The Cybercrime Department of the Turkish National Police has arrested 11 people who are suspected of breaking into cryptocurrency wallets. This has been reported by the Turkish edition Hürriyet.
Istanbul police received appeals from 14 citizens. According to the victims, their cryptocurrency wallets were hacked, and Bitcoins were stolen from there. Law enforcement agencies launched an investigation and a search campaign for the criminals who hacked emails, account data and passwords.
The number of stolen BTC equals to 437 thousand TRY or $80 thousand. Presumably, the hackers transferred the cryptocurrency to several fake accounts in order to convert it into fiat currency.
On October 26, 11 people were arrested in different parts of Istanbul by agents of the cybercrime unit. The alleged criminals were found through SIM-cards that were registered on crypto exchanges. Additionally, the police monitored stolen assets through banks’ security cameras, in case of a quick transfer of funds. During the arrest, the police seized two fake IDs, identifying individuals, a number of devices that were used for hacking, a SIM card and 22 flash devices.
At the moment, the investigation is ongoing. Allegedly, there are many more victims of hacking.
We remind you that recently, a group of players of a popular computer game “Call of Duty” have stolen 3.3 million dollars.
Famous cybersecurity company Palo Alto Networks with its subsidiary Unit 42 found a malware which attacks two Israeli-based fintech companies, according to the recent blog post made by the company.
The report says that Unit 42 first bumped into the malware called Cardinal RAT in 2017, since then malicious software has been attacking two Israeli firms that engaged in crypto trading and developing forex. This malware is a Remote Access Trojan (RAT), by using it the culprit can remotely take control of the system.
The first version of Cardinal RAT has been recently updated, the newest version is using various obfuscation techniques to hinder analysis of the underlying code. The code of the most recent malware is:
The software itself gathers different information about victims, later remotely changes or updates its settings, gives commands and even uninstalls itself. The malware is so powerful that it can recover passwords and execute or download files without permission, it also cleans cookies from browsers.
Cryptocurrency is one of the most promising and growing industries in our modern world. It is becoming more and more valuable to our society, as well as to the nations’ economies and banking systems, since people prefer more convenient ways of trading and transferring money. We therefore offer you to look at top 5 apps that the most convenient in using and working with crypto.
Keymano is a top wallet that provides a customer with a myriad of opportunities. It’s very convenient, fast and secure. Managing crypto or fiat money through Keymano wallet is easy. Using Keymano wallet anyone can sell, buy or send crypto on the go. It is user-friendly and straightforward.
Connect Keymano Card and Wallet to get even more functions. This Card allows you to make payments online and in-store. Moreover, the user can withdraw cash at any ATM terminal.
Keymano is a fully-featured product which not only simplifies managing crypto but also creates more ways to use it. With Keymano any transaction (from buying coffee to money exchange) is simple and always available in any part of the whole world. Having Keymano you can:
365Cash is a platform that provides services to users in different countries by organizing P2P transfers of digital assets. By the time of publication, the platform overcomes 850,000 cryptocurrency swaps. Such a big number extols this platform over others on the market. The service also possesses the following features:
Its own large ecosystem which uses nodes for cryptocurrencies and works automatically.
The most favorable rates for customers. The service earns on the difference in sales rates due to a large flow of customers and hedging the risks of cryptocurrency fluctuations.
Fully automatic system of receiving and paying funds to customers using the most popular payment system in Russia – Qiwi.
In future, it is planned to expand the pool of available cryptocurrencies.
Quppy is multicurrency payment system with unique cross-platform applications.The wallet provides users the ability to share crypto assets via different accounts inside one single wallet as far as within a decentralized storage system. By the end of the month, users will be able to withdraw money in euro. The platform also have some interesting features:
Sharing all your crypto assets through various accounts on one single platform.
Superior security for users based on blockchain technology.
Fast cryptocurrency exchange and instant transactions;
Multicurrency support including Bitcoin, Bitcoin Cash, Litecoin, etc.
