Category Archives: gemini

The Winklevoss stablecoin is one small step toward crypto acceptance

A stablecoin is a cryptocurrency pegged 1-to-1 with another “stable” currency. In most cases, these coins are pegged to the US dollar and, as such, allow for true transfers of actual fiat currencies between parties using the blockchain. If you’re nodding off right now thinking about this, I would posit that these moves, however minor right now, are an important step forward in cryptocurrency acceptance. The latest stablecoin to hit the virtual streets is the Gemini Dollar. This coin comes on the heels of the much-ridiculed Tether, […]

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SIM swap hacker caught in Florida

Florida police have arrested 25-year-old named Ricky Joseph Handschumacher. The young man is suspected of grand theft and money laundering. Handschumacher used SIM Swapping techniques to steal thousands in Bitcoin and to “drain bank accounts” according to security researcher Brian Krebs. Handschumacher’s scam was simple: he called+ telecom operators and ask them to swap his SIM card for the victim’s SIM card. This, in turn, gave him access to two-factor authentication techniques via SMS and allowed him to access email accounts, bitcoin wallets, and file storage systems. […]

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