Sophisticated malware attacks through routers

Security researchers at Kaspersky Lab have discovered what's likely to be another state-sponsored malware strain, and this one is more advanced than most. Nicknamed Slingshot, the code spies on PCs through a multi-layer attack that targets MikroTik...

Qarnot’s QC-1: Heat Your Home and Passively Mine Cryptocurrency

Mining cryptocurrency is a huge business. Just last year, Beijing-based crypto-miner Bitmain made over $3 billion dollars in profits. In a novel approach, French startup Qarnot is helping everyday consumers get involved, and the company is doing so by utilizing something that’s usually regarded as a (big) problem for cryptocurrency miners: heat. By harnessing the heat graphics processing units (GPUs) generate while mining, Quarnot’s QC-1 crypto heater keeps users warm and mines cryptocurrency at the same time. According to Qarnot, the QC-1 takes just ten minutes to set up. It connects online via an Ethernet cable, and owners can monitor its mining progress or activate a heating booster using a companion app. Also of note: the manufacturer doesn’t take a cut of the cryptocurrency the QC-1 mines. “The heat of your QC-1 is generated by the two graphics cards embedded in the device and mining cryptocurrencies or blockchain transactions: While heating, you create money,” the QC-1 product description reads. “You can watch in real time how crypto markets are trending, on your mobile app and on your QC-1 LEDs.” The QC-1 crypto heater is a wall-hanging unit that looks like a black radiator adorned with a grill and wooden top. Housed inside are two AMD NITRO+ RADEON RX 580 GPUs. By default, the unit mines Ethereum, but users can direct the device to mine other cryptocurrencies too. The company estimates their crypto heater can mine an average of $120 worth of the coin per month. The problem is that the rig costs €2,900 ($3,570). Looking at the math, users will have to run the QC-1 all day every day for more than five years before it pays for itself (as per current Ethereum prices). Crypto Heaters The QC-1 isn’t the first device of its kind. Russian startup Comino sells two similar mining rigs that double as heaters: the Comino N1, which mines Ethereum, and the Comino N4, which mines Zcash. Both sell for €4,999 ($6,150). It’s worth remembering that devices like these can only mine cryptocurrencies — they doesn’t include a hard drive or an operating system, so no gaming or emails. And considering that the QC-1 costs almost $3,600, one could theoretically just buy a high-end gaming PC with two comparable cards inside and set them up for cryptocurrency mining. That said, as a proof of concept the QC-1 is certainly notable. Using excess heat from cryptocurrency mining to provide heat for users is a great idea. Mining generates a tremendous amount of heat and putting it to good use could help make the idea of mining cryptocurrency more approachable to mainstream consumers. The post Qarnot’s QC-1: Heat Your Home and Passively Mine Cryptocurrency appeared first on NewsBTC.

Google hints at a rebranding for Android Wear

Android Wear might be on the cusp of a Google Pay-style rebranding. Users exploring the latest Android P Developer Preview have noticed that Google is not only referring to Android Wear as "Wear OS," but has replaced the usual watch-like logo with a...

Witnessing the Church of Elon Musk

SXSW plays host to big-name speakers all the time. Mother! and Black Swan director Darren Aronofsky was on stage yesterday, Apple's Eddy Cue is on a panel tomorrow and Moonlight director Barry Jenkins had a keynote this morning. But something felt di...

Twitter will livestream Major League Soccer games

Twitter hasn't scored a major sports livestreaming deal in a long while, but that drought is over. Variety has learned that the social network has struck a 3-year deal with Major League Soccer that will give it a selection of weekly video, including...

Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September

Over the past several days Bitcoin has experienced a large drop in value. The entire market has followed this trend, with Ethereum, Bitcoin Cash, and Ripple all declining by similar margins. Analysts have attributed the recent fall to a massive sell-off of almost 40,000 Bitcoin by a Mt. Gox trustee. Mt. Gox Sell-off Tokyo-based cryptocurrency exchange Mt. Gox was formed in 2010, and just four years later was responsible for over 70% of all Bitcoin transactions worldwide. Unfortunately, in 2014 the exchange closed down and filed for bankruptcy following the theft of approximately 850,000 Bitcoin. The problem today is that creditors are still after the missing money. And it has been reported that Nobuaki Kobayashi, the lawyer and trustee of Mt. Gox, has sold 35,841 Bitcoin and 34,008 Bitcoin cash — worth more than $400 million — over the past few months, starting in September of last year. Many in the industry have thrown shade at Kobayashi, claiming this influx of Bitcoin contributed to the intense volatility in the market in December and January, as well as more recent pricing downtrends. The Mt. Gox trustee holds still holds about 166,000 Bitcoin — worth more than $1.5 billion at the moment. This has attracted a lot of attention, but there may be some good news: the next court proceeding for the Mt. Gox bankruptcy isn’t scheduled until September 18th, 2018. It is likely, then, that before that date Kobayashi won’t be able to dump the remaining 166,000 Bitcoin onto the open market. Traders have been watching this case closely, and if this turns out to be true, it could mean good things for Bitcoin’s price. What Happened? Details of Kobayashi’s transactions published earlier this week indicate that the mass sell-off was potentially a driving force behind the December 2017 and January 2018 Bitcoin pricing slump. Analysis of the transactions suggests a correlation between the sales and Bitcoin’s bearish price action in late December 2017 and early 2018. The sales seem to have further shaken a market already in a downward trend following regulatory crackdowns, hacked exchanges, and fraud. When off-loading a large volume of cryptocurrencies, a seller is required to accept lower and lower bids, which in turn causes the price to drop rapidly. Some traders watching the market closely may see this as a signal of an oncoming crash and quickly sell their holdings before it drops even further — a snowball effect can occur and a market can quickly experience a crash. Moving Forward As noted above, many are hopeful that with the next Mt. Got court date six months away, Kobayashi won’t be able to dump another load of coins on the market. That said, some are hesitant: this Twitter user, a Japanese investor, claims that, in fact, the September 18th court hearing is irrelevant because Kobayashi already has been authorized to sell-off — meaning he doesn’t have to wait to off-load more coins. Regardless of what actions Kobayashi takes moving forward, hopefully, the future sales will be more transparent and not contribute to FUD and associated Bitcoin market downturns. The post Bitcoin Price Will Likely Surge as Mt. Gox Sell Off Paused Until September appeared first on NewsBTC.

Tennis legend Andre Agassi is building tech to help with dyslexia

Andre Agassi, the legendary American tennis player, made an appearance at SXSW 2018 to announce a partnership with Square Panda, a startup that makes educational apps for kids. Through his namesake Early Childhood Neuroscience Foundation, Agassi and...

Seeing through the Hype: Why Transparency Matters, at LocalCoinSwap

The earliest cryptocurrencies first emerged from the libertarian cypherpunk movement of the 90s, opposing the monopoly of big institutional structures to embrace the peer-to-peer nature of direct exchange. So why is it that the power and volumes have ended up concentrated in so few hands, particularly when it comes to the exchanges on which the majority of trades take place? LocalCoinSwap is set to challenge this state of affairs, by using the Blockchain itself to provide transparency about the exchange to its shareholders. “The very nature of the Blockchain is to create an immutable, trustable record, of every transaction”, explains Aapeli Vuorinen, LocalCoinSwap Lead Security Engineer. “It made total sense to us to exploit that technology to provide this level of accountability to our shareholders, and we built that into our product plan from the very outset”. Because LCS token holders are more than investors –they’re shareholders. “As each person who possesses LCS Cryptoshares actually owns a part of the exchange”, Aapeli goes on, “We need to be able to provide them with accurate real-time data about the platform’s performance in any case, ss they will be participating in key decisions about the operational direction of the exchange – such as which new coins to list, which ICOs to participate in, or which new technological routes to pursue”. “But before we get to decide between investing in atomic swap marketplaces or new strategic partnerships, we´ll be using the available and fully-tested blockchain technology we have built around, to provide continuous and transparent reports about all cryptocurrency revenues generated – which will subsequently be distributed as dividends.” “Transparency has been one of our core values from the inception of this project, and all our code is available on Github for public scrutiny. Our smart contracts in use for Cryptoshare issuance, dividend tokens, and voting tokens are all open source. Our development roadmap is shared openly in our whitepaper and via our community so that we can prioritize building the product that users need most.” This level of openness has already resulted in a stronger product, more consistently aligned with the needs of users, because of the generous and active involvement of our community. These are people who are eager to get trading in our exchange, not just because they will each own a piece of it, but because they’ve helped shape the way it works.” Involving users from the start means that LocalCoinSwap is creating a great user experience too, and making true P2P transacting in cryptocurrency a straightforward and inclusive experience. “Transparency is at the heart of the P2P experience. All users will have the opportunity to leave feedback after every transaction, and also to respond to feedback left about themselves. They can also view previous feedback, and users will develop their own trust profile on the site, as the trading community grows.” “LocalCoinSwap will provide an escrow service to mitigate the trust issues which inevitably impact any P2P space, and we’ll also offer mediation in the event of any dispute – but the trade itself takes place between the two parties involved, without any restriction on their entry currency, geographical location, or personal identity”. Their fees are transparent too: Aapeli explains: “We’ll charge a clearly-indicated and competitive commission fee to the trader advertising their offer on the platform, and that’s how we’ll monetize the deal. The purchaser, therefore, pays exactly the price advertised – no withdrawal or deposit fees, or any other sneaky hidden charges. We will also reward high-volume traders with lower fees, and with indicators on their profile for the rest of the community. No whales hiding in plain sight, we intend to make it obvious who the big stakeholder are, and keep our community champions front and center”. Clearly a breath of fresh air, which will shine a light on some of the less-than-transparent practices of their competitors, when they launch publicly in the summer. You can be part of it ahead of the public, by joining the presale on March 15th – and in the meantime, you stay in touch with the team directly on Telegram(https://t.me/localcoinswap), Facebook(https://www.facebook.com/localcoinswap/), Twitter(https://twitter.com/Localcoinswap), and register on their Website(https://www.localcoinswap.com/). Links: https://www.facebook.com/localcoinswap/https://twitter.com/Localcoinswap_https://t.me/localcoinswaphttps://www.localcoinswap.com/ The post Seeing through the Hype: Why Transparency Matters, at LocalCoinSwap appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

