Atlanta's computer network infected with Bitcoin ransomware

Hackers breached the governmental computer network in Atlanta to infect with ransomware and demand payment in Bitcoin
23 March 2018   362

Cryptocurrency ransomware of different flavors has been around practically as long as cryptocurrencies themselves. And now the city of Atlanta, US has come under the attack.

The governmental computer system has been infected by the ransomware virus early in Thursday, and this has caused a massive disruption in several departments. In particular the bill payments and court information services has been affected. Later in the morning several city employees found a ransom letter on their computers with demands for $51,000 in Bitcoin.

In the afternoon of the same day officials held a press-conference, but were unable to provide any particular information about the attack since the investigation was just commenced and in the early stages. The question whether or not they were going to pay the ransom were also left unanswered.

Atlanta is one the major economics hubs in the Southern US with several large international companies and the world's busiest airport located in the city. Apparently, the city officials have no qualms about going for all the available help in such a high-resonance case, hence the US Department of Homeland Security, the FBI and even the Secret Service authorities are now on the ground.

Of course, there is little chance of systems being unlocked even if the ransom is paid, the security experts say. So, the city is probably in for a long road to full recovery of its computer facilities. The officials have even started making plans in preparation for long and tedious recovery process.

Nakasendo SDK launched by Nchain for Bitcoin Cash Growth

Blockchain company Nchain has released its 1.0 version of Nakasendo software development kit (SDK) to support BCH
24 April 2018   89

Nchain underlines that the Nakasendo SDK is accessible for software programmers focusing their energy and resources relatively to bitcoin cash application and platform development.

Version 1.0 of the SDK focuses on providing a cryptographic library, to allow for a more flexible method of key generation and sharing. This cryptographic library can be used to improve security for any cryptocurrency exchange, and more broadly for controlling access to any type of digital asset or resource.
 Nchain Group, Blockchain Technologies Research and Development Company

 

Nchain points out that the Nakasendo SDK will assist Nchain port software libraries that will help programmers in designing bitcoin cash apps. The SDK designed by Nchain is to navigate the complexities of blockchain growth, and strengthen work. The London firm declares that the SDK includes two patents from the company’s intellectual property portfolio.

Although the SDK libraries will be useful for developers on any blockchain or digital platform, we want to use key elements of nChain’s patent portfolio to help benefit the Bitcoin Cash ecosystem. That is why we are providing the SDK for free usage only for applications and products that operate on the Bitcoin Cash (BCH) blockchain. The SDK is one of many tools Nchain will use to ignite the BCH blockchain, and help re-invent the business world.
Jimmy Nguyen, Nchain Group, CEO

Currently, the 1.0 version of Nakasendo is only available to a determinate group of developers and teams that have been appointed in an initial testing pool. Nchain claims that the Nakasendo SDK will be made more accessible at a later date.