Online Cash Bitcoin Could Challenge Governments, Banks

US sanctions cryptocurrency addresses linked to Russian cyberactivities

https://www.bleepingcomputer.com/ne...-addresses-linked-to-russian-cyberactivities/

 

Just short term reactions. Its back to around $55K now. Time will tell.

 

"Tesla Makes More Money Trading Bitcoin Than Selling Cars

Tesla didn’t exactly earn its record profit from selling cars, however. The company said that it sold some of the $1.5 billion worth of bitcoin that it purchased in February, contributing $101 million to the bottom line. That is nearly a fourth of its total profit..."

https://www.wsj.com/articles/tesla-makes-more-money-trading-bitcoin-than-selling-cars-11619517615

 

"The IRS Wants Help Hacking Cryptocurrency Hardware Wallets

The IRS is looking for help to break into cryptocurrency hardware wallets, according to a document posted on the agency website in March of this year...

The law enforcement arm of the tax agency, IRS Criminal Investigation, and more specifically its Digital Forensic Unit, is now asking contractors to come up with solutions to hack into cryptowallets that could be of interest in investigations...the IRS wants researchers and contractors to come forward with solutions to hack into hardware wallets..."

https://www.vice.com/en/article/k78a53/the-irs-wants-help-hacking-cryptocurrency-hardware-wallets

 

If successful that will only "grab up" newbie configured security devices. You can configure your overall setup so that over 50% of the encryption security is not even on the Hardware Wallet. You simply cannot crack/hack something that is NOT there for examination. This is where the best of the best use ALL open source to control their own configurations and not simply be SHEEP with an out of the box model.

 

"Youngest Crypto Billionaire Created Ethereum After World of Warcraft Took His Favorite Spell...

Buterin, a 27-year-old Russian-Canadian programmer, disclosed that he was inspired to travel down the road that led to Ethereum when software-developer Blizzard removed a component of his favorite spell on World of Warcraft, an online multiplayer game. 'I cried myself to sleep, and on that day I realized what horrors centralized services can bring,' Buterin wrote..."

https://www.mediaite.com/news/young...er-world-of-warcraft-took-his-favorite-spell/

 

"SpaceX will launch the “DOGE-1 Mission to the Moon” in the first quarter of next year, with Elon Musk’s commercial rocket company accepting the meme-inspired cryptocurrency dogecoin as payment.

"SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space", Musk said in a tweet...."

https://www.reuters.com/business/fi...nt-launch-lunar-mission-next-year-2021-05-09/

 

Private-equity firm revives zombie fossil-fuel power plant to mine bitcoin

https://arstechnica.com/tech-policy...mbie-fossil-fuel-power-plant-to-mine-bitcoin/

 

"Elon Musk says car sales with crypto will be halted due to energy usage of mining...

Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment that cryptocurrency mining can have, Chief Executive Elon Musk said Wednesday..."

https://www.marketwatch.com/story/t...rgy-usage-of-mining-11620858326?mod=home-page

 

"Once hailed as unhackable, blockchains are now getting hacked

More and more security holes are appearing in cryptocurrency and smart contract platforms, and some are fundamental to the way they were built...

In total, hackers have stolen nearly $2 billion worth of cryptocurrency since the beginning of 2017, mostly from exchanges, and that’s just what has been revealed publicly. These are not just opportunistic lone attackers, either. Sophisticated cybercrime organizations are now doing it too: analytics firm Chainalysis recently said that just two groups, both of which are apparently still active, may have stolen a combined $1 billion from exchanges...

Blockchains are particularly attractive to thieves because fraudulent transactions can’t be reversed as they often can be in the traditional financial system. Besides that, we’ve long known that just as blockchains have unique security features, they have unique vulnerabilities. Marketing slogans and headlines that called the technology “unhackable” were dead wrong..."

https://www.technologyreview.com/20...nhackable-blockchains-are-now-getting-hacked/

 

Cryptos crashing this AM


Bitcoin USD 32,947 -10,371 -23.94%

Ethereum USD 2,148.91 -1,282.09 -37.37%

Ripple USD 1.1200 -0.4721 -29.65%

Bitcoin Cash USD 637.80 -458.76 -41.84%

Litecoin USD 180.00 -114.51 -38.88%

Monero USD 184.96 -158.29 -46.12%

 

"Bitcoin tumbles further below $40,000 after China issues crypto warning

The price of bitcoin tumbled below $40,000 for the first time in months and other cryptocurrencies were pressured on Wednesday, after the People’s Bank of China apparently warned against using digital coins as payment..."

https://www.marketwatch.com/story/b...sues-crypto-warning-11621411944?mod=home-page

 

"Hope for Prospective GPU Buyers? Ethereum Prepares to Phase Out Mining

Ethereum plans to complete its transition to a 'Proof-of-Stake' protocol in the coming months, which is expected to end mass-mining for the cryptocurrency using GPUs...

The news was contained in a blog post from the Ethereum Foundation. For years now, the nonprofit has been working to move Ethereum away from traditional mining to what’s called a “Proof-of-Stake” protocol, which promises to streamline the cryptocurrency...

