Why Bitcoin As A Ransom

By Tony Diuto

      Lately, the global interest in bitcoins has grown. So, it becomes extremely important to understand the basics of bitcoin and other virtual currencies. Bitcoin, and its alternatives are all based on cryptographic algorithms which are encrypted. This makes the currency decentralized giving ownership to the user.       These can be purchased through an online exchange or…

Weekly On Crypto And Cyber Crimes: Cyber Crime Must Not Race Ahead.

By Tony Diuto

Recently, the rate of cyber crimes is rapidly increasing. Day in day out,headlines about the latest cybercrime dominate the news agenda. Criminals continue to target high profile organizations and individuals at the scale and show no signs of slowing down. Ranging from personal data consuming theft, to financial information leakage, to copyright materials these attacks…

Hacker Moves $6 million Stolen Funds From Binance.

By Tony Diuto

Binance hackers are moving once more, part the stolen assets. Confirm, affirmed the move of assets from the binance hacker address. From Coinfirm’s report, the hackers moved 1,060.64474480 BTC or $6,148,122.40 in various events lessening its number in various events. On June 12, 2019, the hacker moved over $6 million from this bitcoin wallet, bc1q2rdpyt…..,…

Coinroom Crypto Exchange Ceases Operation And Disappears With Customer Funds.

By Tony Diuto

Polish cryptocurrency exchange Coinroom shuts down operations, and disappears with customer funds, reports money.pl on May 31. Some customers had reported loss of funds due to the disappearance of the exchange. Money.pl received an email from one of its subscribers. The subscriber reports that Coinroom had suddenly ceased operations and disappeared w it there customer…

Weekly On Diutocoinnews : Crypto and Tech Crimes In Nigeria.

By Tony Diuto

Welcome To The First Edition Of Crypto and Tech Crimes Weekly. The negative impacts of technology and cryptocurrency and how to stay safe. The information age is the one of the most significant era human history. Individuals engage in different online activities either to learn, connect or for security reasons. These days one doesn’t have…

Etherparty Founders Account Freezed By Canadian Court.

By Tony Diuto

Canadian police confiscates assets owned by the founders of blockchain services company Vanbex —as a result of a fraud investigation patterning to the 2017 initial coin offering (ICO) that raised $22 million. From court documents issued against Vanbex. The founders of Vanbex and Etherparty, Kevin Hobbs and Lisa Cheng raised $30 million CAD (about $22…

18 Year Old Japanese Hacker Arrested For $134,000 Theft.

By Tony Diuto

An 18 years old Japanese boy was arrested yesterday by Japan Police for allegedly stealing cryptocurrency monacoin worth $134,000 reports Japan times. The boy is from the city of Utsunomiya, Tochigi Prefecture. Name undisclosed because he is a minor. The culprit allegedly stole the coins after hacking Monappy between 14th August and 1st September 2018.…