Duncan Riley
Latest from Duncan Riley
Five men arrested in Romania for distributing CTB-Locker and Cerber ransomware
Five men accused of distributing CTB-Locker and Cerber ransomware have been arrested by authorities in Romania. The arrests, made by Romania’s Directorate for Investigating Organized Crime and Terrorism, were undertaken based on intelligence provided by Europol, the Federal Bureau of Investigation, the U.S. Secret Service and Dutch National Police. Authorities have seized a number of laptops, hard ...
Coinbase launches probe into potential Bitcoin Cash insider trading
Coinbase Inc. has launched a probe into possible insider trading that led the price of Bitcoin Cash to surge in the hours leading up to its official announcement of support for the cryptocurrency. In a Medium post Tuesday, Coinbase Chief Executive Officer Brian Armstrong said that the exchange was specifically looking at whether employees or contractors profited from the Bitcoin Cash ...
Bitcoin Cash price surges as Coinbase adds support
The price of bitcoin alternative Bitcoin Cash surged in trading Tuesday as cryptocurrency marketplace Coinbase Inc. added support for the new currency for the first time. Bitcoin Cash, a “forked” version of bitcoin, debuted at the beginning of August, when existing bitcoin holders were issued the same amount of Bitcoin Cash as they owned in ...
Insidious new cryptocurrency mining malware can physically damage a victim’s phone
An insidious new form of Android malware detected in the wild deploys a cryptocurrency miner that can actually cause physical damage to phones, according to a newly published report. Dubbed “Loapi” by security researchers at Kaspersky Lab, the trojan malware is spread via porn sites and fake malware apps. So far, it’s believed to have ...
After a hack, South Korean bitcoin exchange Youbit files for bankruptcy
South Korean bitcoin exchange Youbit has ceased trading and announced it will file for bankruptcy after it was hacked for the second time this year. The new hack occurred in the early morning of Dec. 19 local time and resulted in the loss of about 17 percent of total assets held by the exchange in ...
Overstock.com launches initial coin offering for blockchain trading platform
Riding a boom in initial coin offerings, online retailer Overstock.com Inc. today launched its own. The “tZERO Security Token Sale,” slated to raise $250 million, is being pitched as a way for Overstock.com to develop a platform that “integrates cryptographically secure distributed ledgers with existing market processes to reduce settlement time and costs, increase transparency, efficiency and ...
Data on 123M US households exposed in latest misconfigured AWS cloud storage case
Data on 123 million U.S. household has been found unsecured and open to the public in the latest and possibly biggest case to date of a company failing to secure data on an Amazon Web Services Inc. storage “bucket.” Like those before, the discovery was made by UpGuard Inc. security researcher Chris Vickery, who wrote in a ...
Analyst predicts $400,000 price as one actual expert labels bitcoin ‘as good as useless’
In a day that has become typical of the contrast around bitcoin news, one analyst is predicting that the price of bitcoin will rise to as much $400,000, while an actual bitcoin expert has sold his holdings, saying that the cryptocurrency is now “as good as useless.” Starting on the positive side of the blockchain ...
Kaspersky sues US government over ‘unconstitutional’ ban
Kaspersky Labs is fighting back against a ban by the U.S. federal government earlier this year by suing the Department of Homeland Security, calling the action unconstitutional. In September, the DHS said all government agencies should cease using Kaspersky products “based on the information security risks presented by the use of Kaspersky products on federal ...
Fintech company’s stock surges 2,400% after it acquires blockchain firm
In the latest sign of bitcoin mania, a small New York City-based financial services company saw its stock price leap a staggering 2,400 percent just a few days after it acquired a blockchain company. The company, Longfin Corp., which claims to provide “finance and FX Hedging solutions to importers/ exporters/ SME’s across the globe powered ...