Rememberful Bitcoin News.
The worlds second largest cryptocurrency, ether (ETH), erased more than half of last week’s rally today amid a broader market sell-off.
The worlds second largest cryptocurrency, ether (ETH), erased more than half of last week’s rally today amid a broader market sell-off.
As the Indian government further complicates their stance on whether or not citizens should be allowed to trade and own cryptocurrencies, hackers have found a way to exploit government websites in order to make a fortune in cryptocurrency through a popular hack called cryptojacking. A team of security researchers have found that multiple government owned…
The post Hackers Find Goldmine by Cryptojacking Indian Government Websites appeared first on NewsBTC.
As the Indian government further complicates their stance on whether or not citizens should be allowed to trade and own cryptocurrencies, hackers have found a way to exploit government websites in order to make a fortune in cryptocurrency through a popular hack called cryptojacking.
A team of security researchers have found that multiple government owned websites are being exploited to secretly mine cryptocurrency from unsuspecting computers. These include the director of municipal administration’s website and Tirupati Municipal Corporation’s site, among hundreds of others.
Cryptojacking has become an increasingly popular way for hackers to acquire cryptocurrency by using the computing power of unsuspecting site visitors to mine various cryptos. By using a malicious code embedded in the links to websites, hackers can infect a computer in order to utilize the maximum computing power of the infected computer.
Security researcher, Indrajeet Bhuyan, spoke about the prevalence of this code on Indian government websites, saying that:
“Hackers target government websites for mining cryptocurrency because those websites get high traffic and mostly people trust them. Now, injecting cryptojackers is more fashionable as the hacker can make money.”
Last month, a report from U.S.-based security firm, Palo Alto Networks, confirmed that cryptojacking’s popularity is surging, coinciding with the increase in cryptocurrency’s popularity. The popularity of these attacks stems from the discreetness of the malicious code, as well as the supposed “victimless” nature of the crime.
Although the hacks may initially seem to be harmless, they can pose significant threats to the well-being of infected computers. A report by Russian security firm Kaspersky Labs found that unwarranted cryptocurrency mining can damage the internals and externals of a computer, especially laptops.
The report found that after two days of heavily mining Monero on an unsuspecting computer, the infected device showed physical signs of damage, including a deformed laptop shell due to an expanding battery.
The researcher conducting the research at Palo Alto Networks said that Monero (XMR) is the most popular cryptocurrency mined by cryptojackers, due to its anonymity features. The report notes that:
“By querying the mining pools themselves, instead of the blockchain, we’re able to say exactly how much has been mined without the fear of the data being polluted by payments to those wallets via other sources.”
The report concludes that at the time the research was conducted, a total of 798,613.33 Monero were illicitly mined by cryptojackers. That number has increased significantly in the time since the research was conducted.
The research by Indian cybersecurity companies coincides with this report, finding that many of the government sites, including the official website of Union Minister Ravi Shankar Prasad was infected by the malicious code, which was using computers to mine Monero.
The report notes that “A small chunk of the code installed on a website uses the computing power of any browser that visits the site to mine bits of the Monero cryptocurrency.”
Hackers are increasing their savviness and using new hacking methods in order to increase their profitability while still maintaining discreetness so as not to get caught by authorities.
Featured image from Shutterstock.
The post Hackers Find Goldmine by Cryptojacking Indian Government Websites appeared first on NewsBTC.
Airdrops are an integral part of the cryptocurrency industry these days. New tokens and assets are created on a regular basis, and a fair few of those offerings provide a share of their supply to existing cryptocurrency users free of charge. The following five upcoming “airdrops” can be more classified as bounties, as they all […]
The post 5 Current Airdrops You Don’t Want to Miss appeared first on NullTX.
Airdrops are an integral part of the cryptocurrency industry these days. New tokens and assets are created on a regular basis, and a fair few of those offerings provide a share of their supply to existing cryptocurrency users free of charge. The following five upcoming “airdrops” can be more classified as bounties, as they all require some effort on behalf of the user.
The SpendCoin airdrop/bounty has been going on for a full day and is expected to run until October 15th. A total of 260,000 SPND will be distributed as part of this airdrop to existing Ethereum wallet users. Users will need to jump through a few hoops to get their tokens. One needs to join their Telegram group, follow them on social media, and so forth. A total of 10 tokens will be distributed to every qualifying member.
