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Litecoin Emerges As The Next Dominant Dark Web Currency

Litecoin Emerges As The Next Dominant Dark Web Currency

Litecoin Emerges as the Next Dominant Dark Web Currency By Andrei Barysevich and Alexandr Solad on February 8, 2018 In 2016, criminals began voicing their dissatisfaction with the performance and cost of initiating Bitcoin transactions. Upon initial assessment of underground chatter, it appeared Dash was slated to become the next major dark web currency. However, after further research, this was proven false. To obtain the most accurate statistical information, Recorded Future analyzed 150 of the most prominent message boards, marketplaces, and illicit services. Final results show that alongside Bitcoin, Litecoin is the second most accepted cryptocurrency, followed by Dash. In mid-2016, Recorded Future noticed members of the cybercriminal underground discussing their growing dissatisfaction with Bitcoin as a payment vehicle, regardless of their geographical distribution, spoken language, or niche business. Recorded Future conducted an extensive analysis on 150 of the most prominent message boards, marketplaces, and illicit services, which unexpectedly revealed that Litecoin is surpassing other cryptocurrencies in preference, and is currently the second most dominant coin on the dark web after Bitcoin. Beginning in the middle of 2016, Recorded Future began noticing an increase in frequency of discussions regarding the functionality, security, and usability of cryptocurrency among members of the cybercriminal underground. Regardless of their geographical distribution, spoken language, or niche business, everyone was sharing their growing dissatisfaction with Bitcoin as a major payment vehicle. The meteoritic rise in popularity of Bitcoin among household users, speculators, and institutional investors around the world since mid-2017 has placed an enormous load on the bloc Continue reading >>

Litecoin Mining - Pool-x.eu

Litecoin Mining - Pool-x.eu

Litecoin Mining Just like his older brother Bitcoin, Litecoin is an online network that people can use to send payments from one person to another.Litecoin is peer-to-peer and decentralized, meaning it is not controlled by any entity or government.The payment system does not manage physical currencies, such as the dollar or the euro;instead, it uses its own unit of account, which is also called litecoin (symbol: or LTC).This is why you will often see Litecoin categorized as a virtual or digital currency.Litecoins can be bought and sold for traditional money at a variety of exchanges available online. If you already know Bitcoin, Litecoin is very similar, the two main differences being that it has faster confirmation times and uses a different hashing algorithm.mining profit of litecoin Should you exploit Litecoins?mining profit of litecoin Litecoin extraction can be profitable, but only under certain conditions.In the beginning, people could make profits by exploiting their processors and GPUs, but this is no longer the case today.The introduction of specialized mining equipment (commonly known as ASIC), which can extract much faster and much more efficiently, has made block searching much more difficult with general equipment. If you compare business cases for a CPU, GPU, and ASIC, youll see that CPU and GPU extraction costs far outweigh the rewards, and even with free electricity, profits are so low that they are hardly worth it. Unfortunately, the ASIC hardware is far fromPotential buyers need to be extremely cautious because different things need to be considered: Energy consumption: You do not want to pay more electricity than you earn in bednotes. Network Difficulty: The difficulty will increase as more and faster miners join the network, reducing your profitabil Continue reading >>

Litecoin Forks Leaves Australian Brokers More Worried

Litecoin Forks Leaves Australian Brokers More Worried

Litecoin Forks Leaves Australian Brokers More Worried Litecoin Forks Leaves Australian Brokers More Worried The Australian FX industry is increasingly becoming worried since the cryptocurrency customers no longer need to incur any cost for any complaint against their broker. Most brokerages are currently troubled that their customers might take advantage of the new rules of the game and exploit them following the recent Litecoin blockchain that was forked. According to Coindesk, the investors are yet to take interest in the new Litecoin Cash (LCC), which has remained at the bottom of the chart in the market shares. Basing on the data from the CoinMarketCap, Litecoin (LTC), the worlds fifth largest virtual currency by the market capitalization has drastically gained in the recent past and its currently trending at $228. The surge in the LTC prices could be due to the fact that the investors are significantly using other cryptocurrencies such as bitcoin to gather their Litecoins. Furthermore, the price rise could be largely associated with the founder of the coin Charlie Lees tweet about the belief that the token could take over the market including the Bitcoin in the near future. Another reason could be because of the Litepay, which enables both merchants and enterprises to accept LTC for payment transactions. The LCC recently performed a hard fork for its cryptocurrency as a way to create a new virtual currency. The new currency debuted with its first price of $1.40, while the LCC is trading at $5.89. Most traders and investors who had secured a few Litecoin assets gained from the offer whereby each Litecoin holder was receiving 10 LCC for every LTC they had, a move that Lee was against its launch and termed it a scam. However, the industry is positively accepting the Continue reading >>

