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| Cryptocurrency exchanges most likely hacking target in 2018 To date, the attacks on the cryptocurrency industry has reached US$168 million. Group-IB estimates income from attacks on cryptocurrency exchanges varies from US$1.5 million (Bitcurex) to US$72 million (Bitfinex). In comparison, a successful attack on a bank nets criminals only about US$1.5 million ...
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| Bank of England Developing Cryptocurrency with Aggressive Timelines A maniacal following of cryptocurrency matured in 2017, but the new calendar year may hold even loftier implications. Digital currencies have already grown from a simple idea to an increasingly tangible option moving forward. Bitcoin, the crypto-market's dominant token, is accepted as valid payment by ...
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| Bitcoin mining: The backbone of cryptocurrency, and its biggest problem Mining is the process of validating cryptocurrency transactions. In the bitcoin network, miners compete to validate a block of transactions, and creating a new block in the network. To "win" this competition, miners are required to solve complex cryptographic problems. Simply put, imagine you are given ...
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