Users of Synology's products might enjoy having their own personal clouds at home or in the office, but if they're not careful, they might be unknowingly making some hacker or hackers thousands of dollars. This is the scenario painted by security company Dell SecureWorks when it revealed how a number of Synology's drives have been compromised in order to produce Dogecoins.
Bitcoin might once again be losing some face. After a series of controversies surrounding the once-popular Mt. Gox bitcoin exchange, the cryptocurrency might soon be put under a microscope after one miner has been noticed to be providing 51 percent of the whole network's computational power and putting the currency's security in jeopardy.
While a bit concerning to many and troublesome for even more, bitcoin isn’t illegal. It’s also been deemed a commodity, tradable if you can find a partner who wants to swap virtual coins for goods. In what can be seen as a bit of a reversal in their stance on bitcoin, Apple has updated their App Store review guidelines to be a touch more specific about bitcoin apps.
A new category for digital items has been added to eBay making waves because of the trading potential it brings to the marketplace. The category in question is “Virtual Currency”, which will make selling Bitcoins, dogecoin, crypto currency miners, and mining contracts an easy task.
Malware that aims at infecting computers and turning them into bitcoin miners isn’t something new. However, a new piece of malware has surfaced that aims to turn hardware you might not think of getting infected into bitcoin mining drones. A new report has found a malware that infects DVRs. One of the binaries in the malware is D72BNr and the bitcoin mining portion of the malware is mzkk8g.
Among the issues surrounding Bitcoin, the question of how it should be handled when it comes to taxes has been oft-asked with no answer in sight. That ends today, with the IRS passing an important ruling that -- for the purposes of taxation -- labels the cryptocurrency as property, not a currency.
Bitcoin has had a bit of a rough time the last few months. The virtual currency was soaring in popularity until one of the major Bitcoin exchanged stopped withdrawals back in February. Mt. Gox ended up filing bankruptcy and admitting it has lost tens of thousands of bitcoins. Last week Mt. Gox found 200,000 of those bitcoins in an old wallet.
BitTorrent and cloud downloader app FrostWire has become the first open source torrent app to tie the distributed download system with Bitcoin, using the Canadian band 'Aint No Love' as the hook. The service provider has just debuted its in-client Bitcoin tipping feature, allowing fans to pay the band what they think its music is worth.