Day: June 8, 2018

Despite the SEC’s reluctance, crypto ETFs might be arriving soon

Indian cryptocurrency users are more at risk of being scammed than ever before. Hackers and cyber criminals are targeting the less security aware with increasingly elaborate schemes.

Cryptocurrency Security is the Responsibility of the Users Themselves

A report in Quartz states that the number of Indian cryptocurrency-related crimes is rising quickly. There are many ways that criminals are using the financial innovation. These include phishing, hacks, multi-level marketing schemes, and even kidnappers have demanded ransom payments be made using digital currency.

Phishing is one of the the oldest ways to defraud someone online. The premise is a simple one. An email is sent from a legitimate looking address that uses similar formatting to official correspondence from whatever the company chosen uses. The target is asked to fill in details and return the email. This allows attackers to access the accounts of the victim.

Examples of ransomware and hacking are also rising in India. According to Quartz, a cryptocurrency investor from New Delhi lost Bitcoin worth around $10,000 to hacking. She appealed for help to get the funds returned. Unfortunately, the individuals that she contacted managed to steal more Bitcoin from her, this time amounting over $50,000.

There are also more examples surfacing of fake applications and social media accounts being used to defraud digital currency users. In one high profile case hackers made a Twitter account that imitated that of the Zebpay exchange. They messaged followers of the official Zebpay twitter account asking them to deposit money with them. In return, they were promised a larger payment in Bitcoin.

Classic ponzi schemes are also being used with increasing frequency in India. GainBitcoin, a company founded by Amit Bhardwaj, promised investors 10% returns on their initial stake every month. Many people were duped by the scheme that involved them signing up more investors to continue the multi-level marketing scam.

Of course, Indian cryptocurrency exchanges too can fall victim to attacks. The unfortunately named Coinsecure was compromised to the tune of 438 Bitcoin in April. It was later revealed that this was an inside job by one of the employees at the exchange. It was the first time such a crime has been committed in India. However, globally exchange hackings are common.

Finally, even traditional criminals have turned to cryptocurrency too. According to the report in Quartz, nine police officers in Gujarat were accused of kidnapping a businessman in April. In exchange for his freedom, the group demanded payment in digital currency.

However, Indian cryptocurrency firms contest that it’s not the industry itself that is to blame for the rising criminality surrounding it. The head of a cryptocurrency exchange who didn’t want to be named told Quartz:

“Wherever there is money, there will be scams and there is nothing surprising about that… But that doesn’t mean that you can blame the whole system because investors are being stupid and jumping into these random money-making schemes or clicking on strange links to make a quick buck.”

The rise in crimes associated with cryptocurrency is not a situation unique to India. Earlier this week, we reported that an estimated $1.1 billion in digital currency had been stolen by various means in 2018 alone.

Featured image from Shutterstock.

The post Cryptocurrency Scams Becoming More Frequent in India appeared first on NewsBTC.

The governor of Connecticut has signed a bill into law, which will establish a working group to study blockchain technology

Most people know Monero as a privacy-centric coin. Monero’s team would do anything to remain reputable in that sector. This is partly the reason why its valuation exceeds $2.5 billion. In recent weeks though, GitHub acquisition may end up fueling recent price slump despite coin listing at Huobi. Week over week, XMR is up three percent in the past week but down five percent in 24 hours hinting at how bear pressure have been. Would there be a reversal if we see pockets of bull pressure at $140?

Let’s check what the charts say.

From the News

So, perhaps the biggest acquisition this week is that Microsoft acquisition of an open source code repository site, GitHub for a whopping $7.5 billion. The coding community is not very happy about this especially considering Microsoft’s track record of nurturing products. Originally, GitHub was meant and actually remain as it is, a place where coders anywhere in the world can collaborate. At any time of the day, they can download a given code, review and update it for review by other developers.

We're thrilled to announce that we've entered into an acquisition agreement with @Microsoft! https://t.co/4DezuXTJfV pic.twitter.com/LUZxjXFVVw

— GitHub (@github) June 4, 2018

It’s also a receptacle for code for several startups as its purely open source. At the same time, non-technical persons can go to GitHub, download the same code and use it for their own purposes. It is how it works until now. While Microsoft insists that it shall remain at it was and assuring the coding community that GitHub will always be a “developer first” platform running independently from Microsoft, most don’t agree. And they are right.

After this acquisition, new terms and conditions indicate that Microsoft is asking developers to upload their user ID and in one of the clause they say all the code uploaded to GitHub belongs to Microsoft. That’s not all, what will happen to GitHub’s Atom Editor? Will it be de-prioritized or GitHub be swamped by Ads because anyway how would MS make their money?

To those that have @GitHub accounts:

If @Microsoft buys GitHub… would you continue to use it? Or would you move your repositories to a different service?

