Google Pulls Popular Chrome Extension For Mining Virtual Currency

As virtual currencies become popular and their values surge, this is increasingly becoming a problem. Websites and extensions are secretly adding code that hijack’s users’ CPU resources to mine virtual currency. In most cases, they’re doing that without informing the user. That’s what popular Chrome extension Archive Poster started doing recently. It was later discovered that the extension is now secretly mining the Monero virtual currency. The extension has subsequently […]


Japanese Company Starts Paying Employees In Bitcoin

Bitcoin is all the rage these days. The cryptocurrency’s value has surged significantly over the past couple of weeks and it shows no signs of slowing down. People have even started asking for bitcoin in exchange for their apartments now so it’s not surprising to see that a company in Japan has started paying its employees in bitcoin.


Armed Robbers Steal $1.8 Million In Virtual Currency

Virtual currency is just as susceptible to being stolen as any stacks of dollar bills that you might have hidden under your bed. Thieves can make off with your digital wallet and if they have the necessary information, they can transfer the virtual funds in their own digital wallet. That’s exactly what Louis Meza and an accomplice did to their victim. They stole $1.8 million worth of ethereum virtual currency […]


This Miami Condo Can Only Be Bought With Bitcoin

Bitcoin is now accepted a whole lot more than it was just a few years ago. There has been a lot of hype surrounding the virtual currency lately, particularly since the price of Bitcoin has been shooting up like crazy over the past few weeks. There’s no other way to describe it. While some say that this is a bubble, others continue to throw their weight behind Bitcoin. Take the […]


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Coinbase Ordered To Identify 14,355 Users To The IRS

Popular digital currency broker Coinbase has suffered a major defeat to the Internal Revenue Service. A federal court in California has ordered Coinbase to reveal identifying information about 14,355 users who sold, sent, bought, or received more than $20,000 through their accounts in a single year between 2013 and 2015. It fought the case for almost an entire year before losing out to the IRS. Coinbase estimates that 14,355 of […]


No One Knows Who Stole $30 Million In Virtual Currency

Virtual currency might be the future of finance but it presents its own set of challenges, not to mention that there are significant security risks still that highlight just how risky things can get. Earlier this month we heard about a bug freezing $280 million in virtual currency. If you thought that was bad, wait till you hear about the $30 million in virtual currency that was stolen recently.


A Code Bug Froze $280 Million In Virtual Currency

There has been a boom in digital currency this year with old players like Bitcoin surging to unimaginable heights and new entrants joining the field as well. If any of you follow digital currency then you would be aware that there was an issue with the Ethereum virtual currency yesterday. The issue was caused by an unpatched bug in the code that froze over $280 million in the virtual currency.


Auroracoin Virtual Currency Launched In Iceland

Iceland is not exactly a model country for a booming economy, but you can more or less say that it has gotten a wee bit richer on Tuesday, in terms of its cyberspace presence, thanks to the launch of a virtual currency known as Auroracoin. It is hoped that this virtual currency might eventually replace the crown by circumventing the island’s capital controls, although it will be a long, rocky […]