Microsoft Helps Hospitals Fight Ransomware Amid Coronavirus Pandemic

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If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Riot Crypto Mining Firm to Cough Up $728K For Disgruntled Investor

Riot crypto mining firm lawsuit News teaser

Riot Crypto Mining Firm to Cough Up $728K For Disgruntled Investor

It looks as if Riot Blockchain Inc. will be found in breach of the contract it has with investor Barry C. Honig. According to an April 3 civil action in federal court in New York, the crypto mining company owes him at least $728K for attorney bills so far.

Riot Crypto Firm in Breach of Contract

During the action, Honig claimed that he was promised indemnification by Riot Blockchain. According to the agreements entered into by both parties in March 2017,  the would cover any legal fees against him. The signed documents:

contain robust indemnification provisions which require defendant to defend and indemnify Mr. Honig and GRQ against any subsequent lawsuits.

And multiple lawsuits, indeed, Mr. Honig has suffered regarding alleged securities fraud concerning Riot in 2018. In one example, Honig spoke of a recent SEC investigation against Riot that had been concluded. However, he also faces a proposed shareholder class action in New Jersey as well as no less than five separate shareholder derivative actions.

The Riot investor “vigorously denies each and every one of the claims asserted against him in those proceedings.” However, he has “expended significant sums to mount his defense”.

More Legal Costs to Come on Top of $728K Total

He demanded that Riot (who has refused to meet its obligations thus far) cover his legal costs for representations in all the suits. He also said that on top of the $728k he had already spent, he would also face significant more costs ahead. On Monday, Honig said:

In the contracts between the parties at issue in this action, defendant agreed that the state or federal courts in New York shall have exclusive jurisdiction over any disputes arising out of or in connection with parties’ agreements at issue in this proceeding, and expressly waived any objection to this Court serving as a convenient venue.

Moreover, he argued that Riot Blockchain certainly has the funds to fulfill its obligations. He showed the company’s most recent quarterly report, showing assets valued at $20,324,236.

Honig’s attorney, Robert Weber told Law360:

The language of the agreements are black and white… Riot has an obligation to indemnify Mr. Honing for the defense fees that he incurred in the various lawsuits and hasn’t done it, and frankly, forcing us to file us to go to litigation is ultimately going to be a waste of Riot shareholders’ money.

What do you make of Honig’s claims against Riot crypto mining firm? Add your thoughts below!

Images via Shutterstock

France: Crypto Firm Coinhouse Registers with Financial Regulator

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‘Ship-to-Ship’ Trade and Other Secrets of North Korea’s Illicit $1.5B Crypto Stash

Experts looking at how North Korea continues to import and export goods despite numerous sanctions agree the country’s $1.5 billion cryptocurrency war chest is used to fund an illicit web of trade networks and supply chains.

Blockchain analytics company Chainalysis said it is “comfortable” with the $1.5 billion figure stated in a recent webinar (a significant increase on various estimates made last year, ranging from about $200 million to $500 million for the amount of crypto amassed by the Hermit Kingdom). 

Jesse Spiro, global head of policy and regulatory affairs for Chainalysis, told CoinDesk it’s logical to assume North Korea’s ill-gotten crypto is being moved in trade-based money-laundering networks. 

“When it comes to trade-based money laundering, the issue, especially for sanctioned actors, is cross-border money movements,” said Spiro. “When you talk about how North Korea could actually execute this in relation to finances, I certainly believe crypto is used to facilitate it.”

Priscilla Moriuchi, head of nation-state research at Recorded Future and a non-resident fellow at Harvard’s Kennedy School of Government, pointed to recent examples of the Democratic People’s Republic of Korea (DPRK) moving crypto across borders in the latest U.S. Department of Justice indictment of two Chinese nationals involved in laundering over $100 million of crypto. 

The “logical conclusion” is North Korean is using cryptocurrencies to fund trade networks, said Moriuchi. Evidence documenting this cross-border movement is still in the early stages of being published, she said. 

“I believe it is happening but that we have not been able to document the end-to-end lifecycle yet. We have many pieces of the puzzle we just do not have the complete picture,” Moriuchi said.

Sleuthing by Chainalysis has mapped flows of crypto stolen by North Korean hackers moving to exchanges. As with Moriuchi, the analytics firm has yet to detect concrete links to global trade networks. 

“There may be active law enforcement or government investigations into this,” said Spiro. “But even if we were privy to anything like that, it’s not something we would be able to discuss.”  

Neither the U.S. Treasury Department nor the Justice Department replied to requests for comment by press time.

Two if by sea

A reliable way for DPRK to circumvent sanctions involves ship-to-ship transfers, the process of moving cargo from one ship to another in the open sea rather than at a port. This can sometimes involve switching off a vessel’s automatic identification system (AIS) or using flags of convenience, where a ship is registered in a country other than that of its owners.

