Day: December 16, 2018

Kaspersky reports 13 million cryptojacking ​attempts this year

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Crypto asset security is of vital importance According to reports coming from the cybersecurity firm Kaspersky, there has been been 13 million cryptojacking attempts so far this year. The report notes that the most cryptojacking attacks are carried out in Turkey, Africa and in the Middle East regions. The primarily, cryptojacking malware attacks involving mining of cryptocurrencies through the gathering computer resources from their victims is the most common method used by these crypto attackers.  The hijacking of resources from a computer itself in order to mine cryptocurrencies is not completely outrageous. However, users…

Confusing Regulation For Crypto, Full Clearance For Blockchain

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Individual US states seem to be in competition for the title of the most crypto-friendly in the Union – Ohio’s recent announcement of imminent crypto tax payments being the latest example. Meanwhile, federal authorities remain in disarray with regard to how to define, let alone consistently regulate digital assets. It is not just stakeholders and crypto buffs who bemoan the disorderly state of federal policies: their usual talking points have been recently validated by academics. In an article forthcoming in a Journal of Financial Transformation, University of Arkansas Law School professor…

Blockchain Could ‘Jeopardize the Safety’ of Current Financial Marketplace, DTCC Exec

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Fintech is believed to be a “systemic risk” to the broader economy, according to a survey conducted by the United States Depository Trust and Clearing Corporation (DTCC), Dec. 11. 20 percent of respondents to the so-called “DTCC Systemic Risk Barometer,” identified fintech among the system risks for the global economy in 2019. The results are up from 15 percent in last year’s survey. Stephen Scharf, DTCC’s Managing Director and Chief Security Officer, declared that the increased concern over fintech “demonstrates a growing awareness of the potential risk and highlights the…

The Daily: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins

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The Daily In today’s edition of The Daily, we feature a couple of stories from the U.S. political scene. President Donald Trump has chosen a known Bitcoin advocate as the Acting White House Chief of Staff. And a congressman proposes to fund the building of a barrier on the U.S.-Mexico border with a “Wall Coins” crowdsale offering. Also Read: Password Manager App Dashlane Mocks Cryptocurrency Owners Mick Mulvaney Moves Up in the Trump Administration U.S. President Donald Trump has announced on Friday that Mick Mulvaney, Director of the Office of…

On the 6th Day of Christmas Coinbase Gave Bitcoin to Syrian Refugees

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Coinbase decided to use 12 Days of Christmas promotion as their opportunity to help those in need and support GiveCrypto.org’s pioneering work. The exchange launched its new 12 Days of Coinbase initiative and is publishing new features and services every day. In Coinbase they believe that cryptocurrencies provide the easiest and most accessible way to give money directly to those in need. With GiveCrypto.org’s innovative approach, recipients can actually turn around and use crypto to buy what they need — immediately, without fees and delays. That’s why they’ve used Day…

Bitcoin Development Not Controlled by Anyone Says Crypto Veteran

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No one controls the focal point for Bitcoin development, said Jameson Lopp in his latest blogpost. The Bitcoin veteran, who has been a crucial part of crypto developments since the beginning, opened recently about how developers run the world’s biggest decentralized financial network without fragiling it. He also attempted to answer individuals and groups that criticize bitcoin core, a large group of software veterans, programmers and even newbies, for controlling the network’s present and future developments by taking unilateral decisions. How Bitcoin Development Works The central point throughout the Lopp’s…

Venezuelan Government Forcing Petro Down the Pensioners’ Throats

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The Government of Venezuela is reportedly taking pensioners’ bolivars from their accounts and replacing them with their cryptocurrency, the Petro. According to Caracas Chronicles, the elderly residents recently received their monthly pensions in Venezuela’s official currency. Their wallet service, dubbed as Motherland, sent a notification that their accounts were credited with 1,800 Bolivars. However, the pensioners received another similar information from Motherland on the same day, stating that their account was now credited with the Petro. Notably, the government took out pensioners’ Bolivars without their consent, repackaged it into Petro,…

Venezuelan Government Forcing Petro Down the Pensioners’ Throats

boss

The Government of Venezuela is reportedly taking pensioners’ bolivars from their accounts and replacing them with their cryptocurrency, the Petro. According to Caracas Chronicles, the elderly residents recently received their monthly pensions in Venezuela’s official currency. Their wallet service, dubbed as Motherland, sent a notification that their accounts were credited with 1,800 Bolivars. However, the pensioners received another similar information from Motherland on the same day, stating that their account was now credited with the Petro. Notably, the government took out pensioners’ Bolivars without their consent, repackaged it into Petro,…

Bitcoin Weekend News Crypto Currency Roundup December 16

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Bitcoin Weekend News The rundown: Bitcoin and all major currencies are up Sunday; Hong Kong based blockchain technology firm Alphaslot closes a multimillion USD investment round; Phore Blockchain partners with blockchain telecom firm World Mobile; Coincheck parent company Monex Group launches a crypto exchange in the U.S.; A French member of parliament recommends investing €500 million in blockchain technology; and Blockchain company Quanta acquires a stake in International Lottery and Gaming. Here is what is happening in the cryptocurrency market over the weeknd. SEE: US Energy Initiatives Now Owns $5.1…

Block Mirror: 3 Ways Blockchain Could Make Life a Futuristic Dystopian Nightmare

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Block Mirror: 3 Ways Blockchain Could Make Life a Futuristic Dystopian Nightmare December 16, 2018 by Robert DeVoe We all think of blockchain technology as being this world-changing, democratizing, freedom granting entity that will usher humanity into a new utopia. But what if that’s not true? What if instead, blockchain brings in an era of Black Mirror-like technology gone mad? In this article, we’re going to go over a few possible scenarios where blockchain could become your worst futuristic nightmare come to life. Also read: Stablecoins: Bad Money For the Modern…