Here are 11 reasons why criminals are increasingly trying to steal cryptocurrencies rather than data and classic, fiat currencies.
Malware is a catch-all term for any type of malicious software designed to harm or exploit any programmable device or network. Cybercriminals typically use it to extract data that they can leverage over victims for financial gain. That data can range fro
"Bitcoin and other cryptocurrencies have risen dramatically in popularity and value over the past few years," said John Sedunov, an assistant professor of finance at Villanova University. "This fast run-up may have caught some exchanges off-guard, and they may not have had the capital on hand...
these characteristics of the victims made them vulnerable to exploitation by criminals, which ultimately facilitated the successful implementation of the pig butchering scam in the interactions between perpetrators and victims. These characteristics not only serve as indicators for perpetrators to identify ...
in the life of the project. No Bitcoins were ever dropped out of the air or “pre-mined” to the founders or any insiders for their benefit. Even Satoshi Nakamoto himself had to use electricity and his own CPU to mine the first Bitcoins. Anyone who knew about Bitcoin could do the ...
The seedier side of bitcoin Want to make money mining bitcoins? Criminals have you beat Read now This is where my Spidey sense started to tingle. First, there was a waiting list for the machines. I wanted to do this project right then, not wait six months to do it. I'm li...
Because this offering is so extensive and affordable, the Dark Web is the ideal breeding ground for criminals. Even more of a threat, hackers looking to make a lot of money and profit off people and companies around the world have found a way to do it — fast and at scale. ...
Bitcoin Gold's Key Weakness But Bitcoin Gold is not without flaws. Because it is a smaller blockchain using a form of PoW mechanism, it is far more susceptible to51% attacks. A 51% attack involves a cybercriminal or group of cybercriminals controlling over 50% of the computing power of ...
Among other things, Bitcoin may enable the citizens of a country to undermine government authority by circumventing capital controls imposed by it. It also facilitates nefarious activities by helping criminals evade detection. Finally, by removing intermediaries, Bitcoin can potentially throw a wrench in...
Because Bitcoin and other cryptocurrencies are not attached to any state, they appeal to investors who are wary of North Korea’s intentions. South Korea Crypto Trading Regulations In March 2020, the South Korean National Assembly passed new legislation that paved the way for the regulation and le...