Duncan Riley
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Google LLC has removed three fake bitcoin wallets from its Play Store that had potentially stolen significant sums of cryptocurrency from its users. Discovered by researchers at mobile security firm Lookout Inc., the three wallets, part of the “PickBitPocket” mobile malware family, …
EtherDelta is the latest cryptocurrency exchange to be hacked
A popular cryptocurrency exchange has had its webpage hijacked and customer funds stolen in the latest case of hacking in the booming market. The hack of EtherDelta, an exchange offering trading in Ethereum and a number of other currencies, involved the hacker …
Shares in drink maker surge 300% following blockchain name change
Shares in a drink manufacturer surged by nearly 300 percent in trading Thursday after the company announced it was pivoting into blockchain development. The Long Island Iced Tea Corp., a Hicksville, New York-based drinks maker founded in 2011, pitched its decision to enter the …
Eric Schmidt to step down as Alphabet executive chairman in January
Alphabet Inc. Executive Chairman Eric Schmidt will be a taking a more backseat role going forward as the company announced that he would step down in January. Schmidt, who previously served as Google LLC chief executive officer from 2001 to 2011 before …
Chinese ride-hailing giant Didi Chuxing raises $4B in latest funding round
Chinese ride-hailing giant Didi Chuxing Technology Co. has raised $4 billion in a new round that is reported to have included SoftBank Group Corp. and Abu Dhabi’s Mubadala Development Company PJSC. The company said in a statement that it would use the new funding …
NYSE Arca seeks regulatory approval for bitcoin-related exchange-traded funds
NYSE Arca looks set to be the latest major equities market to deal with bitcoin with the exchange filing two applications with the Securities and Exchange for approval to host bitcoin-related exchange-traded funds. The proposed bitcoin ETFs, ProShares Bitcoin ETF and ProShares Short …
Five men arrested in Romania for distributing CTB-Locker and Cerber ransomware
Five men accused of distributing CTB-Locker and Cerber ransomware have been arrested by authorities in Romania. The arrests, made by Romania’s Directorate for Investigating Organized Crime and Terrorism, were undertaken based on intelligence provided by Europol, the Federal Bureau of Investigation, the U.S. Secret …
Coinbase launches probe into potential Bitcoin Cash insider trading
Coinbase Inc. has launched a probe into possible insider trading that led the price of Bitcoin Cash to surge in the hours leading up to its official announcement of support for the cryptocurrency. In a Medium post Tuesday, Coinbase Chief Executive Officer Brian Armstrong said that …
Bitcoin Cash price surges as Coinbase adds support
The price of bitcoin alternative Bitcoin Cash surged in trading Tuesday as cryptocurrency marketplace Coinbase Inc. added support for the new currency for the first time. Bitcoin Cash, a “forked” version of bitcoin, debuted at the beginning of August, when existing bitcoin …
Insidious new cryptocurrency mining malware can physically damage a victim’s phone
An insidious new form of Android malware detected in the wild deploys a cryptocurrency miner that can actually cause physical damage to phones, according to a newly published report. Dubbed “Loapi” by security researchers at Kaspersky Lab, the trojan malware is spread …