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Pandemic Highlights Inefficient Systems: Blockchain Can Help

The Swiss-based non-profit blockchain industry association, the Global Blockchain Business Council (GBBC), believes that the crises resulting from the coronavirus pandemic have highlighted the benefits of distributed ledger technology (DLT).In email correspondence with Cryptox, a representative of the GBBC asserted that DLT can modernize and address the inefficiencies of the

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1000 Corporate Systems Infected With Monero Mining Malware

The Blue Mockingbird malware gang has infected more than 1000 business systems with Monero mining malware since December 2019.The global scale of the hacker group’s operations was revealed by cloud security firm Red Canary on May 26.The report outlined the group’s methodology. The malware attacks servers running ASP.NET applications and

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Blockchain Voting Systems Could Be the Future, but Current Flaws Persist

As shelter-in-place orders are extended throughout the United States due to the coronavirus pandemic, controversy around online voting systems has surfaced. The dangers of internet voting were recently publicly announced by the American Association for the Advancement of Science, or AAAS.On April 9, the AAAS Center for Scientific Evidence

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IT Exec at Kyiv Prosecutor’s Office Illegally Mined Crypto on Office Systems

In Kyiv, Ukraine, investigators have found another example of someone using the systems at their workplace for illicit cryptocurrency mining. The Kyiv Prosecutor’s Office official Facebook page announced on Feb. 26 that it concluded a pre-trial investigation against an unnamed individual in collaboration with the State Bureau of Investigation. The accused

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Crypto Exchange Binance Suspends Trading Over ‘Systems Messaging Error’

Binance, the world’s largest cryptocurrency exchange by trading volume, suspended trading on Wednesday, alerting users that the outage is due to “temporary system maintenance.” The exchange has suspended deposits, withdrawals, spot trading, margin trading, person-to-person trading, lending, redemption and asset transfers from sub-accounts, margin accounts, futures accounts and wallets that hold

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US Military Contractor BAE Systems Wants to Hire ‘Cryptocurrency Exploiters’

One of the world's largest defense contractors is seeking "cryptocurrency exploiters" to support a client based in Washington, D.C.Advertised on LinkedIn, the Virginia-based arm of BAE Systems is searching for candidates who can "demonstrate proficiency in cryptocurrency" and can move to the U.S. capital to "support a client’s operational requirements."Successful

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