Business

Hackers Used Microsoft Email Accounts to Steal Users’ Cryptocurrency, Report

[ad_1] In worsening news for users of Microsoft’s email services like Outlook, Hotmail and MSN, several cryptocurrency holders affected by a recent hack allege that the hackers responsible stole their crypto, as reported by Vice’s Motherboard on April 29.  One victim claimed on a Dutch tech forum to have lost just over 1 bitcoin (BTC), or almost $5,400 at press time, when hackers used his email account to reset his password
BLOCKCHAIN

FedEx Executive Advocates for Industry Blockchain Standards

[ad_1] Rob Carter, the chief information officer of American delivery services company FedEx, has called for uniform standards in the blockchain industry, tech-focused media outlet Computerworld reported on April 25.Speaking at the Blockchain Global Revolution Conference, Carter argued that mandated standards would help create uniformity for blockchains used in supply chains. He also noted the technology’s ability to improve the tracking of a good’s provenance and streamline the shipping process:"There
Business

Canadian Regulator Introduces New Rules for Crypto Mining

[ad_1] Régie de l’énergie, the energy regulator of the Canadian province of Quebec, has released new rules for cryptocurrency miners. The development was announced by major Canadian electricity provider Hydro-Quebec on April 29.Under the new regulations, the Régie de l’énergie has ordered power producer Hydro-Quebec to allocate 300 megawatts (MW) to the blockchain industry. “This 300 MW will be in addition to the 158 MW already granted to existing customers
EXCHANGES

SEC Deals Another Blow, Temporarily Suspends Trading at Bitcoin Generation

[ad_1] The US Securities and Exchange Commission (SEC) took another step backward from Bitcoin this morning by suspending all trading in securities of Bitcoin Generation (BTGN), the first publically traded cryptocurrency exchange.  The suspension will take place from 9:30 AM EDT to 11:59 PM May 10. The SEC announced that this will be a temporary suspension of trading in the securities of Bitcoin Generation, a publically traded cryptocurrency exchange from
EXCHANGES

Bitcoin History Part 11: The First Major Loss of Coins

[ad_1] Since the very start, people have lost bitcoins due to human error. Mislaid wallets, forgotten passwords, broken hard drives, hacks, and scams have conspired to remove over 20% of all BTC from circulation by some estimates. The dubious accolade for the first major bitcoin loss goes to forum member Stone Man, who, on August 10, 2010, managed to permanently erase his access to almost 9,000 BTC. Also read: Bitcoin
EXCHANGES

Crypto Hacker Groups Get More Sophisticated, Exchanges and Authorities Fight Back

[ad_1] The crypto world has an unflattering history with security breaches and today, hacker groups are unabating in targeting investors and exchanges. So far this year, tens of millions of dollars in digital coins have been stolen from retail investors and holders. Although the situation is foreboding, the authorities and cryptocurrency trading platforms are getting better at stopping cybercriminals and thwarting hacking attempts. Hackers Aged Between 18 and 26 Arrested
Business

Number of Infected Electrum Bitcoin Wallets Reaches 152,000

[ad_1] The number of infected Electrum bitcoin (BTC) wallets has reached 152,000 following an ongoing Denial-of-Service (DoS) attack on its servers. The development was reported by anti-malware software firm Malwarebytes in a blog post on April 29.Malwarebytes discovered that the number of infected machines in the botnet has amounted to as high as 152,000, with the volume of stolen funds increasing to $4.6 million. The company managed to pinpoint a
EXCHANGES

NYSE Parent Company Buys Crypto Custodian Company to Push Bitcoin

[ad_1] A few months ago, Intercontinental Exchange (ICE) announced its plans to get into the Bitcoin and digital asset rumble. ICE, which also owns the New York Stock Exchange (NYSE) and a cryptocurrency subsidiary called Bakkt, pushed that narrative forward with its acquisition of a cryptocurrency custodian service called Digital Asset Custody Company (DACC) for an undisclosed amount. ICE also moved forward with making Bakkt a registered trust within New
ALTCOIN

Fundstrat’s Tom Lee Predicts New All-Time Highs for Crypto by 2020

[ad_1] Fundstrat Global Advisors founder Tom Lee has predicted that cryptocurrency prices will hit new historic highs by 2020. Lee delivered his comments during an interview with CNBC on April 28.In the interview, Lee forecasted that bitcoin (BTC) has not completed its upward movement and will likely reach new all-time highs around 2020 based on “11 signs that historically only take place in a bull market.” Lee thusly reiterated his
EXCHANGES

Former Bitcoin Advocate and CFTC Commissioner Bart Chilton Has Died

[ad_1] The former US Securities and Futures Trading Commissioner and blockchain supporter Bart Chilton has died.  Chilton was also known for his tight stance on swaps and derivatives, as well as being a critic of high-frequency traders. Chilton will also be remembered as an advocate of Bitcoin and the application of blockchain technology in general. As a Forbes contributor, Chilton wrote a couple of pieces for the publication highlighting the