Karan Balwani

Karan is a writer who shares an undying passion for technology, books and pets. For the past 7 years, he has worked in Business Development and PR before discovering his love for the written word. He regularly posts on his blog (www.k4b6.com) and is working on his debut novel.

Over Half of the World's Cryptocurrency Crimes Happen in the United States
Cryptocurrency News

Over Half of the World’s Cryptocurrency Crimes Happen in the United States

Group IB, the international cybersecurity firm reported that the overall rise in hacked accounts has grown by 369% since 2017. The information also revealed that 56% of these scams happen in the United States. Notably, there isn’t any cryptocurrency exchange that has been immune to these hacks. In fact, the …

Cryptocurrency ATMs - The Future of Money
Cryptocurrency News

Cryptocurrency ATMs – The Future of Money

As the market need for cryptocurrency grows, there is an increasing demand for ways to withdraw and swap cryptocurrencies. Many people prefer to avoid centralized financial institutions like banks. While others seek to access their crypto assets on the move. Cryptocurrency ATMs allow users to withdraw their currencies in fiat. …

Macau Citizens Hit by Cryptocurrency Scam
Cryptocurrency News

Macau Citizens Hit by Cryptocurrency Scam

Forger Esports, an e-sports and IT supplier based out of Hong Kong has recently defrauded Macau investors. This scam resulted in a loss of HK $20 million ($2.5 million USD) as reported by the Macau News Agency. More than 70 Macau residents spoke out about this incident as they were …

$300 Million Cryptocurrency Hub Being Built by Chinese Billionaire in the US
Blockchain News

$300 Million Cryptocurrency Hub Being Built by Chinese Billionaire in the US

Bruno Wu, A Chinese Billionaire is planning to build a cryptocurrency hub in Hartford, Connecticut. This FinTech college will cost upwards of $300 million. Mr. Wu’s company Seven Stars Cloud (SSC) has planned to make this crypto innovation hub which will transform the region into a “FinTech Village”.  Mr. Wu …

Cryptocurrency Startup Hacked - Loses 13.5 Million Dollars
Cryptocurrency News

Cryptocurrency Startup Hacked – Loses 13.5 Million Dollars

Bancor, the cryptocurrency conversion platform from Israel reported that the platform was victim to a security breach. This lead to the theft of over $13.5 million worth of digital tokens. $12.5 million dollars worth of Ethreum was stolen and $1 million worth of Pundi X tokens were stolen. Ethereum lost …

Smartphones Are the Best Way to Use Cryptocurrencies - Samsung
Cryptocurrency News

Smartphones Are the Best Way to Use Cryptocurrencies – Samsung

Cryptocurrency thefts are on the rise. In fact, there has been at least $761 million lost in scams and cyber crimes in 2018 so far. Blockchain security has been a major concern as of late. According to the tech giant Samsung, smartphones are the most secure way to store your …

Donald Trump's Fake Twitter Account Stealing Cryptocurrencies
Cryptocurrency News

Donald Trump’s Fake Twitter Account Stealing Cryptocurrencies

Even though Donald Trump has made plenty of absurd comments over Twitter. This continued even when he was elected the President of the United States. Given his track record, its easy to believe that Trump would be offering Bitcoins to his readers, though this could not be more further than …

Brazilian Crypto Exchange Wins Court Battle Against Bank
Cryptocurrency News

Brazilian Crypto Exchange Wins Court Battle Against Bank

Walltime, the Brazilian cryptocurrency exchange won a court case against Caixa Economica Federal bank. As a result, the bank is forced to unfreeze the exchange’s account to release funds amounting to $200,000. According to Portal do Bitcoin, a local news outlet, Walltime was able to win the preliminary injunction. This …

Employee Makes Billions by Secretly Mining Bitcoin on Office Computers
Crypto News

Employee Makes Billions by Secretly Mining Bitcoin on Office Computers

An office worker used office computers to secretly mine Bitcoin during off hours. Sergey Solonin, an ex-IT manager for Qiwi, the Russian firm was able to mine around 500,000 Bitcoins using surplus computer capacity when the offices were closed overnight. Qiwi is a Russian payment service provider which is a …

Steam Removes Abstractism from the Store Following Crypto Mining Allegations
Crypto Mining

Steam Removes Abstractism from the Store Following Crypto Mining Allegations

There has been an increasing number of incidents of cryptojacking lately. Companies like PirateBay and CBS’s Showtime have been guilty of exploiting crypto mining software to secretly mine cryptocurrencies on users’ computers. Last September, the game company Valve corporation removed 200 fake games from Silicon Echo Studios. These games were cheaply …