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Iran Legalized Cryptocurrency Mining As An Industry

M. Ali

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Iran’s government has officially recognized cryptocurrency mining as an industry. It’s now legal to mine cryptocurrencies in Iran but trading cryptocurrencies would require a license. This was reported by Aljazeera.

Cryptocurrency mining, or cryptomining is a process where computers solve complex math problems on the cryptocurrency network, they produce new coins as well as a process used to secure the network the coin operates on. The people who mine a coin, are known as miners. Therefore, instead of having a central authority that controls and secures the money supply, this control and security is spread out across the network that miners help to maintain and they will be rewarded for their rule in the network.

The Iranian Ministry of Energy will announce the electricity peak hours where cryptocurrency miners will not allowed to min during these hours.

The cabinet decisions come just over one month after various factions of the government, especially the Ministry of Energy, intensely cracked down on cryptocurrency miners who were accused of taking advantage of the country’s cheap, subsidised power.

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Bitcoin

A Backdoored Tor Browser is Being Used to Steal Bitcoin From Tor Users

June G. Bauer

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Tor-Browser-Backdoor

A trojanized version of the Tor Browser is currently targeting Russian users to steal their Bitcoin funds. This was discovered by ESET security researchers.

When victims try make any Bitcoin transactions, the Backdoored Tor browser will automatically replace the original destination address with another address controlled by criminals.

The attackers are promoting their trojanized version of the Tor Browser through posting spam message on some popular Russian cryptocurrency websites to encourage victims to download and use the infected browser. Two domain names are used to distrubute the infected browser tor-browser[.]org and torproect[.]org

At the moment of publishing, the cryptocurrency wallets controlled by the attackers received 863 transactions worth of $40,000 in Bitcoin cryptocurrency.

Example of spam message promoting tor-browser[.]org . Image credit: welivesecurity.com

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Malicious WordPress Plugins Used to Mine Cryptocurrencies

June G. Bauer

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WordPress Plugins Used to Mine Cryptocurrencies

Security researchers at Sucuri have discovered a number of fake and malicious WordPress plugins that are being used not just to maintain access on the compromised websites but also to mine cryptocurrencies.

WPframework is a commonly used WordPress malicious plugin that hides itself to be a legitimate plugin, but its a PHP backdoor that will allow attackers to maintain their access even after the initial infection vector has been cleaned up.

The plugin will download Linux executable binary files to mine cryptocurrencies in the background.

What is WordPress?

WordPress is a widely used open source content management system (CMS) written in PHP with back-end MySQL database. WordPress is considered to be the easiest and most powerful blogging and website content management system in existence today. Right now, there are around 75,000,000 websites are using WordPress.

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A 148 Years Old Church is Being Sold for 182 BTC in UK

June G. Bauer

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church-btc

A 148 Years old church located in Durham, North East England is up for sale for around 182 BTC (£1,200,000).

The church dates back to 1871 and was designed by the Darlington based architect JP Pritchett . The listing is posted on UK property portal Rightmove.

According to the listing, the vendor is willing to accept the cryptocurrency Bitcoin (BTC) as a method of payment. The final sale price in BTC is to be agreed and confirmed with the vendor and will depend on the market valuation of BTC at the time of sale.

Image Credit: RightMove.

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