zdnet.com Archives - 02 October 2014, Thursday

  • Why I almost bit on bitcoin and nearly bought into the Butterfly Labs scam

    zdnet.com 30 Sep '14, 3pm

    If I read Mr. Gewirtz correctly, Butterfly Labs wasn't engaging in a Ponzi Scheme. It was more akin to fraud and conversion. Customer buys new system from BL with money up front. BL then acquires a system, take a quick delivery, and diverts the system to generate bitcoins for themselv...

  • Australian startup CoinJar trials bitcoin Eftpos card

    zdnet.com 18 Sep '14, 2am

    Australian bitcoin exchange startup CoinJar is hoping to "bridge the gap" between cryptocurrency and traditional payments systems with the trial of a new Eftpos (electronic funds at point of sale) card that allows users to pay for items in Australian dollars using the digital currency...

  • Bitcoin phishing campaign targets media, tech, education industries

    Bitcoin phishing campaign targets media, tech, education industries

    zdnet.com 21 Aug '14, 10am

    A Bitcoin-based phishing campaign has targeted over 400 organizations with the intention of stealing cryptocurrency wallet passwords. California-based security company Proofpoint discussed the campaign on Wednesday. In a blog post , the security team said that due to its unregulated n...

  • Bitcoin is barter for individuals, taxable for business: ATO

    zdnet.com 20 Aug '14, 4am

    The Australian Taxation Office (ATO) released its guidance on the taxation treatment of Bitcoin and other crypto-currencies today, timed to coincide with the lodgement of Australians' 2013-2014 income tax returns. "The guidance paper and draft tax rulings issued today provide certaint...

  • Mt. Gox Bitcoin investors voice anger after creditors meet

    zdnet.com 24 Jul '14, 5am

    Investors from failed Japanese Bitcoin exchange, Mt. Gox, are livid following the first creditors meeting Wednesday in Tokyo, where questions remain unanswered over the loss of some US$500 million worth of Bitcoins. A group of more than 100 investors were present at the courthouse mee...

  • NSA fallout prompted change in Singapore startup's cloud strategy

    zdnet.com 27 Jun '14, 10am

    Unified Inbox was just about ready to launch its cloud-based communications tool last year, when Edward Snowden rocked the industry with his revelations about widespread cyberspying activities. User concerns about data privacy ensued , prompting the Singapore startup to rethink and re...

  • Singapore fiber operator keen to be fourth telco

    zdnet.com 26 Jun '14, 4pm

    The needs of mobile consumers in Singapore are still not fully addressed and the market needs more competition to deliver more value to customers. In fact, the introduction of a fourth operator in the country would help ensure innovation and better user experience, argued MyRepublic i...

  • False Stoned virus detections in Bitcoin files are widespread

    zdnet.com 24 Jun '14, 11am

    Researcher Didier Stevens is reporting on his blog that he has confirmed the reports of anti-virus false positive detections in Bitcoin files. Stevens submitted samples to VirusTotal and received positive detections from several , including many respectable vendors like Symantec, Soph...

  • China demands all banks cease trading in Bitcoin

    zdnet.com 28 Mar '14, 12pm

    Apparently you've figured it all out and the monetary policy specialists for governments around the world are all wrong. :S First of all, by your definition "currency" is anything you can use as payment and it includes everything from Monopoly money to gold pieces in World of Warcraft...

  • Google yanks two battery-sucking Bitcoin mining Android apps from Play store

    zdnet.com 28 Mar '14, 10am

    Researchers have found two popular apps in Google Play that surreptitiously mine several cryptocurrencies for their makers, potentially over-heating devices and shortening their lifespan. It's not so surprising to hear of new malware for Android these days, especially when it comes to...

  • CyberPowerPC joins Bitcoin craze with Mega Miner desktop series

    CyberPowerPC joins Bitcoin craze with Mega Miner desktop series

    zdnet.com 22 Mar '14, 12pm

    What's good enough for boutique PC builder iBuyPower is usually good enough for CyberPowerPC -- and vice versa. So it shouldn't come as a surprise that a few weeks after the iBuyPower CoinMine desktops , designed for Bitcoin mining, were released, CyberPower has responded with its new...

  • Australian government tracks every AUD conversion into bitcoin

    zdnet.com 24 Feb '14, 7am

    The Australian Transaction Reports and Analysis Centre (Austrac), the Australian government agency responsible for countering money laundering and the financing of terrorism, is able to track each conversion transaction from bitcoin into or out of Australian dollars. "Australia is ver...

  • Bitcoin bubble could burst as investors rush to withdraw cash

    zdnet.com 17 Feb '14, 12pm

    FinCEN and other regulatory agencies have already begun working closely with investors and financial service providers in the Bitcoin space to offer agreeable regulations that protect consumers, discourage lawbreaking, and still foster growth and innovation in a completely new financi...

  • Anonymous targets Singapore govt with second tweetstorm

    Anonymous targets Singapore govt with second tweetstorm

    zdnet.com 09 Feb '14, 5am

    Anonymous has stepped up efforts to raise awareness over ongoing criminal procedings in alleged hackers in Singapore linked to the hacktivist group. The group called for a tweetstorm using the #FreeAnonsSG hashtag for February 9, 2014 at 8am Singapore time, to protest against various ...

  • Anonymous leaks Singapore govt employees' personal data

    zdnet.com 07 Feb '14, 10am

    Hacktivist group Anonymous has threatened to make public the personal data of employees linked to the Singapore government, in response to recent arrests of individuals linked to the group which it has deemed unfair. The personal information of 10 people was part of a statement shared...

