Zář 05

Snip platform looks to rewrite how the public receives their news

· September 5, 2017 · 12:19 pm

A solution to many of the worldwide concerns about the media comes to market in Snip, a decentralized news feed platform that is completely censorship resist and permissionless.


Problems with current media outlets

For decades, you could probably count on one hand the number of media sources where you get your news from. The biggest corporations in the space had complete control of the content that is in newspapers, TV, radio. But with the rise of the internet, this strangle hold has been loosened. The media is still very controlled and centralized, cracks are beginning to show in the system. For the first time, we are seeing how the media is influencing their content to be aligned with their own agenda. Accusations of fake news are flying around like bullets, with everything from most major sources need to be taken with a level of skepticism.

The team behind Snip are looking to offer the world a better alternative. Snip offers a decentralized new network that can solve many of the current systems problems. The concept behind the platform is that users will be generating short news submissions, or snips, that can be read by anyone else on the platform. Snips can be in a host of forms, such as audio or video clips or even traditional text based posts. This makes the idea incredible censorship resistant, an important talking point in today’s media.

How the platform works

Many applications are hitting the market today that can scan most news outlets for relevant articles. Users can input their interests to receive more personally tailored content. The platform has own custom build algorithm that can filter content to each user’s interests except now the sources it can pull from are endless as anyone can submit their work.

Snip has already partnered with advertisement network AdEx to provided relevant and effective advertising for snips. It gives a fantastic source of revenue for content creators that currently struggle with monetizing their work. In a world of plagiarism that can be done with a simply copy and paste, getting paid for their original work incentivizes writers to want to work on the platform. The whole system works with its own native cryptocurrency known as SnipCoins. They are used to transact value throughout the platform from users, creators, and advertisers.

A total of three billion SnipCoins will be released through its upcoming ICO, the planned start date being towards the end of September. The ICO is valued at $8 million. Post ICO plans for the project is to release a closed, invite only alpha to let people test out critical features such as commenting, voting, custom news feed capabilities, and protections against spam.

Are you using to use this platform upon release? How do you think it will challenge traditional news sources? Let us know in the comments 


Images courtesy of  Appdisqus, Snip

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Zář 02

REVAIN and Internet of things: how soon?

· September 2, 2017 · 5:00 am

According to Cisco, about 50 billion devices are due to come online by 2020. With the Internet of Things getting closer the world will never be the same again. The underlying concept for IoT is basically connecting any device to the Internet and/or to each other — everything from cellphones, coffee makers, washing machines, headphones, lamps, wearable devices to almost anything you can think of.

[Disclaimer: This is a sponsored article]

And it’s been going on for quite a while already with companies like Google producing all sorts of smart household devices and smart self-driven cars. Many of the larger corporations have also expressed strong interest in Internet of Things technology. For example, Bosch’s most recent annual report set out a vision to be “one of the world’s leading IoT companies” by focusing on sensor technology, software and services, while Cisco, known for making networking equipment, has a clear interest in being at the forefront of machine-to-machine interactions.

The potential value of IoT cannot be overestimated. What if your office equipment knew when it was running low on supplies and automatically re-ordered more? What if your car knew where the nearest car shop was and drove itself there to get fixed? What if your fridge knew when it was running out of food and automatically purchased food at the closest grocery store? Or imagine a vending machine that can not only monitor and report its own stock, but can also arrange for the delivery of new items automatically based on the purchase history of its customers or their online reviews.

But the Internet of Things would never be even real if not powered by the latest blockchain developments — it is blockchain that enables smart contracts providing for M2M interactions. IBM IoT latest blockchain development enables devices to participate in transactions to communicate to blockchain-based ledgers. For instance, as an IoT-connected package moves along multiple distribution points, the package location and temperature information could be updated on a blockchain.

But as IoT opens the door to huge opportunities, it does also to many challenges — security being the biggest. With billions of devices connected together how can we be sure that their information stays secure? Blockchain technology has the potential to solve this in the same way it works for cryptocurrency: making sure that data is legitimate and the data processing is well-defined. Therefore, blockchain technology is the missing link to maintain privacy and address reliability concerns of the Internet-of-Things.

Remember the example of a vending machine and a fridge? Machines might be smart, but for now they still need some human help when making a purchasing decision. Where would you turn to if you’re having difficulties when making a choice?

