Over 35,000 Computers In Latin American Countries Infected With Crypto-Mining Malware, Report
A report from cyber-security firm, ESET, confirms over 35,000 computers have been infected with a crypto mining malware since June 2019. The attackers targeted Windows computers with over 90% of the detected computers in South America’s Peru.
According to the hacking news outlet, The Hacker News, the botnet crypto-malware, named “Victory Gate”, spread over Latin America in the early days of 2019. Since May 2019, the malware spread to over 35,000 Windows computers infecting them with a crypto mining botnet. Not to any surprise, the most prevalent coin being mined on these computers is privacy-focused, Monero (XMR).
According to the report on the malware hack, most of the victims were infected through via removable devices such as USB drives that installs a malicious payload into the system. Once installed, the botnet offers different commands to the node. The report reads,
“It has been active since at least May 2019 and, since then, three different variants of the initial module have been identified, in addition to approximately 10 secondary payloads that are downloaded from file hosting websites.”
Other cryptocurrencies could also have been mined in the process given the attacker was able to issue commands to the nodes to download and execute new secondary payloads. Luckily, ESET was able to detect and remove a portion of the crypto-mining malware from these computers earlier this month.
An observation by the ESET team confirms that close to 2000-3000 computers were mining XMR in the background on average daily. This totaled to about $6,000 in XMR tokens mined from this botnet.
“If we estimate an average hash rate of 150H/s, we could say that the authors of this campaign have collected at least 80 Monero (approximately $6000) from this botnet alone.”
Despite the efforts ESET has made to remove the botnets from the computers, the cyber-security firm warns that new infections could affect the computers. Users have been urged to stay vigilant as Victory Gate can re-infect those computers that were not in the ESET ‘sink holing’ project.
Over 35,000 Computers In Latin American Countries Infected With Crypto-Mining Malware, Report
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- Start of the German-French Citizens' Fund
- Crypto Hedge Fund Titan Reveals Bitcoin Trading Strategy, Says BTC, Ethereum and XRP Poised to Challenge US Dollar
- The Rise of Binance’s Changpeng Zhao: Technologist to Crypto Tycoon
- Pastor Says Bill Gates Wants Humans ‘Crypto Mined’ and Vaccinated as COVID-19 Conspiracies Continue to Spread
Start of the German-French Citizens' Fund
Berlin (ots) – The Franco-German Citizens' Fund sets an example for European cohesion – both in the Corona crisis and beyond. With a total budget of 2.4 million euros, both governments are now supporting projects that deepen the civil society exchange between Germany and France – in line with the Aachen Treaty.
Now more than ever! Germany and France show that they stand together.
Exchange, encounter, community, solidarity and commitment reinvent themselves in order to survive and make a contribution in the current crisis. It is particularly important now to strengthen a vibrant civil society, active democracy and European cohesion. The German-French Citizens' Fund makes this possible: it is an initiative of the Aachen Treaty and is financed by the Federal Ministry for Family, Seniors, Youth and Women (BMFSFJ (http://www.bmfsfj.de)), by the French education and Ministry of Youth (https://www.education.gouv.fr/) and the French Ministry of Europe and Foreign Affairs (https://www.diplomatie.gouv.fr/de/). The implementation is carried out by the German-French Youth Office (DFJW (http://www.dfjw.org)).
"We decided together to start this flagship project of the Treaty of Aachen during the crisis and to send a strong signal to German and French civil society. The Franco-German Citizens' Fund is an appreciation and encouragement for everyone who is involved in civic activities and so that our societies and Europe stick together ", said Juliane Seifert, State Secretary in the BMFSFJ, and Gabriel Attal, French State Secretary in the Ministry of Education and Youth.
"It is not only the current corona crisis that shows that European solidarity is essential. Where the citizens of our two countries act together and feel connected, nationalistic mistakes end. With the support of the Franco-German Citizens' Fund, everyone can do something about the Europe project We would like to thank the Franco-German Youth Service for the development work in a short time, "said Michael Roth, Minister of State for Europe at the Federal Foreign Office, and Amélie de Montchalin, State Secretary for European Affairs to the French Minister for Europe.
"The Citizens 'Fund opens a new chapter in the history of relations between our two countries: what began with the Elysee Treaty and the founding of the DFJW continues with the Treaty of Aachen and the Franco-German Citizens' Fund. Germans and French need each other more than ever ", said Tobias Bütow and Anne Tallineau, DFJW general secretaries.
