Jolly5 Mining

While the Desktop Crypto Mining Malware is Slowly Dropping, Cloud Computing Abuses Are Becoming More Common SkyBox Security has released a new report that indicates the drop in the popularity of crypto mining malware since the beginning of the year. However, the same report suggests that cloud computing attacks (attacks that create hundreds of infected computing containers online) increased dramatically in the same time interval. ... Desktop crypto-mining malware is in decline Malicious crypto miners were a flawed tool of cybercriminals in 2018. In this year, their exploitation has been reduced to only 15% malware attacks, with rising ransomware, botnet, and backdoors that occupy places, according to the Skybox Security report. On the other hand, the vulnerabilities in cloud containers are at the peak of at least 46% compared to the last year. Also, comparing with 2017, they are at an incredible 240% compared to 2017. It is common that the crypto-malware like Nanshoo campaign has infected tens of thousands of computers, forcing desktop computers to mine various cryptocurrencies, especially bitcoin through distributed control systems. The software was targeting the IT, healthcare and media companies, and some data suggest that similar software infects more than 700 new computers per day. Cloud Computing Exploits Are New Threat The new way of abuse, however, is in the cloud container. These remote services, run by big providers, like Amazon and Google, are often neglected and can be abused to process enormous amounts of data. Worst of all, hackers can immediately repeat these containers, creating a virtual army of 'zombie machines.' Cloud technology is evolving, so it's not surprising that its exposure to abuse is getting bigger; the thought comes from SkyBox Security. The biggest concern is the fact that the race in which the attackers will develop exploitation as the launching of a successful attack on the container could have much wider consequences. Compared to other technology, containers can be more diverse and faster replicated. The seizure of the attack could expand rapidly, and the number of victims could be extremely high. Unfortunately, vulnerabilities are rising As they explained in SkyBox, companies could be drowning for some time in a flood of vulnerability. Over 7,000 new vulnerabilities were discovered in the first half of the year, which is significantly more than the figures we saw for the full year before 2017. Further, because these attacks cost computer cycles, they can run large accounts for the victims, which additionally adds financial injuries to attacks. http://www.jolly5-mining.com/

The New York Times: Blockchain Technology Against Fake News Back in March, The New York Times Company has revealed their plans to get involved in ongoing blockchain publishing experiments. This week, the company announced a new website for the publisher’s News Provenance Project. With the announcement also came the explanation how the storied newspaper’s Research and Development team intends to use the blockchain permitted by the Hyperledger Fabric to verify news photographs ...in partnership with IBM Garage, the tech giant’s accelerator program. Readers become more indifferent to News The project aims to battle false information and corrupted media, that are hitting small as much as large publishers alike. There are more and more situations when readers are being deceived and confusedeventually; they become fatigued and apathetic to the News content. Contextual Metadata The New York Times and partner companies are attending to provide a proof-of-concept starting now, until the end of 2019 to find a way to keep the truth and trust in digital files. The project intends to store a news item’s contextual metadata on a blockchain. It includes time and places where a photo or video was shot, who took it and data regarding how it was edited and published. To make a set of signals that can travel with published media anywhere that material is displayed - that is the original idea according to the website, including on social media, in group chats and also search results. The Times aimed to enter the blockchain experiment a months ago The New York Times plans to issue updates on the project with the time, completing in a full report following the pilot’s conclusion. The Civil Media CEO Vivian Schiller, who was formerly with the New York Times, tweeted about and a lengthy Medium post from Sasha Koren, the head of the program’s project. For a couple of months, The New York Times was preparing to enter the blockchain experiment and using new technology to make its work ease and more trustful. They posted then quickly removed a want ad for a project leader. http://www.jolly5-mining.com/

