Skyrocketing Bitcoin Fees Hit Carders in Wallet

Critics of unregulated virtual currencies like Bitcoin have long argued that the core utility of these payment systems lies in facilitating illicit commerce, such as buying drugs or stolen credit cards and identities. But recent spikes in the price of Bitcoin — and the fees associated with moving funds into and out of it — have conspired to make Bitcoin a less useful and desirable payment method for many crooks engaged in these activities. Continue reading Skyrocketing Bitcoin Fees Hit Carders in Wallet

Wall Street warming up to Bitcoin as Goldman Sachs sets up trading desk

Investment firm Goldman Sachs Group is about to dip a toe into the Bitcoin market, according to people familiar with the bank’s strategy. Bitcoin is heavily associated with cybercrime – in particular ransomware. Goldman Sachs is setting up … Continue reading Wall Street warming up to Bitcoin as Goldman Sachs sets up trading desk

Protect Yourself Against Social Engineering in the Age of Cryptocurrency

“Bitcoin,” “Litecoin,” “Ethereum,” and “cryptocurrency” have rapidly become household names, though many households don’t have a firm understanding of the technology behind cryptocurrencies and the … Continue reading Protect Yourself Against Social Engineering in the Age of Cryptocurrency