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A new machine for Bitcoin Mining called " Approximate Hardware " would make Bitcoin mining easier. Bitcoin had gained tremendous popularity over a few couple of years among the virtual currencies due to its decentralized principle. Mining a single Bitcoin is not an ice cake walk, as it requires an enormous amount of computing power to dig Bitcoins. To overcome this issue and mine Bitcoins faster, security researchers has conducted a study and made a new loophole in the mining process in an effort to mine the Bitcoins easily. How to Mine Bitcoins Faster? A team of Illinois-based researchers led by Indian Scientist, Rakesh Kumar, has designed a new hardware named " Approximate " that could reduce the pain of Bitcoin mining by 30 percent. The proposed system would make use of the faults in the hardware system such as: False Positives where an error is not present but notifies a fake error. False Negatives where an error is present but ...

A new Android malware has been making waves recently that have the capability to gain root access on your smartphone and completely erase your phone's storag e. Dubbed Mazar BOT , the serious malware program is loaded with so many hidden capabilities that security researchers are calling it a dangerous malware that can turn your smartphone into a zombie inside hacker's botnet. Mazar BOT was discovered by Heimdal Security while the researchers at the firm were analyzing an SMS message sent to random mobile numbers and locations. How Mazar BOT Works Despite other Android malware that distributes itself by tricking users into installing an app from third-party app stores, Mazar spreads via a spam SMS or MMS messages that carry a link to a malicious APK (Android app file). Once the user clicks the given link, he/she'll be ending up downloading the APK file on their Android devices, which when run, prompts the user to install a new application. This ...

Don't Try this at Home! An interesting software bug has been discovered in Apple's iOS operating system that could kill your iPhone, iPad or iPod Dead Permanently . Yes, you heard me right. An issue with the date and time system in iOS had emerged recently when Reddit users started warning people that changing your iPhone's or any iOS device's date to January 1, 1970, will brick your iPhone forever . Video Demonstration You can watch the whole process in the video given below. Even regular recovery tricks do not work. So, you are recommended to Not Try This Trick with your iOS device really – unless you book a trip to your local Apple Store. While I don't have any intention or desire to try it out with my iPhone 6s to confirm the authenticity of the bug, it is pretty much clear based on reports that seem legitimate. YouTuber Zach Straley first discovered the issue, which was later confirmed by iClarified, who tested the trick on an i...

Someone wants to kick Microsoft, Google and Apple off from his land, but himself uses Gmail and Mac. The newly appointed Internet Tsar German Klemenko , who is the first internet advisor of Vladimir Putin , wants to kick off American Giants from Russia. In a 90-minute interview conducted by Bloomberg, Klemenko expressed his interest to vanish the presence of tech biggies of foreign countries from Russia. Google & Apple have to Pay 18% more VAT As part of this, Klemenko plans to hike the tax on foreign companies, including Google and Apple, by 18% VAT on their applications & services sold online. It is estimated that Apple, Google and other companies are nearly gaining RUB 300 Billion (£2.7 Billion, US$4 Billion) in revenue every year from Russia. "When you buy an app from Google Play or the App Store anywhere in Europe, VAT is charged at the place of payment, but not here in our banana republic," says Klemenko. The proposed movement wi...

Over the last few years, we have seen several types of Ransomware malware that demand a whopping amount of money from users for the retrieval of their locked, compromised sensitive files. We have also witnessed the birth of decryption solution for some of the Ransomware like Cryptolocker (partial), Coinvault , Rescue Kit . One more solution has recently been released for decryption of newly emerging ransomware, dubbed as Hydracrypt and Umbrecrypt that are propagated through Angler Exploit Kit. Both of the malware belong to CrypBoss ransomware family. The source code of CrypBoss Ransomware was leaked last year on Pastebin, which was later analyzed by Fabian Wosar, a security researcher at Emsisoft. With the help of CrypBoss Source code, Wosar was successfully able to crack the encryption algorithm of the ransomware and quickly made the decryption tool for CrypBoss and its variants ( Hydracrypt and Umbrecrypt ). It is found that both Hydracrypt and Umbrec...

The Nasdaq stock exchange and the Republic of Estonia have announced the use of Blockchain-based technology to allow shareholders of companies to e-vote in shareholder meetings even when they're abroad, according to Nasdaq's press release. Global stock market giant is developing an electronic shareholder voting system implemented on the top of Blockchain technology that underpins Bitcoins . Blockchain – the public and decentralized ledger technology underpins all Bitcoin transactions and logs each transfer of an asset in an encrypted "block" that is added to a permanent, transparent chain showing every deal associated with that asset. Even some of the world's major banks are also considering the adoption of the Blockchain technology. In the mid of last year, 9 of the World's renowned Banks, including JPMorgan, Royal Bank of Scotland, Goldman Sachs and Barclays , collaborated with New York-based financial tech firm R3 to create a new fram...

Hacking of computers, smartphones and networks in the United Kingdom or abroad by the Government Communications Headquarters (GCHQ) is LEGAL , the UK's Investigatory Powers Tribunal ( IPT ) ruled. So, the UK is giving clean chit to its intelligence agency to spy on its people as well as people living abroad. Now, How is that okay? The British spying nerve center GCHQ has won a major court case in defense of the agency's persistent hacking programs.  After revelations by NSA whistleblower Edward Snowden about the extent of spying by the US and the UK, Privacy International and seven Internet Service Providers (ISPs) launched a legal challenge against the GCHQ's hacking operations. The case alleged that the British spying agency was breaking European law and violating fundamental warrant protections by its too intrusive and persistent surveillance actions. GCHQ Admitted its Hacking Practices Though GCHQ "neither confirm nor deny" the e...