North Korea

Auto Added by WPeMatico

North Korea Obtained 11,000 bitcoins in 2017, Expert Says

by

North Korea may have made over $200 million USD from cryptocurrency transactions last year, according to a former NSA official. DPRK is believed to have obtained at least 11,000 bitcoins through mining or hacking in 2017. Pyongyang continues to exploit the benefits of using cryptos and the cyber security weaknesses of its adversaries, recent reports … Read more

Intelligence: Pyongyang Trying to Steal Cryptos before Pyeongchang Olympics

by

Despite some cracks on the icy surface of inter-Korean relations, caused by the Olympic spirit, tensions on the silent crypto front in Korea remain high. South Korean intelligence has informed lawmakers in Seoul that the North keeps trying to hack cryptocurrency exchanges south of the DMZ. Cryptos worth billions of won have been stolen by … Read more

George Soros: Bitcoin is Propped Up by Dictators

by

Legendary currency trader, hedge fund titan, philanthropist George Soros, 87, delivered his yearly talk at The World Economic Forum 2018 in Davos, Switzerland. At the end of his remarks, an audience question asked the mogul his thoughts on cryptocurrencies generally and bitcoin in particular. Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” George … Read more

The Futility of Government Bans – Bitcoin Always Finds a Way

by

Cryptocurrencies have been threatened at one point or another by nearly every country on the planet. Rarely does a government venture beyond rhetoric. Those resorting to crackdowns are often met with greater public appetite for decentralized virtual money, making all that initial fuss an exercise in futility. Be they communist strongholds or liberal democracies, bitcoin … Read more

New Monero Mining Malware Sends Proceeds to Kim Il Sung University, North Korea

by

The code for a new Monero mining bot has been found to direct its ill-gotten gains to a computer server located at the first academic institute ever built in North Korea, Kim Il-sung University. Also Read: US Blames Bitcoin Ransomware Attack Wannacry on North Korea Malware University, North Korea Cyber security solutions developer Alienvault revealed … Read more