Criminals May Ditch Bitcoin For Litecoin, Dash, Study Says

Criminals May Ditch Bitcoin For Litecoin, Dash, Study Says

Criminals May Ditch Bitcoin for Litecoin, Dash, Study Says In the next six to 12 months, the most widely used digital coin is poised to lose its spot as a dominant payment method on the dark web, according to a study by cybersecurity firm Recorded Future. Its biggest competitors? Litecoin and Dash. (Bloomberg) --It may seem like everyone from Grandma to Goldman Sachs Group Inc. has piled into Bitcoin in the past year, but theres at least one group thats looking for a way out: Criminals. In the next six to 12 months, the most widely used digital coin is poised to lose its spot as a dominant payment method on the dark web, according to a study by cybersecurity firm Recorded Future. Its biggest competitors? Litecoin and Dash. Transacting with Bitcoin has become more expensive and less efficientas an influx of users has put strain on the network, leading to higher fees. As a result, some cryptocurrency enthusiasts -- including criminals, who were among Bitcoins earliest adopters -- have resorted to other digital coins. Bitcoin is still the gold standard for transactions in the illegal underworld, but its losing ground to some of its crypto cousins, the study found. Litecoin, the sixth-most valuable digital currency, is now accepted by nearly one third of all dark-web vendors who take alternative payment methods. Dash, the 12th-biggest cryptocurrency, is accepted by 20 percent of the market. The Dash network is not aware of a single Darknet market that uses Dash on its platform, said Ryan Taylor, Dash Core Group Inc.s chief executive officer, in an email sent by an external spokesman. We believe it is an absurd assertion that the report concluded that 20 percent of vendors accept Dash for Darknet transactions. Numerous publicly available reports, even with Tor and VPN assis Continue reading >>

New Crimekit Atrax Exploits Tor, Mines Bitcoin And Much More

New Crimekit Atrax Exploits Tor, Mines Bitcoin And Much More

November 27, 2013 By PierluigiPaganini Atrax, yet another commercial crimekit on the black market, a malware able to exploit Tor and that implements numerous features including Bitcoin mining. Atrax is the name of the last crimekit that is sold in the underground market , its particularity is the capability to exploit Tor networks to communicate with Command & Control infrastructure. Jonas Mnsted of the Danish security firm CSIS, published a blog post that describes in depth the crimekit. The malware isnt the first agent that adopted as communication channel the Tor network, we found in the past other botnets exploiting the same trick to high malicious traffic, recently Mevade was responsible for the spike in the Tor traffic, whilegoing further back in time we can mention Skynet The Atrax crime kit is cheap, it is available forruns about $250, and appears very attractive due a series of features like Bitcoin mining , Litecoin mining, browser data extraction and a component to launch DDoS attacks . The DDoS module offer complete support for both Full IPv6 and IPv4 and implements principal attack techniques including UDP Flood,TCP Flood,TCP Connect Flood, HTTP Slowloris and many other methods. The recent explosion in Bitcoin value is attracting cybercrime, for this reason authors of Atrax included in the crimekit dedicated features including the capability to steal information from users Bitcoin wallets (such as Armory, Bitcoin-Qt, Electrum and Multibit). As many other crimekit, Atrax was designed with a modular structure, a series of add-ons implements the above functionalities and follow an efficient model of sale, a plugin stealer is sold for $110, the form grabber for $300 and an experimental add-on for coin mining at $140, surprising the fact that Atrax comes with f Continue reading >>

