Opportunistic cybercriminals are capitalizing on the death of basketball legend Kobe Bryant earlier this week by setting booby-traps for those searching for mementos of the star. According to a tweet by Microsoft Security Intelligence on Jan. 31, hackers are hiding malicious html code containing a cryptojacking script in desktop wallpaper of the NBA all-time great.
Cryptojacking is a practice whereby cybercriminals hijack processing power from other computers to mine cryptocurrencies remotely.
Following the tragic helicopter crash which claimed the lives of Byrant, his 13-year old daughter, and seven other occupants, there has been increased interest in the star from both fans and the general public.
Perhaps unsurprisingly, it did not take long for cybercriminals to take advantage of this. An increasing number of people searching for information and images of the star is just a fresh crop of potential victims.
The Microsoft team found the malicious html file, Trojan:HTML/Brocoiner.N!lib with its Defender Virus Protection software. The coin mining script was disguised as a desktop wallpaper featuring an image of Bryant. The website hosting the coin miner was blocked by the software.
Reminiscing or cashing in?
As Cointelegraph reported, Bryant’s death brought an outpouring of grief from across social media, including a personal account from Tron founder Justin Sun. Bryant was an avid supporter of crypto, and Tron in particular, having discussed the future of blockchain with Sun on stage at the niTROn conference in 2019.
As a gesture of respect, Sun announced that this year’s niTROn conference would be dedicated to the star. However, given Sun’s prior history of dubious promotional methods, some on social media were quick to criticize this move as a shameless cash-in.
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Following yet another extended period of sideways trading within the lower-$7,000 region for the latter part of the week, Bitcoin was able to incur some further momentum overnight that led it to highs of $7,300. This ongoing upswing marks bulls attempt to push the benchmark cryptocurrency past multiple key resistance levels that were previously hampering its growth, with the next overhead resistance existing at $7,400. One analyst is noting, however, that BTC may not be able to surmount these levels in the near-term, primarily due to a notable amount of large sell orders popping up on Coinbase – potentially placing some drag on the crypto that leads it lower. Bitcoin Bulls Target Movement to Key Resistance After Breaking Above $7,200 At the time of writing, Bitcoin is trading up just over 2% at its current price of $7,220, which is around the level at which the cryptocurrency was previously facing significant resistance. As BTC ranged sideways throughout most of Thursday and Friday, bulls attempted to push past this level on multiple occasions, with each one being met with significant selling…Apr 19, 2020
Join us for our weekly Coronavirus (COVID-19) and cryptocurrency updates. On the channel we’ve been following the situation with the Coronavirus since its early days in January 2020 when it was rampant in China, to the global pandemic it is now. In our discussions we look at the key news that’s happening and with a particular focus on the situation in Asia. We also take a look at the latest cryptocurrency news and developments in blockchain technology. Our aim is to have rational discussions based on science and try to see through any speculation and sensation. All the while sharing our personal experiences in our live chat and keeping our community’s spirits up during these times. Meanwhile, to learn more about the Coronavirus and its impact on the economy and cryptocurrency markets, check out our article- Corona Virus Outbreak – List of Important Information. Event Time: Monday April 27th 2020, 03:00 UTC Livestream link: https://youtu.be/jRmt3INdPe8 Related Previous articleWebinar 28th April: China’s Digital Currency DCEP I’ve been involved in the Bitcoin and Blockchain space since 2012. Something I notice right away…Apr 26, 2020
The Fed’s market intervention is exacerbating wealth inequality. The central bank’s cash injections have driven stock prices higher. As the wealthiest households own the majority of stocks, their wealth has increased while the poor have less money. In an ideal world, the Federal Reserve’s interventions would help those who need it the most. But in reality, a recession hits those with fewer resources the hardest. The Fed’s interventions help more the rich than the poor as they boost stock valuations. The Rich Are Getting Richer While The Poor Are Getting Poorer A higher proportion of high-income Americans have kept their jobs and savings during the pandemic than low-income Americans. Unemployment afflicts about 40% of workers making less than $40,000 compared with only 13% for those making more than $100,000. Net savings rates have increased among the top 1% richest U.S. households, while it has decreased for the bottom 90%. Wealth inequality in America. | Source: Twitter Wealth inequality will likely accelerate in 2020. As absurd as it may sound, rich people have been getting richer during the pandemic. In the…May 24, 2020
The countdown before Prince Harry and Meghan Markle officially break from royal life is winding down. Insiders wonder if Meghan was ever up for the trials and tribulations of the lifestyle. Lady Anne Glenconner believes that Meghan thought royal life consisted of driving around in a golden coach. It’s evident that most Meghan Markle fans don’t understand how the royal family operates. We should give them a pass, though, because it’s even more clear that Meghan never realized what becoming a royal actually meant either. According to recent comments from former lady-in-waiting Lady Anne Glenconner, Meghan harbored wildly-unrealistic expectations about royal life. I think she thought she could drive around in a golden coach. Sorry Meghan, that’s only true if you’re a character in a Disney cartoon. And no, having your royal husband beg to have you do voice-overs for Disney doesn’t count! There’s more to being a royal family member than being famous It seems pretty apparent that Meghan Markle vastly underestimated what being a member of the royal family entails. Lady Anne has been with the royal family…Mar 29, 2020
