North Korea’s Crypto Extortion Efforts Have Expanded Considerably in 2020

A group of hackers associated with the North Korean regime have kept their crypto extortion efforts alive in 2020.

A group of North Korean hackers operating under the name “Lazarus” targeted several crypto exchanges last year, according to a report published by Chainalysis.

One of the attacks involved the creation . . . → Read More: North Korea’s Crypto Extortion Efforts Have Expanded Considerably in 2020

Coinbase CEO: Exchange Won’t List XMR Due to ‘Issue With Regulators’

Brian Armstrong says Coinbase won’t be listing privacy coins like Monero (XMR) as they’re still untested grounds for regulators in the United States.

In a July 24 interview with Peter McCormack on his “What Bitcoin Did” podcast, Armstrong said he wanted to take a more conservative approach with Coinbase so the . . . → Read More: Coinbase CEO: Exchange Won’t List XMR Due to ‘Issue With Regulators’

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, ADA, XMR, CRO

The total crypto market capitalization has reached $300 billion for the first time since mid-February, which is a huge positive as it suggests increased investor interest in cryptocurrencies. The interest has largely been in smaller altcoins with Bitcoin (BTC) taking a back seat until early this morning. 

Even Ether (ETH) recently joined the . . . → Read More: Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, ADA, XMR, CRO

Regulatory Attention and Fraudsters: Bad Crypto News of the Week

It’s been a good week for Bitcoin. The dollar price is up more than 3 percent to around $9,500. That $10,000 ceiling is looking more fragile than ever. One sign that the ceiling may be about to break is the decline in Google searches for “Bitcoin.” According to Google Trends, search interest is . . . → Read More: Regulatory Attention and Fraudsters: Bad Crypto News of the Week

Watch Out for This Cryptojacking Botnet That Steals Data From Its Victims

The threat intelligence team at Cisco Systems discovered a new cryptojacking botnet named “Prometei.” This botnet both mines Monero (XMR) and steals data from the targeted system.

According to the paper sent to Cointelegraph, the botnet has been active since May. It relies on 15 executable modules to recover administrator . . . → Read More: Watch Out for This Cryptojacking Botnet That Steals Data From Its Victims

Major Argentine Telecom Falls Victim to $7.5M Monero Ransomware Attack

Telecom, Argentina’s largest telecommunications company, has fallen victim to a ransomware attack. Hackers are demanding $7.5 million in Monero (XMR) — an amount that will rise to $15 million if the company does not pay within 48 hours.

Argentina’s major telephone company, Telecom, just got hacked. Hackers requesting a ransom . . . → Read More: Major Argentine Telecom Falls Victim to $7.5M Monero Ransomware Attack

A Hacker is Attempting to Sell a Las Vegas Hotel Database for Crypto

The MGM Resort suffered a massive data breach in 2019 that left 142 million hotel guests exposed. A hacker is now selling the stolen database for roughly $2,900.

According to the information revealed by ZDNet, a dark web marketplace claims that data from 142,479,937 MGM hotel guests are on sale. Preferred . . . → Read More: A Hacker is Attempting to Sell a Las Vegas Hotel Database for Crypto

Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

Bitcoin educator Andreas Antonopoulos says he would like to see more privacy features on Bitcoin, but they’re unlikely to happen anytime soon.

In a livestream Q&A on Antonopoulos’ YouTube channel on July 7, he said Bitcoin (BTC) was unlikely to ever implement privacy features similar to those used by Monero (XMR).

. . . → Read More: Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

The US Secret Service Issues Ransomware Warning

The U.S. Secret Service issued a warning about an increase in hacks targeting managed service providers, or MSPs, of both the U.S. private sector and various government entities.

According to a document published by ZDNet on June 7, threat actors have been widely relying on ransomware attacks, point-of-sale intrusions, and business . . . → Read More: The US Secret Service Issues Ransomware Warning

Why Isn’t BCH Way More Popular on the Dark Web?

According to crypto advocate Roger Ver, Bitcoin Cash (BCH) is the only “recent” coin to be widely used on the dark web. “The only other coins being used on the darknet markets are the coins that have been around for a long time like Bitcoin, of course, then Monero,” Ver said.

Coinelegraph’s . . . → Read More: Why Isn’t BCH Way More Popular on the Dark Web?