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
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
Bloomberg | Quint
Exclusive: India Proposes 10-Year Jail For Cryptocurrency Use, May Introduce Its Own Digital Currency
India has proposed a jail term of one to ten years for those who mine, hold or sell cryptocurrencies.
Top Democrat calls for Facebook to halt cryptocurrency plans until Congress investigates
“Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” Rep. Maxine Water said
Hours after Facebook announced its plans for a global cryptocurrency project, a top House Democrat is calling for Facebook to halt its plans until Congress and regulators have had a chance to investigate potential risks.
“With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” House Financial Services Committee Chairwoman Maxine Waters (D-CA) said in a statement. “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.”
Waters’s comments came shortly after the top Republican on the committee, Rep. Patrick McHenry (R-NC) wrote to Waters requesting a hearing on Facebook’s new initiative. “We know there are many open questions as to the scope and scale of the project and how it will conform to our global financial regulatory framework,” McHenry wrote, “It is incumbent upon us as policymakers to understand Project Libra. We need to go beyond the rumors and speculations and provide a forum to assess this project and its potential unprecedented impact on the global financial system.”
It’s unclear when such a hearing would occur, although Waters said that Facebook executives should testify before the committee on the issue. Over a year ago, Facebook CEO Mark Zuckerberg sat before Congress for the first and only time to discuss the fallout of the companies Cambridge Analytica scandal.
Other lawmakers are also calling for oversight over Facebook’s plans. Sen. Sherrod Brown (D-OH) said in a statement today that he would be calling on the government’s top financial “watchdogs” to assess the company’s crypto and blockchain efforts.
“Facebook is already too big and too powerful, and it has used that power to exploit users’ data without protecting their privacy,” Brown said. “We cannot allow Facebook to run a risky new cryptocurrency out of a Swiss bank account without oversight. I’m calling on our financial watchdogs to scrutinize this closely to ensure users are protected.”
A Facebook spokesperson responded to the requests in a statement to The Verge saying, “We look forward to responding to lawmakers’ questions as this process moves forward.”
https://www.theverge.com/2019/6/18/18684268/facebook-libra-cryptocurrency-stop-congress-house-democrat-maxine-waters-regulation
#cryptocurrency #libra #facebook #DeleteFacebook
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@cRyPtHoN_INFOSEC_ES
“Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” Rep. Maxine Water said
Hours after Facebook announced its plans for a global cryptocurrency project, a top House Democrat is calling for Facebook to halt its plans until Congress and regulators have had a chance to investigate potential risks.
“With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users,” House Financial Services Committee Chairwoman Maxine Waters (D-CA) said in a statement. “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement forward on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.”
Waters’s comments came shortly after the top Republican on the committee, Rep. Patrick McHenry (R-NC) wrote to Waters requesting a hearing on Facebook’s new initiative. “We know there are many open questions as to the scope and scale of the project and how it will conform to our global financial regulatory framework,” McHenry wrote, “It is incumbent upon us as policymakers to understand Project Libra. We need to go beyond the rumors and speculations and provide a forum to assess this project and its potential unprecedented impact on the global financial system.”
It’s unclear when such a hearing would occur, although Waters said that Facebook executives should testify before the committee on the issue. Over a year ago, Facebook CEO Mark Zuckerberg sat before Congress for the first and only time to discuss the fallout of the companies Cambridge Analytica scandal.
Other lawmakers are also calling for oversight over Facebook’s plans. Sen. Sherrod Brown (D-OH) said in a statement today that he would be calling on the government’s top financial “watchdogs” to assess the company’s crypto and blockchain efforts.
“Facebook is already too big and too powerful, and it has used that power to exploit users’ data without protecting their privacy,” Brown said. “We cannot allow Facebook to run a risky new cryptocurrency out of a Swiss bank account without oversight. I’m calling on our financial watchdogs to scrutinize this closely to ensure users are protected.”
A Facebook spokesperson responded to the requests in a statement to The Verge saying, “We look forward to responding to lawmakers’ questions as this process moves forward.”
https://www.theverge.com/2019/6/18/18684268/facebook-libra-cryptocurrency-stop-congress-house-democrat-maxine-waters-regulation
#cryptocurrency #libra #facebook #DeleteFacebook
📡@cRyPtHoN_INFOSEC_DE
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Forwarded from BlackBox (Security) Archiv
No new Bitcoin: Don't touch Facebooks Libra!
Facebook wants to become the central bank with Libra and profit from the Bitcoin hype. But the blockchain is primarily a facade, Libra is neither decentralized nor a crypto currency.
If Facebook is the answer, Libra will develop into a world currency. But the Facebook coin has little in common with Bitcoin and other crypto currencies. Libra is a digital currency that resembles Wechat Pay rather than Bitcoin. The question of whether Libra is a crypto currency is directly related to considerations of privacy and user trust.
