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BPSAA | Blockchain Privacy, Security & Adoption Alliance

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BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

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Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

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Italian Man Was Caught Using Airport Systems To Mine ETH

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An Italian man was caught using the airport computer systems where he worked in order to mine Ethereum illegally as we are reading further in the latest Ethereum news.

The Italian man was working at the airport and took advantage of the computer systems at his workplace to my ethereum. While working on the airport located in the Italian city of Lamezia Terme, the staffer put mining malware onto the airport computer systems according to news reports from Italian media outlet Rai News. The employee is said to have set up a few mining rigs on-site and took advantage of the airport backend systems in the process. The authorities caught the culprit via security camera footage.

private jets, bitcoin, payments, aivatrade

The technical services provider Sacal Global Solutions oversees the technical framework for the airports in the Italian region of Calabria, reported that the airport employee aged 41, is believed to have tapped into the Sacal systems in order to install the mining malware. The staffer’s actions put the airport backend computer systems at risk:

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“The investigators, with the collaboration of the airport authorities, analyzed the partitions of the IT network inside the hub, discovering the presence, in two different technical rooms, of a real ‘mining farm’ […] connected to the external Internet network through systems dedicated to the management of airport services and powered by the airport’s electricity supply.

The investigations, coordinated by the Lamezia Terme Public Prosecutor’s Office, were conducted with technical activities that made it possible to examine the IP addresses associated with the machines installed, to identify the site of the ‘Ethermine’ pool (used for ‘mining’ of the Ethereum cryptocurrency) and monitor the site.”

ETH Miners Start, ethereum, mining

Crypto mining malware is not uncommon while performing attacks in the crypto industry. during the peak of the last crypto bull market in 2018, these malware attacks reached 55% of the globe’s companies. As reported recently, In 2019, there was no organization, regardless of its size, that was exempted from cyberattacks. Cybercriminal activity is profitable because it is attractive to people without any morals. Researchers estimated that for 2018, cybercrime attacks made US$1.5 trillion. Bitcoin is strong because of the randomness of the data exchanges within the Bitcoin blockchain, and the utilization of sturdy encryption. In consequence, the blockchain and the data cannot be copied or infiltrated through malware or certain other malicious technology. However, transactions that are made around the blockchain are vulnerable to cyberattacks.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

Source: https://www.dcforecasts.com/ethereum-news/italian-man-was-caught-using-airport-systems-to-mine-eth/

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Ethereum, Stellar Lumens, Basic Attention Token Price Analysis: 31 October

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On the last day of October Bitcoin was seen nearing its monthly high as it aimed towards the $13,700 mark. The same bullishness was also visible on the trading charts of Ethereum, Stellar Lumens, and Basic Attention Token (BAT), with the three digital assets recording appreciable single day gains.

While the price recovery in Ethereum was still not as strong enough, both BAT and Stellar Lumens noted a trend reversal to bullish post a descending channel formation.

Ethereum [ETH]

Source: ETH/USD on TradingView

Ethereum gained 1.5% over the last 24 hours as it attempted to retrace some gains after witnessing a consistent dip in the price levels since 23 October.

Although, the price recovery still lacked bullish strength as could be seen from the Aroon indicator. The Aroon Up (orange) remained above the Aroon down (blue), but a fall its level at press time indicated weakness in the uptrend.

Again, despite the gains, a hint of incoming selling sentiment could still be noticed, as the Parabolic SAR too underlined a downtrend for the day’s trading session.

Stellar Lumens [XLM]

Source: XLM/USD on TradingView

The Awesome oscillator in the Stellar Lumens (XLM) market displayed a clear bullish crossover above the zero line.

The upward price rally followed a descending channel formation, that gave early signs of an incoming uptrend.

The divergence in the Bollinger Bands meant that the volatility level was on the rise, and a wide price action, given the bullish scenario also supported the recent uptick, that gave a positive return of 4.5% since yesterday.

A strong buy signal picked up from the technical indicators, might further push up the XLM prices towards the $0.079 resistance level over the next few days.

