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Anonymous’ Cyber Attack Hits Atlanta Police Website After Rayshard Brooks Shot Dead by Officers

Anonymous’ Cyber Attack Hits Atlanta Police Website After Rayshard Brooks Shot Dead by OfficersThe hacktivist group Anonymous has claimed responsibility for taking down the Atlanta Police Department’s (PD) website, on June 14. The move came in response to the death of Rayshard Brooks, who was killed by the police on Friday, June 12. The shooting of Brooks happened after he had fallen asleep in his car in a restaurant’s drive-through blocking the lane and the restaurant’ employee called the police. When the police came and tried to arrest Brooks, the exchange between Brooks and a police officer escalated. Brooks was shot in an attempt to run away. The hacktivists announced their action in a tweet, specifically saying: https://twitter.com/YourAnonCentral/status/1272178797966618625

“Expect Us”

Cyber attacks on police departments across the United States began after Anonymous threatened the Minneapolis PD to “expose your many crimes to the world,” in a video published on May 25. Anonymous’ actions against the police would come in response to the death of George Floyd in police custody. The group said that it was responding to the blatant unaccountability of the police officers who keep using excessive force on the streets. The message specifically mentioned that two officers directly involved in the tragedy had a track record of suspected power abuse.

“Sadly, in the vast majority of police killings, the only one left alive to tell the story is the officer who took the person’s life, and thus the cycle is able to continue because none of these murderers ever face any justice for their actions,” it was said in the video.

Just a few days after the threat, the website for the Minneapolis police department and the city’s official page suffered a cyberattack with subsequent service disruptions continuing through the night.

Doubts Around Anonymous’ Involvement in Minneapolis PD Breach

Nevertheless, some cast doubts on Anonymous’ involvement in the attack on the Minneapolis PD. Troy Hunt at the Have I Been Pwned (HIBP) project claimed that the fact “Anonymous leaked the email addresses and passwords of the Minneapolis Police” is almost certainly fake. Hunt dug into 798 email addresses in the data set, wherein only 689 were unique and 87 of the addresses appear multiple times. “[…] it’s extremely unusual to see the same email address with multiple different passwords in a legitimate data breach as most systems simply won’t let an address register more than once,” he further said.

“Of the 689 unique email addresses, 654 of them are already in Have I Been Pwned. That’s a hit rate of 95% which is massively higher than any all-new legitimate breach. If you have a browse through the HIBP Twitter account, you’ll see the percentage of previously breached accounts next to each tweet and it’s typically in the 60% to 80% range for services based in the US,” the analysis showed.

Hunt concluded urging others not to spread disinformation and pointing out that the alleged Minneapolis Police Department “breach” was fake. Follow us on Twitter and Facebook and join our Telegram channel to know what’s up with crypto and why it’s important.

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Anonymous’ Cyber Attack Hits Atlanta Police Website After Rayshard Brooks Shot Dead by OfficersThe hacktivist group Anonymous has claimed responsibility for taking down the Atlanta Police Department’s (PD) website, on June 14. The move came in response to the death of Rayshard Brooks, who was killed by the police on Friday, June 12. The shooting of Brooks happened after he had fallen asleep in his car in a restaurant’s drive-through blocking the lane and the restaurant’ employee called the police. When the police came and tried to arrest Brooks, the exchange between Brooks and a police officer escalated. Brooks was shot in an attempt to run away. The hacktivists announced their action in a tweet, specifically saying: https://twitter.com/YourAnonCentral/status/1272178797966618625

“Expect Us”

Cyber attacks on police departments across the United States began after Anonymous threatened the Minneapolis PD to “expose your many crimes to the world,” in a video published on May 25. Anonymous’ actions against the police would come in response to the death of George Floyd in police custody. The group said that it was responding to the blatant unaccountability of the police officers who keep using excessive force on the streets. The message specifically mentioned that two officers directly involved in the tragedy had a track record of suspected power abuse.

“Sadly, in the vast majority of police killings, the only one left alive to tell the story is the officer who took the person’s life, and thus the cycle is able to continue because none of these murderers ever face any justice for their actions,” it was said in the video.

Just a few days after the threat, the website for the Minneapolis police department and the city’s official page suffered a cyberattack with subsequent service disruptions continuing through the night.

Doubts Around Anonymous’ Involvement in Minneapolis PD Breach

Nevertheless, some cast doubts on Anonymous’ involvement in the attack on the Minneapolis PD. Troy Hunt at the Have I Been Pwned (HIBP) project claimed that the fact “Anonymous leaked the email addresses and passwords of the Minneapolis Police” is almost certainly fake. Hunt dug into 798 email addresses in the data set, wherein only 689 were unique and 87 of the addresses appear multiple times. “[…] it’s extremely unusual to see the same email address with multiple different passwords in a legitimate data breach as most systems simply won’t let an address register more than once,” he further said.

“Of the 689 unique email addresses, 654 of them are already in Have I Been Pwned. That’s a hit rate of 95% which is massively higher than any all-new legitimate breach. If you have a browse through the HIBP Twitter account, you’ll see the percentage of previously breached accounts next to each tweet and it’s typically in the 60% to 80% range for services based in the US,” the analysis showed.

Hunt concluded urging others not to spread disinformation and pointing out that the alleged Minneapolis Police Department “breach” was fake. Follow us on Twitter and Facebook and join our Telegram channel to know what’s up with crypto and why it’s important. Source: https://forklog.media/anonymous-cyber-attack-hits-atlanta-police-website-after-rayshard-brooks-shot-dead-by-officers/

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Popular Crypt Analyst Says These Three Altcoins Are About to Take Off

Popular crypto trader Tyler Swope gave his top altcoin recommendations for the coming weeks, including Ethereum’s transition to the 2.0 network.