  • Anonymous leaks Singapore govt employees' personal data

    zdnet.com 07 Feb '14, 10am

    Hacktivist group Anonymous has threatened to make public the personal data of employees linked to the Singapore government, in response to recent arrests of individuals linked to the group which it has deemed unfair. The personal information of 10 people was part of a statement shared...

  • Why Singapore doesn't need Bitcoin

    zdnet.com 06 Feb '14, 3am

    "Bitcoin is cool and I think there's a certain PR value for accepting Bitcoins. The geeky folks, of which there are many in Singapore, would probably come check you out just to see what it's like to do a transaction using Bitcoins. But is it worth training the staff and implementing t...

  • Tech start-ups in Singapore - cultural challenges you'll face

    zdnet.com 05 Feb '14, 8am

    All over the world start-up technology companies are toiling away waiting to be recognized and utilized. I sat down with Abhiroop Basu, content strategist at Zopim, which has gotten over early stage hurdles to reach success, and talked about what the challenges a young technology comp...

  • Singapore government hires first chief data scientist

    zdnet.com 21 Jan '14, 7am

    SINGAPORE--The government has reiterated its pledge to develop local capabilities in data analytics and announced the appointment of the country's first chief data scientist. IDA appoints its first chief data scientist, Prabir Sen. According to executive deputy chairman of Infocomm De...

  • Verotel jumps on Bitcoin bandwagon for porn purveyors

    zdnet.com 10 Jan '14, 8pm

    Verotel , the Dutch internet payment service provider for adult entertainment webmasters and other high-risk merchants, is now accepting Bitcoin payments through BitPay . The digital currency has already gone mainstream so, of course, it makes a ton of sense as a payment option for fo...

  • Singapore issues tax guidance on Bitcoins

    zdnet.com 09 Jan '14, 6am

    The Inland Revenue Authority of Singapore (IRAS) has laid out tax advice regarding the purchase, sale, and exchange of Bitcoins for local businesses and individuals. In response to queries from Coin Republic owner David Moskowitz, the IRAS provided guidance on how to treat Bitcoin in ...

  • Western Digital's HGST cuts 500 Singapore jobs, shifts production to Thailand

    zdnet.com 27 Dec '13, 7am

    Western Digital has retrenched nearly 500 Singapore employees at its enterprise hard drive subsidiary HGST (formerly Hitachi Global Storage Technologies), in a bid to enhance cost competitiveness. Western Digital's HGST is moving production to Thailand for lower costs. The Singapore f...

  • Bitcoin exchanges suspend operations in India amid govt warning

    Bitcoin exchanges suspend operations in India amid govt warning

    zdnet.com 27 Dec '13, 4am

    India's largest bitcoin trading platform has suspended its operations, citing a recent public advisory by the central bank highlighting the risks of virtual currencies, according to The Hindu . The closure of BuySellBitCo.in, which sees about 12 million rupees of Bitcoin transactions ...

  • Singapore adds Do-Not-Call 'exemption' for firms with existing customers

    Singapore adds Do-Not-Call 'exemption' for firms with existing customers

    zdnet.com 26 Dec '13, 5am

    Businesses in Singapore can now continue to send text or fax messages to existing customers without having to first check with the Do-Not-Call (DNC) Registry when this list comes into effect January 2. The Infocomm Development Authority of Singapore (IDA) on Thursday introduced a new ...

  • CryptoLocker's crimewave: A trail of millions in laundered Bitcoin

    zdnet.com 22 Dec '13, 9am

    Dell SecureWorks estimates that CryptoLocker has infected 250,000 victims. The average payout is $300 each, and millions in laundered Bitcoin have been tracked and traced to the ransomware's money runners. Spreading like wildfire from offices to homes, it arrives in email attachments ...

  • A crypto-currency primer: Bitcoin vs. Litecoin

    A crypto-currency primer: Bitcoin vs. Litecoin

    zdnet.com 14 Dec '13, 6am

    In my previous post on How to mine Bitcoin on your Mac I discussed how to mine crypto-gold on your Mac. Before diving in, I wanted to lay down a framework on the basics of Bitcoin (BTC) and its easier-to-mine competitor, Litecoin (LTC). Since investing in dedicated Bitcoin mining hard...

  • Bitcoin: It's not just loopy tulip land, it's worse

    zdnet.com 06 Dec '13, 5am

    Congratulations, libertarians, your clever little digital currency based on nothing but arithmetic, arrogance and faux-revolutionary Kool-Aid has been smeared in US Senate-love and slid all the way up to the US$1200 mark. Bitcoin is being taken seriously in serious quarters, it seems....

  • Anonymous website disappears with $100M in Bitcoin

    zdnet.com 05 Dec '13, 8am

    A website selling contraband goods has disappeared with a Bitcoin haul that some estimate could be worth as much as US$100 million. Read this Bitcoin rises as South Korea's cyber dough Read more Sheep Marketplace, which emerged after the Silk Road website was taken down, shut down ove...

  • Same Day Delivery in Singapore

    zdnet.com 29 Nov '13, 1am

    In America, Google, eBay, Amazon, and the soon-to-be-resurrected Kozmo.com offer same day delivery, often in under 90 minutes, of almost any product you could want. It’s the ultimate in convenience; sit at your desk, browse the shopping site, click a button to purchase, and it shows u...

  • Singapore arrests two men for govt site breach

    zdnet.com 28 Nov '13, 9am

    Two Singaporean men have been arrested over the alleged "hacking" of the Istana website, which belongs to the presidential office. The two suspects were arrested today and will be charged in court tomorrow, according to a press release by the Singapore Police Force. They two men were ...