Crypto currencies vs. central banks
With the blockchain as a technology and especially with crypto currencies, a lot revolves around trust. In principle, this is very similar to conventional currencies such as the euro, which also work solely because we trust, for example, that the state and the central bank will not devalue them. In the case of fiat currencies, i.e. uncovered money, recent history - actually only from the 20th century onwards - has shown that this trust in the state is not always justified. Replacing this blind trust in a central authority that controls the monetary system has been one of the core promises of crypto currencies from the outset and can be found in Bitcoin's first announcement, written by Satoshi Nakamoto.
Facebook also wants to give the impression that its digital currency is decentralized, so that users do not have to rely on a central authority. Libra is to be controlled by the Libra Association based in Switzerland, which includes many other companies such as Paypal, Visa, Uber and Mastercard. The mere fact that many well-known companies are on board - and have each paid at least ten million US dollars for it - combined with the ambitious goal of creating a global financial network, is causing a lot of hype. If you then stick the label "Blockchain" on such an ambitious project, you can be sure that everyone is talking about it.
Decentralised, my ass: Libra Association acts as central bank
"[The new blockchain for the global currency] is a decentralized, programmable database designed to support a low-volatility crypto currency that acts as a medium of exchange for billions of people," the Libra white paper says. Admittedly, there are many superficial technical reminiscences of Ethereum or Bitcoin in Libra: Smart Contracts, Dapps, Move, a programming language of its own, and all that even faster and better. The Libra blockchain is to be used by around 2.7 billion people who have a Facebook profile and can process up to 1,000 transactions per second. Bitcoin processes around seven transactions per second.
Unlike Bitcoin or Ethereum, the Libra Blockchain is not a public blockchain, but a Consortium Blockchain in which only paying members of the Libra Association are involved in mining. According to Facebook, this is necessary in order to avoid problems such as high energy consumption, slow transactions and other difficulties that plague Bitcoin, for example. For this reason alone, the Libra Association acts as a sort of central bank. According to Facebook, this will change after five years and the Libra blockchain will open, but one can be sceptical about this.
https://t3n.de/news/libra-ist-keine-kryptowaehrung-kein-bitcoin-1172551/
#DeleteFacebook #libra #CryptoCurrency #decentralized #paypal #visa #uber #mastercard #why
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@cRyPtHoN_INFOSEC_ES
Facebook wants to become the central bank with Libra and profit from the Bitcoin hype. But the blockchain is primarily a facade, Libra is neither decentralized nor a crypto currency.
If Facebook is the answer, Libra will develop into a world currency. But the Facebook coin has little in common with Bitcoin and other crypto currencies. Libra is a digital currency that resembles Wechat Pay rather than Bitcoin. The question of whether Libra is a crypto currency is directly related to considerations of privacy and user trust.
Crypto currencies vs. central banks
With the blockchain as a technology and especially with crypto currencies, a lot revolves around trust. In principle, this is very similar to conventional currencies such as the euro, which also work solely because we trust, for example, that the state and the central bank will not devalue them. In the case of fiat currencies, i.e. uncovered money, recent history - actually only from the 20th century onwards - has shown that this trust in the state is not always justified. Replacing this blind trust in a central authority that controls the monetary system has been one of the core promises of crypto currencies from the outset and can be found in Bitcoin's first announcement, written by Satoshi Nakamoto.
Facebook also wants to give the impression that its digital currency is decentralized, so that users do not have to rely on a central authority. Libra is to be controlled by the Libra Association based in Switzerland, which includes many other companies such as Paypal, Visa, Uber and Mastercard. The mere fact that many well-known companies are on board - and have each paid at least ten million US dollars for it - combined with the ambitious goal of creating a global financial network, is causing a lot of hype. If you then stick the label "Blockchain" on such an ambitious project, you can be sure that everyone is talking about it.
Decentralised, my ass: Libra Association acts as central bank
"[The new blockchain for the global currency] is a decentralized, programmable database designed to support a low-volatility crypto currency that acts as a medium of exchange for billions of people," the Libra white paper says. Admittedly, there are many superficial technical reminiscences of Ethereum or Bitcoin in Libra: Smart Contracts, Dapps, Move, a programming language of its own, and all that even faster and better. The Libra blockchain is to be used by around 2.7 billion people who have a Facebook profile and can process up to 1,000 transactions per second. Bitcoin processes around seven transactions per second.