— Bryan Lunduke (@BryanLunduke) June 2, 2018

These and many other reasons are why Monero might, just might move to GitLab. After all, it has a parallel repository there and are more concerned about privacy than most cryptocurrencies. Then again, the outrage now is why could GitHub sell whereas it was founded out of open source principles?

Monero (XMR) Technical Analysis

Weekly Chart

Here, it’s hard to miss those series of lower lows in the last five months. Despite there being pockets of buy pressure mid-range, it’s obvious that sellers are in charge. Going forward, it simple to trade with the trend and sell with every high in lower time frames. However, that would be risky considering recent technical formations in this time frame.

Our first level of support lies at $140 which coincidentally is Dec 2018, Feb and June lows as the weekly chart shows. Because of this, $140 is important for our analysis. Secondly, the shape of last week’s candlestick and the rejection of lower lows resulting in the bullish pin bar at around main support. Ideally, this week could have been a perfect week for searching long trades in the daily or even the 4HR chart. However, the failure of Monero (XMR) buyers to push prices above $180 contradicts last week’s candlestick and this keeps us at bay for the moment.

Daily Chart

Like most coins, Monero (XMR) prices have been moving within a tight trade range with upper limits at $180. The lower limit and main support remains anchored at $140. As we have mentioned, $140 plays a role because should there be a confirmation of bear pressure today replaying yesterday’s events then our next stops is at $115.

On the other side of the coin, should we see prices aligning with last week trend and recovering above June 3 highs then odds of prices testing $220 and later $300 would be high. For those who are skeptical, remaining neutral until either of our conditions are met is a better strategy.

The post Monero Insider: “Monero Open For GitLab Move After GitHub Acquisition”: Monero (XMR) Technical Analysis for June 9, 2018 appeared first on NewsBTC.

Evidently, this week has been bearish. Even in the midst of raging bears, EOS is still outperforming gaining 16 percent in the last week. This is despite investor frustration due to their delay in launching their blockchain. There is anticipation and should we see a “go” vote, then prices are likely to print new highs. On the other side of the spectrum, IOTA user case applications seem endless and that’s why it’s a long term buy-hold coin. Our technicals recommend buying IOTA once prices print above $1.8.

Now, a look at the charts:

EOS Technical Analysis

EOS mainnet launch delay is not only a technical but a protocol and a trust issue. From my understanding and what online commentators say, the decision by block producers to print an additional 19,000 EOS tokens to address Random Access Memory (RAM) issue and booting the blockchain is invalid because as the protocol dictates, there should be a finite amount of tokens in circulation.

Craig of EOS BlockSmith had this to say:

“Personally I think this issue was closed. I agree with Dan, we should just print tokens. We have a 72 hour old chain done this way, we should stick with it”

Their decision shows how powerful there are because they would be apparently changing the constitution while bugs continued to be found. Then, from the trust angle, the reason why there is a “no-go” vote is simply because of the EOS blockchain protocol that dictates that 15 percent of EOS coin owners should at least vote for one Appointed Block Producer (ABP), who in turn would take custody of the network before everything else is resolved. Should ABP go AWOL resulting in key sharing then we should have a fork on EOSIO 80 hour old blockchain.

As anticipation mills over when EOSIO would launch, prices are down. In the daily chart we can see that buyers struggling to print above $15 while sellers are adding their short position with every high. We cannot really give a straight forward call here. It’s a waiting game with clear buy or sells triggers laid out according to our previous trade plan.

Litecoin (LTC) Technical Analysis

There is nothing much from the fundamental end neither can we see strong movements from the charts. Even after reasonable positive announcements and strong marketing campaigns aimed at encouraging retailers to pay their bills using LTC, we are still seeing these horizontal price movements.

For perspective of how this accumulation has been, prices are down two percent as I type this in the last 24 hours and up one percent week over week. In all this, Litecoin is moving inside a $5 range in the last five days. Because of this, our recommendations are pretty much unchanged. We hold a positive outlook as we wait for breaks above $130 but any form of sells below $115 would effectively invalidate this skew.

Stellar Lumens (XLM) Technical Analysis

As we conclude the week, Stellar Lumens performance like the rest of the market has been dismissive. Not only did it gain a meager three percent in the last seven days but it is trading within a very tight 3 cents range. That’s how things are. So, like yesterday and the day before yesterday trade plan, we shall maintain a neutral outlook until after we see gains above 30 cents or below 27 cents.

Tron (TRX) Technical Analysis

Odyssey v2.0 is what Tron and Justin Sun want to see become solid. They are incentivizing developers to thoroughly check the network for vulnerabilities by raising the bounty to a cool $10 million and giving these guys ample time to grill the platform. Remember, before their Independence Day schedule for June 25, we should see whether Tron is a sieve or not. Justin is serious about security and so are Tron supporters and coin holders.

