Russian media website hackers extortion for bitcoin to pay the ransom

Russian media website hackers extortion for bitcoin to pay the ransom

According to foreign media reports, recently several influential Russian media have password virus attacks, including: IAInterfax, Fontanka news agency.

The Russian local time on October 24th, the Russian media “IAInterfax” has been hacked, the organization has already stopped all related work, according to the IAInterfax staff said the site suffered from a man named BadRabbit (angry rabbit) hacker attacks.

According to Russian media reports, each BadRabbit attack computer need to pay 0.05 coins for ransom, you can pay via TOR browser to the.Onion website, if the account has not received the ransom, was infected with the virus in the computer information will be destroyed.

IAInterfax security departments trying to shut down its infected infrastructure, this work is crucial for editing IAInterfax. But the virus is not all of the work process, IAInterfax company also, hackers will be selected according to what standard object of attack, is not clear.

At present, in addition to IAInterfax, have been encrypted virus attacks, Fontanka news agency also received from the BadRabbit attack, the attack site has been stopped.

The South Korean government auction 216 bitcoin bitcoin economic value was first approved by the state

The South Korean government auction 216 bitcoin bitcoin economic value was first approved by the state

According to local media reports in South Korea, the South Korean government will be the first public auction confiscated from criminal cases in bitcoin. This shows that bitcoin economic value will be recognized by the country for the first time.

According to local media reported on Wednesday, South Korea’s Asset Management Co (KoreaAssetManagementCorporation, KAMCO) has decided to auction in April this year seized 216 bitcoins. KAMCO is a South Korean State-owned Assets Management Corporation. The management of state-owned assets, impose fines, and the purchase of financial institutions and solve non-performing loans.

Since the confiscation of bitcoin, the organization has been considering how to deal with bitcoin, because there is no precedent. On Wednesday, MSNKorea media quoted an official KAMCO (roughly translated):

This is bitcoin auction held for the first time, but seems to have changed the price of the stock is similar.

In April this year, the Nanjing provincial police department’s operators from a jurisprudence site confiscated 216 bitcoins, this is the first domestic survey of bitcoin as a crime of profit.

Then, bitcoin prices have more than doubled. As of press time, according to the Korbit in Korea bitcoin exchange price, the value of bitcoin has increased from 260 million won to 673 million won.

Recognition of the economic value of bitcoin

“Seoul Economic Daily” reported, according to South Korea’s criminal procedure law, when the court from the investigation authority to confiscate these bitcoins, they become the property of the state. Asset valuation and auction will be, and will return to the Ministry of finance. An official said the prosecution:

If the bitcoin assets is confiscated by the prosecution or the state agency police agencies, the state ownership of these assets. These assets will be able to publish in the website of Asset Management Co on sale.”

The bitcoin auction commission is estimated to be about 20 million won, accounting for 3% of revenue. It will be deducted from the balance, the rest of the transfer to the Ministry of finance.

“In addition to the legal currency, real estate and stock is prescribed by the president, so it can be sold by presidential decree.” South Korea’s Asset Management Co explained. Bitcoin is not included in the auction, so can handle.”

According to Seoul’s “Economic Daily” report, the representative pointed out that “once the prosecution into bitcoin auction, whether should admit that bitcoin social controversy has actually ended.” Local media said:

“With the auction process, investigators domestic and public institutions will be the first official recognition of the economic value of bitcoin.”

CFTC members support Winklevoss brothers to establish cryptocurrency self-regulatory organization

