Websites caught using visitor’s browsers to mine cryptocurrency

Coinhive - mining cryptocurrency

The ongoing collapse in online advertising revenue is leading some websites to come up with novel, and underhanded, ways to make some money. Some sites, such as Showtime’es streaming site Showtime Anytime and BitTorrent search engine The Pirate Bay, have been found to be using processing power from visitor’s browsers in order to mine the cryptocurrency Monero. According to The Register, the Javascript inserted into the sites used up to 60% of the user’s CPU capacity. The...

$7 million stolen in CoinDash ICO hack

CoinDash - ICO hack

An ICO for blockchain technology startup CoinDash was shut down after it was revealed that the company had been hacked. The hack has resulted in the theft of $7 million worth of ether from investors trying to take part in the offering. Investors had been told to use ethereum to pay and send funds to the ICO’s smart contact address. CoinDash said that the evidence points towards the sending address being hacked and being changed to a fraudulent address. The company has said that any...

Don Tapscott: On why the IoT needs a ‘ledger of things’

At a talk in London last month, Don Tapscott, author of Blockchain Revolution, widely regarded as the bible of blockchain, compared the technology to a Chicken McNugget (other fast food products are available). How does this work? “Think of it as a highly processed thing,” Tapscott told the audience. “To hack that Chicken McNugget and turn it back into a chicken would be really hard to do. At some point, somebody’s going to be able to do that, but for the foreseeable future, this is...

Routing attacks a threat to Bitcoin’s security

A joint project by ETH Zurich and Aviv Zohar of the Hebrew University in Israel has shown how the crypt-currency can be attacked via the internet’s routing structure. The purpose of the research is to inform Bitcoin users and miners as well as to start a discussion on how the security of the ecosystem can be increased. The two kinds of attack studied were internet routing attacks (such as BGP hijacks) and malicious Internet Service Providers (ISP). Let’s look at these two kinds of...

IBM and Mahindra aim to reinvent supply chain finance through new blockchain solution

A new blockchain solution has been developed by IBM and India-based Mahindra Group that is capable of reinventing supply chain finance across the country by enhancing security, transparency and operational processes, the companies claim. The cloud-based application, which is one of the first projects of its kind in India, is designed to transform the supplier-to-manufacturer trade financial transactions through a permissioned distributed ledger. The application will allow all parties...

Gospel Technology announces proof of concept availability for enterprise trust fabric

Gospel Technology has announced that it has developed a proof of concept for its Enterprise Trust Fabric, which is built using the Linux Hyperledger blockchain platform. The company argues its Enterprise Trust Fabric has improved the blockchain technology to make it stable and scalable – naturally important requirements for large enterprises – while the technology will also help organisations protect against data breaches. Features include record immutability, cryptographic provenance...

FINRA argues blockchain has potential to disrupt securities – and asks for comments in report

The Financial Industry Regulatory Authority (FINRA) has released a report assessing the impact of blockchain technologies in the securities industry – and after weighing up the pros and cons argues there could be greater efficiencies as well as ‘novel risks’ around data security and privacy. The report, which uses the term distributed ledger technology (DLT) throughout, is aimed by the regulatory body to be an ‘initial contribution to an ongoing dialogue’, and leaves the door open...