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The MerkleThe MerkleChinese Exchanges’ Trading Volume Pushes Litecoin Price Back Toward $65Rivetz and Telefonica Partner to Improve Mobile Device SecurityChina Plans to Ban All Fossil Fuel CarsMajor Blockchain Consortium R3 Sues RippleFBI Investigates Uber for Spying on LyftMultiple Mining Pools Suffer From Yiimp HackSouth Korean Court Rules Confiscation of Bitcoin to Be IllegalNEO Price Keeps Slipping as Chinese Trading Volume Dries upNew Version of “Your Windows is Banned” Malware Demands $50 in BitcoinAndroid Oreo Bug Consumes Mobile Data While WiFi is Active

https://themerkle.com Mon, 11 Sep 2017 09:19:44 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.5 https://themerkle.com/wp-content/uploads/2016/03/cropped-merkle-white-1-32×32.png https://themerkle.com 32 32 https://themerkle.com/chinese-exchanges-trading-volume-pushes-litecoin-price-back-toward-65/ https://themerkle.com/chinese-exchanges-trading-volume-pushes-litecoin-price-back-toward-65/#respond Mon, 11 Sep 2017 09:18:06 +0000

Chinese Exchanges’ Trading Volume Pushes Litecoin Price Back Toward $65


After a very rough weekend for all cryptocurrencies, it appears things are slowly heading in the right direction once again. The Bitcoin price is still a lot lower than most people would like, but all top cryptocurrencies are effectively recovering as we speak. Especially Litecoin is showing some positive momentum, as its value is heading is heading back to the $65 mark as we speak. Litecoin Price Rebounds Nicely Given all of the cryptocurrency market volatility over the past few weeks, everyone will agree things aren’t looking all that great. That being said, these markets often rebound pretty quickly regardless ]]>

After a very rough weekend for all cryptocurrencies, it appears things are slowly heading in the right direction once again. The Bitcoin price is still a lot lower than most people would like, but all top cryptocurrencies are effectively recovering as we speak. Especially Litecoin is showing some positive momentum, as its value is heading is heading back to the $65 mark as we speak.

Litecoin Price Rebounds Nicely

Given all of the cryptocurrency market volatility over the past few weeks, everyone will agree things aren’t looking all that great. That being said, these markets often rebound pretty quickly regardless of which news is rocking the confidence. With China effectively cracking down on ICOs and allegedly cracking down on exchanges – which is still not officially confirmed – there is a lot of volatility ahead to take into account.

For the average Litecoin holder, there is no reason to be concerned whatsoever. In fact, it seems the Litecoin price is rebounding a lot quicker than most people would have expected at this point. With an 8.42% gain over the past 24 hours, the Litecoin price is heading back toward the $65 mark as we speak. It is worth mentioning Litecoin is gaining value in both the USD and BTC markets alike, which is pretty intriguing. This rebound is aided thanks to $508.5m in 24-hour trading volume as well.

Considering how the Litecoin price is often determined by the Chinese exchanges, it is interesting to see whether or not they are still interested in trading LTC. After all, if the recent news is correct, exchanges will soon prohibit exchanges from dealing with cryptocurrencies altogether. That would also mean the Litecoin trading volume will dry up pretty quickly. Unsurprisingly, the Chinese exchanges are still driving the Litecoin trading volume as we speak.

More specifically, OKCoin leads the markets with 24.27% of all Litecoin trades. Huobi is in second place with 19.19%. CHBTC and Huobi are also in the top 15 of exchanges by trading volume. This confirms there will, most likely, not be a ban against exchanges dealing with cryptocurrencies anytime soon. It is true the Chinese platforms trade Litecoin at a slightly lower value compared to the rest of the market, as the gap is close to $5 compared to Western exchanges.

All of this information points toward how Chinese traders are still determining the Litecoin price as we speak. Despite trading at a lower market value compared to the rest of the world, the trading volume itself speaks volumes. If there was an impending ban against Chinese exchanges dealing with cryptocurrencies, the Litecoin price would effectively collapse under the weight of Chinese investors liquidating their assets. That has not happened so far, which is not entirely surprising.