Integration of Nexo – a service of the world’s fastest instant credit.
Chatex is a platform that makes transfers, exchanging or paying for goods much more easier for every customer. Cryptobanking facilitates access to the use of cryptocurrency for those who have never had a cryptocurrency wallet and who do not want to understand difficult passwords, 12 words, etc. The service eliminates the possibility of loss of big passwords or phones, since it allows you to regain access during a personal appearance to the certification center. Unique feature are:
The wallet is protected by an additional PIN-code and in exchange transactions between people.
Instant internal transfers without commissions. Instant purchase with any VISA/MC.
Respond quickly to digital assets management requests from your smartphone.
Waves is revolutionary mobile app which enables users to connect to the network and make transactions. It is a comprehensive, all-in-one app for mobile devices with an absolutely unique feature set that includes a crypto wallet, the Waves DEX, and fiat gateway. The biggest advantages of the platform are:
All traffic is encrypted, hence privacy and security are fully provided. Private keys never leave users’ smartphone and are never exposed to the web.
Supporting Face ID, Touch ID and Fingerprint scanning.
Trading on DEX, with the great tools and charts, it provides access to fiat and crypto gateways, so the customer can deposit, store, trade and withdraw other assets.
The customer can send tokens to one’s address book contacts, lease one’s WAVES, receive warnings about suspicious tokens and burn any spam assets he/she doesn’t want.
In the recent couple of years, Asia has become the region that is ahead of everybody when it comes to technologies. Anything that is new, unique and has potential is quickly being implemented in the East, while the rest of the world is just thinking it over. Certainly, blockchain and digital assets are no exception to the rule. Dozens if not hundreds of businesses, companies and projects in China, Japan, South Korea etc. are creating new concepts, ideas and solutions using cutting edge technologies, like blockchain and distributed ledger technology, in many different spheres, especially fintech.
What is FUBT?
FUBT Exchange is a Hong Kong-based project, the main focus of which is maintaining a blockchain platform for trading digital assets. The exchange evolved from the FUBT Station. In July of 2017, first transaction were conducted through the upgraded platform. Afterwards the developers launched their own token – BXB, which skyrocketed by almost 25 times on the market. FUBT kept growing and expanding. At the beginning of 2018, it opened up departments in other regions of Asia, namely Seoul, Cambodia, Tokyo, Taiwan, Phnom Penh and even one in New York. Now FUBT is considered one of the leading blockchain platforms for trading digital assets in Asia.
Strong sides and interesting facts about FUBT:
In June of 2018, the platform already had around 650 thousand active users which serves as perfect evidence of the project’s trustworthiness;
FUBT’s daily capital turnover equals to around 400 million dollars;
The platform is expanding globally and provides multi-language support for better understanding of users from different parts of the world;
The transactions within FUBT are conducted in a fast and simple manner, moreover, they are protected against security breaches;
The exchange provides a variety of digital assets, overall about 100 kinds;
Four crypto trading areas (BTC, ETH, FBT) are available on the platform;
FUBT has a mobile app both for iOS and Android;
The team of the project consists of real professionals from the fields of banking, fintech, blockchain, investment etc.
Core values of FUBT are “Integrity, Innovation, Inclusiveness, and Win-Win”;
The project has ambitious goals of expanding further and establishing itself firmly on the market;
FUBT team is constantly looking for new clients, partnerships, opinion leaders and pays a lot of attention to user feedback in order to improve and prosper.
More details on this promising and innovative platform can be found here.
Samsung Electronics Inc. has not even filed an official statement yet, while the South Korean news outlets are already speculating Samsung Pay will integrate crypto in Galaxy S10.
Samsung Pay in Korea
Samsung Pay is a mobile payment service launched by Samsung Electronics in the middle of 2015. In the same year, Samsung Pay bought LoopPay for $250 million which allowed users to process payments on point of sale (PoS) terminals. Moreover, that acquisition helped to invent MST (Magnetic Strip Technology). Later, Samsung Pay announced about launching LoopPay Valet – a low cost contactless payment IoT device.
