Amid IRS bounty and competitor progress, Monero developers ship a major update

First announced in September, Monero developers today went live with a network update featuring a new version of its node software, codenamed ‘Oxygen Orion.’ The product of 30 contributors, the update promises significant improvement across nearly all aspects of the privacy-focused cryptocurrency’s performance. 

The highlight of the new update is the compact linkable . . . → Read More: Amid IRS bounty and competitor progress, Monero developers ship a major update

Top 5 cryptocurrencies to watch this week: BTC, XRP, ADA, XMR, ATOM

In the past three years the U.S. Securities and Exchange Commission has shot down several applications for a Bitcoin (BTC) exchange-traded fund. This dashed hopes of many investors who believed Bitcoin price would rally higher if an EFT was approved. 

Although investors no longer pin BTC’s future on the existence of an ETF, . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, XRP, ADA, XMR, ATOM

DOJ says use of privacy coins is ‘indicative of possible criminal conduct’

A new report from the U.S. Department of Justice alleges that crypto traders dealing with coins like Monero, Dash, and Zcash are inherently engaging in “high-risk activities.”

According to the “Report of the Attorney General’s Cyber Digital Task Force” released by the DOJ on Oct. 8, anonymity enhanced cryptocurrencies, or AECs, undermine and . . . → Read More: DOJ says use of privacy coins is ‘indicative of possible criminal conduct’

Top 5 cryptocurrencies to watch this week: BTC, ADA, XMR, ATOM, VET

Investors are concerned about the stability of the cryptocurrency market after it was faced with a flurry of adverse news in the past few days.

Fortunately, the markets have matured to the extent that negative news no longer provokes wild price swings like they once did in crypto’s early days.

The . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, ADA, XMR, ATOM, VET

Dash should not be considered a privacy coin, Dash team says

Once viewed as one of the crypto industry’s top privacy-focused assets, Dash (DASH) no longer operates under that classification, according to the Dash Core Group, the body overseeing the asset and its development. 

When asked if Dash should remain under the category of a privacy asset, Fernando Gutierrez, CMO for the Dash Core Group, told . . . → Read More: Dash should not be considered a privacy coin, Dash team says

Open sesame: Will ‘cracking’ Monero reveal treasure or fool’s gold?

Recently, the United States Internal Revenue Service caused a stir in the crypto community when it put a bounty on the head of anonymity-focused crypto-asset Monero (XMR), offering $625,000 to anyone who could effectively track the purportedly untraceable asset. As the crypto and blockchain industry values anonymity and privacy, questions arise on the . . . → Read More: Open sesame: Will ‘cracking’ Monero reveal treasure or fool’s gold?

Cashless future ahead? Utopian digital dream with dystopian inequality

In Sweden, cash in circulation represents only 1% of the country’s gross domestic product, and some experts predict the nation will go “totally cashless” by 2023. In China’s largest cities, over 90% of people use WeChat Pay and Alipay as their primary payment method, with cash a distant second. 

It may seem that . . . → Read More: Cashless future ahead? Utopian digital dream with dystopian inequality

US Treasury warns crypto firms not to reimburse unknown ransomware victims

Two offices of the U.S. Department of the Treasury have issued advisories on ransomware payouts, which they say pose a threat to national security. The Financial Crimes Enforcement Network or FinCen reminded cryptocurrency processing companies of their duty to file suspicious activity reports when they have a reason to suspect that their services are being . . . → Read More: US Treasury warns crypto firms not to reimburse unknown ransomware victims

Chainalysis and Texas firm win million-dollar IRS contract to crack Monero

On Wednesday, the IRS awarded two $625,000 contracts looking for tracing tools for privacy token Monero and Layer 2 protocols. The winners were blockchain analytics firms Chainalysis and Integra FEC.

The IRS initially publicized its quest for a privacy-busting analytics solution at the beginning of the month. An IRS representative told . . . → Read More: Chainalysis and Texas firm win million-dollar IRS contract to crack Monero

Gemini crypto exchange adds shielded withdrawals for privacy coin Zcash

Gemini, a cryptocurrency exchange founded by the Winklevoss twins, aims to improve user privacy with a major privacy token, Zcash (ZEC).

