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BlockchaINVEST • January 7 - March 11, 2019

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Tag: mining

Study Finds 4 Percent of Monero Mined with Malware over the Last 12 Years

Category: Altcoins, Mining, News, Tech

Study Finds 4 Percent of Monero Mined with Malware over the Last 12 Years

Researchers at Universidad Carlos III de Madrid and King’s College London have found that from 2007 to 2018, around $57 Million of Monero was mined via. Malware, January 3, 2019. Background of the Study The joint study co-authored and compiled by two researchers was published January 3, 2019, and it states that four percent of the Monero mined over the…

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Rocke Group’s Monero Mining Malware now More Powerful than Cloud Security Software

Category: Altcoins, Blockchain, Crime, Development, News

Rocke Group’s Monero Mining Malware now More Powerful than Cloud Security Software

According to a January 17, 2019, press release from Palo Alto Networks’ Unit 42, a threat intelligence team, a Linux mining malware developed by Rocke group has advanced to uninstall cloud security products from Alibaba Cloud and Tencent Cloud to illegally mine Monero (XMR) on compromised machines. Monero (XMR) Mining Malware Gets More Powerful Per the report, Rocke group, the…

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Bitfury Steps into the Music Business with the Launch of Bitfury Surround

Category: Blockchain, Business, Entertainment, News, Platform

Bitfury Steps into the Music Business with the Launch of Bitfury Surround

On January 16, 2019, Bitfury announced the launch of their new open source music platform called Bitfury Surround. It seeks to streamline the various processes of commercializing music as well as the sharing of revenue. From Mining to Music Bitfury, known in the blockchain world for their bitcoin mining-rig manufacturing, has forayed into the music business, announcing BitFury Surround in…

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Ford, IBM, LG Chem, and Huayou Cobalt Launch Blockchain-Powered Cobalt Supply Monitoring Project

Category: Blockchain, Business, Finance, News, Tech

Ford, IBM, LG Chem, and Huayou Cobalt Launch Blockchain-Powered Cobalt Supply Monitoring Project

U.S. car manufacturer Ford, technology giant IBM, South Korean cathode maker LG Chem, and Chinese mining company Huayou Cobalt have joined forces in the first cobalt supply chain tracking and monitoring blockchain project in the Democratic Republic of Congo. Making Cobalt Mining “Cleaner” According to a report by Reuters, the quartet has launched the pilot program, which is overseen by…

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Cryptocurrency Mining Malware Ranks Top for the 13th Time on Global Threat Index

Category: Blockchain, Crime, News

Cryptocurrency Mining Malware Ranks Top for the 13th Time on Global Threat Index

The “Global Threat Index for December 2018” report from Israeli cybersecurity solutions company Check Point Software Technologies Ltd. has revealed that cryptocurrency mining malware has topped the chart for the 13th time in a row to be computer’s most prevalent attacks, according to GlobeNewswire on January 14. Cryptocurrency Mining Malware on The Rise Based on reports, SmokeLoader, a second-stage downloader…

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Bitmain Suspends Work on Bitcoin Mine in Texas

Category: Bitcoin, Business, Development, Finance, Mining, News

Bitmain Suspends Work on Bitcoin Mine in Texas

Bitmain, the largest manufacturer of cryptocurrency mining rigs in the world, has suspended all of its operations in Texas, where the company was supposed to build the largest mining operation in the country, Texas Public Radio reported on January 11, 2019. The Future of Bitmain’s Texas Site Uncertain The Alcoa power plant, site of Bitmain’s mining operation in Texas (Source:…

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After reports of Nicehash controlling around 70% of DASH Nethashrate, the 51% attack is once again a real Threat

Category: Blockchain, Mining, News, Tech

After reports of Nicehash controlling around 70% of DASH Nethashrate, the 51% attack is once again a real Threat

Nicehash owns about 70% of DASH mining network according to a Reddit user (Jan 10), and the news is already causing a wave of concerns within the community Investigation It looks like someone currently controls over 51% of DASHs hashrate over Nicehash mining pools; a recent Reddit post accusing Nicehash of being a threat to Proof of Work (PoW) cryptocurrencies…

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Hong Kong Cryptocurrency Entrepreneur Accused of Scamming Investors of Millions

Category: Altcoins, Crime, Mining, News

Hong Kong Cryptocurrency Entrepreneur Accused of Scamming Investors of Millions

On January 7, 2019, The South China Morning Post reported that several residents had been duped of over HK$3 million (~$382,000) in a crypto mining scheme by entrepreneur Wong Ching-kit. Backstory: Face of a Mining Operation Wong Ching-kit, a cryptocurrency entrepreneur, has been accused of running a scam by several Hong Kong residents who accuse him of making away with just under…

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AMD’s Stock Spikes by 11 Percent after Announcement of Partnership with ConsenSys

Category: Adoption, Altcoins, Blockchain, Ethereum, Finance, Investment, Mining, News

AMD’s Stock Spikes by 11 Percent after Announcement of Partnership with ConsenSys

According to a press release from ConsenSys, published on January 4, 2019, the blockchain startup has entered into a partnership with the American technology company AMD and Abu-Dhabi-based investment management firm Halo Holdings to propel the adoption of blockchain technology in the UAE. The announcement had a positive impact on AMD’s stock price, as it jumped by almost 11 percent on…

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Nvidia’s Woes Increases as it Faces a Series of Class Action Lawsuits

Category: Business, Finance, Mining, News

Nvidia’s Woes Increases as it Faces a Series of Class Action Lawsuits

The crash in the price of bitcoin and other cryptoassets has taken a heavy toll on NVIDIA, a U.S.-based leading manufacturer of cryptocurrency mining graphics processing units (GPUs), as the firm is now being targeted by class action lawsuits filed by the Schall Law Firm, a securities fraud specialist and others, for allegedly misleading its shareholders, reported tom’s HARDWARE on…

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