Author: Jamie Redman

A New Bitcoin World

Following Money Through the Bitcoin Laundry Is Not So Easy

Just recently there was a small ransomware outburst called “Peyta” that attacked various computers around the world. The creators of Peyta didn’t make as much money as the Wannacry extortionists had made a few weeks earlier, as Petya only raked in around $8,000 worth of BTC. However, the money the hackers accumulated has moved and following […]

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July 18, 2017 0

Mining Bitcoin Using Old Computers and Retro Gaming Consoles

Bitcoin mining has grown into a vast economy over the past few years as large ASIC-powered mining farms process transactions for the $32 billion dollar market. In the early days, people could mine bitcoins using their central processing units (CPU) and they still can, but the undertaking is extremely inefficient. However, a few people still

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July 16, 2017 0

Alphabay Offline for a Week — Darknet Users Rush to Find Alternatives

darknetThis past week Bitcoin.com reported on the Alphabay darknet marketplace going offline while many speculated an exit scam. It’s been close to a week now with no signs of the underground market coming back online, which could lead to a severe loss of bitcoin for those holding money there. Also read: Protestors Will Watch Mt Gox

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July 11, 2017 0

Creating a Bitcoin Bank in Less Than Thirty Minutes With a $2 USB Drive

USB DriveThere are multiple ways people can store bitcoins offline, using either a paper wallet or hardware options from companies like Trezor, Opendime, Ledger, and Keepkey. However, bitcoin users can also create a bitcoin wallet on a far cheaper USB thumb drive as well to store coins offline. Also Read: How Much Does it Cost to

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July 10, 2017 0

The Blockchain Split Scenario: Staying Informed and Backing Up Bitcoin Keys

splitIn less than four weeks the Bitcoin network has many events on the horizon, and numerous things could happen during the weeks following. Also read: A Look at the Bitcoin Apps Being Built Using the Lightning Network The Fear of a Chain Split Right now over the course of the next 3-4 months, there are many plans

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July 8, 2017 0

Class Action Lawsuit Filed Against Cryptocurrency Exchange Kraken

KrakenThis week a class-action lawsuit has been filed against the San Francisco-based trading platform Kraken. A group of customers have revealed that their holdings of 3,414 ETH was liquidated during an Ethereum market flash crash. According to the plaintiffs the cryptocurrency exchange suffered from a denial-of-service (DDoS) attack at the time having many Kraken users unable to

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July 7, 2017 0

Burger King Russia Franchise Plans to Accept Bitcoin Payments This Summer

bitcoin paymentsAccording to the regional news outlet, Uznay Vse, a Russian Burger King located in Moscow has begun testing bitcoin payments for food and drink purchases. The option to use the decentralized currency at Burger King Russia locations is expected to be rolled out across a few more restaurants in the country by the end of

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June 28, 2017 0

A Def Con 25 Demonstration Claims to ‘Break Bitcoin Hardware Wallets’

bitcoin hardwareThe well-known hacker conference Def Con 25 is happening once again at Caesars Palace in Las Vegas on July 27-30. The event schedule has a vast array of hacking exhibits and keynote presentations, but one notable group of Def Con demonstrators on the list claims they will show the audience how to break a bitcoin

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June 27, 2017 0

18-Year Old Erik Finman Details How Bitcoin Made Him a Millionaire

finmanThis week the 18-year old entrepreneur, Erik Finman, recently did an Ask Me Anything (AMA) on a technology subreddit where he details his experiences investing in bitcoin, which led to him becoming a millionaire by age 18. Also Read: Australian Financial Authorities Look Into Ethereum’s Conflicts of Interest Eighteen-Year-Old Entrepreneur Makes His First Million Investing

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June 23, 2017 0

South Korean Officials Bash ICO:s and Plan to Approach Bitcoin ‘Cautiously’

officialsOn June 18, government officials from South Korea revealed some opinions concerning cryptocurrency ‘speculation’ taking place in the region. Also read: Korea Steadily Becoming a Cryptocurrency and Fintech Hub  Speculation and Unreasonable Profits South Korean financial regulators and government agencies have been watching and researching the use of digital currencies within the country. According to the

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June 22, 2017 0