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Uganda Govt Warns Public Against Cryptocurrencies

M. Ali

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Matia Kasaija, Uganda’s minister of finance has warned the public against dealing in Bitcoin and other cryptocurrencies as crypto is currently not regulated in Uganda.

He also added, the fact that they are not backed by any assets makes it a high-risk venture. When one loses, they lose everything and no one is compensated.

The government of Uganda has not licensed any organization in Uganda to sell cryptocurrencies or to facilitate the trade in cryptocurrencies and so these organizations are not regulated by the Government or any of its agencies

Matia Kasaija said

Addressing journalists at the Uganda Media Centre in the capital city Kampala on Monday, September 30, 2019 Matia Kasaija said, The nature of cryptocurrencies make them attractive for use in criminal transactions such as money laundering, sale of prohibited goods and services, and fraudulent venture such as Ponzi and pyramid schemes. In conclusion, the public is advised to appraise themselves of the risks associated with cyber-currencies, and exercise caution before they make transactions involving such products.

Daily cryptocurrency trader, miner, technology enthusiast and a full time IT and security consultant. If you have any questions or comments please feel free to email him at [email protected]

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Bitcoin

Now You Can Earn Free Bitcoin When Shopping With Alibaba Online

Sying Tien

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Lolli-Partners-Alibaba

Now you get up to 5% of your purchase back when you shop with Alibaba. This made possible through a recent partnership agreement between the online retailer giant, Alibaba and Lolli Bitcoin shopping rewards app.

“I’m excited to partner with Alibaba on Singles Day and offer the opportunity to earn bitcoin back to its shoppers. This is a milestone partnership for Lolli as Alibaba is the largest retailer and e-commerce company in the world, launching on Single’s Day, the world’s largest shopping day of the year. Our partnership allows our users to earn free bitcoin on millions of products online every day. Arguably the most important piece of this partnership is that it supports our mission of connecting the entire world through commerce.”

CEO and Co-founder of Lolli, Alex Adelman, said

Lolli is the first bitcoin rewards application that lets people earn & own bitcoin when they shop online. Lolli has partnered with 500+ top brands to help drive sales and conversions on their sites. Lolli’s users can earn Bitcoin by using Lolli after activating and making a qualified purchase on one of Lolli’s merchant partner sites.

The Chinese e-commerce giant Alibaba made yesterday 91.2 billion yuan ($13 billion) in sales during the Singles’ Day event. According to Statista, the annual revenue of Alibaba in 2018 was 250 billion yuan and its estimated be reach 376 billion yuan in 2019.

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Video: Roger Ver Paying Dividends on Blockchain is Game-Changing

June G. Bauer

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Bitcoin.com’CEO Roger Ver and one of the first investors in bitcoin and bitcoin related startups talks about why he thinks a new tool to pay dividends on blockchain to anonymous bearer shares is game-changing and answers questions.

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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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