Ransomware Hackers Attack Malaysian Media Company Demanding $6.3 Million in BTC
Another day, another dollar and yet another attack by hackers. This time a group of ransomware hackers have attacked a Malaysian media company by the name of Media Prima Bhd and have demanded BTC funds before they return access to the company’s hacked computer systems.
Australia Federal Science Agency & CommBank Complete Smart Money Blockchain Trial
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) of Australia in conjunction with the nation’s largest commercial bank CommBank claim that they’ve recently completed a successful trial of blockchain prototype app of which the sole purpose is to make money “smart”.
Crypto Theft at an All Time High: 2018’s Crypto Hacks Are Reported to Have Stolen Almost $1 Billion
In its quarterly Cryptocurrency Anti-Money Laundering Report, CipherTrace reported that almost $1 billion has been stolen or crypto hacked so far this year. CipherTrace, which was founded in 2015 by David Jevans, develops cryptocurrency Anti-Money Laundering, bitcoin forensics, and blockchain threat intelligence solutions. CipherTrace and its quarterly reports have become an authoritative data source which the industry continues to rely on.
Bitfury Ends Mining Funding Round at 80 Million
More mining news today as Bitfury Group, a cryptocurrency mining technology firm has just closed off a round of funding led by venture capital firm Korelya Capital at a whopping $80 million. Mike Novogratz’s Galaxy Digital, Macquarie Capital, Dentsu Inc, Armat Group and other investors also participated in the private placement according to a press release published by Bitfury. Playing as advisory to Bitfury during the funding process was Bryan, Garnier & Co, an investment bank
Watch out crypto investors! The institutions are coming!
Just what does the term “institutional crypto” even mean? It sure sounds oxymoronic, doesn’t it? It’s quite ironic that traditional financial institutions are moving towards adopting a relatively young technology which was initially designed to rid the world of them.
Bitcoin Mining 101
Most people who here the term “mining” for the first time picture crypto coins being dug up in some cyberspace underground mine. Of course, this is silly, as we all know that Bitcoin is n’t physical. So why call it mining? What does the word mean in the context of this non-physical crypto world?