There are three things you can watch forever: how the crypto market turns green, how investments flow on the Binance Launchpad, and how everyone hates Bitcoin SV. Of course, it's important to follow the news from the crypto world, but everything changes so quickly. To make it easier for you, we have picked up the most interesting information over the past week.
1. Prevalence of ransomware crypto viruses increased shot up in the first quarter of 2019. Also, computer programs that encrypt victims’ files and demand a payment in cryptocurrency to unlock them raised the cost of their “services” by 90%. Now the average price tag is more than $12 thousand, and the most popular are viruses like Ryuk, Bitpaymer and Lencrypt. These types of ransomware are predominantly used in bespoke, targeted attacks on larger enterprise targets.
2. If you want to find some problems, buy cryptocurrencies. Bittrex analysed two accounts that allegedly belonged to North Korean users. As it turned out, the residents of South Korea mistakenly identified North Korea in the country selection menu. By identifying the physical and IP addresses, it was possible to establish the current location of users.
3. Coinbase closes its office in Chicago, which began working only a year ago. The сompany laying off approximately 30 engineers. The subdivision of the exchange operated within the framework of the Coinbase Markets project and was engaged in the development of specialised market technologies, such as high-frequency trading tools. The company decided to focus on creating other products like custodial services and over-the-counter trading.
4. South Koreans don’t take offence about the confusion their country with their northern neighbour. The local giant Samsung announced the development of its own blockchain based on Ethereum and the release of a token in the future. The project is in an experimental stage. In addition, the company has already invested $ 2,9 mln in a crypto startup Ledger.
5. Bitfinex and Tether mutilate the schemes again, according to the New York Attorney General’s office. Bitfinex allegedly took not less than $700 million from Tether’s reserves and used the funds to hide losses and inability to handle clients’ withdrawals. We remind that Tether was earlier suspected that USDT tokens are not fully secured by the dollar.
6. The Ukrainian company Hotmine has announced launching a convector for home mining. It is the miner with the beneficial use of heat that will make it possible to keep mining profitable at home. One of the advantages of the convector is the absence of noisy fans.
WTFBit Media writes about blockchain and emerging technologies in simple way, with humor. We also work with diverse clients helping them effectively deliver the message to their audience.