From Hard Fork | The Next Web

  • Marshall Islands forges ahead with national cryptocurrency

    The Republic of Marshall Islands (RMI) president Hilda Heine has survived a vote of no confidence by just one vote, meaning her proposed national cryptocurrency is still on the cards. Heine’s opponents were unable to find the majority required to oust Heine over persistent plans to alleviate the nation’s reliance on the US dollar with a national cryptocurrency called “the Sovereign,” Nikkei Asian Review reports. RMI’s parliament ended split evenly over whether to remove Heine from her...


  • Here’s how blockchains could be ruined by personal data

    Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. You might not have heard of “privacy poisoning” but it is stated to become a big problem for public blockchains (a.k.a permissionless blockchains) in coming years. This article will explain what you need to know about privacy poisoning. To understand why it’s as scary as it sounds, we’ll need to start with some background. It starts with GDPR Unless...


  • 5 recent tactics criminals use to steal your Bitcoin (and other cryptocurrency)

    While the cryptocurrency mania that drove Bitcoin’s price to $20,000 may have eased, the threat posed by the most experienced cybercriminals hasn’t disappeared. In fact, prominent information security firm Kaspersky Labs has detailed how some of the internet’s most well-known cyberthreats have evolved to better target cryptocurrency users and services. Kaspersky’s researchers identified these five major threats to cryptocurrencers over the past three months, as many are still learning to...


  • US and Israeli politicians hacked to promote ‘Elon Musk’ cryptocurrency scams

    It appears scammers have hijacked yet another batch of verified Twitter accounts to promote fake cryptocurrency giveaway links (often under the disguise of Elon Musk). A verified account belonging to the Australian branch of consulting giant Capgemini has been spotted running malicious giveaway links on Twitter. Posing as Musk, the malicious tweet encouraged users to send small amounts of cryptocurrency for a chance to participate in a 10,000 Bitcoin (nearly over $60 million) giveaway. Prior to...


  • Moonday Mornings: AT&T and T-Mobile sued by victims of sim-swap cryptocurrency thefts

    With the nights drawing in, we’re officially in hibernation mode now, so we spent most of the weekend in bed hiding from the wind and rain. But it was all in vain, and now it’s Moonday again. Here’s this weekend’s round-up of top cryptocurrency and blockchain news you need to know about: 1. Another American state is coming down hard on cryptocurrency baddies. The state of Colorado has taken action against four ICOs that were pushing unregistered securities. Ordered with a cease-and-desist the...


  • South Korean cryptocurrency startup reportedly pulls a $2.7M exit scam

    2018 will certainly go down as the year of the exit scam as yet another initial coin offering (ICO) has disappeared out of thin air – along with millions worth of investors’ cryptocurrency. Blockchain company Pure Bit has seemingly walked off with $2.7 million worth of investors’ money after raising 13,000 Ethereum in an ICO. Transaction history shows that hours after moving all raised funds out of its wallet, the company proceeded to take down its website. It now returns a blank page. Victims...


  • The Bahamas is issuing cryptocurrency regulations to fight fraudulent ICOs

    Regulators from all over the world have been waking up to cryptocurrency regulation this year and it seems the Bahamas are the latest to open their eyes. The Central Bank of the Bahamas (CBOB) has published a regulatory framework in preparations to integrate cryptocurrency-based assets into its financial services industry, according to the Nassau Guardian. The framework seeks to address many of the regulatory challenges the CBOC currently associates with the use of cryptocurrencies such as tax...


  • EOS devs warn of yet another fake cryptocurrency wallet on Google Play

    Another day, another fake cryptocurrency app on Google Play. A group of Brazilian EOS developers, called EOS RIO, has warned users someone is trying to spread a fake version of its cryptocurrency wallet app on Google Play. While the app poses as the real thing (and claims to have been developed by “EOSRIO”), EOS RIO has issued a statement to clarify that its official app is yet to make its way to the Play store. EOS RIO claims to have taken the appropriate steps to have the app removed from the...


  • Swedish man sentenced to 7 years in jail after mailing a pipe bomb to Bitcoin exchange

    A Swedish man has been convicted of attempted murder after sending numerous threatening letters to local politicians – and mailing a bomb-like device to a Bitcoin company in London. The Stockholm District Court has sentenced 43-year Michael Salonen to seven years in prison, AP reports. Back in August 2017, Salonen purportedly mailed a pipe bomb device to a London-based cryptocurrency broker. The hazardous package was sent through an accounting firm where it was opened, but fortunately didn’t...


  • Thailand tightens its grip on ICO regulation

    Thai regulators have been tough on cryptocurrency and blockchain this year, and if they pull off their latest plan it will further tighten their grip on the industry. The Thai Securities and Exchange Commission (SEC) are preparing to launch its first regulated initial coin offering (ICO) portal later this month, according to the Bangkok Post. It appears that ICOs will be vetted on a case-by-case basis and will be added to the portal shortly after its launch, although there is no mention of a set...


  • eToro rolls out its cryptocurrency wallet for Android and iOS

    Social trading platform eToro has finally begun rolling out its cryptocurrency wallet to Android and iOS users. The wallet, which promises an intuitive customer interface and enhanced security, is now available on Google Play and Apple’s App Store. At launch, the app will support only Bitcoin, Bitcoin Cash, Ethereum, and Litecoin; however, eToro plans to add support for more cryptocurrencies in the near future. There is a little catch though: to ensure a smooth customer experience, eToro is...


  • Switzerland: Trojan horses are evolving to target cryptocurrency exchanges

    A computer virus that mines the anonymous cryptocurrency Monero has been ranked as the sixth most significant malware to hit Switzerland in the first half of this year. Swiss researchers also discovered that cybersecurity threats once focused on breaking into online banking services have pivoted to more efficiently attack cryptocurrency exchanges. These revelations come by way of a new paper released by Switzerland’s Reporting and Analysis Centre for Information Assurance (MELANI), a government...