EC to invest €30B in technologies, blockchain included

The European Commission is planning to support the research in the fields of migration, security, climate, clean energy and digital economy
31 October 2017   705

The European Commission reported on Friday how it intends to spend 30 billion euros on the EU's research and innovation financing program for 2018-2020 called "Horizon 2020", of which 2.7 billion euros are intended to launch the European Council for Innovation. This is reported by the Interfax.

Artificial intelligence, genetics, blockchain: science underlies today's most promising breakthrough innovations. Europe is at the forefront of science and technology around the world and will play an important role in innovation.

Carlos Moadas
Member, The European Commission for Scientific Research, Science and Innovation

According to him, the European Commission will work together with the European Council for Innovation, which today takes the first steps to "provide many innovative European companies with a springboard for leadership in the world."

"Horizon 2020" is a European program for the financing of research and innovation with a budget of 77 billion euros, which supports a high degree of scientific excellence in Europe and contributes to bright scientific breakthroughs, such as the discovery of exoplanets and gravitational waves, the European Commission explains.

The goal will be the financial support for companies developing new solutions in the field of migration, security, climate, clean energy and the digital economy.

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.