Talking of support, there is some bit of sell pressure rejection at 5.5 cents judging from the way candlesticks are closing. See those long lower wicks hinting of support in lower time frames? Those are good indicators but that doesn’t mean we buy right away. Like previous trade plans, the best way to trade is to wait for break outs which by the way can be in either direction. Above 7.5 cents or below 5.5 cents, it entirely depends on what participants think of TRX value. So, let’s see where prices would break to today.

IOTA (IOT) Technical Analysis

It’s true that IOTA prices took a hit in previous sessions but after yesterday’s follow true of June 7 pin bar, it’s likely that buyers would follow through. I would recommend taking longs after prices break above $1.8 or June 7 highs with stops at $1.6.

The post Critic: “By Agreeing To Print 19,000 Extra Tokens, EOSIO Are Violating Their Constitution”: Tron, EOS, IOTA, Stellar Lumens and Litecoin Technical Analysis (June 9, 2018) appeared first on NewsBTC.

Venezuela’s native cryptocurrency hasn’t gotten off to a good start. Although there was a lot of initial excitement regarding the Petro, it seems the introduction of this currency to the masses is not going according to plan. In fact, it is still not part of the secondary market, which raises a lot of (valid) concerns.

The Current State of the Petro

Most people are familiar with the concept of the Petro. This national cryptocurrency issued by Venezuelan President Maduro has gotten a lot of attention, though not necessarily for the right reasons. It is a currency backed by the country’s oil reserves, and it was sold during an initial coin offering of sorts to private investors a few months ago.

One of the main reasons why this currency attracted attention was that President Maduro promised it would become a part of the country’s secondary market. That has not happened just yet, as there are virtually no use cases for this national cryptocurrency. Earlier promises that consumers would be able to buy everyday goods with the Petro also have yet to be fulfilled, and it remains unclear if that will ever be the case.

At the same time, it is important to point out that 130.7 million Petro has been put aside for various projects throughout Venezuela. The list includes housing projects, a bank, international agreements, and new industrial zones. However, for the average person on the street, there is no benefit to the Petro just yet, and that may not change in the near future. That’s a rather worrisome development for anyone who had high hopes for this currency.

Until the Petro makes its way onto domestic exchanges, the purpose of this national cryptocurrency will remain unclear. It is also interesting to note that the promised amount of Petro has not been included in the Central Bank’s international reserves. As such, there are many questions surrounding the Petro which remain unanswered.

Earlier this year, there were some rumors regarding an impending trade deal involving India and Venezuela. It appears that deal has fallen through, as the Indian government has no plans to use the Petro in an active manner despite a 30% discount on crude oil purchases. This only further confirms that the national cryptocurrency project is all but dead in the water at this stage, although that is not entirely unexpected.

Creating a national cryptocurrency is a lot more complicated than the Venezuelan government may have anticipated at first. Getting this currency into the hands of investors is the smallest challenge. Incorporating it into the national economy, on the other hand, poses a lot of other challenges which can’t be overcome by sheer force. For the time being, the Petro remains a unique yet rather useless creation, which is rather unfortunate.

Bitcoin Press Release: Tech startup Datablockchain.io presents an ultimate use case for Blockchain integration through their DBCC token ecosystem.

North Kingstown, Rhode Island (June 1, 2018) — DataBlockhain.io, a revolutionary platform combining big data, blockchain technology and artificial intelligence has announced a partnership with Virtual DBS. A marketing industry innovator, Virtual DBS offers customer profiling and predictive analytics to deliver highly targeted digital marketing campaigns. The companies have combined forces to give clients the benefits of blockchain, fortified by cutting-edge analytics.

As a digital marketing industry leader, Virtual DBS brings powerful big data experience to its partnership with DataBlockhain.io. By leveraging innovative blockchain technology, the alliance allows clients to access and purchase comprehensive marketing data via a secure, frictionless platform.

Brad Mitchell, Founder and CEO of Virtual DBS stated that;

“We are really excited about our partnership with DataBlockchain.io. Virtual DBS has leveraged innovative technology to drive acquisition, retention and growth for our clients. By combining AI and machine learning with the billions of records in DataBlockchain.io, our partnership will deliver unique and powerful market intelligence to businesses of all sizes.”

The partnership between Virtual DBS and DataBlockchain.io will further enhance the suite of offerings from DataBlockchain.io. The firm will be the first in the marketing industry to offer customized analytics of both customers and markets that is powered by artificial intelligence and delivered securely using the power of blockchain technology. This will allow businesses to predict their customers’ behavior to maximize impact and extend reach.

said Adam Mittelberg, Chief Marketing Officer of DataBlockchain.io stated that;

“Virtual DBS has a proven track record in the field of predictive analytics, bringing a powerful tool to DataBlockchain.io clients,”

He went on to add;

“Leveraging their expertise in analytics and digital marketing will enable our clients to accurately target their audience and reach them with innovative digital campaigns. This collaborative effort enhances the DataBlockchain.io market strengths and we’re looking forward to offering this innovative service to our clients.”

