Google Cloud to detect crypto-mining malware on virtual machines

It’s a shot in the arm for Google Cloud users at risk of cryptocurrency mining attacks. The Security Command Center Team has created a threat detection service to shield “poorly configured” accounts that attackers use to mine cryptocurrency.  In a blog post, Google Cloud announced the Virtual Machine Threat Detection (VMTD) release in its Security Command Center (SCC) area. A means of scanning compute engines in Google Cloud, the VMTD successfully detects threats, including crypto-mining malware used inside virtual machines. Crypto-mining malware attacks, sometimes called “cryptojacking,” are an ongoing nuisance in…

Accounting Standards Are Key to Getting Digital Assets on Corporate Balance Sheets

Through the comment process, FASB received a significant response of 522 comment letters. Of these 522 responses, 445 (85% of the respondents) commented solely and exclusively on accounting standards for digital assets, providing feedback on the pervasive impact of digital assets and the need to prioritize standards setting. More than 50% of the respondents indicated that standard setting for digital assets should be considered as the highest priority for FASB. Source

Crypto Economy Recaptures $2 Trillion, Bitcoin Moves Back Into the World’s Top 10 Most Valuable Assets – Markets and Prices Bitcoin News

The crypto economy has jumped back above the $2 trillion mark after falling below that value in mid-January. Statistics indicate that the USD value of all 12,440 coins across 544 crypto exchanges is worth $2.08 trillion, up 5.2% during the last 24 hours. Crypto Economy Moves Northbound Past the $2 Trillion Mark Digital currency values have increased a great deal during the last week which has, in turn, pushed the overall value of the entire crypto-economy northbound. This means more than $500 billion returned to the crypto economy after the…

Why Crypto Market Is Going Down | Cryptocurrency News Today | Bitocoin Dump | Why Market Crash

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US Federal deposit insurer lists “crypto-asset risks” among its top priorities for the year

Martin J. Gruenberg, the acting chairman of the Federal Deposit Insurance Corporation, or FDIC, named “crypto-assets” among the agency’s key priorities in 2022, alongside addressing financial risks associated with climate change and promoting amendments to major federal statutes relevant to FDIC’s jurisdiction. A Feb. 7 statement outlines five key areas that the agency deems most important for its mission of maintaining public confidence in the U.S. financial system. Number four on the list is evaluating “crypto-asset risks.” Acknowledging the rapid pace with which digital asset-based products are becoming part of…

Bitcoin Hits $43,000 After Tesla Announcement – Bitcoin News

Following a strong weekend, bitcoin’s surge continued to start the week, as Tesla announced close to $2 billion worth of holdings in BTC. Overall, crypto markets were around 3% higher on Monday. Bitcoin Bitcoin, which consolidated for the majority of last week, moved closer to a three-week high today, climbing by as much as 3% as of writing. BTC/USD rose to an intraday high above $43,500.00 during Monday’s session, as markets reacted to the news that Tesla currently holds $1.9 billion in bitcoin. The move came as bitcoin marginally broke…

‘Wave of litigation’ to hit NFT space as copyright issues abound

Ownership is one of the most critical aspects of nonfungible tokens (NFT). They are a representation of the evolution of execution and ownership of art, content, music, in-game assets, etc., since they are digital assets with distinctive identities that are verifiable on a blockchain network. However, they have also created a new dimension of discussion about the interaction and grey area around copyright, intellectual property (IP) and trademark laws. In a recent highly publicized fiasco in the cryptoverse, crypto decentralized autonomous organization (DAO) Spice DAO was mocked for believing that…

Shiba Inu Barks At Bears With 25% Gains, But Social Media Continues To Trend Dogecoin

Leading altcoins like Shiba Inu saw decent gains as the global crypto market value rose past $1.71 trillion on the strength of Bitcoin’s climb above $42,000. Meme coins, on the other hand, still had the hearts of the crypto audiences, with Shiba Inu recording the largest market gains and Dogecoin, the top dog coin, remaining the most talked about crypto in social media after BTC. Interest Surge In Shiba Inu On Monday, the memecoin surged to $0.00002961, its highest level since January 18, as the cryptocurrency market saw fresh buying…

How El Salvador Is Mining Bitcoins With Volcanoes

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency is quite literally blowing up in Latin America right now. Why? Because of a visionary new scheme in El Salvador to mine Bitcoin using energy drawn from an active volcano. Could this bold initiative solve the nation’s chronic poverty, and silence crypto’s pesky environmentalist critics? SUGGEST A TOPIC Imagery supplied via Getty Images How El Salvador Is Mining Bitcoin With Volcanoes ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version