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To Date
2019/07/15 07:34:24
2019/07/15 07:34:24
| author | steemitboard |
| body | Congratulations @mudassar! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@mudassar/birthday3.png</td><td>Happy Birthday! - You are on the Steem blockchain for 3 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@mudassar) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=mudassar)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes! |
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2018/07/15 07:49:51
| author | steemitboard |
| body | Congratulations @mudassar! You have received a personal award! [](http://steemitboard.com/@mudassar) 2 Years on Steemit <sub>_Click on the badge to view your Board of Honor._</sub> **Do not miss the last post from @steemitboard:** [SteemitBoard World Cup Contest - Play-off for third result](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-play-off-for-third-result) --- **Participate in the [SteemitBoard World Cup Contest](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-collect-badges-and-win-free-sbd)!** Collect World Cup badges and win free SBD Support the Gold Sponsors of the contest: [@good-karma](https://v2.steemconnect.com/sign/account-witness-vote?witness=good-karma&approve=1) and [@lukestokes](https://v2.steemconnect.com/sign/account-witness-vote?witness=lukestokes.mhth&approve=1) --- > Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**! |
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}mudassarreceived 0.011 SBD, 0.014 SP author reward for @mudassar / 10-tips-for-choosing-a-good-domain-name-for-your-blog2017/05/28 08:28:06
mudassarreceived 0.011 SBD, 0.014 SP author reward for @mudassar / 10-tips-for-choosing-a-good-domain-name-for-your-blog
2017/05/28 08:28:06
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}civis-mundiupvoted (100.00%) @mudassar / 10-tips-for-choosing-a-good-domain-name-for-your-blog2017/05/21 08:33:06
civis-mundiupvoted (100.00%) @mudassar / 10-tips-for-choosing-a-good-domain-name-for-your-blog
2017/05/21 08:33:06
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}dimimpupvoted (1.00%) @mudassar / 10-tips-for-choosing-a-good-domain-name-for-your-blog2017/05/21 08:31:51
dimimpupvoted (1.00%) @mudassar / 10-tips-for-choosing-a-good-domain-name-for-your-blog
2017/05/21 08:31:51
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}mudassarupvoted (100.00%) @mudassar / 10-tips-for-choosing-a-good-domain-name-for-your-blog2017/05/21 08:28:06
mudassarupvoted (100.00%) @mudassar / 10-tips-for-choosing-a-good-domain-name-for-your-blog
2017/05/21 08:28:06
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}mudassarpublished a new post: 10-tips-for-choosing-a-good-domain-name-for-your-blog2017/05/21 08:28:06
mudassarpublished a new post: 10-tips-for-choosing-a-good-domain-name-for-your-blog
2017/05/21 08:28:06
| author | mudassar |
| body | Choosing a domain name is the first thing you need to do when you are about to start a blog. It's not an easy job. You might find it difficult after discovering that all the cool names are registered. Because of the unavailability of the desirable names, many people go with a random name and make some common mistakes. To avoid those mistakes and make things easier for you, I am going to share 10 tips for choosing a domain name. 1. Keyword Rich Vs Branded Domain Name The very first thing you need to decide whether you want to choose a keyword rich domain or a branded domain name. If you don't know the difference between the two types of domains, here's an example for you. Keyword Rich Domain Name: BestProducts.com Branded Domain Name: TheWirecutter.com Both are products related sites. But only the first domain name contains the keyword "Products". So it's a keyword rich domain name. The second domain name is a unique name which is more branded than the first one. Keywords Rich Domain can be two types - Exact Match Domain (EMD) and Partial Match Domain (PMD). Let's see an example: Exact Match Domain: BestProductsForAcne.com Partial Match Domain: BestProducts.com EMD doesn't look good. People used to buy EMD for affiliate marketing purpose. A few years ago, it was easy to rank an exact match domain. But things have changed. Now EMD doesn't work. So stay away from EMD. On the other hand, Partial Match Domain are doing good. As it contains a related keyword, it's easy to understand what's the blog about. And it's not so tough to make it brandable. RoadToBlogging.com HealthAmbition.com TechCrunch.com Now let's talk about Branded Domain Name. Branded Domain Name has nothing to do with the keyword of the niche. It's a unique name. For example, Labnol.org is a technology blog. The domain name doesn't represent its niche. In fact, Labnol has no meaning. ShoutMeLoud.com Hongkiat.com Mashable.com The best thing about the branded domain name is, it allows you to switch the niche without changing the name. You can also extend your niche. Once you have decided, which kind of domain you want to pick, let's move to other points. 2. Make It Easy To Pronounce and Spell Look at these domain names: Mashable.com Problogger.com Lifehacker.com All of these sites are popular. And the common thing is, it's very easy to pronounce and spell their domain names. Your domain name is the name of your brand. So make it easy to pronounce and spell. Don't use complex and unusual words. Make it rememberable. 3. Keep It Short & Simple There is no ideal length of a domain name. Try to keep it as short as possible. Short domain name is easy to remember. But it's very difficult to find the short domain name. I'd recommend you keep the domain name within 10-15 words. At the same time, you need to make sure that the domain name is simple. Don't use any complex words. For example, RoadToBlogging.com is not a very short domain name. But it's simple. 4. Go For The .com Extension .com is the most popular domain extension. People remember the name of your blog, not the extension. If your domain ends with other extensions like .net, org, it might be a little bit tricky to find your blog. So go for the .com extension. If .com extension is not available, go for other popular extensions like .net, .co, .org, etc. Don't go with .info or .biz extension. There are a lot of spammy domain names with these extensions. 5. Avoid Hyphens, Numbers, & Articles It's hard to tell about the domain that contains hyphens. Let's say your domain is Tech-tips.com. You have to say "tech hyphen tips dot com" to the offline people. There is a chance that most of the people forgot the hyphens and ended up visiting techtips.com. Same things happen to the domain with numbers or articles. People forget numbers and articles. Even though some sites like Digital-photography-school.com, 9lessons.info, thewirecutter.com, etc are very popular, but these are exceptional. They have been here for a long time. Try to avoid hyphens, numbers, or articles on the domain name. 6. Avoid Copyright & Trademark Violation Copyright and trademark violation can do severe damage to your blog. You may end up losing the domain name. So it's better to be careful before choosing the domain name. Make sure that your domain name is not going to conflict other commercial names. For example, you cannot use terms like Facebook, WordPress, etc on your domain name. However, I am not a lawyer. I cannot help you professionally. If you have any confusions, you should talk with an attorney. 7. Singular Vs Plural Look at these two domains: BestProducts.com & BestProduct.com BestProducts.com is the main domain name. But some people might visit BestProduct.com instead of BestProducts.com. If your domain contains such thing, I'd recommend you to buy the both domains. This way you will not lose any visitors. You can choose one as primary domain and redirect another to the main domain name. 8. Make Sure Social URLs Are Available One of the essentials things to do after buying a domain name is secure social media URLs like https://facebook.com/yourdomain. If you have a plan to give more attention on any particular social media site, it's better to make sure that your desirable URL is available. You can use this tool - knowem.com |