DataBlockChain Token Sale

On May 27, 2018, DataBlockChain.io launched its token pre-sale, allowing investors to purchase tokens at a significant discount from the initial launch price which will be available on June 27. For more information visit DataBlockchain.io. For more information about Virtual DBS and using analytics to understand and enhance prospect and customer data, visit VirtualDBS.com.

About DataBlockchain.io

The DataBlockchain.io platform is a crucial offering to the marketing and advertising industry, which was last year valued at $591 billion. With the need for accurate information only growing, DataBlockchain.io will provide proprietary data, ranging from governmental, industry specific and business channels to name a few. The project aims to provide a comprehensive variety of data sets valuable to individuals from any industry background.

For companies outside of the Fortune 500, access to quality data has been a tremendous issue, but DataBlockchain.io is looking to overturn this. Quality data will no longer be a resource for those with extensive funds through removing the middlemen from data purchases. This opens up an untapped market of potential clients internationally.

Visit the Website: https://www.datablockchain.io/index..php#abouts
Check out the MVP: https://www.dbc.io/
Read the Whitepaper: https://www.datablockchain.io/documents/whitepaper.pdf
Connect on Telegram: https://t.me/DBCIO
Follow on Twitter: https://twitter.com/DBC_IO
Follow on Facebook: https://www.facebook.com/datablockchainio-210421122875853
Medium: https://medium.com/dbc-io/announcement-datablockchain-telegram-airdrop-39beefe5b9bb
LinkedIn: https://www.linkedin.com/company/datablockchain/
Reddit: https://www.reddit.com/r/DataBlockChain_IO

Media Contact

Name: Rick Tapia
Email: [email protected]

DataBlockchain.io is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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The post PR: Partnership Between DataBlockChain.io and Virtual DBS Enhances Power of Blockchain Technology Using Predictive Analytics appeared first on BitcoinNews.com.

Asia and Australia

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

Asia

Japan

Fujitsu starts blockchain-based reward points system: Japanese tech company Fujitsu has successfully rolled out a new blockchain-based system for its promotional campaigns like reward points and discount coupons according to a press release issued by the company last Wednesday.

According to the company, the system is going to be deployed across Japan to create awareness among merchants regarding its rewards program and how the promotional activities can be based on blockchain technology.

South Korea

Crypto margin trading to be treated as illegal gambling: The Cyber Crime Division of the South Korea government has declared that margin trading service in cryptocurrency exchanges that are on offer on most systems is equivalent to illegal gambling. The move comes after three Coinone executives involved in margin trading were reportedly close to being arrested because of margin trading.

The groundbreaking announcement was announced after problems arose in the margin trading business of Coinone, one of the largest cryptocurrency exchange in South Korea. In the exchange, users could borrow as much four times as their deposits in the cryptocurrency exchange and could make money or lose some depending on the behavior of the markets.

Supreme Court rules crypto as assets: In a groundbreaking move, the Supreme Court of South Korea has overturned the decision of a lower court and declared that Bitcoin is a recognizable asset. 

The move came after a notorious case last year in which a 33-year-old child pornography suspect was found to have BTC 216 but the government couldn’t confiscate them because the law didn’t recognize them as “tangible assets”.

Vietnam

Government calls for crypto mining equipment ban: The Vietnamese finance ministry has announced that it is proposing banning cryptocurrency mining equipment imports in the country according to government sources.

The latest proposal is seen as a step towards a blanket cryptocurrency ban in the country as the country treats all non-cash payments as illegal and Bitcoin is not yet recognized as cash.

Indonesia

Supervisory board signals green light for Bitcoin futures: The country’s top securities regulator Indonesian Futures Exchange Supervisory Board (Bappebti) has finally designated cryptocurrencies as commodities and they are now available for trading in the future exchange according to latest reports from Coindesk.

The Bappebti was formed in 2005 to regulate the financial market in Indonesia. Jakarta Post posted the news that the governmental commission after an extensive four-month study cleared the way for Bitcoin futures trading in the country.

Philippines

Government looking to blockchain for tax collection: The Philippines department of finance is looking towards blockchain technology for improving tax collection and business improvement initiatives according to latest reports from the Pacific nation.

Paolo Alvarez, the DOF spokesperson said:

“Yes, of course, we are open to exploring blockchain. Secretary (Carlos) Dominguez is really pushing for the application of financial technology. He wants to harness fintech to improve business, for example, payment of taxes online.”

While this is vague, it may be seen as a positive development towards pursuing blockchain-based solutions.

China

Blockchain “checks” to combat fraud being developed by China central bank: Digital Currency Research Lab by Di Gang in People’s Bank of China has announced that is going to use a system capable of issuing blockchain-based checks to combat check-related frauds in the Chinese market.

The tech was the result of a year-long effort initiated by the Chinese government to decrease fraud in the country’s sprawling fintech setup. The country has been suffering from check-related fraud for some time because of a large number of intermediaries that issue checks and it is difficult to legitimize the entire operation.

