Crypto.IQ

Hundreds Of Websites Affected By Another Cryptojacking Incident

The world of cryptocurrencies has never been one without its fair share of controversy and problems which constantly leads to people being skeptical about the alternative economic system. In a string of similar attacks which have been going on for a while now, hackers have managed to infect hundreds of websites with software which enables them to make use of other peoples’ computers to mine cryptocurrency for them through their browsers. Drupal Content Management System In this recent most cryptojacking attack, hundreds of websites which make use of the Drupal Content Management system have been injected with the malicious software which is sued to mine cryptocurrencies by using other peoples’ computational power to mine Monero. This attack has been discovered by the security researcher wh...

Futures Launch Possible Reason For Bitcoin Decline

The world of cryptocurrencies enjoyed its biggest year yet in 2017 with almost all cryptocurrencies rising to new heights. More and more people started to know what cryptocurrencies are as adoption increased and the value of the different cryptocurrencies rose as well. At the top of all of them was the foremost cryptocurrency to come into existence, Bitcoin. The world’s largest cryptocurrency kept on breaking one record after the other as its price climbed higher and higher until it almost reached the $20,000 mark mid-December 2017. $20,000 All Time High Short-lived While it was not all smooth sailing for Bitcoin to almost reach the $20,000 mark and it was marred with volatility, it was still seeing an upward rising graph, however unstable. All of that changed soon after mid-December and 2...

Enterprise Ethereum Alliance Back In Action

The Enterprise Ethereum Alliance came into existence on the 28th of February last year showing massive potential of utilizing the Ethereum blockchain network in the context of enterprise level companies but since its inception, the Enterprise Ethereum Alliance has been very quiet. Other than the fact that it has been garnering more and more members joining the Enterprise Ethereum Alliance, there have not been any significant projects coming up and many were thinking that such an elaborate group of companies coming together in this kind of consortium would not be able to actually deliver anything of substance using the second largest cryptocurrency’s blockchain network backing it. The doubts about Ethereum’s potential to be used at enterprise level was so much that in fact the Chief Technol...

Blockchain Data Problem Bigger Than Anticipated

One of the biggest milestones that the world of cryptocurrencies was recently expecting to see was Bitcoin, the worlds first and the largest cryptocurrency reaching the 17,000,000 BTC mark. Hitting this milestone would mean that the cryptocurrency’s total of 21,000,000 BTC supply would be reached leaving only 4,000,000 BTC to be mined. While it all seems so simple enough, we would all be kidding ourselves if the milestone was going to be reached without any obstacles in the way. As with almost anything and basically everything in the world of cryptocurrencies, the 17,000,000 BTC milestone was not as simple as anticipated. After roughly every 10 minutes of time between them, the Bitcoin blockchain network registers another block added to the blockchain through the efforts of miners solving ...

China Might Have Iceland’s Missing Mining Equipment

In a series of thefts across the months of December 2017 to January 2018, Iceland saw one of the biggest heists that the country has ever known. Approximately $2 million worth of equipment was stolen from data centers in the country over the course of time. Believed to be masterminded by Sindri Thor Stefansson, this was one of the biggest incidents of theft in the country which is fast becoming a haven for cryptocurrency mining due the favorable natural conditions. According to reports, the series of burglary resulted in the theft of over 600 PCs, 100 power supplies. 100 motherboards, 100 CPUs, 100 memory disks and 600 graphics cards from data centers, which are situated in the North Western and South Western part of the country from December 5th of 2017 to January 16th of 2018. This put t...

CoinMarketCap Removed Bitcoin.com From BTC Page

One of the world’s foremost cryptocurrency price tracking site by the name of CoinMarketCap (CMC) has removed Bitcoin.com from the Bitcoin page without any announcements as to why it made the move. While there was no clear announcement about Bitcoin.com being removed from its BTC page, the reason why the CoinMarketCap tracking site has removed Bitcoin.com from its BTC page is actually quite clear. The website Bitcoin.com has recently been coming under a lot of fire from the Bitcoin community for being a misleading website that is encouraging people to buy Bitcoin Cash instead of Bitcoin by saying that Bitcoin Cash is a more reliable currency and has a greater store of value than the original Bitcoin. Bitcoin.org Only As of the press time on the 7th of May, CoinMarketCap has only one websit...