Unlike Bitcoin or Ethereum, the Libra Blockchain is not a public blockchain, but a Consortium Blockchain in which only paying members of the Libra Association are involved in mining. According to Facebook, this is necessary in order to avoid problems such as high energy consumption, slow transactions and other difficulties that plague Bitcoin, for example. For this reason alone, the Libra Association acts as a sort of central bank. According to Facebook, this will change after five years and the Libra blockchain will open, but one can be sceptical about this.
https://t3n.de/news/libra-ist-keine-kryptowaehrung-kein-bitcoin-1172551/
#DeleteFacebook #libra #CryptoCurrency #decentralized #paypal #visa #uber #mastercard #why
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@cRyPtHoN_INFOSEC_ES
Forwarded from BlackBox (Security) Archiv
49 New Google Chrome Extensions Caught Hijacking Cryptocurrency Wallets
Discovering Fake Browser Extensions That Target Users of Ledger, Trezor, MEW, Metamask, and More
Using a familiar phishing method to target new brands.
The 49 browser add-ons, potentially the work of Russian threat actors, were identified (find the list here) by researchers from MyCrypto and PhishFort.
"Essentially, the extensions are phishing for secrets — mnemonic phrases, private keys, and keystore files," explained Harry Denley, director of security at MyCrypto. "Once the user has entered them, the extension sends an HTTP POST request to its backend, where the bad actors receive the secrets and empty the accounts."
Motivation and Purpose
We keep an eye on the type of attacks that come to cryptocurrency users on a daily basis and often write about our findings to help educate the community. We’ve seen various types of attacks on users, ranging from simple trust-trading scams to SIM hijacking to compromising and stealing funds from exchange accounts.
Google has ousted 49 Chrome browser extensions from its Web Store that masqueraded as cryptocurrency wallets but contained malicious code to siphon off sensitive information and empty the digital currencies.
👉🏼 Read more:
https://medium.com/mycrypto/discovering-fake-browser-extensions-that-target-users-of-ledger-trezor-mew-metamask-and-more-e281a2b80ff9
https://thehackernews.com/2020/04/chrome-cryptocurrency-extensions.html
#hijacking #cryptocurrency #wallets #google #chrome #browser #extensions
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
Discovering Fake Browser Extensions That Target Users of Ledger, Trezor, MEW, Metamask, and More
Using a familiar phishing method to target new brands.
The 49 browser add-ons, potentially the work of Russian threat actors, were identified (find the list here) by researchers from MyCrypto and PhishFort.
"Essentially, the extensions are phishing for secrets — mnemonic phrases, private keys, and keystore files," explained Harry Denley, director of security at MyCrypto. "Once the user has entered them, the extension sends an HTTP POST request to its backend, where the bad actors receive the secrets and empty the accounts."
Motivation and Purpose
We keep an eye on the type of attacks that come to cryptocurrency users on a daily basis and often write about our findings to help educate the community. We’ve seen various types of attacks on users, ranging from simple trust-trading scams to SIM hijacking to compromising and stealing funds from exchange accounts.
Google has ousted 49 Chrome browser extensions from its Web Store that masqueraded as cryptocurrency wallets but contained malicious code to siphon off sensitive information and empty the digital currencies.
👉🏼 Read more:
https://medium.com/mycrypto/discovering-fake-browser-extensions-that-target-users-of-ledger-trezor-mew-metamask-and-more-e281a2b80ff9
https://thehackernews.com/2020/04/chrome-cryptocurrency-extensions.html
#hijacking #cryptocurrency #wallets #google #chrome #browser #extensions
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
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
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
Forbes
Pentagon Documents Reveal The U.S. Has Planned For A Bitcoin Rebellion
It's been revealed the U.S. Department of Defense has wargamed scenarios involving a Generation Z rebellion that uses bitcoin to undermine and evade "the establishment"...
China arrests over 100 people suspected of involvement in PlusToken cryptocurrency scam
Many of the alleged fraudsters had previously fled overseas.
China has arrested 109 individuals suspected of involvement in the PlusToken cryptocurrency fraud ring.
South Korea-based PlusToken was marketed as a high-yield investment opportunity for traders interested in cryptocurrencies. 9% to 18% in monthly returns were dangled in front of investors mainly based in China and South Korea, who then stored Bitcoin (BTC), Ethereum (ETH), and EOS on the platform.
Members were encouraged to bring others to the fold in exchange for a commission, creating what is thought to be a Ponzi scheme of massive proportions.
Last year, the operators of PlusToken performed a suspected exit scam, in which roughly $3 billion in deposits was taken from up to four million users who suddenly found themselves unable to access their funds.
https://www.zdnet.com/article/china-arrests-over-100-people-suspected-of-involvement-in-plustoken-cryptocurrency-scam/
#asia #china #southkorea #cryptocurrency #scam
Many of the alleged fraudsters had previously fled overseas.
China has arrested 109 individuals suspected of involvement in the PlusToken cryptocurrency fraud ring.
South Korea-based PlusToken was marketed as a high-yield investment opportunity for traders interested in cryptocurrencies. 9% to 18% in monthly returns were dangled in front of investors mainly based in China and South Korea, who then stored Bitcoin (BTC), Ethereum (ETH), and EOS on the platform.