In March 2019, a report by a United Nations Security Council panel of experts highlighted a massive increase in illegal ship-to-ship transfers of petroleum products and coal, in defiance of U.N. resolutions relating to North Korea’s nuclear and ballistic missile programs. 

Another key area is cyber activity, including a firm focus on cryptocurrency. The U.N. report points to at least five successful hacks of crypto exchanges in 2017-18. In addition to targeting exchanges, North Korean hacking groups collect cryptocurrency from ransomware attacks and some mining of coins also takes place.

“Given the increased anonymity of cryptocurrencies, newly mined cryptocurrency can be used to facilitate sanctions-evasion activity,” the report from the U.N. panel of experts states.

According to the Royal United Services Institute (RUSI), a U.K.-based security think tank, North Korea uses crypto to pay directly for goods and resources that are explicitly prohibited by international sanctions. Other crypto uses include fundraising with the aim of converting to fiat, or simply stockpiling coins in the hope that prices increase.

As well as directly purchasing sanctioned luxury goods, North Korean actors could use cryptocurrencies to pay for trading services, the RUSI report continues, such as making payments to shipping companies, brokers or other intermediaries who might be willing to accept payment in crypto coins.

“There are all these middlemen that North Korea absolutely needs in order to be able to export goods like seafood or to be able to place workers overseas,” said Kayla Izenman, research analyst at RUSI. “You have to pay these people somehow and a logical way would be to use crypto.”

Using peer-to-peer crypto transactions to lubricate DPRK’s trade network also means less reliance on sifting funds through certain Chinese banks, which are seeing a clampdown from U.S. regulators.

It also reduces the need to carry undeclared bulk cash, which on occasion gets detected. In October of 2018, for example, the captain of a DPRK vessel was detained at customs in Vladivostok, Russia, carrying $180,000 in black plastic bags.

‘Well-run apparatus’

Since 2016 there has been an attempt to clamp down on North Korea’s coal exports, which used to earn the regime about $1 billion a year. But less attention has been paid to other sanctioned sectors including exports of textiles (earning $760 million per year), seafood ($300 million), iron and lead ore ($360 million), according to RUSI.

This network of supply chains can be combined with North Korea’s technical advancements in areas like crypto, which far outweighs attempts made by other sanctioned countries like Iran or Venezuela, said RUSI’s Izenman. 

“North Korea has been doing this for so long and has such a well-run apparatus both within hacking and sanctions evasion, it makes sense they would link those up,” she said.

This “well-run apparatus” comprises technical universities that essentially teach people how to become hackers for the North Korean government.

“That’s all they do, and there are hundreds of them,” said Izenman. “All these subgroups and different bureaus and they all do slightly different things. It’s very clear how much better they are at this than any other nation-state.”

DPRK even organized the Pyongyang Blockchain and Cryptocurrency Conference, an event which led last year to the controversial arrest and indictment of Ethereum developer Virgil Griffith for sanctions violations. The event was scheduled to take place again in late February but may have been postponed because of the coronavirus outbreak. 

Curious case

Further insight as to how North Korea is thinking about combining blockchain with illicit trade can be found in the curious case of an Ethereum-based blockchain project called Marine Chain, which also gets a mention in last year’s U.N. Security Council report.

Back in October 2018, the U.N. panel was informed that Hong Kong-registered Marine Chain, which would tokenize ownership of vessels, was backed by at least one DPRK individual. 

It’s unclear whether Marine Chain was expected to go into production, or if it was simply a means to raise funds via an initial coin offering (ICO). In any case, the project’s shady owners vanished soon after being contacted by security officials. 

“The platform could be used to generate money for the regime and as a potential means of evading sanctions on shipping by creating a new method of obscuring the ownership of a vessel,” the U.N. report stated.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.






DeFi方面,自2月15日创下12.35亿美元的历史峰值后,随着市场持续低迷,加之bZx连续遭遇攻击带来的负面影响,DeFi生态中锁定的资产总价值持续走低。不过,该趋势最近似乎已出现逆转,DeFi Pulse的数据显示,自3月23日触及4.87亿美元的阶段性低点后,DeFi生态中锁定的资产总价值已开始逐步回升。截至发文,总价值约为7.42亿美元。


技术分析上OKEx Research首席研究员William在接受巴比特采访时表示,「自今年以来,加密数字货币市场常常在1个月左右的时间,出现一次重大趋势的反转,为此,我们用5日移动平均线与30日移动平均线来分析市场趋势。从下图可以看出,MA(5)在4月5日向上击穿MA(30),发出上涨的信号。当然MACD线更灵敏一些,在3月22日即发出了买入信号;目前MACD线仍处于零线下方,这预示ETH市场尚未进入超买状态,未来仍然存在一定上涨的空间。