Cryptocurrency Auctions – Where Do The Confiscated Bitcoins Go?

From the dawn of the time that cryptocurrencies came into existence, their capability of facilitating anonymous transactions without having to go through central authoritative bodies have allowed criminals to rely on it as a haven. A lot of black markets and illegal activities found themselves being easily operable due to the anonymous and decentralized cryptocurrencies. The biggest selling points of Bitcoin became a way for them to thrive without fear of repercussions from authorities. In fact, a lot of the early activity using the Bitcoin was associated with illegal activities. While it is a fact that illegal activities pertaining to the use of Bitcoin have significantly reduced, it is still pertinent to point out that it’s a lot more difficult to seize Bitcoin and the likes. Here is a l...

OpenBazaar Preparing for Major Overhaul

2014 saw the launch of OB1, or more commonly, OpenBazaar. This was done to start off an online market which leveraged the power of Bitcoin, the world’s largest cryptocurrency. Since the very beginning of OpenBazaar, the founding members have almost entirely been centered towards Bitcoin but the longstanding scaling issue in Bitcoin isn’t making anything better. The OpenBazaar cofounder Washington Sanchez has started to become more and more frustrated with the scaling issues on the Bitcoin blockchain network and has voiced his opinions on Twitter. In the tweet, Washington Sanchez said that he has wasted so much time on the scaling issues on the Bitcoin blockchain network that instead, he would have had more success if he invested that time into designing and using decentralized applications...

The Creative Industry to See Blockchain’s Potential Through Singapore Based Startup

From the very beginning of its existence, blockchain technology has been seen disrupting the world of finance. Blockchain technology saw its invention when an anonymous digital currency system – decentralized and egalitarian – came into existence by the name of Bitcoin. Bitcoin uses blockchain technology as the basis within which it is able to operate so it makes sense that blockchain technology was initially very closely linked to Bitcoin itself and little else beyond that. Blockchain technology, however, has been exhibiting potential in a lot of other areas in the world. Many innovative individuals and entrepreneurs have started to make use of blockchain technology in areas other than the financial realm. Tang Ling and Blockchain One of the earliest people who found blockchain technology...

Vertcoin’s Twitter Hijacked by Cryptocurrency Scammers

Vertcoin’s Twitter account is the latest Twitter account to have fallen into the hands of scammers hijacking verified Twitter accounts in order to conduct fake giveaway scams on Twitter users who are looking to make an easy buck. The first of May saw the verified Twitter account of Vertcoin make a post saying that it was very happy to announce that it will be doing a Bitcoin giveaway. This was very similar to the other cryptocurrency scammers’ Twitter scams which promised the participants high rewards in Bitcoins for sending in a small amount to them for participation. As soon as the compromised account of Vertcoin made the tweet the lead developer of Vertcoin had called out the attack for being a fake tweet and said that Twitter Support had been contacted regarding the issue. He also went...

More Than $140,000,000 Bitcoin Moved From Mt. Gox Wallets

More than $140,000,000 worth of Bitcoin and Bitcoin Cash saw themselves being moved from Mt. Gox’s cold wallets this past Thursday. A very big move that can be a cause for concern for the valuation of Bitcoin. The world of cryptocurrencies has seen a lot of good times and plenty of bad. During the time that regulatory bodies just shrugged their shoulders when they heard of Bitcoin and other cryptocurrencies but they did manage to bat an eye brow or two, the trading of cryptocurrencies globally was rampant. From the very short time of half a decade between 2009 and 2014, Bitcoin saw a sharp rise in popularity and it became a multimillion dollar ecosystem. The cryptocurrency exchanges operating at the time were very few in number and one of them Mt. Gox based in Japan was the most popular cr...

IBM And Jewelry Industry To Use Blockchain Technology

With the introduction of Bitcoin, the concept of cryptocurrencies was born and blockchain technology was invented to provide the basis for the digital currency systems to operate. Bitcoin became highly scrutinized for its controversial nature and since blockchain technology saw its formation as a facilitator for the decentralized alternative economic system, it also faced the backlash of the criticism. It was only later that people started to see blockchain technology as something that is more than just a record book for a controversial and volatile currency. The uses of blockchain technology extend far and beyond from simple payment systems. It is as significant an invention as was the wheel or the paper. It has been slated to usher in a new era of how things are done in our daily lives. ...

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