It will be interesting to see how the Litecoin price evolves over the coming days and weeks. With the value going up as we speak, the future may not look all that bleak after all. There is still a lot of uncertainty across the markets, which will not necessarily subside anytime soon. However, there are signs of positive price momentum which is the only thing that matters right now.

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https://themerkle.com/chinese-exchanges-trading-volume-pushes-litecoin-price-back-toward-65/feed/ 0 https://themerkle.com/rivetz-and-telefonica-partner-to-improve-mobile-device-security/ https://themerkle.com/rivetz-and-telefonica-partner-to-improve-mobile-device-security/#respond Mon, 11 Sep 2017 08:40:02 +0000

Rivetz and Telefonica Partner to Improve Mobile Device Security


Rivetz strikes partnership with Telefonica to provide Cybersecurity Services RICHMOND, Mass., Sept. 7, 2017 –  Rivetz Corp. (“Rivetz”), a leading provider of mobile, decentralized security solutions for business customers worldwide, today announced a partnership agreement with Telefonica USA, a subsidiary of Telefonica Business Solutions, leading provider of a wide range of integrated communication solutions for the B2B market of the Telefonica Group. This agreement allows Rivetz to immediately integrate Telefonica’s CyberThreats Detection & Response Service. The CyberThreats Detection & Response Service is designed for organizations and individuals that need protection against a wide range of cyber threats: Information leaks, hacktivism, security breaches, credentials theft ]]>

Rivetz strikes partnership with Telefonica to provide Cybersecurity Services

RICHMOND, Mass., Sept. 7, 2017 –  Rivetz Corp. (“Rivetz”), a leading provider of mobile, decentralized security solutions for business customers worldwide, today announced a partnership agreement with Telefonica USA, a subsidiary of Telefonica Business Solutions, leading provider of a wide range of integrated communication solutions for the B2B market of the Telefonica Group. This agreement allows Rivetz to immediately integrate Telefonica’s CyberThreats Detection & Response Service.

The CyberThreats Detection & Response Service is designed for organizations and individuals that need protection against a wide range of cyber threats: Information leaks, hacktivism, security breaches, credentials theft and other sources of identity disruption.

“Telefonica is a powerful addition to our provider portfolio,” said Steven Sprague, CEO for Rivetz Corp. “Their strong presence in Spain, Europe and Latin America, combined with their innovative solutions, Tier 1 network and superior customer service, make them an ideal fit to provide advanced cyber security controls to support a new RvT powered global network of secured endpoints.”

ABOUT RIVETZ Corp. 

Rivetz offers a number of application and a developer tool kit to enable a broad range of service from enhanced Multi-factor authentication capability with integrated cybersecurity controls to full integration with modern fintech and blockchain solutions. Rivetz solution leverages the trusted computing capabilities already embedded on hundreds of millions of devices and combines it with Blockchain technology to provide a new operational and economic model for decentralized security. The solution provides users with the Simplicity and safety they demand and enables the provable compliance records and controls the enterprise requires. Rivetz is a market leader in decentralized security for Mobile, IoT and blockchain.

To learn more about how Rivetz can help your business, please visit www.Rivetz.com.

ABOUT TELEFONICA BUSINESS SOLUTIONS

Telefónica Business Solutions, a leading provider of a wide range of integrated communication solutions for the B2B market, manages globally the Enterprise (Large Enterprise and SME), MNC (Multinational Corporations), Wholesale (fixed and mobile carriers, ISPs and content providers) and Roaming businesses within the Telefonica Group. Business Solutions develops an integrated, innovative and competitive portfolio for the B2B segment including digital solutions (Cloud, IoT, Security) and telecommunication services (voice, data, mobile, satellite, unified and global solutions). Telefonica Business Solutions is a multicultural organization, working in over 40 countries and with service reach in over 170 countries.

For more information, visit www.business-solutions.telefonica.com

SOURCE Rivetz Corp.