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"body": "Choosing a domain name is the first thing you need to do when you are about to start a blog.\n\nIt's not an easy job. You might find it difficult after discovering that all the cool names are registered.\n\nBecause of the unavailability of the desirable names, many people go with a random name and make some common mistakes.\n\nTo avoid those mistakes and make things easier for you, I am going to share 10 tips for choosing a domain name.\n\n1. Keyword Rich Vs Branded Domain Name\nThe very first thing you need to decide whether you want to choose a keyword rich domain or a branded domain name.\n\nIf you don't know the difference between the two types of domains, here's an example for you.\n\nKeyword Rich Domain Name: BestProducts.com\nBranded Domain Name: TheWirecutter.com\nBoth are products related sites. But only the first domain name contains the keyword \"Products\". So it's a keyword rich domain name. The second domain name is a unique name which is more branded than the first one.\n\nKeywords Rich Domain can be two types - Exact Match Domain (EMD) and Partial Match Domain (PMD). Let's see an example:\n\nExact Match Domain: BestProductsForAcne.com\nPartial Match Domain: BestProducts.com\nEMD doesn't look good. People used to buy EMD for affiliate marketing purpose. A few years ago, it was easy to rank an exact match domain. But things have changed. Now EMD doesn't work. So stay away from EMD.\n\nOn the other hand, Partial Match Domain are doing good. As it contains a related keyword, it's easy to understand what's the blog about. And it's not so tough to make it brandable.\n\nRoadToBlogging.com\nHealthAmbition.com\nTechCrunch.com\nNow let's talk about Branded Domain Name.\n\nBranded Domain Name has nothing to do with the keyword of the niche. It's a unique name. For example, Labnol.org is a technology blog. The domain name doesn't represent its niche. In fact, Labnol has no meaning.\n\nShoutMeLoud.com\nHongkiat.com\nMashable.com\nThe best thing about the branded domain name is, it allows you to switch the niche without changing the name. You can also extend your niche.\nOnce you have decided, which kind of domain you want to pick, let's move to other points.\n\n2. Make It Easy To Pronounce and Spell\nLook at these domain names:\n\nMashable.com\nProblogger.com\nLifehacker.com\nAll of these sites are popular. And the common thing is, it's very easy to pronounce and spell their domain names.\n\nYour domain name is the name of your brand. So make it easy to pronounce and spell. Don't use complex and unusual words. Make it rememberable.\n\n3. Keep It Short & Simple\nThere is no ideal length of a domain name. Try to keep it as short as possible. Short domain name is easy to remember. But it's very difficult to find the short domain name. I'd recommend you keep the domain name within 10-15 words.\n\nAt the same time, you need to make sure that the domain name is simple. Don't use any complex words.\n\nFor example, RoadToBlogging.com is not a very short domain name. But it's simple.\n\n4. Go For The .com Extension\n.com is the most popular domain extension.\n\nPeople remember the name of your blog, not the extension. If your domain ends with other extensions like .net, org, it might be a little bit tricky to find your blog.\n\nSo go for the .com extension.\n\nIf .com extension is not available, go for other popular extensions like .net, .co, .org, etc.\n\nDon't go with .info or .biz extension. There are a lot of spammy domain names with these extensions.\n5. Avoid Hyphens, Numbers, & Articles\nIt's hard to tell about the domain that contains hyphens. Let's say your domain is Tech-tips.com. You have to say \"tech hyphen tips dot com\" to the offline people. There is a chance that most of the people forgot the hyphens and ended up visiting techtips.com.\n\nSame things happen to the domain with numbers or articles. People forget numbers and articles.\n\nEven though some sites like Digital-photography-school.com, 9lessons.info, thewirecutter.com, etc are very popular, but these are exceptional. They have been here for a long time.\n\nTry to avoid hyphens, numbers, or articles on the domain name.\n\n6. Avoid Copyright & Trademark Violation\nCopyright and trademark violation can do severe damage to your blog. You may end up losing the domain name.\n\nSo it's better to be careful before choosing the domain name. Make sure that your domain name is not going to conflict other commercial names.\n\nFor example, you cannot use terms like Facebook, WordPress, etc on your domain name.\n\nHowever, I am not a lawyer. I cannot help you professionally. If you have any confusions, you should talk with an attorney.\n\n7. Singular Vs Plural\nLook at these two domains:\n\nBestProducts.com & BestProduct.com\n\nBestProducts.com is the main domain name. But some people might visit BestProduct.com instead of BestProducts.com.\n\nIf your domain contains such thing, I'd recommend you to buy the both domains. This way you will not lose any visitors.\n\nYou can choose one as primary domain and redirect another to the main domain name.\n\n8. Make Sure Social URLs Are Available\nOne of the essentials things to do after buying a domain name is secure social media URLs like https://facebook.com/yourdomain.\n\nIf you have a plan to give more attention on any particular social media site, it's better to make sure that your desirable URL is available.\n\nYou can use this tool - knowem.com",
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}| author | irit |
| body | I upvote U |
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| parent permlink | 40-of-businesses-suffered-ransomware-attacks |
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| body | I upvote U |
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| permlink | re-apple-announces-reward-for-finding-security-bugs |
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}jonimipidiciupvoted (100.00%) @mudassar / steem-does-not-need-ads
jonimipidiciupvoted (100.00%) @mudassar / steem-does-not-need-ads
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mudassarpublished a new post: steem-does-not-need-ads
| author | mudassar |
| body | The old model of publishing is dying. It might not know it yet, or at least it does not want to admit it to itself. We can see this in the fact that Facebook is working on trying to bypass ad-blockers, since ads are its main source of revenue. On Facebook, you are the product. People are drifting away from blindly accepting advertising as a cost of the content on the net. Our attention and time is far more valuable. Steem provides a different and better model. There are no ads, and we do not need them at all. |
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| title | Steem does not need ads |
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"body": "The old model of publishing is dying.\n\nIt might not know it yet, or at least it does not want to admit it to itself. We can see this in the fact that Facebook is working on trying to bypass ad-blockers, since ads are its main source of revenue. On Facebook, you are the product. People are drifting away from blindly accepting advertising as a cost of the content on the net. Our attention and time is far more valuable.\n\nSteem provides a different and better model. There are no ads, and we do not need them at all.",
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mudassarpublished a new post: facebook-bypass-adblockers
| author | mudassar |
| body | Facebook will bypass adblockers on its desktop version. It must be said that Facebook and Google control almost 2/3 of the digital advertising market. However, they are not immune to the prevailing trend of using adblockers, which doubled in just over 2 years. Industry watchers also note that the giants’ approaches to the problem have differed: for example, Google has become the member of the “acceptable ads” program run by Adblock Plus, which allows to display selected ads if they are nonintrusive and secure, and if the advertiser pays Adblock Plus a cut of the revenue. As for Facebook, it also made a sideswipe at the acceptable ads program, announcing that it will only be bypassing adblockers on the desktop version. This means that mobile users can continue to experience an ad-free version. This is an insignificant number of users, because the vast majority of people use the company’s apps that are usually immune to adblockers. According to Facebook, the new controls will allow users to manually remove certain preferences from their profile and opt-out of certain customer lists – for example, to make sure that “liking” a page doesn’t bring you ads from that firm. While Facebook hopes to sweeten the bitter pill for former adblocking users, it is likely to find itself embroiled in an arms race with adblocking firms: for instance, Adblock Plus has already claimed that Facebook’s decision was “an unfortunate move, because it takes a dark path against user choice”. Adblock Plus pointed out that circumvention of adblockers happens every day, and there is nothing that is hard to tackle. Facebook hasn’t disclosed how it is going to bypass adblockers on its desktop website. |