The VogoV airdrop kicked off a few days ago and will run until December 20th. There is no specific cap as to how many tokens will be introduced to airdrop/bounty participants in the near future. The token is another ERC20 token which means users will need to have an Ethereum wallet address to participate. Claiming tokens requires entering an email address, following the team on social media, and creating a post about the VogoV project on said platform. Users will receive just 1 token, which may not necessarily seem too great to some.
Another bounty/airdrop taking place on the Ethereum network goes by the name of Magnetics. It does not appear to have a specific end date as of right now, Users need to join the Telegram group and submit some information prior to becoming eligible for this airdrop. A total of 100 tokens will be issued per user, which is a relatively decent amount. As is usually the case, the value one obtains from airdrops is very different from project to project.
The final Ethereum-based airdrop in the list goes by the name of Integrity. This is more of a bounty than a regular airdrop, primarily because of the numerous steps users need to go through. Subscribing to the whitelist, joining the Telegram group, and social media interaction are all required steps. Users will receive 100 ITX tokens in the end. It is important to note this ICO has nothing to do with the IXLedger ICO, which created its IXT token prior to this airdrop.
Holders of EOS will be quite pleased to hear they will see their fair share of airdrops and bounty-issued tokens in the coming months. In the case of MyWish, users will receive 40 tokens for joining the telegram group, as well as additional tokens on the airdrop date itself. Users will need to join the Telegram group, submit EOS account name and Telegram information through a form, and so forth.
As is always the case with these bounties, it is evident there are some caveats to take into account. This information may be used for promotional purposes moving forward, although one can always make a dummy account to participate in these bounty-drops. It is evident there is some good money to be made from these ventures, albeit no one will get rich overnight.
The post 5 Current Airdrops You Don’t Want to Miss appeared first on NullTX.
Malware, a persistent thorn in the side of the internet’s wider community, has become an increasing concern for cryptocurrency users. A problem that comes in many forms, malicious software is leveraged by hackers…
Malware, a persistent thorn in the side of the internet’s wider community, has become an increasing concern for cryptocurrency users. A problem that comes in many forms, malicious software is leveraged by hackers to rob community members of their funds. One program, dubbed the clipboard hijacker, for instance, operates by secretly gaining control of a Windows device’s running memory. It then replaces the Bitcoin address copied into a user’s clipboard with the address of the attacker, leading the user to unwittingly transfers funds to the hacker.
New Jersey–based BlockSafe Technologies is determined to make mobile crypto wallets more secure with a mobile wallet protection app called the CryptoDefender. According to the company, the CryptoDefender mobile app proactively prevents keylogging malware from stealing your cryptocurrency wallet login details.
The mobile app, which has a desktop version, is loaded with a host of features including a password generator that creates and stores strong passwords, a password vault for encrypting and storing passwords securely, a secure browser and an OATH-complaint one-time password (OTP) generator for websites that allows for two-factor authentication.
George Waller, who serves as the CEO of BlockSafe and the co-founder of cybersecurity outfit StrikeForce Technologies, played a pivotal role in introducing out-of-band authentication and keystroke encryption to the marketplace. He has also held management roles at RxRemedy, TeachMeIT and HealthSCOUT.
Speaking with Bitcoin Magazine, Waller said the threat posed by bad actors and malware is one of the biggest barriers to the mass adoption of cryptocurrency.
“Wallets are very vulnerable and insecure, with an average of $9 million stolen every day. By far, those most at risk of becoming victims at the hands of bad actors are those without IT teams, sophisticated cybersecurity tools, or the experience to understand how great the risk can really be,” he remarked.
“The best targets to steal crypto from are the everyday investors, the folks that did the research and took the chance of investing their hard-earned dollars in an emerging and revolutionary technology, and as blockchain cybersecurity experts, we simply won’t stand idly by while the community that is the very foundation of this space are robbed straight out of it.”
At the core of how CryptoDefender operates is its keystroke encryption, which blocks keylogging malware and other forms of malware from breaching mobile crypto wallets.
