Tag : cryptocurrency


Bitcoin Crashing Due To Steep Rise in Cybercrime

Mar 19, 2014 By Sharon Solomon | The Bitcoin bandwagon has stalled. The value of the Cryptocurrency skyrocketed in 2013, but a downward trend is being witnessed this year. Investors and traders wishing to see Bitcoins in the mainstream e-commerce scene will probably have to wait a little longer.
Besides the glaring lack of regulation and worrying price volatility, cybercriminal activity has put a huge dent in the digital currency’s credentials. The hacking techniques are not new, nor are the vulnerabilities found in the Bitcoin exchanges.
More and more Bitcoin exchanges are being exploited with the help of malware and common phishing techniques. Coinbase and Flexcoin are just two of many Bitcoin platforms that have fallen prey to hackers and fraudsters.

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The Grinch Who Stole Christmas – And 30 Million Dogecoins

Dec 26, 2013 By Sarah Vonnegut | Hundreds of owners of the cryptocurrency Dogecoin awoke on Christmas to a not-so-cheery discovery: their digital wallets had been cleared out. Someone has stolen at least 30 million Dogecoin from Dogewallet.com, one of the largest sites being used to hold Dogecoins. The discovery came after Dogecoin forum users began posting complaints that their funds were disappearing without their authorization. The attack apparently targeted the site themselves, the hacker modifying the sites’ receiving page to ensure transactions came straight to the thief’s’ account. The site has since been shut down and the site’s owners are now investigating the digital robbery.

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