Starting Sept. 29, Gemini will support shielded withdrawals of ZEC, which allows users to hide their transaction data.

Gemini representatives said that the new feature is the “first time shielded ZEC withdrawals . . . → Read More: Gemini crypto exchange adds shielded withdrawals for privacy coin Zcash

Regulation is coming, Uniswap controversy, how many use crypto worldwide: Hodler’s Digest, Sept. 21–27

Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers!

Top Stories This Week European Commission unveils digital finance package for crypto and blockchain

The days of murky legal waters and uncertainty for the crypto industry could be coming to an end if the . . . → Read More: Regulation is coming, Uniswap controversy, how many use crypto worldwide: Hodler’s Digest, Sept. 21–27

Top 5 cryptocurrencies to watch this week: BTC, NEO, XMR, ADA, LINK

The total crypto market capitalization has recovered from the Sep. 6 lows near $314 billion but it is struggling to sustain above the $350 billion mark, which shows that higher levels continue to attract sellers.

Bitcoin’s (BTC) dominance fell from above 68% in mid-May to about 56% in the first half of this . . . → Read More: Top 5 cryptocurrencies to watch this week: BTC, NEO, XMR, ADA, LINK

Law Decoded: E Pluribus SHA-256

By way of disclaimer, today’s Law Decoded is going to be especially America-centric. Writing to you from the ghastly swamp that is Washington, D.C., I generally try to keep these newsletters more globally minded, displeased as I am with how often the news cycle acts like this town is the center of the . . . → Read More: Law Decoded: E Pluribus SHA-256

XMR workgroup says IRS should study Monero — not try to break it

The United States Internal Revenue Service has better ways to spend taxpayer dollars than offering bounties to break Monero’s (XMR) privacy, a Monero working group says.

After the IRS announced it is offering up to $625,000 to anyone who can break Monero, a major Monero-focused workgroup expressed their take on the matter.

A . . . → Read More: XMR workgroup says IRS should study Monero — not try to break it

New US Treasury sanctions on Russian hackers hit Monero address

Per its Wednesday additions to its list of sanctioned individuals, the United States Treasury Department is targeting Monero (XMR) addresses.

Russian nationals Dmitriy Karasavidi and Danil Potekhin have become the newest names on the specially designated nationals list. According to the Treasury’s announcement on the subject, the two engineered an elaborate phishing campaign targeting U.S. citizens . . . → Read More: New US Treasury sanctions on Russian hackers hit Monero address

Privacy coins ‘pose less risk of money laundering than other coins’

Privacy coins including Monero, Dash, Grin, and Zcash pose less of a risk of money laundering than other cryptocurrencies according to a report by a global law firm.

According to a new white paper released by U.S. international law firm Perkins Coie, anti-money laundering (AML) measures taken by regulatory bodies worldwide . . . → Read More: Privacy coins ‘pose less risk of money laundering than other coins’

Many cloud servers are still at high risk of being hijacked for crypto mining

According to a study published by cybersecurity firm, Aqua Security, cloud servers remain a major target for cryptojacking — a type of attack whose main motivation is to mine cryptocurrencies.

The “2020 Cloud Native Threat Report” states that between the second half of 2019 and the first half of 2020, attacks . . . → Read More: Many cloud servers are still at high risk of being hijacked for crypto mining

Law Decoded: Governments vs. blockchain privacy, Sept. 4-11

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. 

Editor’s note

One of the most persistent myths about Bitcoin is its supposed anonymity. More properly termed pseudonymity, BTC wallets are permanently tied to their public keys. Most of you know that. . . . → Read More: Law Decoded: Governments vs. blockchain privacy, Sept. 4-11

The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

The United States Internal Revenue Service has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins such as Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network. 

