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Old 5th February 2018, 19:42   #71 (permalink)
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Re: Crypto Currencies

Does seem to be flat lining at the moment,bubble burst or what.
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Old 6th February 2018, 10:48   #72 (permalink)
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Re: Crypto Currencies

Egypt’s Grand Mufti issues fatwa against cryptocurrency

The Egyptian Grand Mufti has issued an official fatwa, banning bitcoin which soared in value over the $20,000 mark in December. Trade in cryptocurrency is similar to gambling, which is forbidden in Islam, he said.


The fatwa was issued after consultations with several economic experts, Egypt’s Grand Mufti Shawki Allam said on Monday, as cited by Ahram newspaper. Egypt’s legitimate bodies do not consider trading a virtual currency like bitcoin to be acceptable, he said, and the use of cryptocurrencies “impinges on the state's authority in preserving currency exchange.”

The mufti compared cryptocurrency’s trade exchange to gambling, which is banned in Islam “due to its direct responsibility in financial ruin for individuals.” The cleric said that bitcoin could negatively affect the legal safety of those who trade it, and lead to an “ease in money laundering and contrabands trade.”

Allam’s statement came as the value of bitcoin continues to fluctuate unpredictably. As of January 3, its price stands at $15,000.

Egypt’s Grand Mufti is not the first Muslim cleric to criticize the now-famous cryptocurrency, which has skyrocketed in value over recent months. In December, popular Saudi cleric Assim Al-Hakeem ruled that digital currencies are banned under Islamic law because they are "ambiguous."

“We know that bitcoin remains anonymous when you deal with it… which means that it's an open gate for money laundering, drug money and haram [forbidden] money,” Hakeem said at that time.

In November, Turkey’s highest religious authority – the Directorate of Religious Affairs, also known as the Diyanet – declared that buying and selling of digital currencies is at odds with its religion due to its lack of regulation and close connection to criminal activities.

Last year saw cryptocurrencies steal the headlines and take retail investors on a rollercoaster ride. Despite declines in December, bitcoin has seen a remarkable rise over the course of 2017, during which its price increased by over 1,300 percent.

https://www.rt.com/business/414903-e...i-ban-bitcoin/
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Old 14th February 2018, 17:46   #73 (permalink)
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Re: Crypto Currencies

Your Browser Could Be Mining Cryptocurrency For a Stranger

There’s something new to add to your fun mental list of invisible internet dangers. Joining classic favorites like adware and spyware comes a new, tricky threat called “cryptojacking,” which secretly uses your laptop or mobile device to mine cryptocurrency when you visit an infected site.

Malicious miners aren’t new in themselves, but cryptojacking has exploded in popularity over the past few weeks, because it offers a clever twist. Bad guys don’t need to sneak software onto your computer to get it going, which can be a resource-intensive attack. Instead, the latest technique uses Javascript to start working instantly when you load a compromised web page. There's no immediate way to tell that the page has a hidden mining component, and you may not even notice any impact on performance, but someone has hijacked your devices—and electric bill—for digital profit.

The idea for cryptojacking coalesced in mid-September, when a company called Coinhive debuted a script that could start mining the cryptocurrency Monero when a webpage loaded. The Pirate Bay torrenting site quickly incorporated it to raise funds, and within weeks Coinhive copycats started cropping up. Hackers have even found ways to inject the scripts into websites like Politifact.com and Showtime, unbeknownst to the proprietors, mining money for themselves off of another site’s traffic.



'There’s no opt-in option or opt-out. We’ve observed it putting a real strain on system resources.'

—Adam Kujawa, Malwarebytes Labs

So far these types of attacks have been discovered in compromised sites' source code by users—including security researcher Troy Mursch—who notice their processor load spiking dramatically after navigating to cryptojacked pages. To protect yourself from cryptojacking, you can add sites you're worried about, or ones that you know practice in-browser mining, to your browser's ad blocking tool. There's also a Chrome extension called No Coin, created by developer Rafael Keramidas, that blocks Coinhive mining and is adding protection against other miners, too.



"We’ve seen malicious websites use embedded scripting to deliver malware, force ads, and force browsing to specific websites," says Karl Sigler, threat intelligence research manager at SpiderLabs, which does malware research for the scanner Trustwave. "We’ve also seen malware that focuses on either stealing cryptocurrency wallets or mining in the background. Combine the two together and you have a match made in hell."

What complicates the cryptojacking wave, experts argue, is that with the right protections in place it could actually be a constructive tool. Coinhive has always maintained that it intends its product as a new revenue stream for websites. Some sites already use a similar approach to raise funds for charitable causes like disaster relief. And observers particularly see in-browser miners as a potential supplement or alternative to digital ads, which notoriously have security issues of their own.

Early adopters like the Pirate Bay have made a pitch to their users that the technology is worth tolerating. "Do you want ads or do you want to give away a few of your CPU cycles every time you visit the site?" Pirate Bay asked its users in mid-September. Most commenters on the feedback request supported in-browser mining if it reduced ads, but one noted that if multiple sites adopt the technique, having multiple tabs open while browsing the web could eat up processing resources.


