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Blockchain startup agrees to $23M settlement over allegedly fraudulent tokens

Aug30
by on August 30, 2019 at 3:09 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


The US’ top financial watchdog has settled with Dallas-based blockchain startup Bitqyck Inc. over allegations it fraudulently sold shares of company stock to more than 13,000 buyers of its Bitqy cryptographic token. In a statement released yesterday, the US Securities Exchange Commission (SEC) also alleged the firm and its founders Bruce Bise and Sam Mendez fraudulently promised investors interest in a cryptocurrency mining facility through sales of a secondary token, BitqyM, and its related blockchain-powered smart contract. That facility was supposed to be powered by below-market rate electricity. As it turns out, there was no such deal, and no such facility…

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Silly scammers attempt Bitcoin ATM fraud with homemade ‘out-of-order’ signs

Aug30
by on August 30, 2019 at 1:24 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


There are now 5,000 cryptocurrency ATMs all over the world, and of course, they’re proving to throw up a whole raft of opportunities for scammers to make a quick buck. And with recent news from Canada, I think we’ve seen the dumbest con yet. Police in Winnipeg have issued a warning to locals after con-artists started targeting users of the city’s Bitcoin ATMs with the worst con ever, Canadian outlet City News reports. According to the report, scammers have been putting homemade out-of-order signs on the Bitcoin ATMs stating that they are currently undergoing software updates. The sign asks users…

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Ransomware gang breach data backup software used by hundreds of US dental offices

Aug30
by on August 30, 2019 at 12:28 pm
Posted In: Around the Web


Hundreds of dental offices across the US have been crippled by a ransomware attack targeting a remote data backup service offered by a third-party. PerCSoft and Digital Dental Record (DDR) — the two Wisconsin-based software companies — provide a solution called DDS Safe that delivers triple-layer protection by backing up sensitive medical records to the cloud, an offline workstation, and an in-office hard disk drive. The irony here is that the attackers managed to breach this very infrastructure over the last weekend to deploy REvil (aka Sodinokibi) ransomware package on compromised devices. Interestingly, the strain is also responsible for the recent wave of infections…

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Bitcoin’s Lightning Network has security vulnerabilities that could cause loss of funds

Aug30
by on August 30, 2019 at 11:47 am
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Security vulnerabilities have been discovered in “various” Bitcoin Lightning Network projects that have potential to cause users to lose their cryptocurrency. Those running Lightning Network nodes have been advised to upgrade their clients as soon as possible, including those related to popular wallet solution Eclair. At present, exact information is scarce, but the original post shared via a Lightning Network mailing list promises release of “full details” in four weeks. This method of disclosure is not without precedent. Privacy-focused altcoin Monero has repeatedly released details of dangerous security vulnerabilities in a similarly staggered fashion. The general idea is give the network enough…

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CHEAP: Fat burning festival commence! Get the Xiaomi AMAZEFIT watch for $63

Aug30
by on August 30, 2019 at 11:43 am
Posted In: Around the Web, Plugged


Welcome to CHEAP, our series about things that are good, but most of all, cheap. CHEAP! I used to often avoid any activity because of lack of motivation. However, smartwatches helped me gamify that process, and now I genuinely look forward to completing my daily step goal. Apple Watch (which has $50 off on Amazon right now) is pretty much the best smartwatch you can get. But, if you’re using an Android phone or don’t want to spend too much when you’re trying to start your fitness journey, you have few options. Thankfully, Xiaomi’s AMAZEFIT smartwatch is on sale for…

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