The official proposal, published last week, says the IRS will accept submissions in the form of . . . → Read More: The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning

Researchers are calling this new malware a triple threat for crypto users

Cybersecurity experts at ESET published an in-depth study about a new malware named “KryptoCibule.” This exploit specifically targets Windows users with three methods of attack, including by installing a crypto mining app, directly stealing crypto wallet files, and replacing copy/pasted wallet addresses as a means to hijack individual transactions.

According to . . . → Read More: Researchers are calling this new malware a triple threat for crypto users

Who cares about privacy? Not crypto users, says Coin Metrics

The overwhelming majority of crypto transactions do not include privacy tokens, with most traders choosing to move funds transparently rather than privately.

According to crypto analytics firm Coin Metrics’ Sept. 1 State of the Network report, the combined daily transactions of three privacy coins, Zcash (ZEC), Monero (XMR), and Grin (GRIN), equated to . . . → Read More: Who cares about privacy? Not crypto users, says Coin Metrics

CipherTrace develops Monero-tracing tool to aid US DHS investigations

Privacy and anonymity are the primary benefits of cryptocurrency, yet due to the transparent nature of blockchain technology, crypto transactions are not as anonymous as some may think. Rather, Bitcoin (BTC) and other cryptocurrencies are pseudonymous, as each transaction on a blockchain network is transparent, making it possible to trace wallet addresses back . . . → Read More: CipherTrace develops Monero-tracing tool to aid US DHS investigations

6 Questions for Rob Viglione of Horizen

Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!

This week our 6 Questions go to Rob Viglione, co-founder of Horizen.

Rob is the team lead at Horizen, a blockchain . . . → Read More: 6 Questions for Rob Viglione of Horizen

Browser-based cryptojacking is back as attacks spike 163%

The crypto price surge since March has been accompanied by a wave of cryptojacking attacks according to new research published by cybersecurity firm Symantec.

According to the company there was a 163% increase in browser-based cryptojacking activity in the second quarter of 2020. Cryptojacking had previously been in a steep decline . . . → Read More: Browser-based cryptojacking is back as attacks spike 163%

Australian exchanges delist privacy coins amid Chainalysis integration

Pressured by external forces, two Australian exchanges have begun to delist a number of privacy coins including Monero (XMR) and Bytecoin (BCN).

On August 24, YouTuber Alex Saunders tweeted a screenshot of what appears to be an announcement from the Australian exchange, Coinspot. This announcement seemed to suggest that several privacy coins were going . . . → Read More: Australian exchanges delist privacy coins amid Chainalysis integration

Monero Cryptojacking Malware Targets Higher Education

According to a study published by Guardicore Labs, a malware botnet known as FritzFrog has been deployed to ten millions of IP addresses. The malware has largely targeted governmental offices, educational institutions, medical centers, banks, and telecommunication companies, installing a Monero (XMR) mining app known as XMRig.

Guardicore Labs explains that . . . → Read More: Monero Cryptojacking Malware Targets Higher Education

Did Jack Daniels Thwart a Ransomware Attack or Not?

Ransomware gang REvil, known also as Sodinokibi, claims to have mounted a successful attack against the U.S. wine and spirits giant, Brown-Forman Corp — but the company claims otherwise.

The company is the official manufacturer of Jack Daniels whiskey.

According to cybersecurity services provider, AppGate, the famous alcoholic beverages . . . → Read More: Did Jack Daniels Thwart a Ransomware Attack or Not?

Researchers Detect Crypto-Mining Worm to Steal AWS Credentials

Cybersecurity researchers have detected what they believe to be the first ever stealth crypto mining campaign to steal Amazon Web Services (AWS) credentials.

The mining campaign was described as being relatively unsophisticated by Cado Security in their report on Aug. 17. In total, it seems so far to have only resulted in . . . → Read More: Researchers Detect Crypto-Mining Worm to Steal AWS Credentials

Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause

It’s no secret that women are underrepresented in the technology and financial industries. In the U.S, women only hold a quarter of computing-related jobs. Some sectors, like software engineering, fare even worse, with female representation as low as 15%.

