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AWS issues are causing erratic cryptocurrency market data in Asia

Aug23
by on August 23, 2019 at 12:55 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


Cryptocurrency exchanges are reportedly experiencing some disruption – how the tables have turned – after an outage at Amazon’s Web Services (AWS) cloud. Binance, one of the world’s biggest cryptocurrency exchanges, is reportedly experiencing 500 error messages on its APIs. It says some withdrawal processing has been affected. AWS is having an issue, mostly with caching services, affecting some users globally. We are working with them and monitoring the situation closely. — CZ Binance (@cz_binance) August 23, 2019 It’s causing some 500 error messages on APIs and affecting some withdrawal processing — CZ Binance (@cz_binance) August 23, 2019 The KuCoin exchange is…

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Indian court rejects the idea of linking social media accounts with IDs

Aug23
by on August 23, 2019 at 12:51 pm
Posted In: Around the Web, India


Earlier this week, The Madras High Court in India ruled against any possibility of linking Aadhaar or any government ID with social media accounts. Justice S. Manikumar, said linking Aadhaar to emails or accounts would violate the original ruling from the Supreme Court which allows the IDs use only for government welfare schemes. The high court was responding to two public interest litigations (PIL) filed last year that sought “linking of Aadhaar or any one of the Government authorized identity proof as mandatory for the purpose of authentication while obtaining any email or user account.” The High Court has now expanded the…

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Hackers behind Texas ransomware attacks want $2.5 million

Aug23
by on August 23, 2019 at 12:22 pm
Posted In: Around the Web


The threat actor behind the coordinated ransomware attack against multiple Texas local governments may have gained access to its computer systems via a third-party software provider. According to NPR, which first reported the development, the attackers want a collective ransom of $2.5 million. So far, there are no indications the amount has been paid. On August 20, the Texas Department of Information Resources (DIR) said as many as 23 state-run services — including police departments and libraries — had been had been affected by file-encrypting malware. Though very little is known about the attack’s origin or the strain of ransomware used, the…

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Facebook’s ‘cryptocurrency’ Libra may be in more trouble than we thought

Aug23
by on August 23, 2019 at 11:41 am
Posted In: Around the Web, cryptocurrency, Hard Fork


Facebook‘s ‘cryptocurrency’ Libra may be in even deeper trouble than we thought if a recent report is anything to go by. According to the Financial Times, it seems that some of Facebook‘s early backers have been spooked by increasing regulatory scrutiny. It’s being reported that at least three of Facebook‘s supporters have privately discussed ways in which to distance themselves from the project. When it was first announced, the Libra Association – the independent body responsible for overseeing the ‘cryptocurrency’ – boasted 28 members, which included several heavyweights from the financial sector (Visa, Mastercard), and technology industry (Spotify, Uber), alongside Calibra…

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