Ryan Selkis: ETH may be more valuable than BTC

Ryan Selkis, CoinDesk's Managing Director, claims that ETH may be more valuable than BTC now
29 August 2017   1270

Ryan Selkis, CoinDesk's Managing Director and one of the significant members of crypto social media community, has posted a tweet concerning the value of two top cryptocurrencies. Thus, the man claims that Ethereum may be more valuable than Bitcoin is now.

Selkis also adds in the comments that his "BTC is getting largely reallocated to XMR/ZEC". 

On top of that, CoinDesk's Managing Director touches upon the SegWit2x topic saying that "he's afraid 2x will succeed, or if it fails miners will attack Core chain". Cryptocurrency Security Consultant, Sergio Demian Lerner, remarks on SegWit2x:

What gives Bitcoin value is that if it is attacked, and it does not withstand the attack, there are some devs that will fix it quickly. We're waiting until the bcash/2x/core fork saga clears a bit to launch the platform. A peg cannot withstand a split.

Sergio Demian Lerner
Cryptocurrency Security Consultant

Charlie Lee, the Litecoin creator also known as one of the most honest developers in the cryptocurrency world, also comments on the post suggesting launching "it on Litecoin first as they can help test it out and have no fork drama".

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.