And now along comes blockchain, a technology that promises a global revolution through decentralization. . . . → Read More: Championing Blockchain Education in Africa: Women Leading the Bitcoin Cause

Russia’s New Crypto Analytics System to Track Dash and Monero

A major financial watchdog in Russia is developing a new cryptocurrency analytics tool to trace major cryptos like Bitcoin (BTC) and privacy coins.

Russia’s Federal Financial Monitoring Service, a federal service combating money laundering and terrorist financing, is reportedly planning to build a new analytics platform for tracking cryptocurrency transactions via . . . → Read More: Russia’s New Crypto Analytics System to Track Dash and Monero

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, XRP, XMR, XTZ

The U.S. markets have rallied sharply from their March lows, led by the tech sector and Fed injections designed to hold up the ailing economy. 

Markets across the globe have also joined the party as a steady economic recovery from the coronavirus pandemic picks up steam. 

The fast-paced rally in global . . . → Read More: Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, XRP, XMR, XTZ

Monero’s Hashrate Experienced Its Largest Single Day Gains Ever

August 6, Monero (XMR) has experienced its biggest increase in hashrate since the network’s creation in 2014.

Monero hashrate. Source: Coin Metrics.

The Monero hashrate increased from 1.67 GH/s on August 5 to 2.2 GH/s on August 6. That 0.52 GH/s single day gain is the highest in the project’s history. . . . → Read More: Monero’s Hashrate Experienced Its Largest Single Day Gains Ever

Crypto, Meet Fiat. You Two Should Get A Coffee Sometime

“We accept Bitcoin here” signs remain few and far between, even online. A handful of studies suggest merchants would be happy to accept digital currencies due to the lower transaction fees involved. But volatility is a major concern, and judging by another wild week in crypto it will continue to be so.

Commerce is . . . → Read More: Crypto, Meet Fiat. You Two Should Get A Coffee Sometime

July

Cointelegraph Magazine is a new publication that goes beyond the daily news and delves much more deeply into the stories, trends, and personalities that inspire cryptocurrency and blockchain conversations around the world.

We are people-centric, delving into *why* the true believers of blockchain feel they can change the world (and why they . . . → Read More: July

North Korea’s Crypto Extortion Efforts Have Expanded Considerably in 2020

A group of hackers associated with the North Korean regime have kept their crypto extortion efforts alive in 2020.

A group of North Korean hackers operating under the name “Lazarus” targeted several crypto exchanges last year, according to a report published by Chainalysis.

One of the attacks involved the creation . . . → Read More: North Korea’s Crypto Extortion Efforts Have Expanded Considerably in 2020

The Becoming of Bitcoin: A Narrative Untainted by Illusions of Truth

Understanding Bitcoin as something static — as some ‘thing’ with a solidified identity — is not understanding Bitcoin at all.

Bitcoin is not being. Bitcoin is becoming. The perpetuation of its identity is not terminal but rather instrumental to something else. Bitcoin maintains identity so that it can serve its meaning. And, like . . . → Read More: The Becoming of Bitcoin: A Narrative Untainted by Illusions of Truth

An Investment in Knowledge Pays the Best Interest: The Parlous State of Financial Education

They say that education prepares you for later life. For many sleep-deprived teenagers staggering through the corridors on a Monday morning, this is the sole motivation to learn — the hope that upon graduation, they will be equipped with the tools and wisdom necessary to navigate the intimidating minefield of adulthood.

So it . . . → Read More: An Investment in Knowledge Pays the Best Interest: The Parlous State of Financial Education

Coinbase CEO: Exchange Won’t List XMR Due to ‘Issue With Regulators’

Brian Armstrong says Coinbase won’t be listing privacy coins like Monero (XMR) as they’re still untested grounds for regulators in the United States.

In a July 24 interview with Peter McCormack on his “What Bitcoin Did” podcast, Armstrong said he wanted to take a more conservative approach with Coinbase so the . . . → Read More: Coinbase CEO: Exchange Won’t List XMR Due to ‘Issue With Regulators’

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, ADA, XMR, CRO

The total crypto market capitalization has reached $300 billion for the first time since mid-February, which is a huge positive as it suggests increased investor interest in cryptocurrencies. The interest has largely been in smaller altcoins with Bitcoin (BTC) taking a back seat until early this morning. 