What is funded?
The Franco-German Citizens Fund supports those who are actively committed to a strong European civil society; Franco-German projects that bring us closer together; Encounters across generations and across borders.
In order to take the special circumstances into account, the focus is initially on online encounters: For example, online dinners (https://www.buergerfonds.eu/aktuelles/online-dinner) can already plan future projects. Projects (https://www.buergerfonds.eu/aktuelles/organisieren-sie-digitale-projekte-100) between creative artists, sports clubs or town twinning associations can also go new ways and be promoted online.
When the curfews are lifted and normality returns, the citizens' fund should also bring people back together physically: From group exchanges with the partner city or a joint concert, through Franco-German conferences and digital projects to a cross-border sporting event or an anniversary event: Funded projects should To stimulate, renew or deepen exchanges between citizens from Germany and France effectively and innovatively. They strengthen democracy in Germany and France and promote European understanding and diversity. The focus is on topics such as environmental protection, intergenerational dialogue, health, culture, human rights, sport or digitalization.
Who can participate?
The Citizens 'Fund is aimed at associations and citizens' initiatives, town twinning and foundations or actors from the social economy, education and science in the service of a living Europe. The citizens' fund is intended to help make Franco-German friendship tangible to the general public.
How can you participate?
The funding is therefore particularly low-threshold: language skills are not required, an online search exchange for partner organizations will provide contacts, and the funding application (https://www.buergerfonds.eu/foerderantrag) is simply submitted online.
The Citizens' Fund stems from the Aachen Treaty concluded in 2019, with which Germany and France reaffirmed their cooperation 56 years after the Elysée Treaty (1963). One of the agreements: strengthen joint civil society initiatives and town twinning. The Citizens' Fund offers financial and structural support for this. This makes a long-cherished wish of committed German-French sponsors and associations a reality.
The implementation is the responsibility of the German-French Youth Office (DFJW), which has been promoting exchange between young people in Germany and France for decades and is networked with thousands of civil society actors in both countries. The DFJW establishes the Citizens' Fund during a pilot phase of three years.
The budget of the Citizens' Fund is made available in equal parts by Germany and France: The Federal Ministry for Family, Seniors, Women and Youth (BMFSFJ) gives 1.2 million euros. The French Ministry of Education and Youth (DJEPVA) and the French Ministry of Europe and Foreign Affairs (MEAE) each give 600,000 euros.
Franco-German Citizens' Fund
Implemented by the DFJW
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Original content from: Deutsch-Franzisches Jugendwerk (DFJW), transmitted by news aktuell
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Crypto Hedge Fund Titan Reveals Bitcoin Trading Strategy, Says BTC, Ethereum and XRP Poised to Challenge US Dollar
Dan Morehead, chief executive of crypto investment firm and hedge fund Pantera Capital, says leading digital assets like Bitcoin (BTC), Ethereum (ETH) and XRP will challenge the supremacy of the US dollar in the long run.
In the latest episode of Real Vision Finance with macro investor Raoul Pal, Morehead describes the current economic backdrop that he believes may spell the beginning of the end of US dollar dominance.
“In the fiscal policy, we’ve seen a 10% of GDP stimulus signed days before a new stimulus plan has been talked about. These are just numbers that are literally off the charts. I think it is almost certain that the United States is going to exit this crisis with more debt than after the battle against the Great Depression or World War II.”
Morehead points out that the change from the dollar to a new reserve currency will happen over the course of many years.
“It’s a fact of the world that the dollar is the reserve currency right now. That’s changed every 80 or hundred years over the last six centuries…
I do think in the long run, and this is decades, cryptocurrencies will become reserve currencies, whether it’s Bitcoin or Ethereum or Ripple. Ultimately, some of those will be reserve currencies but governments are very slow to change and so I think that’s a 10 to 20-year, very slow progression.”
When asked which cryptocurrencies have staying power, the crypto investment firm executive says that only a handful of tokens will make the cut.
“I think there’s going to be a single-digit of very important blockchains…
It’s already starting to shape up where you’re seeing Bitcoin not really changed very much but being really good at storing wealth… You see Ethereum be really dynamic, and they’ve already got Ethereum 2.0… Then Ripple’s taken an enterprise SaaS version of this and trying to work with all the banks… I think there’s space for eight to 10 of those use cases in the long, long run.”
