Coinbase added vaults for Litecoin and Ethereum

Now Litecoin and Ethereum holders can use Coinbase vaults for long-term storage
25 September 2017   1891

The provider of the popular crypto currency wallet Coinbase announced the addition of vaults for the long-term storage of Ethereum and Litecoin. This is stated in the company's blog.

Adding this option will give users additional layers of security when withdrawing funds, such as a 48-hour delay, mandatory confirmation by mail or phone, and the possibility of confirmation by several users.

Coinbase
Coinbase

A similar vault for bitcoin appeared on Coinbase in 2014. Now the holders Ethereum and Litecoin, in the same way as in the case of bitcoin, in addition to the standard account can open an account for long-term storage of coins.

Our goal was to help eliminate the false idea that Bitcoin owners had to choose between security or convenience when it came to storage. Coinbase vaults gave customers the best of both worlds by providing a standard account for easy access and a vault for long-term storage.
 

Jesse Pollak
Coinbase Team

Chinese Miners to Fall Victims of Ransomware

Looks like ransomware came together with "improved" firmware, that should "overclock" device
21 January 2019   79

In China, a ransomware spreads, victims of which are Bitcoin miners. The damage from its activities is measured in tens of thousands of dollars. This is reported by Trustnodes.

The virus infects miners, released by Bitmain, and requires you to send 10 bitcoins, otherwise threatening to cause overheating of the device.

The problem is solved by formatting the SD card of the infected device, however, as Trustnodes notes, the whole process can take up to four days, while malicious software rapidly spreads to the other miners.

Compromised device
Compromised device

Probably, the virus comes with an "improved" firmware for miners. Some owners install such firmware to “overclock” their ASIC devices and improve their performance.

The first messages about the virus refer to August last year. In particular, Antminer S9, T9 and even L3 + for Litecoin were attacked. Over time, the malware has been improved. Now its distributor himself can decide when to display a message requesting a ransom. One miner also said that one night the address to which the 4,000 devices belonging to him sent the mined cryptocurrency was changed to the address of the hacker, which brought him $ 8,000.