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For the next two weeks Bitcoin users in the US will be unable to withdraw the virtual currency in dollars. Major exchange Mt. Gox cited an unusually high demand as the reason for the suspension, while customers worried the company has run out of cash. Mt. Gox, based in Tokyo, Japan, handles approximately 80 per cent of Bitcoin transactions in...
The ‘biggest cyber-attack in history’ has caused a worldwide web slowdown as the battle between an anti-spam group and a Dutch web host continues to heat up. The largest known distributed-denial-of-service (DDoS) attack in history was sparked when the non-profit group Spamhaus placed CyberBunker on a real-time blacklist of sites to be blocked for spreading spam earlier this month. The (DDoS)...
With Russia’s leading information security company Kaspersky Lab’s onboard to provide Interpol intelligence on cybercrime worldwide, cyber criminals will likely find it increasingly hard to escape justice. Today the International Criminal Police Organization expects the Russian cyber security company to be a constant reliable consultant in investigating and preventing cybercrime in the global web. Earlier this week Interpol’s statement said that...
Two American entrepreneurs have made plans to build a floating colony in the Pacific Ocean, where they will bring the world’s most intelligent scientists that are unable to attain a visa to enter the US. The floating colony, which will consist of a large cruise ship parked 12 miles off the Californian coast, will host numerous start-up companies employing the...
Washington is reportedly considering opening all US financial records to national intelligence agencies in order to prevent future crimes. Only the FBI has had unlimited access to such databases; other agencies had to file case-by-case requests. The Obama administration is preparing legislation to enable the country’s numerous security and intelligence agencies to spy on the accounts of US citizens, Reuters...
Facebook’s ‘like’ button can reveal more than you realize, a new study has showed. By liking posts and links, you may be revealing personal secrets, like your sexuality or religious and political views. The findings have raised privacy concerns. A study by the National Academy of Sciences examined 58,000 Facebook users in the US, who volunteered their likes, demographic profiles...