Categories
Crypto

A Monero (XMR) Mining Malware Affects Mac Computers, Apple Reported

This week Apple reported a new background mining malware called MsHelper, which is remotely installed on Mac computers and serves as Monero (XMR) mining malware. The malware uses the computing power of the Mac computers to mine XMR, thus, is causing slower performance.

The malware was posted on Apple’s discussion forums, where users claimed that a newly installed program on their computers caused them to lose control over their computers and used a lot of the processing power of the CPUs as it mines XMR.

“I have MsHelper constantly showing up on the activity monitor with the CPU at super high levels. I probably wouldn’t have noticed it, except that I installed BitDefender today and it keeps showing me that it’s being deleted!” said Ron Edwards, the user who opened a topic on the covert crypto miner on an Apple community forum.

After several investigations, it was found that MsHelper is another version of the XMrig miner for Mac but used in a hostile way to enrich third parties at the expense of Apple Mac users.

The Mac Monero (XMR) mining malware apparently come with fake Adobe Flash Player, pirated content, or infected documents

According to Malwarebytes Labs, MsHelper is not a sophisticated malware, nor does it generate large vulnerabilities in the registration of user information. It is also not strong enough to be easily removed by Malwarebytes for Mac or manually.

It is believed that the virus that mines XMR is installed in computers by means of programs such as Adobe Flash Player in its false version which contains the dropper that injects the malware into the computer.

In this way, users would become infected with malware by downloading programs from piracy sites or misleading documents but it is not yet known exactly which software offer deceives users.

At the time of installation, the MsHelper mining Monero (XMR) malware deploys a launcher that is hosted in the support applications of the Mac operating system. This executable file is in charge of keeping the Monero (XMR) mining active on the computer and thus affects the performance of the computer.

Malwarebytes said that it is increasingly common for Apple devices to be covered up with versions of crypto miners malware, as there have already been problems with the Pwnet, CpuMeaner and CreativeUpdate programs, among others.

Categories
Crypto

Ripple (XRP) Adoption Increased Even More As Kuwait Finance House Announced They’ll Use RippleNet

Yesterday, May 26th, Kuwait’s leading Islamic lender unveiled its plans to affiliate with RippleNet. Kuwait Finance House (KFH) will partner with Ripple’s network dedicated to banks and other financial institutions and will use Ripple (XRP) blockchain to cut down on transactions fees and boost the pace of cross-border payments. Definitely, this is another good news regarding Ripple (XRP) adoption.

KFH is the first bank in Kuwait to join RippleNet for cross-border instant payments using blocking technology.

Kuwait Finance House

The announcement is the newest in a string of high-level news reports regarding the Ripple (XRP) adoption. Earlier this week, Ripple stormed into conventional and social media as Ashton Kutcher went to The Ellen DeGeneres Show and donated $4 million in XRP for the Ellen’s Wildlife Fund in Rwanda during an instant cross-border payment which has been conducted live during the show.

Ripple (XRP) adoption process had a great period characterized by many interesting partnerships

Soon after the Ashton Kutcher event, Propy, a worldwide real estate broker, declared that it is now able to buy and sells homes in Ripple (XRP).

Besides, the Uphold digital payment platform fulfilled its XRP implementation, permitting its clients to buy Ripple (XRP) using US Dollars but also to make deposits, transactions, and withdrawals.

Also noteworthy, the Revolut mobile banking application has successfully concluded its XRP implementation, allowing its about 2 million users to purchase and sell Ripple (XRP).

Additionally, the online private jet booking service TapJets announced that it intends to adopt Ripple (XRP) as a new payment method starting with June 1st.

Ultimately, the social trading network and multiple asset trading firm eToro posted a review of its clientele, disclosing that XRP is among the most sought-after assets on eToro’s trading platform.

Besides Ripple (XRP) adoption news, Ripple team has announced its intentions of changing XRP symbol and the community is free to come up with ideas. Also, at the moment of this article, XRP is traded at $0.60, recording a 2.06% loss in the last 24 hours.

Categories
Crypto Markets

Blockchain Technology In China Got The Support Of The Ministry Of Industry And Information Technology

China’s Ministry of Industry and Information Technology expects 2018 to be another important year for investment in the blockchain technology, as in the last five months about 250 investment agreements have been registered in companies dedicated to developing technology based on the blockchain, highlighting the first quarter of this year with 68 investments in the industrial sector. All these thanks to the cryptocurrency trading that survives in China despite the strict regulations.

According to the China Money Network, the ministry reported that 250 agreements have already been registered this year, a figure that represents more than double the number of agreements signed last year, with nearly 100 investment operations carried out throughout 2017, a number that translates the interest in technology into facts.

There are currently 456 companies registered in China that are dedicated exclusively to developing blockchain technology

Of these 456 companies, 295 are focused on developing solutions for different economic sectors, while 86 companies based in China are dedicated to providing services to the financial industry, according to a report from the Chinese ministry.

In addition, the number of projects focused on building blockchain infrastructure reaches 40 startups.