The ‘Westworld’ mobile game is open for pre-registration

If you've been dying to be a part of the team that runs the unsettling theme park in HBO's Westworld, your wait is almost over. At SXSW today, Warner Brothers Interactive Entertainment announced pre-registration for the mobile game, which will be rel...

Online Advertising Can Be More Effective and Less Irritating — Here’s How

Ads can be annoying, it’s no secret. Browsing your favorite corners of the internet can turn into a mildly infuriating experience when the pages are littered with boring, repetitive ads. To make matters worse, many of these ads are completely irrelevant and even spammy. It’s one thing being bombarded with ads for products you want, quite another when they’re items you simply don’t care about. It’s hard to get around. Big platforms like Google and Facebook have a lot of power when it comes to ads, and their revenue is growing all the time. Using these services comes with a price, and the price is that endless stream of ads one comes across on the internet. But what if it didn’t have to be that way? What if advertisers could work more closely with users and content publishers to make the experience more pleasant for customers and more profitable for themselves? It could be possible, but it would require a big overhaul of the current system and a new way of sharing data. First, let’s check out why ads are so annoying now. Why are ads so annoying? Digital advertising is all about data. In the U.S. alone, spending on data is forecast to reach $11.4 billion in 2018, with advertising a big driver for this. Advertising companies are supposed to use your personal data to target you with the ads. In effect, this would result in you seeing ads for products you actually want to buy. Unfortunately, data sharing is a messy area and it doesn’t always go according to plan. Many companies buy and sell user data, in the form of email lists for example, and the result is users are mixed up and incorrectly targeted. Hence the heaps of irrelevant ads. Advertisers also find it hard to directly target their customers. Publishers, who produce the content that generates traffic, rarely have a close relationship with advertisers as there aren’t enough platforms that allow this. The result is that advertisers are unable to rely on genuinely effective types of advertising that involve real dialogue with customers. Instead, they’re forced to just pump out banner ads and hope for the best. The result is annoyed subscribers and poorly performing ads. The problem stems from centralization. Big companies like Facebook, Google, and YouTube dominate the advertising industry, making it near impossible for advertisers to build relationships with publishers or their subscribers. In fact, 93% of marketers use Facebook advertising regularly. This makes it much harder to tailor ads for customers and share data effectively. The solution is to move to a more decentralized model — but how? Using blockchain to decentralize advertising Blockchain technology is frequently hailed for its ability to build decentralized networks with no central point and no middlemen. This would be a perfect solution to the problems with ads — it allows us to cut out third-party platforms and focus on real relationships. One Blockchain project is working to disrupt the online advertising world and it’s called Kind Ads. Kind Ads raised $20 Million in a private round and has recently finished a long process of onboarding publishers and advertisers and want to change the way online advertising works by building a decentralized blockchain platform using its own tokens as currency. This way, advertisers can transact with content publishers to gain access to their subscriber base. It allows advertisers to communicate more effectively with their potential customers, and target ads in a way that is less annoying and more profitable. For example, advertisers will be able to shift from randomly generated banner ads to things like push notifications and chatbots, which have been shown to be far more effective at converting leads into customers. They’re also less annoying and much effective. Customers, meanwhile, will be able to decide who they want to share data with, by selling their data in exchange for Kind Ads tokens. This gives them more control over the advertisers they interact with. They’ll also be able to decide how much activity they want to see and even opt out of lists they don’t want to be in anymore. This kind of new, smarter system could change digital marketing forever. It’s a more democratic way of advertising, one where advertisers and their targets have more of a relationship. It’ll make the experience of being online more pleasant for users while taking the power from big third parties and returning it to advertisers and content producers. The people who generate traffic will be rewarded more fairly, and advertisers will be able to pay less to get their message out. The goal of Kind Ads is to have better suitable and relevant ads for users, more revenue (no middlemen) for the publisher, and zero fees for advertisers. Everybody wins. The post Online Advertising Can Be More Effective and Less Irritating — Here’s How appeared first on NewsBTC.