The Rivetz token sale ends on September 10th 17:00 UTC. Visit their token sale page to avoid missing out.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

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https://themerkle.com/rivetz-and-telefonica-partner-to-improve-mobile-device-security/feed/ 0 https://themerkle.com/china-plans-on-banning-all-fossil-fuel-cars/ https://themerkle.com/china-plans-on-banning-all-fossil-fuel-cars/#respond Sun, 10 Sep 2017 19:00:49 +0000

China Plans to Ban All Fossil Fuel Cars


China has been on a warpath to ban many different things lately. Recently the price of Bitcoin was affected drastically because of the country’s latest “we are banning Bitcoin” stunt, but also from its recent condemnation of ICOs and potential ban of cryptocurrency exchanges themselves. However, China’s love of banning things is not limited just to the financial sector. The country will likely ban the sale of fossil fuel cars soon as well. A Noble Ban While I think China’s recent banning binge is getting a bit out of hand – they even want to ban some soft cheeses – banning fossil fuel ]]>

China has been on a warpath to ban many different things lately. Recently the price of Bitcoin was affected drastically because of the country’s latest “we are banning Bitcoin” stunt, but also from its recent condemnation of ICOs and potential ban of cryptocurrency exchanges themselves. However, China’s love of banning things is not limited just to the financial sector. The country will likely ban the sale of fossil fuel cars soon as well.

A Noble Ban

While I think China’s recent banning binge is getting a bit out of hand – they even want to ban some soft cheeses – banning fossil fuel cars will have huge implications for global health and the environment. Many of us are familiar with the horrifying photos of the smog problems in major Chinese cities. It appears that the government is now very concerned with cleaning up the air and keeping it clean.

The proposal to ban polluting automobiles will be implemented in stages over the course of some years to allow automakers the opportunity to retool their factories and adjust their marketing strategies. This could very well set a new trend in the global automotive market considering how many cars are made in China. If one of the largest vehicle production countries in the world were to begin making only electric cars, many others may follow suit. A Japanese car company, Honda, is already working on building an all-electric vehicle for the Chinese market. This is just one example of how this ban will force the world to reconsider producing and using vehicles powered by combustion engines.

In an effort to provide even more of an incentive to go green, the Chinese government will provide generous subsidies to electric automotive makers. There also will likely be a cap and trade system put in place for companies to buy or sell emission quantities in order to help them along the way.

This comes at a time when many other nations are showcasing their plans to meet mandated emissions cuts by 2030. China has already taken on some of the more drastic cuts in its production and manufacturing sector. Frankly, it is impressive to see China do this so readily when certain western nations continue to drag their feet the entire way.

Will It Be Enough?

While it is great in my mind that China is looking to ban fossil fuel-powered cars, I also know that the electricity required to charge those batteries has to come from somewhere. China’s electricity production is still very heavily reliant on fossil fuels. The country is working on rolling these back as well, but it is still something to consider. If everyone driving a car in China were suddenly to charge his or her vehicle, that would add a previously unknown strain on the power grid. Power plants would likely have to increase their production and output just to meet the demand from all those vehicles. This may just serve to offset the carbon cost from one industry to another. Regardless, it is an interesting development and one of the more sane bans that China has announced recently.

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Major Blockchain Consortium R3 Sues Ripple


R3 Holdco LLC – the operating company behind leading US-based blockchain consortium R3CEV – is suing Ripple. Ripple is the development company of the fourth-largest blockchain network in the world with a US$8 billion market cap. The lawsuit has been filed over R3’s previous agreement to purchase Ripple’s native token XRP at a fixed rate over a specified period of time. Ripple Is Being Sued According to the lawsuit filed by R3, they and Ripple entered into an agreement in September of 2016 to permit R3 to purchase up to 5 billion XRPs at a fixed price of US$0.0085 over a three-year period. Solely based on ]]>

R3 Holdco LLC – the operating company behind leading US-based blockchain consortium R3CEV – is suing Ripple. Ripple is the development company of the fourth-largest blockchain network in the world with a US$8 billion market cap. The lawsuit has been filed over R3’s previous agreement to purchase Ripple’s native token XRP at a fixed rate over a specified period of time.

Ripple Is Being Sued

According to the lawsuit filed by R3, they and Ripple entered into an agreement in September of 2016 to permit R3 to purchase up to 5 billion XRPs at a fixed price of US$0.0085 over a three-year period. Solely based on the contract, R3 has the right to purchase 5 billion XRPs at a rate that is significantly lower than the current price of US$0.21 until September 2019.

