Bitcoin

A new Bitcoin scam claims to have webcam footage of you masturbating

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If you thought that the spectacular bottoming-out of Bitcoin’s value would stop scammers, I’ve got a bridge to sell you. It appears that Norton, an unassuming town in Kansas with a population of around 3,000, is being targeted by Bitcoin extortionists. Those scammers are casting their digital net wide, sending emails to the town’s exhibitionists that threaten to release some pretty private videos unless their Bitcoin ransom gets paid.Norton Kansas Police Department published a public warning on its Facebook page yesterday, with a screengrab of the extortion email the scammers have been using, warning anyone who gets the email to not send any money to the address mentioned.That’s pretty good advice for a few reasonsLook past the broken grammar and spelling mistakes of the l33t hacker. Look past the fact that porn sites are generally getting safer every year. This extortion attempt is a form letter that started making the rounds back in 2017, according to Kaspersky. In 2018, the scammers got a bit more sophisticated, adding some password or other login details about the user to make their little hustle seem more legit.It’s not. This type of scam is completely based on fear, playing on your conscience (assuming you actually did what they say you did). There are no webcam recordings, they don’t even know what porn sites you may or may not have visited. The same email has been going around for years now, I received the same letter the other week and I neither live in Norton nor own a webcam.Image: Norton Kansas Police DepartmentIn this case, it seems that either the residents of Norton are internet-savvy, don’t watch porn, or don’t know what Bitcoin is, as the Bitcoin wallet address given by the supposed hackers still has a zero balance.Image: TNWMaybe they saw the media coverage of last year’s sextortion scams, where one Bitcoin address garnered over $17,000 in a few days.The advice given by Norton’s Police Department is soundStating that anyone receiving an email like this (that didn’t go immediately to the spam folder) should just delete it, don’t click on any links in the email, and certainly don’t figure out how to buy Bitcoin to send it to that wallet address.I’d also like to add Kaspersky Labs’ advice on staying safe online, if you do choose to frequent adult websites:For consumers:Before clicking any link, check the link address shown, even in the search results of trusted search engines. If the address was received in an e-mail, check if it is the same as the actual hyperlink.Do not click on questionable websites when they are offered in search results and do not install anything that comes from them.If you wish to buy a paid subscription to an adult content website – purchase it only on the official website. Double check the URL of the website and make sure it is authentic.Check any email attachments with a security solution before opening them –especially from dark web entities (even if they are expected to come from an anonymous source).Patch the software on your PC as soon as security updates for the latest bugs are available.Do not download pirated software and other illegal content. Even if you were redirected to the webpage from a legitimate website.Use a reliable security solution with behavior-based anti-phishing technologies – such as Kaspersky Total Security, to detect and block spam and phishing attacks.Use a robust security solution to protect you from malicious software and its actions – such as the Kaspersky Internet Security for Android.Have you received any of these emails? What did you do? Let us know down below in the comments or carry the discussion over to our Twitter or Facebook.Editors’ Recommendations: Maker, meme-r and unabashed geek.
My hobbies include photography, animation and hoarding Reddit gold.


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Altcoin

Winklevoss: Buying Bitcoin isn’t “as crazy as sitting on the sidelines”

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While it could be argued that investing in Bitcoin is certainly a risk, Cameron Winklevoss, – one-half of the famous Winklevoss twins – believes that it’s not as risky, or as he puts it “crazy” as waiting on the sidelines.

The Winklevoss brothers are known for their bullish ways, especially when it comes to Bitcoin (BTC); and today is no exception with Cameron offering his famous rhetoric on the #1, encouraging speculators to jump in and invest.

According to Cameron while some think you would be mad to invest in BTC, he states that you would be crazy not too, equating the rise of cryptocurrencies to the “future of money”



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Blockchain

Update From New York City’s Blockchain Week

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Kai Pilger

For the last five years, every spring CoinDesk has been hosting its blockchain technology conference Consensus in New York City. The idea is to bring together the top brands and developers in the cryptocurrency and blockchain spaces to learn what’s new and what’s next. The event has grown to include the surrounding Blockchain Week, which includes both official and unofficial events thanks to the volume of attendees.

Related Article: Blockchain Will Stall Until it Finds Its Killer App

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Cryptocurrency is moving past the toddler stage and people are starting to pay more attention to the underlying blockchain technology. The CryptoNouveau event was a great place to meet the top thinkers in the blockchain space and learn where they think the technology is going next.

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Regulation

Central Bank of Russia Expects Crypto Draft Bill to Be Adopted in Spring 2019

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The central bank of Russia believes that the draft bill on crypto regulation is prepared enough to be adopted in the spring of 2019, local news agency TASS reports on May 22.

Olga Skorobogatova, first deputy governor of the Russian central bank, has stated that the bank expects the crypto bill, “On Digital Financial Assets” (DFA), to be adopted during the spring session in 2019 in accordance with the order of the country’s president, Vladimir Putin.

Speaking at a recent meeting of the Parliament, Skorobogatova argued that the DFA, as well as a draft law on crowdfunding and other crypto-related bills, are at a “sufficiently high degree of preparedness” to be adopted during the session.

The official has also emphasized that all those draft laws are “crucial for the country and will allow for the implementation of new projects.” Conversely, Russian prime minister and former president Dmitry Medvedev had…



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Bitcoin

Goldman-Sachs Backed Circle Blames ‘Restrictive’ US Laws for Layoffs

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Bitcoin and crypto are rising, but Goldman Sachs-backed Circle laid off 10 percent of its workforce blaming a ‘restrictive’ regulatory climate. But is that just a smokescreen to mask Circle’s dwindling user base?


SEC Bullish on Bitcoin, Bearish on Alts

OK, so we may not call the SEC exactly ‘bullish’ on Bitcoin. In fact, quietly cautious at best, downright suspicious at worst.

But at least the regulatory body has it clear that Bitcoin is not a security. It’s even considering Bitcoin ETF proposals, albeit at a glacially slow pace.

The same cannot be said for the majority of ICOs. While there are rumors of change on the horizon, it appears that for now, they…



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Ethereum

Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend

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Wednesday, May 22 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark again.

Market visualization courtesy of Coin360

Bitcoin is down over .5% on the day, trading at $7,850 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 1.83%.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap

This week, Cointelegraph reported that CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for BTC futures trading.

Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $26.9 billion. The second-largest altcoin, XRP, has a market cap of $16.5 billion at press time.

CoinMarketCap data shows that ETH is up over .5% over…



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