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"body": "Facebook will bypass adblockers on its desktop version. It must be said that Facebook and Google control almost 2/3 of the digital advertising market. However, they are not immune to the prevailing trend of using adblockers, which doubled in just over 2 years.\n\nIndustry watchers also note that the giants’ approaches to the problem have differed: for example, Google has become the member of the “acceptable ads” program run by Adblock Plus, which allows to display selected ads if they are nonintrusive and secure, and if the advertiser pays Adblock Plus a cut of the revenue.\n\nAs for Facebook, it also made a sideswipe at the acceptable ads program, announcing that it will only be bypassing adblockers on the desktop version. This means that mobile users can continue to experience an ad-free version. This is an insignificant number of users, because the vast majority of people use the company’s apps that are usually immune to adblockers.\n\nAccording to Facebook, the new controls will allow users to manually remove certain preferences from their profile and opt-out of certain customer lists – for example, to make sure that “liking” a page doesn’t bring you ads from that firm. While Facebook hopes to sweeten the bitter pill for former adblocking users, it is likely to find itself embroiled in an arms race with adblocking firms: for instance, Adblock Plus has already claimed that Facebook’s decision was “an unfortunate move, because it takes a dark path against user choice”. Adblock Plus pointed out that circumvention of adblockers happens every day, and there is nothing that is hard to tackle. Facebook hasn’t disclosed how it is going to bypass adblockers on its desktop website.",
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}| author | piedpiper |
| permlink | re-barrycooper-re-mikemacintire-re-barrycooper-steem-has-a-severe-glitch-that-likens-it-to-reddit-facebook-and-fox-news-20160811t213705776z |
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}| author | dollarvigilante |
| permlink | how-i-went-from-agnostic-to-a-steem-believer-in-48-hours-or-less |
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}| author | cheetah |
| permlink | re-the-awaited-shift-introducing-the-new-paradigm-free-source-energy-and-cures-20160809t034020 |
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| permlink | re-cheetah-re-the-awaited-shift-introducing-the-new-paradigm-free-source-energy-and-cures-20160809t034020-20160809t034352984z |
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}| author | cheetah |
| body | Hi! I am a content-detection robot. This post is to help manual curators; I have NOT flagged you. Here is similar content: http://www.bbc.co.uk/news/technology-37009319 |
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| parent permlink | bitcoin-hack-bitfinex-users-to-share-36-percent-of-bitcoin-looses |
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mudassarpublished a new post: bitcoin-hack-bitfinex-users-to-share-36-percent-of-bitcoin-looses
| author | mudassar |
| body | Bitfinex has told users that they will share losses amounting to tens of millions of dollars equally People who stored bitcoins at a popular exchange have been told they will lose 36% of their assets following a cyber-attack. Hong Kong-based Bitfinex, where many users had stored the virtual currency to be used in transactions, said it lost up to $65m (£49m) in an attack. The impact of the loss will now be shared across the site's users. One Bitcoin expert said the move to "socialise" losses had serious implications for digital currencies. "Anyone who holds any asset at any exchange realises they're part of the insurance plan for others," said Emin Gun Sirer at Cornell University. In a statement on its website, Bitfinex said, "We have decided to generalise losses across all accounts. "Upon logging into the platform, customers will see that they have experienced a generalised loss percentage of 36.067%." More details of how this figure was reached would be published in the future, the firm added. Customers were also told that they would receive a "BFX token" equal to their personal losses. These tokens will eventually be exchanged either for repayment by Bitfinex or for shares in its parent company iFinex Inc. Bitfinex has said that a total of 119,756 bitcoins were taken by hackers. In May 2015, 1,500 bitcoins were stolen in a previous attack on the exchange. It is not the first exchange to have suffered. Many users lost large caches of Bitcoin after they disappeared from the Mt Gox exchange, which then declared bankruptcy in 2014. 'Rough' times ahead Following the news that Bitfinex had suffered a substantial loss of bitcoins, the price of the cryptocurrency fell by more than 20% - though it has since rebounded slightly. |
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"body": "Bitfinex has told users that they will share losses amounting to tens of millions of dollars equally\nPeople who stored bitcoins at a popular exchange have been told they will lose 36% of their assets following a cyber-attack.\nHong Kong-based Bitfinex, where many users had stored the virtual currency to be used in transactions, said it lost up to $65m (£49m) in an attack.\nThe impact of the loss will now be shared across the site's users.\nOne Bitcoin expert said the move to \"socialise\" losses had serious implications for digital currencies.\n\"Anyone who holds any asset at any exchange realises they're part of the insurance plan for others,\" said Emin Gun Sirer at Cornell University.\nIn a statement on its website, Bitfinex said, \"We have decided to generalise losses across all accounts.\n\"Upon logging into the platform, customers will see that they have experienced a generalised loss percentage of 36.067%.\"\nMore details of how this figure was reached would be published in the future, the firm added.\nCustomers were also told that they would receive a \"BFX token\" equal to their personal losses.\nThese tokens will eventually be exchanged either for repayment by Bitfinex or for shares in its parent company iFinex Inc.\nBitfinex has said that a total of 119,756 bitcoins were taken by hackers.\nIn May 2015, 1,500 bitcoins were stolen in a previous attack on the exchange.\nIt is not the first exchange to have suffered.\nMany users lost large caches of Bitcoin after they disappeared from the Mt Gox exchange, which then declared bankruptcy in 2014.\n'Rough' times ahead\nFollowing the news that Bitfinex had suffered a substantial loss of bitcoins, the price of the cryptocurrency fell by more than 20% - though it has since rebounded slightly.",
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}mudassarpublished a new post: walmart-about-to-buy-jet-com-for-3-3-billion-dollar
mudassarpublished a new post: walmart-about-to-buy-jet-com-for-3-3-billion-dollar
| author | mudassar |
| body | Walmart has been continuously struggling to compete against online retailers Walmart announced plans to buy e-commerce site jet.com for 3.3 billion dollar in a move that could help boost its online retail sales. Jet.com has soared in the e-commerce space since it launched in 2015, undercutting some of Amazon's prices "We are looking for ways to lower prices, broaden our assortment and offer the simplest, easiest shopping experience because that's what our customers want, We believe the acquisition of Jet accelerates our progress across these priorities" said Mr McMillon. Walmart pay 3 billion in cash and 300 million in stock. Walmart and Jet.com will remain separate companies, but will co-operate technically. |
