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November 29, 2016

A Familiar Tale as Bitcoin Extortionists Target German Bank’s Customers

Bitcoin extortionists have hacked a high-end European bank several days ago, and now blackmailing its customers. Valartis, a Chinese-owned bank in Lichtenstein, has reportedly been hacked by unknown extortionists, according to the German newspaper Bild am Sonntag.

The hackers are demanding Valartis’ customers 10% of their life savings, paid in Bitcoin so they can  protect their anonymity. If they do not comply by the 7th of December, the hackers will reportedly release all of their account details. These will then be sent to finance authorities and the media.

According to Chief Financial Officer Fond Chi Wah, the bank did not know of any money losses and that customers [...]

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November 28, 2016

San Francisco Metro System Blackmailed for 100 Bitcoins by Ransomware Extortionists

On the 26th of November, the San Francisco Examiner reported the San Francisco Municipal Transportation Agency (SFMTA) was hacked. Infected computers at Muni stations were reportedly downed by HDDCryptor ransomware, whose masters attempted to extort the station for bitcoin. As a result, passengers got a free ride throughout the weekend as the agency was forced to open up the gates, since they were unable to process fare payments.

Muni ticket machines, kiosks, employee laptops, email and printed services, payroll systems and SQL databases were compromised according to The Register. Out of a total of 8.656 PCs and Macs on the agency’s network, a total of 2,112 were compromised [...]

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November 2, 2016

Zcash: A Cryptocurrency More Secure and Anonymous Than Bitcoin?

When MT Gox, bitcoin’s biggest exchange at the time, suddenly announced during February 2014 that they had “lost” almost $1 billion worth of bitcoins, some took to the blockchain to see what had happened. Their analysis led, in just a few days, to the second biggest news of that year: MT Gox still held 200,000 bitcoins, then worth $200 million, they appeared to be hiding.

Initially, there was some public debate with Gregory Maxwell, a bitcoin developer, disputing the findings, but all was confirmed when MT Gox publicly stated they had forgotten about $200 million.

The event revealed what is now widely accepted: Bitcoin provides very little privacy. All transactions are [...]

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November 2, 2016

vDice.io, The World’s First Full Decentralized Gambling Platform

vDice.io, having launched in June as the first fully-decentralized betting game for the first programmable P2P network, will host a crowdsale from November 15 to December 15. In exchange for Ether (ETH), investors will receive “vSlice” tokens, each of which is directly tied to the profits of the game. The “vSlice” token will regularly distribute profits of the vDice game to token holders.

Since going live on June 13, vDice has become the top ranked Google site for Ethereum gambling, having processed nearly 10,000 bets.

Built On Smart Contracts

Built on fully decentralized smart contracts, vDice processes bets through an Oracle without server architecture. As [...]

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