Crypto Currency

Bitcoin rollercoaster continues as price dives below $10,000

Just a week ago, as the price of one bitcoin surpassed $10,000 for the first time in more than a year, it appeared that the rise of the most popular cryptocurrency is unstoppable.  Each day, Bitcoin hit new highs, almost touching $14,000 on June 27 — and then the growth abruptly stopped and the price…


Just a week ago, as the price of one bitcoin surpassed $10,000 for the first time in more than a year, it appeared that the rise of the most popular cryptocurrency is unstoppable. 

Each day, Bitcoin hit new highs, almost touching $14,000 on June 27 — and then the growth abruptly stopped and the price started going the other direction. Five days later, and one bitcoin dropped to $9,835, having fallen more than 10 percent in the last 24 hours according to CoinMarketCap. (During the couple of hours needed to write this text, the price recovered to $10,225.)

The prices of other popular cryptocurrencies followed suit. Ethereum is down to $282, a 4.5 percent decline in 24 hours, and XRP is down to $0.395, a 3.4 percent decline in that same period. 

So what has changed in the last week? Frankly, not that much. 

The consensus amongst prominent cryptocurrency investors and traders appears to be that Bitcoin has simply risen too high, too fast. Investor Mike Novogratz, for example, called the recent pump a “frenzy,” and said he’d sold some of his Bitcoin last Wednesday, and that he wished he’d sold more. Days before the crash, trader Alex Krüger said prices will pull back “eventually.” Crypto researcher Jameson Lopp warned abo

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Crypto Currency

Prince Harry Deserves Praise for Calling Out Social Media Hate

Prince Harry wants to change social media for the better.In a 1400-word op-ed for Fast Company, the Duke of Sussex argued that social media is dividing the world, but together, we ca…

  • Prince Harry wants to change social media for the better.
  • In a 1400-word op-ed for Fast Company, the Duke of Sussex argued that social media is dividing the world, but together, we ca…
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Crypto Currency

The Quest to Liberate $300K of Bitcoin From an Old ZIP File

The question still remained, though, whether all that GPU-crunching would actually work. After months of hammering on the problem, Stay was finally ready to try. The Guy hadn’t given the entire ZIP f…

The question still remained, though, whether all that GPU-crunching would actually work. After months of hammering on the problem, Stay was finally ready to try. The Guy hadn’t given the entire ZIP f…
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Crypto Currency

Twitter reveals exactly how bitcoin scammers hacked Elon Musk’s, Kim Kardashian’s accounts

Twitter just released an update on the massive hack that prompted the Great Blue Tick Silence of 2020, letting us know exactly how many accounts were actually impacted. On July 15, hackers posted tweets from several prominent, verified Twitter users’ accounts, falsely claiming that any bitcoin sent to a certain address would be paid back…

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Twitter just released an update on the massive hack that prompted the Great Blue Tick Silence of 2020, letting us know exactly how many accounts were actually impacted.

On July 15, hackers posted tweets from several prominent, verified Twitter users’ accounts, falsely claiming that any bitcoin sent to a certain address would be paid back in double. The scam netted the hackers 400 payments with a total value of $121,000 — a tidy sum for a handful of tweets. 

Now, Twitter has revealed what it’s learned about how this hack took place, stating that it “relied on a significant and concerted attempt to mislead certain employees and exploit human vulnerabilities to gain access to [Twitter’s] internal systems.”

“The social engineering that occurred on July 15, 2020, targeted a small number of employees through a phone spear phishing attack,” wrote Twitter in a blog post on Thursday. “A successful attack required the attackers to obtain access to both our internal network as well as specific employee credentials that granted them access to our internal support tools. 

“Not all of the employees that were initially targeted had permissions to use account management tools, but the attackers us

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Crypto Currency

Welp, the Twitter hacker is reportedly a 17-year-old in Florida

UPDATE: July 31, 2020, 12:45 p.m. PDT  The Department of Justice announced Friday that it had charged three people for perpetrating the Twitter hack.  A joint law enforcement investigation in which authorities “followed the money” allowed them to identify a 19-year-old in the U.K., a 22-year-old in Orlando, FL, and a minor it declined to…

UPDATE: July 31, 2020, 12:45 p.m. PDT 

The Department of Justice announced Friday that it had charged three people for perpetrating the Twitter hack. 

A joint law enforcement investigation in which authorities “followed the money” allowed them to identify a 19-year-old in the U.K., a 22-year-old in Orlando, FL, and a minor it declined to identify who is under the custody of local Florida authorities. 

The U.K. hacker has been charged with conspiracy to commit wire fraud, conspiracy to commit money laundering, and the intentional access of a protected computer. The Orlando attacker seems to have played a more minor role; he was charged with “aiding and abetting the intentional access of a protected computer.”

The DOJ’s statement emphasized that, despite mysterious hacker personas, cyber crimes are not anonymous. It provided more insight into how it tracked down the people responsible. It “analyzed the blockchain and de-anonymized bitcoin transactions allowing for the identification of two different hackers.”

“This case se

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