State TV claims blockchain 10 times more valuable than internet: The Chinese government is banking a lot on the success and application of blockchain technology with the state-run CCTV channel saying that blockchain could be “ten times as valuable” than the internet.

In an hour-long panel in Chinese language by host Chen Weihong, the panelists, including private and public blockchain innovators, termed the technology as exciting and futuristic that will have a lot of worth in the future.

Baidu develops ‘SuperChain’: Baidu has announced the successful development of a new blockchain protocol called SuperChain. The protocol will allow diverse applications of the technology in the future.

Baidu has been at the forefront of the blockchain revolution in the country. It is one of the most popular platforms in the world as 76% of Chinese searches taking place through its search engine rather than Google.

Brunei

Bitcoin as valuable as world’s most valuable currency, Brunei’s 10,000 dollar note: Brunei Darussalam is one of the richest countries in the world according to state wealth and as of right now with Bitcoin hovering around USD 7,420, the cryptocurrency’s unit worth is just about the same as the most expensive currency note: the 10,000 Brunei dollar bill issued first back in December 2006.

While Bitcoin has seen better days, even now the biggest cryptocurrency in the world is equal to the most expensive currency note. The total market cap is, however, less than the tiny East Asian nation’s riches.

Australia

Company loses $6.6 million in crypto: Australian company Byte Power Party has lost over USD 6.6 million worth of cryptocurrencies when a Singapore-based company Soar Labs tried to invest in it without actually paying for it.

The bizarre incident occurred when Soar Labs was found to have a backdoor in its contracts and reportedly froze the coins it had paid to the Byte Power company in exchange for buying 49% of their stake. When Byte Power started selling their coins, Soar found out and stopped the process through the backdoor. Soar will likely be facing criminal charges in the backdrop of this incident.

 

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The post Asia and Australia: Crypto and Blockchain News Roundup, 1st to 7th June 2018 appeared first on BitcoinNews.com.

Cybersecurity being a priority

Cyber-crime is at all-time high. Number of possible attacks on systems still rises, and attacks themselves are becoming increasingly sophisticated. Today’s internet faces virtually relentless assault from hacker teams, criminal syndicates, unsavory competitors and even from nation-states or hacktivists. Data breaches in web services are intensifying and being successful leave businesses and their reputation in shatters.
There is even greater danger if it comes to services involving any kind of monetary transfers, as data breach is almost always connected not only with identity theft, but also frequently with lose of client’s funds. The fact that so many businesses are still not investing in appropriate protections and continue to make simple mistakes suggests that, despite cybersecurity concerns being a priority, in many cases they aren’t being addressed appropriately.

Addressing cyber risks requires conscious effort. Companies need to know sources of vulnerability and how they can be exploited. While recent high profile breaches have helped improve public understanding of attacks and their nature, some vectors of attack remain virtually unknown. Area which is often neglected is user interface protection. User interface protection refers to the security measures organizations must employ to defend themselves against attacks perpetrated „in the browser”. Man-in-the-middle and man-in-the-browser are examples of such cyber-attacks which, if undetected, can cause extensive economic damage, particularly in the case of web sites involving any kind of fund transfers, where the economic incentive for hackers is large.

Despite research suggesting that at least 10% of all cyber-attacks are focused in this area, current estimates have found that up to 80% of organizations have taken no action to protect themselves.

Cyber-criminals focus on UI

Failure to protect the UI provides easy access for cyber-criminals and allows them to infiltrate web browsers to modify web pages, transaction content, or insert additional transactions, all completely covertly. This form of content manipulation can be severe. While many companies have come to understand phishing scams, in which an unsuspecting user is directed to a fake website through a link in an email or some other notification, “in-the-browser” attacks occur when the victim has entered the URL into the browser independently. On the surface, interactions and transactions are taking place normally, with expected prompts and password requirements, but underneath hackers are monitoring, modifying, and exploiting the information for personal or financial gain, at the expense of both the user and organization.

Codesealer and On.Live – example of implementation

As On.Live as a project involves transfer of funds with most of the operations performed by user, and by definition almost all services provided by businesses operating within the platform are payed, end user security is one of the most important aspects and shouldn’t be neglected. Carrying for protection of our users and their funds, we decided to employ user interface protection solution provided by CodeSealer. CodeSealer solution specializes in eliminating in-the -browser vulnerabilities. It is recognized by Gartner as a financial fraud detection strategy for user interface protection. CodeSealer is perfectly placed to offer the protection from UI-based cyber-attacks, and that is a necessity in case On.Live and any other business in today’s environment. CodeSealer is completely invisible for the end user. No installation is required by customers. But On.Live users will be enjoying additional layer of security. As the solution implemented on server side of the platform it works across the applications and guards against attacks, potentially destructive for our clients, even if  their device is infected with malicious software. CodeSealer works with every browser on any operating system including apps for smartphones build with HTML and WebView.

