Indian government mafia proposes 10 year jail for cryptocurrency use, may introduce its own digital currency

Jail term of one to 10 years for those who mine, hold or sell cryptocurrencies, a move that will double down on restrictions already placed by the Reserve Bank of India on digital tokens like bitcoin.

The government will also propose the introduction of an official ‘Digital Rupee’ in consultation with the central board of the Reserve Bank of India, according to the draft Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019, which was accessed by BloombergQuint.

https://www.bloombergquint.com/bq-blue-exclusive/exclusive-india-proposes-10-year-jail-for-cryptocurrency-use-may-introduce-its-own-digital-currency


#india #why #btc #bitcoin #cryptocurrency

🚨 TG Spam Warning

Also this time there are people who want to use the favour of the hour.
Currently, Bitcoin and Ethereum from Durov are being promised free of charge as compensation for yesterday's outages.

Should you come across such an announcement in groups or channels, don't fall for it, this message doesn't come from TG boss Durov and no free Bitcoin or anything else will be given!

#Alert #Durov #spam #Bitcoin #Ethereum #scam #fraud
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@cRyPtHoN_INFOSEC_ES

Pentagon Planned for a Bitcoin Rebellion

https://www.forbes.com/sites/billybambrough/2020/06/10/pentagon-documents-reveal-the-us-has-planned-for-a-bitcoin-rebellion

Comments
https://news.ycombinator.com/item?id=23489982


#crypto #cryptocurrency #btc #bitcoin #pentagon #gov #rebellion

Massive Bitcoin fraud wave rolls over Twitter

Do not send Bitcoins! They will certainly not be doubled.

Prominent Twitter accounts such as those of Bill Gates, Elon Musk, Jeff Bezos, Joe Biden, Apple and Uber currently promise to double Bitcoins sent to certain wallets. Numerous crypto currency exchanges also tweet similar "invitations". Some refer to an alleged "Crypto for Health" campaign.

This is a large-scale fraud attempt. The most likely scenario at present is a security hole in Twitter, which allows the perpetrators to access numerous, perhaps even all, Twitter accounts. Therefore, it cannot be ruled out that the perpetrators will send less conspicuous tweets to any Twitter account. Now, special caution is required when interpreting tweets.

👉🏼 👀 🇬🇧 https://www.coindesk.com/hackers-take-over-prominent-crypto-twitter-accounts-in-simultaneous-attack

https://twitter.com/TwitterSupport/status/1283518038445223936

👀 👉🏼 🇩🇪 https://www.heise.de/news/Massive-Bitcoin-Betrugswelle-ueberrollt-Twitter-4844911.html

#twitter #fraud #bitcoin #hacked
📡@cRyPtHoN_INFOSEC_DE
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📡@BlackBox_Archiv
📡@NoGoolag

Hackers Convinced Twitter Employee to Help Them Hijack Accounts

After a wave of account takeovers, screenshots of an internal Twitter user administration tool are being shared in the hacking underground.

A Twitter insider was responsible for a wave of high profile account takeovers on Wednesday, according to leaked screenshots obtained by Motherboard and two sources who took over accounts.

On Wednesday, a spike of high profile accounts including those of Joe Biden, Elon Musk, Bill Gates, Barack Obama, Uber, and Apple tweeted cryptocurrency scams in an apparent hack.

"We used a rep that literally done all the work for us," one of the sources told Motherboard. The second source added they paid the Twitter insider. Motherboard granted the sources anonymity to speak candidly about a security incident. A Twitter spokesperson told Motherboard that the company is still investigating whether the employee hijacked the accounts themselves or gave hackers access to the tool.

The accounts were taken over using an internal tool at Twitter, according to the sources, as well as screenshots of the tool obtained by Motherboard. One of the screenshots shows the panel and the account of Binance; Binance is one of the accounts that hackers took over today. According to screenshots seen by Motherboard, at least some of the accounts appear to have been compromised by changing the email address associated with them using the tool.

👀 👉🏼 https://www.vice.com/en_us/article/jgxd3d/twitter-insider-access-panel-account-hacks-biden-uber-bezos

#twitter #fraud #bitcoin #hacked #insider
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag

Exclusive: More than 1,000 people at Twitter had ability to aid hack of accounts

More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees said, making it hard to defend against the hacking that occurred last week.

Twitter Inc and the FBI are investigating the breach that allowed hackers to repeatedly tweet from verified accounts of the likes of Democratic presidential candidate Joe Biden, billionaire philanthropist Bill Gates, Tesla Chief Executive Elon Musk and former New York Mayor Mike Bloomberg.

Twitter said on Saturday that the perpetrators "manipulated a small number of employees and used their credentials" to log into tools and turn over access to 45 accounts. here On Wednesday, it said that the hackers could have read direct messages to and from 36 accounts but did not identify the affected users.

The former employees familiar with Twitter security practices said that too many people could have done the same thing, more than 1,000 as of earlier in 2020, including some at contractors like Cognizant.

