Bitcoin 

‘Never Use BitPay’ — Hong Kong Free Press Slams Bitcoin Donation Block

Cryptocurrency payment processor BitPay faces another publicity nightmare amid claims it blocked donations to Hong Kong for several weeks. According to a complaint on social media by Tom Grundy on Sept. 11, founder of crowdfunded media outlet Hong Kong Free Press (HKFP), BitPay suddenly began failing to pass on funds from donors.  Press CEO: “Never use BitPay” HKFP has accepted Bitcoin (BTC) support since 2015. Since that time, BitPay has processed payments worth just under 15,000 HKD ($1,900). For the past three weeks, however, the company has blocked access, Grundy…

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Bitcoin 

Venezuela Launches Free Cryptocurrency Training Course For Citizens

The Venezuelan government has launched a free cryptocurrency training course to teach its citizens how to buy, sell and mine digital currencies, particularly the oil-backed Petro that has been recently issued by the state, local news outlet Telesur TV reported on Saturday, Feb. 24. The opening of the “Granja Laboratorio Petro” in Caracas takes place days after the launch of the oil-backed national cryptocurrency of Venezuela Petro (PTR) on Feb. 20. Carmen Salvador, a teacher of cryptocurrency trading at the newly established training course, comments that the school offers “a…

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Bitcoin 

Gab Seeks $10M to Decentralize and Use ‘Free Speech Money’ Bitcoin

Social media platform Gab has made a bid to seal $10 million in a Series A crowdfunding round that will enable it decentralize its infrastructure and integrate bitcoin (BTC) and Lightning Network payments.  Founded in 2016, Gab has risen to notoriety due to a perception that it serves as an “echo chamber” for “extremist,” alt- or far-right views as it welcomes users who have been banned from sites like Twitter and Facebook for their alleged violations of hate speech rules. More broadly, the site targets a user base of libertarian,…

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Bitcoin 

‘Free Bitcoin’ Scam Propagated on YouTube Steals Crypto via Clipboard Hijacking

The Qulab information-stealing and clipboard hijacker trojan is being propagated on YouTube via fraudulent videos about an allegedly free bitcoin (BTC) generator, BleepingComputer reports on May 29. According to the report, security researcher Frost reached out to BleepingComputer about the trojan scam, saying that YouTube would take down the fraudulent videos when reported, but new accounts and videos would subsequently pop up with the same MO. The videos reportedly describe a tool that lets users earn free bitcoin, with a link in the video description. The links then direct to…

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Ethereum 

App Offering Free Bitcoin and Ether to Users Is a Scam, Malware Hunter Warns

An app that claims to give users the chance to earn $45 a day in free bitcoin (BTC) is a scam, according to a tweet by an “independent malware hunter” posted on May 20. The software, known as Bitcoin Collector, is advertised on a website that supposedly enables users to share a unique URL with their friends with payouts of 3 ether (ETH) (worth about $800 at press time) for every 1,000 people who click on it. But according to a security researcher who goes by the nickname Frost on Twitter, the app is a…

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