Month: November 2018

Oldest Swiss University Awards Honorary Doctorate to Ethereum Co-Founder Vitalik Buterin

Oldest Swiss University Awards Honorary Doctorate to Ethereum Co-Founder Vitalik Buterin

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
The University of Basel has granted an honorary doctorate to Ethereum (ETH) co-founder Vitalik Buterin, according to an official statement on the university’s website today, Nov. 30.The Faculty of Business and Economics of Switzerland’s oldest university has awarded Buterin for “outstanding achievements in fields of cryptocurrencies, smart contracts, and the design of institutions,” as the university noted in a recent tweet on the official Twitter account.The honorary doctorate of the faculty of economics is awarded to Vitalik Buterin by dean Prof. Dr. med. Aleksander Berentsen. Source: Universität BaselThe honorary degree was granted by dean Aleksander Berentsen, Professor of Economic Theory and Dean of the Faculty of Business and Economics during the university’s annual celebration “Dies
Bitmain Launches Crypto Index for Investors, Provides Data on 17 Digital Assets

Bitmain Launches Crypto Index for Investors, Provides Data on 17 Digital Assets

NEWSBTC
Chinese cryptocurrency mining hardware manufacturer Bitmain has just released its own cryptocurrency index. Going forward, the firm will provide market data for 17 of the largest digital assets by market capitalisation.Bitmain Crypto Index Will Track 17 of the Most Popular Digital AssetsOne of the planet’s largest producers of digital currency mining hardware has just published an index of cryptocurrency prices. Bitmain announced the move via its website, BTC.com, earlier today.According to the post, Bitmain’s new price index has been tailored to institutional and individual investors alike. It stated:“The index tracks the performance of the largest and most liquid digital currency in the market and is denominated in US dollars.”The index draws its price data from the largest cryptocurrenc
Sirin Labs’ Blockchain Phone Can Only Be Bought With SRN Tokens

Sirin Labs’ Blockchain Phone Can Only Be Bought With SRN Tokens

BITCOIN
Blockchain phones are all the rage right now. These mobile devices will offer exposure to distributed applications and various cryptocurrencies. Sirin Labs is one of the main companies people are keeping an eye on. Unfortunately, buying their blockchain phone, the FINNEY, is not as straightforward as assumed.The Sirin Labs Marketing StuntDeveloping a blockchain phone and pricing it at $1,000 is a pretty big gamble. However, not letting customers buy the device with traditional payment methods is something else entirely. Anyone who is interested in this device will need to obtain SRN tokens to buy the item. For early pre-orders, the SRN token is the only option. Additional payment methods may be added in the months to follow.The blockchain phone by Sirin Labs offers some interesting feature
Cyber Security Firm Check Point Research Reports of ‘Evolving’ Monero Cryptojacker

Cyber Security Firm Check Point Research Reports of ‘Evolving’ Monero Cryptojacker

COINTELEGRAPH, CRYPTOCURRENCY, MONERO
Cyber security firm Check Point Research has found that the KingMiner cryptojacker targeting cryptocurrency Monero (XMR) is “evolving,” according to a company’s blog post published Nov. 30.KingMiner was purportedly firstly detected in mid-June, subsequently evolving in two improved versions. The malware attacks Windows Servers by deploying various evasion methods to skirt its detection. Per Check Point data, several detection engines have registered significantly decreased detection rates, while sensor logs have shown a growing number of KingMiner attacks.The firm has been monitoring KingMiner activity over the past six months and concluded that the malware has evolved in two new versions. The blog post further explains:“The malware continuously adds new features and bypass methods to avoi
Report: No Correlation Between Crypto Mining Attacks and Legal Status of Cryptocurrency in the Country

Report: No Correlation Between Crypto Mining Attacks and Legal Status of Cryptocurrency in the Country

BTC MANAGER
The growing popularity of cryptocurrencies has forced cybercriminals to invest resources in the development of more robust mining technologies to replace the typical ransomware Trojans, reports Kaspersky Lab’s cyber threat research arm Securelist, November 28, 2018. Cryptojacking Almost as Famous as Ransomware Attacks A cybersecurity bulletin titled “Story of the year: miners” talks about the emerging trends among the cybercriminals to mine cryptocurrencies in the target users’ computer system. The report mentions the high number of miner-related attacks in Q1 2018, a time period which coincides with the famous cryptocurrency bull run that saw the price of bitcoin brush the $20,000 mark. Similarly, the end of the bull run commensurated with a major decline in the global crypto mining attac
Vitalik Buterin Receives Honorary PhD from Basel University

