Bitcoin Guru

People who have been following the tech news may recall the name Lizard Squad. This hacker collective has been a major pain in the neck for computer users all over the world. But it looks like they are changing tactics. Instead of relying on computer botnets, they are now enslaving other internet-connected devices to wreak more havoc. Lizard Squad Is Still On The Scene While most people agree the Internet of Things is a magnificent concept, it also poses a significant security risk. The majority of Internet-connected devices is not equipped with proper security precautions. In theory, any device connected to the internet can be hacked and taken over by malicious individuals. That seems to what Lizard Squad is showcasing already. The collective has been making a name for itself by using compromised computers to execute DDoS attacks around the world. But it looks like the Internet of Things is their new favorite target as of late. With millions of connected devices to choose from...

In the past 20 years the internet has evolved and changed our way to communicate, learn and connect to the world. It has brought together family, friends and colleagues and has been a fundamental resource for social and political initiatives. It was only financial evolution what was missing and since 2009 a new way to transfer, hold and trade value has risen to stay. Bitcoin is a digital asset fully transparent, open and secure that allows individuals to transfer value without intermediaries and with the lowest cost ever imaginable world wide. Cryptobuyer is a multidisciplinary team of young entrepreneurs determined to bring blockchain technology to Latin America. The purpose of the platform is to offer a new resource to transfer money to relatives from any corner of the world and make payments in any currency safely with special care concerning the fulfillment of all national regulations and compliance standards needed to embody a true financial alternative. From a phone credit ...

Albeit not everyone is overly enthusiastic about ETFs or tracker certificates issued on the bitcoin protocol, they are an excellent way to advertise the benefit of cryptocurrency. Vontobel, a Swiss bank, issued their new tracker certificate on Bitcoin. People who expect the Bitcoin value to go up should take a close look at this offering. Vontobel Embraces Bitcoin For Trading Purposes One could say the Vontobel certificate on Bitcoin is very similar to an ETF. Investors will have easy access to the Bitcoin market, without going through an exchange or additional verification process. While they will not hold Bitcoin directly, this is an excellent way to get involved in cryptocurrency through traditional means. It is the first time such a trading instrument is accessible on the Swiss exchange market, though. As one would come to expect from this initiative, the certificate had to go through a thorough verification process by the Swiss Exchange. This new certificate will become avai...

In light of the recent Bitfinex attack, BitGo revealed a rather interesting statement. The company claimed their own investigation has yielded no evidence of a breach of any of their servers during the Bitfinex attack. This is rather strange, as all of the missing funds was drained from multisignature wallets, which should be secured by BitGo’s technology. A Rather Worrisome Scenario For BitGo? The way most people look at this statement is as follows: BitGo secures BitFinex’s cold storage but did not record a breach. However, the funds were stolen from multisignature wallets. If there was no breach, to begin with, how did the funds go missing then? A rather worrisome option to consider for sure. While no one is saying Bitfinex is not to blame for this hack, it also goes to show BitGo may not be as secure as most people assumed at first. The company specializes in doing one job, yet some people feel they utterly failed at doing just that. Some people even go as far as referring to...

During Microsoft's Ignite Technology conference in Atlanta their CEO, Satya Nadella, revealed the newest piece of technology. It's a powerful piece of silicon inside their cloud-oriented information centers. It gives Microsoft's Azure platform a tremendous advantage in the artificial intelligence field. Microsoft has installed Field Programmable Gate Arrays (FPGA) in 15 countries across five different continents, all within the past two years. Microsoft dubbed the project "Project Catapult". FPGA acts similarly to a computers CPU and GPU, but they can be reprogrammed on the fly to best satisfy a need. "What this means is that in addition to getting the efficiency of hardware,  you also get the flexibility because you can change their functionality on the fly. This new architecture that we've built effectively puts an FPGA-based AI supercomputer into our global, hyper scale cloud. We get awesome speed, scale, and efficiency. It will change what...

Riding on the Staten Island Ferry this morning, I checked Coindesk to get my morning fill of recent news in the Bitcoin/Blockchain community. I opened up Bailey Reutzel’s article, which read “post-trade settlement services for small to medium sized enterprises will soon be in development.” e-BIT has decided to halt this discussion in order to inform the masses that a major component of this technology has already been developed and the rest of the components are patent pending. e-BIT has been in stealth development since 2012, originally a Bitcoin mining company, our path has pivoted in recent years. e-BIT’s beta service ‘xChain’ was developed to revolutionize the way SME and financial institutions use their legacy systems. We’re currently willing to demo this product for any financial institution or private investor in the New York City area.  e-BIT’s website launched ahead of the Go-Distributed: Trade Conference in St. Louis two weeks ago, and is starting to gain organic tr...

New studies show that the Postal Service is unknowingly aiding the opiate epidemic going on in the United States right now. Authorities state that packages containing heroin and other opioids are being shipped right to door steps, using the mail systems. Packages that have been intercepted by the USPS have been traced back as far as China and India. “It comes from our postal system and their postal system into the United States. Unbelievable. This poison is coming in the mail to our communities,” Senator Rob Portman of Ohio said. “It’s easy to do because, unlike private carriers, think UPS and FedEx, in the mail system you can send a package without having any information attached to it. It shouldn’t be that easy, and it doesn’t have to be.” Congress had recently taken action to help fight the abuse of prescription medication and heroin. A recent rise in the number of opiate related overdoses drew attention to the abuse of synthetic opiates that enter the United States from Mexic...