Morehead also expects a resurgence in crypto after institutional investors assess the damage and see that the current economic crisis brings new opportunities.
As for the current crypto strategy at Pantera, Morehead says the firm has temporarily sold a significant portion of its altcoin holdings for the short term, expecting Bitcoin to lead a comeback within a year.
“The only conclusion we can come to for cryptocurrency is that in the six to nine-month time frame it’s going to be very positive.”
The Rise of Binance’s Changpeng Zhao: Technologist to Crypto Tycoon
- Changpeng Zhao’s net worth is around $2.6 billion, double that of a year ago.
- The exchange he founded, Binance, became the largest on the planet in less than half a year.
- CZ now uses a considerable part of his fortune for philanthropy through the Binance Charitable Foundation.
- Zhao likely reinvests a significant portion of his wealth back into expanding the Binance empire.
Changpeng Zhao, or CZ, has become one of the most influential people in crypto. He’s also one of the industry’s most powerful as a result of the incredible success of his exchange, Binance. Here’s how he ascended to power.
CZ was born in China and raised in Vancouver, Canada. Zhao later worked in New York and Tokyo building trading software after graduating from McGill University in Montreal.
Zhao has a long history of building infrastructure and systems for exchanges. In 2005, he moved to Shanghai to establish Fusion Systems, which built high-frequency trading systems for stock brokers.
After becoming interested in cryptocurrency, CZ got involved in a number of crypto projects. He joined Blockchain.com in 2013 as the third member of its team. In 2014, he served as the CTO of another popular crypto exchange, OKCoin. He left the role a year later citing a “difference of direction,” and went on to launch a startup that provided cloud-based services to exchange operators in its place
Finally, in 2017, he decided to found his own exchange—Binance. The exchange was launched after a $15 million raise during the Binance Coin, or BNB, token offering.
By early 2018, Binance was the largest cryptocurrency exchange in the world, and it has already expanded its operations to the United States, Singapore, Uganda, and Jersey.
Low fees, shrewd marketing, and a huge number of available cryptocurrencies allowed Binance to grow from a fledgling startup in 2017 to the most popular crypto exchange in the world in a mere 180 days. Sustained innovation and operational skill has allow Binance to maintain this dominance.
Binance’s rapid rise was fueled by low trading fees and competitive features. Those that chose to pay in Binance’s native token, Binance Coin, traded with even lower fees. Even the most expensive fee tier for Binance is only 0.1%. These fees get even lower as a trader becomes more active.
Coinbase, for reference, includes a flat charge that can represent trading fees of more than 10% for small transactions. Meanwhile, Coinbase Pro charges fees as high as 0.5%, five times that of Binance’s most expensive tier.
The breadth of Binance’s coin offering also allows it to compete with other more conservative crypto exchanges. Coinbase Pro, for example, currently offers fewer than 60 trading pairs. Binance, meanwhile, offers over 600 trading pairs and supports three times as many digital assets.
Minimal fees and an expansive list of tradeable assets helped propel Binance to the top. When the crypto market began to heat up in 2017 Binance was well positioned to serve the influx of new traders.
As a privately held company, Binance is under no obligation to reveal its revenues or profits. However, the exchange has long held a policy of burning an estimated 20% of its quarterly profits in BNB.
Working backwards, it’s possible to estimate Binance’s profitability. Its tenth burn in Q4 2019, for example, took 2.2 billion BNB tokens out of circulation, worth around $40 million at the time.
However, the exchange had previously changed its burn policy, which now represents “activity” on the exchange’s various trading solutions, rather than profits. That may make BNB burn events less indicative of Binance’s profitability.
The exchange’s 11th quarterly burn in April this year saw almost 3.5 million BNB tokens destroyed. That was the equivalent of over $50 million.
Excluding the last two burns, it is possible to calculate Binance’s profits from the third quarter of 2017 to the third quarter of 2019. During that time, the exchange burned $170 million worth of BNB tokens, representing an estimated 20% of its profits.
Using this logic, that means Binance earned an estimated $850 million in profits from July 2017 to October 2019. It is thought to have crossed the $1 billion cumulative profit mark soon after, based on media reports. This number will only grow as the cryptocurrency enters the mainstream.