Members were encouraged to bring others to the fold in exchange for a commission, creating what is thought to be a Ponzi scheme of massive proportions.
Last year, the operators of PlusToken performed a suspected exit scam, in which roughly $3 billion in deposits was taken from up to four million users who suddenly found themselves unable to access their funds.
https://www.zdnet.com/article/china-arrests-over-100-people-suspected-of-involvement-in-plustoken-cryptocurrency-scam/
#asia #china #southkorea #cryptocurrency #scam
ZDNet
China arrests over 100 people suspected of involvement in PlusToken cryptocurrency scam | ZDNet
Many of the alleged fraudsters had previously fled overseas.
Forwarded from BlackBox (Security) Archiv
US Authorities Can Now Track the Privacy-Focused Monero Cryptocurrency
The leading crypto intelligence firm CipherTrace has developed a toolset to assist U.S. law enforcement to track the privacy-centric Monero cryptocurrency.
The cryptocurrency analytics firm CipherTrace has made the announcement that they have created a toolset designed to help trace transactions made using the privacy-centric Monero virtual currency – stating that they did so under contract with the U.S. Department of Homeland Security (DHS).
‼️ Monero Can Now Be Tracked
A press release by CipherTrace stated that the goal behind development of the tracing tools was harnessed from the U.S. law enforcement need to track the transactions made across criminal networks using the Monero cryptocurrency.
The firm reflected on the fact that Monero has since grown to become the second most popular digital coin in the dark web – with estimate figures indicating that about 45 percent of dark web platforms have adopted Monero integration.
It is for the above reason that law enforcement interest has developed around the digital currency as the facilitator of darknet-backed cybercriminal enterprises. As mentioned already, Monero offers far better features than Bitcoin, including the ring signature mechanism to ensure user anonymity.
Ring signatures work to mix transactions so that when third party actors try to figure out the source of funds sent in Monero, it will appear as though multiple users participated in the transaction. The feature makes it virtually impossible for law enforcement agencies to identify the true sources of such funds.
👀 👉🏼 http://tapeucwutvne7l5o.onion/us-authorities-can-now-track-the-privacy-focused-monero-cryptocurrency
👀 👉🏼 https://ciphertrace.com/ciphertrace-announces-worlds-first-monero-tracing-capabilities/
#monero #cryptocurrency #ciphertrace #usa #authorities #tracing #Privacy #thinkabout
📡@cRyPtHoN_INFOSEC_DE
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📡@BlackBox_Archiv
📡@NoGoolag
The leading crypto intelligence firm CipherTrace has developed a toolset to assist U.S. law enforcement to track the privacy-centric Monero cryptocurrency.
The cryptocurrency analytics firm CipherTrace has made the announcement that they have created a toolset designed to help trace transactions made using the privacy-centric Monero virtual currency – stating that they did so under contract with the U.S. Department of Homeland Security (DHS).
‼️ Monero Can Now Be Tracked
A press release by CipherTrace stated that the goal behind development of the tracing tools was harnessed from the U.S. law enforcement need to track the transactions made across criminal networks using the Monero cryptocurrency.
The firm reflected on the fact that Monero has since grown to become the second most popular digital coin in the dark web – with estimate figures indicating that about 45 percent of dark web platforms have adopted Monero integration.
It is for the above reason that law enforcement interest has developed around the digital currency as the facilitator of darknet-backed cybercriminal enterprises. As mentioned already, Monero offers far better features than Bitcoin, including the ring signature mechanism to ensure user anonymity.
Ring signatures work to mix transactions so that when third party actors try to figure out the source of funds sent in Monero, it will appear as though multiple users participated in the transaction. The feature makes it virtually impossible for law enforcement agencies to identify the true sources of such funds.
👀 👉🏼 http://tapeucwutvne7l5o.onion/us-authorities-can-now-track-the-privacy-focused-monero-cryptocurrency
👀 👉🏼 https://ciphertrace.com/ciphertrace-announces-worlds-first-monero-tracing-capabilities/
#monero #cryptocurrency #ciphertrace #usa #authorities #tracing #Privacy #thinkabout
📡@cRyPtHoN_INFOSEC_DE
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📡@BlackBox_Archiv
📡@NoGoolag
Ciphertrace
News
CipherTrace in the news. We Make Cryptocurrency Safe and Trusted. Read more about the company, the values and the Cryptocurrency tools & software provided.
Forwarded from BlackBox (Security) Archiv
Russia Proposes a Legal Plan to Restrict Crypto Circulation
The Russian government has issued a proposal to restrict the circulation and transaction of cryptocurrencies
The Russian territory presents a plethora of opportunities as far as the cryptocurrency industry is concerned.