Even Ether (ETH) recently joined the . . . → Read More: Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, ADA, XMR, CRO

Regulatory Attention and Fraudsters: Bad Crypto News of the Week

It’s been a good week for Bitcoin. The dollar price is up more than 3 percent to around $9,500. That $10,000 ceiling is looking more fragile than ever. One sign that the ceiling may be about to break is the decline in Google searches for “Bitcoin.” According to Google Trends, search interest is . . . → Read More: Regulatory Attention and Fraudsters: Bad Crypto News of the Week

6 Questions for Hugo Renaudin of LGO

Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!

This week our 6 Questions go to Hugo Renaudin, CEO and co-founder at LGO Group.

LGO is designed to be a . . . → Read More: 6 Questions for Hugo Renaudin of LGO

Journeys in Blockchain: Charlie Lee of the Litecoin Foundation

“It was kind of crazy to leave Google.”

Charlie Lee was a software engineer for YouTube, which had become part of the world’s dominant technology company. He loved the start-up feel. “You get to work on really cool, new stuff, except that it’s a start-up that’s guaranteed to succeed.” Anything Google launches, he . . . → Read More: Journeys in Blockchain: Charlie Lee of the Litecoin Foundation

Watch Out for This Cryptojacking Botnet That Steals Data From Its Victims

The threat intelligence team at Cisco Systems discovered a new cryptojacking botnet named “Prometei.” This botnet both mines Monero (XMR) and steals data from the targeted system.

According to the paper sent to Cointelegraph, the botnet has been active since May. It relies on 15 executable modules to recover administrator . . . → Read More: Watch Out for This Cryptojacking Botnet That Steals Data From Its Victims

Aligned Incentives: Accelerating Passive Crypto Adoption

Ask any politician, parent, or social scientist: getting people to change their behavior is hard. The default setting is business as usual, carry on doing things the way we’ve always done them. And changing that takes directional applied effort — Newton wasn’t wrong.

The more entrenched the original behavior, the more difficult it is . . . → Read More: Aligned Incentives: Accelerating Passive Crypto Adoption

How Activist Investors Could Change The Crypto Landscape

For years the crypto industry has clamored for more attention from institutional investors. Big name investors are seen as a legitimizing force that will help open the floodgates for capital, and the doors to greater adoption. 

However, that is just one side of it. Fund managers have one primary responsibility — making money for . . . → Read More: How Activist Investors Could Change The Crypto Landscape

Major Argentine Telecom Falls Victim to $7.5M Monero Ransomware Attack

Telecom, Argentina’s largest telecommunications company, has fallen victim to a ransomware attack. Hackers are demanding $7.5 million in Monero (XMR) — an amount that will rise to $15 million if the company does not pay within 48 hours.

Argentina’s major telephone company, Telecom, just got hacked. Hackers requesting a ransom . . . → Read More: Major Argentine Telecom Falls Victim to $7.5M Monero Ransomware Attack

A Hacker is Attempting to Sell a Las Vegas Hotel Database for Crypto

The MGM Resort suffered a massive data breach in 2019 that left 142 million hotel guests exposed. A hacker is now selling the stolen database for roughly $2,900.

According to the information revealed by ZDNet, a dark web marketplace claims that data from 142,479,937 MGM hotel guests are on sale. Preferred . . . → Read More: A Hacker is Attempting to Sell a Las Vegas Hotel Database for Crypto

Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

Bitcoin educator Andreas Antonopoulos says he would like to see more privacy features on Bitcoin, but they’re unlikely to happen anytime soon.

In a livestream Q&A on Antonopoulos’ YouTube channel on July 7, he said Bitcoin (BTC) was unlikely to ever implement privacy features similar to those used by Monero (XMR).