nOutburst Comments: CFTC Commissioner Brian Quintenz said at a blockchain summit last week that the cryptocurrency industry needed self-regulatory organizations, so he was very supportive of the Winklevoss brothers’ plan to establish such an organization. According to Winklevoss brothers, the organization will provide a regulatory program for the virtual goods industry, which will help increase market integrity and promote its maturity. They are actively preparing to contact the relevant authorities to implement the plan.n
nTranslation: Inan
The plan to establish a cryptocurrency self-regulatory organization (SRO) by the Winklevoss brothers of the Gemini founder has been supported by a key government advocate.n
CFTC member Brian Quintenz has been advocating the creation of a cryptocurrency SRO, and he called for this when he spoke at the D.C. Blockchain Summit last week.n
In a statement issued on Tuesday, he praised the “deliberate approach” of the Winklevoss brothers and stated that:n
n“The virtual goods SRO is the most unconstrained member with the most diverse views and the most powerful ability to discover, expose and punish misconduct. It will ultimately maximize the integrity of these markets. I encourage Twin Trusts (or any Other market participants, advocacy organizations, platforms, or companies actively promote these advantages within any SRO framework.”n
nGemini Trust stated in its new blog that the “Virtual Commodities Association” they want to establish will serve as a non-profit independent organization managed by the board of directors. It will not provide regulatory programs for securities tokens or securities token platforms, nor will it operate as a trade organization. The Winklevoss brothers write that some parts of the organization will imitate the National Futures Association, a SRO that focuses on the derivatives industry.n
They wrote:n
n“We believe that adding an additional regulatory layer to the virtual goods spot market in a self-disciplined format is very important to protect consumers and ensure the integrity of these markets.”n
nIn addition to “other trading facilities that are Gemini’s trust counterparties,” “virtual goods platforms” and over-the-counter (OTC) trading companies can also become members of the organization.n
The Winklevoss brothers concluded: “We believe that a well-conceived SRO framework can provide a virtual goods oversight program for the virtual goods industry. This should be the next step in the maturation of this market. We look forward to the industry leaders involved in the proposal, oversight and supervision. Institutions and legislative bodies come into contact.”n

Japanese politicians interested in the growing field of bitcoin

Japanese politicians interested in the growing field of bitcoin


At least two Japanese lawmakers bitcoin has great interest in bitcoin enthusiasts gathering and discussion, one of them is Mineyuki Fukuda. He often meet understand bitcoin and domestic currency and friends, and met a California electronic currency trading platform team. Fukuda bitcoin interest thanks to Keiichi Hida, he founded the “Rising Bitcoin Japan” organization in Japan bitcoin development activist.

Politicians interest does not mean that the government’s support. Japanese officials take the attitude of nonintervention, now also no capital gains tax. This kind of uncertain policy to let some bitcoin owners worry. From the existing tax law, as long as the investment income tax law applicable. The consumption tax to bitcoin payment to do a more precise definition.

Have a great negative impact on Japan’s Mt. Gox event bitcoin development, but most bitcoin enthusiasts have already regain confidence. The mainstream media bitcoin drug crimes related to pay more attention to the. The latest issue of the Nikkei weekly bitcoin as a cover and with a large space coverage, basically positive comments.

British financial regulators build block chain applications on the R3 Corda platform

nnn(FCA) issued its joint Royal Bank of Scotland (RBS) and another unlisted banking institution jointly developed using the Corda distributed class book platform of the Chain Chain Alliance R3, which was developed by the Financial Market Conduct Authority (FCA) New application prototype. According to its disclosure, regulators can use this application to view real-time updates and create a receipt for the mortgage transactions they perform.n
nnTranslation: Clovern
nThe UK’s top market regulators have developed a new application using the Corda Distributed Classbook platform, a chain-chain alliance R3.n
nThe prototype was released today, with the focus on reporting mortgage transactions. It was revealed that the prototype was co-built by the Financial Services Authority (FCA), the Royal Bank of Scotland (RBS) and another unlisted banking institution. The application enables the regulator to view real-time updates and create a receipt for the mortgage transactions it performs.n
nIt would not be surprising that FCA was interested in this technology that could strengthen regulation. To date, FCA has incorporated many start-ups into its “regulatory sandbox”, allowing it to test financial products and services in a limited environment.n
nLast year, FC Wood strategy director Chris Woodward said that the block chain is one of the technologies that the agency is considering possible applications.n
nAt that time he said:n
nn”[This area] is to let us know how best to support the development, and may use some regulatory opportunities for their own technology solutions.n
nnIn fact, FCA has publicly stated that it wants to provide some breathing space for start-ups (including block chains) that are engaged in financial technology. In April, the agency announced that it considered (at least for now) that there was no need to adjust the rules for this technology.n

