Why Bitcoin As A Ransom

By Diutocoinnews

      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 Esther Elom

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 Ogbuowelu Uchechukwu

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…..,…

Cryptocurrency Exchange Bithumb Got Hacked.

By Diutocoinnews

Bithumb one of the top cryptocurrency exchanges in Korea reportedly gets hacked according to a report from Bithumb. An usual withdrawal activity was detected by Bithumb at exactly 10:15pm on March 29 2019. During which an EOS account name—ifguz3chmamg had withdrawn over 3 million EOS. According to a tweet by crypto users— Davey Wan. As…

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

By Diutocoinnews

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.…

Former Mt.Gox CEO Karpeles Found Guilty Of Tampering With Records.

By Diutocoinnews

Karpeles the former CEO of Mt.Gox Exchange was found guilty of manipulating the financial records of the Mt. Gox exchange. But served with a suspended jail term reports Bloomberg. Tokyo District Court notes that Karpeles was found guilty of tampering with the company financial records alongside his own personal affairs. However he was released on…

Ethereum Classic Blockchain Experiences 51% Hack Attack. Up To £400,000 Hijacked

By Diutocoinnews

Unknown hackers may have successfully hijacked the Ethereum Classic blockchain through a rare so-called “51% attack“. Cryptocurrency exchanges including Coinbase have frozen trading of the token amid fears that the exceptionally rare blockchain attack has been executed. According to Coinbase, the reorganisation of the blockchain has led to the attacker taking control of tokens worth…