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/ This NFT on OpenSea Will Steal Your IP Address
NFTs are usually passive affairs. A consumer buys the token, and then sells or stores the NFT. The NFT doesn’t really do anything. Some new NFTs are being used to harvest viewers’ IP addresses, though, in a demonstration of how NFT marketplaces like OpenSea allow vendors, or attackers, to load custom code when someone simply views an NFT listing. “We've been researching a lot of problems in the NFT space (with more of a focus on fraud) and one of the things we were playing around with was different XSS attacks on websites that display NFTs which is when I realized we could get OpenSea to load HTML pages,” Nick Bax, head of research at NFT organization Convex Labs, told Motherboard in an online chat. XSS refers to cross site scripting attacks, one of several different kinds of attack that someone could use an NFT for.
More on VICE• 2022-01-28
/ Putin Says Russia Has 'Competitive Advantages' in Bitcoin Mining
Russian president Vladimir Putin today said that Russia has "certain competitive advantages" when it comes to mining cryptocurrencies such as Bitcoin, according to a transcript posted to an official government website. His comments came one day after the government's Finance Ministry said it would be "necessary to allow these technologies to develop"—and that a cryptocurrency ban was not necessary. Last week, Russia’s central bank called for a ban on Bitcoin mining and cryptocurrency transactions. "As for cryptocurrencies, the central bank has its own position, it is related to the fact that, according to experts of the central bank, the expansion of this type of activity carries certain risks, and above all for the citizens of the country, given the high volatility and some other components of this topic," President Putin said Wednesday in a video call with government members.
More on Decrypt• 2022-01-26
/ Oregon Man Admits Selling Marijuana and Laundering Bitcoin
An Oregon man admitted selling marijuana on the darkweb and laundering Bitcoin. Robert Kelly O’Neill, 59, pleaded guilty to possession with intent to distribute marijuana and money laundering. O’Neill’s case, along with many others, came from the investigation conducted as a part of the so-called “Operation Dark Gold.” In January 2016, Homeland Security Investigations (HSI) and the U.S. Postal Inspection Service (USPIS) launched a widespread investigation into darkweb vendors, according to announcements from both agencies. During the investigation, HSI and USPIS employees identified a darkweb vendor known as “Gold” who exchanged Bitcoin for cash. Gold advertised money laundering services wherein darkweb vendors would send Gold Bitcoin and Gold would ship cash to a physical address provided by the vendor. Such a scheme is ripe for infiltration by law enforcement; if they were able to take control of Gold’s accounts, they could passively collect the addresses of darkweb vendors
More on Darknetlive• 2022-01-24
/ Bank of Russia Calls for Full Ban on Crypto
Russia must ban cryptocurrencies, the country's central bank said in a report released Thursday. The report, "Cryptocurrencies: trends, risks, measures," was presented during an online press conference with Elizaveta Danilova, the director of the Bank of Russia's Financial Stability Department. The report says cryptocurrencies are volatile and widely used in illegal activities such as fraud. By offering an outlet for people to take their money out of the national economy, they risk undermining it and making the regulator's job of maintaining optimal monetary policies harder, the report says. The bank, therefore, suggest Russia needs new laws and regulations that effectively ban any crypto-related activities in the country. In particular, cryptocurrency issuance and organization of its circulation in Russia must be banned. The ban should apply to exchanges, over-the-counter trading desks and peer-to-peer platforms.
More on CoinDesk• 2022-01-20
/ NFT marketplace OpenSea buys crypto wallet Dharma Labs, changes CTO
NFT marketplace OpenSea on Tuesday said it had bought Dharma Labs, a digital wallet for cryptocurrencies, for an undisclosed amount, and said Dharma's chief executive officer would become OpenSea's chief technology officer. OpenSea, which was founded in 2017 and was recently valued at $13.3 billion in its latest round of venture funding, said the deal would help it "dramatically improve the experience of buying, minting, and selling NFTs" on its marketplace. NFTs, or non-fungible tokens, are a type of digital asset which exist on the record-keeping technology blockchain. They have exploded in popularity over the last year, with people buying artworks and video highlights from sports games as NFTs.
More on Reuters• 2022-01-18
/ Crypto.com Suffers Hack for At Least $15M in Ethereum
Cryptocurrency exchange Crypto.com has reportedly fallen victim to a hack, with at least $15 million worth of Ethereum stolen. Despite reports of missing funds, the platform has yet to confirm that it has indeed been attacked. With almost $3 billion in trading volume in the last 24 hours, Crypto.com is the industry’s fourth-largest centralized crypto exchange, according to CoinGecko.
More on Decrypt• 2022-01-18
#Bitcoin
The next halving will happen at block: 840,000
This means that 119,206 blocks are left and it will approximately happen in..
736 days or
17,672 hours or
1,060,302 minutes!
What is it all about?
Halving is an anti-inflation mechanism implemented, in the Bitcoin network. As the name suggests a reduction in the supply of new coins is cut by half (50%).
This causes BTC inflation to fall cyclically.
It takes place whenever 210,000 blocks have been mined which is roughly around once every 4 years.
Current mining rewards are 6.25 bitcoins.
Bitcoin: A Peer-to-Peer Electronic Cash System