CIOs seek block chain technology help

nnnRampage commentary: The application of block chain technology is far more than the digital currency. Today, executives in many industries are aware of this, have begun to pay attention to the technology and hope to promote the development of related applications. This paper promotes the role of block chains, pointing out that it can be applied in many areas. While there are many difficulties in implementing this technology now, it is useful for companies to be prepared to respond to change in the light of their potential for the future, to understand it and get relevant experience as early as possible.n
nnTranslated by: Inan
nCIOs are keenly aware of the complexity of managing digital transactions. As data, goods and money are transferred across the organization and supply chains, it is increasingly challenging to verify whether the transaction is real.n
nIn many cases, traditional auditing methods lack the visibility and security required by the organization. “This approach is highly labor intensive and often inefficient,” said A. Michael Smith, a partner at PricewaterhouseCoopers, a consulting firm.n
nThen we come to understand the next block chain. This is a distributed book system created by Bitcoin, relying on sophisticated encryption methods to ensure that the transaction is true and reliable. In addition, it is possible to improve the traceability and security of transactions by enabling many computers to share books and to allow participants to easily validate and audit blocks.n
nAs Arushi Srivastava, senior director of NTT Data Services, said:n
nn”The security of the block chain of books can provide far more than virtual currency transactions.”n
nnBlock chain in the business world is a rising star. According to market research firm Decision Databases, the market value of the global technology market will rise from $ 686.6 million in 2016 to $ 5.7 billion in 2023 and its compound growth rate (CAGR) of 42.3%.n
nIt is also important that the block chain is not just a tool for financial services and transactions. It will enter other areas such as health care, retail, manufacturing, gems, agriculture and government.n
nConsulting firm Ernst u0026 Young’s global innovation chain chain leader Paul Brody said:n
nn”Most companies are now creating private chains, but we are only in the first stage, and our private chains will exist in the public network with common infrastructure, all protected by encryption.”n
nThe block chain gets attentionn
nThe block chain technology is indifferent to the stupid behavior. It can save costs, improve security, and even promote innovation. In recent months, a large number of companies have adopted this technology.n
nFor example, in China, Alibaba is now working with the government to protect medical data through block chains. In the United States, Wal-Mart has recently formed a coalition with food giants such as Dole, Nestlé, Unilever and Taste, and other companies to track food and other items through the supply chain. The move will make it easier to track foodborne diseases and recall situations in complex supply chains involving farmers, brokers, distributors, processors, regulators, retailers and consumers.n
nIn fact, the block chain use case is almost infinite. While banks and financial institutions are early adopters, the technology is designed to manage prudent internal processes, but the technology can be used in almost all areas, from complex peer-to-peer trading systems to tracking the lack of documentation.n
nSmith said that the United Nations is considering this approach. Government entities may also use block chains to verify that public assistance funds are on the right track and that fraud will not occur. This method has been shaped in the UK.n
nAccording to Srivastava of NTT Data Services, many organizations have begun to try to use block chains and are conducting proof of concept validation. They may be interested in tracking physical goods through the supply chain, managing digital assets and transfers, protecting electronic records and data, establishing better contract management frameworks or improving compliance.n
nShe pointed out:n
nn”By focusing on these use cases, the technology will streamline business processes, ensure transparency by providing transparency, and improve efficiency by eliminating brokers and intermediaries.”n
nnHowever, it may be difficult to carry out the block chain plan. Smith said one of the biggest problems is that there is no standard now. “Almost every company has its own way to implement the chain of chains, and it will derive more ways.” This makes it more difficult to implement this technology across organizations, and for companies involved in large-scale block chain planning Bring some risk. This also makes regulation a challenge.n
nSrivastava adds that there are other hurdles, including the scalability of non-encrypted currency blocks, industry organizations have different goals, software vulnerabilities, investment costs, and finding the right technology and talent to put the block chain into use in a meaningful way Then
nUse block chains at workn
nIt is important to develop a block chain strategy. Srivastava believes that this technology will subvert the enterprise and the industry as a whole, and early adopters will gain a competitive advantage. She recommends trial systems such as Bitcoin and Bank of Thailand, and focuses on localized applications such as audit support and asset tracking books.n
nshe says:n
nn”Business-driven investment, which means to assess business use cases, consider whether the block chain is the right solution. Block chain is like any kind of new technology.People can show several use cases, but only a few can achieve investment Return, increase business value. “n
nnThis requires the development of internal talent and investment in block-chain education and training, thinking about how to develop and use it to gain the greatest advantage. This means looking for a partner or joining a trade union. Smith said that for many organizations, the need to focus on its legal, auditing, risk and compliance (LARC) issues when building block-chain tools or solutions.n
nHe explained:n
nn”People in these areas need to participate in the program as early as possible, and their input will determine the feasibility of the project they want to do, and it is important to understand the costs, risks and rewards before making a lot of money.”n
nnSmith added that there are two main ways to use a block chain: get permission and have no permission. Most of the projects currently underway in the chain area are the former and need to be registered. He said:n
nn”The projects in the ecosystem are subject to very strict control, supervision and definition.”n
nnThe latter includes true distributed books, such as Bitcoin, which have a wide range of services, with little or no restrictions on participation. In his view, the licensing chain is a wise choice for many organizations and situations.n
nSmith said:n
nn”Organizations can save billions of dollars by moving the system to the block chain and may not involve real distributed books or anyone outside of the organization. Now our goal is to gain some block chain experience, Place yourself in a strategic position so that it can respond appropriately when the technology is progressing in large scale. “n
nn”The block chain will be a major change technology, and it is moving from the hype stage to the actual corporate vision and discussion,” said Srivastava, an NTT data services company.n

