Bitcoin breaks over $5,200: You expected that, right?
Since the beginning of the year, Bitcoin has taken numerous hits from so-called "experts" and gone through a couple of major crashes. And, despite all that, the price of the most-valuable cryptocurrency has set a new record, going over $5,200 for the first time today. Bitcoin is up over 500 percent since January 1.
Bitcoin's influence in the cryptocurrency market still looms large. Its market cap, $86 billion, represents over 50 percent of the whole market, which is currently valued at around $162 billion. Bitcoin's daily value is around $2 billion, far more than any of the other players.
Hackers using websites to mine cryptocurrencies
Cyber-security experts are warning that criminals are hacking into other people's machines to mine cryptocurrencies for them.
According to a Trend Micro report, school, charity and file-sharing websites have been found infected with a particular code that makes the visitor's machine mine cryptocurrency.
Cloudflare ditches sites that use Coinhive mining code after classing it as malware
Bitcoin has been in the news for some time now as its value climbs and drops, but most recently interest turned to mining code embedded in websites. The Pirate Bay was one of the first sites to be seen using Coinhive code to secretly mine using visitors' CPU time, and then we saw similar activity from the SafeBrowse extension for Chrome.
The discovery of the code was a little distressing for visitors to the affected sites, and internet security and content delivery network (CDN) firm Cloudflare is taking action to clamp down on what it is describing as malware.
Adblock Plus releases cryptocurrency miner hijack protection filter
Cryptocurrencies have been in the news a lot recently as the price of Bitcoin and Ethereum bounces up and down. But cryptocurrency miners have also been in the headlines after it was discovered that the Pirate Bay had secretly embedded a miner in its code, and then that the SafeBrowse extension for Chrome was also mining in the background.
To help protect users who do not want their computers to be used for such things without their permission and who don't want to give up CPU cycles to generate profit for others, Adblock Plus has released a filter that will block hijacks by cryptocurrency miners. It works with Chrome, Safari, Firefox and Android.
SafeBrowse Chrome extension found to be secretly mining for cryptocurrency
Recently it was discovered that the Pirate Bay had embedded a JavaScript cryptocurrency miner into the footer of its homepage, and now a popular Chrome extension has been found engaging in similar activity.
The SafeBrowse extension purports to block popup ads and skip ad pages that appear before downloads, but in fact it was secretly running a Coin Hive mining tool in the background. With over 140,000 users, SafeBrowse -- which has now been removed from the Chrome Web Store -- was quietly making an income for its developers through clandestine use of CPU time.
Mobile network flaws could open Bitcoin wallets to hackers
An architecture flaw in mobile networks could allow hackers to intercept SMS one-time passwords and access Bitcoin wallets.
The vulnerability uncovered by enterprise security specialist Positive Technologies means that with just a person's first name, last name, and phone number, researchers were able learn the email address linked to the wallet, obtain control over it, and gain access to the wallet itself including withdrawing funds.
Cryptocurrency market recovers: Bitcoin back over $4,000, Ethereum rebounds to $290
The cryptocurrency market is recovering well after shedding over $75 billion last week in what was a major post-rally correction. News that China banned ICOs and a rumored ban on Bitcoin exchanges in the country have not brought the market to its knees, as its capitalization is now up by around $40 billion since the low reached only a few days ago.
Many "experts" have linked the correction to the bad news from China, claiming that it will be very hard for the major coins to recover. Ethereum was expected to be hit the most, as the ICO ban means its appeal in China would be severely limited, but it posts the second-largest growth post-correction of the top 10 coins.
The Pirate Bay is secretly running a Bitcoin miner in the background, increasing your CPU usage
When it comes to the Pirate Bay, it's usually movie studios, music producers and software creators that get annoyed with the site -- you know, copyright and all that. But in an interesting twist it is now users who find themselves irked by -- and disappointed in -- the most famous torrent site in the world.
So what's happened? Out of the blue, the Pirate Bay has added a Javascript-powered Bitcoin miner to the site. Nestling in the code of the site is an embedded cryptocurrency miner from Coinhive. Users who have noticed an increase in resource usage on their computers as a result of this are not happy.
Bitcoin drops below $3,000, Ethereum falls under $200
The correction in the cryptocurrency market continues. All of the major coins are in the red once again today, pushing the market cap under the $100 billion mark. Since the beginning of September, more than $75 billion has been wiped out, partly due to China, which was-recently rumored to be seeking a Bitcoin ban.
The most valuable cryptocurrency, Bitcoin, just dipped under $3,000 on September 15 for the first time since early-August. Yesterday, it was trading for around $3,500. That is a drop of 40 percent since its $5,000 peak. Its market cap has taken a beating as well, falling under $50 billion.
Bitcoin drops to $3,500 after China ban rumors
The cryptocurrency market is now in a massive correction which has wiped out over $50 billion from its market cap high reached at the beginning of the month. The downward pressure seems to center on rumors that China wants to ban Bitcoin, the most valuable cryptocurrency.
I say rumors because there seems to be no official information from China that a ban is, indeed, in the cards. That has not stopped various websites from giving them too much credence, which adds to the instability that we have seen recently.
JPMorgan chief dismisses Bitcoin as 'a fraud' currency, ideal for drug dealers and murderers
Speaking at a banking conference in New York, Jamie Dimon -- chief executive of JPMorgan -- has dismissed the cryptocurrency Bitcoin as a fraud that will blow up. He said that if he found employees at his investment bank using the digital currency, he "would fire them in a second."
Dimon likened Bitcoin to tulip bulbs and said: "The currency isn't going to work. You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart."
Could Kim Dotcom's Bitcache and K.im be the solution to piracy?
The man made famous by Megaupload, Kim Dotcom, thinks he may have come up with a solution to piracy. The solution pairs his new file-sharing site, K.im, with his micro-payment service Bitcache.
Working in a slightly different way to Megaupload, K.im is a decentralized cloud-based hosting system. Users can upload files and they will be distributed between various cloud services and also Bittorent. Coupled with Bitcache, a Bitcoin-based payment system, creators can charge for access to their content.
Bitcoin breaks $4,700, Ethereum back over $360
The cryptocurrency market is now valued at $164 billion, with $20 billion added to its capitalization in less than two weeks. That is in no small part thanks to the rise of Bitcoin and Ethereum, which have posted strong gains since our last coverage.
The most interesting development comes from Ethereum, which has stagnated recently around the $300 mark. It is slowly but surely regaining its strength, as, today, it traded for over $360 for the first time since June 21, rising its market cap to over $34 billion.
Bitcoin Cash breaks $1,000
The new offshoot of Bitcoin has dropped in value after reaching a record high which saw the cryptocurrency peak at over $1,000.
Last month, a group of Bitcoin miners implemented a hard fork of the blockchain and as a result Bitcoin Cash was created. On Friday of last week, the offshoot was able to surge by 40 percent in a single day and it reached $600.
Bitcoin price breaks $4,500
The price of Bitcoin has increased dramatically this year. The most popular cryptocurrency went from a low of $958 on January 1 to $2,000 on May 19, $3,000 on June 11, and, finally, $4,500 today. The effect? Its market cap rose from $15.5 billion to $73 billion, making it more valuable than well-known major tech companies like Twitter, HP, Nokia, NXP, Baidu, Salesforce and PayPal.
But Bitcoin's rise didn't have an effect just on its market cap, as it also boosted the cryptocurrency market as a whole. Today, its value is estimated to be around $144 billion, up from only $11.3 billion a year ago. It is pretty incredible, if you think about it.
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