exchange Guide
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