It accomplishes this by encrypting every keystroke a user makes, rather than trying to detect keylogging malware on the device. The app installs an encrypted keystroke keyboard and then routes each encrypted keystroke through its secure data stack, bypassing the original data stack that can easily be hijacked by hackers.
CryptoDefender comes with a secure mobile browser, which Waller says prevents against all forms of attack, including man-in-the-middle and man-in-the-browser attacks. Each time a user launches the browser, CryptoDefender will “generate a brand new browser on the fly, [and] when you close it, we dissolve it,” Waller explained.
“We don’t allow browser extensions, tabs, injections, cookies, or any other vulnerable attributes to be loaded into the browser. Every time you open our browser, it’s a brand new one for the first time.”
Users can create strong passwords up to 99 characters in length and store them automatically in the Password Vault for safekeeping. The Vault, which Waller claims is “extremely safe,” works hand in hand with the browser and the encrypted keyboard. He went on further by saying that the Vault uses AES-256 encryption — a key-generation technique used to encrypt data and prevent unwanted access to data — and fingerprint authentication to secure it.
“Many of us buy, sell, and move cryptocurrencies from our phones and desktops; if one device is protected while the other remains vulnerable to intrusion, they both are at risk. CryptoDefender is a tremendous milestone as it represents phase one in our three-part mission to secure the blockchain ecosystem,” Waller added.
Waller said the app is different from a long list of anti-keylogger software offering similar solutions because of its utility as both a downstream and upstream prescription. He also claimed the app is the “only keystroke encryption” product designed to protect crypto wallets.
“We built this with the assumption that your device is already infected, therefore, as soon as you install this, you are protected. Products that take a reactive approach, i.e., anti-virus software, are always stuck in that cat-n-mouse cycle and getting bypassed on a daily basis.”
The mobile app is available on the BlockSafe website for both Android and iOS devices.
This article originally appeared on Bitcoin Magazine.
Municipal government websites in Andhra Pradesh are running cryptojacking scripts, a group of security researchers found earlier this month.
Municipal government websites in Andhra Pradesh are running cryptojacking scripts, a group of security researchers found earlier this month.
The newly appointed Finance Minister of Zimbabwe is pushing for the formation of a cryptocurrency unit to help guide government policy relating to the technological and financial innovation. Mthuli Ncube also believes that the nation should pursue investments in the space. Will Zimbabwe Start Buying Cryptocurrency? According to a report in local news publication ItWebAfrica, the…
The post Zimbabwe’s New Finance Minister Advocates Government Cryptocurrency Unit appeared first on NewsBTC.
The newly appointed Finance Minister of Zimbabwe is pushing for the formation of a cryptocurrency unit to help guide government policy relating to the technological and financial innovation. Mthuli Ncube also believes that the nation should pursue investments in the space.
According to a report in local news publication ItWebAfrica, the newly appointed Zimbabwean Finance Minister, Mthuli Ncube, believes that the answer to the nation’s ongoing financial woes could be cryptocurrency. He said:
“Zimbabwe should be investing in understanding innovations and often central banks are too slow in investing in these technologies. But there are other countries which are moving faster. If you look at the Swiss central bank they are investing in- and understanding bitcoin.”
In recent memory, Zimbabwe has been struggling to recover from the fallout of a severe bout of hyperinflation. On top of this, a liquidity crunch along with general shortages of cash have largely been caused by diminishing Nosotro accounts.
Exacerbating these struggles is a declining demand for Zimbabwean exports and the government has been financing spending with an over-issuance of Treasury Bills. This has meant that banks have been forced to impose withdrawal limits, causing people to struggle to access any money they might have saved. The shortage of cash in Zimbabwe has forced citizens to travel out of the nation to neighbouring South Africa and Botswana. There they are able to access international banks.
To remedy the extensive troubles faced in Zimbabwe, Ncube feels that the government needs to explore Bitcoin with a designated cryptocurrency unit. He went on to state that Zimbabwe needed to look at the example set by other nations to alleviate the economic hardships faced in his country. If some countries are interested in digital assets then so too should Zimbabwe:
“One can pay for travel using bitcoin in Switzerland. So, if these countries can see value in this and where it’s headed, we should also pay attention. We have innovative youngsters so the idea shouldn’t be to stop it and say don’t do this, but rather the regulators should invest in catching up with them and find ways to understand it, then you regulate it because you now understand it.”