Vitalik Buterin Receives Honorary PhD from Basel University

BLOCKCHAIN, ETHEREUM, NEWSBTC
One of the co-founders of the second largest public blockchain on the planet has received an honorary doctorate from the University of Basel. Vitalik Buterin received the recognition from the institution for his role in helping to build the Ethereum network.That’s Dr. Buterin to You..!According to a post from the University of Basel, the institution has just awarded Vitalik Buterin an honorary doctorate for his work on the Ethereum blockchain. As part of a traditional ceremony celebrating the university’s “Dies Academicus”, the co-founder of the most well-known smart contract platform was amongst a group of nine other individuals being celebrated.Also in receipt of doctorates were: writer Hansjörg Schneider, hospice founder Verena Grether, medical engineer Robert Riener, judge Thomas Stade
New ASUS Partnership Allows Users to Mine Crypto With Idle GPU Power

New ASUS Partnership Allows Users to Mine Crypto With Idle GPU Power

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Taiwan-based tech giant ASUS has partnered with GPU mining platform Quantumcloud to allow users to mine crypto via their graphic cards, multinational tech media TechRadar reported Thursday, Nov. 30.According to the agreement, ASUS graphic cards owners will be able to mine crypto through Quantumcloud software and withdraw earnings using PayPal or Chinese app WeChat.The new partnership allows gamers to monetize idle GPUs when the units are not occupied by graphic-consuming processes by mining cryptocurrencies such as Bitcoin (BTC).However, Quatumcloud does not guarantee specific profits or outcomes for users, stating that users have to consider usage costs on their own, according to U.K.-based tech publication HEXUS.net. The GPU-mining startup claims to provide high standards of customer dat...
What Does Floyd Mayweather’s Crypto ICO Settlement with the SEC Imply?

What Does Floyd Mayweather’s Crypto ICO Settlement with the SEC Imply?

NEWSBTC
Boxing champion Floyd Mayweather Jr. and music producer DJ Khalid have both settled charges with the U.S. Securities and Exchange Commission (SEC) for failing to disclose that they were paid to promote initial coin offering (ICO) projects to the public.The charges against the two celebrities came about after they both used various social media outlets to promote ICO projects that were in the midst of fundraising rounds.Mayweather sent out a tweet to his nearly eight million followers regarding an ICO fundraising round being conducted by Centra Tech ICO, who reportedly paid Mayweather $100,000 to tweet about the project.“Get yours before they sell out, I got mine…” Mayweather wrote.The same project also paid music producer DJ Khalid to tweet about their ICO, who called the project a “game c
German Private Equity Firm Xolaris Doubles Down on Bitcoin Mining Efforts

German Private Equity Firm Xolaris Doubles Down on Bitcoin Mining Efforts

BITCOIN
Bitcoin’s terrible price performance forces companies to make tough calls. Especially in the mining department, breaking even has become a lot more difficult. German private equity fund Xolaris sees things differently. The company will invest $50m in Bitcoin mining for the Asian market. The Current State of Bitcoin MiningThe topic of Bitcoin mining has gotten a lot of attention throughout 2018. In most cases, this pertains to the electricity consumption associated with this process. There is also the falling Bitcoin price to keep in mind. A lower price makes it more difficult, if not impossible, for miners to break even. So far, the year 2018 has not been too positive in that department.Last week, Bitcoin briefly became the least profitable version to mine. Both Bitcoin Cash and Bitcoin SV
New Exchange to Offer Customizable Dashboards — Giving Traders the Information They Want

New Exchange to Offer Customizable Dashboards — Giving Traders the Information They Want

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY, ETHEREUM
A new exchange says it has the goal of becoming “the most professional, global and secure marketplace for digital assets” — utilizing state-of-the-art technology that it claims can deliver a processing capacity of 1.5 million order matches per second.ProBit says its platform is “fast, robust and reliable” — helping to give its users an upper hand while trading. The company says security is a priority, and this is why it promises to store “95 percent or more of digital assets in a cold wallet” — protecting users against security breaches and theft. Hardware security keys are also being made available to traders, which are “impossible for hackers to crack,” yet convenient to use.According to the company, many traders end up using multiple exchanges because they cannot find the trading pairs