Iran Has Finally Legalized Crypto Mining Iran officially recognizes cryptocurrency mining as an industry within its borders According to the latest news from Iran, this country has introduced crypto-mining into legal flows. On Sunday, the Economic Commission finally approved the Chamber of Commerce, Industry, Mines, and Agriculture of the Iranian Government, to carry out all the job related to the crypto mining industry and with all the necessary permits and legal support. Fr...om that point on, the government is seeking ways to regulate this activity within its existing legal structure. Following the introduction of new legal provisions, Governor of the Iranian Central Bank, Abdonnasser Hemmati, said the government's economic commission approved the mechanism for issuing crypto coins. He also said they would form a discussion group in the future in a meeting of the government of Iran. Deputy Energy Minister for Electricity, Homaiun Haeri, said ministers in the government would vote on a measure to approve the price of electricity for mining farms. The interest actually comes from the cheap electricity Last month, we recalled, the Iranian authorities have been in a dilemma as to whether crypto mining should be included in legal flows, primarily because of the enormous concerns about uncontrolled use of electricity. The government even seized the equipment and closed several mining farms in this country, until further notice. It has been suggested to find a particular way of pricing the energy for those who deal with mining. The solution must be contrary to the already massive percentage of abuse of subvention power provided by the state to institutions such as schools or mosques. However, the region is attractive to miners precisely because of cheap electricity prices. What will happen with the cryptocurrency usage in Iran? At the moment when crypto mining becomes a legitimate specialized industry in Iran and gets a temporary green light, the question arises as to how the use of the mined coins will be regulated. It is not yet defined whether the official position on the use of the cryptocurrency for domestic payments will change, and in which direction. At the end of January 2019, the Central Bank of Iran proposed the ban of the crypto, and to be prohibited for domestic payments, even though local industry actors rejected such a prohibition. Two Iranian citizens, Ali Khorashadizadeh and Mohammad Gorbaniian, remain the only people on the sanctions list of the US State Department to control foreign assets related to bitcoin operations, their alleged role in facilitating payments for SamSam Ransomware. Although Ghorbaniian admits that he has facilitated these payments, he insists that he was not aware of the origin of these funds. http://www.jolly5-mining.com/

Due To The All-time Highest Hash-rate, Bitcoin Network Is Stronger Than Ever Now, when Bitcoin is passing another milestone as hash-rate is approaching its highest ever, it has more computing power behind its security than ever before, according to Blockchain data. This monitoring resource verified that, on July 20, the total hash rate of the Bitcoin's network touched a peak of 79 tera-hashes per second (TH/s).... A harsh rate milestone Hash-rate is a broadly accepted measure of how much robust transaction security has become. It has broken multiple records in recent weeks and months, and all-time highs had come around June 21 (65 trillion TH/s) and July 1 (70 trillion TH/s). The figure receded over the weekend after kicking the 79 trillion mark. On Sunday, the hash rate total was reported at 67.1 trillion TH/s, regularly alternating while still setting a general higher trend. Eight-time more computing power Bitcoin network now has almost eight times stronger computing power than from the time when Bitcoin was around $20,000 in late 2017. Although, the report came despite a pause that Bitcoin had in the earnings, which fell off recent highs of $13,800 two weeks ago. Since then period, regulatory pressure has seen markets fall as low as $9,125, something which failed to weigh on network performance. Bitcoin's transaction fees also remain low, notwithstanding fluctuations in price and its volume. Resolving mining performance until May 2020 Bitcoin mining had turned a corner since the oldest cryptocurrency hit the bottom of the bull market in December last year. Now, it has the opportunity to revolve around the May 2020 block reward halving increasingly. Some new analysis predicts Bitcoin price would probably see more influence from miners over the next year. The block reward halving will see the number of new Bitcoin miners can claim per block of verified transactions decrease from 12.5 BTC to 6.25 BTC. A mining difficulty, which has also hit new highs lately, will hopefully see further progress of its own as hash rate continues to expand. http://www.jolly5-mining.com/

AMF Suggests Experimental Regulatory Framework for Crypto Companies in France AMF or the Financial Market Agency is the largest and most influential financial organization in France. According to the latest news, this financial watchdog has an experimental regulatory framework in which crypto-related companies will be ranked, and the project will begin at the end of July, according to Reuters. The legal framework will include capital requirements, tax obligations, and consume...r protection protocols. All crypto-oriented companies and other entities from the crypto industry will have to respect these rules, and in return will receive regulatory approval. The Financial Market Agency wants an experimental regulation for the crypto market Anne Marechal, the Executive at Legal Affairs at AMF, characterized this experimental project as the "precursor" of crypto-specific legislation in the world, generally considering that this is not an uncoordinated application of financial regulations that arose prior to the emergence of the asset class. AMF Request to French banks from April France has previously propagated a regulatory regimen under the "tit for tat" system. A few months ago, the AMF issued a request to banks to open accounts for all the crypto-related companies that comply with the regulations. Part of the PACTE laws, crypto-exchanges and administrators have also been expanded with an "option" for getting an operational visa. Also in April, French Finance Minister, Bruno Le Maire gave a proposal in front of the EU, to take into account the "French experience" and to use PACTE's guidelines for establishing a particular regulatory framework for the cryptocurrency in the single market of the European Union. Such legal measures, practically unlimited, were aimed for the growth of small and medium-sized enterprises. The thoughts are divided. While some governments around the world, as well as organizations or industry leaders, have explicitly called for self-regulation or ignore laws, some believe that clearer rules regarding the sale, distribution, trading of cryptocurrencies will bring benefits rather than interfere with the crypto industry. Many will follow any kind of regulatory frame One of the founders of the LGO exchange, Frederic Montagnon, stated that the worst thing that can happen to an entrepreneur is to start developing his business in spaces without fixed regulations, and ultimately finds himself in an imposed unfavorable regulatory framework that could jeopardize the company. AMF's first-person, Anne Marechal, added that, at the moment, several crypto-exchanges are in negotiations on the regulatory framework with this financial watchdog of France, which is also ready to approve "three or four" ICOs. Specificities are expected after the supervisory authority publishes regulatory guidelines. http://www.jolly5-mining.com/

