Zcash to Develop Completely New Blockchain with Sharding to Serve Billions

Zcash to Develop Completely New Blockchain with Sharding to Serve Billions

The Electric Coin Company (ECC), the company behind the privacy-oriented cryptocurrency Zcash, has announced that they will build a new blockchain for the token whilst incorporating “Sharding.” The newly developed blockchain will be capable enough to scale and serve about 10 billion users, media outlet Decrypt reported on June 22. Zcash, The second-largest privacy-centered digital coin in terms of market cap (after Monero [XMR]), was first introduced to the world in 2016 by the Zcash…

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Cybersecurity Report: New Monero Mining Malware Hides within Certificate Files

Cybersecurity Report: New Monero Mining Malware Hides within Certificate Files

The trend of exploitative malware which hides crypto mining bots has started in the past few years and has become one of the most nefariously popular ways to leverage others’ processing power to mine cryptocurrency. Recently, the cybersecurity firm Trend Micro released a security advisory regarding a deserialization vulnerability in Oracle WebLogic Server, which can be exploited for cryptocurrency mining. In April 2019, Trend Micro detected a series of attacks that leveraged hardware vulnerabilities (dubbed…

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Europol Reveals a Multinational Takedown of a Crypto-Based Dark Web Marketplace

Europol Reveals a Multinational Takedown of a Crypto-Based Dark Web Marketplace

“Double blow to dark web marketplaces” is the title of the press release by Europol that details the events which led up to the shutdown of a website on the dark web as well as the arrest of suspects involved in maintaining it. In the press release, Europol announced that with assistance of the German police, they have shut down the servers of a dark web marketplace. The marketplace was used for a plethora of…

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The Tor Project Enables Cryptocurrency Donations

The Tor Project Enables Cryptocurrency Donations

As cryptocurrency and its underlying technology, Blockchain technology, garner more traction towards the mainstream, this new era of digital currencies has proven to offer a wide range of use cases across different sectors. Ranging from the corporate world to our everyday grocery purchase, this set of virtual currencies have found its use in virtually every aspect of our lives today. Over the years, tons of innovative ideas were created to help demystify the complex technology,…

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Analysts Disproves Cryptocurrency Money Laundering Article by the WSJ

Analysts Disproves Cryptocurrency Money Laundering Article by the WSJ

It’s no secret that some media outlets and journalists have a grudge against the decentralized cryptocurrencies. The main reason for this is that some media outlets favor and benefit from the centralized system. Sometimes, they are even paid to write ill about cryptocurrencies just to hinder their widespread popularity. As any news about cryptocurrencies tends to be widely popular amongst the readers, and some of the media sources write about these digital assets without even…

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Featured: Is Crypto Mining Worth It?

Featured: Is Crypto Mining Worth It?

According to Digiconomist, Bitcoin’s current estimated annual electricity consumption is 48.01 terawatt hours (TWh), which is more than the country of Singapore at 47.18 TWh. To put this more into perspective, in 2016 the tech giant Google used 6.5 TWh. The amount of energy expended for Bitcoin and cryptocurrency mining has been rising each year leading many to be concerned about the environmental cost of creating digital coins. In November last year, The Guardian newspaper…

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8 Cryptojacking Apps were Detected in the Microsoft App Store

8 Cryptojacking Apps were Detected in the Microsoft App Store

The crypto market might have been dominated by the bears and several crypto mining farms might have shut down, but cryptojacking is one activity that has not been affected by the market conditions. In fact, there were eight different cryptojacking apps that were found on the Microsoft app store. The eight apps mined cryptocurrency on the host’s device without them knowing in the background. By using most of the CPU cycles to mine Monero, these…

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A Quick Look at the Underground World of Crypto-Mining Malware

A Quick Look at the Underground World of Crypto-Mining Malware

The fast-rising cybercrime, crypto-mining malware, has been a matter of concern lately. Many investigations and studies have been carried out to ascertain how the not-so-easy-to-spot insidious operations work. Although these investigations have helped to debunk lots of myths, very little light has been shed on binary-based crypto-mining malware. While web-browser cryptojacking, the commonly known form of crypto-mining malware, has got all of the attention. This necessitated the need for in-depth research on the entire underground…

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€9 Million Worth of Monero (XMR) Demanded as Ransom for Norwegian Billionaire’s Wife

€9 Million Worth of Monero (XMR) Demanded as Ransom for Norwegian Billionaire’s Wife

VG, a local news outlet in Norway, on Jan. 9. reported on the kidnap of Anne-Elisabeth Falkevik Hagen, the 68-year old wife of Norwegian 172 richest man. The incident, which occurred on Oct. 31, 2018, was shrouded in secrecy for the fear of upsetting the kidnappers who clearly warned against police involvement in the case. Tom Hagen, the husband of the 68-year old victim, reportedly reached out to local media outlets and the police department…

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Epic Games CEO: Oops! Enabling Monero in Fortnite Store Was Accidental; No Talks with any Crypto Company

Epic Games CEO: Oops! Enabling Monero in Fortnite Store Was Accidental; No Talks with any Crypto Company

Oh Monero, Monero… this must be really awkward for you. (And to be honest, for us too.) After last week we reported that the official merch store (Retail Row) of the incredibly popular video game Fortnite opened its crypto payment gates exclusively to Monero, now we can report that… well, oopsy doopsy, it appears that it was all just an intentional mistake of sorts, and the implementation of such a cryptocurrency payment option had been…

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