However, Brad Garlinghouse – the CEO of Ripple – attempted to terminate the options contract in an email to R3 CEO David Rutter. This was not permitted per the previous agreement which both companies had signed. Reuters revealed that R3 has demanded a simple request from both Ripple and the court that would allow the firm to retain its rights to purchase XRPs over the next two years.

On the same day – September 8th – Ripple responded with a counterclaim that R3 had violated its previous contracts. The Ripple blockchain network’s operating entity claimed that R3 had not fulfilled its previous agreements, which included a parallel technology partnership agreement that promised Ripple access to R3’s infrastructure and member bank network. In the lawsuit against Ripple obtained by Reuters, R3 also agreed to promote Ripple technology.

The intricacies of Ripple’s lawsuit remain undisclosed and limited to the public. However, Reuters noted in its report that the company is demanding that R3 pay damages determined at trial before attempting to regain rights to its purchasing power over billions of XRPs.

“Our filing is straightforward – R3 misrepresented their ability and intent to deliver on their commitments. Given XRP’s ~4000 percent increase over the course of the year, R3 suddenly wants to tap into the value of XRP, though the facts are clear that they did not earn any option based on our agreement,” a Ripple spokesperson told Reuters in a statement.

In essence, Ripple has accused R3 of violating its parallel technology partnership agreements and failing to provide its network of banks to the company. The company further emphasized that R3 only requested a bulk purchase of XRPs given that the value of XRP has risen by over 4,000 percent in just over a year.

Depending on how the court decides, the two lawsuits could result in Ripple being ordered to grant R3 the power to purchase XRPs, given that R3 agrees to meet its previous parallel technology partnership agreement and pay the damages requested by Ripple.

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https://themerkle.com/major-blockchain-consortium-r3-sues-ripple/feed/ 0 https://themerkle.com/fbi-investigates-uber-for-spying-on-lyft/ https://themerkle.com/fbi-investigates-uber-for-spying-on-lyft/#respond Sun, 10 Sep 2017 17:00:37 +0000

FBI Investigates Uber for Spying on Lyft


Corporate espionage is nothing new in the business world. Every company would like to know what its competitors are doing behind closed doors and to gain an edge on the market. While tempting, these practices are illegal and usually are not espionage in the way we think of clandestine operations. However, Uber is currently being investigated for actually spying on Lyft drivers. Your Driver is… Bond? While it may not have been as action-packed as a Bond movie, Uber has gotten in some hot water for its spying activity. The company realized there was a flaw in the system of its main competitor, Lyft, and thoroughly exploited ]]>

Corporate espionage is nothing new in the business world. Every company would like to know what its competitors are doing behind closed doors and to gain an edge on the market. While tempting, these practices are illegal and usually are not espionage in the way we think of clandestine operations. However, Uber is currently being investigated for actually spying on Lyft drivers.

Your Driver is… Bond?

While it may not have been as action-packed as a Bond movie, Uber has gotten in some hot water for its spying activity. The company realized there was a flaw in the system of its main competitor, Lyft, and thoroughly exploited that flaw. The spying program ran for two years, 2014 to 2016. The program was called “Hell” and it may be raising all sorts of itself for the company.

The objective of this program was to identify Uber drivers who also drove for Lyft. These “double-appers” are not technically violating any agreement with either company by driving for the other, but for obvious reasons both companies would like to have their drivers be loyal to them alone. So if Uber were to identify one of its drivers in the Lyft system, Uber would attempt to convince that driver to give up his or her gig with Lyft, rather than penalizing them.

Because of this, the FBI’s New York office is now investigating whether this amounts to corporate espionage, as well as whether it illegally interfered with Lyft. This latest revelation just adds to the mountain of legal cases brought against Uber. Clearly, the company has seen better days.

Is This Illegal?