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| title | Walmart about to buy jet.com for 3.3 billion dollar |
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"body": "Walmart has been continuously struggling to compete against online retailers \n\nWalmart announced plans to buy e-commerce site jet.com for 3.3 billion dollar in a move that could help boost its online retail sales.\n\nJet.com has soared in the e-commerce space since it launched in 2015, undercutting some of Amazon's prices \n\n\"We are looking for ways to lower prices, broaden our assortment and offer the simplest, easiest shopping experience because that's what our customers want, We believe the acquisition of Jet accelerates our progress across these priorities\" said Mr McMillon.\n\nWalmart pay 3 billion in cash and 300 million in stock. Walmart and Jet.com will remain separate companies, but will co-operate technically.",
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}doriansupvoted (100.00%) @mudassar / china-launch-first-mobile-telecom-satelite
doriansupvoted (100.00%) @mudassar / china-launch-first-mobile-telecom-satelite
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}mudassarpublished a new post: china-launch-first-mobile-telecom-satelite
mudassarpublished a new post: china-launch-first-mobile-telecom-satelite
| author | mudassar |
| body | The satellite name Tiantong-01 will establish mobile network serving China, Africa, The middle east and other areas. The ground services will be operated by China Telecom, which is own by state of China. Sent in to space after midnight local time in Beijing (1600 GMT) on Sunday. China is planning to settle on the Moon and explore Mars |
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"body": "The satellite name Tiantong-01 will establish mobile network serving China, Africa, The middle east and other areas.\n\n\nThe ground services will be operated by China Telecom, which is own by state of China.\n\n\nSent in to space after midnight local time in Beijing (1600 GMT) on Sunday.\n\n\nChina is planning to settle on the Moon and explore Mars",
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}| author | isaac.asimov |
| body | Hi! This post has a <a href="https://en.wikipedia.org/wiki/Flesch%E2%80%93Kincaid_readability_tests">Flesch-Kincaid</a> grade level of 11.4 and reading ease of 52%. This puts the writing level on par with Michael Crichton and Mitt Romney. |
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| parent permlink | 40-of-businesses-suffered-ransomware-attacks |
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| title | Flesch Kincaid Grade Level |
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"body": "Hi! This post has a <a href=\"https://en.wikipedia.org/wiki/Flesch%E2%80%93Kincaid_readability_tests\">Flesch-Kincaid</a> grade level of 11.4 and reading ease of 52%. This puts the writing level on par with Michael Crichton and Mitt Romney.",
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}| author | cheetah |
| body | Hi! I am a content-detection robot. This post is to help manual curators; I have NOT flagged you. Here is similar content: http://ajatorrents.info/article/5139/40+of+businesses+suffered+ransomware+attacks.html |
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}mudassarupvoted (100.00%) @mudassar / 40-of-businesses-suffered-ransomware-attacks
mudassarupvoted (100.00%) @mudassar / 40-of-businesses-suffered-ransomware-attacks
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}mudassarpublished a new post: 40-of-businesses-suffered-ransomware-attacks
mudassarpublished a new post: 40-of-businesses-suffered-ransomware-attacks
| author | mudassar |
| body | One of the recent research from computer security company Malwarebytes has revealed that ransomware becomes a ubiquitous security threat, with about 40% of all companies experiencing an attack in the past year. In some countries, including the UK, this figure is more than 50%. Malwarebytes surveyed over 500 companies in 4 countries. According to their findings, over one-third of the ransomware victims lost money in result of the cyber attack. The phenomenon of ransomware is not new but becoming increasingly popular as a method of attacking businesses and non-commercial outfits. Ransomware takes control of a victim’s computer and encrypts all the data on it, thus effectively rendering it inaccessible. The hackers then demand a payment, usually in digital currency, in exchange for the encryption keys. Ransom demanded varies, but it some cases can be huge: for example, 20% of British businesses were charged over $10,000 to unlock their files, while 3% of the demands exceeded $50,000. The same research suggests that more than 50% of the victims in the UK will eventually pay. At the same time, the figure varies wildly across the globe: 75% of Canadian businesses agreed to pay ransom, while only 3% of American ones did the same. This may be due to the response of police: for example, American law enforcement agencies have been outspoken against companies that decide to pay ransoms. The FBI points out that paying a ransom doesn’t guarantee you will get your data back, as there were cases where businesses never got a decryption key after having paid the ransom. Overall, responses to the attacks differ across the globe, but the one common thread is that ransomware is growing as a threat everywhere. |
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"body": "One of the recent research from computer security company Malwarebytes has revealed that ransomware becomes a ubiquitous security threat, with about 40% of all companies experiencing an attack in the past year. In some countries, including the UK, this figure is more than 50%.\n\nMalwarebytes surveyed over 500 companies in 4 countries. According to their findings, over one-third of the ransomware victims lost money in result of the cyber attack. The phenomenon of ransomware is not new but becoming increasingly popular as a method of attacking businesses and non-commercial outfits. Ransomware takes control of a victim’s computer and encrypts all the data on it, thus effectively rendering it inaccessible. The hackers then demand a payment, usually in digital currency, in exchange for the encryption keys.\n\nRansom demanded varies, but it some cases can be huge: for example, 20% of British businesses were charged over $10,000 to unlock their files, while 3% of the demands exceeded $50,000. The same research suggests that more than 50% of the victims in the UK will eventually pay. At the same time, the figure varies wildly across the globe: 75% of Canadian businesses agreed to pay ransom, while only 3% of American ones did the same. This may be due to the response of police: for example, American law enforcement agencies have been outspoken against companies that decide to pay ransoms. The FBI points out that paying a ransom doesn’t guarantee you will get your data back, as there were cases where businesses never got a decryption key after having paid the ransom. Overall, responses to the attacks differ across the globe, but the one common thread is that ransomware is growing as a threat everywhere.",
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}eslopez92removed vote from (0.00%) @mudassar / apple-announces-reward-for-finding-security-bugs
eslopez92removed vote from (0.00%) @mudassar / apple-announces-reward-for-finding-security-bugs
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}eslopez92upvoted (100.00%) @mudassar / apple-announces-reward-for-finding-security-bugs
eslopez92upvoted (100.00%) @mudassar / apple-announces-reward-for-finding-security-bugs
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}| author | isaac.asimov |
| body | Hi! This post has a <a href="https://en.wikipedia.org/wiki/Flesch%E2%80%93Kincaid_readability_tests">Flesch-Kincaid</a> grade level of 11.6 and reading ease of 56%. This puts the writing level on par with Michael Crichton and Mitt Romney. |
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}mudassarupvoted (100.00%) @mudassar / apple-announces-reward-for-finding-security-bugs
mudassarupvoted (100.00%) @mudassar / apple-announces-reward-for-finding-security-bugs
| author | mudassar |
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}mudassarpublished a new post: apple-announces-reward-for-finding-security-bugs
mudassarpublished a new post: apple-announces-reward-for-finding-security-bugs