From 2017 the use of Samsung Pay among the South Korean people has been growing instantly, exceeding 6.6 million users, that is 12% of the whole nation population.
As we can see from the picture above, the most popular app in the South Korea is Youtube. The second place is occupied by Samsung Pay which proves that the power of such application is big in the country.
Many analysts think that if Samsung Pay integrates cryptocurrency inside, that will be a hit.
Samsung Pay’s Crypto Integration
The rumours about Samsung Pay implements crypto wallet in its app started in late January, when The Korea Herald published an article. One month before an official statement, industry sources claimed that Samsung Pay is behind the Galaxy S10’s cryptocurrency wallet, and that it can begin the cryptocurrency adoption in the country.
On March 8, one of the largest mainstream media outlets in South Korea, Donga, published a report “Crypto, Flying Away With Samsung Pay on its Back?” saying that Samsung Pay allegedly integrate cryptocurrency to expand its user base internationally. It also says that it will strengthen Samsung Pay as a fintech platform. However, there is no official statement of Samsung Electronics regarding this issue.
“Samsung Pay has recently extended the transaction period for overseas users and integrated an international payment processing service, aggressively targeting the global financial services market. At this phase of development, if a cryptocurrency wallet is added to Samsung Pay, the application will be strengthened as a complete fintech platform. Currently, the Samsung Blockchain Wallet is said to be supporting Ethereum but more cryptocurrencies are expected to be integrated in the near-term.”
Nowadays pretty much everyone has an opportunity to become a successful entrepreneur and investor. With the emergence of cryptocurrency and blockchain, perhaps it has become even more accessible.
Today, we invited to talk Marco Robinson– a man who not only managed to become a world-famous investor, but also created a number of successful projects.An Award Winning Entrepreneur, Prime Time TV Star, Philanthropist, #1 Bestselling Author, Winner of the iProperty People’s Choice Awards Best Real Estate Company, World Renowned Property Investor, and Restaurateur – he knows how to make money work for you better than anyone.
Hello, Marco. First of all, let’s discuss your success as an investor. At what point in your life did you start investing in real estate, and why this particular area was one of the first you chose?
I first invested in real estate fairly late in life at 40 years old after I had a great business success and had quite a bit of money I didn’t know what to do with.
It was an interesting time in 2009 as it was the subprime crisis, I discovered properties were very cheap especially in the USA, and I found that fascinating so I started to study what made Real Estate go up and go down and wondered why this happened continually…I got so into this I decided to write a book about property cycles and what made them do that and I developed an algorithm based on four main drivers that triggered property price increases, they were:
Cycles (economic cycles) for example in the UK there is a proven 18-year cycle
Population growth. (Rent prices and property increased basically supply and demand.
Structure plan. (What they are gonna build in the area, for example, new manufacturing, schools, etc)
Local and individual property taxes & including friendly states and governments (some taxes are so high you can easily get negative cash flow)
When did you first learn about the blockchain technology, and how did it help you in the development of your projects?
I was introduced to Bitcoin in 2015.
I saw as a real threat to the banking system which I liked very much and after some detailed research discovered it was a genuine reaction, I felt, to the US sub prime crisis which made 40 million people homeless. I loved the security of it and especially it’s decentralization, that it could not be shut down and the founder very cleverly could not be identified.
I was also looking for a loyalty solution to connect all my businesses including my restaurants, my cosmetics, my property, my travel, my education and film companies, a currency everybody could use that I could keep within my own eco-system, so I could keep my clients loyal and grow my client based with the best value proposition in the market place. That currency I created is called NAKED DOLLARS and is now listed on LATOKEN.
Besides NKD, what do you think about investments in cryptocurrency in general?
It’s a brand new sector and to be frank not even the end of day one yet. A lot of cowboys presented a fabulous whitepaper in 2016 and 2017 and made a fortune off speculation…2018 saw a massive correction and the crypto market lost 80% of its value in one year because of this and because not many people had a real product.