One More Town in Canada Is Introducing Bitcoin For Tax Payments In a press report published on July 15, Coinberry revealed it had begun negotiations with one Canadian city to provide Bitcoin payments for property taxes. ... Second municipal partnership for tax payments with Bitcoin Coinberry is a trading platform and Canadian crypto solution provider. It struck one more municipal collaboration, this time with the City of Richmond Hill in the Greater Toronto Area. The Council voted on July 10 in favor of cementing an agreement with Coinberry to support Bitcoin (BTC) property tax payments for citizens and firms in this town's jurisdiction. In less than a six months, Coinberry made second municipal venture within this new partnership. The firm previously implemented the same crypto payment method with the Town of Innisfil, in the same rea of Toronto. The role of the Coinberry Besides being a trading platform service, Coinberry is a Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). It is a registered firm that has been converting multiple cryptocurrencies into Canadian dollars to compensate property tax payments with Innisfil town. This way, the municipality itself does not hold any crypto directly. The company offers the same solution for Richmond Hill. After they finalized the negotiations, the municipal of this Canadian city expected to report back on the possibility they could implement Coinberry's technology for further payments of other City expenses and more services until the September 30. The Council's of the Richmond Hill made an affirmative vote in favor of crypto payments. It means that the city is legally authorized to enter into a contract with Coinberry as soon as they complete discussions. The municipality's deputy mayor Joe di Paola indicated that the city believes that the need for a cryptocurrency payment opportunity is only going to improve in the future years. It is a millennials' thing. The City Council saw the successful implementation of a crypto payment method in Innisfil, and since there was no expenses and no risk to do the same, the municipal made the decision. Tax payments by Bitcoin first in Ohio, U.S. Previously, the state of Ohio became the first to authorize businesses to pay taxes using Bitcoin. Companies are allowed to settle 23 different taxes with crypto within an online portal that was set by the state treasury office. http://www.jolly5-mining.com/

Blockchain Patent From The Largest Korean Credit Card Firm Shinhan Card Blockchain-based payment system According to The Korea Times, the most famous South Korean credit card company, Shinhan Card, has received a patent for a payment system that will be using a blockchain.... In the same press release, it was also announced that the representatives of the financial group Shinhan are delighted that they have developed such a "first in the world" service based on blockchain technology. Furthermore, the new technology offers the functionality of credit cards, including the setting of a cost limit, the making of monthly installments and payments to traders. Officials of Shinhan Card about a new patent The company told Korean media that services that use these principal credit card features would expand to a blockchain-based system. The company thinks this is a significant improvement, with most blockchain-based services limited to wiring cash or identifying users for online transactions. The new patent could, according to them, introduce credit cards without cards. Such transactions would allow payment system users to use simple applications on their smartphone devices. In such a development process, such news would disrupt the traditional card system based on three intermediaries: a credit card company, another to a value-added network provider (VAN) and, finally, a payment network. Shinhan Card Company concludes that the patent was acquired approximately a year and a half after they started a feasibility study, including technological reviews. The filing of a patent on the official website of the Korean Information Services for Intellectual Property Rights may provide an overview of the invention through an informal translation. "A blockchain generating unit for generating a blockchain including a virtual currency made by a credit limit of a consumer and updating the blockchain according to the payment particulars, and a transaction creating unit for storing transaction conditions corresponding to each of the plurality of accounts and for making settlement using the blockchain according to the transaction conditions " Shinhan Card wants to extend credit patents to Europe, USA, Japan, China, Vietnam, and Indonesia Earlier this year, a related company - Shinhan Bank stated it was using blockchain technology to speed up the process of approving credit products. In particular, the bank would use the blockchain platform to verify the evidence needed for credit lending, such as qualification or certification documents. http://www.jolly5-mining.com/

What Is the Cheapest Place For Crypto Mining? The crypto winter is finally over. It lasted for almost the whole of 2018 and got across into 2019. All those who survived are now preparing for another crypto market era, hoping to be ready this time if such a collapse occurs again. ...Continue reading