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Popular crypto analyst and trader Tyler Swope, who is the host of the “Chico Crypto” YouTube channel, has named three altcoins (one mega-cap and two small-cap) he thinks are about to take off in the month of December. 

According to the video he uploaded to his YouTube channel on December 2, Swope predicts that Ethereum (ETH) and two small-cap altcoins are going to have a strong performance in the coming weeks. 

Swope says he is bullish on Ethereum, highlighting the successful launch of Eth2’s beacon chain on December 1. He reiterated that Ethereum was still in Phase 0 of its multi-stage migration from proof-of-work to proof-of-stake, and he expects more successes for Ethereum in the coming year.. 

Swope also points investors to the small-cap German-engineered altcoin Unibright (UBT).

Unibright describes itself as “a team of blockchain specialists, architects, developers and consultants with 20+ years of experience in business processes and integration,” and says that it offers “consulting, low-Code-integration tools, programmable DeFi and the Universal Business Token.”

On August 3, CONA Services launched a supply chain project using Unibright.

He said: 

“Without enterprise, DeFi has been able to grow to nearly $14.5 billion in total value locked (TVL). What do you think is going to happen when enterprise DeFi is unlocked? That TVL will look like peanuts.”

The popular trader also recommends Morpheus.Network (MRPH) as a project for investors to watch. According to Swope, the supply chain optimization platform has strong ties to Coca-cola. 

Featured Image Credit: Photo via Pixabay.com

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Miners unconvinced as Ethereum devs look to move EIP-1559 to mainnet

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EIP-1559 is one of the most anticipated upgrades to the Ethereum blockchain, and according to reports, it is likely to be on the mainnet fairly soon.

ETH devs handling the proposal are in the process of moving EIP to the mainnet, coming to an agreement that solutions to most research questions have been solved.

Tim Beiko shared a Mainnet readiness checklist which revealed that most Theoretical Analysis and Simulations required for the implementation have already been completed.

The EIP 1559 was intended to accomplish four main design goals: Prevention of economic abstraction, a perpetual block subsidy, flexible block design, and the implementation of an algorithmic fee model.

Of all the design goals, the implementation of the algorithmic fee model that would eliminate the current gas price woes, is possibly the most anticipated part of the proposal.

After the implementation, users won’t need to set up the gas fees manually and the wallets compatible with EIP-1559 will auto-set it even when there is high activity in the network. The wallet will also add a tip for miners as compensation for their job.

However, a Community Outreach Report that gathers feedback from the ETH community on EIP-1559 revealed that miners believed they would be negatively impacted.

According to the report, almost all the miners answering the survey mentioned that EIP-1559 would negatively impact them and that they would consider mining on another chain than Ethereum if it went through.

This concern from miners quite possibly stems from the fact that miner revenue would considerably decrease as they earn fewer fees from each transaction.

Other mining concerns included potential collusion between miners, miners not upgrading their clients to support the EIP, and centralization of mining risks if small miners are pushed out of Ethereum.

Source: EIP-1559 Community Outreach Report

Given the fact that miners were the majority of respondents, the response to the project so far seems to have been more negative than positive.

Source: https://eng.ambcrypto.com/miners-unconvinced-as-ethereum-devs-look-to-move-eip-1559-to-mainnet

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India Reportedly Plans to Tax Crypto Investors As Bitcoin Price and Trading Activities Soar

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Barely ten months after the Indian Supreme Court lifted the RBI’s ban on cryptocurrency transactions, fresh reports from yesterday revealed that the country’s tax authority is now keeping a close watch on crypto traders as Bitcoin’s price continues its bullish trend.

Taxing Crypto Gains

According to local media, the Indian Tax Department is already in possession of data belonging to investors who invested in Bitcoin or cryptocurrencies through banking channels before the RBI’s ban in 2018. 

This development is coming after data shows a tremendous increase in crypto trading activities in India. Since the crypto ban was lifted earlier this year, retail investors between the ages of 25 and 40 have been spending millions of dollars on crypto trading every day. 

Over $25 Million Daily

Two of India’s largest crypto trading platforms, Binance-acquired WazirX and CoinDCX, saw a significant increase in activities over the last six months. According to an earlier report, WazirX recorded a massive 125% increase in user signups in the last two quarters. The exchange also has a daily trading volume of $19-26 million, with more than 85% of the transaction coming from Indian traders. 

Some experts believe it will be difficult for the country to tax crypto because there’s no regulation in place for crypto dealings. They feel a regulatory framework will provide the needed clarity to make taxation easier. While India is yet to release its crypto regulation, an earlier report suggests that the country may regulate crypto as commodities.

Declaring Bitcoin Profits As Capital Gains

Although it is unclear how India plans to implement the tax law, sources familiar with the matter claimed that the country’s taxman is already preparing to collect tax on the gains made from Bitcoin. And notice may be sent out to investors if “something goes out of this.”

Experts believe that the tax authorities may classify crypto gains as business income, and investors may have to pay up to 30% tax on profits made from selling cryptocurrencies. 

However, some tax experts are advising their clients to declare their Bitcoin earnings as capital gains, which is similar to profits generated from shares.

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Source: https://cryptopotato.com/india-reportedly-plans-to-tax-crypto-investors-as-bitcoin-price-and-trading-activities-soar/

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