IBM Patented Technology for Defining Borders in Blockchain Based Virtual Reality

IBM, a global leader in IT industry, patented technology that will not allow augmented reality (AR) players to go to restricted places. In the new project, the developers used blockchain technology.

The patent was published on November 1 by the United States Patent and Trademark Office (USPTO). It describes the conditions for interaction of mobile devices with virtual reality and real-world objects. Due to the innovation, users will not be able to get into unacceptable places for general visits.

AR-reality is a technology that allows you to see real and virtual objects at the same time. At the moment, it is assumed that the new technology for AR is impossible to hack. Reliability and security is ensured with blockchain technology.

Since there can be many virtual objects in reality, AR reality is synchronized with real space- thus the company indicated in the registered patent.

The new technology will expand the use of AR. With its help, it will be possible to modify forbidden virtual objects, display them on a smartphone, which will also receive information about AR restrictions.

We also remind that in October, IBM, in collaboration with Visa, began working on the launch of cross-border payments.

Visa Partners with IBM to Implement Cross-Border Blockchain Payments of Hyperledger Fabric Framework

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Chinese Miners are Disconnected From the Grid

According to the CNN, due to tax inspection, Chinese establishment have suspended their work.

The Ministry of Public Safety (China) demand that the mining farms,  which are located in the Chinese provinces of Xinjiang and Guizhou, accept the agreement that they will work in accordance with the new, tough rules. The requirements include the denial of services of unregistered  clients.
During the audit,  mining farms were disconnected from the grid, as a result they lost 1 million yuan daily, about 143 700 dollars.

The Tax Inspectorate has already completed the investigation, but the power supply to mining farms still has not been connected.

It should be reminded, we reported earlier that Chinese Middle School Managers were mining Ethereum.

Administartion of Chinese Secondary School Was Mining Ethereum: Details of Crime

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Bank of America Has Officially Patented A System for Saving Crypto Actives for Significant Corporations

One of the major USA banks has been approved the patent for a system of saving crypto assets. The application for the patent describes a method for safekeeping cryptocurrency assets of users of the system. It also stated that the bank will cooperate only with major corporations.

The popularity of using cryptocurrency has turned into a trend that many companies are aiming at. The biggest part of major corporations serves their clients with the help of cryptocurrency. Because of this, there is a need to convert the cryptocurrency into any currency deposit, which has to be placed in a storage.

It is possible to improve the security and safety of deposit funds with the help of single corporate accounts that maintain the cryptocurrency storage.

At the same time, the clients will receive credit funds, the amount of which is equal to the crypto deposit. This concept was introduced by Bank of America.

The patent spelled out a storage system specially designed for the banking system, which processes and stores the secret key. The system is demanding to high throughput of a channel and the amount of calculation capacities.

When required to complete a transaction, the system will provide customers with access to Member’s personal account.

It should be reminded, that previously Bank of America approved the patent for close system private keys, that supports remote management.  

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Linux System Is Affected By A Malicious Crypto Mining Malware: How To Detect It?

Trend Micro, Japanese company specializing in crypto security, published a report on its website stating that they found a malware affecting Linux system.

The company found a cryptocurrency miner KORKERDS’s hidden activity from Linux users extremely suspicious and started investigation, where they found malware, later called as Coinminer.Linux.KORKERDS.AB, and its rootkit component Rootkit.Linux.KORKERDS.AA. The way of infection will be investigated very soon, there is already some information that the malware may get installed onto computer through a plugin or downloaded software. More technical aspects are described in the report.

The company explains:

“This makes it difficult to detect, as infected systems will only indicate performance issues. The malware is also capable of updating and upgrading itself and its configuration file.”

What is worth to mention is that such operating systems as Mac OS and Linux are considered to be immensely secured, thus, it is hard to integrate any file without users’ consent. The malicious mining software seems to be a built-in plugin, where a user gives an administrator consent to install anything.

