First ‘Jackpotting’ Attacks Hit U.S. ATMs

“ATM ‘jackpotting’ — a sophisticated crime in which thieves install malicious software and/or hardware at ATMs that forces the machines to spit out huge volumes of cash on demand — has long been a threat for banks in Europe and Asia, yet these attacks somehow have eluded U.S. ATM operators. But all that changed this week after the U.S. Secret Service quietly began warning financial institutions that jackpotting attacks have now been spotted targeting cash machines here in the United States.”

Read more: https://krebsonsecurity.com/2018/01/first-jackpotting-attacks-hit-u-s-atms/

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401(k) millionaires are bragging and posting their balances to social media

“In what many will see as the latest sign of investor euphoria — and of our society’s oversharing epidemic — sharing your 401(k) balance on social media seems to have become a thing. With the Dow Jones Industrial Average and the S&P 500 index hitting record after record since President Trump’s election in November 2016, the question, ‘How’s your 401(k) doing?’ has become a staple in his speeches at campaign-style rallies and fundraisers. And 401(k) balance shoutouts have become a staple among his supporters — and detractors — on Twitter.”

Read more: https://www.marketwatch.com/story/people-are-bragging-about-becoming-401k-millionaires—-and-posting-their-balances-to-social-media-2018-01-29

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Bitcoin broker Coinbase booked $1 billion in revenue last year, IPO rumored

“Coinbase now has more brokerage accounts, over 13 million, than the trading giant Charles Schwab.  In recent months, the company has moved into the business of storing digital cash for big institutions like hedge funds.”

Read more: https://www.recode.net/2018/1/22/16911692/cryptocurrency-bitcoin-trading-coinbase-revenue-secondary

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South Korea’s Crypto Craze Explained by Seoul’s Largest Investor

“A tech savvy nation that highly valued digital goods and also had a penchant for gambling without a viable outlet was naturally drawn to cryptocurrencies. The densely packed and hyper-connected composition of Seoul allowed for word of the massive gains being made from cryptocurrency investments to spread rapidly throughout the population, creating a mania. The rise of cryptocurrency’s popularity coincided with political turmoil that distracted the government from a situation that under normal circumstances, it would have tried to control.”

Read more: https://www.cryptoambit.com/blog/2018/1/21/south-korea-and-the-crypto-craze

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Samsung confirms it is making ASIC chips for cryptocurrency mining

“The news brings big-name competition to the ASIC space, which is dominated by China’s Bitmain and Canaan Creative, both of which work with Taiwanese giant TSMC. Indeed, the crypto explosion is said to have added $350-$400 million to TSMC’s (already impressive) quarterly revenues.”

Read more: https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/

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Messaging giant Line catches cryptocurrency fever

“Line has created a new financial company that will offer cryptocurrency trading on top of staples like insurance and loans. It’s not saying what currencies will trade or when the virtual money service will be an option, but it plans to make all the services available within the Line chat app.  This isn’t as far-fetched as it sounds. Japan is one the largest cryptocurrency markets, and it still has a huge user base even when you don’t include its other products.”

Read more: https://www.engadget.com/2018/01/31/line-plans-cryptocurrency-trading/

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YouTube Is Serving Covert Cryptocurrency Mining Ads

“It’s like someone figured out how to monetize the awful Flash ads everyone used to hate for eating CPU cycles. A true win-win! And now it’s even hitting YouTube.  TrendMicro has released an updated report, showing a sharp rise in ads served by Google’s DoubleClick service being infested with mining software. Like other attacks, this one uses a Javascript miner to mine Monero via Coinhive.”

Read more: https://www.extremetech.com/internet/262934-youtube-serving-covert-cryptocurrency-mining-ads

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Facebook bans all crypto-currency ads

“Facebook has said it will block any advertising promoting crypto-currency products and services.  Facebook urged users to report any ads the company’s security measures missed.  It admitted it would not always catch every ad for a crypto-currency.  ‘We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception,’ wrote Rob Leathern, product management director for Facebook Business.”

Read more: http://www.bbc.com/news/technology-42881892

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India Bans Bitcoin But Embraces Blockchain

“India’s government said it doesn’t consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them.  The South Asian nation’s income tax officials had started investigations into transactions at various illegal bitcoin exchanges in December, soon after the country’s central bank cautioned users about potential risks. The federal government had also set up a panel to decide on India’s stand on virtual currencies, people with knowledge of the matter said on Dec. 12.”

Read more: https://www.bloomberg.com/news/articles/2018-02-01/india-to-curb-cryptocurrency-use-while-embracing-blockchain

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Making a Crypto Utopia in Puerto Rico

“Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading en masse to Puerto Rico this winter. They are selling their homes and cars in California and establishing residency on the Caribbean island in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which now reach into the billions of dollars.  They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like. Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society — and the Puertopians want to prove it.”

Read more: https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

 

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