From what Ncube has stated, it sounds that he wants to see the Zimbabwean government actually buying Bitcoin. That said, it is unclear for now if that is what he meant or he simply feels that the nation needs to explore potential revenue streams surrounding the industry.
If it transpires that the government wants to hold Bitcoin itself, Zimbabwe would become the first nation to openly admit investing in the number one cryptocurrency. Such an embrace of the technology by a nation state would be incredibly bullish for the price and likely force other countries to follow suit.
However, the sentiment expressed recently by Ncube is at odds with the Reserve Bank of Zimbabwe’s cautious stance so far in relation to cryptocurrencies. The institution has previously stated that banks must avoid using digital assets since trading is almost entirely unregulated. These measures are thought to be an effort to protect the public and not endanger a financial system that remains one of the most troubled on the planet.
Featured image from Shutterstock.
The post Zimbabwe’s New Finance Minister Advocates Government Cryptocurrency Unit appeared first on NewsBTC.
The cryptocurrency industry has seen its fair share of scams and nefarious projects over the years. GAW Miners, a project spearheaded by Homero Joshua Garza, is one of the biggest scams to date. Garza now finally faces a two-year prison sentence for his $9m Ponzi Scheme which gave cryptocurrency an even worse reputation. Garza Finally […]
The post GAWMiners CEO Joshua Garza Sentenced to Almost 2 Years in Prison appeared first on NullTX.
The cryptocurrency industry has seen its fair share of scams and nefarious projects over the years. GAW Miners, a project spearheaded by Homero Joshua Garza, is one of the biggest scams to date. Garza now finally faces a two-year prison sentence for his $9m Ponzi Scheme which gave cryptocurrency an even worse reputation.
The story of Joshua Garza and his nefarious cryptocurrency operations has been well-documented over the years. He ran not one, but four different cryptocurrency-related Ponzi Schemes over the years, resulting in a net loss of roughly $9m. Although that figure seems rather low, it seems those are the final findings of the investigation revolving around Garza.
The Ponzi Schemes operated by Garza include GAW, GAW Miners, ZenMiner, and ZenCloud. All of these services were interlinked in intricate ways, albeit it is evident a lot of people should have known better than to fall for any of these projects. Although Garza successfully evaded scrutiny and a jail sentence for several years, his stint as a fugitive will finally come to an end.
Operating four Ponzi schemes for nearly two full years, they all offered digital currency mining equipment or access to mining services. There is also the infamous PayCoin cryptocurrency, which is another black page in the history of cryptocurrency to date. This currency was successfully traded across numerous exchanges, further exposing enthusiasts to financial losses along the way.
Over the past year and a half, an official investigation regarding Garza was taking shape. It took more than twelve months to put together all of the necessary evidence. Last week, the legal side of things was finally highlighted, resulting in a jail sentence of two years. Some may find this is a just sentence, whereas others expected a far longer sentence. Garza is expected to report to prison in early January of 2019.
It is evident the sentencing of Joshua Garza shows fraud in the cryptocurrency world is not something one an get away with. Even so, numerous scams have continued to pop up ever since these incidents, and it may not be the final chapter filled with scams and Ponzi Schemes either. A lot of people see cryptocurrency as a get-rich-quick industry with no legal repercussions when committing fraudulent activity.
For the cryptocurrency industry, this sentencing is a positive sign as a whole. Government officials are weeding out the bad seeds, which is more than necessary in this day and age. All of this is happening without any official regulation affecting this nascent industry. Whether or not further regulatory measures will be put in place over the coming months, remains unclear at this time.
The post GAWMiners CEO Joshua Garza Sentenced to Almost 2 Years in Prison appeared first on NullTX.
