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Three Bitcoin Operators Are Charged With Fraud

2018 has already been a rocky road for Bitcoin. Now, three virtual currency operators in the US have been charged with fraud by the United States Commodity Futures Trading Commission (CFTC). The three in question are CabbageTech, Entrepreneurs Headquarters Ltd., and another that remains unnamed. They have all been charged with engaging in fraud, misappropriation of funds, and misrepresentation, causing significant financial harm to investors. It is alleged that CabbageTech, who have been doing business as Coin Drop Markets have been making false promises to investors – they supposedly promised Bitcoin trading advice to investors, as well as Bitcoin purchasing...

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Two Game Changing New Cryptocurrencies

What’s more is they both have some serious backing. Despite only being less than a month into the new year, it has already been eventful for cryptocurrencies. The last couple of weeks have seen a massive crypto crash, and although the prices are slowly starting to pick up again, for some it is still rocky. One coin that is still set to be huge is not a new comer in the game, but is certainly one to back and that is Ripple. It is a name that has certainly been in the spot light in recent weeks, and was designed...

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$1.2Billion Worth Of Cryptocurrencies Have Been Stolen By Hackers

It has been reported that more than 14 percent of the Bitcoin and Ether supply have been compromised. Unfortunately this happens all too regularly, and in less than a decade, hackers have stolen $1.2Billon worth of Bitcoin and Ether. Lex Sokolin, who is the global director of Autonomous Research LLP, said; “It looks like crypto hacking is a $200million annual revenue industry.” So, why does hacking happen. Cryptocurrencies work on a blockchain technology, and once these records are shared, it is incredibly hard to alter them, leaving many to believe that they are actually super-secure; but, in reality, they are...

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Cryptocurrency Mining Could Infect More Than Half Of Organisations

Over half of online organisations across the globe have been recently attacked by threat actors, who used cryptocurrency mining tools in order to steal computing resources from corporations. According to research, this trend is only likely to continue as we head into 2018. The interest among such rogue actors in preying on the computing power that runs major streaming services and websites has likely been fuelled by the popularity of digital currencies such as Ethereum and Bitcoin. The latest Global Threat Index (a comprehensive listing of the most prevalent malware in use today) published by Check Point had no fewer...

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Here’s Why The Crypto Crash Happened…

The crypto world has not had a good couple of weeks. Even though the prices are on the rise now, in just ten days, cryptocurrencies lost $370billion. We take a look at the reasons behind this loss, and whether it can be prevented in the future. South Korea: The South Korean government intends to crack down on the trading of cryptocurrencies. As well as clamping down on crypto trading, they have also expressed a wish to add taxes these, among other measures to tighten the grip on the market that has a lot of doubt. There are some who see...

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