3月31日,以太坊联合创始人Vitalik Buterin表示,以太坊2.0团队可能会在4月推出多客户端测试网。此外,技术安全公司Least Authority完成对ETH 2.0规范的审核,针对审计报告中提出的潜在的安全问题,Vitalik称,ETH 2.0团队正在努力解决安全漏洞。同日,以太坊2.0研究员Danny Ryan表示,第0阶段(Phase 0)代码规范更新至最新版本v0.11.1。4月1日,Vitalik Buterin提出改进以太坊隐私性计划,利用以太坊域名系统实现地址隐藏。







Crypto Exchange Bitfinex Launches Staking Rewards Program


Crypto Exchange Bitfinex Launches Staking Rewards Program


On Tuesday (April 7), digital asset exchange Bitfinex announced the launch of its Staking Rewards Program, which “allows users to earn rewards by holding funds on the exchange.”

In a press release shared with CryptoGlobe, Bitfinex, which was founded in 2012 and is based in the British Virgin Islands, said that this program would allow Bitfinex users to earn staking rewards “as high as 10% per year.”

Bitfinex also mentioned that the staked cryptoassets “will be held safely, utilizing Bitfinex’s secure in-house custody solution”, and that a staked digital token is “delegated by the exchange, meaning that the tokens remain in the platform’s control, secured in the same manner as other tokens.”

Paolo Ardoino, the Chief Technology Officer at Bitfinex, had this to say:

“We’re committed to engaging our existing users and the wider community with new products and innovations.

“The Bitfinex Staking Rewards Program provides our users with another avenue to increase their holdings on our platform.”

On Tuesday (March 24), crypto exchange Bitfinex announced that it has “deployed a proprietary surveillance tool — Shimmer — to combat market abuse and help promote orderly trading on the exchange.”

Featured Image Courtesy of Bitfinex

CargoSmart, Tesla and Cosco to Pilot Blockchain Tech in Cargo Release Process

What can I do to prevent this in the future?

If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.

If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

Bitcoin Community Funds Italian Red Cross Medical Facility to Combat Coronavirus

Bitcoin (BTC) donations are helping save Italian lives and protect first responders on the front line of the battle against Covid-19, according to Helperbit, a disaster management platform based on blockchain.

On April 5, an Advanced Medical Post (AMP) for pre-triage was erected by the Italian Red Cross in Castel Gandolfo, a town near Rome.

Set up in conjunction with the Colli Albani Committee, the AMP was purchased using bitcoin donations that were part of a fundraising campaign focused on the COVID-19 emergency in Italy. The campaign raised €29,350 (around $31,828) in bitcoin.

AMPs are mobile medical centers used in times of crises to assess patients who may be in need of immediate medical assistance. In Italy, they’re helping medical professionals combat COVID-19 by acting as a point of contact for those potentially infected with the novel coronavirus, who then receive testing and advice.

Italy has been among the worst-affected nations during the pandemic. Over 15,800 have now died from the illness – around a quarter of the global total. However, the daily increase in deaths has now started to drop, bringing hopes that the worst may be over.

Beginning on March 13, the donations effort set up by the Colli Albani Committee managed to raise €10,000 ($10,825) in bitcoin in as little as three days.

The BTC funds have been used to purchase materials needed to build the AMP, which is now fully operational.

“We are happy to have turned the received donations into a tangible aid. We are excited to have received so much help from the bitcoin community,” said the president of the Colli Albani Committee, Bruno Pietrosanti, in a Helperbit blog post.

The campaign closed on April 7, having raised more than its target of 3.6873 bitcoin.

Disclosure Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

QKL123行情分析 | 巴菲特割肉打脸,全球疫情放缓,比特币走减半利好?(0407)


今日10时30分,8BTCCI大盘指数报10641.95点,24小时涨跌为+9.79%,反映大盘快速上行。比特币强弱指数报93.42点,24小时涨跌-5.12%,山寨币在整个市场的相对表现明显变强;ChaiNext USDT场外折溢价指数报101.41,24小时涨跌为+0.14%,USDT场外溢价水平略有上升

























1. 8BTCCI大盘指数





ChaiNext USDT场外折溢价指数(USDT OTC INDEX)由 USDT/CNY 场外价格除以离岸人民币汇率再乘以 100 后获得。指数为100时表示USDT平价,指数大于100表示USDT溢价,小于100则表示USDT折价。















回调幅度为 上涨差值/上一轮下跌的差值,3653.76/6700=54.53%,可以看到BTC的回调幅度还没有超过0.6。