LoopX Startup Pulls ICO Exit Scam and Disappears with $4.5 Million

A cryptocurrency startup named LoopX has pulled an exit scam after collecting around $4.5 million from users during an ICO (Initial Coin Offering) held for the past weeks. The LoopX team disappeared out of the blue at the start of the week when it took down its website and deleted its Facebook, Telegram, and YouTube Read more about LoopX Startup Pulls ICO Exit Scam and Disappears with $4.5 Million[…]

At least 4200 popular and large websites hijacked by hidden crypto-mining code after popular plugin pwned

Thousands of websites around the world – from the UK’s NHS and ICO to the US government’s court system – were today secretly mining crypto-coins on netizens’ web browsers for miscreants unknown. The affected sites all use a fairly popular plugin called Browsealoud, made by Brit biz Texthelp, which reads out webpages for blind or Read more about At least 4200 popular and large websites hijacked by hidden crypto-mining code after popular plugin pwned[…]

The gender pay gap at Uber is small and has a reason

Specifically, the study stated, drivers who make runs for Uber more frequently are more likely to know where and when to operate in order to get the highest-paying fares. Thus, because women, on average, spend less time driving for Uber than their male counterparts, they are less likely to be around to grab the highest-paying Read more about The gender pay gap at Uber is small and has a reason[…]

Japanese cryptocurrency exchange loses more than $500 million to hackers

Coincheck said that around 523 million of the exchange’s NEM coins were sent to another account around 3 a.m. local time (1 p.m. ET Thursday), according to a Google translation of a Japanese transcript of the Friday press conference from Logmi. The exchange has about 6 percent of yen-bitcoin trading, ranking fourth by market share Read more about Japanese cryptocurrency exchange loses more than $500 million to hackers[…]

Hackers Hijacking CPUs to Mine Cryptocurrency Have Now Invaded YouTube Ads

As Ars Technica first reported on Friday, users on social media started complaining earlier this week that YouTube ads were triggering their anti-virus software. Specifically, the software was recognizing a script from a service called CoinHive. The script was originally released as a sort of altruistic idea that would allow sites to make a little Read more about Hackers Hijacking CPUs to Mine Cryptocurrency Have Now Invaded YouTube Ads[…]

Security Breaches Don’t Affect Stock Price. Or don’t they?

Abstract: This report assesses the impact disclosure of data breaches has on the total returns and volatility of the affected companies’ stock, with a focus on the results relative to the performance of the firms’ peer industries, as represented through selected indices rather than the market as a whole. Financial performance is considered over a Read more about Security Breaches Don’t Affect Stock Price. Or don’t they?[…]

Crypto-cash exchange BitConnect pulls plug amid Bitcoin bloodbath

Amid a cryptocurrency price correction that has seen the price of Bitcoin drop by half from its mid-December peak, UK-based cyber-cash lending and exchange biz BitConnect said it is shutting down. The firm, dogged by accusations that it is a Ponzi scheme, cited bad press, regulatory orders, and cyber attacks for its market exit this Read more about Crypto-cash exchange BitConnect pulls plug amid Bitcoin bloodbath[…]

Wall Street Analysts Are Embarrassingly Bad At Predicting The Future, Study Finds

The researchers looked at a database of long-term growth forecasts made for all domestic companies listed on a major stock exchange. The forecasts are made in December each year, and predict how well a company’s stocks will do over the next three to five years. From 1981 to 2016, they found that the top 10 Read more about Wall Street Analysts Are Embarrassingly Bad At Predicting The Future, Study Finds[…]

Major Cryptocurrency Index Excludes Korean Prices Without Warning, creates apparent drop in prices

CoinMarketCap, arguably the most prominent global index of cryptocurrency prices, triggered a wave of anxiety and anger this morning when it removed a group of Korean cryptocurency exchanges from its price calculations.Though the change was apparently made at midnight Sunday U.S. EST, CoinMarketCap did not publicize it until midday on Monday, saying that the Korean Read more about Major Cryptocurrency Index Excludes Korean Prices Without Warning, creates apparent drop in prices[…]

Chrome Extension with 100,000 Users Caught Pushing Cryptocurrency Miner

A Chrome extension with over 105,000 users has been deploying an in-browser cryptocurrency miner to unsuspecting users for the past few weeks.The extension does not ask for user permission before hijacking their CPUs to mine Monero all the time the Chrome browser is open.Named “Archive Poster,” the extension is advertised as a mod for Tumblr Read more about Chrome Extension with 100,000 Users Caught Pushing Cryptocurrency Miner[…]

