Twitter Implements Scam Safeguards, but Google’s Account Still Gets Hacked

Twitter has been on the losing side of an ongoing battle with scammers who are leveraging the platform’s user base to steal cryptocurrencies. However, the company has revealed that it’s implemented some safeguards in an attempt to reduce the frequency of such scams and better protect its users.
Twitter Issues Statement, Implements Scam Countermeasures
Twitter, the popular social media platform originally known for limiting discussion to 140 characters, has been fighting a growing trend where cybercriminals hijack accounts – often verified accounts – of major brands, big-name celebrities, and cryptocurrency industry executives and entrepreneurs.
The likenesses are imitated, and then used to lure users into sending a small sum of cryptocurrency to a scammer’s wallet, with the promise of a larger sum being sent in return. Except the sending user is left high and dry after they realize they are not only getting the promised larger sum, but that they’ve lost the initially sent assets as a result of the scam.
Related Reading: Crypto Scammers Steal $150K Posing As Elon Musk
Yesterday, one of the U.S.’s largest retail chains, Target, had their verified account of 1.92 million followers hacked.
A posted tweet on it stated that it was doing a cryptocurrency giveaway that led to over $38,000 in Bitcoin being stolen from Target’s customers. Target issued a statement apologizing to its customers and explaining the situation. However, the retail giant cannot be too pleased with the way Twitter has allowed this problem to run rampant on its platform, and continue to escalate.
Following the incident, Twitter issued a statement.

“We’ve been in close contact with Target this morning and can also confirm that their account was inappropriately accessed for approximately half an hour, after which we swiftly locked the account so Twitter could thoroughly investigate the issue,” the company told Hard Fork.

Twitter also claimed it had discovered additional security breaches, and has since implemented some countermeasures aimed at thwarting future attempts from cryptocurrency scammers.
Google’s Account Hacked Following New Countermeasures
Not even hours later after Twitter’s statement, the G Suite verified account owned by Google was also breached, and used for wrongdoing. The G Suite account has over 800,000 followers, meaning that well over 2.5 million users were exposed to scammers in less than 24 hours due to the social media giant’s inability to stop the spread of the ongoing issue.
Google removed the tweet, and said they were “investigating with Twitter now.”
The company appears to be defenseless in the fight against these cybercriminals, which are said to reach as many as 15,000 bots as part of a growing botnet designed to scam Twitter users out of their crypto.
Jack Dorsey, Twitter’s CEO, claimed the firm was “on it,” and began exploring using “untapped potential” blockchain offers as a way to improve transparency and accountability on the social media platform.
Featured image from Shutterstock.
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Target’s Official Twitter Account Falls Victim to Bitcoin Scammers, Google Becomes the Next

CoinSpeaker

Target’s Official Twitter Account Falls Victim to Bitcoin Scammers, Google Becomes the Next

Cryptocurrency scams stand up on a new level as nowadays the biggest industry players are caught into a trap of the frequent Bitcoin frauds.

Target’s Official Twitter Account Falls Victim to Bitcoin Scammers, Google Becomes the Next

Continue reading at Coinspeaker
Source: CoinSpeaker

Ethereum [ETH] is a powerful platform if it figures out global synchronization, says ex-Google CEO

Eric Schmidt, the former CEO of Google and Executive Chairman at Alphabet, one of the most influential technology executives in the world, recently spoke at a live event hosted by Village Global, an early-stage venture capital. At the event, Schmidt gave his insights on blockchain and expressed his views on whether it was overrated or underrated and said:
“In the public format it [Blockchain] is overrated but in its technical use it is underrated.”
Blockchain, as a concept, is highly overrated in the public format because some speculators relate it to the boom of Bitcoin in 2017, which gave blockchain the spotlight. Blockchain is underrated because it has a lot of use-cases that are not being implemented yet.
The former CEO said that blockchain is a great platform for Bitcoin and other currencies as it’s being used for private banking transactions where people don’t trust each other. He explained that the use-cases for Blockchain that we are developing are the tip of the iceberg. He said:
“The most obvious example being the capability of Ethereum. And if Ethereum can manage to figure out a way to do global synchronization of that activity, that’s a pretty powerful platform. That’s a really new invention.”
Recently, Metamask announced, in a tweet, the launch of Ethereum private browser, Metamask 5.0. The main feature of the browser is that it allows users to interact between all Ethereum-based websites. Metamask also mentioned that this new feature would not be ideal in terms of users’ privacy as it would expose the Ethereum address of the user to the public.
Ethereum, also known for its smart contracts and wide adoption, recently lost its second spot and slumped to the third rank as XRP overtook it during its recent rally on November 6. Although XRP enjoyed its position briefly, Ethereum regained its position a few minutes later.
The post Ethereum [ETH] is a powerful platform if it figures out global synchronization, says ex-Google CEO appeared first on AMBCrypto.
Source: AMB Crypto

