Iran May Lift Crypto Ban

Meanwhile, Iran has completed the development of legislation to issue its own national cryptocurrency
28 August 2018   572

The Central Bank of Iran is likely to lift the ban on cryptocurrencies and by the end of September to create legislation to regulate them. This is reported by Financial Tribune.

The first concerns the prevalent global cryptocurrencies. The High Council of Anti-Money Laundering has imposed a ban in light of concerns over global allegations of money laundering and financing of terrorism. But it seems that after the government's consideration, this blanket ban will be reviewed.

Nasser Hakimi

Deputy for innovative technologies, Cental Bank of Iran

In April, the Central Bank of Iran, guided by the ideas of combating money laundering, introduced a ban on trade in cryptocurrencies. In addition, this decision reflected the need to limit the possible use of digital tokens to support terrorist activities and perform other tasks related to the lack of appropriate regulation. However, this ban had only a temporary effect - soon the cryptoexchanges resumed operations, in connection with which the Central Bank again thought about the regulation of digital assets.

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.