Private Equity Moris Beracha Wuani

By  Marie Huillet As many as 50,000 servers worldwide have allegedly been infected with an advanced  cryptojacking  malware that mines the privacy-focused open source cryptocurrency turtlecoin (TRTL). The news was  revealed  in an analysis by international hacker and cybersecurity expert group Guardicore Labs on May 29. As reported, cryptojacking is an industry term for stealth crypto mining attacks which work by installing malware that uses a computer’s processing power to  mine  for cryptocurrencies without the owner’s consent or knowledge. Having first detected the campaign in April and traced its origins and progress, Guardicore Labs believes the malware has infected up to 50,000 Windows MS-SQL and PHPMyAdmin servers over the past four months worldwide. The analysts backdated attacks to late February, noting the campaign’s precipitous expansion at a rate of over “seven hundred new victims per day.” Between April 13 and May 13, t...

By Paul Lilly It wastes energy and pollutes the environment, China says. The government agency that is in charge of China's macroeconomic planning is recommending new rules that would effectively ban cryptocurrency mining in the country, or at least make it very difficult, provided the measures are actually enforced. China's National Development and Reform Commission (NDRC) outlined the proposed decree in a draft amendment to the Catalog for Guiding Industrial Restructure, as reported by South China Morning Post . It's sort of an outline of economic policy that groups industrial sectors into three main categories: ones the agency wishes to encourage, restrict, or eliminate. The amendment recommends eliminating "virtual currency mining, such as the production process of Bitcoin" right away. Residents in China have until May 7 to submit feedback on the draft proposal, sometime after which the rules would be finalized (or scrapped). B...