Arguably, a proper legal environment would potentiate Russia’s crypto capacities to become a hub of virtual assets – there’s enough Russian talent to back the industry up.
However, it appears that Russia has lagged behind when it comes to the establishment of crypto hotspots as the lack of proper legal infrastructure happens to be a glaring challenge in the eyes of digital asset enthusiasts.
In recent news, the Russian Ministry of Finance has proposed a move that will create legislation to restrict the circulation of cryptocurrencies within the economy – a decision that will serve as a yardstick for global crypto regulation.
Russian media intimated that the Russian government intends to prescribe amendments to the existing Digital Financial Assets (DFA) law, which was ratified in July and is set to be implemented from the first month of 2021.
Ideally, the DFA law came about as a result of the Russian government’s need to enable transactions involving digital securities and tokens, including well-established cryptocurrencies like Bitcoin and Ether.
At the time of inception, the DFA law was meant to be coupled with a separate piece of legislation targeting the regulation of crypto circulation.
👀 👉🏼 http://tapeucwutvne7l5o.onion/russia-proposes-a-legal-plan-to-russia-crypto-circulation
👀 👉🏼 https://iz.ru/1056107/tatiana-bochkareva-roza-almakunova/zapretnyi-plod-maining-v-rossii-zablokiruiut-oborot-kriptovaliut
👀 👉🏼 https://www.ledgerinsights.com/russia-restrict-circulation-cryptocurrency/
#russia #plan #restrict #cryptocurrency #circulation
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag
The Russian government has issued a proposal to restrict the circulation and transaction of cryptocurrencies
The Russian territory presents a plethora of opportunities as far as the cryptocurrency industry is concerned.
Arguably, a proper legal environment would potentiate Russia’s crypto capacities to become a hub of virtual assets – there’s enough Russian talent to back the industry up.
However, it appears that Russia has lagged behind when it comes to the establishment of crypto hotspots as the lack of proper legal infrastructure happens to be a glaring challenge in the eyes of digital asset enthusiasts.
In recent news, the Russian Ministry of Finance has proposed a move that will create legislation to restrict the circulation of cryptocurrencies within the economy – a decision that will serve as a yardstick for global crypto regulation.
Russian media intimated that the Russian government intends to prescribe amendments to the existing Digital Financial Assets (DFA) law, which was ratified in July and is set to be implemented from the first month of 2021.
Ideally, the DFA law came about as a result of the Russian government’s need to enable transactions involving digital securities and tokens, including well-established cryptocurrencies like Bitcoin and Ether.
At the time of inception, the DFA law was meant to be coupled with a separate piece of legislation targeting the regulation of crypto circulation.
👀 👉🏼 http://tapeucwutvne7l5o.onion/russia-proposes-a-legal-plan-to-russia-crypto-circulation
👀 👉🏼 https://iz.ru/1056107/tatiana-bochkareva-roza-almakunova/zapretnyi-plod-maining-v-rossii-zablokiruiut-oborot-kriptovaliut
👀 👉🏼 https://www.ledgerinsights.com/russia-restrict-circulation-cryptocurrency/
#russia #plan #restrict #cryptocurrency #circulation
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag
Известия
Запретный плод майнинг: в России заблокируют оборот криптовалют
Поправки Минфина к законопроекту о цифровых финансовых активах затягивают гайки еще сильнее
Forwarded from BlackBox (Security) Archiv
US charges two Russians for stealing $16.8m via cryptocurrency phishing sites
The two hackers stole from hundreds of users of cryptocurrency exchanges Poloniex, Binance, and Gemini.
The US Department of Justice has filed charges today against two Russian nationals for orchestrating a multi-year phishing operation against the users of three cryptocurrency exchanges.
The two suspects stand accused of creating website clones for the Poloniex, Binance, and Gemini cryptocurrency exchanges, luring users on these fake sites, and collecting their account credentials. These phishing operations began around June 2017.
US officials said the Russian duo — made up of Danil Potekhin (aka cronuswar) and Dmitrii Karasavidi; residents of Voronezh and Moscow, respectively — used the stolen credentials to access victim accounts and steal their Bitcoin (BTC) and Ether (ETH) crypto-assets.
In total, US officials estimated the victims in the hundreds. Court documents cite 313 defrauded Poloniex users, 142 Binance victims, and 42 users at Gemini.
Losses were estimated at $16,876,000.
👀 👉🏼 (pdf)
https://assets.documentcloud.org/documents/7211805/Potekhin-Superseding-Indictment.pdf
👀 👉🏼 https://www.zdnet.com/article/us-charges-two-russians-for-stealing-16-8m-via-cryptocurrency-phishing-sites
#Potekhin #cryptocurrency #phishing #russia #usa
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag
The two hackers stole from hundreds of users of cryptocurrency exchanges Poloniex, Binance, and Gemini.