Ex-Google CEO: Ethereum Has a Tremendous Potential

CoinSpeaker

Ex-Google CEO: Ethereum Has a Tremendous Potential

Former Google CEO Eric Schmidt recently revealed that he’s a fan of blockchain technology and digital currencies, specifically referencing the likes of Bitcoin (BTC) and Ethereum (ETH).

Ex-Google CEO: Ethereum Has a Tremendous Potential

Continue reading at Coinspeaker
Source: CoinSpeaker

CryptoKitties Raises $15m from Venrock, Google, Samsung, and More

Blockchain-based virtual game CryptoKitties has raised US$15M in financing led by Venrock, with participation from GV (formerly Google Ventures) and Samsung NEXT. Funds raised will be used to establish a U.S. subsidiary, hire leading executives in the U.S. and Canada, and develop its infrastructure.
High-Profile Investors Line Up to Back Consumer Blockchain Success CryptoKitties With $15m
The $15 million raised by Dapper Labs, the company behind CryptoKitties, included other high-profile investors, such as Endeavor; eSports leader aXiomatic, and the Andreessen Horowitz Cultural Leadership Fund CoinFund. Other investors include Animoca Brands, June Fund, HOF Capital, John Pfeffer, GBIC, and Matt Bellamy, the lead singer of Muse.
A previous funding round raised $12 million from Andreessen Horowitz (a16z), Union Square Ventures (USV), Fred Ehrsam (Coinbase co-founder), Naval Ravikant (AngelList founder), and Mark Pincus (Zynga founder). Dapper Labs disclosed other investors from its previous round: Jeffrey Katzenberg’s WndrCo; Steve Huffman, the founder and CEO of Reddit; and Green Bay Ventures.
Dapper Labs has announced the funding will be used to expand CryptoKitties globally, including a U.S. subsidiary led by former executives from Unity and Disney, and additional hires for the Canada office from Ubisoft, EA Sports, Amazon, ESPN, Hasbro, and Zynga. The newly added strength to Dapper Labs will work to develop and market the successful consumer blockchain product, according to the firm’s CEO Roham Gharegozlou.
“The evolution of true digital ownership and the interoperability of smart contracts creates new ways for consumers, creators, and platform providers to interact completely peer-to-peer, with no middlemen. Our mission at Dapper Labs is to use games and entertainment to bring the values of decentralization to billions of consumers worldwide. This round of financing was about getting the right partners around the table to bring compelling content to the blockchain – and make sure usability and infrastructure allow for adoption by mainstream consumers.”
The success of Cryptokitties has gained widespread attention and investment firms are lining up to back the disruption of the gaming industry with blockchain. David Pakman, a General Partner at Venrock, joined Dapper Labs’ Board of Directors.
“The team at Dapper Labs impressed us with their vision. More than any other company in this industry, they truly understand and aim to reach the mainstream consumer. The blockchain will usher in an industry of scarce digital assets and will enable new types of self-expression. Combined with the transition from centralized to peer-to-peer commerce, this will unlock trillions of dollars in value for consumers.”
CryptoKitties is responsible for 3.2-million transactions and tens of millions of dollars transacted on the platform, making it the world’s most used consumer blockchain application outside of exchanges. Launched in late 2017, the game showcases an application for blockchain beyond cryptocurrencies, bringing mainstream users completely new to blockchain into the industry. The fun and approachable experience appeals to a very broad audience and lowers the barrier to entry for blockchain.
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Source: New feedNewsBTC.com