Nestlé has added its Zoégas coffee brand to the IBM Food Trust blockchain and partnered with the Rainforest Alliance to bolster the coffee’s data traceability. ,Apr 7, 2020
The original ultra-scarce asset used for trade, as a currency, and a recession-proof store of wealth – gold – just had its strongest daily and weekly close since 2013. The precious metal rose sharply after an initial crash in 2008 when the recession first began but later went on a multi-year rally that ended when the economy eventually recovered. Is history yet again repeating, and is gold preparing for a multi-year bull run and new all-time highs? Gold Prices Continue to Rise, Reaching Great Recession Levels Gold as a commodity is all around us, causing much demand for an extremely limited supply. The precious metal is a powerful semi-conductor used in nearly every electronic’s circuitry today, is used in Dentistry as a filler, and has a number of unusual uses in the aerospace and medical fields. But it’s most common uses are as an investment or as a sign of wealth – typically by way of jewelry and other ornate decorations. Related Reading | Surging Demand and Seized Supply Spark Rapid Growth in Tether’s Digital Gold The shining precious metal…Apr 10, 2020
Right on cue, Peter Schiff, a prominent cryptocurrency critic, has come out to bash Bitcoin (BTC). This time, the prominent libertarian investor has suggested that the leading crypto asset is preparing to drop by upwards of 80% to $1,000. More specifically, Schiff said that Bitcoin is nearing the neckline of a head and shoulders chart pattern, which suggests that if it’s broken, a measured move to $1,000 will be had. #Bitcoin is nearing the neckline of the head-and-shoulders top I pointed out before the Oct 25th 40% pump. The right shoulder is now shrugged and the neckline slanted and parallel to the shoulders. If it breaks the price objective for the dump is $1,000 to complete the pattern. — Peter Schiff (@PeterSchiff) November 21, 2019 This comes just a month after he asserted that Bitcoin’s price chart “looks horrible.” He remarked that the “(bear) flag that followed the recent breakdown projects a move to $6,000.” He continued that not only did Bitcoin fall out of a flag, “but we are [also] close to completing the right shoulder of a head…Nov 22, 2019
Many cryptocurrency enthusiasts are wondering how things will progress for IOTA. Following an outage of nearly three weeks, the coming weeks may prove crucial for this ecosystem. Shutting down a financial system for nearly three weeks is always unacceptable. Is There a Future for IOTA? This is especially true in the cryptocurrency world, where decentralization should prevent something like this from happening. Although the IOTA developers did the right thing, the duration of this incident leaves a lot to be desired. Now that the re-launch of the network draws closer, a lot of questions need to be answered. Since no one has been able to transfer MIOTA to another address for weeks, a subsequent dump on exchanges seems rather likely. Now that the vulnerability has been addressed, users have been able to export their Trinity seeds thanks to a new tool. Bringing the network back online is the next logical step. The big question is whether new bugs and exploits will be discovered in the process. There are also questions regarding the actual development of this particular project. Multiple major…Mar 4, 2020
Famous gold bug Peter Schiff made another anti-Bitcoin (BTC) claim, pointing out that it’s the only asset class that is not rallying by the end of 2019. As United States stocks recently hit new all-time high, Schiff has provided his sarcastic remark that Bitcoin’s price doesn’t correlate with performance of other asset classes such as U.S. stocks, precious metals and others. Schiff tweeted on Dec. 27: “Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but at least #Bitcoin is meeting expectations on something!” U.S. stock market hits historical highs Schiff’s statement comes after the U.S. stock market recorded a new historical high, rallying into the end of 2019. On Dec. 26, CNBC reported that all three major stock averages hit their ATHs, with the Nasdaq Composite (NASDAQ) breaking the 9,000 mark for the first time in history as well as the Dow Jones Industrial Average (DJIA) and the S&P…Dec 29, 2019
China’s central bank, the People’s Bank of China (PBoC), reports that it is “progressing smoothly” with its development of a government-backed digital currency. The bank issued its statement during a working conference held in Beijing from Jan. 2–3, according to an official news release published yesterday, Jan. 5. Five years in the making As reported, China has devoted five years of research and system development work to its forthcoming central bank digital currency (CBDC), and proceeded to conduct its first real-world pilot of the currency in Dec. 2019. As a form of digital legal tender — and unlike a private, decentralized cryptocurrency — the CBDC will be controlled by the PBoC and 100% backed by the reserves commercial institutions pay to the institution. As noted, the PBoC made its brief statement on its progress with the digital yuan as part of a conference devoted to “studying and implementing the spirit” of the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China, held in Oct. 2019, and December’s annual Central Economic Work Conference. With speeches by…Jan 6, 2020