Technology pioneer and cryptocurrency advocate John McAfee has just announced his departure from his own privacy asset project, Ghost. "I am abandoning the the Ghost project," he said in an Aug. 19 tweet. "Management is incapable of making a success of the project," he explained, adding, "It will, without a doubt fail." He elaborated: "I tried to explain the fundamental principles of management, but they fell on deaf ears. My apologies to those that I led astray. Sorry." McAfee has bashed Bitcoin in recent months for its lack of privacy. The tech expert set out to make his own proof-of-stake, …

Crypto and blockchain experts now have something new to save up for — a line of techie-style Rolls Royce cars, each complete with a cryptographic puzzle. As crypto prices pop off, participants may begin asking "When Rolls?" instead of the popular 2017 phrase, "When Lambo?" Leaving a fair bit of detail to the imagination, Rolls Royce's website now shows limited details of its new 50 car lineup. A shoutout to the Greeks The car line's label, Wraith Kryptos, comes from Greek origin relating to something hidden, while the cars themselves give a number of shoutouts to cryptology — a term …

John McAfee, arch libertarian, tax fugitive and staunch advocate of cryptocurrencies, is offering 101 survival tips in lieu of investment advice during the pandemic crisis. McAfee appeared on the left-wing podcast Aufhebunga Bunga on April 14, in an episode devoted to the political, economic and civic fault lines that have been exposed by the COVID-19 crisis. Podcast co-host Phil Cunliffe, a senior lecturer at the School of Politics and International Relations at the University of Kent, turned the discussion towards what the present conjuncture could mean for the digital economy and cryptocurrency sector in particular. Hinting at the quantity theory …

Cybersecurity firm Emsisoft has released a solution for Bitcoin (BTC)-demanding ransomware WannaCryFake. Pay Bitcoin in return for your data In a Sept. 25 blog post, Emsisoft announced that they are releasing a new free fix for the WannaCryFake ransomware bug. The WannaCryFake is the next version of the WannaCry worm, a type of malicious software program that first began spreading across computer networks in May 2017. When a computer system is infected with the WannaCryFake worm, data is held hostage and a payment in Bitcoin will be requested to decrypt the files and release access to data. Emsisoft explains: “WannaCryFake …

Cybersecurity company McAfee Labs has released its August 2019 threat report, which notes an increase in cryptojacking campaigns and ransomware attacks in Q1 2019. Cryptojacking on the rise McAfee Labs posted their report on the company’s website on Aug. 28. According to the report, crypto jacking — installing and running a cryptocurrency miner without user permission — has been on the rise, with a 29% increase in crypto jacking campaigns in Q1 2019. Additionally, the company discovered new malware families for both Microsoft Windows and Apple users. One crypto jacking campaign they discovered was PsMiner — a crypto jacker for …

The world of cryptocurrencies is full of prophets and predictions of all ranges, just as any other financial market in the world. 2018 jumped right in with Bitcoin (BTC) hovering around $15,000 and investors being far too optimistic about the future of digital currencies. Some of the premonitions — especially related to BTC’s price by the end of the year — never came true, but many turned out to be quite realistic. Let’s take a look back at all of those hopes and fears. Predictions that went wrong Tom Lee: BTC will reach $25K Seems that one of the world’s …

Internet security provider and research lab McAfee Labs has uncovered new malware which secretly uses consumer devices to mine Monero (XMR), a blog post confirmed Nov. 12. Dubbed “WebCobra” and originating from Russia, the latest threat downloads one of two mining clients and uses the processor power of an infected device to generate coins for the perpetrators. Displaying the more “classic” behavior of so-called “cryptojacker” malware, WebCobra runs almost without a trace, McAfee Labs says, the only noticeable difference for the end user being reduced hardware performance. “Coin mining malware is difficult to detect. Once a machine is compromised, a …

North Korean hackers are suspected in a cyberattack on Turkey’s financial sector, as stated in a report released by McAfee March 8. The McAfee Advanced Threat Research team identified an attempt by the hacking group Hidden Cobra to breach the security of Turkish government-backed financial institutions on March 2 and 3. While McAfee policy is to not officially identify cyber groups from nation-states as culprits, they mention in the report that the code of the malware in question closely resembles code used by a hacking operative associated with North Korea. The hackers used modified malware known as a “Bankshot” which …