MyBit Partners With Alpine Mining

MyBit intends to be a first-class platform by giving users the opportunity to invest in Internet of Things devices on the ethereum blockchain
30 January 2018   397

MyBit, an open source decentralised platform, has announced on Tuesday that it has partnered with cryptocurrency mining company Alpine Mining to help to tackle the issue of environmental sustainability regarding blockchain technology.

There’s a lot of excitement around the internet of things and blockchain right now. Globally, the market for IoT devices is projected to grow to $8.9T in 2020. Here at MyBit, we’re making buying, selling and monetising them as easy as using an app. And through our partnership with Alpine Mining, we’re bringing our tech to the mining community for the first time.

 

Ian Worrall

CEO, MyBit

According to the announcement, MyBit and Alpine Mining will offer distributed ownership of mining operations for every budget with the ability to scale rapidly. By integrating in the MyBit platform users will be able to co-own existing mining operations, customise or crowdfund their own.

MyBit added that as well as their partnership with Alpine Mining, the company is seeking to team up with other companies in the industry to help non-blockchain businesses to bring their IoT devices to new audiences.

Microsoft Word Has Mining Vulnerability, Votiro Says

According to researhers, vulnerability is caused by the new feature of Microsoft Word
22 February 2018   47

Java mining scripts for Monero can be run inside Word documents. This became possible thanks to a new feature that appeared in the latest versions of Microsoft Office products. It allows you to add text to the video using the iframe insertion code. The file itself does not become harder, because the view is done online. This is reporte by Block Tribune.

The problem was noticed by a researcher from the Israeli company Votiro Amit Dori. He writes that the video player is actually a disguised Internet Explorer browser that operates in an offline mode. In addition, Word allows you to insert links to any site on the Internet, even if it is not in the white list.

You can protect yourself by maintaining an up-to-date machine with all security patches and updates installed. Furthermore, if you spot a serious CPU rise while watching an online video in Word, be aware it might be an in-browser miner and close the video frame.
 

Amit Dori

Security researcher, Votiro

The scammer can place the video in his own domain, adding to it a Java-script for mining. It is worth the user to click on the playback, as the crypto miner starts to mine Monero, parasitizing on the power of its processor.