. . . → Read More: Bitcoin Will Never Be Truly Private Says Andreas Antonopoulos

The US Secret Service Issues Ransomware Warning

The U.S. Secret Service issued a warning about an increase in hacks targeting managed service providers, or MSPs, of both the U.S. private sector and various government entities.

According to a document published by ZDNet on June 7, threat actors have been widely relying on ransomware attacks, point-of-sale intrusions, and business . . . → Read More: The US Secret Service Issues Ransomware Warning

Why Isn’t BCH Way More Popular on the Dark Web?

According to crypto advocate Roger Ver, Bitcoin Cash (BCH) is the only “recent” coin to be widely used on the dark web. “The only other coins being used on the darknet markets are the coins that have been around for a long time like Bitcoin, of course, then Monero,” Ver said.

Coinelegraph’s . . . → Read More: Why Isn’t BCH Way More Popular on the Dark Web?

South Korea Looks to Track Crypto Transactions in Light of Recent Scandal

The Korea Internet and Security Agency, or KISA, plans to develop an artificial intelligence-based software to trace cryptocurrency transactions on the dark web in response to the Telegram Nth Room sexual ring case.

According to New Daily, the government has been working on solutions since January, as authorities faced difficult obstacles . . . → Read More: South Korea Looks to Track Crypto Transactions in Light of Recent Scandal

Diabolical Malware Targets Windows Users to Mine Monero

On June 24, security experts from Palo Alto Networks’ Unit 42 warned about a new self-propagating malware that launches cryptojacking and DDoS attacks against Windows systems. The software operates under the name “Lucifer”.

According to the study, Lucifer is a hybrid of cryptojacking and DDoS malware that leverages old vulnerabilities . . . → Read More: Diabolical Malware Targets Windows Users to Mine Monero

ISIS-Affiliated News Website to Collect Donations with Monero

The terrorist organization known as the Islamic State of Iraq and Syria, or ISIS, is beginning to switch to Monero (XMR) to accept donations from the public.

As reported by blockchain intelligence company, Whitestream, and independently confirmed by Cointelegraph, a news website affiliated with the terrorist organization and the jihadist movement has . . . → Read More: ISIS-Affiliated News Website to Collect Donations with Monero

Celebrities May Have Their Dirty Secrets Exposed if Crypto Ransom Is Unpaid

The REvil ransomware gang says that they will auction over 1TB of data stolen from New York-based entertainment law firm, Grubman Shire Meiselas & Sacks. This data allegedly contains the “dirty” secrets of a number of celebrities. REvil claims that the contents involve sex scandals, drugs, and treachery.

Nicki Minaj, LeBron . . . → Read More: Celebrities May Have Their Dirty Secrets Exposed if Crypto Ransom Is Unpaid

Debit Card Data Auctioned on Dark Web After Ransom Goes Unpaid

The REvil ransomware gang is auctioning off sensitive information, stolen from debit card services provider, Interacard.

According to REvil’s website, the information is available in an auction listing published by the group. All prospective bidders are required to pay using Monero (XMR).

REvil has previously only auctioned data in . . . → Read More: Debit Card Data Auctioned on Dark Web After Ransom Goes Unpaid

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, ADA, LEO, XMR

Only about 3.5 million Bitcoin (BTC) are available for trading, according to new data from blockchain analytics firm Chainalysis. The remaining 11.4 million are held as long-term investment and 3.7 million are believed to be lost. 

This suggests that if institutional investors enter the crypto space and invest for the long-term, the tradeable . . . → Read More: Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, ADA, LEO, XMR

Australian Beverage Giant Faces Monero Ransom Demand of Nearly $1M

Another ransomware attack has hit the Australia-based drinks manufacturer, Lion. This is the second attack on the company in less than one week. The cybercriminals behind the attack are threatening to double the ransom amount if Lion does not pay by the specified date. The currency of choice for the particular attack . . . → Read More: Australian Beverage Giant Faces Monero Ransom Demand of Nearly $1M

Agents of Influence: He Who Controls The Blockchain, Controls The Cryptoverse

Nobody is in charge of Ethereum. It suffers from a chronic lack of governance, a lack of structure.  And as a result, it is in crisis. 