My gut reaction to all this is that Uber has committed a crime here, but I am no corporate lawyer. It strikes me that at the very least the company was encroaching on the privacy of not only its drivers, but the drivers of its main competitor. When hackers and other cybercriminals exploit vulnerabilities in systems, we call that a crime. Just because a large corporation is doing something similar does not mean it is “just business.” Happily, Uber did not release troves of personal information on drivers or double-appers, nor did it extort people for money like the majority of cybercriminals out there. However, this is hardly any consolation.

That being said, Lyft should have been more careful in vetting its code to ensure this sort of thing did not happen in the first place. While the crux of the blame falls on Uber for violating the privacy rights of Lyft drivers, Lyft also needs to do a better job at protecting its own drivers from such attacks.

This will be an interesting legal situation that may set some precedent for who is at fault when code vulnerabilities are exploited. Can the exploitation of code be considered ethical if companies do not properly vet their systems? My guess is no, but this investigation will let us know one way or the other.

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https://themerkle.com/fbi-investigates-uber-for-spying-on-lyft/feed/ 0 https://themerkle.com/multiple-mining-pools-suffer-from-yiimp-hack/ https://themerkle.com/multiple-mining-pools-suffer-from-yiimp-hack/#respond Sun, 10 Sep 2017 16:00:08 +0000

Multiple Mining Pools Suffer From Yiimp Hack


It has been a while since we last saw a major issue affecting cryptocurrency mining pools. It is not uncommon for one or two pools to experience issues at some point. In this case, however, a few different pools were impacted due to an issue with the mining software. Several altcoins are affected by this problem, including Verge and VertCoin. Pool Software Hack Proves to be a big Problem As of right now, it is still unclear what exactly happened to the affected mining pools. YiiMP’s website displays a message indicating that the open source mining pool software has been hacked. It appears a lot of altcoin ]]>

It has been a while since we last saw a major issue affecting cryptocurrency mining pools. It is not uncommon for one or two pools to experience issues at some point. In this case, however, a few different pools were impacted due to an issue with the mining software. Several altcoins are affected by this problem, including Verge and VertCoin.

Pool Software Hack Proves to be a big Problem

As of right now, it is still unclear what exactly happened to the affected mining pools. YiiMP’s website displays a message indicating that the open source mining pool software has been hacked. It appears a lot of altcoin mining pools rely on this code for their backends, although it is unclear how many pools are directly affected by this hack. Several pools are reporting sudden issues with mining pool software, so it is possible a lot of platforms will be affected.

Among the pools having reported issues are Zpool and HashRefinery. Both companies are currently undergoing maintenance with no ETA as to when these platforms will come back online. It is never good to see multiple mining pools suffer from this type of issue, although we have no specific details regarding the exact cause of the hack itself. It does appear the software was compromised in such a way that mining pool payouts were redirected to a different address.

Luckily, it appears HashRefinery will not be suffering too much from this issue. The company has disabled stratum servers for now and has funds in cold wallets to cover any missing payouts. The money will not be sent to its hot wallet anytime soon, though, as the team is still investigating what is going on exactly. They want to be certain no one can access the money once it is transferred to the hot wallet. It is a smart decision, although one that may cause some payout delays.

According to the YiiMP site, the hacking method involved here is quite disconcerting. A lot of money has been stolen from various mining pools and addresses, and affected altcoins include Auroracoin, Vertcoin, and Verge. The only currency still safe – for the time being, at least – is Decred. This is still a preliminary report and not a complete list of what went down exactly. It is possible dozens of other currencies may be affected by this hack as well.

This is yet another demonstration of how cybercriminals will continue to target the cryptocurrency ecosystem. Given the value increases in both Bitcoin and virtually all altcoins, it is not entirely shocking that criminals would want to obtain cryptocurrency for their own nefarious purposes. There is a lot of money going around in crypto currently and mining pools can prove to be a weak link in the chain.

Until we know the exact details, there is no real point in speculating as to how these issues were facilitated in the first place. All we know for sure is that someone took advantage of a loophole and used it to his or her advantage somehow. It is impossible to tell how much value has effectively been stolen through this hack, as the full ramifications of this breach have yet to be understood. This is a very troublesome development, to say the least.