Basic Attention Token [BAT]

Source: BAT/USD on TradingView

Basic Attention Token was trading just above the $0.187 level of support following a 4% gain in price since yesterday. Relative Strength Index with its higher highs was seen heading towards the 60 level, an indication of rising buying pressure.

MACD although displaying convoluted lines at press time continued to remain in the bullish zone and further stayed above the zero level, as the buying sentiment persisted.

The digital asset sharply rose above the trendline and two of its key support levels. BAT could be headed for a brief consolidation along the $0.187 level of support, before witnessing another upward price rally over the next few days.

Source: https://eng.ambcrypto.com/ethereum-stellar-lumens-basic-attention-token-price-analysis-31-october

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Uniswap Retroactive Proxy Contract Airdrop Proposal Receives 28 Million Votes

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Community voting is on for Uniswap’s new governance proposal. The same will see users receive more than 5 million UNI tokens via a proxy contract. As of now, more than 28 million votes have gone in favor of the airdrop. Around 1.3 million votes are against the proposal.

Voting Begins For Uniswap’s Second UNI Airdrop

The voting process is on for passing Uniswap’s Phase 1 of Retroactive UNI Governance Token Distribution. The proposal, if successfully passed, will see 12,619 wallet addresses receive 400 UNI tokens each. However, for the successful receipt of the tokens, they must have interacted with the DEX through a third party or a proxy contract.

As per the numbers shared in the description on the official Uniswap website:

Specifically, this proposal transfers 5,047,600 UNI to a new MerkleDistributor contract, which will then allow for 400 UNI to be claimed by each of the 12,619 accounts held by users of the following projects:

Project Accounts % of total
Argent 3418 27.09%
DeFi Saver 890 7.05%
Dharma 2833 22.45%
eidoo 301 2.39%
FURUCOMBO 57 0.45%
MEW 4278 33.90%
Monolith 19 0.15%
Nuo 740 5.86%
Opyn 79 0.63%
rebalance 4 0.03%

Currently, the airdrop proposal has received upwards of 28 million votes. And around 1.3 million are against the helicopter-like distribution of Uniswap’s governance tokens. Voting will end on October 31 at 8 AM UTC. A quorum of 40 million votes is necessary to pass the proposal.

Dharma Protocol Proposed The Proposal Because…

Back in September, its users were left out of the initial airdrop. According to the Dharma team,

the way the retroactive airdrop was architected seemed to make a slight oversight in the snapshotting process — only addresses which directly called the Uniswap contracts were considered to be users.

Also, increased programmatic bot proliferation might have resulted in one user having multiple addresses. As per the description:

The Phase determination was made based on how easy it is to programmatically hook a trading bot into them, as this is a proxy for what portion of these cohorts risk representing multiple addresses per end-user. Phase 1 is the less programmatically accessible cohort, indicating a lower likelihood of multiple addresses per end-user.

If Phase 1 Passes, There Will Be Phase 2

On the successful passing of the first phase, Dharma has pledged to put in place a second UNI governance token distribution proposal. But they have also discretely mentioned their agreement to the final result (success or failure) of both voting processes.

If either Phase fails, we will accept that as the final determination of the Uniswap community. Should both Phases pass, we will not vote in favor of any further retroactive airdops.

Has this proposal gone down well with other members of the community? Well, some like Jeff Dorman, CIO of the investment management firm Arca have presented a bullish case for UNI (as opposed to those who think the proposal will actually devalue the token’s price).

In a detailed Tweet thread, Jeff called Uniswap’s governance token a ‘pass-thru token.’

UNI is being misrepresented as a “governance” token, and the market has shown that governance has no value. But in reality, UNI is a pass-thru token — where revenues will be passed thru to token holders. $UNI holders are about to earn a very large revenue stream in Feb 2021.
Will Jeff’s views hold true, and will we see the current phase of the UNI airdrop proposal win a majority? That remains to be seen.
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Source: https://cryptopotato.com/uniswap-retroactive-proxy-contract-airdrop-proposal-receives-28-million-votes/

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