Opera's New Built-in Crypto Wallet Now Supports Bitcoin and Tron Opera's Built-in Crytpo Wallet version 53 beta The popular internet browser, Opera, announced the Android Opera version 53 beta, a crypto wallet that just starts backing Bitcoin (BTC) and Tron (TRX). In an official blog post from July 10, the internet browser developer announced that customers who use Opera for Android now have the opportunity to send and receive BTC, TRX, and TRC-10 standard blockchain-based t...okens. Web 3.0 Also, the webpages can demand and receive addresses for users to complete their bitcoin transactions. Opera describes this other functionality as "an experimental integration of Web 3." This term was initially minted to refer to the ambition to develop a semantic internet and is frequently used to refer to the evolution of a more intelligent, open and distributed web, concerning the blockchain usage, decentralized computing, and cryptos. To recall, Opera's built-in crypto wallet already supports Ether (ETH) and ERC standard tokens. As the company's blog post suggests, bringing bitcoin support to Web 3.0 will help the asset to be used not only for speculation and the storage of value but also for payments. Within the new Android version, Opera had initially launched TRX and TRC-standard token support for its built-in crypto wallet this May. The internet browser has incrementally rolled out various developments of Web 3.0, wallet and decentralized application (DApps) interactions for its suite of browsers. In the same time, the firm has continued to explore the development of future blockchain apps within its other products and ecosystem, bu using a partnership with blockchain advisory and financial services firm Ledger Capital. Other side' blockchain-based smartphone projects Other significant players who are developing blockchain smartphone field include electronics supplier Sirin Labs. This company launched its first blockchain-based smartphone last year in winter, with a cold-storage crypto wallet and that also holds the possibility of encrypted communications. One more electronics giant HTC also rolled out in-wallet cryptocurrency trading this spring, for its users - the blockchain-powered Exodus 1 smartphone and Exodus 1S smartphone. And at the end, a technology giant from South Korean Samsung launched the Galaxy S10 smartphone includes storage for private crypto keys published the release of its blockchain and Decentralized App Software Development Kit. http://www.jolly5-mining.com/

Libra's Technical Documents Left Out Some Basic Components of User Security Facebook aims to transform the global economy by launching its cryptocurrency Libra. It's a considerable aim, indeed. But, there are some opinions that Libra is missing something quite important. Steven Sprague, ex-president, and C.E.O. of Wave Systems Corp. thinks, after the review of the technical documentation detailing the Libra protocol and its planned ecosystem, it is evident that Facebook left...Continue reading

House of Representatives Committee in the U.S. Demanded the Suspension of the Stablecoin Project Libra The Financial Services Committee of the United States House of Representatives sent a letter on July 2 to the Executive Director and Facebook founder, Mark Zuckerberg, with a purpose to demand postponement of the stablecoin Libra development. With this document, from CEOs Mark Zuckerberg and David Marcus and COO Sheril Sandberg, the legislature urges the social network giant... to accept the moratorium on the Libra and its Calibre digital wallet. The Committee lists the reasons for stopping Libra The reason for this letter comes from the Committee's conviction that the Libra project can lead to the creation of an entirely new global financial system. Given that it is based in Switzerland, it can be opposed to U.S. monetary policy and the U.S. dollar. They want to avoid significant consequences, because, judging by the above, this raises serious concerns about privacy, trade, national security, and monetary policy. Not only more than 2 billion Facebook users are endangered, but also investors, consumers, and the economy in a more comprehensive way. Furthermore, the Committee in the letter draws attention to cybersecurity, which could potentially lead to the loss of uninsured deposits for three billion dollars. Consumers could be exposed to severe problems of privacy and national security. We all remember that this leading social network had a problematic past with user data, which the Committee further states as a worrying fact. It is considered that if the Libra moves to develop without adequate legal regulation and without sufficient control, it can represent systemic risks that jeopardize the U.S. and global financial stability. It is imperative that Facebook and its partners immediately terminate the implementation of plans Therefore, the Committee demands that it cease Libra's development as long as the regulators do not investigate the possible risks mentioned above. During the proposed supervision public hearings will be held on the potential risks and benefits of the system and to investigate legal solutions. In the continuation of the letter, the United States House of Representatives Committee on Financial Services considers that, if Facebook does not meet their requirement, is risking the failure of a new financial system that is too large to fail. Libra confronts the trust issues The letter was sent two days ago and already has over 30 advocacy groups that are signatories at the Congress request. The goal is to introduce the control of regulators on the development of Libra. Also, Nobel Prize winner Joseph Eugene Stiglitz gave his belief, explaining that every currency is developing on trust, but the only fool would believe Facebook. http://www.jolly5-mining.com/