Kraken enables Bitcoin Cash deposits and withdrawals

Kraken exchange announces Bitcoin Cash deposits and withdrawals 
08 August 2017   1151
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

One of the biggest cryptocurrency exchanges, Kraken now enables Bitcoin Cash deposits and withdrawals:

As the company reports, 20 confirmations are required before BCH deposits are credited. However, the exchange team does not exclude the opportunity of lowering this number:

We may lower the required number of confirmations in the coming weeks if the BCH network grows and more miners join the network.
 

Kraken exchange team

Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks

Still, the exchange warns their customers about the potential risk when transferring funds due to the fact that the BCH network may remain potentially vulnerable for several weeks or more.

In the event that a deposit is invalidated on the network after the funds are credited to a Kraken account, the amount of the deposit will be debited from the account. If this results in a negative BCH balance withdrawals will be locked until the balance is corrected (by either depositing or buying BCH).
 

Kraken exchange team

According to the company, Kraken has asset-specific deposit addresses and any funds sent to an address that isn’t specific to the asset will not be credited. Thus, Bitcoin Cash (BCH) deposits should only go to BCH-specific deposit addresses, and regular Bitcoin (XBT) deposits should only go to XBT-specific addresses. Any BCH sent to a XBT deposit address will not be credited and any XBT sent to a BCH deposit address will not be credited.

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.