Engineers are Leaving Silicon Valley Firms to Crypto; Sign of Demand

In recent months, an increasing number of engineers and developers announced that they are leaving established Silicon Valley tech companies in search for new opportunities in the world of blockchain and crypto.
Firms like Facebook, Apple, Google, Netflix, and Amazon are all viewed as target companies for most engineers. However, even these giants are rapidly losing their best developers to the growing blockchain industry.
Engineers’ Fascination with Blockchain Technology
A lot of these technicians, such as Facebook’s former engineer Maximilian Wang, or Qi Zhou, who worked at both, Facebook and Google, have left these firms to pursue the blockchain. They were among those who discovered blockchain technology relatively early, meaning prior to the explosion of cryptocurrency in 2017. Ever since then, they were fascinated by it, and they quickly became investors into crypto.
Despite the fact that this was only a little over a year ago, blockchain and cryptocurrency were still far from being as well-known as they are today. Because of that, even the most optimistic investors had doubts, but also strong faith in the new tech. After the crypto craze kicked off, numerous investors such as Preethi Kasireddy decided to leave their former positions and try their luck in the blockchain world.
While this was undoubtedly a big risk to take, they believed that it was worth taking. The blockchain world greeted them with open arms. Not only are engineers coming from big companies highly skilled and sought after in the crypto and blockchain industries, but their background also brings new credibility to these projects.
It is known how difficult it can be to get a good position in firms like Google, Facebook, or Amazon. And when someone from those position leaves for a specific blockchain project, that is a big nod to this project’s quality and potential. Furthermore,  a lot of engineers in these companies are young people, in their late 20’s or early 30’s, which allows them to quickly understand and accept new concepts.
Why Crypto and Blockchain Won’t Work Within Large Firms
A lot of these engineers are not leaving tech firms for blockchain and crypto in their desire to earn better. Instead, they are leaving simply due to their belief in this technology, and its potential to take over traditional methods at some point in the future. They wish to help this technology reach that point. However, they cannot hope to work on the blockchain within the large companies.
Some firms like Facebook have developed an interest in the blockchain, and have even launched teams that will research this technology. However, due to the fact that Facebook is a large, well-established company, it has far more restrictions than startups that are free to shape themselves however they like. Another large issue comes from ICOs. If Facebook were to launch an ICO, this would be a very sensitive project. It would have to be responsible to the shareholders, it would need good reasons for the move, and it would have to find a way to implement digital coins into its existing business model.
These difficulties will likely prevent large firms from reaching out to blockchain and crypto in the near future. However, engineers and developers still believe that this technology is the future, and they are willing to risk their careers at the largest tech companies in order to help that future arrive sooner.
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Source: New feedNewsBTC.com

Google+ Shut Down due to Data Breach, Could it Boost Brave Browser’s 4.6 Million MAU?

Brave Browser hit another milestone by reaching 4.6 million active monthly users which were 4 million in September beginning. Meanwhile, the search engine giant Google has shut down its Google Plus after the reports of data breach came out that the company neglected to tell anyone. Could this lead to more users for Brave?
Brave browser achieves 4.6 million monthly active users (MAU)
Just recently, Brave Browser’s co-founder and CEO of Brave, who also co-founded Mozilla and Firefox announced on Twitter that its monthly active users have hit the 4.6 million mark.
The open-source web browser has been constantly developing and adding users at a speed as in February this year, the number has been 1.4 million. Just last month, the monthly active users have been 4 million. However, not just users but publishers/creators are also on a constant rise.

Early October @Brave stats:
4.6M MAU
28.7K publishers/creators (23.1K verified)https://t.co/FmKzXcH8sz
— BrendanEich (@BrendanEich) October 5, 2018

One factor that can be attributed for this success of its recently launched an incentive-driven program where users are rewarded for watching selected ads on the Brave platform.
Now, it is a possibility the browser just might see a surge in its users as the popular search engine giant Google faces a lot of backlash for not notifying about the data breach on Google plus.
Also, read: Google Lifting the Sweeping Ban on Cryptocurrency Advertisements
Google Plus to shut down for exposing user data
According to the latest report by Wall Street Journal, earlier this year, Google discovered a software glitch that has the accounts of about 500,000 people compromised. Since 2015, the bug basically allowed third-party developers to access the private profile data.
Google found about the matter of exposed data in the spring but decided not to tell anyone, as per the report. The search giant said in a memo that in order to avoid public and regulatory scrutiny, it kept the whole situation under wraps.
The company noted that Google+ doesn’t have “broad consumer or developer adoption” and that 90% of its sessions are less than five seconds. But, it still has millions of users and a breach that affects the private information of people is a big deal. Though Google patched the vulnerability in March, and now shutting down the service along with implementing additional security features, having kept this a secret isn’t sitting well with the people.
The post Google+ Shut Down due to Data Breach, Could it Boost Brave Browser’s 4.6 Million MAU? appeared first on Coingape.
Source: CoinGape