Technical details

From more technical standpoint CodeSealer provides instant coverage and don’t require end user installation. WSF, the Web Session Firewall secures user sessions implementing several advanced techniques, preventing any unauthorized manipulation of data on the server by man-in-the middle attacks, but also any malicious actions that can originate from unwanted add-ons or scripts on client’s browser side. Product consist of several logical modules, each adding another layer of protection and working in concert, providing robust security package virtually impossible to penetrate.

• Built-in bootloader protects the session, using dedicated session keys, dynamic obfuscation and additional encryption layer.
• The dynamic obfuscation hides code patterns, statements and functions leaving attackers without traces and insight. All in the manner that doesn’t give sufficient time between encryption key changes to break the code.
• Standard HTTPS encryption provides security between HTTPS gateway on the server side, to the SSL/TLS termination point in client browser.
  Web Session Firewall goes one step further. It adds an extra layer of encryption and authentication inside HTTPS layer. WSF encryption protects connection all the way from server to WSF client running in customer’s browser.

• Additionally, to session encryption WSF encrypts all URL on the website preventing SQL injection attacks and cross-site scripting through URL parameters, hiding not only the address, but also the server-side structure of the website. Working firewall hides application code by storing and executing all web-site’s JavaScript code inside its client, making analyzing the code extremely tedious and inefficient process.
• Added web page encapsulation prevents from unknown vectors of attack, and any page manipulation by rechecking the send page with data send back from the WSF client in browser. Only valid data entered by user such as input forms is permitted as a deviation from comparison of sent and received webpage code.
• Codesealer’s WSF also provides elaborated forensic reporting and handling, with administrator customizable behavior in case of detected discrepancies and possibility of attack. While no solution can protect 100%, obfuscated and sealed sessions will dramatically improve the security, and cybercriminals will constantly be faced with changed and hidden application code making it virtually impossible to re-use malicious attacks.

The results of this approach is that a secure session between the customers’ browser and the online system can be established. It can be used to continuously monitor the web page displayed to the user and react to unknown and malicious code.

The CodeSealer Web Session Firewall by its design covers zero-day and even unknown and undefined attack vectors. What’s also important it is compliant with GDPR which is essential for any business handling EU consumer data today and in the future. WSF solution by CodeSealer currently under implementation in On.Live platform is overall much more modern and sophisticated than other products present on the market. Our team takes security very seriously. By implementing CodeSealer WSF on the platform we are following footsteps of financial sector where it is implemented for over 3 years and processes over 30 million transactions per day.

Check website  https://on.live/
Watch INTRO movie  https://youtu.be/2TjrMS07trY 
Watch platform VIDEO presentation  https://youtu.be/3BV3YwprKcQ 
Comment  https://t.me/OnLive
Follow our announcements  https://t.me/OnLiveICO
Check ONL tokens safety  https://v11.on.live/
Read whitepaper https://on.live/documents/OnLive_Whitepaper.pdf

Contact info [email protected] , [email protected]

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of NullTX. This is not investment, trading, or gambling advice. Always conduct your own independent research.

There are many reasons why smart contracts are so popular these days. They are a natural extension of existing blockchain technology, but they also introduce a lot of new opportunities. Codius is looking to make smart contracts easier and smarter, which may prove to be a challenge.

Codius in a Nutshell

Anyone who has ever dabbled in smart contracts may have noticed that there is plenty of room for improvement in general. Moreover, there seem to be very few real-life use cases for smart contracts outside of the cryptocurrency industry as of right now. That situation will need to change sooner or later, and Codius aims to make positive things happen in this regard over the coming years.

How Does it Work?

Building a better infrastructure for smart contracts will not be all that easy. Codius acknowledges that a lot of challenges will remain in place for the foreseeable future, although things are seemingly progressing nicely. Ensuring that smart contracts across multiple blockchains can communicate with one another will certainly improve the existing ecosystem, even though it will require a completely different approach.

The Codius ecosystem works differently from existing smart contracts associated with either Bitcoin or Ethereum. It relies on independent hosts without an underlying blockchain. As such, the concept works more like an API, but one with infinite scaling possibilities and the capacity to read from and write to any existing or future blockchain in the ecosystem. It is a welcome change, although it remains to be seen how big of an impact Codius can make.

Additionally, Codius allows users and developers to determine their programming language. There is no proprietary language involved, which is rather interesting. Lowering the barrier to entry has been a top priority for the Codius team, and this approach will certainly pay dividends. Moreover, the project doesn’t use a native currency, as users can send and receive any digital asset, fiat currency, or other type of value across Interledger.

The Road Ahead

Although all of the above sounds rather promising, there is still plenty of work to be done. A new version of Codius has been released, which allows one to run standard containers written in any programming language. Making blockchain tech more mainstream will remain a challenge, but a venture like this one can make big things happen over the coming years. It seems the technology will make its way into open-source tools for XRP users, which will introduce some interesting changes.

