Cryptojacking Falls in Second Quarter, Coinciding with Crypto Bear Market: Research

This year’s second quarter witnessed a lull in cybercrime, but cybercriminals continue to experiment with ransomware, according to Malwarebytes Labs in its second quarter report. Malware activity posted a decrease in both business and consumer categories in the second quarter, the report noted. But while the volume of activity was lower, the quality of the

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Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners

A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Put together by Chinese news platform Jiemian, the report follows the story of Li

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Bitcoin’s Killer App is Ransomware, Not Payments: Stripe COO

Stripe, a digital payments provider, took a pioneering role with bitcoin in 2015 when it introduced a tool that allowed merchants to accept bitcoin. This past April, the company discontinued the service. The company’s COO, Claire Hughes Johnson, told Fortune’s Brainstorm Tech conference Tuesday that the reason behind the firm’s abandonment of BTC is that

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Canada’s Only Actively-Managed Cryptocurrency Fund Now 91% in Cash

Canada’s only actively-managed cryptocurrency fund is currently holding approximately 91 percent of its assets in cash, a position it says it has taken based on uncertainty about the near-term trajectory of the market. Writing in a biweekly report published on Facebook, the Quebec-based Rivemont Crypto Fund revealed that, as of July 13, 90.9 percent of

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Change.org Launches Screensaver That Mines Monero for Charity

Popular social petition platform Change.org is asking its supporters to install a screensaver that will mine monero on behalf of the for-profit organization’s charitable foundation. Change.org Asks Supporters to Mine Monero for Charity Dubbed “The Mining Screensaver,” the tool activates whenever a user steps away from his or her computer for a set period of

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U.S. Congress Strikes Positive Tone on Cryptocurrency in Latest Hearing

A congressional hearing before the U.S. House Committee on Agriculture today struck a positive tone towards the impact that cryptocurrency and digital assets can have for the economy and processes. The hearing included academics, engineers, and entrepreneurs in the cryptocurrency industry. They included: Mr. Joshua Fairfield, William Donald Bain Family Professor of Law, Washington and Lee

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Bitcoin Not a Real Currency, Risky for ‘Unsophisticated Investors’: Fed Chair Powell

The head of the U.S. Federal Reserve warned Congress that bitcoin and other cryptocurrencies are dangerous to “unsophisticated investors” and should not be considered real currencies. Fed Chair Powell Criticizes Cryptocurrencies Jerome Powell, who became Fed chair in February, succeeding fellow cryptocurrency critic Janet Yellen, said on Capitol Hill that “relatively unsophisticated investors see the

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Bitcoin Investment Trust Creator Adding $10 Million in New Investments Every Week

Grayscale Investments, the fund provider behind the Bitcoin Investment Trust (OTC: GBTC), said that it is onboarding nearly $10 million in new investments every week, and the majority of that capital is coming from institutional investors. The New York-based firm, a wholly-owned subsidiary of the Digital Currency Group, made the announcement in its newly-released Digital

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Bitcoin Price Could Reach $40,000 Within Years: Billionaire Marc Lasry

Another billionaire has officially jumped on the bitcoin bandwagon. The latest addition to the burgeoning group of bitcoin billionaires is Marc Lasry, the co-founder of Avenue Capital Group, an investment firm with $9.6 billion in assets under management. Speaking with CNBC, Lasry — who is also a co-owner of the NBA’s Milwaukee Bucks — said

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