Probably Yelp or Google reviews, but unfortunately these platforms are not able to deal with robotic requests. Moreover, it’s a proven fact that 60% of all the reviews are fake either ordered or generated by millions of bots. The Internet of Things threw down a new challenge and REVAIN accepted it bringing in a new generation review platform. Reviews on REVAIN are based on human opinions and available for robot requests, which means that the machine sends the question and gets the answer as if it was a human request. So a vending machine will be able to go online, scroll down the reviews on chocolate bars and choose the one with the highest review rating. Plus REVAIN reviews can’t be faked or altered. This is truly revolutionary for the future machine communications and as we see technology is booming so the application of these developments is universal. REVAIN crowdsale started 3 days ago and already accumulated 1020BTC proving that the platform with this kind of functional features has been awaited and receiving huge support from the community. The sale will last till September 6. If you wish to support the development of the platform, feel free to join here: https://crowdsale.revain.org/

Well, it looks like the future is now. We might not be able to evaluate the whole impact the blockchain is going to make on human — to — machine and machine — to — machine interactions now, but the amplitude is super intriguing.

REVAIN crowdsale is scheduled to last till September 6, 2017.

Press and Media Inquiries:

contact@revain.org

Related links:

WHITEPAPER: https://crowdsale.revain.org/

https://www.facebook.com/Revain-Reinventing- Reviews-on- Blockchain-657353151128295/?ref=br_rs

Twitter: @revain_org

Telegram: https://t.me/revain.org

Medium: https://medium.com/revain

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Úno 17

Achievement Unlocked: Bitcoin Surpasses 1,000 ATMs Worldwide

· February 17, 2017 · 9:00 am

The number of Bitcoin ATM’s has surpassed 1,000th, a milestone in the history of Bitcoin that marks the continued growth of its infrastructure across the globe.


Bitcoin Hits 1,000 BTM’s

Today, CoinATMRadar celebrates the submission of the 1,000th Bitcoin ATM on their website. A significant moment for the website that tracks the presence of these machines worldwide, but even more so for the Bitcoin community in general.

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The current number of Bitcoin ATM’s currently stands at 1,002, according to CoinATMRadar.

Now, Bitcoin can be bough (and sold with two-way machines) at these physical locations without a bank account in 55 countries. CoinATMRadar provides users with information on where to find these ATMs, explains how they can be used for remittances, how to set up their own ATM business along with a profit potential calculator.

chart

Bitcoin ‘automated teller machines,’ sometimes called BTMs, play a vital role in Bitcoin’s global infrastructure. They provide a brick-and-mortar local to acquire Bitcoin extending the cryptocurrency’s reach.

They also provide convenience for users by saving time without the need to wait for bank transfers to clear. Also with the increasingly sophisticated methods being used in skimming operations, the Bitcoin counterparts provide a higher degree of security since no magnetic-strip cards are involved.

This milestone marks yet another success for the adoption of Bitcoin, which is beginning to gain traction in places where it previously had none. Demand for Bitcoin ATMs is growing in places like Texas, which has recently received eleven new BTMs.

4 Years of Continued Growth

The first BTM was placed in the Waves coffee shop in downtown Vancouver, Canada by Robocoin on October 29, 2013. Since then, Bitcoin ATMs have increased in popularity, demand and features.

Today, these provide the invaluable service of readily available currency conversion between fiat and crypto, including altcoins like Ether, Dash and others.

While all Bitcoin ATMs allow users to interact with cryptocurrencies without a bank account, the majority of these are still one-way. According to CoinATMRadar, only about 36% of all bitcoin machines are two-way.

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Additionally, the vast majority of Bitcoin ATM’s are located in either North America or Europe.

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Alternatives to BTMs

Although the service provided by Bitcoin ATM operators is highly valuable, certain apps are starting to provide highly functional and simple methods of exchanging fiat and cryptocurrencies without relying on banking institutions or BTMs.

Among these are Spare and Abra, which allow users to buy or sell Bitcoin through registered merchant locations. These merchants get to empty their bulky cash registers while also driving people to their store without the need to host or buy a physical machine. 

As the world moves into a cashless society through the introduction of demonetization policies, it is possible that both these apps and Bitcoin ATMs will become obsolete. However, BTM operators seem to understand this and welcome the change.