That’s one theory, anyway.

“Ethereum governance has failed. We are a de facto technocracy, where a small group of technocrats, the core devs, have final say over . . . → Read More: Agents of Influence: He Who Controls The Blockchain, Controls The Cryptoverse

Website Compiles List of KYC-Free Exchanges, Along With Some Warnings

A new website seeking to compile an active list of every cryptocurrency exchange that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer, or KYC, verification.

Kycnot.me is only concerned with exchanges that support Bitcoin (BTC) or Monero (XMR), asserting that BTC is the largest crypto . . . → Read More: Website Compiles List of KYC-Free Exchanges, Along With Some Warnings

Microsoft Azure Machine Learning Clusters Cryptojacked to Mine Monero

Microsoft announced on June 10 that it had discovered a number of cryptojacking attacks on powerful machine-learning clusters on its Azure cloud computing network.

In a blog-post, the company said that some customers had misconfigured nodes, allowing attackers to hijack them to mine the privacy-focused cryptocurrency Monero (XMR).

Default settings overridden . . . → Read More: Microsoft Azure Machine Learning Clusters Cryptojacked to Mine Monero

Botnet Exploits SQL Servers to Install Crypto Mining App

Recent reports revealed that a group of hackers behind the Kingminer botnet targeted vulnerable Microsoft SQL server databases to mine cryptocurrencies at some point in the second week of June.

According to the cybersecurity firm Sophos, the attackers used the botnet, active since 2018, to exploit the BlueKeep and EternalBlue vulnerabilities, . . . → Read More: Botnet Exploits SQL Servers to Install Crypto Mining App

Ransomware Gangs Are Teaming Up to Form Cartel-Style Structures

Recent ransomware attacks from well-known cybercriminal groups have been suggesting that gangs are forging cartel-style alliances to pressure their respective victims to pay the ransom requests.

Cointelegraph has obtained access to what seems to be a darknet site that belongs to the Maze group. On the site, Maze has been leaking . . . → Read More: Ransomware Gangs Are Teaming Up to Form Cartel-Style Structures

You Say You Want a Revolution: What Blockchain Can Learn from One Man’s Attempt to Save the World

“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”

R. Buckminster Fuller

The world is beset by wicked problems. 

Due to their scale, complexity, interconnectedness, and the persistent lack of information which makes it difficult for us to see all of . . . → Read More: You Say You Want a Revolution: What Blockchain Can Learn from One Man’s Attempt to Save the World

Chainalysis Can Now Track Your ‘Privacy Coins’ Zcash & Dash

On June 8, Chainalysis announced support for privacy coins Zcash (ZEC) and Dash (DASH) making it easy for the law enforcement to track them.

Calling Dash a privacy coin is a misnomer

The company claims that it can trace the vast majority of Zcash and Dash transactions due to the fact . . . → Read More: Chainalysis Can Now Track Your ‘Privacy Coins’ Zcash & Dash

Law Enforcement Is Starting to Make Criminals Doubt the Dark Web

A new study revealed that dark web marketplace users are starting to lose trust due to authorities’ crackdowns and “current volatility” within the landscape, which results in instability for the darknet sites to establish a fixed presence.

According to cybersecurity company Trend Micro on Sunday, crackdowns on marketplaces Dream Market, Wall . . . → Read More: Law Enforcement Is Starting to Make Criminals Doubt the Dark Web

South Korean Prosecutors Freeze Crypto Wallets of Suspected Child Porn Ring Chief

On June 2, a South Korean court ordered a freeze on all the cryptocurrency wallets, securities deposits, and stocks account owned by Cho Ju-bin, the suspected head of Nth Room. Nth Room is a Telegram channel under investigation for circulating child pornography.

According to KBS Korea, the Seoul Central District Court . . . → Read More: South Korean Prosecutors Freeze Crypto Wallets of Suspected Child Porn Ring Chief