KTNV Las Vegas |
Callers allegedly from NV Energy asking for Bitcoin payments
KTNV Las Vegas LAS VEGAS (KTNV) – The phone rings and the caller on the other end delivers some bad news. It’s a warning about an NV Energy scam we’ve brought you before, but now it comes with a new twist. “It sounds 100 percent legit,” says Jose Ontiveros. He says … |
KTNV Las Vegas | Callers allegedly from NV Energy asking for Bitcoin payments KTNV Las Vegas LAS VEGAS (KTNV) - The phone rings and the caller on the other end delivers some bad news. It's a warning about an NV Energy scam we've brought you before, but now it comes with a new twist. "It sounds 100 percent legit," says Jose Ontiveros. He says ... |
Two broadcasters in New York have parted company with public radio to create their own podcast promoting blockchain. “Zig Zag” is now the main focus of WNYC broadcasters Manoush Zomorodi and Jen Poyant; a podcast now entering its second season which focuses on blockchain and what it can do for journalism. WNYC is the trademark, …
The post Tech Journalists Leave New York Radio for Blockchain Podcast appeared first on BitcoinNews.com.
Two broadcasters in New York have parted company with public radio to create their own podcast promoting blockchain.
“Zig Zag” is now the main focus of WNYC broadcasters Manoush Zomorodi and Jen Poyant; a podcast now entering its second season which focuses on blockchain and what it can do for journalism.
WNYC is the trademark, and a set of call letters shared by a pair of non-profit, non-commercial, public radio stations located in New York City and owned by New York Public Radio, a non-profit organization that did business as WNYC RADIO until March 2013
At WNYC, Zomorodi hosted and Poyant produced a tech podcast called “Note to Self” but now they’ve moved on to form a partnership with Civil Media, a new company built on blockchain technology.
Civil has been gaining a name for itself in the world of journalism over the past year. The concept is a unique development in media, utilizing blockchain to allow both readers and journalists to combine to fund topics of interest to them or the public. Supported by CVL tokens, yet to be released, all participants will gain a speculative stake which increases in value as the company expands.
ZigZag is an original concept in the sense the podcast will follow the participants lives as they attempt to build their new careers promoting the blockchain space. This includes reporting on the challenges they encounter as they attempt to manage the project in tandem with their busy lives as working mothers.
The first season of 12 episodes was designed as an introduction to the non-initiated, requiring Zomoridi to explain to listeners about the concept of DLT and how it functions. She explained:
“If I, as a tech journalist, roll my eyes when I hear about blockchain, somebody is not doing a good job explaining this stuff… That’s where the opportunity is — for two women, two moms, who are going out on their own, who have to understand blockchain. There’s your entryway to a podcast.”
The two journalists left WNYC earlier this year after the station had cut ties with the male hosts who had departed after accusations of harassment by station employees. Apart from wanting to work on their own, they said that they had been further motivated by the #MeToo campaign against sexual harassment.
Zomorodi says she often records on the fly and has a refreshing approach despite often feeling her new life is a challenge. She says, “It’s a juggle, and it’s exhausting.” In the second episode of the show, she explained DLT using a “Schoolhouse Rock”-style jingle sung by the musician and podcaster Martin Zaltz Austwick.
Follow BitcoinNews.com on Twitter: @bitcoinnewscom
Telegram Alerts from BitcoinNews.com: https://t.me/bconews
Want to advertise or get published on BitcoinNews.com? – View our Media Kit PDF here.
Image Courtesy: Pixabay
The post Tech Journalists Leave New York Radio for Blockchain Podcast appeared first on BitcoinNews.com.
New tokens and digital assets are an integral part of the Ethereum ecosystem. All of these newly created assets adhere to specific standards. Users have grown accustomed to ERC20 tokens, yet other standards exist as well. The following token standards are ranked in terms of their current perceived market traction. #6 ERC-884 (Dave Sag) The […]
The post Top 6 Ethereum Token Standards Offering Improvements Over ERC20 appeared first on NullTX.
New tokens and digital assets are an integral part of the Ethereum ecosystem. All of these newly created assets adhere to specific standards. Users have grown accustomed to ERC20 tokens, yet other standards exist as well. The following token standards are ranked in terms of their current perceived market traction.
The concept of the ERC-884 standard was first introduced in April of 2018. The core idea of this new standard is to enforce token owners to verify their identity. All tokens using this standard can only be issued to whitelist clients. Moreover, it does not allow for partial tokens either, which can impact token sales accordingly. A more detailed post on what this standard represents can be found here.
Making digital tokens more user-friendly is always an option worth exploring. Bhaskar is confident the ERC-865 standard will introduce this much-needed change. This standard would remove transaction gas from the equation, and use the native tokens to pay for transaction fees. It would require the use of a third party accepting the fee payment in tokens, who then pays the corresponding amount of ether to the network.