Michael Dupree EasyBit

In a previous interview with Bitcoinist, Michael Dupree, founder and CEO of EasyBit said:

Nothing last forever and we are well aware that the market is dynamic and continuously evolving, so if the society turns to a cashless structure we, as all ATM companies, will have to adapt to that change providing new types of services. What we are sure about is that it is a thrilling opportunity to live in this moment of big social, political and economic changes and we want to be here for the long term.

Will this growth in Bitcoin ATM’s continue far into the future? Share your thoughts below!


Images courtesy of Shutterstock, CoinATMRadar, EY.com

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Led 24

2.3 Billion People Can Now Use Bitcoin on Amazon

· January 24, 2017 · 7:00 am

Almost 2.3 Billion people can now shop on Amazon without a computer or a bank account following Purse.io’s Android app launch. 


Shopping with Bitcoin on Amazon Now Available to 2.3 Billion

Following the launch of its iOS app, Purse.io has now released the Android version for its platform, enabling billions to shop on Amazon with Bitcoin on the most popular smartphone operating system with over 1.4 billion users globally.

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With both operating systems supported, the number of people globally that can now use this service is now around 2.3 billion and expected to reach 2.8 billion by 2020, according to Statista. 

Purse announced:

We’re excited to formally announce the arrival of our official Purse Android app! We released our iOS app back in November […]. So, of course had to spread the love to the largest and most widely used mobile operating system in the world, Android.

Although the online retail giant does not accept Bitcoin directly, Purse.io matches buyers with gift card holders creating an extremely powerful use-case: online shopping. Furthermore, it enables those who don’t have a bank account or credit card to use the Amazon e-commerce platform, even if they don’t have a computer. The service also lets merchants register their Purse account and sell directly on the platform.

Needless to say, all items from Amazon that are purchased on Purse.io are cheaper than the ones listed on Amazon itself. Not only because of Bitcoin’s smaller transaction fees but also because it provides a gift card/bitcoin exchange market as well as significant discounts

How does Purse.io work?

Sellers can create a free or paid account on Purse.io and list their items for sale. Once a purchase takes place, Purse.io will act as an escrow until the transaction is complete. The Purse system allows merchants and buyers (depending on the payment system) to save a lot on transaction and conversion fees.

However, the most ingenious feature in Purse.io is its Amazon alternative. Purse.io matches shoppers buyers with gift card holders. Since gift cards are usually unredeemable, this creates an alternative for those that don’t want to use their gift cards.

purse instant

Then, the shopper can select a product he wants from Amazon, create a wishlist for it on Purse.io and name his discount or accept the one available. Gift card holders will then take the order and use the gift card to purchase the item. The gift card holder receives Bitcoin for the card he could not redeem previously and the buyer receives the item, creating a win-win environment.

This means that if you have extra gift cards you don’t want, you can also take advantage of the Purse.io system to exchange them for Bitcoin at a discount.

Bitcoin & Amazon

Despite third-party services like Purse.io, Amazon still does not accept Bitcoin as a payment method. There are a few evident motives as to why Amazon has yet to integrate Bitcoin into its e-commerce platform, including volatility and the lack of refund options for Bitcoin. 

However, online retailers like Overstock.com and Newegg.com have demonstrated that Bitcoin can be used as a viable payment system, while OpenBazaar has even built a decentralized e-commerce platform that accepts only Bitcoin and other cryptocurrencies as payment.

Some speculate that Amazon already has deals in place with major credit card companies, an advantage it would lose over smaller online retailers if they start dealing with Bitcoin. Another theory is that Amazon CEO Jeff Bezos does not like Bitcoin due to his political views on the unregulated and anonymous nature of Bitcoin.

In 2014, Amazon stated that it would not accept Bitcoin due to the lack of interest from customers, which it still could in the future if Bitcoin’s user-base grows. But if the e-commerce giant, which comprises about 15% of total U.S. consumer online sales, according to the company’s statements and the Department of Commerce, begins to accept it, then we can safely say that Bitcoin has finally become mainstream.

Will Purse.io push adoption forward? Will Amazon ever add Bitcoin to its list of accepted payment systems? Share your thoughts below!


Images courtesy of ShutterStock, amazon.com, Purse.io, Statista

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Led 11

Who Needs ATMs? This iOS App Cashes Out Your Bits at Retail Stores

· January 11, 2017 · 3:00 am

Spare app has added Bitcoin payment support, allowing users to cash out in national currencies in select U.S. regions using any iOS device.


