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Slow Start for Bitcoin Cash After August 1 Blockchain Split

Slow Start for Bitcoin Cash After August 1 Blockchain Split

Reports last Wednesday revealed that it took almost 6 hours to mine the first batch of Bitcoin Cash following the recent forking to create the blockchain split. This spells a notably slow start for the new cryptocurrency, which is said to have very few miners contributing to its mining operation.   According to the managing director of trading site eToro, the Bitcoin Cash’s sluggish progress is likely due to the low number of miners supporting the new currency. However, Bitcoin Cash blockchain co-founder Jeff Garzik assured traders that less computing power will eventually be needed to mine new blocks, which […]

Apple Shares Soar After Exceeding Quarterly Estimates

Apple Shares Soar After Exceeding Quarterly Estimates

Apple reached its highest trading shares on Wednesday’s opening, rising at 6.42% to around $159.69 in Q3. After decreasing sales running for 13 quarters, the tech giant finally reversed the trend, with the  notable surge in earnings attributed to booming MAC and iPad product sales, with 14% more iPads successfully sold this year. Wall Street predicted the tech giant would only sell $1.57 per share with a total revenue of $44.95 billion. However, results overcame analysts’ expectations when the Apple obtained a revenue of $45.4 billion at $1.67 per share. Following this development, investors are said to anticipate when the […]

UK Home Secretary Says Encryption is Problematic, Militant Content Should Be Banned

UK Home Secretary Says Encryption is Problematic, Militant Content Should Be Banned

In a report last Tuesday, UK Home Secretary Amber Rudd stated that use of encrypted messaging had become problematic in the wake of recent terror attacks. Rudd informed major tech companies like Facebook, Google, and Microsoft during the first Global Internet Forum to Counter Terrorism in San Francisco that militant content must not be uploaded online in any way. This entails blocking suspicious extremist content before it’s sent. She also explains that encryption is an issue for authorities because they cannot access implicating information without warrants. She said companies must also voluntarily give messages’ metadata to authorities. However, privacy rights […]

Expert Warns IoT-based Servers Without Encrypted Passwords Can Be Disastrous

Expert Warns IoT-based Servers Without Encrypted Passwords Can Be Disastrous

Last Monday, a report detailed how IOActive senior security expert Lucas Lundgren could easily open prison locks and modify pacemakers by exploiting MQTT protocols in IoT-based servers that are not secured with encrypted passwords. MQTT is a common messaging function in online IoT-based smart devices and sensors that use low bandwidth to communicate. It is found in online equipment such as industrial systems, electronic billboards, gauges, prison cell locks, and even medical devices. Lundgren said exposure to threats increase because many IoT servers lack the proper commands like encrypted usernames or passwords to stop attackers. According to his port scans, […]

U.S. House Committee Chair Tests Tech Firms Support for Net Neutrality Agreement

U.S. House Committee Chair Tests Tech Firms Support for Net Neutrality Agreement

According to news last Monday, top House committee Chairman Greg Walden invited eight technology firms to help create a widespread alliance of support that will help legislate a compromise for the net neutrality bill. The message was sent via email by Robin Colwell, the House Energy and Commerce Committee (HECC) lawyer, addressing silicon valley companies such as Google, Facebook, Netflix, and Amazon, to name a few. Walden also sent invitations to the firms CEOs to testify in front of the committee, even extending their deadlines to give the conversation more time to develop. Among the tech CEOs who were expected […]

HBO Confirms Data Breach, Hackers Claim to Steal Game of Thrones Script

HBO Confirms Data Breach, Hackers Claim to Steal Game of Thrones Script

Last Monday, HBO announced that attackers breached into their system and compromised information. Amid the incident, a group of anonymous hackers claimed to steal various data, including a Game of Thrones script for a succeeding episode. According to Entertainment Weekly, the hackers that came forward gave more information about the hack to get publicity. In their message, they persuaded users to download and spread the leaked files. They also wanted an interview with the person who gets to spread the most leaked material. Other sources said Season Seven’s Episode 4 was hacked from the show, which is currently being aired. […]

New Trojan “Bateleur” Targets Restaurant Chains

New Trojan “Bateleur” Targets Restaurant Chains

Researchers have recently discovered a new malware called “Bateleur” that has been targeting restaurant chains equipped with Windows systems.   Named after a breed of eagle, the trojan comes as a Word document attachment attached to a phishing email sent from an Outlook address. The email includes a message about a previously discussed check, and claims that the attachment uses ‘Outlook Protect Service’ or ‘Google Documents Protect Service’  to lure the recipient into opening the file. When the attachment is opened, Bateleur runs a series of scheduled tasks to avoid detection. Researchers also say that it is a robust Jscript […]

Bitcoin Traders Experience Withdrawal Delays Following Foundation of Bitcoin Cash

Bitcoin Traders Experience Withdrawal Delays Following Foundation of Bitcoin Cash

In a report last Monday, traders who opted to transfer their Bitcoin from Coinbase to a user-activated hard fork (UAHF) for Bitcoin Cash are now having trouble waiting for more than 12 hours of delayed withdrawals. In the past few months, the Bitcoin network had been having an increasing number of service disruptions, including inconvenient blackouts. The congested network goes offline during peak trading hours with ill-functioning gateways. The down times and withdrawal delays are attributed to the Bitcoin Cash blockchain fork that will be launched today, August 1. Bitcoin Cash is said to credit traders with BHSC accounts. The […]

India Cyber Attack On Over 60,000 Routers Claimed by BrickerBot Developer

India Cyber Attack On Over 60,000 Routers Claimed by BrickerBot Developer

India — News last Monday revealed that the cyber attack that disconnected more than 60,000 routers in India was claimed by the developer of the BrickerBot malware. Users reported that the attack happened from July 25 to July 29 to routers issued by local ISPs, Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited (BSNL). The BrickerBot author came forward and spoke to Bleeping Computer reporters, revealing he orchestrated the downtime. The malware strain affects Linux IoT networking systems, which can be used to gather devices into botnets for DDoS attacks. Furthermore, he created the malware to call out […]

Snap Inc’s Share Deficit Reduces By the End of Lockup

Snap Inc’s Share Deficit Reduces By the End of Lockup

New York — Last Monday, a report said that Snap Inc (SNAP.N) has recovered some of its share losses in a recent trade. This occurred following a major share value slide as initial investors were able to sell after the lockup expired. Since the shares were valued at a total of $3.4 billion IPO, employees and initial investors can now sell Snap’s shares again on Monday July 31 until August 2017. According to Morningstar analyst Ali Mogharabi, some retail traders took advantage of the share’s low price, resulting in sufficient sales in recent months. Drexel Hamilton analyst Brian White suggested […]