Malware exploits weak passwords in PostgreSQL for cryptojacking
Up to 800,000 internet-connected databases could be vulnerable to crypto-mining malware that will use their computing capacity.
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Microsoft muscles into the Metaverse with Teams updates and Xbox upgrades
U.S. tech giant Microsoft is taking the plunge into the Metaverse via updates to its Teams and Xbox gaming console services, along with a new product called “Dynamics 365 Connected Spaces.” Microsoft CEO Satya Nadella announced the firm’s Metaverse plans for Teams and Spaces on Nov. 2 during the Microsoft Ignite conference. “The Metaverse enables…
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Using a DeFi protocol now costs more than $50 as Ethereum fees skyrocket
Gas prices on Ethereum posted fresh all-time highs on Tuesday as making a transaction now requires bidding more than 450 gwei, according to EthGasStation. Fees reach as low as 2 gwei in calm periods and were previously considered high at 30 gwei.The gas price is a generalized indicator of average prices, but translating it into…
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Ethereum smashes past $600 as CME unveils ETH futures product
Ether (ETH) has followed the breakout above $20,000 for Bitcoin (BTC) on Dec. 17, boosted by some big news from the Chicago Mercantile Exchange (CME). The CME just announced that they’d be launching Ether futures in 2021. "Based on increasing client demand and robust growth in our Bitcoin futures and options markets, we believe the addition of Ether…
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Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client
The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes.Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a way…
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Crowdfunding gets leg up from Lightning Addresses on Bitcoin
The Lightning Network strikes again. In a small yet significant development for Bitcoin (BTC), a new type of BTC address has been introduced: the “Lightning Address.” These unique identifiers are specifically designed for use on the Lightning Network, a layer-2 payment protocol that operates on top of the Bitcoin blockchain.A user-friendly addition to ways in which Bitcoin…
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Financial Action Task Force Urges UK to Improve AML Activities in Cryptocurrency Sector
The Financial Action Task Force (FATF), an intergovernmental financial security body, has demanded the United Kingdom step up its cryptocurrency monitoring. According to a new report released Dec. 7, the country needs increased measures to prevent money laundering and combat terrorist financing (CFT).As part of its dedicated “mutual evaluation” on the U.K.’s Anti-Money Laundering (AML)…
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China floats idea of ‘Asian yuan’ to reduce reliance on US dollar
The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business. 535 Total views 6 Total shares Researchers from a Chinese state-run think tank have floated the idea of an Asia-wide digital currency with the aim of reducing its reliance on a United States dollar-based…
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Missed out on hot crypto stocks in 2021? It paid just to buy Bitcoin and Ethereum, data shows
If “crypto,” then a straight buy-up of BTC and ETH fared better than big name stocks this year. 1785 Total views 40 Total shares Bitcoin (BTC) may have fluctuated in price this year, but BTC remains a better play than the biggest crypto stocks.New data currently circulating shows that for all the growth in the…