Cryptocurrency broker LiteBit hacked

The LiteBit.eu crypto-exchange platform reports on being under a hacker attack
11 August

LiteBit.eu, a European cryptocurrency broker, recently warned its users about suspicious activities on its servers.

Thus, someone unknown has successfully accessed the company's data. Luckily, it appears that none of the ID verification documents have been leaked so far. 

The attack took place on August 5th. As the company reports, the customers' funds and their personal data are safe, but the hacker(s) had successfully obtained some server data.

The LiteBite.ey team claims that they were able to identify the source of the data breach. The company has confirmed that the leak has been plugged, although they have not gone into specific details for the time being. 

It is unclear whether the hackers obtained any data, but it is always better to err on the side of caution with this sort of thing, that's why any LiteBit user who has enabled two-factor authentication on their account will be required to re-enable it and change their password. Users who do not have this feature should certainly update their account passwords. 

Intel to Apply Blockchain Mining to Genetic Sequencing

Intel intends to utilize the energy expended during cryptocurrency mining for the sequencing of genetic data
15 December

Yesterday the U.S. Patent released a patent application called "Blockchain System with Nucleobase Sequencing as Proof of Work". In the application Intel’s inventors describe a type of computer called a sequence mining platform (SMP) which would identify the order or nucleobases in a deoxyribonucleic acid (DNA) or ribonucleic acid (RNA).

Nucleobases are the molecules that make up DNA and RNA, which contain the genetic information within every living organism on the planet. The order of these bases determines what physical traits a person, plant or animal features.

The patent application states that the SMP would use a nucleobase sequencing unit to actually establish the order of nucleobases in a given sample, which would then be verified by the blockchain before being permanently recorded on it.

The POW algorithm will be used to both identify the sequence and subsequently verify it, according to the application, and the sequence recorded on one block would be used as a base for the POW problems in the next block.