Google-Funded Veem Uses Bitcoin To Improve Int’l Payments

San Francisco, Calif.-based Veem announced on Wednesday the raising of $25 million in growth funding led by an impressive list of companies, including Goldman Sachs (lead investor), GV (formerly Google Ventures), Silicon Valley Bank, Kleiner Perkins, Pantera Capital and others. The money adds to $26 million that Veem raised in Series B in March 2017, according to Sept. 26 company blog.
The blockchain firm was founded in 2014 and is seeing skyrocketing growth.
Continue reading Google-Funded Veem Uses Bitcoin To Improve Int’l Payments at Crypto Daily™.
Source: Crypto Daily

Google Lifting the Sweeping Ban on Cryptocurrency Advertisements

Google seems to be following Facebook’s footsteps of rolling back its ban on cryptocurrencies and allied services. According to the latest announcement made by the tech giant, beginning this October, it will allow regulated crypto exchanges to advertise in the US and Japan.    
Advertisers will need approval from Google
Even though Google is updating its advertising policy to accommodate regulatory cryptocurrency exchanges it has asked advertisers to get certified by Google for the specific country in which their ads will serve. The application process for certification of advertisers will begin once the policy launches in October. This policy will apply globally to all accounts that advertise these financial products.
Google had banned crypto advertisements in June in order to protect consumers from scams, particularly fraudulent initial coin offerings (ICOs). The wide-ranging ban was for any advertising about cryptocurrency-related content, including initial coin offerings (ICOs), wallets, and trading advice. This blanket ban had restricted legitimate cryptocurrency companies from using Google advertising platform and they were also disallowed to serve ads through any of Google’s ad products, which places advertising on its own sites as well as third-party websites.
With regards to the ban, Scott Spencer – Director, Product Management, Sustainable Advertising at Google was quoted by CNBC saying
“We don’t have a crystal ball to know where the future is going to go with cryptocurrencies, but we’ve seen enough consumer harm or potential for consumer harm that it’s an area that we want to approach with extreme caution,” Scott said.
The rise in susceptible cryptocurrency activities such as fraudulent ICO’s and other vulnerabilities to scam had led to the crackdown on crypto advertisement across the internet with leading tech companies such as Facebook, LinkedIn, Snapchat and Mailchimp all calling for their respective bans.
Also, read: Coinbase Ads are Back on Google, Facebook and Instagram
Facebook reverses ban on cryptocurrencies but continued it for ICO’s
In June, Facebook becomes the first company to reverse its advertising ban on cryptocurrencies and related services, while upholding its ban on the promotion of initial coin offerings (ICOs). The social media giant had said in its announcement that it has been looking into the best way of “refining” its blanket ban on cryptocurrency-related advertising “over the last few months,” in order to “allow some ads while also working to ensure that they’re safe.”   
Facebook’s had also revised “prohibited products and services policy” which now states:
“Starting June 26, we’ll allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings.”
Facebook, like Google, had asked advertisers to submit an application to allow Facebook to assess their eligibility. Applicants were also instructed  to include “any licenses they have obtained, whether they are traded on a public stock exchange, and another relevant public background on their business.”
With Facebook and Google reversing its ban, legitimate blockchain business and exchanges, for now, have a powerful platform at their disposal to reach to millions of customers which are still untapped and unaware about cryptocurrencies. With Google and Facebook now allowing approval based crypto advertisement on their platform, we can expect others to follow the suit.
Will Google and Facebook ad ban reversals improve business dynamics for cryptocurrency and blockchain companies? Do let us know your views on the same.
The post Google Lifting the Sweeping Ban on Cryptocurrency Advertisements appeared first on Coingape.
Source: CoinGape

Bitcoin [BTC] owners at risk; Google’s email security lead says, our data is all over the place

