04/25/2018 - DNS exploited Amazon IP addresses lead to MyEtherWallet hack, 20% of financial institutions are considering trading cryptocurrencies in 2018
hack·@jay991·
0.000 HBD04/25/2018 - DNS exploited Amazon IP addresses lead to MyEtherWallet hack, 20% of financial institutions are considering trading cryptocurrencies in 2018
<html> <p>Hackers leverage a DNS <a href="https://blog.cloudflare.com/bgp-leaks-and-crypto-currencies/">exploit</a> to hijack nearly 1300 IP addresses; this allowed the hackers to redirect traffic to rogue destinations, acting as the cryptocurrency website MyEtherWallet.com; the hackers made away with around 216 ETHs from unfortunate users - <a href="https://arstechnica.com/information-technology/2018/04/suspicious-event-hijacks-amazon-traffic-for-2-hours-steals-cryptocurrency/">Link</a></p> <p><img src="https://blog.cloudflare.com/content/images/2018/04/Slide2.png" width="720" height="540"/></p> <p>Thomson Reuters survey reports that 20% of financial institutions are considering trading cryptocurrencies in 2018; the survey was conducted among more than 400 clients; this comes as Thomson Reuters recently <a href="https://www.thomsonreuters.com/en/press-releases/2018/march/thomson-reuters-launches-bitcoin-sentiment-data-feed-for-trading-and-risk-management.html">launched </a>a ”Bitcoin sentiment data feed”, to more accurately gauge market sentiments - <a href="https://www.thomsonreuters.com/en/press-releases/2018/april/thomson-reuters-survey-finds-one-in-five-financial-institutions-considering-cryptocurrency-trading-in-2018.html">Link</a> </p> <p>Privacy-centric cryptocurrency project MobileCoin recently raised $30M in their latest Binance Labs-led funding round; MobileCoin is joined by several cryptocurrency veterans, such as Moxie Marlinspike of Signal and Open Whisper Systems; MobileCoin transactions will use the Stellar Consensus Protocol - <a href="https://techcrunch.com/2018/04/24/mobilecoin-moxie-marlinspike-binance-labs/">Link</a> </p> <p>Decentralized cryptocurrency exchange Switcheo reports trade volume of $2M in its first trading week; Switcheo was launched properly on March 31; the exchange supports tokens such as Red Pulse (RPX), THEKEY (TKY), Bridge Protocol (IAM), Trinity Protocol (TNC), NEO, GAS, DeepBrain Chain (DBC), and Switcheo (SWH) - <a href="https://neonewstoday.com/general/switcheo-reports-2-million-trade-volume-in-first-week/">Link</a> </p> <p>Three-wheeled car manufacturer Elio Motors receives a $2.5M lifeline from overstock.com; this investment is intended to allow Elio Motors to pay off outstanding debt and accounts payable; Elio Motors also announced that they will launch an ”ElloCoin” token, in order to fund production - <a href="https://www.theverge.com/2018/4/24/17274780/elio-motors-overstock-investment-offering">Link</a> </p> <p>Quebec’s ”Chief Scientist”, Rémi Quirion, has recently published a <a href="http://www.scientifique-en-chef.gouv.qc.ca/en/impacts-of-research-cat/ddr_bitcoin-dessus-lois-faux/">paper</a> disputing the ”myth” of illicit Bitcoin use; the paper acknowledges that whilst Bitcoin can be used to achieve a greater degree of anonymity, there are no indications that criminal use of Bitcoin is actually widespread - <a href="https://www.coindesk.com/dont-believe-what-you-read-about-quebecs-chief-scientist-and-crypto/">Link</a> </p> <p>Chinese authorities seize over 600 Bitcoin mining computers; this comes following a local power grid reported unusually high electricity consumption; the power consumption turned out to stem from power theft, used to power cryptocurrency rigs; this is reportedly the largest power theft case in years - <a href="http://www.ecns.cn/2018/04-25/300297.shtml">Link</a> </p> <p>Bank of France governor urges the European Central Bank to focus on cryptocurrency exchanges; he also stated that new laws are required in order to target and regulate European crypto exchanges; these comments came at the City Week Banking Conference in London - <a href="http://bitcoinist.com/bank-governor-ecb-crypto-exchanges/">Link</a> </p> <p>Blockchain audit technology introduced by Ernst and Young; this is intended to allow in-depth review of cryptocurrency business transactions; it is called the ”EY Blockchain Analyzer”, and has been developed in tandem with investment funds, exchange platforms, wallet providers and cryptocurrency mining companies - <a href="http://blocktribune.com/blockchain-audit-technology-introduced-by-ernst-young/">Link</a> </p> <p>Blossom looks to bring Bitcoin-based loans to Indonesia; the loans are intended to be Shariah Law-compliant; moreover, it will allow investors from all over the world to fund small micro-loans in Indonesia; the lending service is not P2P, so invests will not touch the cryptocurrency - <a href="https://bravenewcoin.com/news/blossom-to-bring-bitcoin-powered-islamic-loans-to-indonesia/">Link</a></p> </html>