IBM and Maersk launch blockchain to cut shipping time and costs

Cargo shipping giant Maersk and IBM today announced TradeLens, a technology that applies blockchain to the global supply chain. TradeLens takes advantage of blockchain, the decentralized public ledger behind such tech as cryptocurrency — to enable global trade to be more efficient and secure. More than 94 companies and organizations are supporting the project in …

Cryptomining Is Overtaking Ransomware as Most Popular Cybercrime Malware

Skybox® Security, a global leader in cybersecurity management, announced today the release of its mid-year update to the Vulnerability and Threat Trends Report which analyzes vulnerabilities, exploits and threats in play. The report, compiled by the team of security analysts at the Skybox® Research Lab, aims to help organizations align their security strategy with the reality …

EU police seize $5.2M cryptocurrency in largest dark web drug bust in history

he European Union authorities conducted a drug raid against dark web sellers seizing $5.2 million worth of cryptocurrencies, Fortune reports. The authorities seized 800,000 LSD blotters, €3.3 million ($3.85 million) in fiat and real estate property, and 10 luxury vehicles in addition to the cryptocurrencies. The dealers purportedly sold drugs in over 100 countries. Authorities suspect …

SCAM or NOT? Study claims Bitcoin’s meteoric price spike was caused by massive ‘market manipulation’

In a new paper, titled ‘Is Bitcoin Really Un-Tethered?’, University of Texas finance professor John Griffin, and graduate student Amin Shams, look at how Bitcoin’s price may have been artificially inflated last year. Bitcoins incredible rise in value in the last 12 months has been down to massive market manipulation, a new study has revealed. During …

Apple bans cryptocurrency mining on iPhone

Phone maker Apple has updated its developer guidelines to explicitly ban “mining” cryptocurrencies like bitcoin. The new rules restrict apps that drain battery, generate excessive heat, or put unnecessary strain on device resources — all of which take place in bitcoin mining. “Apps, including any third party advertisements displayed within them, may not run unrelated …

Bullish again, Bitcoin Prices Surge

Bitcoin prices rose sharply yesterday after months of downfall, showing that bullish sentiment has returned to the digital currency markets. “The bulls are back in charge,” said analyst Charles Hayter, who pointed to Bitcoin’s robust intraday gain and a short squeeze taking place on Bitfinex. The world’s largest cryptocurrency reached $8,055.20, climbing almost 20% in less than six …

Kaspersky Lab: Spam and Phishing in 2017 Lists Bitcoin and FIFA 2018 as top new scams

According to a report by software security company, Kaspersky Lab “Bitcoin” and “FIFA 2018” were the top spam and phishing topics used to scam online users in 2017. The company’s “Spam and phishing in 2017” report revealed that cybercriminals have, over the past 12 months, been following the global agenda and used hot topics to …

Bitcoin could jettison nelow $5,000 should a mysterious Tether cryptotoken report be right

Some people think bitcoin’s spectacular price rise last year was manipulated by a cryptotoken called Tether that’s supposed to be pegged to the US dollar. Now, an anonymous report answers the question: What would bitcoin be worth without Tether? The answer: around $4,500, based on the current bitcoin price of about $7,600. Tether is a …