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Report: Bitcoin Scam Compromising Google and Target Accounts Came from Third Party App

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By Ana Berman A recent Bitcoin scam on Twitter that compromised several major companies verified accounts came from a third-party app , tech news outlet the Next Web (TNW) reports Friday, Nov. 16, citing social media officials. Speaking to TNW, a Twitter spokesperson confirmed that the attack came from an outside software provider and not from Twitter’s own system. However, the official refrained from naming the app. The spokesperson reportedly explained that the attackers exploited a third-party marketing solution to launch a Bitcoin ( BTC ) giveaway from several verified accounts, including Google’s G Suite and major U.S. department store retailer Target. The information was implicitly confirmed by Target. Its representatives told TNW that the hackers used a third-party marketing app, authorized to post content on Target’s behalf. As Cointelegraph previously reported, on Wednesday, Nov. 14, hackers took over G Suite and Target accounts (800,000 and 1.92 mi...

Blockstream’s Liquid Sidechain Solution for Bitcoin Network Goes Live

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By Molly Jane Zuckerman | cointelegraph The Liquid Network sidechain for the Bitcoin (BTC) blockchain went live on Sept. 27, according to an Oct. 10 post from Blockstream. Blockstream is a blockchain development company founded in 2014, with Samson Mow as its CSO. The Liquid Network project, first announced in 2015, was then launched by Mow and Joseph Weinberg of Paycase in 2017 in order to allow for better liquidity between Bitcoin exchanges and brokers. According to Blockstream’s blog post, the Liquid blockchain generated its first block on Sept. 27, 2018 at 1:29 UTC with participation from 23 crypto industry members including Bitfinex, OKCoin, BitMEX, and the SIX Digital Exchange. The blog post explains that Liquid aims to allow for faster transactions with Bitcoin between businesses and individuals with the use of its features. These include a native Liquid Bitcoin (L-BTC) asset backed by a “two-way peg” to Bitcoin, Issued Assets bringing “bitcoin-...