Tag: bitcoin

New Bitcoin Exchange launched in Kenya

New Bitcoin Exchange launched in Kenya

Business
Belfrics Global Pte Limited, a Malaysia based bitcoin technology provider has announced the launch of its bitcoin exchange in Kenya. With this launch, Belfrics is now available across three markets including India and its international-based exchange located in Singapore. Belfrics intends to capitalize on the growing demand for its services in Kenya, which is one of the top markets on the African continent. Belfrics Kenya will offer exchange services in addition to other digital services revolving around the Blockchain.The company also provides a POS system and payment gateway for merchants to accept bitcoins as payment, enhancing their scope of business. The rise of this digital cryptocurrency and the underlying technology, the Blockchain, has also brought with it many invest...
Passwords of about 5 Million Email Accounts Published Online by Russian Hackers

Passwords of about 5 Million Email Accounts Published Online by Russian Hackers

Cyber Security
A user of a Russian cryptocurrency forum has published a list of nearly 5 million email accounts and their passwords, reports BusinessInsider The Daily Dot reports that a forum poster known as "tvskit" posted a list of 4,930,000 email addresses and passwords on Russian Bitcoin forum BTCsec. It was claimed that around 60% of the passwords were valid, although forum administrators quickly removed the file and redacted the passwords. BTCsec A screenshot of the email horde. Some forum users who viewed the unredacted list claimed that the passwords shown were around 10 years out of date. Other accounts shown have been suspended or deactivated for years. Along with Gmail accounts, the list also included email addresses for Yandex, the Russian search engine. The affected Gmail account

Flexcoin The Bitcoin Bank Shuts Down After a 896 Bitcoins bust

Business, Cyber Security, Internet
Another Bitcoin site has gone bust, Flexcoin which called itself the Bitcoin bank is out of business. They posted this on their website: Flexcoin is shutting down. On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC, dividing them into these two addresses: 1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu 1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6 As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately. Users who put their coins into cold storage will be contacted by Flexcoin and asked to verify their identity. Once identified, cold storage coins will be transferred out free of charge. Cold storage coins were held offline and not within reach of the attacker. ...

Is it easy to steal Bitcoin

Business, Cyber Security
Bloomberg TV's Matt Miller is currently experiencing the "12 Days Of Bitcoin," a series for the business news television station. On Friday, Miller learned an important lesson. It was an experience that everyone should remember before they start moving their money into the digital currency. While on air, Miller surprised Bloomberg anchors Adam Johnson and Trish Regan each with $20 worth of Bitcoin. But as Johnson received the paper gift, he briefly exposed the QR code (see above). This act was effectively like sharing a bank account and PIN number. Immediately, someone lifted the QR code and stole the $20. This morning, Miller reported that he had engaged the thief — someone who goes by "milkywaymasta" — on Reddit. Here's "milkywaymasta": I was watching bloomberg where

Cybercriminals developing more malware

Cyber Security
According to the report, mobile malware was the most significant statistical category for the second quarter, in both quantity and complexity. Not only are cybercriminals developing more malware targeting mobile platforms, they are also advancing the programmes’ capabilities and behaviours. In addition to mobile malware, cybercriminals’ focused heavily on implementing campaigns designed for illegal bitcoin mining and theft as the digital currency’s value rapidly increased during the second quarter. Q2 2013 Malware Statistics: The following data was obtained using the cloud-based Kaspersky Security Network (KSN). All statistics were compiled with the full consent of users participating in KSN. Kaspersky Lab products detected and neutralised a total of 983,051,408 threats in the