Tag Archives: digital currency

A Typo in Zerocoin's Source Code helped Hackers Steal ZCoins worth $585,000

Are you a programmer?

If yes, then you would know the actual pain of… “forgetting a semicolon,” the hide and seek champion since 1958.

Typos annoy everyone. Remember how a hacker’s typo stopped the biggest bank heist in the history, saved $1 billion of Bangladesh bank from getting stolen.

But this time a typo in the Zerocoin source code costs the company more than $585,000 in losses.
<!–

BHIM App — How to Send & Receive Money with UPI

After the lack of supply of cash in India following its Prime Minister step to remove high-denomination banknotes from circulation in November 2016, the country is moving a step closer towards becoming a cashless economy with the launch of Unified Payment Interface (UPI).

Unified Payment Interface (UPI) allows all bank account holders to pay money from their smartphones, both online and

BlockChain.info Domain Hijacked; Site Goes Down; 8 Million Bitcoin Wallets Inaccessible

If you are fascinated with the idea of digital currency, then you might have heard about BlockChain.Info.

It’s Down!

Yes, Blockchain.info, the world’s most popular Bitcoin wallet and Block Explorer service, has been down from last few hours, and it’s believed that a possible cyber attack has disrupted the site.
<!– adsense –>
The site is down at the time of writing, and the web server

Unknown Bidder Buys 2,700 Bitcoins (worth $1.6 million) at US Government Auction

A winning anonymous bidder bought 2,700 Bitcoins (worth roughly $1.6 Million) in an auction held by the United States Marshals Service (USMS) on Monday.

The US government announced at the beginning of this month its plans to auction 2,719 Bitcoins that were seized during several criminal, civil and administrative cases like Silk Road.

The US Marshals confirmed to CoinDesk that four bids were

DDoSCoin — New Crypto-Currency Pays Users for Participating in DDoS Attacks

It’s 2016, and now, you can earn some dollars by contributing into well-organized DDoS attack scheme.

Do you know while mining Bitcoins you are actually contributing a significant computational power to keep the Bitcoin network running?

In Bitcoins, the miners actually build and maintain massive public ledger containing a record of every Bitcoin transaction in history.

When one user tries

Bitcoin Price Drops 20% After $72 Million in Bitcoin Stolen from Bitfinex Exchange

Yet another blow to Bitcoin: One of the world’s most popular exchanges of the cryptocurrency has suffered a major hack, leading to a loss of around $72 Million worth of Bitcoins.

Hong Kong-based Bitcoin exchange ‘Bitfinex’ has posted a note on their website announcing the shutdown of its operation after discovering a security breach that allowed an attacker to steal some user funds.

While

Corrupt Federal Agent charged in Silk Road theft accused of stealing another $700,000

A former United States undercover agent who stole hundreds of thousands of dollars worth of Bitcoins during an investigation into the underground drug marketplace Silk Road is now suspected of stealing even more of the cryptocurrency from two other cases.

Shaun Bridges is one of two former US agents who pleaded guilty last year and was sentenced in December to almost six years in prison for

Bitcoin Creator Has Finally Unmasked Himself. Maybe, Real?

The mysterious creator of the BITCOIN digital cryptocurrency seems to have been identified as an Australian entrepreneur, and his name is:

Craig Steven Wright.

Five months after Wright, an Australian computer scientist and businessman was outed as Satoshi Nakamoto, revealed himself as the original inventor of Bitcoin digital currency.

Wright has published a blog post offering Cryptographic

Microsoft Quietly Stops Accepting Bitcoin in Windows Store

Microsoft reckoned Bitcoin was the future of payment system and added it as a payment option for Windows store at the end of 2014, but the company has silently pulled support for Bitcoin in the Windows 10 Store.

In November 2014, Microsoft struck a deal with third-party bitcoin payment processor ‘Bitpay’ that allowed people to use Bitcoin to purchase Microsoft’s products and services from

Bitcoin Core Developers Quit Bitcoin Project to Launch a New Digital Currency

Some of Bitcoin’s Core developers have left the Bitcoin project and started building their separate cryptocurrency called DECRED.

Decred aims to prevent the issues Bitcoin is currently facing regarding project governance and development funding.

CEO of ‘Company 0’, Mr. Jacob Yocom-Piatt, who has funded Bitcoin development since early 2013, said the actual development of the Bitcoin