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https://themerkle.com/multiple-mining-pools-suffer-from-yiimp-hack/feed/ 0 https://themerkle.com/south-korean-court-rules-confiscation-of-bitcoin-as-criminal-profits-to-be-illegal/ https://themerkle.com/south-korean-court-rules-confiscation-of-bitcoin-as-criminal-profits-to-be-illegal/#respond Sun, 10 Sep 2017 15:00:12 +0000

South Korean Court Rules Confiscation of Bitcoin to Be Illegal


There are many different opinions among government officials worldwide on what can and cannot be done with Bitcoin. Although most countries still claim Bitcoin is not a currency, some states are looking at ways to confiscate the cryptocurrency. However, that may not be the case much longer in South Korea, where a local court ruled that Bitcoin cannot be confiscated. It is a very interesting precedent, to say the least. No More Confiscation of Bitcoin in South Korea It is quite interesting to keep an eye on the Bitcoin situation in South Korea. As most people are well aware, South Korean exchanges are the ]]>

There are many different opinions among government officials worldwide on what can and cannot be done with Bitcoin. Although most countries still claim Bitcoin is not a currency, some states are looking at ways to confiscate the cryptocurrency. However, that may not be the case much longer in South Korea, where a local court ruled that Bitcoin cannot be confiscated. It is a very interesting precedent, to say the least.

No More Confiscation of Bitcoin in South Korea

It is quite interesting to keep an eye on the Bitcoin situation in South Korea. As most people are well aware, South Korean exchanges are the main sources of trading volume for quite a few different major cryptocurrencies. Bithumb in particular is bringing in a lot of trading volume, although Coinone and Korbit should not be overlooked either. Despite growth in the legitimate use of Bitcoin, it appears criminals are also flocking to Bitcoin in the country.

Local police recently seized 216 bitcoins from an individual who was considered to be involved with criminal activity. Interestingly enough, it appears this seizure of assets was not legitimate according to a local district court. The Suwon District Court ruled that Bitcoin is not subject to confiscation, according to local sources. This is a rather surprising precedent that could send shockwaves throughout the world. After all, it only takes one precedent like this one to change regulation in the future.

In this particular case, the arrested individual was charged with running an illegal pornography site. Although the site in question had quite a lot of members, the operator never reported much in the way of membership fees collected. It is unclear whether the membership fees were paid in Bitcoin or if the money was converted later on. If the latter were the case, it was only a matter of time before this individual got arrested.

While the charges against the individual himself were not dismissed, the confiscation of his Bitcoin assets has been deemed illegal. It is evidently “not appropriate to confiscate Bitcoins as they cannot assume an objective standard value.” That is a rather clear and interesting statement by the Suwon district court. It does not claim that Bitcoin does not have a value, but rather that it is electronic money with no physical representation. It is a bit unclear if this means we may soon see dedicated legislation for Bitcoin in South Korea.

This does mean that, even if bitcoins were to be seized as criminal profits, the value calculation of these assets would prove pretty difficult. Bitcoin does not have a fixed value whatsoever, and one would need to calculate the corresponding amount instead of simply confiscating it. There will likely be some opposition to this judgment, as not everyone will see eye to eye regarding this decision.

The bigger question here is whether cryptocurrencies will ever gain legal recognition in South Korea. There are plans to introduce some form of legislation in the coming months, but nothing has been set in stone just yet. This may very well be the only case in which the confiscation of bitcoins is deemed illegal. The government will try to prevent rulings like this one from happening in the future; that much is evident.

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NEO Price Keeps Slipping as Chinese Trading Volume Dries up


It is fairly evident the Bitcoin price decline is dragging all other major currencies with it right now. Some of these currencies note much higher losses than what people would expect, though. NEO is one of the currencies swept up in the China ICO ban, which is heavily affecting its market cap. With another 9.88% decline in value, NEO ‘s market cap may very well go below $1bn soon. NEO Price Woes Grow Even Worse The past two weeks were not easy for NEO by any means. First of all, the currency is hurting because of Chinese regulators’ decision to ]]>

It is fairly evident the Bitcoin price decline is dragging all other major currencies with it right now. Some of these currencies note much higher losses than what people would expect, though. NEO is one of the currencies swept up in the China ICO ban, which is heavily affecting its market cap. With another 9.88% decline in value, NEO ‘s market cap may very well go below $1bn soon.

