7.30am MORNING HEADLINES
Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
Don’t call it a comeback…yet. BTC is currently priced at $9,766, marking a $281 rise on the day so far.
Ethereum is slowly creeping back to the $1,000 mark, with XRP also slowly headling north albeit at $0.01 per spell – a scoring rate with which England cricket fans will be all too familiar.
Ukrainian ‘poison ad’ hacker group is exposed
A Ukrainian hacker group dubbed Coinhoarder has been exposed by Cisco’s Talos cybersecurity team after stealing more than $50 million in cryptocurrency from users of Blockchain.info, one of the most popular providers of digital currency wallets.
The report reveals how thieves mastered a “very simple” technique through buying Google ads on popular search keywords related to cryptocurrency “to poison user search results” and snatch the contents of crypto wallets.
In short, if you ever searched for terms like “blockchain” or “bitcoin wallet,” you would see links to malicious websites masquerading as legitimate domains for Blockchain.info wallets.
The “massive phishing campaign” was part of a six-month investigation between Cisco and Ukraine’s Cyberpolice.
Facebook banned all cryptocurrency ads earlier this year, and now Google is reported to be working to root out abusive ads.
Updates below throughout the day….
9.18am – UPDATE – ‘I regard the Bitcoin craze as totally asinine’
BTC is priced at $9,936, a $458 dollar rise on the day so far.
Bitcoin, ripple, ethereum and all other cryptocurrencies should be “destroyed” by the US Government because they are a “poison”, a billionaire investor who was the deputy to Warren Buffett has declared.
Charlie Munger, 94-years-old, is an extremely successful Chairman of the Daily Journal Corporation, but he criticised the digital currencies while addressing a crowd during a two-hour meeting in downtown LA.
In answering a question from an eager listener he criticised the increasing interest in cryptocurrencies as stupid.
He said: “I regard the Bitcoin craze as totally asinine.”
Read the full report here.