Crypto Payroll Service Bitwage to Lunch ICO Advisory Firm

Bitwage, started in 2011 as a Bitcoin payroll and payment service, has now established an ICO advisory firm Inwage after recognizing the importance of ICOs
31 May 2018   1019

The firm is going to suggest technical services and marketing services such as smart contract development and auditing and website creation as well as PR and event marketing. It overcame the initial fundraising target of the first customer, Moria Token, by 40%, raising $50 million in the ICO for the project that is aimed to provide an investment platform for the mining of precious metals as well as aiding with IT and security compliance.

While ICOs provide a unique opportunity for companies to raise money from a wide range of individuals and entities around the globe, it is often seen as a complex, expensive and risky process. Having launched Bitwage back in 2014, Inwage leverages our experience in Blockchain to build a highly secure turnkey solution for companies of all sizes to launch ICOs.
Crytpo Payroll Company (in their blogpost)

Bitwage ran a second service together with the Inwage company called Ether Inputs, citing the inability of definite companies running ICOs to obtain bank account for paying the workers. The firm suggests bitcoin and now ethereum as payroll funding options, with employees being able to select to gain a part of the wage in local currency as well through Bitwage and Ether Inputs.

Aragon and Status are 2 startups that have already been applying the service since the start of 2018 following the soft launch in January. So, the field of ICOs and crpyto regulation can be difficult for startup firms, and the Inwage is the latest in a series of new advisory companies standing by to guide new projects. 

Ryuk Ransomware Team to Get 705 BTC

CrowdStrike and McAfee believes the program was created and supported by Russians
15 January 2019   97

In less than six months, hackers got 705 bitcoins through Ryuk ransomware, reports The Block.

Until recently, the group of hackers GRIM SPIDER behind Ryuk was supposed to be operating from North Korea. However, according to the companies CrowdStrike and McAfee, the program was created and supported by Russian hackers.

Ryuk is distributed via email-phishing, where the TrickBot Trojan is involved. The main objectives of the ransomware program are large companies and government organizations. Ryuk blocks the victims' hard drives until they pay the ransom. The amount of the latter often depends on the size and significance of the organization.

The program is "famous" for the impressive amounts of required buybacks:

To date, the lowest observed ransom was for 1.7 BTC and the highest was for 99 BTC. With 52 known transactions spread across 37 BTC addresses (as of this writing), GRIM SPIDER has made 705.80 BTC, which has a current value of $3.7 million. With the recent decline in BTC to USD value, it is likely GRIM SPIDER has netted more.


705 bitcoins at the current exchange rate is about $ 2.6 million.