| author | mudassar |
| body | Tech giant announced it would offer rewards of up to $200,000 to security experts who find critical security bugs in Apple products and report it to the company to let it fix it before the public learns about it. This, the company joins Apple explained that the program in question would initially launch for about two dozen researchers invited to help identify security bugs in 5 categories. The company chose those researchers from the group of experts who have previously helped it identify vulnerabilities but weren’t paid for their help. So, looking into the categories and rewards offered within them, we can say that the most lucrative category is for bugs in Apple’s “secure boot” firmware, which offers rewards of up to $200,000 for preventing unauthorized apps from launching when a mobile device is powered up. The tech giant explained it decided to limit the scope of the program after studying the experience of other companies that have previously launched similar programs and making some conclusions for itself. They said the best way to start is to invite a small list of researchers to join and then gradually open the program up over time. According to security analysts, limiting participation would save the tech firm from dealing with a huge flow of “low-value” bug reports. Many other tech giants, including AT&T, Facebook, Microsoft, Google, Microsoft, Tesla Motors and Yahoo already offer such rewards. For example, Microsoft has so far handed out $1.5 million in rewards to security researchers since it launched its program 3 years ago. The company offers rewards for identifying very specific types of bugs. Microsoft’s two biggest payouts have been $100,000 each. However, not all programs of this type are as focused as Apple’s and Microsoft’s. For instance, Facebook has an open program that offers rewards for a wide range of bugs. Over the past five years, Facebook has paid out over $4 million, with the average payment in 2015 being $1,780. Just a few months ago, Facebook paid $10,000 to a 10-year-old boy in Finland who was first to find and report a way to delete user comments from Instagram accounts. |
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"body": "Tech giant announced it would offer rewards of up to $200,000 to security experts who find critical security bugs in Apple products and report it to the company to let it fix it before the public learns about it. This, the company joins \n\nApple explained that the program in question would initially launch for about two dozen researchers invited to help identify security bugs in 5 categories. The company chose those researchers from the group of experts who have previously helped it identify vulnerabilities but weren’t paid for their help.\n\nSo, looking into the categories and rewards offered within them, we can say that the most lucrative category is for bugs in Apple’s “secure boot” firmware, which offers rewards of up to $200,000 for preventing unauthorized apps from launching when a mobile device is powered up.\n\nThe tech giant explained it decided to limit the scope of the program after studying the experience of other companies that have previously launched similar programs and making some conclusions for itself. They said the best way to start is to invite a small list of researchers to join and then gradually open the program up over time. According to security analysts, limiting participation would save the tech firm from dealing with a huge flow of “low-value” bug reports.\n\nMany other tech giants, including AT&T, Facebook, Microsoft, Google, Microsoft, Tesla Motors and Yahoo already offer such rewards. For example, Microsoft has so far handed out $1.5 million in rewards to security researchers since it launched its program 3 years ago. The company offers rewards for identifying very specific types of bugs. Microsoft’s two biggest payouts have been $100,000 each. However, not all programs of this type are as focused as Apple’s and Microsoft’s.\n\nFor instance, Facebook has an open program that offers rewards for a wide range of bugs. Over the past five years, Facebook has paid out over $4 million, with the average payment in 2015 being $1,780. Just a few months ago, Facebook paid $10,000 to a 10-year-old boy in Finland who was first to find and report a way to delete user comments from Instagram accounts.",
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}mudassarupvoted (100.00%) @mudassar / statistics-of-online-piracy-rates-across-the-world
mudassarupvoted (100.00%) @mudassar / statistics-of-online-piracy-rates-across-the-world
| author | mudassar |
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}mudassarpublished a new post: statistics-of-online-piracy-rates-across-the-world
mudassarpublished a new post: statistics-of-online-piracy-rates-across-the-world
| author | mudassar |
| body | Despite the increasing choice of legal options, online piracy remains widespread across the world. Pirate portals are visited hundreds of millions of times every day. According to information collected by a piracy tracking agency MUSO from 14,000 of the largest global piracy sites, there were over 140 billion visits to pirate sites only in 2015. The data accounts visits to both international and local pirate websites, and the agency believes that it’s an accurate overview of the global piracy landscape. Let’s see where these pirates are coming from. If we talk absolute numbers, the US clearly comes out on top, accounting for about 10bn visits to streaming portals and 3bn to torrent websites. It is not a secret that the US is one of the largest countries in the world with a high Internet penetration, but things get more interesting in terms of the piracy rate based on the number of Internet users across the globe. With this factor into account, a comparison of the top 50 countries with the most piracy traffic highlight the problems in Europe: actually, all of the top 10 countries with the highest piracy rates are in Europe. The first comes Latvia with almost 50% of the Internet users visiting pirate sites. It is followed by Bulgaria, Lithuania, Croatia, Spain, Greece, Serbia, Ireland, Romania and Sweden. Australia has a piracy rate of 16%, Canada – 11%. In this case, the US is one of the countries with the lowest piracy rates, below 5%. The United Kingdom has a piracy rate of around 8%, while Germany showed less than 2%. Surprisingly enough, the top 50 is closed by Vietnam with the rate of just over 1%. It will be interesting to see if these rankings change over time. |
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| parent permlink | online |
| permlink | statistics-of-online-piracy-rates-across-the-world |
| title | Statistics of Online Piracy Rates across the World |
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"body": "Despite the increasing choice of legal options, online piracy remains widespread across the world. Pirate portals are visited hundreds of millions of times every day. According to information collected by a piracy tracking agency MUSO from 14,000 of the largest global piracy sites, there were over 140 billion visits to pirate sites only in 2015. The data accounts visits to both international and local pirate websites, and the agency believes that it’s an accurate overview of the global piracy landscape. Let’s see where these pirates are coming from.\n\nIf we talk absolute numbers, the US clearly comes out on top, accounting for about 10bn visits to streaming portals and 3bn to torrent websites. It is not a secret that the US is one of the largest countries in the world with a high Internet penetration, but things get more interesting in terms of the piracy rate based on the number of Internet users across the globe. With this factor into account, a comparison of the top 50 countries with the most piracy traffic highlight the problems in Europe: actually, all of the top 10 countries with the highest piracy rates are in Europe.\n\nThe first comes Latvia with almost 50% of the Internet users visiting pirate sites. It is followed by Bulgaria, Lithuania, Croatia, Spain, Greece, Serbia, Ireland, Romania and Sweden. Australia has a piracy rate of 16%, Canada – 11%. In this case, the US is one of the countries with the lowest piracy rates, below 5%.\n\nThe United Kingdom has a piracy rate of around 8%, while Germany showed less than 2%. Surprisingly enough, the top 50 is closed by Vietnam with the rate of just over 1%. It will be interesting to see if these rankings change over time.",
