Uganda is Set to Pass a Bill on Cryptocurrency Regulation

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Uganda has become the latest home to cryptocurrency crimes of enormous proportions. Indeed, the Sub-Saharan African country now feels the impact of something that never mattered before now. Before now, crypto-related exit-scams were U.S., European and Asian challenges, but not anymore. According to local media reports, Bitcoin (BTC) is extremely popular in the country. As … Continue reading “Uganda is Set to Pass a Bill on Cryptocurrency Regulation”

Make-a-Wish Foundation Latest Victim of Crypto Hackers

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Hackers embedded a cryptojacker in the Make-A-Wish site worldwish.org. This malware uses the computers of site visitors to mine cryptocurrency for the hackers.  Thanks to watchdog, Trustwave SpiderLabs, Make-A-Wish was able to successfully remove the cryptojacker from their site. It goes without saying that this recent attack on the Make-A-Wish Foundation is especially unpleasant As … Continue reading “Make-a-Wish Foundation Latest Victim of Crypto Hackers”

Beware Fake Trezor Wallets Flooding the Crypto Market

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The cryptocurrency space continues to attract illegal activities. The market suffers from increased hacking, fraud, and cryptojacking. Recently, criminals discovered a new way to defraud people of their money. According to reports, unknown persons decided to imitate crytocurrency wallets like Trezor and sell them to the public. Trezor warns customers of the fake lookalike Trezor, a … Continue reading “Beware Fake Trezor Wallets Flooding the Crypto Market”

 How Blockchain could have Prevented the Danske Bank Scandal 

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Imagine how shocking it would be for a bank to launder almost ten times the country’s GDP. That’s not all. Now, imagine if all the money came from non-residents of the Ukraine, Russia, Moldova, Azerbaijan and several other countries of the now-defunct Soviet Union. Indeed, this would make it the largest money laundering scandal of … Continue reading ” How Blockchain could have Prevented the Danske Bank Scandal “

Twitter Cryptocurrency Scam: Google Account was Just Hacked

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Unscrupulous hackers attacked Google’s official Twitter account for G Suite. The scammers posted a giveaway that prompted people to send in Bitcoin (BTC). Google has deleted the post and is working with Twitter to investigate the matter. The scam post read, “Google is giving 10 000 [sic] Bitcoin to all community! We decided to make the … Continue reading “Twitter Cryptocurrency Scam: Google Account was Just Hacked”

Media Prima of Malaysia Latest Victim of Ransomware

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Hackers recently attacked Malaysian media company Media Prima Berhad. Subsequently, Ransomware blocked the company’s access to the internal email system. Furthermore, the criminals demanded either 1,000 Bitcoin (BTC) or $6.3 million. Media Prima is a massive company behind several leading newspapers, as well as TV channels and advertising. Its television programming boasts the highest viewership … Continue reading “Media Prima of Malaysia Latest Victim of Ransomware”

Holiday Shopping 2018: Blockchain Technology Preventing Brand Fraud

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Experts expect online transactions to rise exponentially with the holiday season looming.  And so will the fraud attempts of criminals aiming to separate shopper prematurely from their hard earned cash. The Solution With online transactions on the increase, it is a challenge for retailers to differentiate between fraudulent and legitimate activities. Businesses need a discerning … Continue reading “Holiday Shopping 2018: Blockchain Technology Preventing Brand Fraud”

ICO Fraud: Colorado Securities Division Shuts Down Four More ICOs

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Last Thursday, Colorado Securities Commissioner Gerald Rome signed cease and desist orders for four ICOs. The securities division, based on the investigations of its newly created ICO Task Force, issued 12 such orders.  The four latest recipients were Bitcoin Investments, Ltd, PinkDate, Prisma, and Clear Shop Vision Ltd. All of these ICOs were unregistered securities, and … Continue reading “ICO Fraud: Colorado Securities Division Shuts Down Four More ICOs”

Warning: Bitcoin (BTC) Criminals Target Gate.io

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The cybersecurity firm ESET sent out a warning to alert to the global cryptocurrency community. According to the report, cyber criminals launched a campaign to target Gate.io and steal large amounts of Bitcoin (BTC) from hodlers. However, the cyber security experts managed to obstruct this ploy. According to a ZDnet report, the crypto thieves attempted … Continue reading “Warning: Bitcoin (BTC) Criminals Target Gate.io”

The Average Initial Coin Offering (ICO) has Security Flaws

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A recent audit report by Positive.com indicates that the average ICO has more than five security flaws in their system. These vulnerabilities affect the image of the company. In fact, of all the companies reviewed, only one passed in terms of security quality. It is essential to note that Positive.com prides itself on being a security platform … Continue reading “The Average Initial Coin Offering (ICO) has Security Flaws”