There is no shortage of Ethereum-based standards for tokens and digital assets. The ERC-948 protocol would introduce an opt-out feature for users. More specifically, a smart contract can be created to withdraw tokens from users, as long as the users approve the contract in the first place. For subscription-based solutions, such a concept can certainly unlock a lot of new potential use cases.
Replacing the existing leading token standards will be a challenge. Despite the odds, ERC-777 still offers a few interesting options. It reduces friction and the number of transactions required to enact smart contract functionality. In more technical terms, it removes the double call function prior to enacting a contract. It also improves security features, as is documented in this Medium post.
One of the first standards to be presented beyond ERC20 is designed to allow token transfers to behave in a manner similar to Ethereum transactions. By using event handling, the ERC-223 standard introduces a more secure approach to handling Ethereum-based tokens in general. It is not a foolproof solution, yet the concept still poses some interesting ideas other can improve upon moving forward.
Introducing a class of unique tokens would certainly shake things up a bit in the Ethereum ecosystem. The ERC-721 standard would effectively allow for unique tokens to be created, managed, owned, and traded. This standard is also referred to as the non-fungible token standard, and has been embraced by a few token projects already. It is seemingly the logical successor to ERC20 if that protocol is ever discontinued.
The post Top 6 Ethereum Token Standards Offering Improvements Over ERC20 appeared first on NullTX.
The Ukrainian parliament has introduced a bill outlining taxes on cryptocurrency-related profits.
The Ukrainian parliament has introduced a bill outlining taxes on cryptocurrency-related profits.
Eccentric tech entrepreneur and founder of Space X and electric vehicle manufacturer Tesla Motors, Elon Musk, is reportedly getting fed up with the cryptocurrency giveaway scam bots that have been plaguing popular social media platform Twitter for the better part of a year. As a result, he has turned to the creator of the cryptocurrency Dogecoin to…
The post Elon Musk Fed Up with Twitter Crypto Scams, Turns to Dogecoin Creator for Help appeared first on NewsBTC.
Eccentric tech entrepreneur and founder of Space X and electric vehicle manufacturer Tesla Motors, Elon Musk, is reportedly getting fed up with the cryptocurrency giveaway scam bots that have been plaguing popular social media platform Twitter for the better part of a year.
As a result, he has turned to the creator of the cryptocurrency Dogecoin to seek a solution to the ongoing issue.
The widespread prevalence and frequency of Twitter spambots promoting fake cryptocurrency giveaway scams has finally got to Elon Musk, according to recent public comments he made via his Twitter account.
Musk tweeted at Jackson Palmer, the founder of the Dogecoin meme cryptocurrency, asking if he “can help get rid of the annoying scam spammers,” saying it would be “much appreciated.” Musk’s comment may have also contained a tongue-in-cheek nod to Dogecoin. Dogecoin was created as a “joke” to honor the Shiba Inu dog meme that often uses the term “much wow.”
Palmer had previously developed a script to block the scam bots in the past, sharing the code with Musk, claiming its “short, simple and you just run it with cron somewhere.”
Palmer turned the conversation toward Twitter itself, suggesting Jack Dorsey, Twitter CEO, and his team “should definitely automate and fix this problem on their end.”
Musk is among the tech industry figure heads often impersonated by Twitter scam bots. Others include Changpeng Zhao, Binance CEO, actor William Shatner, and even United States President Donald Trump. Many have been forced to include “not giving away cryptocurrency” in their Twitter usernames to try and save investors from being duped.
Musk recently tweeted, appearing impressed by the scam bots, saying they had “mad skillz.” It didn’t take long, however, for Musk’s amusement to turn into annoyance.
The public social media conversation caught the attention of Ethereum founder Vitalik Buterin who replied to Musk imploring Dorsey to “help us please.”
As Buterin and Musk’s conversation suggests, the consensus has been that Twitter isn’t doing enough to prevent their users from being repeatedly subjected to such scams.
