cryptocurrency

Your Money Or Your Data

Ransomware viruses have been striking hospitals  and schools at an epidemic level BY Seung Lee The first wave of emotions, victims say, is a combination of panic and powerlessness. They click and reclick on files on their desktops—agendas for the Christian camp, payroll data for hundreds of teachers or medical information for veterans—to no avail.

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Australian Craig Wright Tells BBC He Is Bitcoin Creator

By Byron Kaye SYDNEY, May 2 – Australian tech entrepreneur Craig Wright has told the BBC he was the creator of controversial digital currency bitcoin after years of speculation about a person who until now has gone by the name of Satoshi Nakamoto. The BBC reported on Monday that Wright gave some technical proof demonstrating

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Britain Looking at Blockchain for Tracking Taxpayer Money, Payments

By Jemima Kelly LONDON, April 26 – The British government is exploring using the blockchain technology that underpins the bitcoin currency to increase efficiency in the distribution of taypayers’ money such as grants, a minister said on Tuesday. A blockchain works as a decentralised ledger that is verified and shared by a network of computers,

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Bitcoin or Broke

Is bitcoin a revolutionary technology or a passing fad for the Middle East? BY Arfa Shahid Despite speed, cost-efficiency and a simplified process, bitcoin, as a cryptocurrency, some argue, has failed to dominate the global financial system. Others, however,  continue to root for it as a future currency. Bitcoin was developed in 2008 by Satoshi

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Cyber-Attacks: Better Safe Than Sorry

Finding an effective weapon to thwart cyber-attacks BY Aji Joseph A few months ago, when cybercrime and extortion organization DD4BC, which stands for ‘DDoS for bitcoin,’ hacked into some of the U.K.’s leading banks and demanded ransom in bitcoins to avoid a total takedown of the system, it was just one in a long list of rising

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Eleven Big Banks Test Blockchain-Based Trading System

By Jemima Kelly LONDON, Jan 20 – Eleven major banks, including Barclays, UBS and HSBC, said on Wednesday they had tested a system that could make trading much faster and cheaper, using the technology that underpins crypto-currency bitcoin. The banks are part of a consortium of 42 major lenders, brought together last year by New

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Dutch Arrest 10 Men Suspected of Using Bitcoin to Launder Money

AMSTERDAM, Jan 20 – Ten men suspected of using the digital currency Bitcoin to launder up to 20 million euros of criminal money made from online drug deals have been arrested in the Netherlands, Dutch prosecutors said on Wednesday. The men, described as all in their 20s and with Dutch nationality, were arrested on Tuesday

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