Researchers at Universidad Carlos III de Madrid and King’s College London have found that from 2007 to 2018, around $57 Million of Monero was mined via. Malware, January 3, 2019. Background of the Study The joint study co-authored and compiled by two researchers was published January 3, 2019, and it states that four percent of the Monero mined over the last decade was done by the use of malware bots. Malware’s 12-Year Monero Campaign The study was carried out through an analysis of 4.4 million malware samples finding that one million of them were used to mine Monero from their hosts. The one million malware strains were then analyzed over a 12 year period from 2007 to 2018. During this time, the scientists looked out for indicators of compromise and also made use of static and dynamic an
Monday, Jan. 21: cryptocurrencies are seeing price weakness across the board, with virtually all of the top 100 coins by market cap tipping into the red.Top ten coins have lost between 3 and 7 percent on the day, as data from Coin360 shows.Market visualization by Coin360Bitcoin (BTC) is down about 4 percent on the day to press time, slipping from a 24-hour high of ~$3,755 to its current price point around $3,570.Despite a jagged week of fleeting gains, the top coin has now come virtually full circle on its 7-day chart, and is trading just 0.5 percent down on the week. Monthly losses are nonetheless at a heftier 11 percent, according to CoinMarketCap.Bitcoin 7-day price chart. Source: CoinMarketCapRipple (XRP), currently the largest altcoin by market cap, is down fractionally less, shedding...
Cryptocurrencies were never apolitical. The fateful 2008 Satoshi Nakamoto treatise did not appear in an ideological vacuum: Notions of online privacy, proactive use of cryptography for protecting individual freedom, and denationalization of currency that informed the Bitcoin creator’s vision had been brewing for at least two decades, at least since the rise of the cypherpunk movement in the early 1990s. The libertarian spirit of individual sovereignty and suspicion of governments and central banks has dominated the intellectual milieu where the concept of digital cash was forged and developed into a working technology.As cryptocurrencies went more mainstream, the core community’s ideological purity has somewhat diluted — however, even in 2018, almost half of crypto users identified as eith
According to a January 17, 2019, press release from Palo Alto Networks’ Unit 42, a threat intelligence team, a Linux mining malware developed by Rocke group has advanced to uninstall cloud security products from Alibaba Cloud and Tencent Cloud to illegally mine Monero (XMR) on compromised machines. Monero (XMR) Mining Malware Gets More Powerful Per the report, Rocke group, the infamous creators of the Xbash malware, was first reported in July 2018 by Cisco Talos, a Cisco Intelligence group. The latter revealed that the actors behind the malware were deactivating some security monitors on computers. However, Unit 42 has indicated that after analyzing the latest cryptocurrency mining malware samples used on Linux machines, of which some were discovered in October 2018 from Rocke, their mode
Many believe that institutional money will not flow into cryptocurrency markets until there are more adaptability and flexibility with the markets with regards to investment products such as futures contracts. Gate.io has recently added two new assets to its “perpetual contract trading,” Monero (XMR) and Stellar Lumens (XLM), on January 18, 2019. The Financialization of Crypto One of the reasons that the forex market is so massive is the fact that it allows for traders to go long or short on specific currencies, according to the sociopolitical climate or by using technical and/or fundamental analysis. Since the cryptocurrency markets are so volatile, perpetual contracts platform allows users to bet on the price action both ways for various cryptocurrencies. The perpetual contracts feature
A recently observed form of malware uses a concerning new trick to avoid detection and mine cryptocurrency on cloud servers. Two researchers, Xingyu Jin and Claud Xiao, from cybersecurity firm Palo Alto Networks, published a report on Thursday, saying that a nasty bit of software from bad actors dubbed the Rocke group is targeting public cloud infrastructure. Once downloaded, it takes administrative control to first uninstall cloud security products and then inject code that mines the monero cryptocurrency. The researchers found that the Rocke malware injected code to uninstall five different cloud security products from infected Linux servers – including offerings from top Chinese cloud providers, Alibaba and Tencent. Adding insult to injury, the malware follows the uninstall steps set ou
On January 16, 2019, Binance CEO Changpeng Zhao confirmed that the exchange has frozen some of the stolen funds from the Cryptopia exchange hack discovered on their platform. On Ice Changpeng Zhao, the CEO of Binance, confirmed in a tweet that Binance has frozen some of the stolen funds detected in their exchange, writing: Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 The stolen funds in question belong to Cryptopia, an exchange that was hacked January 13, 2019, and had over $3.5 million in cryptocurrency stolen from it. It would now seem that the
Thursday, Jan. 17: crypto markets are stable, with major coins seeing negligible price change over the 24 hours to press time. Most of the top ten cryptocurrencies seeing only mild losses, capped within a 2-3 percent range. Almost half the coins in the top ten-twenty range have tipped slightly into green, as data from Coin360 shows.Market visualization by Coin360After an intraweek tumble to ~$3,550 Jan. 13, Bitcoin (BTC) is down a mild 0.9 percent on the day to press time, slipping from a 24-hour high of $3,685 to its current price point around $3,630.On the week, Bitcoin is down 5 percent; monthly gains are at a solid 10.5 percent, according to CoinMarketCap.Bitcoin 7-day price chart. Source: CoinMarketCapRipple (XRP), which has recently regained its rank as largest altcoin by market cap,...
The “Global Threat Index for December 2018” report from Israeli cybersecurity solutions company Check Point Software Technologies Ltd. has revealed that cryptocurrency mining malware has topped the chart for the 13th time in a row to be computer’s most prevalent attacks, according to GlobeNewswire on January 14. Cryptocurrency Mining Malware on The Rise Based on reports, SmokeLoader, a second-stage downloader that has been known to researchers since 2011 and used primarily to load other malware like AZORult, Infostealer and Panda Banker, has risen to the ninth position on the global malware rankings while cryptojacking solutions lead the index for the 13th time in a row. Despite the ongoing crypto winter, it appears bad actors are still very much interested in enriching themselves with ill
Tuesday, Jan. 15 — all the top 20 cryptocurrencies are seeing slight to moderate gains in the 24 hours to press time. Bitcoin’s (BTC) price has approached $3,700 again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is up nearly 3 percent on the day, trading at around $3,680. Looking at its weekly chart, the current price is lower than $4,060, where Bitcoin started the week.Bitcoin 7-day price chart. Source: CoinMarketCapRipple (XRP) is up just under 3 percent on the day, trading at around $0.33 at press time. On the weekly chart, the current price is lower than $0.36, the price at which XRP started the week — and notably lower than $0.38, the midweek high reported on Jan. 10.Ripple 7-day price chart. Source: CoinMarketCapEthereum (ETH) has seen its value