In this opinion piece, Yago discusses one of the biggest theoretical
attacks against bitcoin, and why he believes an upcoming software change fits its definition.
At the same time, phishing
attacks against Bitcoin exchanges and private Bitcoin holders have mounted along with the price of bitcoin.
While North Korea always seems to be up to some mischief, these ongoing
attacks against Bitcoin exchanges is likely a sign of desperation.
This malicious software might also cause your computer to participate in
attacks against the Bitcoin network.
These scenarios of cartel
attacks against the bitcoin network may seem alarmist, but they are very real possibilities lurking behind the SegWit door.
Bitcoin price surge reverberates through cybercriminal landscape, as cyber-criminals ramp up phishing
attacks against Bitcoin users.
This is just
another attack against Bitcoin, it is a big one this time, but Bitcoin will come out stronger once again if it survives.
Not exact matches
Brief research provides some strong evidence that any and all dissension
against any block size increasing alternatives to
Bitcoin was both fiercely and aggressively
attacked, shunned, condemned, ridiculed, and excommunicated in the community.
As a defensive tactic
against ransomware
attacks, corporations have been noted to buy «emergency funds» of 50 to 100
bitcoins to be able to negotiate with hackers.
«The right way to think about this is that the energy expenditure provides a level of protection
against attacks — it establishes a price floor, currently in the many millions, to launch a 34 percent or 51 percent
attack [where an attacker can block transactions and double spend
bitcoins as they please],» Emin Gun Sirer, a Cornell professor and blogger at Hacking Distributed, explained in an email.
Mysterious
Bitcoin developer bitPico has confirmed rumors that they have launched an
attack against the Lightning Network's nascent mainnet...
The
Bitcoin Payment Protocol (BIP70), proposed by Gavin Andresen and Mike Hearn in 2013, describes a protocol for communication between a merchant and their customer, «enabling both a better customer experience and better security
against man - in - the - middle
attacks on the payment process.»
Meanwhile, we reported on a series of DDoS
attacks made
against the Kraken
bitcoin exchange and other crypto - related domain names.
«The opposition is especially strong
against any action of this kind that could cause huge inconveniences for service providers and serious confusion for users, potentially leading to financial losses: unilateral attempts to appropriate
Bitcoin name, logo or «ticker», attempts to mislead light - clients and SPV wallets on alternative networks not explicitly chosen by them, attempts to launch new coins in a way which leave users vulnerable to «replay
attacks» or address format confusion, attempts to
attack the network with a temporary hashing - power majority in order to create disruptive reorgs or to slow down the normal activity.»
In a post, the site admitted it does not have the necessary technical resources to defend
against an
attack, which was why it's warning the community — especially the Chinese
bitcoin community — to be «extra vigilant» when downloading binaries.
Baidu Jiasule («Baidu Accelerated»), a Cloudflare - like service offering a website firewall, protection
against distributed denial of service
attacks and other similar features, has started accepting
bitcoins as payment.
Just because the
Bitcoin blockchain and thus
Bitcoin have been technically safe and secure historically, this does not mean that other blockchains and cryptocurrencies will exhibit the same long - term reliability, security, and resiliency
against attacks.
A cybersecurity firm has warned that North Korea is launching hacking
attacks to accrue
bitcoins and other cryptocurrencies as a means of circumventing the stiff sanctions brought
against the country by the United Nations.
This latest action followed a series of high - profile
attacks and successful thefts of South Korean cryptocurrency by North Korean actors in 2017, mainly in the form of spear - phishing campaigns
against South Korean cryptocurrency exchanges, as well as
Bitcoin and Monero mining.
that he thinks
bitcoin could reach $ 1,000,000 because several financial institutions announced that they are starting to stockpile the digital currency as a defence mechanism
against potential ransomware
attacks, which have been on the rise in recent years.
While this would not be in the self - interest of this entity from a
bitcoin - profit maximizing perspective, it does mean the Bitcoin network would be less resilient against outside a
bitcoin - profit maximizing perspective, it does mean the
Bitcoin network would be less resilient against outside a
Bitcoin network would be less resilient
against outside
attacks.
Diverse, interoperating implementations of the
Bitcoin protocol make the network more robust
against software bugs, denial - of - service
attacks and vulnerabilities.»
Additionally, Daniel Krawisz provided his opinion about the situation in another episode of his Youtube series, «
Bitcoin Stuff: Why I'm
Against Replay
Attack Protection.»
All your
Bitcoins are secured by a microchip which is certified
against all types of
attacks and its also locked by a PIN Code.
The integration of the TumbleBit protocol in the Breeze wallet will not only allow cryptographically secure exchanges between
Bitcoin and Stratis, but it will also be bulletproof
against any type of manipulation and censorship
attacks by any entity.
2017 has seen several
attacks against South Korean cryptocurrency exchanges, and this activity has since spread to banking groups in Europe and South Korea,
Bitcoin exchanges, and even an ATM company.
In the past, ShapeShift CEO and longtime
Bitcoin entrepreneur Erik Voorhees has defended Coinbase
against various
attacks from the community.
In addition, US cybersecurity firm Fireeye revealed earlier this month that a cyber-espionage group called «Temp.Hermit» launched cyber
attacks against Korean
bitcoin exchanges between May and July.
This
attack follows the multiple intrusion activities
against many
bitcoin exchanges in South Korea, which have been tentatively attributed to North Korea.
Hackers altered the DNS register of the popular
bitcoin wallet Blockchain.info trying to perform a phishing
attack against its users.
3) The following conversation with
Bitcoin Core developer, Gregory Maxwell, in which he confirms that preventions
against such a signature
attack have been implemented in
Bitcoin:
Those who hold
bitcoin accounts will fully insured
against hacker
attacks and other instances of theft.
Mysterious
Bitcoin developer bitPico has confirmed rumors that they have launched an
attack against the Lightning Network's nascent mainnet implementation.
As
attacks against the group intensify, the volunteer community that develops the code for
bitcoin's open - source software has entered a new phase of testing for Segregated Witness, its proposed scaling solution.