Spare: Cash Out Bits at Your Local Store

Spare, an alternative finance app that allows users to withdrawal cash on-the-go through various merchant locations, now supports Bitcoin.

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Using the Spare app, users can now cash out their bitcoin at certain local stores. The services is currently available in certain parts of the U.S, including New York, Colorado, New Jersey, Philadelphia, and Washington DC.

While there are currently a few alternatives to cash out bitcoins such as exchanges and Bitcoin ‘ATMs’, Spare bypasses these legacy methods using a secure QR code that is shown to a pre-designated merchant, who will then give you cash in exchange once approved.

dontra_hughes-e0ab1a4e

Spare founder and CEO D’ontra Hughes told Bitcoinist,

SPARE is mainly solving the issue of liquidity with your own bitcoin balance. So, when you don’t have a bitcoin ATM nearby – you would use our merchant network. The merchant does not have to accept bitcoin, as the technology converts and issues a market value that can be redeemed in cash.

The Santa Monica-based service also claims to benefit small businesses by “increasing foot traffic” and reducing the liability of having extra cash on hand while reducing the operating and security costs of housing a Bitcoin ATM.

“I get people asking if I have an ATM all the time. Now I can finally help them with SPARE and do it all from my iPad,” reads one review from a merchant called Rose Market. U.S. residents can download the app right now to see how many participating merchants are nearby.

Bitcoin ATMs: Few and Far Between

The Bitcoin infrastructure has growing immensely throughout the years, with a growing number of merchants and services accepting Bitcoin, alongside online exchanges enabling users to convert into almost any currency.

Bitcoin ATMs have also evolved and grown in popularity since the first one was placed in Canada in 2013. There are currently 945 ATMs throughout 55 countries according to Coin ATM Radar with the highest density in North America and Europe. Additionally, not all machines are “two-way,” i.e. you can only buy bitcoins but not receive cash for your bitcoin deposit.

bitcoinist_atm_map_usaDespite the growing numbers however, their availability is still just a drop in the ocean when compared to regular ATM networks and legacy banking infrastructure. Even if there is one in your hometown, they can be hard to find and more often than not, you’ll have to travel to reach it.

Bitcoinist_ebtm withdrawal

“No more you have to waste time searching for Bitcoin ATMs, as everything can be done directly from your iOS device,” adds Hughes.

The Underbanked & Unbanked

Bitcoin enables peoples to transact directly without involvement of governments and middlemen with limited infrastructure — only an internet connection is needed.

Thus, it can also help the unbanked and underbanked population who do not have access to financial services. Currently, there are an estimated 2-3 billion people in the planet with little or no access to financial services. Moreover, more than half of adults in the poorest 40% of households in developing countries lack a bank account.

remittance bitcoinist

But while Bitcoin can be used to transfer money internationally for much lower fees than traditional payment methods, converting them into cash can be a problem. This is commonly known as the “last mile” problem in remittances.

Spare’s approach of ‘crowdsourcing’ merchants to replace ATMs could prove to be a helpful tool in getting cash into peoples’ hands from their received bitcoins.

Meanwhile, the company has also announced it will be extending its services internationally to Puerto Rico, Canada, Mexico, Italy, Spain, and Nicaragua. Therefore, such a solution has the potential to close the loop, and deliver on the promise of much cheaper blockchain-based remittances compared to legacy services like Western Union.

Can merchants be a better solution for cashing out than Bitcoin ATMs? Share your thoughts below! 


Images courtesy of Shutterstock, Coinatmradar, Spare

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Říj 19

GameCredits Currency Now Listed on the Largest Exchange in China

Source: bitcoin

GameCredits Currency Now Listed on the Largest Exchange in China

GameCredits is proud to announce the addition of their gaming cryptocurrency to Yuanbao, one of the largest cryptocurrency exchanges in China. Established in 2013, Yuanbao is one of the oldest Chinese exchanges, and now has over 200,000 registered traders on its platform.

GameCredits is a three year old currency developed specifically for integration into the gaming industry. To date, it is the only cryptocurrency adopted by real world gaming developers for inclusion into popular mainstream games. Currently, these games have an audience of over 15 million registered gamers.

