What is SpriteCoin? Fake cryptocurrency scam delivers ransomware, installs more malware if you pay up

SpriteCoin tricks users into downloading ransomware with the lure of tapping into the latest hot cryptocurrency iStock Security researchers have discovered a new strain of ransomware that tricks users with the lure of the next hot cryptocurrency that is “sure to be a profitable coin”. According to researchers from Fortinet’s FortiGuard Labs, the threat dubbed “SpriteCoin” has been advertised on forums as a new cryptocurrency, luring people to download a wallet to tap into the “new cryptocurrency written entirely in JavaScript”. People who do download and run the .exe file…

50 Cent is a bitcoin millionaire after ‘forgetting about cryptocurrency from 2014’

50 Cent is a Bitcoin millionaire IBTimes US The rapper 50 Cent has reportedly become a bitcoin millionaire, after discovering that an account used to accept cryptocurrency for a 2014 album now holds a fortune. More than three years ago, the musician and actor – real name Curtis Jackson – let fans purchase his album Animal Ambition using bitcoin – amassing 700 BTC. Worth around $400,000 at the time, using current rates that figure is now valued at between $7m and $8.5m. On Tuesday (23 January) he told his 17…

Hands-On, End-to-End Review of Opendime USB Flash Stick

Opendime is a tiny USB flash drive that can be loaded with bitcoin by the first user and given to another user, who is, in turn, able to pass it along to a third user and so forth. The private key attached to each Opendime is generated by the device at the time of setup by the user: It is not known by anyone, not even by the first owner or by the Opendime company itself. Opendimes can be passed along multiple times to other users and verified. An Opendime…

“Digital Security Will Take Place on the Edges”

Security is one of the hottest topics in today’s ever-evolving digital world. A steady flow of debate continues to take place at tech forums worldwide on topics like encryption, passwords, two-factor authentication, hardware wallets and the like. As cryptocurrencies and the tools being used to manage them take shape, questions loom about the most efficacious ways to protect both user assets and privacy. One individual who is at the epicenter of this active space is Paul Puey. He is co-founder and CEO of EdgeSecure, a blockchain-inspired, decentralized, open-source, zero-knowledge, global…

South Korea Allows Cryptocurrency Trading for Real-Name Registered Accounts

Six Korean banks will begin allowing the simultaneous opening of accounts, deposits and withdrawals, as well as transfers of funds between these accounts and exchanges, beginning on January 30, 2018, but with some new restrictions. South Korea’s government continues its efforts to rein in the trading of virtual currencies such as ether and bitcoin with a new announcement from South Korea’s Financial Services Commission. Investors will now be required to convert their virtual bank accounts to real-name bank accounts in order to continue trading. Deposits and withdrawals are allowed only…

PIVX (PIVX) & Cryptonex (CNX) Make Huge Gains but What Are They?

PIVX and Cryptonex are the top cryptocurrencies with the most growth on today’s market. PIVX (PIVX) Source: coinmarketcap.com Privacy coins have been a hot emerging sector among the cryptocurrency space. Monero (XMR) was among the first, along with Verge (XVG). Just recently, PIVX (PIVX), another privacy coin, has been making a name for itself as it became available for trade on the world’s largest exchange, Binance. PIVX stands for “private instantly verified transactions.” It shot up almost 50% within the past two days, since the announcement. Currently, you can trade…

Ripple Leads the Cryptocurrency Rally, Dogecoin Creator Remarks are Weighing

Cryptocurrencies soared in Tuesday’s market across the board, after making sideways movements in the last two sessions, supported by South Korea’s decision to track cryptocurrency trading accounts. The report of adding taxes and tracking trader’s data contrasted with the earlier comments of completely banning the cryptocurrency trade in domestic markets. Ripple (XRP) generated gains of more than 14% in Tuesday trade, while Bitcoin Cash (BCH) price increased 7% after posting losses at the beginning of the day. Ripple was the best performer among the top ten cryptocurrencies following the final…

What is the ARK coin? This Altcoin is Storming into the Crypto Market

ARK is currently the third highest crypto price increase by percentage for the day, having grown by 19.28% in the past 24 hours. Currently, ARK is priced at $6.33 with a market cap of $620,397,894, which ranks Ark as the 48th cryptocurrency by market cap according to CoinMarketCap. ARK’s price has more than doubled since the beginning of September when it was selling in the $2.00 range. So, what is ARK? According to the ARK website, ARK is an all-in-one blockchain solution where you need only “Point. Click. Blockchain.” Sounds simple…

Cryptocurrency Traders Cheers South Korean Stance, But the Upside is Limited

Cryptocurrency markets weren’t as volatile as expected, following the final announcement related to South Korean regulatory actions. Markets declined initially in early hour trading after South Korea sidelined all the claims for completely banning the cryptocurrency trading. Instead, the country has announced to track the identity of each cryptocurrency trader for tax purposes, retreating from the initial claim of government ministers for banning the virtual currency trading. Source: CoinMarketCap After dipping close to the level of $10,000 mark, Bitcoin price moved back to $11,000 at the time of writing. The…

“The House Always Wins”: Can Blockchain Make Sports Be… | News

Expanded legalized sports betting is “inevitable,” believes NBA commissioner Adam Silver. In June 2018 Americans would find out whether his prediction was correct: the US Supreme Court is expected to decide on a case that seeks to overturn a ban on gambling. New Jersey making money moves The Professional and Amateur Sports Protection Act (PASPA), a law passed back in 1992, said any state that did not legalize sports betting by 1993 was prohibited from doing it. American players had to use foreign sites. Thousands of US friendly online sportsbooks – companies…