Twitter declined to comment on that figure and would not say whether the number declined before the hack or since. The company was looking for a new security head, working to better secure its systems and training employees on resisting tricks from outsiders, Twitter said. Cognizant did not respond to a request for comment.

“That sounds like there are too many people with access,” said Edward Amoroso, former chief security officer at AT&T. Responsibilities among the staff should have been split up, with access rights limited to those responsibilities and more than one person required to agree to make the most sensitive account changes. “In order to do cyber security right, you can’t forget the boring stuff.”

Threats from insiders, especially lower-paid outside support staff, are a constant worry for companies serving large numbers of users, cyber security experts said. They said that the greater the number of people who can change key settings, the stronger oversight must be.

👀 👉🏼 https://www.reuters.com/article/us-twitter-cyber-access-exclusive/exclusive-more-than-1000-people-at-twitter-had-ability-to-aid-hack-of-accounts-idUSKCN24O34E

#twitter #fraud #bitcoin #hacked
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📡@BlackBox_Archiv
📡@NoGoolag

Bitcoin Inventory Out-of-Memory Denial-of-Service Attack - Researcher kept a major Bitcoin bug secret for two years to prevent attacks

The INVDoS bug would have allowed attackers to crash Bitcoin nodes and other similar blockchains.

In 2018, a security researcher discovered a major vulnerability in Bitcoin Core, the software that powers the Bitcoin blockchain, but after reporting the issue and having it patched, the researcher opted to keep details private in order to avoid hackers exploiting the issue.

Technical details were published earlier this week after the same vulnerability was independently discovered in another cryptocurrency, based on an older version of the Bitcoin code that hadn't received the patch.

Called INVDoS, the vulnerability is a classic denial-of-service (DoS) attack. While in many cases, DoS attacks are harmless, they are not for internet-reachable systems, which need to have stable uptime in order to process transactions.

INVDoS was discovered in 2018 by Braydon Fuller, a Bitcoin protocol engineer. Fuller found that an attacker could create malformed Bitcoin transactions that, when processed by Bitcoin blockchain nodes, would lead to uncontrolled consumption of the server's memory resources, which would eventually crash impacted systems.

👀 👉🏼 CVE-2018-17145: Bitcoin Inventory Out-of-Memory Denial-of-Service Attack (pdf)
https://invdos.net/paper/CVE-2018-17145.pdf

👀 👉🏼 https://www.zdnet.com/article/researcher-kept-a-major-bitcoin-bug-secret-for-two-years-to-prevent-attacks

#researcher #bitcoin #bug #INVDoS #pdf
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Get this - there is a Bitcoin wallet with 69,000 Bitcoins ($693,207,618) that is being passed around between hackers/crackers for the past 2 years for the purpose of cracking the password, no success so far.

👀 👉🏼 https://twitter.com/UnderTheBreach/status/1303316723186139136

#wallet #bitcoin #breach #hack #whynot
📡@cRyPtHoN_INFOSEC_DE
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📡@BlackBox_Archiv
📡@NoGoolag

Crypto crime - KuCoin: Hackers steal 150 million US dollars from Bitcoin stock exchange

The Bitcoin exchange KuCoin has become the victim of a hacker attack. According to estimates, 150 to 200 million US dollars disappeared. Most of the money is said to have already been recovered.

The Bitcoin exchange KuCoin has announced that it became the victim of a hacker attack on September 26. Mainly Bitcoin (BTC), Ether (ETH) and ERC 20 tokens were acquired by the attackers on their raid. The exchange did not explicitly comment on the amount of damage and reassured that it was a small part of the exchange's total capital. According to external estimates, however, crypto-values of 150 to 200 million US dollars (USD) were apparently lost in the process.

👀 👉🏼 https://nitter.net/kucoincom/status/1309689557206491137

👀 👉🏼 🇩🇪 https://www.btc-echo.de/kucoin-hacker-stehlen-150-millionen-us-dollar-von-bitcoin-boerse/

#KuCoin #bitcoin #exchange #hacker #hacked #attack
📡@cRyPtHoN_INFOSEC_DE
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📡@BlackBox_Archiv
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🚨Elon Musk Bitcoin-Scam Alert 🚨

This is a scam !! don´t fall for it.

‼️ https://www.youtube.com/watch?v=G05j6x0fOKE

#alert #scam #bitcoin #giveaway
📡@cRyPtHoN_INFOSEC_DE
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BitPay is now forcing EVERY user to both register and identify themselves when paying with bitcoin. DO NOT SUPPORT BitPay! Email your favorite online stores and tell them to change ASAP

https://teddit.net/r/Bitcoin/comments/kxhxv7/warning_bitpay_is_now_forcing_every_user_to_both


#bitpay #bitcoin #btc #cryptocurrencies #payment

JUST IN - Biden is coming after cryptos: White House is preparing executive action to regulate digital assets such as #Bitcoin as a "matter of national security," Barron’s reports.

https://www.barrons.com/articles/white-house-executive-action-regulate-cryptos-national-security-51643312454

@disclosetv

#Ontario Superior Court of inJustice asked nunchuk.io, a #Bitcoin #wallet provider, to disclose user information and FREEZE user’s Bitcoin

Nunchuk responded

"For years, Bitcoin wallet Wasabi has led its users to believe its crypto mixing service was private and untraceable."