Litecoin Is Getting Lit With The Litecoincash Hard Fork (1:10 Ratio)

Litecoin Is Getting Lit With The Litecoincash Hard Fork (1:10 Ratio)

Litecoin Is Getting Lit With The LitecoinCash Hard Fork (1:10 Ratio) Those of you that bought Litecoin ($LTC) in the dip, might be able to make some attractive returns on that buy. One could think crypto is a kitchen business with all that forks and knives to catch, and now the time has come for a sleeping giant: LTC.There is LitecoinCash to come, which brands themselves as Litecoin Hard Fork, but this is just a marketing ploy due to Charlie Lee. However, this means freecoins and the project sounds pretty promising. Truth to be told, everyone is crying SCAM right now we think it is just clumsy marketing in combination with an unfortunate distribution of the free coins, by the help of the developed LCC wallet (which will need your private key). Good news for miners: you can search your old Bitcoin SHA256 mining hardware in the cellar and get ready for SHA256 Litecoin with fast transactions and minimal fees. LitecoinCash seems to offer lots of advantages in comparison to other coins, like a target block time of 2.5 minutes and 90% cheaper transaction fees than Litecoin. Fast transactions & low fees? This is very lit of you, LitecoinCash. Even better if we can get our first coins for free. As firm believers & holders of Litecoin (which we see as a slow-and-steady-grow-coin to hold) we are excited that we will receive LiteCash in a 1:10 ratio, which means for every LTC we hold on the blockchain on the hard fork, we will receive 10 LCC for free. LitecoinCash can be mined with SHA256 mining hardware Replay attack protection for the hard fork Hard fork comes with address prefix to prevent confusion and inter-chain issues. The mining difficulty will be recalculated every block (as known from DASH) Official website: When will the Litecoin/LitecoinCash Hard Fork happen? The fork Continue reading >>

Litecoin Versus Bitcoin

Litecoin Versus Bitcoin

Bitcoin is considered to be digital gold to many investors whereas Litecoin is considered digital silver. Several technical and marketing advantages of Litecoin are explained. Bitcoin has gone up 1,300% in one year whereas Litecoin is up 2,400%. Bitcoin is getting all the attention these days. But, there are many alternatives to Bitcoin if you're looking to put money into a cryptocurrency. I won't make you wait; I'm going to be talking about Litecoin. This will be fun. But first, I'm going to start with a couple of assumptions. Assumption #1 - You're interested in Bitcoin and cryptocurrencies but you feel like you've missed out. Is there another potential speculation opportunity? Assumption #2 - You're willing to accept that any alternative to Bitcoin could be even more volatile, unstable and mysterious. Or, maybe some alternatives just aren't as well understood by the market providing an opportunity. Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin. Here's a quick visual for you that provides a rough-and-ready comparison to the better known Bitcoin: How is Litecoin better than Bitcoin? First, Litecoin has cheaper transaction fees. It's a few pennies with Litecoin and $5-6 per transaction with Bitcoin. That makes Litecoin significantly more cost effective tha Continue reading >>

I Accidentally Killed It: Parity Wallet Bug Locks $150 Million In Ether

I Accidentally Killed It: Parity Wallet Bug Locks $150 Million In Ether

I Accidentally Killed It: Parity Wallet Bug Locks $150 Million in Ether Join our community of 10 000 traders on Hacked.com for just $39 per month. The Ethereum ecosystem encountered another black swan event this week with the activation of a bug in the multi-signature wallet software released by Parity Technologies. The bug resulted in multi-sig wallet users permanently losing access to an estimated $150 million in funds. Leading some people to compare the significance of the event to the infamous collapse of bitcoin exchange Mt. Gox. With those words and a link to an ethereum contract address on Etherscan, Github user devops199 revealed that he or she had inadvertently exploited a bug in the Parity Wallet library contract. Apparently, the user had turned the library contract into an ordinary multi-sig wallet and had become the owner of that wallet. Recognizing what had happened, the user attempted to delete the code that had transferred the wallet ownership. However, because the wallet contained library contract code and all Parity multi-sig wallets rely on that code for their internal logic the deletion of the code permanently froze the approximately $150 million in funds stored in Parity multi-sig wallets. Developers are currently exploring potential solutions to recover access to the funds, but early reports indicate that the funds would only be recoverable through a hard fork to the Ethereum platform. One of the biggest cybersecurity challenges with smart contracts is that theyre made up of code, just like any other application. This is prone to human error, said Leigh-Anne Galloway, cyber resilience lead at Positive.com, which protects ICOs from cyberattack. Its also quite hard to make changes to the contract once it goes live, which is why weve seen that the fun Continue reading >>

