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Technology UNICEF recruits gamers to mine cryptocurrency for Syrian kids

18:36  03 february  2018
18:36  03 february  2018 Source:   engadget.com

Japanese cryptocurrency exchange loses more than $500 million to hackers

  Japanese cryptocurrency exchange loses more than $500 million to hackers Coincheck says it lost about 523 million of the cryptocurrency exchange's NEM coins, according to a Google translate of a Japanese transcript from Logmi.Hackers stole several hundred million dollar's worth of one lesser-known cryptocurrency from a major Japanese exchange Friday.

a blurry image of a screen© Provided by Engadget UNICEF has launched a new fund-raising project in the same vein as [email protected] and [email protected], but with a cryptocurrency spin. In an effort to raise money for the children in war-torn Syria, the organization is asking gamers, eSports fans and anybody with powerful graphics cards in their computers for help in mining Ethereum. It's calling the new project "Game Chaingers," and joining it is as easy as going to its website, giving it a few details about your system so it can configure the mining software and installing that software to your PC.

Game Chaingers uses your graphics card's power to mine for cryptocurrency, which then goes straight to UNICEF's account. Of course, the more participants there are, the more coins it can mine -- if the hundreds of millions of gamers around the world help out, the organization can raise a considerable amount. UNICEF says it created the project out of a need to find new donors, since most of its benefactors are already over 50. By asking to borrow PCs' processing power instead of straight-out appealing for cash, even those who wouldn't usually give to charities could contribute.

Coincheck loses $400 million in massive cryptocurrency heist

  Coincheck loses $400 million in massive cryptocurrency heist The exchange promises to reimburse all affected customers, though.Mt. Gox, which was also based in Shibuya like Coincheck, was the victim of another massive cryptocurrency theft back in 2014. It lost between $400 and $480 million from the heist, prompting Japan's legislators to pass a law to regulate bitcoin exchanges. Despite the comparable figures, Coincheck's hack didn't quite affect the market the way Mt. Gox did. Mt. Gox, after all, handled around 80 percent of Bitcoins back in the day when there weren't a lot of exchanges yet. Also, affected Mt. Gox users didn't get their money back.

When we asked the UN organization for children's rights whether running the program will cause your PC to consume more electricity than usual, a spokesperson told us that it won't. Your computer will still use the the same amount of electricity that it usually does, since it's not exactly the same as mining for bitcoins on your own. UNICEF will only borrow part of your processing power and only asks "for a punctual and brief participation." So, if the only thing keeping you from installing the software is its energy use and/or environmental impact, then it sounds like you've got nothing to worry about.

Game Chaingers

Cryptocurrency mining site hijacked millions of Android phones .
Smartphone users are just as vulnerable to cryptocurrency mining hijacks as their PC counterparts, and sometimes on a dramatic scale. The exact number of victims isn't apparent, but it's large. Malwarebytes identified five internet domains using the same captcha code and Coinhive site keys used for the campaign. At least two of the sites had over 30 million visits per month, and the combined domains had about 800,000 visits per day. Even though most people only ever spent a short amount of time on the pages (an average of 4 minutes), that amounted to a lot of mining time.

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