The US Department of Justice has filed charges today against two Russian nationals for orchestrating a multi-year phishing operation against the users of three cryptocurrency exchanges.
The two suspects stand accused of creating website clones for the Poloniex, Binance, and Gemini cryptocurrency exchanges, luring users on these fake sites, and collecting their account credentials. These phishing operations began around June 2017.
US officials said the Russian duo — made up of Danil Potekhin (aka cronuswar) and Dmitrii Karasavidi; residents of Voronezh and Moscow, respectively — used the stolen credentials to access victim accounts and steal their Bitcoin (BTC) and Ether (ETH) crypto-assets.
In total, US officials estimated the victims in the hundreds. Court documents cite 313 defrauded Poloniex users, 142 Binance victims, and 42 users at Gemini.
Losses were estimated at $16,876,000.
👀 👉🏼 (pdf)
https://assets.documentcloud.org/documents/7211805/Potekhin-Superseding-Indictment.pdf
👀 👉🏼 https://www.zdnet.com/article/us-charges-two-russians-for-stealing-16-8m-via-cryptocurrency-phishing-sites
#Potekhin #cryptocurrency #phishing #russia #usa
📡@cRyPtHoN_INFOSEC_DE
📡@cRyPtHoN_INFOSEC_EN
📡@BlackBox_Archiv
📡@NoGoolag
Forwarded from BlackBox (Security) Archiv
Dogecoin Has a Top Dog Worth $2.1 Billion
A single digital address appears to have accumulated holdings in dogecoin, the cryptocurrency that was started as a joke
The dogecoin market has a pack leader.
Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation—a stake worth about $2.1 billion at current prices. The holder’s identity isn’t known, which is common in the opaque world of digital currencies.
It is hard to tell what to make of this giant position in what has long been a small and niche corner of the cryptocurrency world.
Dogecoin was created in 2013 as a satirical homage to bitcoin. Its developers were riffing off the meme of a Shiba Inu dog with bad spelling habits. It wasn’t designed to be used as a form of payment, or as anything except a joke. At the start of 2021, a dogecoin was worth about half a cent, even as bitcoin prices had surged to nearly $30,000.
https://telegra.ph/Dogecoin-Has-a-Top-Dog-Worth-21-Billion-02-17
via www.wsj.com
#dogecoin #cryptocurrency
📡@cRyPtHoN_INFOSEC_FR
📡@cRyPtHoN_INFOSEC_EN
📡@cRyPtHoN_INFOSEC_DE
📡@BlackBox_Archiv
📡@NoGoolag
A single digital address appears to have accumulated holdings in dogecoin, the cryptocurrency that was started as a joke
The dogecoin market has a pack leader.
Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation—a stake worth about $2.1 billion at current prices. The holder’s identity isn’t known, which is common in the opaque world of digital currencies.
It is hard to tell what to make of this giant position in what has long been a small and niche corner of the cryptocurrency world.
Dogecoin was created in 2013 as a satirical homage to bitcoin. Its developers were riffing off the meme of a Shiba Inu dog with bad spelling habits. It wasn’t designed to be used as a form of payment, or as anything except a joke. At the start of 2021, a dogecoin was worth about half a cent, even as bitcoin prices had surged to nearly $30,000.
https://telegra.ph/Dogecoin-Has-a-Top-Dog-Worth-21-Billion-02-17
via www.wsj.com
#dogecoin #cryptocurrency
📡@cRyPtHoN_INFOSEC_FR
📡@cRyPtHoN_INFOSEC_EN
📡@cRyPtHoN_INFOSEC_DE
📡@BlackBox_Archiv
📡@NoGoolag
Telegraph
Dogecoin Has a Top Dog Worth $2.1 Billion
The dogecoin market has a pack leader. Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation—a stake worth about $2.1 billion at current prices. The holder’s identity isn’t known, which is common in the opaque world…
Forwarded from BlackBox (Security) Archiv
Et tu, Signal?
Many technologists viscerally felt yesterday’s announcement as a punch to the gut when we heard that the Signal messaging app was bundling an embedded cryptocurrency. This news really cut to heart of what many technologists have felt before when we as loyal users have been exploited and betrayed by corporations, but this time it felt much deeper because it introduced a conflict of interest from our fellow technologists that we truly believed were advancing a cause many of us also believed in. So many of us have spent significant time and social capital moving our friends and family away from the exploitative data siphon platforms that Facebook et al offer, and on to Signal in the hopes of breaking the cycle of commercial exploitation of our online relationships. And some of us feel used.
Signal users are overwhelmingly tech savvy consumers and we’re not idiots. Do they think we don’t see through the thinly veiled pump and dump scheme that’s proposed? It’s an old scam with a new face.
