CryptoCoins News, 1/1/0001 12:00 AM PST […] The post Bitcoin Price Struggles To Make Up For WannaCry Attack; Outlook Uncertain appeared first on CryptoCoinsNews. |
CoinDesk, 1/1/0001 12:00 AM PST Ripple's native cryptocurrency XRP extended gains today, rising to fresh all-time highs amid what has been a torrid period of price growth. |
CoinDesk, 1/1/0001 12:00 AM PST Two unnamed Coinbase customers are seeking to stop the IRS from obtaining records on the digital currency exchange's user base, court records show. |
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CoinDesk, 1/1/0001 12:00 AM PST Reacting to concerns that Ripple might flood the market with billions in XRP, the company will voluntarily put the funds behind clock and key. |
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Business Insider, 1/1/0001 12:00 AM PST LONDON — This weekend's devastating global cyber-attack offered a sobering lesson in what happens when software vulnerabilities fall into the wrong hands. An exploit in Microsoft Windows developed by the NSA (National Security Agency), a US spy agency, leaked online earlier this year. It was then used to turbo-charge a piece of ransom-demanding malware ("WannaCry" or "WannaCrypt"), which rampaged around the world on Friday, causing chaos in hospitals, factories, and telecoms firms. But now it looks like WannaCry wasn't the first piece of malware in the wild to exploit the "EternalBlue" vulnerability. In a blog post published on Monday, security firm Proofpoint wrote that they have detected "another very large-scale attack" that makes use of the same NSA tech. It's a botnet, called "Adylkuzz," that infects victims' computers and makes them secretly mine a cryptocurrency called Monero to make money for the attackers — and it seems to have pulled in tens of thousands of dollars. For context: Cryptocurrencies — the most famous of which is bitcoin — are decentralised digital currencies that operate without any central bank. Typically, new "coins" are created by "mining": Devoting your computer's processing power towards the upkeep of the network in return for a reward. This financial incentive means that some people become professional "miners," building dedicated rigs with specialised hardware that do nothing but mine cryptocurrencies. It also means that hackers sometimes try and hijack people's computers to mine cryptocurrencies without them realising — making the attacker a tidy profit at the expense of the victim's computer's performance. That's what has been happening here, according to Proofpoint. The firm's researchers wrote that it has been going on since at least May 2, "and possibly as early as April 24," significantly before the spread of WannaCry.
Although we don't know exactly who was infected with Adylkuzz, it seemed to have spread pretty widely. "Within 20 minutes of exposing a vulnerable machine to the open web, it was enrolled in an Adylkuzz mining botnet," Proofpoint wrote. This suggests that many of the organisations hit with WannaCry — the NHS, Telefónica, and so on — may also have been infected with Adylkuzz beforehand. According to Proofpoint's analysis, at least $43,000-worth of Monero has been raised by the as-yet unidentified attackers behind Adylkuzz. (WannaCry, meanwhile, has made more than $66,000, and the figure is still rising.)
The vulnerability that Adylkuzz and WannaCry exploited was patched im March this year — before either began to spread. But because many organisations hadn't updated their software, they remained vulnerable. On Monday, Microsoft published a blog post excoriating the NSA for "stockpiling" software exploits and their subsequent leak online by hacking group "ShadowBrokers." "An equivalent scenario with conventional weapons would be the U.S. military having some of its Tomahawk missiles stolen," wrote president Brad Smith. "The governments of the world should treat this attack as a wake-up call." Join the conversation about this story » NOW WATCH: Here's a visualization of Elon Musk's tunneling project that could change transportation forever |
CoinDesk, 1/1/0001 12:00 AM PST Led by the large tech companies, Financial Innovation Now hopes to lobby Congress into setting up unified federal money transmission rules. |
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Engadget, 1/1/0001 12:00 AM PST
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CoinDesk, 1/1/0001 12:00 AM PST The price of bitcoin fell to around 10% below its most recent all-time high as the market experienced what analysts called a "healthy correction". |