CTO of MakerDAO Resigns & Accuses CEO of Turning the DAO Into an Enterprise
In a letter of their lawyer, 5 ex-members of the directive council of MakerDAO have recently accused their CEO of pushing them to resign. The CTO, Andy Milenius, has now resigned as well and explained himself in an open letter. He states that he resigns due to having different visions than CEO, Rune Christensen, for the future of the project. Milenius most striking allegation is that Christensen is seeking to centralize the project and that he is effectively turning it into an enterprise. So far, there has been no statement from Rune Christensen or from MakerDAO.
Study Reveals Businesses Are Increasingly Targeted by Crypto Mining Malware
A study by Malwarebytes has found out that crypto malware attacks against private persons went “nearly extinct”. However, the study also mentions that the threat for businesses has “steadily risen”. According to the study, “[b]usiness detections increased by about 7 percent from the previous quarter, while consumer detections declined by nearly 40 percent”. Overall this would result in a 35% dip compared to Q4 of 2018. However, the rate in which this new form of cyber crime is growing is still alarming. The study declares that “[c]ompared to Q1 2018, business detections have
skyrocketed 235 percent”.
Jaguar Land Rover to Reward Drivers with IOTA
Jaguar Land Rover company told the press on Monday that it is in the process of testing a unique software that will allow drivers to share information with other drivers. In return for sharing the data, they will earn IOTA cryptocurrency. The auto manufacturer is creating a smart wallet technology that will be installed in all its new automobiles. Drivers will earn IOTA cryptocurrency for taking specific actions such as enabling the technology to allow them to share data such as potholes on certain roads, navigation tips, local authorities, and other forms of useful data.
Microsoft Email Accounts Used by Hackers to Steal Cryptocurrencies
One of the main challenges in this industry is hacking. Hackers have devised ingenious ways of hacking into users wallets and stealing their digital assets undetected. In a recent report, Microsoft email services such as MSN, Hotmail, and Outlook were used by hackers to steal individual users’ cryptocurrencies. In the interview done by Vice Motherboard and widely shared online, one of the victims who fell prey to these hackers confirmed to Dutch Tech Forum that he lost more than one bitcoin. At the time of writing, one bitcoin is worth $5,400. The hackers used his email account to reset the password to his Kraken account and gain access to the digital assets.