Google’s email security lead Mark Risher, who oversees email fraud, abuse and identity issues, spoke about how people had to readdress the issue regarding threats to their email accounts, in a recent interview with CNBC.
He spoke about individuals bragging about holding a lot of Bitcoin [BTC]s on various public message boards and how that could make them a vulnerable target to scammers. Mark stated that many scammers research potential victims through social media and other sources before approaching them.
Mark oversees the company’s initiatives to protect Gmail and other Google properties against cyber attacks. He said:
“It could just be a case of mistaken identity or guilt by association. They could be using someone who seems to be low value to pivot toward somebody considered a higher value target, like somebody political in nature….. Or maybe they saw that you were discussing Bitcoin on a public message board.”
Risher stated that in such cases, the attackers would get access to social profiles or email accounts of individuals and use it to fish out valuable information. Attackers would also break into financial accounts or cryptocurrency wallets of individuals and reset their password.
The email security lead opined that people who hold cryptocurrencies in digital wallets had become a common target to attackers. Many of the victims are often those who have been actively posting on public message boards through which attackers attempt to get access to their email accounts. He further stated that many cryptocurrency wallet providers would allow users to reset their digital wallet through email to get access. Attackers used the email reset option and open the wallets to steal cryptocurrency.
According to Mark, scam messages are not like the decade-old email scams. Attackers do vigorous research on the victim, making the email attack indistinguishable from the personal messages we receive from friends or family. He added that people tend to contribute to this growth by forgetting about the email addresses, message board posts, and social media accounts created by them. Thus, the amount of data we share grows and scam messages would seem authentic. Criminals were also targeting executives at prominent businesses or political figures by finding the people who work with them or were connected to them.
Recently, the official MEGA chrome extension was compromised, allowing attackers to access saved passwords, usernames, and cryptocurrency wallet addresses of individuals from Amazon, GitHub, Google, and Microsoft portals.
The post Bitcoin [BTC] owners at risk; Google’s email security lead says, our data is all over the place appeared first on AMBCrypto.
Source: AMB Crypto

Google Silently Pulls Popular Crypto Wallets From Play Store

Throughout 2018, Google has amended policy after policy across its suite of web-based products relating to cryptocurrencies. In the their latest move, cryptocurrency wallets have been swept away off the Google Play store without warning.
Google Removes Bitcoin Wallet, CoPay, and BitPay Without Warning
According to a new report from Hard Fork, the Mountain View, California, tech and search giant has mysteriously removed three popular cryptocurrency wallets from its Google Play Store without any notice given to the app developers.
The three cryptocurrency wallets affected include Bitcoin.com‘s Bitcoin Wallet, BitPay, and the BitPay-owned CoPay. Google’s policy is not to comment on individual cases, so the search engine provider and Android OS developer hasn’t revealed the reasoning behind the removal and it’s unlikely they will.
Outspoken Bitcoin.com CEO and Bitcoin Cash evangelist Roger Ver believes there’s a connection to the removal and Google’s recent change to their Google Play Store policy banning apps that mine for cryptocurrencies like Bitcoin and Monero. Apps that mine for cryptocurrencies are strictly forbidden, though Google still allows apps that can managing crypto mining remotely.
“Google told us that it was because they no longer allow crypto currency mining apps,” explained Ver, who believes the removal was a mistake on Google’s behalf. “I have no idea how they came under the impression that our wallet is a mining app.”
At the time of this writing Bitcoin.com‘s Bitcoin Wallet is back on the Google Play Store, though CoPay and BitPay remain offline. BitPay told Hard Fork they expect the app to back online soon, but didn’t explain what Google’s issue was with the wallet that prompted the abrupt removal.
It’s worth noting that the three wallets share a portion of the same source code, which could explain why all three apps were targeted.
Google’s Continued Hard Stance Against Cryptocurrencies
Earlier in the year, Google followed social media powerhouse Facebook’s lead in banning cryptocurrency related ads from being run through their AdWords advertising platform. The blanket ban covered everything from wallets, trading advice, initial coin offerings, and more. Nothing crypto-related was spared from Google’s new policy update.
The ban was part of a wider Financial Services policy update that included “financial spread betting” and “rolling spot forex” among “cryptocurrencies and related content.” Google left the option for advertisers running forex and other ad types to comply with legal requirements and become certified, allowing them to return to running their ads post certification. Cryptocurrencies, however, were outright banned with no option for advertiser certification.
Google’s ban brigade didn’t end there. The Alphabet subsidiary also moved to ban Google Chrome extensions that mined for cryptocurrency, followed by a similar move on the Google Play Store, banning apps that mined for cryptocurrencies. The latter is what Roger Ver believes the confusion around the three wallets that were removed mysteriously stemmed from.
 
Image from Shutterstock
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Source: New feedNewsBTC.com

Google Enters Blockchain: Does It Threaten Amazon, IBM, Microsoft?