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}aliftonflagged (-100.00%) @mudassar / bitcoin-value-plunged-after-great-theft-of-coins-from-exchange
aliftonflagged (-100.00%) @mudassar / bitcoin-value-plunged-after-great-theft-of-coins-from-exchange
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}zviadupvoted (100.00%) @mudassar / bitcoin-value-plunged-after-great-theft-of-coins-from-exchange
zviadupvoted (100.00%) @mudassar / bitcoin-value-plunged-after-great-theft-of-coins-from-exchange
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}| author | cheetah |
| body | Hi! I am a content-detection robot. This post is to help manual curators; I have NOT flagged you. Here is similar content: https://etmirror.com/article/5140/bitcoin+value+plunged+after+great+theft+of+coins+from+exchange.html |
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}mudassarpublished a new post: bitcoin-value-plunged-after-great-theft-of-coins-from-exchange
mudassarpublished a new post: bitcoin-value-plunged-after-great-theft-of-coins-from-exchange
| author | mudassar |
| body | Nearly 120,000 Bitcoins worth approximately $78m have been stolen from Hong Kong-based exchange Bitfinex, resulting in immediate 20% drop in the value of the currency. According to the popular cryptocurrency exchange, the hack is estimated as the largest of its kind and limited to Bitcoin wallets held by Bitfinex. The incident forced the exchange to cease its operation and report to law enforcement. Bitfinex has published a statement on its website, telling its customers that the company is investigating the breach in attempt to figure out what happened, but it is already clear that some of its customers have had their Bitcoins stolen. Bitfinex is currently undertaking a review to find out which customers have been affected by the hack. According to the director of community and product development for the cryptocurrency exchange, more than 119,000 Bitcoins were stolen from Bitfinex users’ segregated wallets. Following this news, the value of Bitcoin fell nearly 20%, according to data from CoinDesk, as the stolen cryptocurrency makes up about 0.75% of all Bitcoins in circulation. Bitcoin experts confirm that Bitfinex is the biggest USD exchange, so everyone has an account with it (except for China). The cryptocurrency exchange was assessed as very liquid, providing the ability to trade on margin and having lots of daily volume. So far, security experts cannot tell whether the breach was an inside job or hackers managed to gain access to the system externally. Financial experts are also not sure whether the theft can force Bitfinex into bankruptcy. You may remember that a similar loss of cryptocurrency from the biggest exchange at the time, MtGox, forced it into bankruptcy protection 2 years ago and led to the arrest of its CEO Mark Karpeles in Japan. |
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| permlink | bitcoin-value-plunged-after-great-theft-of-coins-from-exchange |
| title | Bitcoin Value Plunged after Great Theft of Coins from Exchange |
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"body": "Nearly 120,000 Bitcoins worth approximately $78m have been stolen from Hong Kong-based exchange Bitfinex, resulting in immediate 20% drop in the value of the currency. According to the popular cryptocurrency exchange, the hack is estimated as the largest of its kind and limited to Bitcoin wallets held by Bitfinex. The incident forced the exchange to cease its operation and report to law enforcement.\n\nBitfinex has published a statement on its website, telling its customers that the company is investigating the breach in attempt to figure out what happened, but it is already clear that some of its customers have had their Bitcoins stolen. Bitfinex is currently undertaking a review to find out which customers have been affected by the hack.\n\nAccording to the director of community and product development for the cryptocurrency exchange, more than 119,000 Bitcoins were stolen from Bitfinex users’ segregated wallets. Following this news, the value of Bitcoin fell nearly 20%, according to data from CoinDesk, as the stolen cryptocurrency makes up about 0.75% of all Bitcoins in circulation.\n\nBitcoin experts confirm that Bitfinex is the biggest USD exchange, so everyone has an account with it (except for China). The cryptocurrency exchange was assessed as very liquid, providing the ability to trade on margin and having lots of daily volume.\n\nSo far, security experts cannot tell whether the breach was an inside job or hackers managed to gain access to the system externally. Financial experts are also not sure whether the theft can force Bitfinex into bankruptcy. You may remember that a similar loss of cryptocurrency from the biggest exchange at the time, MtGox, forced it into bankruptcy protection 2 years ago and led to the arrest of its CEO Mark Karpeles in Japan.",
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}mudassarreceived 0.011 SBD, 0.020 SP author reward for @mudassar / facebook-gave-another-try-to-disappearing-messages
mudassarreceived 0.011 SBD, 0.020 SP author reward for @mudassar / facebook-gave-another-try-to-disappearing-messages
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}| author | razvanul05 |
| body | most people use streaming - watchseries is the best example. what about this? |
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}adrianvasilescuupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
adrianvasilescuupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
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}mathiasclupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
mathiasclupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
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}ardinaupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
ardinaupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
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}acidyoupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
acidyoupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
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}honeythiefupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
honeythiefupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
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}hankreardenupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
hankreardenupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
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}dimon14upvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
dimon14upvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
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}justtryme90upvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
justtryme90upvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
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}mudassarupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
mudassarupvoted (100.00%) @mudassar / facebook-gave-another-try-to-disappearing-messages
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}mudassarpublished a new post: facebook-gave-another-try-to-disappearing-messages
mudassarpublished a new post: facebook-gave-another-try-to-disappearing-messages
| author | mudassar |
| body | It is not the first time for Facebook to trial a Snapchat-style messaging system, but this time it introduced it alongside a much wider change: the end-to-end encryption in Facebook Messenger, which prevents the message carrier from having access to the message itself. While another Facebook-owned messaging service, WhatsApp, has encrypted all the conversations a few months ago, messages sent through Messenger app can be read by Facebook. The company admitted it has faced some difficulties in enabling end-to-end encryption in Messenger, mainly because its users are not tied to one device like in the case with WhatsApp. The Messenger user can start a conversation on desktop, carry it over to mobile, and then finish it on a tablet, which is not easy to do with end-to-end encryption. Encryption options in Messenger are limited by that scope: it locks the conversation to one device, and unlike WhatsApp it can only be one-to-one. So far, the “secret conversations” are opt-in, which requires users to actively decide to take a conversation secret, because in this case you won’t be able to switch between devices. Besides, they don’t currently support rich content like GIFs and videos, making payments, or some other Messenger features. The only advantage of Messenger over WhatsApp is the introduction of disappearing messages: you can set a timer for the time each message remains visible. It must be noted that Facebook has made similar attempts 3 times previously: Snapchat has been a thorn in Facebook’s side since it turned down an acquisition offer in 2013. For the last 3 years, Facebook has tried to copy Snapchat’s feature with varying success. |
