digital currency | Breaking Cybersecurity News | The Hacker News

A critical vulnerability in the Android implementation of the Java SecureRandom random number generator was discovered , that leaves Bitcoin digital wallets on the mobile platform vulnerable to theft. Before the announcement was made, users on the forums had noticed over 55 BTC were stolen a few hours after the client improperly signed a transaction using the compromised random number generator. Bitcoin is a virtual currency that makes use of cryptography to create and transfer bitcoins. Users make use of digital wallets to store bitcoin addresses from which bitcoins are received or sent. Bitcoin uses public-key cryptography so that each address is associated with a pair of mathematically linked public and private keys that are held in the wallet. Because the problem is rooted in the operating system, every Bitcoin digital wallet generated by an Android app is affected by the weakness, including Bitcoin Wallet , blockchain.info wallet , Bitcoin Spinner , and...

The Bitcoin mining rig is becoming a popular alternative to people who want an easy way to earn the digital currency. All you have to do is plug the hardware that specializes in Bitcoin mining and run its customized software. After that, you can sit back and relax as it mines the digital currency for you. A popular eSports league has admitted that one of its employees harnessed the power of member's computers without their knowledge in order to mine Bitcoins. For a period of 2 weeks, gamers noticed that their computers were generating unusually high GPU loads and frequent BSOD errors. Some gamers stated that their GPUs were damaged due to them reaching temperatures above 90 degrees Celsius. The mining began on April 13th and affected thousands of gamers, who unwittingly mined over $3,700 worth of the currency. Eric Thunberg, co-owner of ESEA, stated that the Bitcoin miner was meant to be part of an April Fools joke, however, they weren't able to finish it in time. Th...