Allegedly the controlling entity prints 250 million units of some artificially scarce trashcoin called MOB (coincidence?) of which the issuing organization controls 85% of the supply. This token then floats on a shady offshore cryptocurrency exchange hiding in the Cayman Islands or the Bahamas, where users can buy and exchange the token. The token is wash traded back and forth by insiders and the exchange itself to artificially pump up the price before it’s dumped on users in the UK to buy to allegedly use as “payments”. All of this while insiders are free to silently use information asymmetry to cash out on the influx of pumped hype-driven buys before the token crashes in value. Did I mention that the exchange that floats the token is the primary investor in the company itself, does anyone else see a major conflict of interest here?
Let it be said that everything here is probably entirely legal or there simply is no precedent yet. The question everyone is asking before these projects launch now though is: should it be?
I think I speak for many technologists when I say that any bolted-on cryptocurrency monetization scheme smells like a giant pile of rubbish and feels enormously user-exploitative. We’ve seen this before, after all Telegram tried the same thing in an ICO that imploded when SEC shut them down, and Facebook famously tried and failed to monetize WhatsApp through their decentralized-but-not-really digital money market fund project.
https://www.stephendiehl.com/blog/signal.html
#signal #privacy #messaging #cryptocurrency #payment #thinkabout
📡 @nogoolag 📡 @blackbox_archiv
Many technologists viscerally felt yesterday’s announcement as a punch to the gut when we heard that the Signal messaging app was bundling an embedded cryptocurrency. This news really cut to heart of what many technologists have felt before when we as loyal users have been exploited and betrayed by corporations, but this time it felt much deeper because it introduced a conflict of interest from our fellow technologists that we truly believed were advancing a cause many of us also believed in. So many of us have spent significant time and social capital moving our friends and family away from the exploitative data siphon platforms that Facebook et al offer, and on to Signal in the hopes of breaking the cycle of commercial exploitation of our online relationships. And some of us feel used.
Signal users are overwhelmingly tech savvy consumers and we’re not idiots. Do they think we don’t see through the thinly veiled pump and dump scheme that’s proposed? It’s an old scam with a new face.
Allegedly the controlling entity prints 250 million units of some artificially scarce trashcoin called MOB (coincidence?) of which the issuing organization controls 85% of the supply. This token then floats on a shady offshore cryptocurrency exchange hiding in the Cayman Islands or the Bahamas, where users can buy and exchange the token. The token is wash traded back and forth by insiders and the exchange itself to artificially pump up the price before it’s dumped on users in the UK to buy to allegedly use as “payments”. All of this while insiders are free to silently use information asymmetry to cash out on the influx of pumped hype-driven buys before the token crashes in value. Did I mention that the exchange that floats the token is the primary investor in the company itself, does anyone else see a major conflict of interest here?
Let it be said that everything here is probably entirely legal or there simply is no precedent yet. The question everyone is asking before these projects launch now though is: should it be?
I think I speak for many technologists when I say that any bolted-on cryptocurrency monetization scheme smells like a giant pile of rubbish and feels enormously user-exploitative. We’ve seen this before, after all Telegram tried the same thing in an ICO that imploded when SEC shut them down, and Facebook famously tried and failed to monetize WhatsApp through their decentralized-but-not-really digital money market fund project.
https://www.stephendiehl.com/blog/signal.html
#signal #privacy #messaging #cryptocurrency #payment #thinkabout
📡 @nogoolag 📡 @blackbox_archiv
Stephendiehl
Et tu, Signal?
Personal Blog
Forwarded from BlackBox (Security) Archiv
Signal adopts MobileCoin, a crypto project linked to its own creator Moxie Marlinspike
Many technologists today were disappointed to learn that Signal, an encrypted messaging service, is adopting MobileCoin (MOB), a new cryptocurrency that went live in December, for payments.
Signal is hugely popular in the tech world. I use it, and many of the people I correspond with use it as a safe and secure way of communicating. And many prefer it over WhatsApp and Telegram.
Now, the non-profit wants to take the next step into becoming a payments service—so you can send money, and nobody will know who you are sending it to, or why. Here’s the blog post announcing the beta build.
Andy Greenberg wrote up a story in Wired covering the main points of the announcement yesterday. The idea is to have a cryptocurrency designed to work efficiently on mobile devices while protecting users’ privacy—and anonymity. For now, Signal’s payment feature will be available only to users in the UK, and only on iOS and Android—not the desktop.
What is worth underscoring is that Moxie Marlinspike, the creator of Signal and CEO of the nonprofit that runs it, was a paid advisor to MobileCoin. In fact, he was the original CTO of the company, according to an early MobileCoin white paper.
https://amycastor.com/2021/04/07/signal-adopts-mobilecoin-a-crypto-project-linked-to-its-own-creator-moxie-marlinspike/
💡 MobileCoin white paper
https://mixin.one/assets/MobileCoin-Whitepaper-EN_FINAL.pdf
#signal #privacy #messaging #cryptocurrency #payment #marlinspike #thinkabout
📡 @nogoolag 📡 @blackbox_archiv
Many technologists today were disappointed to learn that Signal, an encrypted messaging service, is adopting MobileCoin (MOB), a new cryptocurrency that went live in December, for payments.