Turns out, blockchain analytics unit Chainalysis could de-anonymize Wasabi’s mixer with open source techniques.

Experts have known about a flaw in peelchain-centric designs since July 2019. A member of Samourai described how he could trace 10 BTC ($389,000) through Wasabi’s mixing process.

According to Bitcoin developer LaurentMT, anyone interested in tracing Wasabi’s mixed coins could do so without advanced tools. Chainalysis simply used a public flaw in the Wasabi mixing service."

https://protos.com/bitcoin-mixing-coinjoin-wasabi-chainalysis-samourai-privacy-wallet/

#crypto #btc #bitcoin @UnchainedInnovations

A single change in Bitcoin's coding could reduce its carbon footprint by 99%, say campaigners

Bitcoin's energy consumption could be vastly reduced by a single change to the cryptocurrency's programming, a new campaign backed by Greenpeace USA and the billionaire founder of the Ripple cryptocurrency, Chris Larsen, has claimed.

https://www.euronews.com/next/2022/03/29/a-single-change-in-bitcoin-coding-could-reduce-its-carbon-footprint-by-99-say-campaigners
#btc #bitcoin #crypto #ripple #greenpeace

Behind closed doors, EU officials talk about banning Bitcoin

Crypto’s voracious appetite for electricity is causing alarm in Brussels. Behind closed doors, the European Commission and the German government are talking about countermeasures. Newly released documents show how the EU could ban Bitcoin.

For its fans, Bitcoin is the money of the future and the basis of a new economic system: digital and without central control. Anyone who wants to can join in. That’s because the network that runs Bitcoin is decentralized and runs on thousands of devices around the world. All it needs is an Internet connection, a computer and electricity.

But it is precisely the latter, Bitcoin’s hunger for energy, that is becoming a global problem. Instead of ordinary computers, crypto miners are using specialized high-performance devices, so-called ASICs. These are necessary to solve the complicated cryptographic problems that Bitcoin uses to protect itself against manipulation.

Critics consider this the currency’s Achilles‘ heel. U.S. Treasury Secretary Janet Yellen has said that Bitcoin is „extremely inefficient“ and consumes „staggering“ amounts of electricity.

Amid the Ukraine war and rising energy prices, this criticism seems pressing. While Ethereum, the second-largest cryptocurrency after Bitcoin, wants to switch to the much more frugal proof-of-stake method, such a switch is unlikely for Bitcoin. That’s because the decentralized structure that makes Bitcoin attractive to its fans makes updates nearly impossible.

Bitcoin consumes around 130 terawatt-hours of electricity annually, researchers at the University of Cambridge estimate in their Bitcoin Electricity Consumption Index. They expect that figure to rise. By comparison, the whole of Germany consumed around 488 terawatt hours of electricity in 2020. Even though this is only a rough estimate, few experts doubt that Bitcoin and other cryptocurrencies consume immense amounts of electricity.

Warnings that crypto could become a driver of climate change are causing unease among officials in Berlin and Brussels. Behind closed doors, the European Commission and the German government are considering a ban on bitcoin mining and trading in the cryptocurrency, according to documents unearthed by netzpolitik.org.

https://netzpolitik.org/2022/climate-measures-behind-closed-doors-eu-officials-talk-about-banning-bitcoin/

#eu #climate #measures #bitcoin

Russia One Step Closer To Using Bitcoin, Crypto In International Trade

The Russian Ministry of Finance and its central bank have agreed on a draft bill allowing bitcoin and cryptocurrency payments for international trade settlements, per a report from Russian news outlet Tass.

https://www.zerohedge.com/crypto/russia-one-step-closer-using-bitcoin-crypto-international-trade
#bitcoin #crypto #legaltender

#btc #Bitcoin #blackrock

#BlackRock's Next Plans Will SHOCK the World - Whitney Webb #Bitcoin Prediction

https://www.youtube.com/watch?v=xxjAxcXxy_8

Something huge is brewing.

Here is Augustin Carstens, head of the BIS, talking about a "unified ledger" as the "north star" and even calling for a "Neil Armstrong" moment.

Many other central bankers have started to talk about this.

At the same time the word #Bitcoin is never mentioned in these debates among central bankers, treated like Voldemort.

Two options:

Either the global central bankers know full well that they have been technologically outflanked by #Bitcoin and are now desperately trying to implement some of its core features (like a "unified ledger") in order to stay relevant.

Or they are just a bunch of overpaid, clueless bureaucrats who really have convinced themselves that horses are great, people will never buy cars and all they need to do to ensure this is to breed slightly faster horses. https://twitter.com/NikoJilch/status/1775912051807793510