...the cryptocurrency’s coming migration to Proof-of-Stake is expected to kill off the need for powerful GPUs to maintain the Ethereum blockchain. Instead, hardware requirements should dramatically fall, enabling a regular PC to help validate the blockchain..."

https://www.pcmag.com/news/hope-for-prospective-gpu-buyers-ethereum-prepares-to-phase-out-mining

 

Oh no, I better sell my gpu now while it's overpriced as ****. My vega jumped up THREE times in price since I bought it, crazy!

 

Another rough day for cryptos

Bitcoin down more than 50% from mid-April peak of $64,829.14.

Bitcoin USD 31,228 -6,858 -18.01%
Ethereum USD 1,737.28 -619.10 -26.27%
Ripple USD 0.6517 -0.2623 -28.70%
Litecoin USD 118.93 -55.53 -31.83%
Monero USD 177.00 -58.41 -24.81%

Last Updated: May 23, 2021 12:43 p.m. EDT

https://www.marketwatch.com/investing/cryptocurrency/btcusd?mod=home-page

https://www.marketwatch.com/story/b...he-great-unwind-11621790964?mod=mw_latestnews

 

Cryptos bounce:

Bitcoin USD 38,417 +4,627 +13.69%
Ethereum USD 2,430.82 +357.68 +17.25%
Ripple USD 0.8889 +0.1562 +21.33%
Litecoin USD 166.10 +28.06 +20.33%
Monero USD 245.74 +28.80 +13.28%

Last Updated: May 24, 2021 at 8:54 a.m. EDT

https://www.marketwatch.com/investing/cryptocurrency/btcusd?mod=home-page

 

"North Korean hackers behind CryptoCore multi-million dollar heists

Security researchers piecing together evidence from multiple attacks on cryptocurrency exchanges, attributed to a threat actor they named CryptoCore have established a strong connection to the North Korean state-sponsored group Lazarus.

The group is believed to have stolen hundreds of millions of U.S. dollars by breaching cryptocurrency exchanges in the U.S., Israel, Europe, and Japan over the past three years..."

https://www.bleepingcomputer.com/ne...ehind-cryptocore-multi-million-dollar-heists/

 

Police Raid Bitcoin Mining Operation

https://www.silicon.co.uk/e-marketing/epayment/police-raid-bitcoin-mining-operation-400104

 

"Iran Bans Crypto Mining After Months of Blackouts

Iran banned bitcoin mining this week, after four months of continuous blackouts partially due to what officials say is a huge energy suck from illegal mining..."

https://gizmodo.com/iran-bans-crypto-mining-after-months-of-blackouts-1846991039

 

"Nexus Inc. Launches World’s First Ethereum Bloackchain Network in Space to Provide Clients with Ultra-secure Transactions

KENNEDY SPACE CENTER, Fla. (Nexus Inc. PR) –Nexus Inc. (“Nexus”), a deep tech digital asset management firm...is pleased to announce the launch of the world’s first ethereum blockchain network onboard the International Space Station, with the sole objective of providing clients with ultra-secure cryptocurrency transactions against terrestrial hackers.

Executed from Nexus’s trusted ground-based interface terminal which has an uplink-downlink latency of at least 8 hours, the deceleration of the transaction speed, resulting in transmission delays in order to execute multisignature protocols, are key to defeating theft and fraud. Employing the mechanism of 2 out of 3 multisignature keys will ensure that if one authentication key is compromised, the funds transaction remains safe and unscathed...

A Falcon 9, the world’s first orbital-class reusable two-stage re-flight SpaceX rocket, will take off from Kennedy Space Centre with Nexus’s proprietary wallet hardware ISS resupply Mission-22 payload securely onboard...on Thursday 3 June 2021..."

http://www.parabolicarc.com/2021/06...ovide-clients-with-ultra-secure-transactions/

 

" 'Anonymous' threatens to expose billionaire Elon Musk as 'not everything he claims to be' as revenge for his constant manipulation of Bitcoin's value with his 'cavalier' tweets

International hacking collective Anonymous say they plan to target Elon Musk for sending the price of cryptocurrencies plunging with his tweets.

In the video, the group claim that the Tesla CEO weirds too much power over the cryptocurrency markets and they are tired with the way he appears to be so cavalier in his attitude towards them..."

https://www.dailymail.co.uk/news/ar...-claiming-power-influence-Bitcoin-prices.html

 

Cybercriminals Hold $115,000-Prize Contest to Find New Cryptocurrency Hacks

https://thehackernews.com/2021/06/cybercriminals-hold-115000-prize.html

 

Tracking ransomware cryptocurrency payments: What now for Bitcoin?

https://www.welivesecurity.com/2021/06/11/tracking-ransomware-cryptocurrency-payments/

 

World Bank Rejects El Salvador Bitcoin Request

https://www.silicon.co.uk/cloud/datacenter/world-bank-rejects-el-salvador-bitcoin-request-402995