The Next Stage of Cryptojacking: How New Crime Evolves

Cryptojacking is the secret use of your device’s resources to mine cryptocurrencies. There are several forms of cryptojacking, including in-browser mining, hacked apps, and background malware. Cryptojacking gained traction in September 2017, when Coinhive offered its JavaScript code as an alternative to regular advertising. The idea is simple – a website adds a special code to its … Read more

Maduro Orders the Issue of 100M Petros, Venezuela’s Oil-Backed Cryptocurrency

The first issue of Venezuela’s national cryptocurrency has been ordered by President Nicolás Maduro. He has also called for the first national meeting of the petro’s miners where he will release the whitepaper for the new currency. Also read: Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency 100 Million Petros Incoming On Friday Venezuela’s … Read more

Former Iced Tea Firm Plans to Mine Bitcoin in the Nordic Region

Just recently we reported on the beverage firm Long Island Iced Tea Corp and its share price increase by more than 400% immediately after it rebranded to “Long Blockchain Corporation.” On January 4, the company filed with the U.S. Securities and Exchange Commission (SEC), stating its intentions to mine bitcoins and purchase 1,000 Bitmain manufactured Antminer … Read more

United States of Bitcoin: Illinois Gives Crypto Love While Other States Hate

The United States continues to divide over the issue of cryptocurrency generally and bitcoin in particular. Idaho and Alaska issued crypto investment warnings, while Iowa’s Insurance Division cautions against the digital asset’s “high risk,” and Utah announces “scam” scares. Illinois bucks the worrywarts, however, and is instead crafting legislation that would welcome crypto businesses and … Read more

Shapeshift Throws Its Support Behind the Bits Standard for Measuring Bitcoin

Bitcoin developer Jimmy Song is on a mission to redefine the default standard for measuring bitcoin. If Song has his way, BTC will be recorded in “bits” by default, with each bit corresponding to one thousandth of a bitcoin. His Bitcoin Improvement Proposal for bits was submitted in December and this week, the plan came … Read more