GameCredits was able to pass what many in the industry consider the most intense review process of any altcoin currency exchange in the world. Yuanbao did a comprehensive three month review of GameCredits history, development team, and leadership. Because of its strong reputation among Chinese currency traders, Yuanbao only lists the most popular and useful cryptocurrencies. To date, Yuanbao lists only 40 of the over 1000 cryptocurrencies that exist today.

In coordination with the launch, GameCredits is running a promotional outreach campaign to Chinese cryptocurrency traders. The outreach includes advertising and engagement on the Yuanbao community forums, as well as reaching out to influential members of the Chinese trading community.

GameCredits is dedicated not only to establishing relationships with Chinese traders, but also with the Chinese gaming community. GameCredits has a comprehensive development road-map that includes expanding into the Chinese gaming market.

“For us this is the ideal partnership at the perfect time. Being able to develop a relationship with Yuanbao in advance of our plans for the Chinese gaming industry, is something we felt was very necessary,” said GameCredits CMO Jon Comer.

To learn more about GameCredits visit GameCredits.net.

To learn more about Yuanbao visit Yuanbao.com

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GameCredits Currency Now Listed on the Largest Exchange in China

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Čvn 20

3 Killer Apps Awaiting Bitcoin This Year

Source: bitcoin

3 Killer Apps Awaiting Bitcoin This Year

For most, bitcoin is used in two ways; it is either held in cold storage as an investment, or used as an alternative payment medium to fiat. Both have their own advantages over their traditional alternatives, but the real driving forces behind bitcoin’s development are rarely discussed – the conversation hangs largely around bitcoin’s price, and whilst that is an exciting topic, it does not inspire those who are truly interested in the power of cryptocurrency.

Internet of Things and the Machine-Payable Web

 

You’ve probably heard of the Internet of Things (IoT) and the disruption that will come once this new technology is realized – machines will be able to communicate with one another, allowing for huge efficiency gains and the removal of human error (think driverless cars). While Ethereum is making the IoT a reality through its distributed computational blockchain, bitcoin is moving the technology closer to what has been dubbed by Balaji Srinivasan of 21 as the Machine-Payable Web.

The Machine-Payable Web takes the IoT a step further, and will allow devices to transact value with one another automatically and trustlessly. The value exchanged in any one device-to-device transaction would typically be incredibly small; perhaps for the payment of a single API call, but thousands of these tiny payments per second could result in large amounts of value flowing between machines. In the past, similar payments have been made of course, but they require credit card details, user account registration and other levels of friction that are destined for redundancy thanks to the Machine-Payable Web. This new technology, which is already in beta at 21.co, will demonstrate a move towards a frictionless digital economy that is run on top of bitcoin.

Decentralized Bitcoin Gambling

 

The gambling market is one of bitcoin’s largest use cases. Players from anywhere in the world can bet at any bitcoin-accepting casino with ease, and in many cases the gambling sites that operate also provide ‘provably fair’ random number generators and extremely low house edge or rake.
But decentralization of bitcoin gambling promises to shift the industry into a new paradigm – one that could not be realized without the use of this cryptocurrency. Through decentralization, a gambling site would operate on the blockchain itself i.e. its code would be distributed across thousands of bitcoin nodes, meaning that the site had no single point of failure. Compare this to the current situation whereby a casino would operate on a single server (or possibly a handful of servers) which are all vulnerable to attacks and maintenance issues.

This level of decentralization would also mean that bitcoin casinos would have very little maintenance costs as their operation would be powered by the blockchain itself. Without the cost of servers and staff, the casino house edge could be reduced to virtually zero, while allowing the operation to scale to enormous heights without any structural or growth issues.

Personal Identity on the Bitcoin Blockhain

 

Our personal identities are held by a central government; one which has access to every available detail about our personal lives and one which we are forced to trust without reason. A horrific situation that could feasibly arise from this is one in which a Nazi-like leader rises to power and commands a genocide based on data they own about us as individuals – just one worrying result of a centralized ID system. Bitcoin can change all of that.

Taking the Syrian refugee crisis as one example, many of those fleeing war torn cities have had their documents lost or confiscated, causing major difficulty in crossing borders. But what if those documents were stored on the blockchain, and anyone anywhere in the world could access the information that you chose to provide by unlocking it with your own private key? And this goes way beyond just personal identities and travelling across borders; this applies to voting systems, ownership rights, criminal records, reputation and any other aspect of our lives that would benefit from such a technology.