200 million BNB tokens were originally issued according to the Binance whitepaper. 50% of these tokens were allocated to ICO investors, 40% went to the founding team, and angel investors took the remaining 10%.
That means the founding team held, upon launch, 80 million BNB. There were six members of the founding team. However, in mid-2019 they decided to give up the team’s initial allocation. That said, the exchange is burning these tokens gradually, so its impact on supply may takes years to fully materialize.
However, with Binance earning trading revenues in BNB, the exchange continues to accumulate these tokens.
Prices for BNB have risen significantly as a result of this decreasing supply along with the coin’s rising utility. From its initial offering price of 10 cents, BNB currently trades for around $15, with its all-time high at almost $40 in June 2019.
CZ holds most of his fortune in crypto and claims to have very little in the way of fiat money. In mind-2018 he revealed that he had a personal fortune of over $2 billion.
In February 2018, CZ was third on the Forbes “Prophets Of Boom” list of crypto billionaires, behind Ripple’s Chris Larsen and Joseph Lubin of Ethereum and ConsenSys. They estimated his net worth between $1.2 and $2 billion.
Changpeng Zhao fell off the Forbes Rich List in 2020, with an estimated net worth of $1.2 billion. He came in at 1,818 in 2019, and number 216 on China’s Rich List in 2018. His fall away from the list could have resulted from the dramatic drop in cryptocurrency prices that year.
A recent Hurun Global Rich List placed Changpeng Zhao as the richest billionaire in cryptocurrency, an industry that has created six billionaires so far. They named CZ at 1,097th place on their global rich list.
Based on figures from Binance’s estimated revenues, we estimate Zhao’s personal fortune at double what it was in Forbes’ 2018 calculation. Today, Changpeng Zhao’s net worth is around $2.6 billion.
Like many billionaires, CZ is also an active philanthropist. He is a board member of the Binance Charity Foundation, which supports a wide range of charitable initiatives.
Binance changed its listing fee policy at the end of 2018, asking teams who wanted to list on the exchange to instead make a donation to one of their charities. The exchange also recently launched a $5 million coronavirus relief campaign with donation matching.
But, like many entrepreneurs, most of Zhao’s fortune is likely getting reinvested in his exchange. This could help explain the impressive pace at which Binance is innovating.
Binance regularly adds new financial instruments. In 2019, the exchange rolled out futures, margin trading, lending, staking, and even its own stablecoin (BUSD). These bold additions allow the exchange to compete directly with more specialized competitors, like derivatives exchange BitMEX or lending platform BlockFi.
The exchange is also building out key infrastructure through Binance-branded fiat-to-crypto exchanges, including Binance.US and four other branded exchanges.
The exchange is innovating in terms of technology as well. It began offering a decentralized exchange through Binance DEX, the first major exchange to do so. It was also one of the first exchanges to pioneer the initial exchange offering, or IEO, through Binance Launchpad. The exchange even developed its own blockchain to compete with the likes of Ethereum, Binance Chain.
Binance isn’t afraid to make strategic investments, either. High-profile acquisitions like CoinMarketCap, Mars Finance, TravelbyBit, and Trust Wallet have expanded Binance’s sphere of influence far beyond that of just a cryptocurrency exchange.
Given these bold moves, Changpeng Zhao is expected to maintain his position as one of the wealthiest and most influential people in cryptocurrency.
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Author: by Paul de Havilland, Mitchell Moos
Pastor Says Bill Gates Wants Humans ‘Crypto Mined’ and Vaccinated as COVID-19 Conspiracies Continue to Spread
From popularizing PCs to mining cryptocurrency with your brain waves — right-wing pastor Steve Cioccolanti adds more grist to the Bill Gates conspiracy mill
Microsoft co-founder Bill Gates has been accused of trying to get every human “traced, vaccinated and crypto mined” by Steve Cioccolanti, a pastor at Discover Church.
He compares these “benign” ambitions to installing personal computers in everyone’s homes.
Cioccolanti is one of many right-wing religious leaders who chose to downplay the danger posed by the lethal coronavirus.
Anti-vaxxers have been tirelessly spreading disinformation about Gates ever since he spearheaded the effort to develop a vaccine for the novel virus by funding its manufacturing. The proponents of the 5G conspiracy theory also believe that the vaccine approved by Gates will come with a microchip implant.
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected]
Author: Sun, 04/26/2020 – 11:10