The Dao Again? Fears, Forks And Finger-pointing In Parity Exploit Aftermath - Coindesk

The Dao Again? Fears, Forks And Finger-pointing In Parity Exploit Aftermath - Coindesk

The DAO Again? Fears, Forks and Finger-Pointing In Parity Exploit Aftermath In the wake of one of ethereum's largest-ever security exploits if not the largest the technology's community is showing signs of possible crisis. After "accidentally" hitting a vulnerable patch of code, a developer froze the money in all Parity multi-signature wallets deployed after July 20. Users of these wallets can no longer use the ether, totaling at least $150 million dollars by some estimates. For now, perhaps the closest thing to an official estimate of how much funds were lost comes from a loose group of computer science researchers who found that at least $154 million was lost due to the bug. They were able to obtain the number by looking at the contract that created the mess, then scanning the ethereum blockchain for similar smart contracts, University College London research associate Patrick McCorry told CoinDesk. In dollar terms, that's about three times the size of The DAO hack , an incident seen as perhaps the darkest event in ethereum's history. Though the exploit doesn't affect ethereum as a whole, some in the community are worried the consequences will be far-reaching nonetheless. Vulcanize engineer Rick Dudley told CoinDesk: "My thoughts are we should seriously consider as a community what the limit of our forgiveness is. At what point do we have to start ostracizing people for security failures?" He went on to call this an "existential risk" for the smart contract platform. Still, ethereum developers are quick to point out that this is a problem with the smart contract code built on top of ethereum, not with ethereum itself. "It emphasizes what we already knew, that writing smart contracts is hard and that were still learning best practices and the chance to introduce bugs Continue reading >>

Hackers Find Exploit Through Ss7 Sms 2fa To Empty Bitcoin Wallets

Hackers Find Exploit Through Ss7 Sms 2fa To Empty Bitcoin Wallets

Hackers Find Exploit Through SS7 SMS 2FA to Empty Bitcoin Wallets Imagine using a highly touted security feature, only to see it backfire in the most spectacular way, causing you to lose more than just time but also money. Now imagine it happening to a Bitcoin wallet that youve carefully guarded for the past few months or years. It surely isnt a pleasant thought. More than just a scary thought experiment, the above is actually a very real threat for many owners of Bitcoin wallets. Basically, anyone who has enabled two-factor authentication through SMS can be robbed of their bitcoins. and all it takes is some basic personal info. The flaw lies in the public switched telephone network, or PSTN , where a certain part of the established protocol called Signaling System No. 7 can be exploited to intercept any incoming SMS anytime and anywhere. Though it has been a known phone network exploit for quite some time now, it still hasnt been remedied. And so, security researchers and hackers alike have access to it as a go-to method of violating peoples privacy and exposing them to all kinds of trouble. Recently, researchers from Positive Technologies , a Russian security firm, were able to use the SS7 exploit to snag control of a bitcoin wallet on Coinbase (by compromising 2FA of associated Gmail account) and remove its contents. They put together a video with explanations, which you can watch here: What they did here was just show the possibilities with such an exploit. And from the looks of it, as long as a hacker has access to a users first name, last name, and mobile phone number, then theyre good to go. And the extent of the damage isnt just limited to bitcoin wallets. In fact, hackers with knowledge of the exploit and access to a users personal information can also comprom Continue reading >>

