Author Archives: cazalla

Lamassu: 100th Bitcoin ATM Operational

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The Bitcoin ATM vendor Lamassu has announced the successful launch of its 100th Bitcoin ATM thanks to installations in Finland and Indonesia.

Lamassu first began taking pre-orders for the machines in August of 2013 and in April of this year, Lamassu CEO Zach Harvey told the Coin Summit conference held in San Francisco that more than 220 orders had been placed for the machines. This month's announcement that the 100th machine is now operational represents less than 50% of pre-orders having made it to market despite more than a year passing since pre-orders first began. Pre-order sales are often used to conflate the success of a product. Continue reading →

CoinVault: Decrypt One File For Free, Send Bitcoin To Decrypt The Rest

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From Webroot comes a report of a new piece of ransomware called CoinVault. CoinVault works much in the same way as previous iterations of ransomware such as CryptoLocker by encrypting the user's files and then demanding that the user pay a ransom with bitcoin if they wish to reclaim the files. Where CoinVault differs to other ransomware is that it offers the user the choice to decrypt one file for free. The CoinVault ransom states: Continue reading →

Coinbase Seeking A Risk Investigator

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Qntra previously reported on the use of Voxis Platform, a payment platform used by carders to convert stolen credit cards into cash and/or bitcoin via payment processors such as PayPal, Stripe and Coinbase. At the time of publication, Qntra contacted Coinbase regarding the allegations and asked if they could confirm that the Voxis Platform was being used by carders to target Coinbase. Qntra was told we would receive a reply after it was forwarded to legal to which no response has been received. Continue reading →

Coinbase Rumoured To Raise $50 Million Bezzlars, Down From $150 Million Bezzlars

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Coinbase, the company that is well known for locking in the purchase price of your bitcoin.. unless the price happens to go up in the interim in which case the purchase is flagged as a high risk transaction and cancelled, is rumoured to be raising between USD $40-60 million. The round of new investment is rumoured to be lead by Draper Fisher Jurvetson according to an article published by Re/code. Continue reading →

Bank of Canada: Bitcoin Poses No Risk But We'll Watch It Closely Anyway

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With her feet standing upon the shores of beach fiat, Carolyn Wilkins, the senior deputy governor for Bank of Canada stated on Thursday that the incoming Bitcoin tsunami does not currently pose a risk to stability in Canada. Conceding that the tsunami will indeed reach the shore, she continued by saying that Bitcoin must be watched closely for any threat it poses to the financial system. Continue reading →