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Windows, Linux Kodi Users Infected With Cryptomining Malware

Posted on Thursday September 13, 2018  |  bitcoin, crime, security

An anonymous reader quotes a report from ZDNet: Users of Kodi, a popular media player and platform designed for TVs and online streaming, have been the targets of a malware campaign, ZDNet has learned from cyber-security firm ESET. According to a report that will be published later today and shared with ZDNet in advance, the company's malware analysts have uncovered that at least three popular repositories of Kodi add-ons have been infected and helped spread a malware strain that secretly mined cryptocurrency on users' computers. ESET researchers say they found malicious code hidden in some of the add-ons found on three add-on repositories known as Bubbles, Gaia, and XvBMC, all offline at the time of writing, after receiving copyright infringement complaints. Researchers said that some of the add-ons found on these repositories would contain malicious code that triggered the download of a second Kodi add-on, which, in turn, would contain code to fingerprint the user's OS and later install a cryptocurrency miner. While Kodi can run on various platforms, ESET says that the operators of this illicit cryptocurrency mining operation only delivered a miner for Windows and Linux users. The crooks reportedly mined for Monero, infecting over 4,700 victims and generating over 62 Monero coins, worth today nearly $7,000.

Cryptocurrency's 80 Percent Plunge Is Now Worse Than the Dot-Com Crash

Posted on Wednesday September 12, 2018  |  bitcoin

Zorro shares a report from BloombergQuint: The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index's 78 percent peak-to-trough decline after the dot-com bubble burst in 2000. Like their predecessors during the Internet-stock boom almost two decades ago, cryptocurrency investors who bet big on a seemingly revolutionary technology are suffering a painful reality check, particularly those in many secondary tokens, so-called alt-coins. "It just shows what a massive, speculative bubble the whole crypto thing was -- as many of us at the time warned," said Neil Wilson, chief market analyst in London for Markets.com, a foreign-exchange trading platform. "It's a very likely a winner takes all market -- Bitcoin currently most likely." Wednesday's losses were led by Ether, the second-largest virtual currency. It fell 6 percent to $171.15 at 7:50 a.m. in New York, extending this month's retreat to 40 percent. Bitcoin was little changed, while the MVIS CryptoCompare index fell 3.8 percent. The value of all virtual currencies tracked by CoinMarketCap.com sank to $187 billion, a 10-month low. "Crypto bulls dismiss negative comparisons to the dot-com era by pointing to the Nasdaq Composite's recovery to fresh highs 15 years later, and to the internet's enormous impact on society," reports BloombergQuint. "They also note that Bitcoin has rebounded from past crashes of similar magnitude. But even if the optimists prove right and cryptocurrencies eventually transform the world, this year's selloff has underscored that progress is unlikely to be smooth."

3 Surprising applications of blockchain

Posted on Tuesday April 10, 2018  |  security, real estate, law, decentralized, business value, blockchain, bitcoin, agriculture

Most people associate blockchain technology with Bitcoin, the infamous digital currency that rose to fame in 2017. But blockchain technology is not tied to financial transactions, and it's creating all sorts of exciting opportunities for faster, more secure information exchange -- see for yourself!

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