With Segwit, Litecoin Faces A (soft) Fork In The Road

With Segwit, Litecoin Faces A (soft) Fork In The Road

With Segwit, Litecoin Faces a (Soft) Fork in the Road Litecoin is implementing Segwit, and that could lead to increased interest in thealternative cryptocurrency once ranked largest after Bitcoin, but now ranked third after Ethereum and Ripple. As the Bitcoin community still debates what solution it would like to implement to solve the block size debate, the Litecoin community seems to be placing its vote with Segwit, a soft fork solution proposed by the Bitcoin Core development team. Litecoin has been around for some time, but founder Charlie Lee, Coinbases director of engineering, does not tend to the digital currencys garden as much as would be needed to evoke sustained confidence in the project. Litecoin entails key differences when compared to Bitcoin. Leeshowed foresight by predictingthe block size crisis, wherein Bitcoin would need to change its code in order to scale and thus allow for growing numbers of transactions. Lee kept this in mind while making the Litecoin platform, in which 84 million litecoins are to be mined in total. He continues to retweet people who suggest that, instead of risking a split chain in Bitcoin due to an unpopular soft or hard fork, crypto-users use Litecoin for small transactions . While Bitcoin (once called by many, digital gold) was to act as a savings or long-term speculative digital instrument, Litecoin (referred to sometimes as digital silver) would be the day-to-day transactional currency crypto-currency users employed. What weve seen instead is a complete ignorance of Litecoin, due in part to lackluster marketing since the early days, when it appeared in the likes of Vice and Wired. Litecoin held a more than one billion dollar market capitalization in early 2014. However, its price history since then has been unremarkable and Continue reading >>

Bitcoin Is Testing $9,000, But Litecoin Is The One To Watch

Bitcoin Is Testing $9,000, But Litecoin Is The One To Watch

The crypto market is doing just fine this morning, as Bitcoin and all its peers are continuing their ascent to new heights. Bitcoin is testing the $9,000 resistance level, up 4% since yesterday. The top 10 coins by market cap are all on the rise compared to the other day, but the one coin you should keep your eyes on right now is Litecoin. Unlike most other coins, which are trading 2% to 4% higher than yesterday, Litecoin is up by 21.52% as of this writing. That puts its price at around $188 per coin. So whats happening? Don't Miss: The best-selling smartphone accessory weve covered so far in 2018 is on sale for 6 hours only Its unclear why Litecoin is surging, but the imminent launch of the Litecoin Cash fork may be one good guess. Litecoin Cash, which may very well be a scam as its in no way affiliated with the original Litecoin project, will award Litecoin holders 10 Litecoin Cash coins for each original Litecoin token. You should be careful with your Litecoin possessions. In other news, crypto malware has been found hiding in millions of Android devices, per Malwarebytes. The malicious program would redirect Android devices to a website that would hijack their power to mine for Monero (XMR). A similar exploit affects the desktop version of Telegram Messenger, NewsBTC reports , citing research from Kaspersky Lab. As you can see, plenty of people are looking to mine Bitcoin and other coins, even if that means doing it illegally. The legal route is getting more and more expensive. JP Morgan said in a research note to customers seen by Business Insider that miners are currently in a hash rate arms rate, which means its more expensive than ever to mine Bitcoin. The bank says that it currently costs $3,920 to mine a single Bitcoin, which currently trades for around $9,00 Continue reading >>

Litecoins High Transaction Fees, Unconfirmed Transactions, And Indicators Of Its Growing Economicvalue

Litecoins High Transaction Fees, Unconfirmed Transactions, And Indicators Of Its Growing Economicvalue

