Yet again hackers are in the center of attention in the latest cryptocurrency news where the Japanese crypto exchange was hacked and hackers managed to take $59 million worth of crypto.
It’s interesting that the actual security breach happened 6 days ago, on September 14th when hackers reportedly stole about 4.5 billion yen from users’ wallets and also 2.2 billion yen in company assets. The total losses come up to 6.7 billion yen or as we said, $59.7 million. In a press release, Tech Bureau that operates the exchange Zaif stated that the exchange did detect an error on the server on September 17 and Zaif quickly suspended all deposits and withdrawals. The very next day, the exchange came up to a conclusion that the error was actually a hack and hurried to report the breach to the Japanese financial regulator.
The Financial Services Agency determined that the hackers stole 5,966 bitcoins and also some Bitcoin Cash. They didn’t stop there and took what’s left of MonaCoin. Zaif is now cooperating with Fisco Digital Asset Group in order to cover all the lost assets by providing 5 billion yen. Tech Bureau also agreed to dismiss half of the company’s directors and let Fisco be the main stakeholder in the company.
According to CoinMarketCap, Zaif is the 101st crypto exchange in terms of trading volume. Just as the exchange started working fine, earlier this year there was a system glitch that allowed all the users to acquire trillions of dollar worth of bitcoin for free. This incident, followed by the latest one, could potentially have major implications for this company in Japan since regulations are tightening up the belt and request for even stricter rules.
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Firefox Quantum Browser Adopts New Anti Cryptojacking Features
"Today’s new Firefox release continues to bring fast and private together right at the crossroads of performance and security. It includes improvements that continue to keep Firefox fast while giving you more control and assurance through new features that your personal information is safe while you’re online with us," the Firefox Quantum release notes.Previously, Mozilla warned its audience that websites can deploy scripts that may launch a crypto miner on any user's machine - even without them being aware. This practice is known as cryptojacking in the world of cryptocurrency. In order to combat these practices, the Firefox Quantum was developed as a product of partnership between Mozilla and the online privacy company Disconnect. The crypto mining blocker was created to block people on their browser. As of now, users can toggle an opt-in feature that would block would-be cryptojackers from taking advantage of spare computing power and mining cryptocurrencies. Users can take a look and see how much faster Firefox is today at the following video, which went viral on many best cryptocurrency news sites because of the anti-cryptojacking features. https://www.youtube.com/watch?v=NzqJ09_cn28 In August 2018, Firefox featured cryptojacking protection - to later update them in its Nightly 68 and Beta 67 versions which emerged this April, just before the launch of the Firefox Quantum browser. The open-source Quantum also aims to mitigate the practices of so-called "fingerprinting" which makes a sort of a digital fingerprint of a user that is employed in order to monitor their activities on the Internet. In another report published in the altcoin news on April 23 by the cybersecurity company MalwareBytes, cryptojacking was called "essentially extinct" and:
“Marked by the popular drive-by mining company CoinHive shutting down operations in early March, consumer cryptomining seems to have gone the way of the dodo. Detections of consumer-focused bitcoin miners have dropped significantly over the last year and even from last quarter, while business-focused miners have increased from the previous quarter, especially in the APAC region.”So, the steps that Mozilla took in its Firefox Quantum definitely ramp up the browsing experience from a crypto perspective.
Crypto And Forex Scams Got Away With $34 Million In 2018: UK Report
“Scammers can be very convincing so always do your own research into any firm you are considering investing with, to make sure that they are the real deal.”The report is a viral topic in the latest cryptocurrency news - mostly because the FCA stated that scammers use social media to find potential investors. According to the regulator, crypto and forex scams like these often use pictures of celebrities with fake endorsements alongside images of luxury goods such as cars and watches. In 2018, the initial coin offering (ICOs) advisory firm Statis Group released a study in which it found that more than 80% of ICOs in 2017 were scams. The associated losses for that year, as the study showed, totaled around $1.34 billion. In the latest altcoin news, we can also see that new evidence surfaced, suggesting that purported Bitcoin (BTC) exchange Goxtrade is a Bitcoin scam. As the evidence shows, Goxtrade reportedly used the real names and photos of unaffiliated parties including the blockchain figure Amber Baldet to fill their website staff page and its absent from the UK's registry of companies and businesses. All in all, the number of crypto and forex scams is increasing and there must be certain regulation to prevent these billions which are lost on a yearly basis.
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