Signal is hugely popular in the tech world. I use it, and many of the people I correspond with use it as a safe and secure way of communicating. And many prefer it over WhatsApp and Telegram.
Now, the non-profit wants to take the next step into becoming a payments service—so you can send money, and nobody will know who you are sending it to, or why. Here’s the blog post announcing the beta build.
Andy Greenberg wrote up a story in Wired covering the main points of the announcement yesterday. The idea is to have a cryptocurrency designed to work efficiently on mobile devices while protecting users’ privacy—and anonymity. For now, Signal’s payment feature will be available only to users in the UK, and only on iOS and Android—not the desktop.
What is worth underscoring is that Moxie Marlinspike, the creator of Signal and CEO of the nonprofit that runs it, was a paid advisor to MobileCoin. In fact, he was the original CTO of the company, according to an early MobileCoin white paper.
https://amycastor.com/2021/04/07/signal-adopts-mobilecoin-a-crypto-project-linked-to-its-own-creator-moxie-marlinspike/
💡 MobileCoin white paper
https://mixin.one/assets/MobileCoin-Whitepaper-EN_FINAL.pdf
#signal #privacy #messaging #cryptocurrency #payment #marlinspike #thinkabout
📡 @nogoolag 📡 @blackbox_archiv
Amy Castor
Signal adopts MobileCoin, a crypto project linked to its own creator Moxie Marlinspike
MOB surged from $7 to $68 in the last week before taking a dump and dropping to $39 overnight.
Forwarded from BlackBox (Security) Archiv
Update on beta testing payments in Signal
As the world stands today, the future of transaction privacy does not look great. The existing landscape is dominated by traditional credit companies, who over the past decade have been steadily pushing their networks for increased access to user data. They (and their data customers) are on a track to getting SKU level data of every purchase everyone makes everywhere. There are other contenders, such as regional online payments networks (like Venmo in the US), but the data story there is similar.
This is not a future we are particularly excited about. At Signal, we want to help build a different kind of tech – where software is built for you rather than for your data – so these are trends that we watch warily.
https://signal.org/blog/update-on-beta-testing-payments/
#signal #privacy #messaging #cryptocurrency #payment #thinkabout
📡 @nogoolag 📡 @blackbox_archiv
As the world stands today, the future of transaction privacy does not look great. The existing landscape is dominated by traditional credit companies, who over the past decade have been steadily pushing their networks for increased access to user data. They (and their data customers) are on a track to getting SKU level data of every purchase everyone makes everywhere. There are other contenders, such as regional online payments networks (like Venmo in the US), but the data story there is similar.
This is not a future we are particularly excited about. At Signal, we want to help build a different kind of tech – where software is built for you rather than for your data – so these are trends that we watch warily.
https://signal.org/blog/update-on-beta-testing-payments/
#signal #privacy #messaging #cryptocurrency #payment #thinkabout
📡 @nogoolag 📡 @blackbox_archiv
Signal
Update on beta testing payments in Signal
As the world stands today, the future of transaction privacy does not look great. The existing landscape is dominated by traditional credit companies, who over the past decade have been steadily pushing their networks for increased access to user data. They…
Worldcoin’s digital ID-linked cryptocurrency hits the markets | Biometric Update –
A new cryptocurrency launch does not generally interest people in digital identity, but Worldcoin’s token is part of a platform that also offers proof of humanity and online authentication. The company is now inviting users to register for the “upcoming Worldcoin distribution.”
A brief post by Worldcoin Co-founders Sam Altman and Alex Blania invites people to download the World App, which supports the protocol, after which they can register their interest in the distribution of the “WLD” digital currency. To receive it, they must also receive a World ID by completing identity verification with their iris biometrics collected for de-duplication by one of the company’s Orb devices.
#IrisBiometrics #DigitalID #CryptoCurrency #WorldID
A new cryptocurrency launch does not generally interest people in digital identity, but Worldcoin’s token is part of a platform that also offers proof of humanity and online authentication. The company is now inviting users to register for the “upcoming Worldcoin distribution.”
A brief post by Worldcoin Co-founders Sam Altman and Alex Blania invites people to download the World App, which supports the protocol, after which they can register their interest in the distribution of the “WLD” digital currency. To receive it, they must also receive a World ID by completing identity verification with their iris biometrics collected for de-duplication by one of the company’s Orb devices.
#IrisBiometrics #DigitalID #CryptoCurrency #WorldID