Italy: Airport employee abuses computer systems for ETH mining

An Italian airport employee used his employer’s computer systems to secretly mine cryptocurrencies.

An Italian airport employee is said to have misused the computer systems at his workplace to mine the cryptocurrency Ethereum ( ETH )

According to a report by the Italian news channel Rai News , the man who works at the airport in the Italian city of Lamezia Terme is said to have fed mining malware onto the airport’s computer systems, and several mining rigs are said to have run over the airport’s systems be what was only noticed by surveillance cameras.

The IT service provider Sacal Global Solutions is responsible for the computer systems of all airports in the Italian region of Calabria. Accordingly, the 41-year-old airport employee is said to have hooked up to Sacal’s systems in order to be able to install the relevant mining malware.

However, this process is said to have created a considerable security risk, as the media report says

“In cooperation with the airport administration, the investigators examined the IT network and found a veritable“ mining farm ”in two server rooms that was connected to the external internet via systems used to manage the airport. In addition, the airport’s power supply was used for this, ”as Rai News explains. And further:

“The investigation, coordinated by the Lamezia Terme Public Prosecutor’s Office, relied on technical procedures that made it possible to trace the IP addresses of the machines used in order to find out where the ‚Ethermine pool‘ (the one used for mining the cryptocurrency Ethereum was used) is located on the airport system. „

The use of mining malware is not uncommon. During the great crypto hype of early 2018, this type of malware is said to have plagued almost 55% of all companies around the world .

PayPal no longer serves domain registrar Epik because of „alternative currency“

The domain registrar Epik claims that this step is politically motivated and should take the platform away from the conservative voice.

According to an article on Mashable, PayPal no longer serves the domain registrar Epik because there is a risk that the company will do money laundering via its „alternative currency“ Masterbucks

In a series of open letters, however, Robert Davis, senior vice president of strategy and communications at Epik, suggested that with this move, conservative voices should be deprived of the platform.

Bitcoin Cycle offers domain services to right-wing extremist websites, including Gab and the Proud Boys. Threat e-mails were recently sent to democratic voters via the „Proud Boys“ domain. Iran is said to have been the mastermind .

The Masterbucks currency is the epic solution for the „lack of conventional liquidity“. According to the company, this is „one of the greatest structural challenges that the domain industry has to overcome today“.

Masterbucks can be used for transactions within the Epik network or converted into US dollars

An archived version of Epik’s Masterbucks website also advertises the currency’s tax benefits. However, this has since been removed.

An unnamed source, cited by Mashable, claimed that Epik failed to meet legal requirements for such a currency and is calling for tax evasion. PayPal reportedly notified Epik of the issues over a month ago and tried to find a solution before the account was supposed to be closed for good.

How Cointelegraph reported PayPal announced last week that in 2021 in the cryptocurrency market to want to enter. Users should be able to make payments in Bitcoin ( BTC ), Ethereum ( ETH ), Litecoin ( LTC ) and Bitcoin Cash ( BCH ).

Ethereum-DeFi: The Top 5 Decentralized Exchanges (DEX)

Recently, more and more decentralized exchange (DEX) tokens have come onto the market. But what are currently the largest DEX tokens? The five largest decentralized exchange tokens are examined below.

In addition, the popularity of decentralized exchanges has increased dramatically in the last few months. Uniswap even overtook Coinbase in September, recording a trading volume of $ 15 billion

The main advantage of a Bitcoin Union is that it does not have a central intermediary. As a result, you no longer have to hand over your assets to a central exchange, but remain in control of your cryptocurrencies. In addition, various coins can be listed on a DEX without much effort. In addition, users have more privacy, less market manipulation, sometimes better liquidity and often an accessible user interface.

However, for some trading pairs, the decentralized exchanges need to improve the depth of liquidity, accelerate the speed of order execution, and lower the fees. Even if the trading volume on the decentralized exchange decreased in October, a clear trend of steady growth can be seen.

SushiSwap (SUSHI): Market capitalization $ 67 million

SushiSwap is a fork of the Uniswap protocol . The SUSHI token grants the holder control over the decentralized exchange protocol and pays part of the collected trading fees plus the SUSHI token to the liquidity providers.

In addition, for the governance of the protocol, SUSHI token holders can submit a SushiSwap improvement proposal (SIP), which the community can vote on with SUSHI tokens.

The aim of SushiSwap is to be a further development of Uniswap. But after Uniswap has distributed its UNI token , the two DEXs are even more similar than before.

The main difference is that some key parameters such as trading fees and the amount of payouts to liquidity providers are different. SushiSwap strives for a fairer distribution of profits and also wants to give smaller investors the opportunity to provide profitable liquidity.

Classic currencies soon to be outdated? This crazy financier predicts the Bitcoin standard

Bitcoin, THE reference? – Until recently in the history of mankind, almost all of the world’s currencies were backed by the millennial stability of gold. Since August 15, 1971, currencies have been wandering in a fluctuating uncertainty, the floating exchange rate regime. But perhaps a new monetary standard is about to be born from the ashes of the golden metal: Bitcoin (BTC).

A Bitcoin standard, after the famous Gold Standard?

Jeff Booth is the author of the book „Tomorrow’s Value: Why Deflation is the Key to an Abundant Future“ (published in January 2020). He is convinced that the massive monetary impressions of central banks will eventually kill fiduciary currencies, based on trust in the issuing states.

Crisis and magic money – helicopter drop

In a recent interview with Cambridge House International, Jeff Booth explains why he thinks Bitcoin could become the world’s reserve currency:

„Bitcoin is becoming a very good choice to protect one’s wealth because it cannot be confiscated (…). I think Bitcoin will continue to grow (…) if it continues to grow like this, I think that one day other currencies will be backed by Bitcoin (…). I think it is very likely that Bitcoin will become the new reserve currency of the world. »
Bitcoin, the ultimate cure for future hyperinflation?

With the state printing presses running at full speed – led by the U.S. Federal Reserve (FED), Jeff Booth details what he sees as the logical next step:

„All [monetary] printing will directly enrich asset prices and is stolen from the real economy…. What will follow is MMT (modern monetary theory), helicopter money (printed money distributed to individuals) and all the rest. Once the FED has lost all its credibility, it is the royal road open to inflation (…). »

Although he personally owns both gold and bitcoin to diversify and not put all his eggs in one basket, Jeff Booth still prefers the last of the safe havens:

„I’m much more optimistic about Bitcoin for a variety of reasons. I think it could be the new gold (…). Bitcoin works through the network effect (…) when currencies collapse and security becomes an issue, the mobility of gold becomes problematic, while the mobility of Bitcoin becomes an overriding advantage. »

To make matters worse, Jeff Booth explains that with the arrival of the Covid-19 since the publication of his book (in January), the situation has accelerated sharply. This brings the spectre of widespread hyperinflation for fiat currencies even closer.

Will Bitcoin eventually play a greater role in the global economy? Will gold be dethroned as the world’s currency reserve? It is still too early to say, but the unbridled monetary policies worry some commentators who are usually reluctant to engage in catastrophic diatribes.