It is here to stay, only just yesterday JP MORGAN created their own cryptocurrency, governments are creating their own, they have to as the FIAT CASH currency system is not sustainable, a new debt system has to be created or the majority of the world will go bankrupt.
Bitcoin is the SAFEST currency in the world, it cannot be hacked, it has no founder, no company, no office, and no assets, yet it is the best performing asset of all time increasing 350,000% in ten years! You cannot ignore it at all!
Are there any startups in the cryptocurrency world which you have invested or would like to invest in?
There are very few I would because of the losses in 2018. New projects don’t just have to have great technology, they must have great founders with great track records in business and great profiles in terms of influence.
How do you feel about buying, for example, real estate for Bitcoin?
I’d rather keep the bitcoin it gives a higher return potentially. I would rather use other cryptocurrency like Ethereum to buy real estate.
However I also use a profit strategy, so when I make great profits in bitcoin I will buy real estate as real estate gives me great cash flow.
In what areas, do you think, the use of blockchain technology is necessary?
I think it’s critical in pretty much every industry to prove the origins of each product or service and the security of it, especially in supply chain businesses such as gold and diamond mining to supply to make sure they are not conflict diamonds etc. I also love the adoption to health and medicine, for example, if someone has an accident one drop of blood or even a thumbprint can track the entire medical history of that person in seconds and the perfect medication can be administered!
You are a well-known philanthropist and are famous for your good deeds for the homeless and the needy, because you know very well what it feels like to not have a home. Let’s talk about an 18-year-old teenage mother Holly, a part of the TV Show “Get a House for Free.” Have you thought about not just “giving a fish” to people, but also trying to “teach people to fish”, that is, to give the needy the knowledge of how to “get back on their feet”?
I’m already now doing that with FREEDOMX, www.freedomxmovement.org where I have created a new charity social impact program where the victims of homelessness are rewarded on a merit based philosophy: “I help you if you help someone else” this is CONDITIONAL ALTRUISM, so we only help them if they want to be helped and IF they want to be microfinanced for a coffee shop on a bicycle, for example, they have to be certified and trained which lowers risk and creates a new economy for people to thrive in.
In what areas besides real estate, restaurant business, TV-shows would you like to or plan to realize yourself?
I’m making my first Hollywood movie “legacy of lies” next month, I helped fund the whole movie and my profits will be going to help the homeless
Cyber attack and crypto crimes in every shape and form are quite abundant on the market of digital assets right now. They all have different goals and different levels of harm. The careful and thorough analysis of such attacks will make it possible to predict them and protect sites, platforms and companies from breaches and money losses.
However, there is a weird tendency going on among the analytical reports, which we will try to explain down below.
Two major cyber security companies Chainalysis and CipherTrace released their analytical statements at the end of last year. Both reports contained statistics on hacker attacks and crypto crimes and an outline of current trends.
The main focus of CipherTrace was different money laundering techniques, cryptocurrencies that are the easiest targets for crypto criminals that choose this path, AML regulations and other related info.
Whereas Chainalysis told its readers on the scale and profitability of such Ethereum scams as phishing and various Ponzi schemes.
Surprisingly, there seems to be nothing about the infamous SIM-swapping.
Just to remind you, SIM-swapping is a kind of a cyber attack aimed at money theft. Simply speaking, a hacker convinces the phone provider to “swap” the number of a victim to a new device. In such way, criminals get full access to the personal information of their victims, still their identity, and later money.
SIM-swapping scams have been involved in multiple scandals with the biggest cell-phone providers of America, the crimes involving this technique resulted in huge money thefts and loud arrests of witty hackers, yet very few reports actually mention it.
However, this still does not diminish the dominance of SIM-swapping over many other types of crypto crimes. In order to fight it, we not only need more coverage from the mass media and analytical firms, but also the cooperation from the cell phone companies to protect the users, their info and their money.