Category: News

Why you need to convert your Bitcoins

What is a 51% attack? Bitcoin miners use powerful computers to verify that each person who wishes to spend Bitcoins actually has Bitcoins to spend and isn’t trying to fool the system. They do this by reviewing the Blockchain – a digital file that documents every Bitcoin transaction ever made. Miners usually groups together in mining pools so they can combine their mining power and become more efficient. The power …
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200k stolen in dogecoin mining operation

What happened? Dogecoin is brought up to our attention one again, this time a hacker mined around 500 million dogecoins, equating to $200 thousand. The hackers infiltrated data storage hubs for computer networks. According to SecureWorks, which is an information service and is a subsidiary of Dell, the hacker targeted NAS (network attached storage) boxes which we made by Synology Inc. It used the boxes’ power to mine dogecoins on …
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Bitcoin Apps Re-Enter the iOS Store

Bitcoin Wallets Earlier this month Apple decided to update their guidelines in the App Store regarding Bitcoin Apps and the requirements needed in order to be distributed on the iOS store. Since then there seemed to be a number of Apps that have since placed their appearance in the store. Apple is doing a good job with their policy shift and adding Bitcoin wallet Apps. Coinpocket is an app that …
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Top sponsored ad on Google is a Bitcoin phishing site

What happened This is a reminder to you all to be careful how you store your Bitcoins. The following story is taken from reddit, where someone who started accepting Bitcoins for his services was wiped clean of his coins after a simple phishing site got his credentials for the wallet. The phishing website imitated Blockchain.info which is a popular Bitcoin wallet site. The site showed itself on the front page of …
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