Coinbase Freezes Bitcoin Cash Trades, Launches Insider Trading Probe

Coinbase, one of the world’s most popular cryptocurrency apps, surprised its users by adding Bitcoin Cash to its offerings on Tuesday. But it appears that not everyone trading in the altcoin was blindsided by the move. Before the announcement, prices for Bitcoin Cash began climbing in other markets, and now a self-investigation of possible insider Read more about Coinbase Freezes Bitcoin Cash Trades, Launches Insider Trading Probe[…]

Bitcoin exchange Youbit shuts after second hack attack – BBC News

A crypto-currency exchange in South Korea is shutting down after it was hacked for the second time in less than eight months. Youbit, which lets people buy and sell bitcoins and other virtual currencies, has filed for bankruptcy after losing 17% of its assets in the cyber-attack. It did not disclose how much the assets Read more about Bitcoin exchange Youbit shuts after second hack attack – BBC News[…]

‘Grinch bots’ are stealing Christmas

“Bots come in and buy up all the toys and then charge ludicrous prices​ a​midst the holiday shopping bustle​,” the New York Democrat said on Sunday. “​Cyber bots ​— ​we call them ‘Grinch bots’ — ​are expanding their reach and​ ​unfairly scooping up the hottest toys your parents can’t even click buy.​”​​For example, Schumer said, Read more about ‘Grinch bots’ are stealing Christmas[…]

An Ethereum Startup (Confido) Just Vanished After People Invested $374K

Confido is a startup that pitched itself as a blockchain-based app for making payments and tracking shipments. It sold digital tokens to investors over the Ethereum blockchain in an ICO that ran from November 6 to 8. During the token sale, Confido sold people bespoke digital tokens that represent their investment in exchange for ether, Read more about An Ethereum Startup (Confido) Just Vanished After People Invested $374K[…]

Ex-agent in Silk Road probe gets more prison time for bitcoin theft

Shaun Bridges, 35, was sentenced by U.S. District Court Judge Richard Seeborg in San Francisco after pleading guilty in August to money laundering in the second criminal case to be brought against the former agent, prosecutors said.Bridges, who served in the Secret Service’s Baltimore field office, was sentenced in 2015 to 71 months in prison Read more about Ex-agent in Silk Road probe gets more prison time for bitcoin theft[…]

~$300m of Etherium accidentally lost forever by Parity due to bug

More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of and then lock up the funds, according to reports.Unlike most cryptocurrency hacks, however, the money wasn’t deliberately taken: it was effectively destroyed by accident. […] On Tuesday Read more about ~$300m of Etherium accidentally lost forever by Parity due to bug[…]

Bitcoin Pioneer Says New Coin to Work on Many Blockchains

The mobility means that if one blockchain dies out as the result of infighting among developers or slackened use, metronome owners can move their holdings elsewhere. That should help the coins retain value, and ensure their longevity, Garzik, co-founder of startup Bloq that created metronome, said in a phone interview. It will be unveiled Tuesday Read more about Bitcoin Pioneer Says New Coin to Work on Many Blockchains[…]

AMD sales soar, actually makes a profit, beats expectations, share price… decimated

Personal TechAMD sales soar, actually makes a profit, beats expectations, share price… decimatedIntel’s antitrust shield even loses when it winsBy Shaun Nichols in San Francisco 25 Oct 2017 at 00:0816 Reg comments SHARE ▼guitar player on shuttertsock photo of (sisyphus) man rolling a rock up a hill. photo by SHutterstock/PHOTOCREO Michal BednarekAMD revenues were up, Read more about AMD sales soar, actually makes a profit, beats expectations, share price… decimated[…]

This Company Added the Word ‘Blockchain’ to Its Name and Saw Its Shares Surge 394%

n-line Plc jumped as much as 394 percent on Friday after announcing plans to change its name to On-line Blockchain Plc, following an initial climb of 19 percent on Thursday when it first announced the news. It’s the biggest one-day gain for the small-cap company since its December 1996 listing. The trading volume that reached Read more about This Company Added the Word ‘Blockchain’ to Its Name and Saw Its Shares Surge 394%[…]

Amazon was tricked by a fake law firm into removing a hot product, costing this seller $200,000

Shortly before Amazon Prime Day in July, the owner of the Brushes4Less store on Amazon’s marketplace received a suspension notice for his best-selling product, a toothbrush head replacement. The email that landed in his inbox said the product was being delisted from the site because of an intellectual property violation. In order to resolve the Read more about Amazon was tricked by a fake law firm into removing a hot product, costing this seller $200,000[…]