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Pierluigi Paganini August 03, 2016
Hackers have stolen 120,000 Bitcoin in Bitfinex security breach

Bitcoin plunged just over 20% on Tuesday after news of the security breach suffered by Bitfinex that led the theft of 120,000 Bitcoin. One of the world’s largest digital currency exchanges, the Asian Bitfinex, has suffered a security breach that resulted in the suspension of deposits and withdrawals on Tuesday.  Hackers have stolen 120,000 Bitcoin, the theft has […]

Pierluigi Paganini June 08, 2016
Companies Are Stockpiling Bitcoin To Quickly Pay Off Ransomware Criminals

New research conducted by Citrix indicates that some businesses are stockpiling Bitcoins so they can pay cybercriminals fast in case of ransomware attacks. New research conducted by Citrix, a corporate networking company, indicates that some businesses are stockpiling Bitcoins so they can pay cybercriminals fast, if their data is held ransom by malicious software. Ransomware […]

Pierluigi Paganini May 02, 2016
Now we know the identity of Satoshi Nakamoto, the Bitcoin inventor

The mystery about the identity of Satoshi Nakamoto, the founder of the Bitcoin currency scheme, seems to be resolved, the man is Craig Steven Wright. The mystery about the identity of Satoshi Nakamoto, the founder of the Bitcoin virtual currency scheme, seems to be resolved, the man is the Australian entrepreneur Craig Steven Wright. Craig Wright publicly […]

Pierluigi Paganini February 16, 2016
Approximate machine improves the Bitcoin mining by 30 percent

A team of Illinois-based scientists have conducted a research to improve the Bitcoin mining process by 30 percent. Bitcoin mining is becoming a process even more costly in terms of computational resources, but a team of Illinois-based researchers have conducted a study to speed up this process. The group of scientists led by Indian Scientist […]

Pierluigi Paganini January 16, 2016
Senior Bitcoin developer expects a failure of the currency

Mike Hearn explains that the fundamentals are broken and the price the long term trend should probably be downwards. Mike Hearn, a senior Bitcoin developer explained the failure of the Bitcoin cryptocurrency as experiment and announced he has stopped working on it and sold his coins. Hearn blamed the community for the failure, according to the […]

Pierluigi Paganini December 09, 2015
Is he Satoshi Nakamoto? Australian Police raid home of the alleged Bitcoin father

While media announced to have found the real identity of the Bitcoin creator Satoshi Nakamoto, Australian police raided his home in Sidney. A few hours after the media indicated the Australian expert Craig Steven Wright as the possible man behind the popular name Satoshi Nakamoto, the anonymous creator of Bitcoin, the Australian Police raided his home in Sydney. […]

Pierluigi Paganini November 20, 2015
EU plans to ban Bitcoin to curb terrorism funding

According to a draft document seen by the Reuters the EU plans to ban bitcoin and any form of anonymous payment online to curb terrorism funding. European Union countries are planning to ban virtual currencies and any form of anonymous payments online, even through pre-paid cards. According to a draft document seen by journalists at […]

Pierluigi Paganini November 17, 2015
Discovered an ISIL Bitcoin Address containing 3 Million dollars

Hackers of the anti-Terrorism group Ghost Security Group have discovered ISIL militants had a bitcoin address containing 3 Million Dollars. We have been dismayed by the recent Paris attacks, fear, disgust and anger are the emotions that many of us have felt seeing the images from the France. While the Islamic State (ISIS) was claiming the […]

Pierluigi Paganini October 08, 2015
Someone could break the Bitcoin Network on demand

Researcher with the pseudonym of “Alister Maclin” claims to be able to break Bitcoin network on demand by running the malleability attack. According to MotherBoard, a researcher with the pseudonym of “Alister Maclin” claims to be able to break Bitcoin on demand. The experts detailed a technique of attack dubbed malleability attack that could allow attackers […]

Pierluigi Paganini July 13, 2015
Cloudminr Mining Service hacked, DB available online for 1 Bitcoin

According to TheHackerNews the Cloudminr.io Bitcoin Mining Service has been hacked, its database is available online for 1 Bitcoin. Colleagues at The Hacker News just reported that Bitcoin Cloud Mining service Cloudminr.io has been hacked and the scaring news is that the entire database is available online for sale for 1 Bitcoin. The hackers have compromised the […]