The Moscow Exchange is looking to create infrastructure for companies to conduct ICOs and publish information about certain tokens

This article originally appeared on Bitcoin Magazine.

Bitcoin Press Release: HashByte, new cloud mining service is a new venture that seeks to revolutionise what people thought was already a revolutionary industry. HashByte will talk about them in a moment. Let HashByte just make it clear what the difference is between their project and the wide variety of other cloud-based mining companies out there.

June 1st, 2018. Perth, Australia: The HashByte Team  have been involved in the cryptocurrency ecosystem since its inception in 2009.  Utilising hash power, users can utilise anything from their computer to their phone to get involved in this new era of online transactions. But what if the user doesn’t have the time or resources to mine? With electricity costs skyrocketing world-wide and the overall difficulty to mine certain cryptos becoming increasingly harder, it is not unexpected that certain companies have jumped to the challenge and are offering new, affordable and safer for the environment options of Cryptocurrency mining.

Why HashByte

Cloud mining services allow users to rent hash-power from companies, on a year by year contract. Contracts are estimated dependant on their profitability and users tend to spend anywhere from $100 up to $100,000 gambling/praying that the price of Bitcoin rises from the time in which they purchased the contract, that pool fees stay low, that electricity costs are kept at a minimum and that the hardware stays affordable to keep online. That’s a lot of factors to be thinking about.

So what makes HashByte different? A member of the executive team was interviewed about just that and from what they have said, this is definitely a project to be keeping an eye on.

Anon, Head of Engineering, HashByte

“Essentially, we are trying to offer the lowest possible contracts, both to beat our competitors but to also save the environment. You see, traditional cloud-mining companies are using a hell of alot of juice to get the machines up and running and a hell of a lot more to keep them online. In most cases, that electricity is just being delivered directly off the grid, contributing to fossil fuel and greenhouse emissions, which are damaging our planet. People want to make money and we get that, but why should us profiting, have to equal the destruction of this beautiful place we live? And another thing is, these companies are then charging their users in ‘maintenance fees’, which is pretty much them just trying to keep on top of the ridiculous bills they are getting each month. So we changed things. We opened up centres throughout Europe that are being sustained entirely from green energy, from both wind and solar with the goal of even utilising biomass at some point in time. This means, we have no electricity fees, no maintenance fees, because we feel that should be on our shoulders, not our investors.”

This really does come across as a pretty powerful project and with a site online and already taking investors, it seems people are putting their trust in not just HashByte, but also cryptocurrency – which with the way Bitcoin was going last year, is definitely a positive during this calm period.

The HashByte site is currently listing that they are taking investments in Bitcoin, Litecoin and Ethereum so the top 3 players, but the team are quite confident that like the other cloud-mining services that’ll be just the beginning, with potential branch off into Monero, ZCash, etc.

Those who first go to the HashByte website are going to be shocked when they see the incredibly low prices, but it would seem that they are managing to guarantee lower fees thanks to both state-of-the-art hash mining setups and having no electricity fees, but we guess only time will tell if they are going to be able to continue to offer such amazing prices on hashing power in the long term.

A Step Ahead

It is definitely an interesting time for HashByte to be going public, with the recent fiasco at Envion, one of the most successful token sales for renewable mining and Hashflare contract prices soaring, offering little profit, if any..

It might come as a sigh of relief to those who have been trying to get involved in cloud-mining, but haven’t been able to find affordable contracts or been willing to take the gamble. A new face in the market might be just what we need right now for the competitors to finally begin to take their clientele seriously and not just doing what they please, thanks to holding the monopoly. And to those of you who run blogs, YouTube channels, Twitters, etc, don’t worry, HashByte seem to have got it covered for their clients too, offering a highly attractive ‘5% on all initial investments and reinvestments made by your affiliates’, not so bad considering the already highly appealing offer they are putting forward.

So, maybe this is the beginning of a new era for cloud-mining services. Considering the high volatility rate of cryptocurrencies which creates FUD amongst most crypto hodlers, Mining / Cloud-mining is considered to being a good investment option that’s proven to generate consistent profit regardless of the instability of the crypto market.

The team hope that through the efforts of HashByte, other companies will follow them into this storm, focussing on higher profitability as well as the lowest possible effect on the environment. And who knows, maybe the next millions will come from investing?

Visit the Website: https://hashbyte.io
Follow on Twitter: https://twitter.com/Hashbyte_mining
Follow on Instagram: https://www.instagram.com/hashbyte_mining/

Media Contact
Contact Name: James Edwin
Company Email: [email protected]
Company Location: Perth, Australia

HashByte is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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Cointelegraph

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 08 Cointelegraph At the beginning of the year, the analysts were very bullish on Bitcoin and had projected high targets for 2018. Many did not revise their target lower even after the sharp fall in January this year because they were expecting a sharp bounce from the lows. Bitcoin, Ethereum, Ripple Drop 3% in $9 Billion Crypto Market RetreatCCN all 28 news articles »

Africa and the Middle East

Welcome to our weekly roundup of all important blockchain and cryptocurrency news from around the world. Follow the latest developments in the cryptocurrency space continent by continent, country by country.

