Welcome to In Case You Missed It (ICYMI), a fast cryptocurrency mining virus spreading in China thanks to your esteemed hacker, Linzerd. 94% of top 100 tokens are based on Ethereum. Bitcoin Miners getting a virus in China. Russia wants data servers from Facebook and Twitter to be in their country. Mastercard fined by the EU. Mining thief gets 4.5 years jail time, and Coinnest airdrops more than $5 million in bitcoin by mistake.
94% of Top 100 Tokens are Ethereum Based
A new study has found out 94 of the top 100 tokens classified by market cap are based on Ethereum, probably due to its easy to adapt ERC20 token standard. This shows decentralization in the token space does have to improve, and if this continues, Ethereum and its platform could face performance issues in the future. The most popular token that is not Ethereum-based is Tether, the stablecoin that is based on the Omni Layer Protocol.
Bitcoin Mining Virus Spreading in China
A new virus specially designed to target and attack Bitmain manufactured hardware miners is quickly spreading through China, with the hacker responsible for the attacks asking for 10 bitcoin as ransom. The mining induces overheating in the miners by overclocking them to work faster, producing more heat. The virus can also change the direction of the wallet that receives the mining rewards. It can be purged by updating the firmware of miners, but that is a slow and lengthy process.
Russia Forces Facebook and Twitter to Have Domestic Servers
The Russian internet censorship agency, also called the Roskomnadzor, is trying to get Facebook and Twitter servers back into their country. A law that establishes this rule was approved in 2015, but enforcing it has been tricky. Despite this, they sent a letter last December to these services to get them to move their servers. The deadline for an answer passed, and only Facebook reported they were in touch with the agency.
Mastercard Fined by the EU Due to High Fees
The European Union has fined MasterCard because of actions and policies that prevented merchants to access cheaper fees by changing the acquiring banks from a local bank. As a result, MasterCard breached antitrust laws and will have to pay 570 million euros, minus a 10% discount after “acknowledging the facts and the infringements of EU competition rules.” This opens the door for companies to sue for damages in all of Europe.
Grand Theft Bitcoin Author Gets 4.5 Years
Sindri Por Stefansson, the author of the most famous bitcoin miner heist in the world, the one that took place in Iceland and involved robbing more than 600 miners, has been at last sentenced to 4.5 years in prison. The miners were never recovered, but the firm that was stolen from will get 200,000 euros in compensation.
Korean Exchange Mistakenly Airdropped More Than $5 Million
Coinnest, a Korean exchange, mistakenly airdropped more than 6 billion Korean won (the equivalent of $5.3 million). The details are scarce, but it seems the exchange was doing an airdrop for a token called WGT (We Game) when someone committed the mistake; also, it was reported they gave some fiat currency by accident away too. They tried to roll back their servers but some customers had already withdrawn the coin. Not a good way of starting the year for this exchange.
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