PSA: If You Mine Ethereum, You’re a Target for Crypto Hackers

Hackers have devised a new way to steal your cryptocurrencies. This time, they are running a massive scanning campaign to pick out Ethereum wallets and miners with a specific vulnerability. Per reports on ZDNet, crypto hackers are targeting Etherum wallet and mining equipment going through devices with an exposed port 8545, the standard port for The post PSA: If You Mine Ethereum, You’re a Target for Crypto Hackers appeared first on CCN

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Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending

A bitcoin-replica launched with an aim to discourage miners from forming pools and gain a monopoly over its network has been compromised. Mark Nesbitt, a security expert, revealed that the blockchain of Vertcoin, a peer-to-peer PoW cryptocurrency, is under a 51% attack. The Coinbase engineer found that some anonymous cybercriminals rented a large amount of ASIC The post Vertcoin Hit by 51% Attack, Allegedly Lost $100,000 in Double Spending appeared first on CCN

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Norway: Tax on Crypto Mining Scares Away $11.7 Million Foreign Investment

NTC Services AS revealed that a foreign investor had stopped an $11.70 million investment into a crypto mining facility which was going to be built in Norway’s Tydal municipality. The data center consultancy told E24 that the investor went cold feet after hearing about the Norwegian government’s decision to exempt crypto mining centers from electricity The post Norway: Tax on Crypto Mining Scares Away $11.7 Million Foreign Investment appeared first on CCN

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Google CEO Sundar Pichai Says His Son is an Ethereum Miner

Google co-founder Sergey Brin and CEO Sundar Pichai have a lot more in common than just their jobs. Both tech billionaires have crypto-savvy young sons who mine ethereum. Pichai said his 11-year-old son mines ethereum on a home computer that Pichai built himself, according to Business Insider. He made the amusing revelation at the New York Times DealBook The post Google CEO Sundar Pichai Says His Son is an Ethereum Miner appeared first on CCN

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PSA: Hackers Are Using Fake Flash Updates to Hide Cryptocurrency Mining Malware

It has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. Cryptojacking Breaks New Ground While fake Flash updates that push malware have traditionally been easy to spot and avoid, a The post PSA: Hackers Are Using Fake Flash Updates to Hide Cryptocurrency Mining Malware appeared first on CCN

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Hacked Mining Firm NiceHash Has Paid Back 60 Percent of Stolen Bitcoin

Slovenian bitcoin mining marketplace NiceHash has announced that it has successfully reimbursed 60 percent of all funds stolen in last December’s hack, which saw 4,700 BTC worth approximately $65 million stolen from the firm. Seventh Reimbursement The news was announced in a post on its Twitter account, where it was revealed that the seventh reimbursement The post Hacked Mining Firm NiceHash Has Paid Back 60 Percent of Stolen Bitcoin appeared first on CCN

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Nvidia Launches Latest Retail GPU Cards While Playing Down Crypto Revenues

Industry giant Nvidia unveiled its new GeForce RTX™ 2000 series of graphics card this week, within days of making a focused retreat from the crypto mining retail space. The American hardware corporation has introduced three graphics cards in the new series: RTX 2070, RTX 2080, and RTX 2080 Ti. The range promises to deliver up The post Nvidia Launches Latest Retail GPU Cards While Playing Down Crypto Revenues appeared first on CCN

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$15 Billion Bitcoin Mining Firm Bitmain is Losing Competitive Edge: Analyst

The bad news continues to pile up for bitcoin mining giant Bitmain ahead of its historic public offering. According to Bloomberg, market research firm Sanford C. Bernstein & Co. has published a report alleging that the China-based Bitmain, the world’s largest manufacturer of the application-specific integrated circuit (ASIC) devices that dominate the cryptocurrency mining industry, The post $15 Billion Bitcoin Mining Firm Bitmain is Losing Competitive Edge: Analyst appeared first on CCN

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