Digital Power Lending to Launch Cryptocurrency ATM Network

Digital Power Lending plans to launch a network of cryptocurrency ATMs to allow for the purchase and sale of cryptocurrencies along with cash withdrawals
29 January 2018   190

DPW Holdings, Inc., a diversified holding company, announced today that its subsidiary, Digital Power Lending, LLC plans to launch a network of cryptocurrency ATMs to allow for the purchase and sale of cryptocurrencies along with cash withdrawals.

We are very pleased to announce our development of a network of cryptocurrency ATMs which will be initially located in Southern California. Our goal is to build a national brand and network with multiple cryptocurrencies readily available for consumers.

 

William Corbett

The CEO and Manager of Digital Power Lending

The first ATMs will be installed in 5 hospitality locations associated with DPW Holdings, Inc. The ATMs distributed and managed by Digital Power Lending will focus initially on Bitcoin, Bitcoin Cash, Ethereum and Litecoin with other cryptocurrencies to be included later.

The company also announced that Digital Power Lending is still awaiting the completion of the review of its pending application for a California Finance Lender License and it has undergone a series of standard and customary questions and all corrections have been minor and procedural.

Digital Power Lending noted that the anticipated distribution of the ATMs may be subject to regulatory review or approval.

Tesla's cloud account hacked to mine cryptocurrency

Independent security group discovered Tesla's cloud account being hacked and infected with a miner-virus
21 February 2018   23

Cryptocurrencies are on the rise and all sorts of shady characters are trying to get in with dubious methods. Recent string of hacking attacks is a perfect example. And now not only exchanges and users with their hard-earned coins are in danger, but also companies with large cloud infrastructure face the same threat.

RedLock, a security research firm, reports that electric car manufacturer Tesla's cloud account information has been leaked to the internet, which allowed hackers to access the company's cloud. It has been hacked and hardware infected with a miner virus called Stratum. The mining protocol masks itself with low CPU usage and obscuring the IP of the mining server.

Of course, RedLock immediately contacted Tesla with this information and the company quickly got to fixing the breach. Tesla's spokesperson assured us that customer personal information hasn't been compromised, and that the vulnerability was patched in a matter of hours. Only small test park of internally-used engineering sample cars has been impacted and no indication whatsoever discovered that actual customer cars have been compromised in any way.

It certanly looks possible, because according to the same RedLock Cloud Security Intelligence group mining profitability of Tesla's cloud is worth a lot more that all the customer data available could be sold for on the black market. This also isn't the first instance of such a hack with no data being stolen. In fact, hacks with intention of hijacking mining capacity has already targeted Gemalto, a world's largest SIM-card manufacturer, and Aviva, a British insurance company, just to name a few.