Many people ask why a company would use bitcoin’s blockchain and not a private one? Well the answer is that bitcoin offers the largest public blockchain in the world, the network is kept secure and active by the thousands of nodes and miners that operate within it; and business owners can create scalable products on top of bitcoin’s blockchain with this security in mind. Private blockchains simply do not have the number of participants in a network to keep it secure – and they are also extremely expensive to maintain; bitcoin’s is n

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Kvě 25

BTCS Expands Ethereum Hosting Business

Source: bitcoin

Ethereum BTCS

Arlington, VA – (May 25, 2016) – BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a blockchain technology focused company which secures the blockchain through its transaction verification services business, increased its Ethereum-mining hosting business to approximately 150 kilowatts (“kw”), up from approximately 50kw announced in March 2016.

Disclaimer: This is a press release. Bitcoinist is not responsible for this firm’s products and/or services.

BTCS Expanding Ethereum Mining Hosting

“We have gained valuable expertise since launching our Ethereum pilot program in March,” stated Charles Allen, CEO of BTCS. Allen continued:

“Ethereum has rocketed to nearly 20% of the market cap of Bitcoin in less than two years, led by rapid adoption and growing support from major players in tech and finance including Gemini and Coinbase (which just rebranded to GDAX). We believe our experience, in connection with additional capital, should allow us to further expand our Ethereum mining and hosting businesses, to diversify our exposure to bitcoin, and to use more of our available power capacity.”

Ethereum is a digital currency and blockchain platform focused on smart contract applications. Like bitcoin-based blockchain technologies, the decentralized network of Ethereum enables transactions without downtime, censorship, fraud, or third-party interference. Year to date, the value of Ether, the digital token or fuel that powers the Ethereum network, in USD terms, has grown over 1,300% the total value of all Ether, or market cap of Ether, surpassing $1 billion.

“With the year-to-date increase in the difficulty of mining Bitcoins, and the more attractive economics currently displayed by Ether, we’ve taken the opportunity to sell some of our early-generation ASIC (“application specific integrated circuit”) servers,”

continued Allen.

“We’ve also entered preliminary discussions with a designer of specialized Ether mining servers, and we’re exploring the possibility of being the exclusive hardware assembler for that designer. Unlike ASIC servers, Ether mining servers utilize off the shelf computer hardware, custom software and can be made-to-order with limited capital investment. We have the space to operate the assembly business at our NC facility, and we are in talks to become the exclusive distributor. While we can provide no assurances that any partnership or relationship will materialize, we are currently hosting their first generation prototype servers. We plan to provide updates on this initiative as it develops.

Allen concluded,

“In regards to Spondoolies-Tech Ltd., we are actively exploring potential claims we may have from prior investments and we will pursue all options ahead of the July hearing.”


About BTCS:

BTCS secures the blockchain through its transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast growing industry. The blockchain is a decentralized public ledger and has the ability to fundamentally impact all industries on a global basis that rely on or utilize record keeping and require trust.

For more visit: www.btcs.com


Images courtesy of BTCS.

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BTCS Expands Ethereum Hosting Business

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Kvě 18

Malware-as-a-service Is A Cheap Way To Spread Bitcoin Ransomware

Source: bitcoin

Bitcoinist_Malware-as-a-service

Cyber security is on the minds of everybody in the technology world these days, yet hackers and internet criminals seem to be outsmarting the masses yet again. One particular cyber criminal syndicate is using malware-as-a-service through the Nuclear exploit kit.

Also read: Kaspersky Labs Outsmarts CryptXXX Bitcoin Ransomware Developers Again

Malware-as-a-service Is A Thing Now

Everything is being turned into some “as-a-service” model, whether it is technology, the blockchain, or in this case, malware. A syndicate of cyber criminals are using the Nuclear exploit kit to spread malware worldwide, and they control a total of fifteen active control panels. Up until now, no one has any idea as to who is behind this “business model”, although there are indicators Russian hackers are involved.

Check Point, a security research team, recently uncovered how the malware-as-a-service business model brings in roughly US$100,000 a month in revenue. That is a rather staggering amount, which goes to show how much interest there is by internet criminals to infect computers around the world with malware and ransomware.

