Useless Ethereum Token (UET) Sees Significant Pump (Cryptovest.com)
Cryptocurrencies are surprising in many ways. Now, a token created as a funny warning, is doing the improbable. Useless Ethereum Token (UET), an asset that gathered more than $340,000 in an ICO last year, is having a pump on the HitBTC exchange. The coin is up more than 300% in the past day, as trading volumes exceeded 300ETH. The suddenly dramatic chart still happens on a relatively niche market, but still, the event looks much like a pump on a token that rarely saw any action, beyond a few hundred dollars’ worth of trades.
This Blockchain Startup Sold The Most Expensive Crypto Ever (Benzinga)
Elastos, a new open-source platform, is aiming to bring blockchain to the masses with a new “smart web” platform that it says is secure, platform-agnostic and respects digital rights. But there’s another reason why the China-based blockchain startup is getting media attention. The Elastos Foundation recently launched what is so far the most expensive token crowdsale in history with an initial price of 800 ELA tokens per 1 bitcoin (BTC). Most crypto crowdsales feature an initial token price of pennies on the dollar: usually between $0.01 to $0.20. Low initial prices are meant to entice investors with a large upside on the backend.
Another Blockchain ETF Has Launched (CoinDesk)
An exchange-traded fund focused on companies that are working with blockchain or are eyeing applications of the tech has launched today. Innovation Shares LLC’s NextGen Protocol ETF (ticker symbol: KOIN) went live on the NYSE Arca exchange this morning. As of press time, price data via though NYSE shows that trading has begun. The information, as of 9:46 a.m. EST, shows a volume of 2,100 and a price of $24.88 per share. The firm backing the ETF said it is deploying artificial intelligence in a bid to track and include notable companies, with an emphasis on stocks that have a “current or future economic interest in blockchain technology.”
Cryptocurrency Mining Malware That Uses an NSA Exploit Is On the Rise (Motherboard.vice.com)
A computer security exploit developed by the US National Security Agency and leaked by hackers last year is now being used to mine cryptocurrency, and according to cybersecurity experts the number of infections is rising. Last April, a hacking group called the Shadow Brokers leaked EternalBlue, a Windows exploit that was developed by the NSA. Less than a month later, EternalBlue was used to unleash a devastating global ransomware attack called WannaCry that infected more than 230,000 computers in 150 countries. A month later, in June, the EternalBlue exploit was again used to cripple networks across the world in an even more sophisticated attack.
YouTube Ads Invaded by Hackers to Mine Cryptocurrency (Phoenixsun.co.za)
Ads on YouTube have recently been targeted as a source to mine cryptocurrency. The mining software invaded the video platform in an attempt to secretly use the computing power from any YouTube viewers who encountered the ads. “Google’s ad network have been abused by hackers seeding the advertisements with web scripts that’ll run over your browser in order to mine the digital currency Monero.”
