Scammers Stole From Users of the Blockchain.info Service about 700 BTC 208

Scammers Stole From Users of the Blockchain.info Service about 700 BTC

In Ukraine, cyberpolice investigates one of the most massive hacker attacks, the victims of which are owners of crypto currency. Last fall, scammers conducted a fishing campaign, as a result hackers managed to seize the funds at the rate of 700 Bitcoin. This is reported by the press service of the service.

Cisco, which specializes in high technology, was the first to report fraud. In December of the last year, experts discovered a large number of domains, with a similar name for virtual wallets – Blockchain.info. After users had visited fraudulent sites, a specially designed script gave attackers access to their wallets.

Security service Blockchain.info, has called such a hacker attack one of the largest in the history of the service.

The cyberpolice figured out that the attackers had launched their project in late 2014, and, theoretically, over the last three years of their activity, the amount of criminal proceeds could exceed several hundred million dollars. Law enforcers also found confirmation that scammers are involved in the creation of SCAMs, such HYIP projects as: flexibit.bz, verumbtc.com, hashminers.biz.

“In 2018, the activities of this group fell significantly. We associate this with the introduction of additional rules for moderating of advertising messages in Google Adwords. This is also confirmed by an analysis of the activity of individuals at closed forum sites that offer services for fraudulent advertising campaigns” – the department reported.

Representatives of cyberpolice recommend investors to be more cautious about investing in cryptocurrency projects.

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The Japanese bank MUFG Will Launch Its Own Cryptocurrency 160

The Japanese bank MUFG Will Launch Its Own Cryptocurrency

After loud statements by Buffett and Gates concerning cryptocurrency, it seemed that at least the state institutions of countries would refuse from it, but a Japanese bank Mitsubishi UFJ Financial Group still decided to acquire its own cryptocurrency, MUFG Coin, in 2019.

“Regarding the speculation (in) media reports, these reports are not based on any announcement by MUFG, and the details have not been decided,” the bank’s spokesman said in an emailed statement to Reuters. “However we can only say that it’s true that MUFG is conducting demonstration experiments on the ‘Coin’ within the company utilizing a blockchain technology.”

According to NHK Japan, the digital currency MUFG Coin will be tested for suitability in several regions of the country. 100,000 people who are associated with the company will be able to participate.

Representatives of the bank will provide an opportunity for users to use the cryptocurrency as a means to pay for goods and services in shops and institutions. The bank’s digital currency can be transferred to the accounts of those who participate in the project. If the idea is successful, then MUFG will be the first Japanese bank that has its own digital currency.

The MUFG coin can be used exclusively in Japan. In the world market it can be traded in pairs at non-financial currency exchanges instead of USTD (Tether cryptocurrency, tied to the dollar).

Those people who have downloaded and installed an application that automatically converts deposits into MUFG Coin will be able to take part in the test of the new currency. The cost of one coin is equal to one yen.

We remind you that the management of Mitsubishi UFJ Financial Group announced its intention to launch a  cryptocurrency exchange with the national currency, as well as a service with split Bitcoin-accounts.

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Cryptocurrency Advertising Was Banned on the Bing Search Engine 71

Cryptocurrency Advertising Was Banned on the Bing Search Engine

According to Investing, the search engine Bing, which belongs to the largest corporation Microsoft, will no longer display ads on cryptocurrencies, blockchain technology and products related to digital currency.

“Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.” wrote Melissa Alsoszatai-Petheo, a Bing advertiser policy manager, in the announcement. “To help protect our users from this risk, we have made the decision to disallow advertising.”

The updated policy on financial products and services will go into effect worldwide in June, and the enforcement will begin in late June or early July. Although Bing is not the most popular search engine, but the market of cryptocurrencies reacted to the news with a fall.

We remind you that earlier such global media, as Facebook, TwitterGoogle and YouTube refused to display ads of cryptocurrencies.

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