However, the report states that the blockchain sector is still at an early stage, as the investments were not long-term. A fact they expect to happen later, so the bet is to increase investments.

It is important to note that Chinese officials have been studying blockchain technology development in China for years. In fact, two weeks ago they published an index that ranks the main chains of blocks in the ecosystem, based on the applicability, free access, and transparency.

Cryptocurrency trading survives in China despite the strict regulations

These efforts and reports speak about the Chinese government’s interest in taking sides in the development of blockchain technology, even though cryptocurrency trading survives the hostile policies coming from the part of regulatory agents.

It should be noted that since September 4th, 2017, the Initial Coin Offers (ICO) in China have been banned, a regulatory decision that was followed by the announcement of the closure of all national and international cryptocurrency exchange operators.

However, a government spokesman told CCTV, China’s state-owned TV station, that the ICO operations are still “rampant” throughout China despite these bans.

Categories
Crypto

Litecoin (LTC), Bitcoin Cash (BCH), And DASH Accepted On CheapAir Flight And Accomodation Booking Platform

In response to clients’ demands, the travel and tourism agency CheapAir chose to broaden its payment methods with cryptocurrency by accepting Litecoin (LTC), Bitcoin Cash (BCH), and DASH, in addition to Bitcoin (BTC), for flight and accommodation bookings.

The announcement was published on the company’s website on May 23rd. The report clarifies that the top 3 most popular altcoins among CheapAir’s clients for the past half year have been incorporated into the service, thus becoming part of the few travel agencies that support cryptocurrency payments.

In addition, adding these cryptos as payment methods might also ensure cheaper fees and faster transactions. On the subject, CheapAir CEO Jeff Klee noted that the incorporation of these currencies has been a fairly straightforward process, given the prior experience with Bitcoin (BTC) payments which has been introduced by CheapAir in 2013.

CheapAir travel agency introduced Litecoin (LTC), Bitcoin Cash (BCH), and DASH cryptocurrency payments

The Litecoin (LTC), Bitcoin Cash (BCH), and DASH cryptocurrency payments started to be analyzed by the company in April when the Bitcoin (BTC) payment service became problematic as Coinbase’s suspended its custody services.

After that, the CEO of CheapAir, Jeff Klee, enquired with clients about their inclination to use BIP70 portfolios in order to be able to use the BitPay platform, as well as to begin to trial cryptocurrency payments with Litecoin (LTC), Bitcoin Cash (BCH), and DASH.

CheapAir, headquartered in the United States, is a part of a rapidly increasing group of travel agencies that welcome cryptocurrency payments. These agencies, to date, include TapJets, Destinia, Expedia, Travelforcoins, Abitsky, and BTCtrip, but the majority of these are only accepting Bitcoin (BTC).

The single exception is BTCtrip which also accepts payments in Litecoin (LTC) and Dogecoin (DOGE).

In short, from now on, CheapAir trave agency introduced cryptocurrency payments in Litecoin (LTC), Bitcoin Cash (BCH), and DASH.

Categories
Crypto

Apple Added TRON (TRX) Pricing On Its Stocks App, Next To XRP, BTC, And QTUM, Said Justin Sun, TRX Founder

Justin Sun, the owner of TRON (TRX), has announced this morning on his Twitter account the fact that Apple is backing the TRON Foundation by incorporating $TRX pricing into its stocks listing app.

Apple introduced TRON (TRX) prices to its stocks listing app

Apple has been extraordinarily enthusiastic regarding the expansion of blockchain technology, with the inclusion of cryptocurrencies such as Ripple (XRP) and Bitcoin (BTC).

QTUM crypto is another interesting listing on Apple stocks network. QTUM runs on a mixture of Bitcoin Core infrastructure and a version of Ethereum Virtual Machine (EVM). QTUM is trading at $13.18, at the moment of this article.

So, by introducing TRX, Apple is simply defending a more widely available global digital currency by giving us insight into its prices, market capitalization holdings, and so on. Consumers need to append TRX/USD to Apple’s holdings app.

A Reddit user commented on this topic stating that:

They are certainly doing the right thing to be in the position they are in. Although I don’t like some of their tactics, I’m happy to let them make me money.

However, Justin Sun’s tweet got some very negative feedback, as the TRX’s founder has been accused of misleading the community members because Apple, supposedly, has nothing to do with the before-mentioned crypto’s addition.

Apple has always been a friend of cryptocurrency and now TRON (TRX) is promoted

Steve Wozniak, the co-founder of Apple, declared at the beginning of May that he sees the blockchain technology as a huge IT revolution. In the last 24 hours, TRX has been trading at a market capitalization of $4.62 billion and has experienced a 3.98 percent growth in the past 7 days.

TRX is presently being priced at $0.07 on Upbit, at the time of this article. TRON (TRX) can also be exchanged at Bithumb, Binance, and Bit-Z. The TRON community expects that this will ultimately raise its stocks, as traders will be better acquainted with market fluctuations prior to investing.

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