Dorsey said back in March that the firm would be cracking down on crypto scams on the platform, but the issue has only further spread throughout 2018. Dorsey reaffirmed his plan to rid the platform of “scams and misinformation,” telling Congress at a recent Committee on Energy and Commerce hearing that Twitter was looking into blockchain in an effort to protect consumers.
Research firm Duo Security recently discovered a bot net consisting of at least 15,000 Twitter bots working together to perpetuate cryptocurrency giveaway scams. The scheme often involves a Twitter account posing as a popular business figure or cryptocurrency industry icon, and promotes a giveaway in which a user must send a specific amount of cryptocurrency, usually Ethereum, to an address to receive a larger sum of crypto in return.
Featured image from Shutterstock.
The post Elon Musk Fed Up with Twitter Crypto Scams, Turns to Dogecoin Creator for Help appeared first on NewsBTC.
Elon Musk, previously amused by Twitter scam bots, now finds them “annoying,” asks Dogecoin founder for help
Elon Musk, previously amused by Twitter scam bots, now finds them “annoying,” asks Dogecoin founder for help
At press time, Dogecoin – the currency that began as a joke and represents Shiba Inus everywhere – is trading for about $0.0062. This is a good $0.0040 more than where it stood during our last price piece. For some reason, the currency appears to be doing better than most other altcoins and is rising […]
The post Dogecoin Price Watch: Currency Continues Moving Up in the Altcoin World appeared first on NullTX.
At press time, Dogecoin – the currency that began as a joke and represents Shiba Inus everywhere – is trading for about $0.0062. This is a good $0.0040 more than where it stood during our last price piece. For some reason, the currency appears to be doing better than most other altcoins and is rising through the ranks like nobody’s business.
Now, it would seem Dogecoin is in line for some additional fame and glory thanks to South African entrepreneur Elon Musk. Largely known as the man behind Tesla, Musk has made a name for himself in the crypto space by praising the Ethereum scam bots on Twitter for how advanced they are. At the same time, Musk doesn’t like the fact that anyone can simply impersonate him and potentially get their fingers on ether tokens from unsuspecting followers, and Musk is out to stop such “evil-doers” from getting the upper hand.
Musk is asking the creator of Dogecoin, Jackson Palmer from Australia, to assist him in creating a solution that would prevent such scam bots from doing further harm. Getting involved, Palmer has already built a script that is alleged to scatter scam bots, and he is now working with Twitter executives to see it implemented.
Palmer messaged Musk on Twitter, writing:
“If you DM me (your DMs aren’t open), I’ll send you the script. It’s short, simple and you just run it with cron somewhere.”
A few minutes later, Palmer updated his Twitter feed by reporting:
“Update: Elon has the script. We had a good chat on how [Twitter CEO] Jack and the Twitter team should definitely automate and fix this problem on their end, though.”
Apparently, the scam bots are so common that Twitter recently began enforcing a new rule: if you change your name to Elon Musk, you are officially banned from the site. It’s as simple as that. Scam bots have even discovered ways to show up inside major blockchains. Recently, over $200,000 was stolen from an EOS-based gambling site. Following the event, some users were discovered “phishing” unsuspecting users through EOS blockchain messages.
Scam bots on Twitter have been a serious problem for some time. One user, who goes by the name of Emin Gun Sirer, sent a message to CEO Jack Dorsey, asking:
“These scams are getting out of hand, @jack, @twitter. If you can’t detect this kind of brazen scam, what hope do you have of improving your platform?”
Jack Dorsey offered the simple answer of, “We are on it” – virtually the same answer he gave to almost every other question while testifying before the House Committee.
Dogecoin Charts by TradingView
The post Dogecoin Price Watch: Currency Continues Moving Up in the Altcoin World appeared first on NullTX.
vtdigger.orgInternet company founder gets jail sentence for bitcoin fraudvtdigger.orgAllen Shinners, who lost tens of thousands of dollars in a Bitcoin Ponzi scheme orchestrated by Josh Garza, testified for himself and about 100 other people who lost m…
vtdigger.org | Internet company founder gets jail sentence for bitcoin fraud vtdigger.org Allen Shinners, who lost tens of thousands of dollars in a Bitcoin Ponzi scheme orchestrated by Josh Garza, testified for himself and about 100 other people who lost money, during a sentencing hearing for Garza in Hartford, Connecticut, on Thursday. |