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| permlink | facebook-gave-another-try-to-disappearing-messages |
| title | Facebook Gave Another Try to Disappearing Messages |
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}| author | mudassar |
| body | Interesting to see the outcome of this . . |
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| parent permlink | the-central-bank-of-the-netherlands-is-thinking-about-transferring-to-the-blockchain-the-whole-financial-infrastructure |
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}| author | mudassar |
| body | Thank you for the value addition to the article. |
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}| author | mudassar |
| body | Thank You! |
| json metadata | {"tags":["website"]} |
| parent author | nastrom |
| parent permlink | re-mudassar-romania-seized-leading-pirate-website-domain-20160715t103721190z |
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}ardinaupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
ardinaupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
| author | mudassar |
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}mudassarupvoted (100.00%) @steemitblog / important-security-announcement-steemit-ceo-ned-scott
mudassarupvoted (100.00%) @steemitblog / important-security-announcement-steemit-ceo-ned-scott
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| permlink | important-security-announcement-steemit-ceo-ned-scott |
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}mudassarupvoted (100.00%) @phenom / hi-steem-let-me-introduce-myself-young-russian-researcher
mudassarupvoted (100.00%) @phenom / hi-steem-let-me-introduce-myself-young-russian-researcher
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}mudassarupvoted (100.00%) @halo / new-pic-hope-you-like-it
mudassarupvoted (100.00%) @halo / new-pic-hope-you-like-it
| author | halo |
| permlink | new-pic-hope-you-like-it |
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}| author | razvanul05 |
| body | this happens everywhere, not only in Romania. the only difference is that in other countries people get fines and they have to pay them. not the case here |
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| parent permlink | romania-seized-leading-pirate-website-domain |
| permlink | re-mudassar-romania-seized-leading-pirate-website-domain-20160715t105530509z |
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}nastromupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
nastromupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
| author | mudassar |
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}| author | nastrom |
| body | Very interesting! I like it! |
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| permlink | re-mudassar-romania-seized-leading-pirate-website-domain-20160715t103721190z |
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}stephencurryupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
stephencurryupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
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}dimon14upvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
dimon14upvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
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}mudassarupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
mudassarupvoted (100.00%) @mudassar / romania-seized-leading-pirate-website-domain
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}mudassarpublished a new post: romania-seized-leading-pirate-website-domain
mudassarpublished a new post: romania-seized-leading-pirate-website-domain
| author | mudassar |
| body | The country with the fastest average Internet connection speeds in the region has intensified its anti-piracy efforts, with the government seizing the domain of one of the most popular streaming websites in the country for copyright infringement. rom-seized.th.jpg Hollywood continues its efforts to pressure countries in mainly Western Europe to act against online piracy. As a result, some countries passed anti-piracy legislation but largely it has been left to national courts and entertainment industry to decide how to deal with file-sharing. For example, the Romanian government has seized the domain of a popular streaming portal 990.ro, which made available almost any TV show on the planet and about 90% of the latest movies without the permission of the rights owners. Now its domain is under the control of the Ministry of Justice. Although the site didn’t receive any notice of the seizure, this was expected: 4 years ago, Romania’s Audiovisual Council reported pirate movie and TV show websites (including 990.ro) to the local police, demanding action to shut them down. The list also included Vplay.ro, the largest site of its type at the time, and it was also seized by the Ministry of Justice. Many of other websites from that list have since shut down, moved to new domains or had old ones seized. A similar crackdown was carried out a year ago with the assistance from the FBI: it resulted in 3 sites shutdown and arrest of several people. So far, no arrests connected with 990.ri seizure were announced, but more serious breaches of Romanian copyright law can be punishable by fines and jail sentences. It is also known that 990.ro carried a lot of paid advertising, so the chances are that tax evasion and money laundering offenses are being investigated, just like in the last year’s raids. According to media reports, 990.ro was owned by the Romanian news and entertainment portal Romania Online, but the latter denied the allegations. Media reports also stated that 990.ro was one of many customers of the FASTUPLOAD.ro free service that allows to store, transfer and view files. The hosting service is known as the largest storage service in the country, operating under Romanian law. A direct IP address for the streaming site has ceased to function, and its operators haven’t announced its return so far. |
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"body": "The country with the fastest average Internet connection speeds in the region has intensified its anti-piracy efforts, with the government seizing the domain of one of the most popular streaming websites in the country for copyright infringement.\n\nrom-seized.th.jpg\n\nHollywood continues its efforts to pressure countries in mainly Western Europe to act against online piracy. As a result, some countries passed anti-piracy legislation but largely it has been left to national courts and entertainment industry to decide how to deal with file-sharing. For example, the Romanian government has seized the domain of a popular streaming portal 990.ro, which made available almost any TV show on the planet and about 90% of the latest movies without the permission of the rights owners. Now its domain is under the control of the Ministry of Justice.\n\nAlthough the site didn’t receive any notice of the seizure, this was expected: 4 years ago, Romania’s Audiovisual Council reported pirate movie and TV show websites (including 990.ro) to the local police, demanding action to shut them down. The list also included Vplay.ro, the largest site of its type at the time, and it was also seized by the Ministry of Justice. Many of other websites from that list have since shut down, moved to new domains or had old ones seized.\n\nA similar crackdown was carried out a year ago with the assistance from the FBI: it resulted in 3 sites shutdown and arrest of several people. So far, no arrests connected with 990.ri seizure were announced, but more serious breaches of Romanian copyright law can be punishable by fines and jail sentences. It is also known that 990.ro carried a lot of paid advertising, so the chances are that tax evasion and money laundering offenses are being investigated, just like in the last year’s raids.\n\nAccording to media reports, 990.ro was owned by the Romanian news and entertainment portal Romania Online, but the latter denied the allegations. Media reports also stated that 990.ro was one of many customers of the FASTUPLOAD.ro free service that allows to store, transfer and view files. The hosting service is known as the largest storage service in the country, operating under Romanian law. A direct IP address for the streaming site has ceased to function, and its operators haven’t announced its return so far.",
