Employee Fined For Mining BTC on Nuclear Research Center Supercomputer

An employee at a nuclear research center in the closed town of Sarov in Russia was fined for illegally mining Bitcoin (BTC). Convicted to pay $7,000 fine According to a Sept. 27 article by Russian news outlet Meduza, a man was fined 450,000 rubles ($7,000) for trying to mine Bitcoin by using a petaflop-capable supercomputer at his workplace, the All-Russian Scientific Research Institute in Sarov, Russia. Sarov, about 230 miles east of Moscow is a closed town as it is the Russian center for nuclear weapons research.  The court delivered…

New Spyware Replaces Crypto Wallets on Clipboard via Telegram: Report

Amerian Internet infrastructure firm Juniper Networks has found a new spyware that uses Telegram app to replace crypto addresses with its own. Masad Clipper and Stealer Juniper Threat Labs, a threat intelligence portal at Juniper Networks (NYSE: JNPR), discovered a new Trojan-delivered malware implementing major global messaging app Telegram to exfiltrate stolen information, according to threat research released on Sept. 26. Reportedly circulating under the name “Masad Clipper and Stealer” on black market forums, the spyware is capable of stealing a broad list of browsing data, including usernames, passwords, credit…

Blockchain-Based Protocol Tachyon Network Releases White Paper

Tachyon network, a decentralized internet protocol has officially launched its white paper which discloses details on the project background and Tachyon ecosystem. Reconstruct the TCP/IP model In a press release shared with Cointelegraph on Sept. 27, Tachyon network announced the release of its white paper revealing details on how the protocol is set to reconstruct the TCP/IP model. The TCP/IP model, after 36 years of use as the foundation of the internet, is slowly falling behind the increasing demand for stability, security, speed and trust, the white paper reads, adding:…

Overstock’s Crypto Division Invests $2 Million USD in Evernym

Troubled online retailer Overstock has invested $2 million USD in blockchain-based identity firm Evernym through its crypto division, Medici Ventures. Blockchain-Based Identity Technology Evernym was founded in Salt Lake City in 2013 and has developed a blockchain-based technology that allows organizations and governments to issue, accept, and verify credentials that operate similarly to a digital passport. Its digital credential platform, Verity, allows organizations to interact with customers while giving clients control over their data. The technology utilizes blockchain to develop a decentralized ecosystem of digital credentials that is more trustworthy than physical…

Animoca Brands to Develop Blockchain-Based MotoGP Manager Game

Blockchain and artificial intelligence firm Animoca Brands Corporation Limited has entered into a partnership with sports management company Dorna Sports, S.L. to develop a blockchain-based MotoGP manager game. Per a press release shared with Cointelegraph on Sept. 26, Animoca Brands completed a strategic capital raise of A$1 million ($677,600) from a group of investors, including Moses Tang, the founder of AP Capital and founding chairman of Goldman Sachs Asia Pacific. The company is planning to allocate part of the funds to advancing the manager game. Make it to the 2020…

Fake Royal Letter Asks $2.5M in BTC to Save UK’s Economy After Brexit

Scammers asked British citizens for nearly $2.5 million in Bitcoin (BTC), claiming that the funds will be spent to maintain the local economy after Brexit. Physical letters vs emails Fraudsters apparently sent out physical letters to the British, posing as a private secretary of Queen Elizabeth II, according to one of the alleged copies revealed by an exec of a local tech firm. Paul Ridden, CEO at United Kingdom-based IT firm Smarttask, posted a picture of the letter on Sept. 24 on LinkedIn, chuckling about the apparently failed phishing scam…

Stablecoins and Crypto Not Suitable Money Substitutes

Mario Draghi, president of the European Central Bank (ECB) shares his views on stablecoins, the future of crypto assets, and possible digital form of the Euro. Monitoring developments in crypto On Sept. 27, in a letter addressed to European parliament member Eva Kaili, ECB president Mario Draghi noted that the European System of Central Banks (ESCB) is closely monitoring developments in the cryptocurrency industry. Draghi added: “The ESCB is analysing crypto-assets and stablecoins with a view to understanding their potential implications for monetary policy, the safety and efficiency of payments…

Major Coins Trading Sideways, Bitcoin Hovers Around $8,000

Friday, Sept. 27 — The top-20 digital currencies are reporting mixed signals today, experiencing moderate gains and losses throughout the past 24 hours following the nosedive they took on Tuesday, Sept. 24. Cryptocurrency market daily overview. Source: Coin360 The leading cryptocurrency, Bitcoin (BTC), is trading sideways, up by 1.18% over the last 24 hours to trade at around $7,970 at press time. Bitcoin has seen low volatility during the day, having dropped to as low as $7,752, while the intraday high reached $8,198. At the beginning of the day, Bitcoin…

Telegram’s Gram Wallet Now Available in App’s Alpha Version for iOS

Encrypted instant messaging service Telegram has revealed a wallet for its network’s native token, Gram (GRM), available in the app’s alpha version for iOS. As Telegram Info reported on Sept. 26, the Gram wallet is now active on the alpha version of Telegram on iOS, although currently the wallet operates in the Telegram Open Network (TON) testnet. So far, users can only create and delete a wallet, receive and send Grams, and share their wallet address. Basic functions only Fyodor Skuratov of software startup TON Labs, which is managed by…