NEO Price Woes Grow Even Worse

The past two weeks were not easy for NEO by any means. First of all, the currency is hurting because of Chinese regulators’ decision to ban cryptocurrency ICO activities. All existing projects issuing tokens to Chinese investors have to refund customers. NEO will have to do exactly that, although no specific have been unveiled at this point. Most ICO projects have yet to figure out a proper refund procedure, for obvious reasons.

Secondly, there is this week’s rumor from China involving the potential suspension of all cryptocurrency trading. Although things have not gotten to that level, the misinterpreted news successfully spooked markets all over the world. As a result, all top cryptocurrencies are bleeding value as we speak, including NEO. In fact, this altcoin is taking a severe beating despite trying to mount a small comeback earlier this week.

Right now, one NEO is valued at $20.91. That is still a respectable price, even though the currency has seen an all-time high of well above $40 not too long ago. Many people believe this ecosystem can eventually become the improved version of Ethereum designed specifically for the Chinese user base. Whether or not the project can ever live up to those expectations, remains to be seen. It is certainly true hardly anyone will use NEO to issue an ICO in the near future. At least, not until China has introduced some proper regulation for this business model.

Moreover, it appears a lot of people are more than willing to part with their NEO at any price possible. That would certainly explain why the price is going down so quickly, even though the currency only has $49m worth of 24-hour volume. Compared to how much volume this currency usually gets this $49m is rather poor. Then again, a lot of platforms have frozen NEO trading until the regulatory situation improves in China.

Interestingly enough, the trading volume is still getting a helping hand from Chinese platforms. Both Jubi and Yuanbao are actively trading NEO against the Chinese Yuan as we speak. Yuanbao values this currency at $16.97, which is a lot lower than the current market average. Jubi on the other hand just displays the regular price. Do keep in mind statistics from both platforms haven’t been updated for several hours now. Other exchanges on the list for NEO include Bittrex, Binance, and Bitfinex. All of these markets trading the currency around its current price point.

Right now, it is unclear what the future holds for NEO as a currency. Until the dust settles in China, more losses are to be expected. With the market cap of this coin shrinking to %1.03bn, it seems to be a matter of time until it dips below the $1bn mark. NEO has also fallen out of the top 10 cryptocurrency list by market cap, although it still has a lead over BitConnect. An interesting situation to keep an eye on, though, as markets tend to rebound pretty quickly more often than not.

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New Version of “Your Windows is Banned” Malware Demands $50 in Bitcoin


There are many different types of malware in circulation, but some of these creations truly stand out. One of the more intriguing ones explains to people that their version of Microsoft Windows “has been banned.” Supposedly, the ban is due to users having violated the Microsoft terms of use. This scam is designed to infect computers with malware called “Rogue.Tech-Support.” A new version of this malware showed up earlier this week. Windows Has Been Banned Malware This particular type of malware goes all the way back to late 2016. At that time, security researchers came across a new type of malware which informed users that ]]>

There are many different types of malware in circulation, but some of these creations truly stand out. One of the more intriguing ones explains to people that their version of Microsoft Windows “has been banned.” Supposedly, the ban is due to users having violated the Microsoft terms of use. This scam is designed to infect computers with malware called “Rogue.Tech-Support.” A new version of this malware showed up earlier this week.

Windows Has Been Banned Malware

This particular type of malware goes all the way back to late 2016. At that time, security researchers came across a new type of malware which informed users that their Windows installation had been banned. Anyone with a decent brain will realize this is nothing but a scam rather than an actual threat. Victims who see this message should also realize that their computer has been infected with malware, which is a threat.

The dubious message shows up on the lock screen as soon as the user boots his or her computer, along with a mention of how they must call a Microsoft tech support phone number located in the US. Calling this phone number will not help anyone since this attack has nothing to do with Microsoft itself, but is merely the result of one’s computer having been infected by malware.

Interestingly, it is possible to call the phone number displayed on the screen, even though no one will receive any support from it whatsoever. Instead, they will be put in touch with a call agent who attempts to sell unnecessary support services. Callers are also informed that their Windows license has expired and that they need to pay US$99.99 for a new one. This is utterly bogus, of course, but novice computer users may be tricked into believing the story.

