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Did You Realise Coinhive Has Been Using Your CPU Power For Altcoin Mining?

CCN Coinhive mining – a victimless crime? Coinhive delivered a clever piece of software in September with very little fanfare. Website owners were asked to create an account with Coinhive and then run their application on their websites. The software was an in-browser java script app that allowed the host website use the visiting people’s CPU’power to mine for alt coin Monero. Visitors were unaware of this CPU filtering, or stealing, and may only have spotted that their machine had slowed down or their fans suddenly revved up. Typically the additional electrical costs per stolen CPU ran in the region of a few dollars per month, but it all adds up of course for the website miner if they can get multiple visitors ‘donating’ their CPU. Sophos Senior Technologies Paul Ducklin is calling out the practice. ‘Here at Sophos we don’t agree with the subterfuge,’ he says. ‘We are calling it parasite-ware. The donating CPU may not be actually damaged and the energy costs next to minimal in most cases, but it is permission-less and therefore unacceptable.’ Ducklin compared it to an employee driving to a restaurant for lunch and the loaning the company car to a stranger to run […]

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Andy Tian Interview, CEO Of The Fastest Selling ICO In Asia, $30 Million Raised In 1 Minute!

CCN           GIFTO – Enter the blockchain Andy Tian has been labelled a ‘traditional’ entertainment man coming as he does from the world of online, mobile, gamified entertainment. ‘That was before I moved into the blockchain arena,’ he says, ‘it is funny to think that pre-blockchain is considered traditional.’ He has the last laugh, however, with the ICO for GIFTO, the virtual gifting protocol, closing out in one minute to the tune of $30million. ‘Two third were institutional investors and the last $10million came in one minute.’ GIFTO was the fastest selling ICO in Asia. It was four times over-subscribed and it will be the largest non-crypto adoption of blockchain technology by a mile. Tian expects a minimum of 5million users and 100,000 content creators when the product launches in Q1 of next year. How can he be so confident?  As CEO of AIG, Asia Innovations Group, Tian brings a wealth of ‘traditional’ gaming experience to the table. Previously he was head of Zynga China and there he learnt the business of gaming. ‘The millions made in the gaming industry are from virtual purchases and assets.’ He explains.  ‘Gamers buy virtual swords, armour, tools – all […]

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Trying To Bring Order And Analysis To The World Of ICOs, Dmitry Machikhin, Cofounder Of ICObench

CCN ICObench, trying to become the Forbes of the ICO world. Only formed in August 2017, already ICObench is cornering the market as the ratings agency for the ICO world. With more than 1500 ICOs listed on their pages, 100 waiting for review per day and 1000 more in the pipeline, the platform is growing faster than it can almost cope. ‘We are looking to automate much of the qualifications of the ICOs,’ says CEO and co-founder Dmitry Machikhin from St Petersburg. ‘We have six editors working full time but we have our hands full.’ It might be argued indeed that the burgeoning ICO industry needed a ratings system or platform to try and manage the difficult task of measuring the numerous offerings. While most companies use uniform website layouts, similar white papers and often share advisers, there was no formal rating system to offer a quick and easy guide for investors and industry watchers. Machikhin’s background is maths and linguistics. He worked for Cointelegraph and used as a ready reference but felt there was something missing – something that would bridge the gap. ‘We wanted to provide a platform where we could inform interested parties of the quality […]

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CharityStars, Aiming For The Stars

CCN ‘We are all in the gutter but some of us are looking at the stars.’ Oscar Wilde Four years ago Francesco Nazari Fusetti set up CharityStars, a fund raising platform for charities. It linked celebrities with charitable causes, delivering funds to charities in a transparent, online manner. Initially Fusetti approached celebrities, looking to get them to donate their time, possessions or support for charity. Over time, this has changed and charities began instead to approach the CharityStars platform to post their projects with their own celebrity ambassadors; CharityStars having proven an ability to deliver – matching causes, celebrities and donors – the latter now numbering 40,000 active people. Fusetti is very proud of his organisation pointing to the $10 million raised since the formation of the company with mainstream charities benefitting such as WWF, UNICEF and Save the Children. With the original office located in his native Italy and still accounting for more than 30% of all income generated, new offices have been opened in the UK and US. This is important as while the donors and bidders are worldwide, many of the celebrity experiences on offer are geographically based – such as lunch with a star or a […]

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Cryptocurrencies Bring Greater Freedom To Individuals, David Drake, Global ICO Expert

CCN “The beauty of Cryptocurrencies is that they offer the same freedom to the individual as that traditionally enjoyed by large corporates” It must be the Swedish nature of David Drake that lends him to want individuals to enjoy the same tax and privacy privileges of large corporations. ‘Isn’t that the beauty of owning Bitcoin,’ he says on the line from New York.  ‘Anyone can enjoy the lack of intrusion or censorship operated by countries – it’s all about freedom.’ Drake is the CEO and founder of LDJ Capital, a Multi-Family Office that looks after the wealth of UHNW (ultra high net worth) individuals and families. An independent financial institution, LDJ Capitals claims to offer its clients financial advice that is uncomplicated by franchises or connections. And recently Drake has been chatting about the benefits of cryptocurrencies on public platforms and in interviews. ‘Although I do not give trading advice,’ he emphasis, ‘I am not a trader.’ Having said that Drake scored highly on the ICObench people list – at a cool 51.6 – topping the poll of ICO bench people where he is also linked to more than 10 ICOs, both as investor and adviser – including Ambrosus (November […]

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