By using these 15 Nuclear control panels, the malware-as-a-service providers infected nearly two million devices last month. Although the success rate was only 9.95%, that still leaves over 184,000 machines infected with malware. This number does not come as a complete surprise either, as exploit kits facilitate the execution of ransomware and banking Trojans remotely.

What makes the malware-as-a-service business model so dangerous is how cyber criminals help other malicious individuals attack unsuspecting users. Nuclear has been one of the top exploit kits for quite some time now, and it looks like this trend will continue for the foreseeable future.  

However, it is important to note this entire malware-as-a-service business model has a critical flaw, as there is a central point of failure. The master server for all of these portals is controlled by the service provider, which inserts a certain level of “trust among criminals”. If the service provider would be arrested, law enforcement may be able to shut down all of the other portals.

Check Point also reports that ransomware is the dominant payload for this malware-as-a-service business model. Their statistics indicate close to 110,000 Locky droppers have been sent out, leading to US$12.7m in financial losses for victims. However, it appears some of the Nuclear portals have already been shut down, according to the report, which is a rather surprising turn of events.

Are you concerned about the malware-as-a-service phenomenon? What can we expect from internet criminals in the future/ Let us know in the comments below!

Source: Check Point

Images courtesy of Shutterstock, Check Point

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Kvě 12

Email Creator Shiva Ayyadurai Faces A Satoshi Nakamoto Moment

Source: bitcoin

Bitcoinist_Email Creator

Bitcoin is not the only concept which seems to be dealing with creator identity issues as of late. The creator of email – or at last the person claiming responsibility for doing so – is suing Gawker over two articles published on Gizmodo.

Also read: Industry Report: Bitcoin Expansion, Ransomware, Dark Web Drudgery

The Story of Shiva Ayyadurai

According to Wikipedia, email was invented by VA Shiva Ayyadurai back in 1978. However, not everyone seems to agree with that statement, and Gizmodo posted a few articles on their website several years ago trying to point out why Ayyadurai is not the creator of email. This is quite the reverse story of the recent Satoshi Nakamoto – Craig Wright claims, but it is an interesting story nonetheless.

As a result of these articles – published back in 2012 – the funding for his EMAIL lab have evaporated. Moreover, he was scheduled to give a lecture at MIT’s bioengineering department, but that permission was revoked as well. To top it all off, all other speaking engagements for Ayyadurai were cancelled as well, as the hunt for the real creator of email ensued.

Keeping in mind how modern e-mail was – apparently- invented by Ray Tomlinson – he added the “@” into email messages – this story took an interesting twist in 2014. However, Ayyadurai received the first ever US Copyright for creator the Email software package back in 1978, which technically recognises him as the inventor of email.

Charles Harder, the lawyer of Shiva Ayyadurai, stated the following:

“Ray Tomlinson modified a pre-existing program SNDMSG, which was a local user electronic ‘Post-It-Note’ system, using borrowed code from another pre-existing program CPYNET, a file transfer protocol, to allow a user on one computer to append text to a file on another computer. The user had to type in cryptic commands to even make this happen. It’s the equivalent of a ‘caveman Reddit,’ and very different from the email system that people use today. Dr. Ayyadurai wrote 50,000 lines of code to mirror the entire interoffice mail system—virtually the same system we use today; he named it ‘email;’ and he obtained the first U.S. Copyright for the invention and name.”

The Gizmodo articles pointed out that laying claim to a name of a product that is the general term for a protocol used by billions of people worldwide, does not make one the inventor of email itself. These claims offended Ayyadurai, and his lawyer is now suing Gizmodo parent company Gawker for US$35m as part of a libel suit.

Luckily, the recent Craig Wright – Satoshi Nakamoto debacle did not get out of hand as this story has. While it is of the utmost importance to give credit where credit is due regarding the invention of email, the court ruling is worth keeping an eye on. Depending on this outcome, a precedent could be set for technology in general, as well as for anyone else who ever wants to claim they have created Bitcoin.

What are your thoughts on the email creator story? Let us know in the comments below!

Source: Ars Technica

Images courtesy of Shutterstock, Wikipedia

The post Email Creator Shiva Ayyadurai Faces A Satoshi Nakamoto Moment appeared first on Bitcoinist.net.

Email Creator Shiva Ayyadurai Faces A Satoshi Nakamoto Moment

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