Linux.Lady Trojan Turns Redis Servers to Mining Rigs

Linux machine users beware! There is a new Trojan in town that can turn your devices into cryptocurrency mining rigs without your knowledge. Discovered by the Russian cyber security firm Dr. Web, Linux.Lady (Linux.lady.1) is a Trojan built to target machines running on Linux operating system. The malicious software written in Go programming language is […]

Renowned Futurologist Predicts $4,000 Bitcoin

Climate change. Riots. Food shortages. Water shortages. General suffering. Cliff High foresees doom! He tries to not make his YouTube videos too much of a downer and sometimes talks about the bright side of life. He and his guests are the type to equate Skype malfunctions with government interference with new media broadcasts. Cliff recently […]

Researchers Reveal Altcoin to Reward Participating in DDoS Attacks

A pair of researchers has developed a cryptocurrency called DDoSCoin that rewards users for participating in distributed denial of service (DDoS) attacks. The currency only works when the user’s computer targets a TLS-enabled website. TLS stands for Transport Layer Security, a cryptographic protocol for secure Internet communication. Researchers Eric Wustrow at the University of Colorado […]

Mimblewimble: How a Stripped-Down Version of Bitcoin Could Improve Privacy, Fungibility and Scalability All at Once

All (full) Bitcoin nodes verify all transactions on the network. This allows the system to be entirely trustless and decentralized, but also presents significant drawbacks. Privacy and fungibility are at odds, because public transactions allow anyone to trace the flow of bitcoins over the blockchain. Meanwhile, verifying a growing number of transactions adds to the […]

Lightning Fast Raiden Network Coming to Ethereum Blockchain

Scalability is one of the main challenges faced by distributed ledger technology. It is widely felt that in order to challenge traditional payment networks and assume a key role in the decentralized future of the internet, blockchains must find ways to radically improve their throughput, measured in number of transactions per second. “Today’s representative blockchain […]

Banks Keep Digital Currency over Ransomware Concern

The rise of ransomware attacks is giving banks a cause for concern as they now have to buy and keep cryptocurrency in the event it is needed to pay criminals when their files are held to ransom. In an interview with Business Insider, Malwarebytes CEO, Marcin Kleczynski, said the situation has become so aggressive to the […]