The concerns run deeper among audiences unaware that their devices are being used without their knowledge or consent. In fact, malware scanners have already begun blocking these mining programs, citing their intrusiveness and opacity. Coinhive, and the rash of alternatives that have cropped up, need to take good-faith steps, like incorporating hard-coded authentication protections and adding caps on how much user processing power they draw, before malware scanners will stop blocking them.

“Everything is kind of crazy right now because this just came out,” says Adam Kujawa, the director of Malwarebytes Labs, which does research for the scanning service Malwarebytes and started blocking Coinhive and other cryptojacking scripts this week. “But I actually think the whole concept of a script-based miner is a good idea. It could be a viable replacement for something like advertising revenue. But we’re blocking it now just because there’s no opt-in option or opt-out. We’ve observed it putting a real strain on system resources. The scripts could degrade hardware.”

To that end, Coinhive introduced a new version of its product this week, called AuthedMine, which would require user permission to turn their browser into a Monero-generator. "AuthedMine enforces an explicit opt-in from the end user to run the miner," Coinhive said in a statement on Monday. "We have gone through great lengths to ensure that our implementation of the opt-in cannot be circumvented and we pledge that it will stay this way. The AuthedMine miner will never start without the user's consent."

This course-correction is a positive step, but numerous cryptojacking scripts—including Coinhive's original—are already out there for hackers to use, and can't be recalled now. Experts also see other potential problems with the technique, even if the mining process is totally transparent. "An opt-in option...doesn’t eliminate the problems of potential instability introduced by this," Trustwave's Sigler says. "When dozens of machines get locked up at a company, or when important work is lost due to a mining glitch, this can have a serious effect on a organization’s network."


And with more malware scanners on the alert, hackers will start to evolve the technology to make it subtler and more difficult to find. As with other types of malware, attackers can bounce victims around to malicious websites using redirect tactics, or incorporate Javascript obfuscation techniques to keep scanners from finding their script-based miners.

Still, the positive potential of in-browser miners seems worth the complications to some. "I’m hoping that within a year we’ll see even more evolution of this technology to the point where it cannot be abused by website owners who want to trick people into running these miners," Malwarebytes' Kujawa says. "But if it's only associated with malicious activities, then it might take awhile for the technology to evolve to a place that’s more secure, and for anyone to trust using it."

Like so many web tools, cryptojacking has plenty of promise as an innovation—and plenty of people happy to exploit it.

https://www.wired.com/story/cryptoja...ining-browser/

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Old 23rd February 2018, 18:00   #74 (permalink)
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Re: Crypto Currencies

Is this the latest trend? Venezuela has issued some. (Socialist desperation?)

Will every country develop its own cryptocurrency?

https://www.coindesk.com/turkish-law...ency-creation/
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Old 23rd February 2018, 18:17   #75 (permalink)
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Re: Crypto Currencies

It's easy to issue a new crypto. The problems arise when you try to list on an exchange and even harder to get anyone to buy. There are ICO's almost everyday for new coins. Most are either scams or the coins have no demand and are worthless.
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Old 1st March 2018, 17:19   #76 (permalink)
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Re: Crypto Currencies

Well it's now been a few weeks since the Bit-coin took a huge tumble and still not much sign of it re-cooperating, so maybe the bubble has burst.

As for my investment well not much change there still in a loss situation but will wait a while longer to see if it rallies around before taking back my cash or what's left of it.
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Old 1st March 2018, 17:37   #77 (permalink)
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Re: Crypto Currencies

Back to gazzer then:
How is your fund doing at the mo?
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Old 1st March 2018, 17:56   #78 (permalink)
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Re: Crypto Currencies

Apparently my advisor was trying to contact me to advice me to take the profit it had made when I was in Turkey but at £1.48 just to answer the phone and then £1.50p per minute so I never leave my UK phone turned on, apart from which I was on holiday and not prepared to spend at least a hour every day on the phone cos that is usually what it is when he phones me here in the U

EDIT,
Although I knew he was trying to contact me I truly believe there was no profit to be had and what he wanted was for me to plough more cash into the investment as we had talked about on another occasion, (but that just was not going to happen as I only ever saw it going down, down and down) as I was still able to monitor the site using a VPN and a bit of trickery.

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Old 1st March 2018, 18:15   #79 (permalink)
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Re: Crypto Currencies

Bitcoin is not the only crypto. There is also money to be made from forks where new coins are issued to holders of the original coin.There was a bitcoin fork last week, a neo fork later this month a etc fork in 2 days. Whether the new coins will be worth much remains to be seen. Perhaps a pump and dump.
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Old 3rd March 2018, 07:21   #80 (permalink)
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Re: Crypto Currencies

Quote:
Originally Posted by Kanga View Post
Back to gazzer then:
How is your fund doing at the mo?
Both myself and Gazzer use the same broker, and I can inform you we are doing very well from it so much so that I invested some more this week.
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