Call me E for short. I write on upcoming cryptotrends. Follow me: @ecurrencyhodler @theliteschool www.theliteschool.com Litecoins High Transaction Fees, Unconfirmed Transactions, and Indicators of Its Growing EconomicValue Today, there have been various reports of high Litecoin transaction fees and long confirmation times. Heres a screenshot from r/litecoin today: Now there is some FUD (Fear, Uncertainty, Doubt) that this is an attack on Litecoin. However, this is unlikely because most transactions have been proportionate to their fees. In other words, you dont see 0.0001 LTC transactions with a 0.001 LTC fee. Instead, it is more likely that the Litecoin ecosystem is simply growing. People input high transaction fees to ensure that their transactions got through As LTC blocks were getting fuller, people started inputting higher transaction fees so that their transactions would go through ahead of others. Wallets first were sending standard Litecoin transaction fees which then became considered low transaction fees comparative to these higher ones. In light of this, they were pushed to the bottom of the miners list of transactions to process. However, wallets with dynamic fees caught on to the trend and started increasing their own transaction fee so that their customers/users transactions would go through. This is what caused the overall spike in Litecoin transaction fees today. Why Has My Transaction Been Pending ForHours? To properly understand whats happening, lets take a look at a snapshot of the blocks earlier today. Ive color-coded various miners/miningpools to help better understand whats happening: At first glance, the range of block sizes from 49kb-999kb might be jarring. But the consistency of blocksizes, relative to the miners who are blocking them, should t Continue reading >>

Asicboost Covertly Exploits Bitcoin Mining, Litecoin Embraces Segwit, & More Ymb Podcast E169

Asicboost Covertly Exploits Bitcoin Mining, Litecoin Embraces Segwit, & More Ymb Podcast E169

This is episode 169 of You, Me, and BTC your liberty and Bitcoin podcast! To kick things off today, well dive into a discussion about a Bitcoin mining method called ASICBOOST. The concept makes Bitcoin miners as much as 30% more efficient, which could generate an estimated $100 million in additional annual revenue for a large mining operation. Efficiency is usually a good thing, but ASICBOOST comes with extra baggage that has been causing drama in the Bitcoin space. First of all, the idea is patented. That might sound absurd, but its true. So tonight well chat about what it means for Bitcoin. Would miners really respect this kind of patent? But ASICBOOST gets even more interesting when it comes to Segregated Witness because the two technologies are not compatible. Some have theorized, then, that certain miners have been so hesitant to adopt SegWit because they are covertly profiting from this exploit. How likely is that? Is this why Roger Ver hates SegWit? Then later in the show, well cover some more positive SegWit news. While Bitcoin struggles to get miners on board with the improvement, the majority of Litecoin miners already support it, meaning it could kick in for the altcoin at any time. Is this good? What will happen when it starts? Well have the scoop and endless opinions while were live tonight. Check the list below for some of the specific stories well cover! SegWit Hype Sees Litecoin Price Pass $10 For First Time Since 2014 Your hosts are Daniel Brown and Tim Baker. Dont forget to scroll down so you can keep up with our open tweet lines, vote in this weeks Bitcoin poll, and share your thoughts in the comments! Every click helps. If this Bitcoin podcast was interesting, entertaining, obnoxious, or anything else, use the share buttons to let others know that i Continue reading >>

Glossary - Windows Defender Security Intelligence

Glossary - Windows Defender Security Intelligence

Also known as a browser add-on. ActiveX controls give you extra features in Internet Explorer, such as automatic updates and website animations. Some websites will ask you to install an ActiveX control when you visit. Malware can take advantage of vulnerabilities in ActiveX controls. Cybercriminals can make malicious ActiveX controls to download and run programs on your PC. See also: browser helper object . A targeted attack against a specific entity that tries to avoid detection and steal information over a period of time. Usually, the attacker behind the APT will use several pieces of malware and security technologies to build up an attack. Software that shows you extra promotions that you cannot control as you use your PC. You wouldn't see the extra ads if you didn't have adware installed. We give all the malware that we detect an alert level. This level depends on how easily the malware can spread and the potential damage it can do. The different alert levels are explained in the Understanding alert levels page. A different name for the same malware. Malware names can differ from one security provider to another. Stands for " Application programming interface". APIs are used to access common, low-level functions. Programmers can use APIs to easily access these functions when they develop their software. Someone who has signed in to a website or logged on to a PC or network with the correct user name or password. A loophole or vulnerability that lets a malicious hacker use a program on your PC without needing a user name or password. A type of trojan that gives a malicious hacker access to and control of your PC. This means they may be able to tell your PC what to do or monitor what you do online. A bot is a type of backdoor trojan. A type of detection based on file Continue reading >>

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