Africa

African Union

Africa has potential to become next frontier in crypto: According to a report by Economist Nigeria, Africa is in line to become the next cryptocurrency hub in the world. Economists believe that the technology has the ability to cause disruption in fintech circles because it is not bound by geography and records transactions in real time.

African countries with especially high inflation rates are among the places where cryptocurrencies are becoming increasingly popular as they have the ability to combat the crushing inflation despite being volatile themselves.

According to Tech journalist Mukesh Sharma, “Africa is rarely mentioned among the largest markets for cryptocurrency, but it may be set to steal a march over other markets.”

Mobile phone users that will increase to around 725 million subscribers by 2020 will present more and opportunities for cryptocurrencies to succeed. African governments themselves are in favor of blockchain technology as it will attract vital foreign investment and innovative development in the region. More than 15 cryptocurrency startups have taken root in the continent since the year’s start too. Mining, trading and ICOs are becoming more and more popular as well.

Zimbabwe

High Court reverses crypto ban: In a surprise move, the central bank of Zimbabwe lost its case against banning cryptocurrency exchange trading as the local high court ruled in favor of exchange Golix that filed the application, according to latest reports.

What’s surprising is that the Central Bank’s legal team failed to show up in court and thus the court had no choice but to award the case to Golix. The move was welcomed in Zimbabwe as many people there are now investing in cryptocurrencies to elude the hyperinflation that is rampant in the country. The Reserve Bank is already one of the least popular government institutions in the country.

No one from the central bank was available for comment.

Egypt

Egyptian Grand Mufti against Bitcoin: According to latest reports from Egypt, the Grand Mufti has declared that Bitcoin and other cryptocurrencies are against the principles of Islamic currency. The move comes after the mufti traded barbs with the imam of a local UK mosque that started accepting cryptocurrency donations.

The issue of Bitcoin is not yet resolved by the Muslim clergy but now more and more people are open to the idea of cryptocurrencies and their usefulness.

South Africa

Central Bank developing blockchain-based internal tokens payment: The South African Central Bank (SARB) is working on a proof-of-concept based interbank payment system that uses an Ethereum-based fiat token, according to latest reports from Cointelegraph.

The project Khokha as it is called has been entailed in the latest report by SARB. It says:

“The aim is to build a proof-of-concept (PoC) wholesale payment system for interbank settlement using a South African Rand token on distributed ledger technology (DLT), while also investigating interconnected issues such as the platform’s scalability, resilience, confidentiality, and finality.”

Blockchain startup ConsenSys has joined in with seven partnering banks to form a trial team for the new blockchain payment system. PricewaterhouseCoopers Inc (PwC) has also joined in as a support partner.

Crypto miners may be targeting South African computers: South African computer users could be the latest victims of crypto jacking according to latest reports of African newspaper The New Age that used visiting computers’ computing power to mine cryptocurrencies.

A shady code was unveiled by a tech-savvy visitor to the website who noticed that his system slowed down a lot upon visiting the website. Upon investigation, it was found that a crypto mining script had been inserted into the website’s code to mine Monero, a popular cryptocurrency focused on privacy.

The newspaper has denied adding the code and could face investigation.

Uganda

President promotes blockchain technology: President of Uganda Yoweria Kugata Museveni has made encouraging statements regarding the future development of blockchain technology. He made the remarks at the first Africa Blockchain Conference held in Kampala, Uganda this week.

President Museveni welcomed the technology to increase transparency in the monetary system of Africa and the world. He spoke at length about how businesses had become used to “secrets and deceit” and that blockchain provided a solution. He said he strongly believed that blockchain technology could streamline the goods and services across his country but also cautioned against complete breakdown of current infrastructure.

The Middle East

Israel

8 Israelis arrested in Philippines for crypto scam: Eight Israelis and 480 local Filipino residents have been arrested in a possible Bitcoin scam in the Philippines, according to latest reports from the Pacific nation. The group was reportedly involved in fraudulent activities amounting to millions of dollars.

The local police undertook these raids following tip-offs by people within the crypto community. According to the police, the Israelis were involved in supervision of the scam and they had defrauded citizens of New Zealand, Russia, Australia and South Africa who thought they were investing in cryptocurrencies.

Public outraged by crypto regulation crisis: A regulatory impasse is creating problems in Israel according to latest reports coming from the Middle Eastern country. The country is facing protests from the crypto community that claim they have been promised legislation.

Due to the said delay in regulating the space, the individuals and businesses operating in the country will continue to face massive issues in cashing out cryptocurrency deposits from local banks. The government cited money laundering fears as the reason behind the delay in the key legislation and has so far failed to make a breakthrough.

 

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