Trend Micro provided some Indicators of Compromise (IoCs) to prevent users to be affected: (Editor’s Note: Indicator of compromise (IOC) — is an artifact observed on a network or in an operating system that with high confidence indicates a computer intrusion. Typical IOCs are virus signatures and IP addresses, MD5 hashes of malware files or URLs or domain names of botnet command and control servers. Source: https://en.wikipedia.org/ )

Related hashes (SHA-256):

  • cdd921a5de5d5fffc51f8c9140afa9d23f3736e591fce3f2a1b959d02ab4275e (Trojan.Linux.DLOADER.THAOOAAK)
  • baf93d22c9d1ae6954942704928aeeacbf55f22c800501abcdbacfbb3b2ddedf (Coinminer.Linux.KORKERDS.AB)
  • 0179fd8449095ac2968d50c23d37f11498cc7b5b66b94c03b7671109f78e5772 (Coinminer.Linux.KORKERDS.AA)
  • 023c1094fb0e46d13e4b1f81f1b80354daa0762640cb73b5fdf5d35fcc697960 (Rootkit.Linux.KORKERDS.AA)

Related malicious URL:

  • hxxps://monero[.]minerxmr[.]ru/1/1535595427x-1404817712[.]jpg

We want to remind you, no matter how secure your computer is, in your opinion, it still may be affected by professional cryptohackers. Thereby, if you find any suspicious file or plugin, please, read the following article or consult service centre.

What Is Hidden Mining, Why Is It Dangerous and How to Delete the Virus?

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Crypto Master Minds That Made It Into Forbes’s 30 Under 30

One of the most famous editions in the world, Forbes, came out with its annual rating of the most influential people under the age of 30 in different spheres of activity, including healthcare, music, art, retails and many others. This time the section of “finance” was replenished with a couple of blockchain and crypto personalities, namely:

1. JB Rubinovitz (26) is a crypto entrepreneur whose goal is to incorporate crypto mining as a way to provide bails for arrested people.

2. Olaoluwa Osuntokun (25) is one of the founders and a Chief Technical Officer of the company Lightning Labs. He raised $2.5 million to develop Bitcoin as a fully usable means of payment.

3. Hunter Horsley (28) is a CEO of the company Bitwise Asset Management. His firm specializes in creating crypto indexes.

4. Nader Al-Naji (26) and his company Intangible Labs are currently working on a concept of a cryptocurrency that could easily replace the usual banks.

We remind you:

Forbes Launches Its Own Version of the CoinMarketCap

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Cryptocurrency Prices Today, November 14: Cryptocurrencies Continue to Decline in Price

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 0.16% over the past 24 hours. The price at the time of writing is $6356 per coin.

Almost all cryptocurrencies are in the red zone:

Bitcoin Cash lost 0.66% over the past 24 hours and costs $502 per coin;

Ripple fell by 2.29% and is $0.51 in price;

EOS minus 2.40%, and its rate is $5.30;

Litecoin decreased by 0.95%, and its price is $49;

Cardano dropped by 3.02%, and its cost is $0.072;

Stellar lost 4.23% and costs $0.25;

IOTA added 0.37%, and its value is $0.48;

Dash plus 0.15%, and its price is $164;

Monero lost 0.99% and costs $106.

Ethereum lost 1.03% over the past day. The cost of the coin is $206.

The total market capitalization is $209 billion. Bitcoin accounts for 52.8% of the total. In monetary terms, this is $110 billion.

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The Real Estate Market Switches to Blockchain

The power of countries depends on the economy, which real estate market is a significant segment of. More than 50% of global finance belongs to it. An impressive share, isn’t it? This market segment is most adapted to reforms and crises.

However, this does not mean that it cannot be slightly improved by innovations, such as the blockchain. Technological upgrade will allow the real estate market, as well as the economy in particular, to move to a new stage of development.

While the real estate market is “collecting its belongings” and is preparing for a full-fledged move to the blockchain, a Japanese company has launched the sale of real estate for cryptocurrency. A couple of Bitcoins can buy you a paradise on an island somewhere in the Caribbean. The world of real estate is gradually becoming digital.

Definitely, the “relocation” of the housing market onto the blockchain will have a positive impact on its development. This promising combo will improve and facilitate the purchase of real estate as follows. It will allow to:

  • exclude intermediaries who charge a commission in the course of transactions;
  • reduce the time for the preparation of transactions and references;
  • reduce the risk of fraud;
  • simplify the process of checking property before selling:
  • customers can buy property at any time of the day;
  • opportunity to track the entire history of the transaction.

All this makes the purchase of real estate easier and safer, but not publicly available. The latter and the above mentioned benefits can be offered by Elements Estates.

The project provides an opportunity to buy housing not only to reserved players. Owing to blockchain technology the national boundaries are disappearing as assets can freely move from one country to another.

It is time to improve the global economy by reinforcing the real estate market with blockchain and cryptocurrency.

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