You bet it does!
Google (NASDAQ: GOOG) is known for industry-shaking moves and “Big G’s” entrance this year into blockchain portends future services that take advantage of hyper-fast-growing market. It also puts the search giant on a collision course with IBM (NYSE: IBM), Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) for future dominance of the industry.
People More Interested In Trustless Systems
As they say, “trust but verify.” But today, cryptocurrency enthusiasts want protocols that remove the need to trust at all.
Continue reading Google Enters Blockchain: Does It Threaten Amazon, IBM, Microsoft? at Crypto Daily™.
Source: Crypto Daily

Monero [XMR] wallets compromised as hackers target MEGA Chrome extension

On 4th September, Monero [XMR] announced that the official MEGA chrome extension was compromised, with an update stealing the passwords and cryptocurrency wallet addresses from its users. The latest version of MEGA Chrome extension was hacked, allowing cryptojackers to access saved passwords and usernames from Amazon, GitHub, Google, and Microsoft portals.
Latest version of MEGA Chrome extension was hacked | Source: Twitter
The Chrome extension claims to provide a secure cloud storage service that can improve browser performance by reducing loading time. The extension is currently unavailable for download at the Chrome Web Store.
Monero is a privacy coin where the addresses of the sender are hidden along with the amount of transaction which took place. Thus every transaction on the Monero network goes through a secret address which cannot be linked to the first sender.
In spite of Monero’s claims of being private and untraceable, the cryptocurrency has witnessed instances where cryptojackers have secretly mined XMR with the computer power of web visitors.
Riccardo Andsaskiaspagni, also known as fluffypony, the Lead Maintainer of Monero said on Twitter,
“Confirmed that it also extracts private keys if you login to MyMonero and/or MyEtherWallet in a browser with the extension installed.”
MyEtherWallet.com, an open-source cryptocurrency wallet for ERC20 tokens, stated:

Latest version of MEGA Chrome extension was hacked | Source: Twitter
SamsungGalaxyPlayer spotted the issue and stated:
“The MEGA Chrome extension source code has not been updates in four months, suggesting that the account responsible with updating the version given to Google was compromised”
Some of the recommendations made in his post on Reddit were to uninstall MEGA Chrome extension immediately and change important passwords. He also suggested that its users transfer funds from those accounts which could have possibly been compromised.
MEGA Chrome extension version 3.39.4 was mainly affected and all the data collected was being sent to one server. This problem was limited to Google Chrome, as the Mozilla Firefox version had not been compromised.
PWPersian commented on Reddit:
“Wow this is huge, I do not personally use MEGA however I am always afraid of extensions going rouge as I check up on updates the least often for them, sending this to everyone I know to make sure they know to change passwords etc.”
Gattacus an enthusiastic Redditor commented:
“There was an update to the extension and Chrome asked for new permission (read data on all websites). That made me suspicious and I checked the extension code locally (which is mostly javascript anyways). MEGA also has the source code of the extension on github https://github.com/meganz/chrome-extension There was no commit recently. To me it looks either their Google Webstore account was hacked or someone inside MEGA did this. pure speculation though”
The post Monero [XMR] wallets compromised as hackers target MEGA Chrome extension appeared first on AMBCrypto.
Source: AMB Crypto

Google to introduce DLT, fintech and cloud service solutions on the way

On 23rd July, Google released an official statement stating to partner-up with two blockchain based firms to offer Distributed Ledger Technology [DLT] solutions on Google’s Cloud Platform. The statement released is known as ‘Building a better cloud with our partners at Next 18’.

Google has partnered with Digital Assets and BlockApps. Both of the companies are a part of the crypto space. Digital Asset supplies distributed ledger software for the industry of financial technology, while BlockApps offers a blockchain platform to launch decentralized apps [dApps].

As stated, the solutions offered by Google and its partners will allow users to explore ways that customers might use distributed ledger technology frameworks.

Google has specifically stated that later in 2018, the clients will be able to test the open-source integrations for Ethereum [ETH] Protocols and Hyperledger Fabric, on the Google Cloud Platform. Hyperledger is a project that has the aim of improving cross-industry blockchain technologies while, Ethereum is a public, open-source blockchain-based platform developed to feature smart contracts.

“We’re partnering with Google Cloud to provide developers with a full stack solution so they can unleash the potential for web-paced innovation in the blockchain,” said Blythe Masters, CEO of Digital Asset.

