• ransomware hackers demand bitcoin for sex toy
    adblock,  Bitcoin,  Technology

    Hackers demand $700 bitcoin ransom for man’s “family jewels”

    Hackers took control of an app-controlled, internet-of-things connected male chastity device in an attempt to obtain a ransom, according to a report

    According to a Jan. 11 report, hackers took advantage of a known cybersecurity vulnerability in the software of a “smart” sex toy, hoping to effectively hold the man who used the device hostage, by locking him in the chastity device.

  • Ukraine selects Stellar for digital currency
    Cryptocurrencies,  Regulation,  Technology

    Ukraine selects Stellar to develop a digital currency

    The Ukranian government partners with the Stellar Development Foundation to build the infrastructure for a central bank-issued digital assets

    “The Ministry of Digital Transformation is working on creating the legal environment for the development of virtual assets in Ukraine," said Deputy Minister for IT Development Oleksandr Bornyakov. "We believe our cooperation with the Stellar Development Foundation will contribute to development of the virtual asset industry and its integration into the global financial ecosystem.”

  • Yearn creator new DeFi protocol
    Technology

    Yearn Finance creator announces new DeFi credit protocol

    Andre Cronje’s latest project gives users a 99.5% U.S. dollar-based credit line via its yCredit ERC20 token

    What makes this system much more interesting is that Cronje is highly regarded by the cryptocurrency community. As Modern Consensus reported in late September, his projects are trusted so much that when his wallets deployed a contract that he was secretly testing for a new gaming protocol, Eminence.Finance, $15 millions was deposited by users who wanted to front-run other investors before he asked for investments. And before he worked on security, as it turned out.

  • OKEx launches real-time settlements
    Technology

    Crypto exchange OKEx launches real-time settlements

    Recovering from a six-week lockdown, the derivatives crypto exchange now allows its users to withdraw their funds at any time

    The new feature “will provide a better trading experience for users, improve the capital efficiency of their funds and enable greater cross-exchange arbitrage opportunities," said OKEx head of financial markets, Lennix Lai. “This is hugely beneficial to traders carrying out cross-exchange arbitrage.”