MultiBit is no longer supported

"Light" bitcoin wallet MultiBit is shut down by KeepKey, owner company
31 July 2017   1301

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

The producer of hardware wallets KeepKey announced the termination of the development of the "light" Multibit wallet. This is reported by MultiBit blog.

KeepKey Technical Director, Ken Hodler, announced that KeepKey acquired Multibit in May 2016, marking the first merger and acquisition transaction since its inception in 2014. At the time of acquisition, Multibit developers announced that they will no longer work on the wallet and refuse to provide further support.

The reality is that Multibit is in need of a lot of work. It has stubborn bugs that have caused us and Multibit users much grief. Additionally, Bitcoin has gone through a fundamental change in regards to the way fees work. The addition of SegWit in the coming weeks will mean the Multibit software has fallen still further behind.

Ken Hodler
Technical director, KeepKey


Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

He explained that KeepKey does not have the resources to solve existing problems or for a complete reconstruction of Multibit. The company will focus on developing its own KeepKey device to accelerate production and work on improving the hardware wallet. 

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.