Further, he added:

“This will reduce the technical barriers to DLT application development by delivering our advanced distributed ledger platform and modelling language to Google Cloud”

Press Release of Digital Asset collaborating with Google | Source: Digital Asset Holdings

Press Release of Digital Asset collaborating with Google || Source: Digital Asset Holdings

Digital Asset also stated that Google Cloud also joined the private beta of Digital Asset’s developer program. This provides a selected group of technology partners, software vendors, and global financial institutions. They have the access to the Software Development Kit [SDK] for DAML, the Digital Asset Modeling Language.

Digital Asset confirmed that ‘Solution Architects across Google now have access to the DAML SDK Developer Preview to explore blockchain applications with their clients.’

On the other hand, BlockApps partnership with Google is to integrate ‘STRATO’ a full stack technology solution that allows developers to build industry-specific blockchain applications.

BlockApps STRATO is built on Ethereum’s protocol and provides enterprise-grade API integration capabilities and configurable consensus algorithms along with the ability to question and report blockchain transactions using a traditional SQL database.

Kieren James, the CEO of BlockApps said:

“BlockApps is delighted to integrate our platform with GCP [Google Cloud Platfrom] and support GCP customers, both existing and new, on their journey to build blockchain technology solutions.”

The Ethereum smart contracts of BlockApps provide flexibility in programming languages of blockchain along with rapid deployment for cloud and hybrid infrastructures.

Recently, Facebook lifted its ban on cryptocurrency ads, and Coinbase was whitelisted on the channel for the same. As some are turning towards the adaptation of cryptocurrency advertisements, Google neglected its marketing by banning all crypto-related advertising. Irrespective of the bans Google has implied, it has still moved towards a partnership with the member companies of the cryptocurrency world.

The post Google to introduce DLT, fintech and cloud service solutions on the way appeared first on AMBCrypto.

Source: AMB Crypto

Coinbase Ads are Back on Google, Facebook and Instagram

Coinbase ads can be now seen on Google, Facebook, and Instagram. The industry giants with billions of monthly users have given a legitimacy to the cryptos and a competitive edge to Coinbase over its competitors. Investors are excited about this, believing it to be a good news for the crypto market and drive Bitcoin price higher.

Google & Facebook brings back Coinbase ads

In mid-May, the news of Google and social media giants Facebook and Instagram announced that cryptocurrency and Initial Coin Offering (ICO) ads will be banned from the following month. Just last month, the directive went into effect and in less than 2 months, the ads are now restored.

A few days back, Brian Armstrong, the CEO of Coinbase tweeted,

“Facebook banned ads for crypto earlier this year. Proud to say we’ve now been whitelisted and are back introducing more people to an open financial system.”

Facebook has decided to allow specific cryptocurrency related ads to be shown after it reviewed its policies. The first green signal has been given to the San Francisco-based Coinbase.

Soon after, a Redditor shared a screenshot of Coinbase ad on Instagram.

coinbase

Though there has been no confirmation on Google allowing the cryptocurrency related ads, Coinbase ads are now live on Google as well.

coinbase

Also, read: Coinbase Establishes “Political Action Committee” with Plans to Spend on U.S. Elections

Coinbase gets access to billions of users

This is a huge move and a big news for Coinbase as it gives a significant edge to the US exchange over its competitors.

If we take a look at the user base of these giants, Facebook has about 2 billion monthly users and Instagram manages close to 1 billion users per month. Google is the top search engine in the world with a margin of 66 percent to that of Bing, which is in the second position.

Such a number represents an incredible opportunity and potential to expand its user base, especially at a time when Coinbase is already working on expanding its business.

Just recently, Coinbase announced that they are looking into adding more coins. Moreover, the constant developments in the form of Coinbase Pro, Coinbase Custody and Coinbase Index Fund will now reach a much wider audience.

The decision of Google and Facebook to allow the cryptocurrency ads even though to a selected few will give the cryptocurrencies a legitimacy. This will further boost investor’s confidence and trust especially of those who are new to this world.

Crypto enthusiasts are happy with the decision made by industry giants and believe it is good for bitcoin and the overall crypto community. They even expect it to give a boost to the bitcoin price and hit the $8k level. At the time of writing, Bitcoin (BTC) is at $7,661 with a rise of 3.52 percent in the last 24-hours while the entire crypto market is registering greens and a good day as well.

The post Coinbase Ads are Back on Google, Facebook and Instagram appeared first on Coingape.

Source: CoinGape