The British police organization wants to change the law to facilitate the seizure of Bitcoin

nnnThe N8 Policing Research Partnership (N8 Policing Research Partnership) recently released a report on encrypted currency, pointing out that British law enforcement agencies have faced difficulties in the face of illegal use of digital money such as Bitcoin. In order to solve this problem, it is necessary to carry out relevant education for the British police, and it is advisable to carry out legislative amendments to facilitate the seizure of the bit currency used by the lawless elements in accordance with the law.n
nnTranslated by: Inan
nA research organization supported by a number of UK law enforcement agencies suggested that national law be amended to make it easier to seize Bitcoin.n
nThe N8 Policing Research Partnership recently released a report outlining the encryption currency and its challenges for law enforcement agencies. However, according to the authors of the report, these challenges were mainly caused by the lack of systematic knowledge by British police officers.n
nThe report also outlines how to address this issue, recommending extensive training programs and extensive deployment of traceability software for investigators.n
nPerhaps the most noteworthy is that the investigation team hopes that the UK Home Office, which oversees British law enforcement agencies, can consider classifying the bit currency as a cash so that the police can more easily seize the bit currency during the investigation Then
nThe report states:n
nn”We propose to the Ministry of the Interior legislative amendments to classify the currency as cash in order to seize it legally.”n
nnN8’s website includes 11 North American and its surrounding police organizations, which indicate how the police have been in accordance with the Police and Criminal Evidence Act and the Crime Recovery Act Proceeds of Crime Act).n
nIt remains to be seen whether the Ministry of the Interior will accept this proposal. However, the department has begun to investigate the block chain technology. It launched a wide range of research work in 2015, calling for the creation of a government-backed new encrypted currency.n

WikiLeaks began to accept Zcash donations

nnnWobble commentary: constantly broke the news of the major events of the non-profit media organization WikiLeaks announced that in the Bitcoin and Leite after the donation, will receive the currency zcash donations. This is the third kind of encrypted currency accepted by the institution, and the encrypted money donation is going well. At the same time the agency said it will also develop other uses of block chain technology.n
nnTranslation: Annie_Xun
nNon-for-profit media organization Wikileaks announced the start of a privacy-protected zcash donation.n
nThis information sharing site revealed in Twitter, will use this new payment option. The news also makes zcash become the third currency after the second currency and Leigh coins, WikiLeaks donations accepted.n
nEarlier this month, Zcash conducted a poll in Twitter, which joined the Zcash donation option. The options listed in the poll include monero, zcash and zaibo, zcash occupies 11% of the total 12,204 votes, Monroe is 21%, and Taibong holds 45%. 23% choose “other”.n
nAnnounced the Iraq war, the Democratic presidential candidate Hillary’s mail and other information, and thus the notorious WikiLeaks in 2011 began to accept Bitcoin.n
nSubsequent currency such as Bitcoin became the popular donation mechanism in the institution. As of the deadline, WikiLeaks’s bitcover wallet has received more than 26,000 deals.n
nThe agency and its founder Julian Assange also apply the technology to other uses.n
nIn January’s Reddit’s Ask Me Anything, A Sangqi (who lived in Ecuador’s Embassy in London in 2012) used the data of the Bitcoin chain as a “statement of evidence” mechanism to effectively close the rumors that he had died Then

