May. 9, 2018
On Monday, Bitcoin ABC said in a security advisory that a critical vulnerability has been found in Bitcoin ABC version 0.17.0 which has the potential to cause an unintended split in the Bitcoin Cash network. In order to exploit the vulnerability, an attacker would need to construct a malicious transaction which could be accepted into Bitcoin ABC and consequently mined into a block. Once this block has been established, the block would then reject all other versions of Bitcoin Cash compliant implementations.
May. 8, 2018
A mass hacking campaign that targets a critical vulnerability in the Drupal content management system has converted more than 400 government, corporate, and university websites into cryptocurrency mining platforms that surreptitiously drain visitors’ computers of electricity and computing resources, a security researcher said Monday. Sites that were hacked included those belonging to computer maker Lenovo, the University of California at Los Angeles, the US National Labor Relations Board, the Arizona Board of Behavioral Health Examiners, and the city of Marion, Ohio, Troy Mursch, an independent security researcher, told Ars on Monday. The Social Security Institute of the State of Mexico and Municipalities, the Turkish Revenue Administration, and Peru’s Project Improvement of Higher Education Quality were also affected.
May. 6, 2018
The company recently canceled the public sale piece of its ICO, the Wall Street Journal reported this week, after it raised $1.7 billion from private sale investors, according to SEC filings. But the issues date back further.
Source: techcrunch.com
May. 4, 2018
Because we live in a meme-saturated hellworld, meat and cold cut company Oscar Mayer is running a promotion called “Bacoin,” a cryptocurrency-inspired redemption program designed to get people to promote bacon on social media. This is lame and I’m sorry to have made you read that, but dear reader, something has happened that makes this branding play improbably, unbelievably, sort of interesting.
May. 3, 2018
To spread itself further like a worm, the malware requests OAuth access token for the Facebook account of the victim, using which it then automatically obtains the victim’s friend list and sends that malicious, fake YouTube video link to them as well.
Source: thehackernews.com
May. 3, 2018
Cryptocurrencies came into being with an anti-bank fervor that still runs hot in the technology community. Libertarians see Bitcoin and the rest as an alternative to fiat money controlled by financial institutions and the government. But the quest to create a cryptocurrency with a stable $1 value—a so-called “stable coin”—has startups acting like banks.
Source: vice.com
Apr. 29, 2018
The Ultimate Resource List For Crypto Traders & Investors.
Source: cryptotrader.tax
Apr. 27, 2018
This morning when I opened up my inbox, I had around 150 alert emails from the the logging tool I use. I immediatly though I must have pushed a nasty bug to production and started investigating. I quickly realized some guy was creating new accounts really fast on our screenshot API service and was rapidly using all the free plan credit.
Apr. 27, 2018
The ShadowBrokers’ release of a trove of National Security Agency exploits last year appears to be the gift that keeps on giving, to the hacker community at least: A fresh malware that uses the EternalRomance tool has hit the scene, with Monero-mining as the stated goal. However, more damaging follow-on attacks are likely the endgame.
Source: threatpost.com
Apr. 26, 2018
Kromtech Security said that it found the unprotected data on March 30, adding that it included a treasure-trove of information ranging from “full names, (street) addresses, email addresses, encrypted passwords, wallet information, along with links to scanned passports, driver’s licenses and other IDs,” according to the researchers.
Source: threatpost.com
Apr. 26, 2018
Today’s most widely used stable cryptocurrency, called Tether, claims to back each unit of its currency with a dollar of hard currency reserves. However, the company has a poor transparency record, causing critics to wonder if Tether might not actually have reserves backing all of the cryptocurrency in circulation as it claims.
Source: arstechnica.com
Apr. 26, 2018
The broad definition of a BGP leak would be IP space that is announced by somebody not allowed by the owner of the space. When a transit provider picks up Cloudflare’s announcement of 1.1.1.0/24 and announces it to the Internet, we allow them to do so. They are also verifying using the RIR information that only Cloudflare can announce it to them.
Source: cloudflare.com
Apr. 24, 2018
I am often asked, directly, whether I think this coin or that one is a security (and thus required to be registered with the SEC before being offered to the public) or not. Virtually every time I demur.
Source: prestonbyrne.com
Apr. 24, 2018
On Monday, Guri published a new paper that applies the same exfiltration techniques to ‘cold wallets,’ which are not stored on devices connected to the Internet. The most effective techniques take only seconds to siphon a 256-bit Bitcoin key from a wallet running on an infected computer, even though the computer isn’t connected to any network. Guri said the possibility of stealing keys that protect millions or billions of dollars is likely to take the covert exfiltration techniques out of the nation-state hacking realm they currently inhabit and possibly bring them into the mainstream.
Apr. 23, 2018
Soon after a launch of a new cryptocurrency, Bitvote, in January, Talos discovered a new mining campaign affecting systems in India, Indonesia, Vietnam and several other countries that was tied to Bitvote.
Source: talosintelligence.com
Apr. 23, 2018
The value of cryptocurrencies across the board skyrocketed last year due to speculative investing, and it feels as though early attempts to position digital money as a populist and democratic alternative to traditional finance are falling apart at the seams. But cryptocurrency has always been about the rich getting richer.
Source: vice.com
Apr. 22, 2018
New Morgan Stanley analysis reckons that Bitcoin, currently a little over $8,300, needs to clear $8,600 in order for mining to be profitable.
Source: fortune.com
Apr. 22, 2018
Coin burning, if you’re not familiar, is a well-trod path to inflating the value of a cryptocurrency with a fixed supply, like Bitcoin Cash. The value of coins with a fixed supply is based on increasing demand and steadily decreasing supply. If you can accelerate the diminishment of available coin stock, then theoretically that should increase demand for the remaining supply and, in turn, the coin’s value.
Apr. 22, 2018
All of the transaction data for Bitcoin and other cryptocurrencies are stored in a public ledger known as Blockchains. The tax office has been admitted generous access to bank transfers and other data, which enables identifying people. By matching the transfers it is evident that in the past most citizens have not reported profits made with virtual currencies.
Source: metropolitan.fi
Apr. 19, 2018
The patent, which was filed in 2014 but approved on Tuesday, comes at a time when regulators’ desire to track and police cryptocurrency is running up against the technology’s core promises of pseudonymity for users. Bitcoin users, for example, are represented in the virtual currencies ledger by strings of text and numbers generated by a cryptographic algorithm. Taxation for Bitcoin thus relies on self-reporting.