Despite Ethereum Classic’s immediate actions to prevent further attacks, the network is once again the victim of another 51% attack, which now requires miners and exchanges to commit confirmation times above 7.000 blocks. In other news, a report reveals that a mobile phone from Chinese manufacturer Transsion has the potential to steal your credentials and make off with your cryptocurrencies. These and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
📍Shortly after presenting a proposal to improve network security, Ethereum Classic is the victim of a new 51% attackOn the afternoon of August 2, Ethereum Classic developers reported that the network suffered a new 51% attack that reorganized a total of 7.000 blocks.
Despite the progress of developers in implementing immediate and future measures to protect the network from these types of attacks, the current vulnerability of ETC remains high, due to the low rate of hash rate available.
📍The security company Secure-D and the media BuzzFeed, developed a research where it was discovered that the mobile device Tecno W2 Company Transsion, integrates malware with the potential to capture data and steal the cryptocurrencies, smartphone users. This is an attractive, low-cost mobile phone that is distributed in South Africa and Southeast Asia, and unfortunately it has already stolen the cryptocurrency of several of its users. Although the manufacturer company admitted the security vulnerability, it stated that the installation of the Triada malware is the responsibility of suppliers in the supply chain. In addition, it is not known how many devices are infected by this malware.
📍A few hours ago, the internet service provider, Cloudflare, suffered a failure that interrupted the stability of the service provided by the company. On its Twitter account, Cloudflare claims that the problem was caused by the interruption of an external traffic provider.
The company subsequently reported that it was working hard to mitigate the problem and restore the services it provides to its customers.
📍In Russia, the Federal Service for Supervision of Communications, Information Technology and Mass Media of Russia (RKN), banned the operations of the popular website dedicated to monitoring the offers of cryptocurrency exchange houses, Bestchange. This is the third time that this web portal has been banned in the Russian Federation for mentioning information about Bitcoin which is considered prohibited within the territory. The owners of the portal are looking for a way to have the block on Bestchange lifted as soon as possible in order to continue offering their services within the country.
📍In the United States, the Internal Revenue Service (IRS) recently published a memo which establishes that cryptocurrency income obtained by completing tasks and microtasks on platforms crowdsourcing will be considered taxable income; therefore, users are subject to paying taxes if they receive this type of income.
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