Every user who receives this screenlocker will see their computer allegedly locked due to a violation of Microsoft’s terms and services. There has supposedly been some “unusual activity” which caused Microsoft to disable the user’s key. If that were the case, paying US$99.99 for a new key still would not make any sense. Users can often dispute an invalid key without making any payment whatsoever. Sending this money to a “trusted Microsoft technician” to receive an unlock code will only result in the loss of funds.

Earlier this week, security researchers came across a new version of this old malware which boasts a similar message. Interestingly enough, the price for a new key is now just US$50 and must be paid in Bitcoin. That should be a clear giveaway that this is an attempt to scam people for US$50 through Bitcoin, although it is to be expected quite a few people will fall for it regardless.

In the new version, victims can no longer call a phone number, which is somewhat surprising. Then again, perhaps the developers realized that would have signaled yet another tech support scam to the majority of people. Such scam attempts have become rather prevalent over the years, and most people know they are designed to steal people’s money. Anyone posing as a representative from a legitimate company and demanding a Bitcoin payment should not be trusted whatsoever.

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Android Oreo Bug Consumes Mobile Data While WiFi is Active


Even though Android Oreo has not been around for very long, a major bug has already been discovered. It appears there is an exploit which bypasses the user’s WiFi preference and begins using up their mobile data instead. This will incur additional costs, even if the user sets a specific allowance of data to be used. Google is doggedly working on a fix, which is good news. The Android Oreo Bug is Worrisome It is never good to see a major flaw being discovered in a new operating system within its first week on the market. Android Oreo has been in development for quite ]]>

Even though Android Oreo has not been around for very long, a major bug has already been discovered. It appears there is an exploit which bypasses the user’s WiFi preference and begins using up their mobile data instead. This will incur additional costs, even if the user sets a specific allowance of data to be used. Google is doggedly working on a fix, which is good news.

The Android Oreo Bug is Worrisome

It is never good to see a major flaw being discovered in a new operating system within its first week on the market. Android Oreo has been in development for quite some time now and was finally introduced to the masses a few days ago. Unfortunately, it did not take long for security researchers to discover a major flaw in its source code. In the case of this particular exploit, the OS depletes users’ mobile data allowance even when the WiFI connection is enabled and active.

As most users are well aware, the Android operating system has always prioritized WiFi connectivity over mobile data – that is, assuming there is a wireless network to connect to in the first place. As a result, most users will not see their tablet or smartphone use mobile data when WiFi is available. Most users even turn off mobile data if they know WiFi connectivity will be available.

The bug affecting Oreo was discovered by a security researcher and has been reported to Google accordingly. It came to light after several users that had updated to Oreo complained about their mobile data being used without having selected it themselves. Despite being connected to a WiFi network at the time, these users noticed their remaining mobile data allowances going down. That is rather unusual and it should never have happened in the first place. Such spikes in data usage can be quite costly in the long run.

Some people who suffer from this issue have seen mobile data spikes of up to 6GB in 24 hours. Most users rely on WiFi connectivity to consume a lot of audio and video content on their mobile devices. However, if that data is transmitted over a data connection rather than WiFi, things can get out of hand pretty quickly. This is clearly an issue caused by Google and should never have made it into the final version of the OS.

Luckily, the company is reportedly working on a fix for this problem. At the time of writing, there was no official ETA as to when we could expect this software patch. It is possible this process may take a few days or even weeks. There is no hotfix to avoid this problem other than completely turning off mobile data when using the Android Oreo OS. With only a small amount of users having upgraded to the latest version, the issue is contained for the time being. Then again, it is still bad PR for the technology giant regardless.

We can only hope issues like these are fixed quickly and never occur again. It is impossible to comprehend how a company such as Google did not discover this flaw in any of its Oreo test builds over the past few months. After all, it is highly unlikely this bug has only become evident in the final version, as such an issue is usually present in earlier versions of updates. This is a very strange incident, but we can only hope it is one which gets fixed sooner rather than later.

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