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It may sound boring, but careful and sensible budgeting is crucial to every growing company. Not only does successful budgeting save time and energy, but it also allows you a more thorough understanding of what about your offering and process works and what doesn’t. Yet, many aspiring founders make simple budgeting mistakes which hinder their chances at success. If there’s one thing I’ve learned over my time building and growing my own company, it’s that these mistakes must be avoided. And the good news is, avoiding some of them may be easier than you think. Here are the four most…
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An Australian government employee is appearing in court today after using work equipment to mine cryptocurrency for his own gain. The Australian Federal Police (AFP) allege that the 33 year-old from Killara in New South Wales took advantage of his position as an IT contractor to modify government computer systems to mine cryptocurrency. The man’s illicit mining operation is said to have earned him more than AU$9,000 ($6,000), according to an AFP announcement. The unnamed man is facing two charges: unauthorized modification of data to cause impairment, and unauthorized modification of restricted data. These charges carry maximum penalties of 10…
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Nobody is immune to SIM-swapping attacks – and one engineering lead at a cryptocurrency security startup had to learn this lesson the hard way. In a blog post, Sean Coonce, engineering manager at security-oriented cryptocurrency startup BitGo, has detailed how he lost $100,000 in an unfortunate SIM-swapping hack, which saw his entire Coinbase balance drained. It all began on a Tuesday night, when Coonce noticed that his phone didn’t have any cellular service. Moments later, he received a notification that someone is trying to log into his Google Account. He tried entering his password to no avail; ultimately, he decided…
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The US Securities and Exchange Commission (SEC) is still not keen on approving Bitcoin exchange-traded funds (ETF). In a document published on May 20, the watchdog revealed it has delayed making a decision on an ETF proposal put forth by the VanEck SolidX Bitcoin Trust. Instead, the SEC “is instituting proceedings” to determine whether it should approve the filing. For the record, such institution of proceedings does not “indicate” the commission has “reached any conclusions.” Rather, it’s simply a call for more input from interested parties. “Interested persons are invited to submit written data, views, and arguments regarding whether the proposal…
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