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dr tech

Germany seizes US$60 million of bitcoin - now, where's the password? - CNA - 0 views

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    "Bitcoin is stored on software known as a digital wallet that is secured through encryption. A password is used as a decryption key to open the wallet and access the bitcoin. When a password is lost the user cannot open the wallet. The fraudster had been sentenced to more than two years in jail for covertly installing software on other computers to harness their power to "mine" or produce bitcoin. When he went behind bars, his bitcoin stash would have been worth a fraction of the current value. The price of bitcoin has surged over the past year, hitting a record high of US$42,000 in January. It was trading at US$37,577 on Friday, according to cryptocurrency and blockchain website Coindesk."
dr tech

Wristband Lets Users Unlock Bitcoin Wallets With Heartbeats | Singularity Hub - 0 views

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    "We're tempted to file this one under "the more things change, the more they stay the same." A wristband, called Nymi, that taps the user's heartbeat as a biometric marker, will also double as a bitcoin wallet."
dr tech

Microsoft warns digital currency owners to be aware of new malware - 0 views

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    "The new malware, called Anubis, seems to use code forked from Loki. It steals crypto wallet credentials, credit card details and other valuable information from these Windows users. According to MSI, it first discovered the malware in June in the cybercriminal underground. It has the same name with another potent banking Trojan that has been targeting Android smartphones for months."
dr tech

US prosecutors ponder what to do with multimillion-dollar Bitcoin hoard | Technology | ... - 0 views

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    "No one stepped forward to claim these bitcoins, which were found in electronic "wallets" used to store the digital currency. An additional 144,336 bitcoins, worth more than $128m today, were also discovered, but the government's claim on them is being disputed by Ross William Ulbricht, 29, who US authorities say was the founder and main operator of Silk Road. They had been stashed on his laptop."
dr tech

Missing: hard drive containing Bitcoins worth £4m in Newport landfill site | ... - 0 views

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    "A digital 'wallet' containing 7,500 Bitcoins that James Howells generated on his laptop is buried under four feet of rubbish"
dr tech

Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k | Technology... - 0 views

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    "Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer digital currency in April 2013 jogged his memory. Bitcoins are stored in encrypted wallets secured with a private key, something Koch had forgotten."
Buka Zakaraia

Mobile operators signal end of flat-rate data tariffs as app use grows | Technology | g... - 0 views

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    An interesting article, could affect alot of people also burn holes in your wallet.
dr tech

Can anyone become an NFT collector? I tried it to find out | Digital art | The Guardian - 0 views

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    "Once the image was in my Ethereum wallet, I didn't particularly feel like I owned it any more than the other screenshots in my Images file. But I did feel a nihilistic rush - the thrill of abstract money moving around."
dr tech

People's Expensive NFTs Keep Vanishing. This Is Why - 0 views

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    "He never got the chance to find out. A week later, he opened up his digital "wallet," where the artwork would supposedly be available, and was faced with an ominous banner reading, "This page has gone off grid. We've got a 404 error and explored deep and wide, but we can't find the page you're looking for."  The artwork, which he expected to be on the page, had disappeared entirely. "There was no history of my ever purchasing it, or ever owning it," he said. "Now there's nothing. My money's gone.""
dr tech

El Salvador's bitcoin experiment goes live - as president offers tech support | El Salv... - 0 views

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    ""There has been a high degree of improvisation in the rollout of Chivo and a great deal of opacity," says Ricardo Castaneda, a local economist. "The app asks for access to your microphone and your contacts, which are not needed for a wallet. Bitcoin might be a distraction but given the decision to push ahead with the plan despite popular opposition and the advice of experts, it could also be an important pillar of Bukele's political project.""
dr tech

How the growing Russian ransomware threat is costing companies dear | Cybercrime | The ... - 0 views

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    "The January snow lay thick on the Moscow ground, as masked officers of the FSB - Russia's fearsome security agency - prepared to smash down the doors at one of 25 addresses they would raid that day. Their target was REvil, a shadowy conclave of hackers that claimed to have stolen more than $100m (£74m) a year through "ransomware" attacks, before suddenly disappearing. As group members were led away in cuffs, FSB officers gathered crypto-wallets containing untold volumes of digital currency such as bitcoin. Others used money-counting machines to tot up dozens of stacks of hundred dollar bills."
dr tech

'Wallets and eyeballs': how eBay turned the internet into a marketplace | eBay | The Gu... - 0 views

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    "Data is sometimes compared to oil, but a better analogy might be coal. Coal was the fuel that powered the steam engine. It propelled the capitalist reorganisation of manufacturing from an artisanal to an industrial basis, from the workshop to the factory, in the 19th century. Data has played a comparable role. It has propelled the capitalist reorganisation of the internet, banishing the remnants of the research network and perfecting the profit engine."
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