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}tismyakaupvoted (100.00%) @mudassar / australia-to-sell-gbp8m-of-seized-bitcoins
tismyakaupvoted (100.00%) @mudassar / australia-to-sell-gbp8m-of-seized-bitcoins
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}mariusnilsenupvoted (100.00%) @mudassar / australia-to-sell-gbp8m-of-seized-bitcoins
mariusnilsenupvoted (100.00%) @mudassar / australia-to-sell-gbp8m-of-seized-bitcoins
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seagulupvoted (100.00%) @mudassar / australia-to-sell-gbp8m-of-seized-bitcoins
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}calaber24pupvoted (100.00%) @mudassar / australia-to-sell-gbp8m-of-seized-bitcoins
calaber24pupvoted (100.00%) @mudassar / australia-to-sell-gbp8m-of-seized-bitcoins
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mudassarupvoted (100.00%) @mudassar / australia-to-sell-gbp8m-of-seized-bitcoins
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}mudassarpublished a new post: australia-to-sell-gbp8m-of-seized-bitcoins
mudassarpublished a new post: australia-to-sell-gbp8m-of-seized-bitcoins
| author | mudassar |
| body | A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June. The 24,518 bitcoins will be sold mostly in blocks of 2,000 - each with a market value of about £680,000. Ernst & Young, the firm organising the auction, said the bitcoins had been "confiscated as proceeds of crime" but did not elaborate on the case. One expert said the authorities had chosen a "safe" time to sell. Australian newspapers have previously reported that 24,500 bitcoins were seized by police in the state of Victoria in 2013, after a man was arrested for dealing illegal drugs online. In 2015, Victoria's Asset Confiscation Operations department "confirmed it had recently taken possession of 24,500 coins and would try to make the most of it", according to the Sydney Morning Herald. 'Significant amount' "This is a significant amount of Bitcoin," Dr Garrick Hileman, economic historian at the Cambridge Centre for Alternative Finance. "It's about a week's worth of new Bitcoin that comes onto the market through mining." Currently about 4,000 new bitcoins are generated a day, as a reward for "miners" who offer their computer power to process Bitcoin transactions. The seized coins are auctioned in blocks because quickly selling a large number of coins for cash at a Bitcoin exchange could negatively affect the market. "Generally the view is that any time 10,000 bitcoins sell, the market price can be moved significantly," said Dr Hileman. The price of Bitcoin rose to $530 (£362) on Friday, its highest level since August 2014. Dr Hileman said the Australian authorities had chosen a "safe" time to sell because there is some uncertainty about what will happen to the value of Bitcoin in July. "The Bitcoin protocol is designed to reduce the number of new bitcoins miners are given as a reward for processing transactions every four years. "The reward will be halved on 14 July, so prices could go up due to the reduced supply of new bitcoins. "But there is a question about whether security could decline, if rewards for miners are reduced significantly. So it's a safe time to sell, as there is no guarantee about what might happen in July." 'Set a precedent' The Australian Bitcoin auction, which will be open to bidders worldwide, is the first such sale outside of the US. In 2014, the US Marshals Service began auctioning a collection of about 175,000 bitcoins that had been confiscated from the founder of internet marketplace Silk Road. The final auction of those bitcoins attracted 11 bidders, possibly due to the high cost of each block on sale. Dr Hileman said the sale of Bitcoin by the Australian authorities was an acknowledgement that the cryptocurrency was not illegal. "Any time a government sells Bitcoin, it is acknowledging that this is a different asset to drugs, for example, that would not be sold in an auction," he told th. "That was one of the big takeaways from the US Marshal Service auction - they set a precedent that Bitcoin was not illegal. "Australia has been going through its own regulatory process - and this makes a standing that Bitcoin is legal to use in Australia." |
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| title | Australia to sell £8m of seized bitcoins |
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"body": "A collection of bitcoins worth about £8m, which had been confiscated by police in Australia, will be auctioned off in June.\nThe 24,518 bitcoins will be sold mostly in blocks of 2,000 - each with a market value of about £680,000.\nErnst & Young, the firm organising the auction, said the bitcoins had been \"confiscated as proceeds of crime\" but did not elaborate on the case.\nOne expert said the authorities had chosen a \"safe\" time to sell.\nAustralian newspapers have previously reported that 24,500 bitcoins were seized by police in the state of Victoria in 2013, after a man was arrested for dealing illegal drugs online.\nIn 2015, Victoria's Asset Confiscation Operations department \"confirmed it had recently taken possession of 24,500 coins and would try to make the most of it\", according to the Sydney Morning Herald.\n'Significant amount'\n\"This is a significant amount of Bitcoin,\" Dr Garrick Hileman, economic historian at the Cambridge Centre for Alternative Finance. \"It's about a week's worth of new Bitcoin that comes onto the market through mining.\"\nCurrently about 4,000 new bitcoins are generated a day, as a reward for \"miners\" who offer their computer power to process Bitcoin transactions.\nThe seized coins are auctioned in blocks because quickly selling a large number of coins for cash at a Bitcoin exchange could negatively affect the market.\n\"Generally the view is that any time 10,000 bitcoins sell, the market price can be moved significantly,\" said Dr Hileman.\nThe price of Bitcoin rose to $530 (£362) on Friday, its highest level since August 2014.\nDr Hileman said the Australian authorities had chosen a \"safe\" time to sell because there is some uncertainty about what will happen to the value of Bitcoin in July.\n\"The Bitcoin protocol is designed to reduce the number of new bitcoins miners are given as a reward for processing transactions every four years.\n\"The reward will be halved on 14 July, so prices could go up due to the reduced supply of new bitcoins.\n\"But there is a question about whether security could decline, if rewards for miners are reduced significantly. So it's a safe time to sell, as there is no guarantee about what might happen in July.\"\n'Set a precedent'\nThe Australian Bitcoin auction, which will be open to bidders worldwide, is the first such sale outside of the US.\nIn 2014, the US Marshals Service began auctioning a collection of about 175,000 bitcoins that had been confiscated from the founder of internet marketplace Silk Road.\nThe final auction of those bitcoins attracted 11 bidders, possibly due to the high cost of each block on sale.\nDr Hileman said the sale of Bitcoin by the Australian authorities was an acknowledgement that the cryptocurrency was not illegal.\n\"Any time a government sells Bitcoin, it is acknowledging that this is a different asset to drugs, for example, that would not be sold in an auction,\" he told th.\n\"That was one of the big takeaways from the US Marshal Service auction - they set a precedent that Bitcoin was not illegal.\n\"Australia has been going through its own regulatory process - and this makes a standing that Bitcoin is legal to use in Australia.\"",
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