The total amount of bitcoin in circulation decreased by almost 9 in 2017 due to “burn” addresses. Burn addresses, like the Genesis Block, are deadlier than “zombie” addresses, because there is no chance of coming back once BTC is sent to it. There are almost 400 known bitcoin burn addresses, i.e. valid addresses with no private key, to which, for a variety of reasons, people have sent 2,759.42507135 over the years. In 2017, 9 of these addresses received 8.97140133 BTC. That is way down from 2016 when 26.04 BTC was burned. Continue reading 8.97 Bitcoins Burned In 2017
BitcoinWhosWho received many cloud mining fraud reports in December, but aside from the NiceHash hack, none were more remarkable than the SierraHash cloud mining scam. This multi-million dollar fraud was pulled off in just three weeks! More than 86,000 transactions since November 16 with a total received balance of 177.46647418 BTC as of yesterday.
The principle SierraHash bitcoin address:
As anyone who’s been ripped off by a bitcoin scam artist can tell you, how you buy, sell, hodl or otherwise transact in crypto is a matter of who to trust with your private key.
The most trustworthy bitcoin exchange & wallet in the United States is Coinbase.com.
Founded in 2012, Coinbase is one of the oldest and largest bitcoin exchanges still in operation. In addition to bitcoin, they also facilitate transactions in Ethereum, Litecoin and recently began offering Bitcoin Cash. For beginners and experts looking for hassle-free storage and best-in-class security there is no better option.
BitcoinWhosWho received a couple reports about a Coinbase support phone scam. 1-888-455-1155 is not a real Coinbase support number! It’s a fake that shows up in a lot of web search results.
The scam according to one report.
Users google “coinbase phone support” and get a phone number from google’s search results that leads them to a sophisticated scam in which an operator tells them to send money…
The scam has yielded at least 13.75 BTC so far.
BitcoinWhosWho received multiple independent reports of a new bitcoin ransom email threatening people with “I’ve got an order to remove you” circulating.
However, no blockchain transactions yet.
These are the reports as of Dec 11 2017: Continue reading Bitcoin Hitman Email
We received two somewhat convincing phishing emails recently from colnbase.support and myethenwallet.com. Hilarious misspelling aside, it’s not so funny if one of these scams tricks you into entering your private information on the bogus websites they provide.
BitcoinWhosWho does not have any bitcoin addresses associated, please report if you know any! Continue reading Don’t Be Fooled By Colnbase or MyEthenWallet Scams