Use the block chain to govern the Niger Delta

nnnIn the United States nonprofit Sustainability International has been working to help African countries out of poverty, and its founders propose new ways to block chains in order to manage oil pollution in Ogononil. Because the local governance has been hampered by deep-rooted social reasons, and the characteristics of the block chain is conducive to solving these problems. This concept echoes the current initiative of the global community of social organizations to actively use the block chain, which is worthy of further study.n
nnTranslated by: Inan
nIn the southeastern part of Nigeria, the area on the coast of the Gulf of Guinea called Ogoniland is one of the most polluted areas in the world. Shell and other companies have been working in the Niger Delta for more than half a century of oil drilling to keep the creek, marshes, fisheries and mangroves in the region covered with dark crude. According to a 2011 report by the United Nations, despite some cleanup, some areas of the region have been polluted for 40 years after the oil spill.n
nEnvironmental damage is a pervasive problem in the area of ​​1,000 square kilometers of Ogononi, which is equivalent to about one-third of the total area of ​​about 390 square miles or Rhode Island. This situation destroyed the livelihood of the farmers and fishermen in the surrounding villages, and the unemployed young people, who had a long history, began to undermine the pipeline and cause other disasters. Damage to the pipeline will lead to more oil spills, and political corruption and local distrust of the outside world further impede aid.n
nChinyere Nnadi, founder and chief executive officer of Sustainability International, a US nonprofit organization that aims to reduce poverty in Africa, says it is his wish to govern the environment in the Niger Delta and solve the economic hardship of local villagers. His family came from Nigeria, he remembered the holidays in the local village – no electricity, no way to shop, armed robbers and destroyed crops. Nnadi realized that to achieve any real progress, we must first fight corruption and build trust, as other groups have tried to control local oil pollution in a variety of ways.n
nNnadi said in an interview with “Wharton Knowledge Online”n
nn”I am very concerned about this issue because it is related to the history of my family, which seems to be just as simple as solving an environmental problem from an external point of view, but at the social level, you will find that the root of the problem lies in institutional corruption and the actual community “Napi said he realized that to solve the problem,” we must take a new way of doing things, “he said.n
nnn”What we want to do is to improve the enthusiasm of the local people so that they have new skills or new tools to support their communities.”n
n- Chinyere Nnadin
nFight against corruptionn
nNnadi said the new way is the block chain. This is a decentralized virtual book, the above records are validated, can not be changed, and open to the public – if everyone is staring at the books, who do what natural at a glance. To this end, his nonprofit organization is working with the “Blockchain for Social Impact Coalition (BSIC).” BSIC last month by the block chain technology software company ConsenSys launched. Ben Siegel, ConsensSys’ influence policy manager,n
nn”Block chains are important because people do not need to trust each other and just trust the tools.”n
nnAccording to a report in May 2017, hundreds of block-based chain-based solutions track numerous events: whether voters, raw material acquisitions are ethical, and whether a bottle of champagne really comes from French champagne. But the report also pointed out some of the shortcomings of the technology. For example, while public records can be placed on a chain chain, sensitive financial records can cause problems. It is now hard to match people with records, but future decryption techniques will make it easier. The report says:n
nn”Some sensitive information should not be stored in distributed books.”n
nnHowever, for Nnadi, its goal is to address Nigeria’s accountability and corruption.

Financial Times: to keep up with the trend, the hotel industry to set up chain chain technical task group

nnnnIn the United States, Texas, the global non-profit organization, “hotel finance and technology experts organization” HFTP is the international hotel industry, one of the three authoritative organizations. Recently HFTP announced the establishment of a block chain technology task group, ready to meet the technology impact on the hotel industry. Because the block chain technology will have a significant impact on the future of the global economy.n
nnTranslation: Annie_Xun
nHeadquartered in the United States, Texas, the global nonprofit organization “hotel financial and technology experts organization” (HFTP, Hospitality Financial and Technology Professionals) announced the establishment of the block chain technology task force, ready to meet the technology impact on the hotel industry.n
nThe official press release shows that the head of the mission is Lyle Worthington, chief information officer, computer engineer and global president of HFTP.n
nHFGG CEO Frank Wolfe said,n
nn”Forecasts show that block-chain technology will have a significant impact on the future of the global economy. As a nonprofit financial and technology consultancy in the sector, we have to solve these problems before the block chain matures, first of all to set up a task force.”n
nnThis week, HFTP will organize the 45th HITEC Hotel Technology Exposition and Conference at the Metro Toronto Convention Center in Toronto, Canada, with an emphasis on education programs. This year, HFTP decided not to convene the three major HITEC meetings in the United States, but in Toronto, the Netherlands, Amsterdam and Dubai.n
nAlex Tapscott, author of the Blockcain Revolution: How the Technology Behind Bitcoin is Changing Money Business and the World, will also introduce the block chain technology.n
n(Demystifying Blockchain Technology) will be held, Andrew Sanders will explain how to use the block chain to actively solve the impact of hotel companies and visitors pain points.n