Browsing: digital currency

What is Bitcoin? Bitcoin is a descentralized digital currency created and stored digitally. Bitcoin currency is not printed like traditional currencies instead it is forged by people and this days by businesses from all around the world using custom developed software that solves complicated cryptography mathematical problems. The differencies and similarities between normal currencies and Bitcoin Bitcoin is used as form pf online payments, trading just like normal currencies. The main important characteristic of Bitcoin is that it is decentralized. In comparison with the dollar, euro or yen that are controlled by governments bitcoin is a form of currency that is not regulated by any kind of government or large bank. Bitcoin was originally created by Satoshi Nakamota that started with the idea of building a currency independend of authorities, easily transferable ecltronically with the capability of using ultra low transaction fees. The most important characteristics of Bitcoin 1. Decentralization…

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The Republic of Korea’s National Police Agency (NPA) has made public details the reports of investigation about North Korean hackers attempting to steal bitcoins from the country bitcoin exchanges. As covered by CNN in the past the cybersecurity firm, FireEye showed reports of a North Korean state campaing attempting to steal bitcoins from South Korean cryptocurrency exchanges. “State-sponsored actors [are] seeking to steal bitcoin and other virtual currencies as a means of evading sanctions and obtaining hard currencies to fund the regime,” read an excerpt from the FireEye report. The South Korean Police reports said that the attempts failed and they were in a form of phishing login. A total of 25 employees were targeted by the hackers being subjected at 10 different phishing attempts since July,

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