Silk Road Reloaded Moves to Obscure I2P Network Over Tor

Silk Road Reloaded, the latest version of the infamous darknet black market, has eschewed the Tor network for the little-known but more secure I2P network

Silk Road, its clones, and its successors alike have opted for Tor as their network of choice, but concerns over the level of anonymity the network provides, magnified by Edward Snowden’s revelations concerning the NSA’s PRISM spying program, have persuaded this latest iteration of Silk Road to move to I2P.

Silk Road Reloaded, unlike its originator, accepts cryptocurrencies Litecoin, Darkcoin, Anoncoin, and Dogecoin, as well as the traditional Bitcoin. Transactions made in currencies other than Bitcoin will be converted to Bitcoin through the site’s proprietary wallet.

The new service is said to be rather barren at present, but is expected to attract more activity over the coming months.

Hacker Makes $620,000 In Cryptocurrency From NAS-Mining Exploit

Hacking things to turn them into mining machines seems to be a profitable trend these days on the internet. One hacker had the smart idea to use a NAS vulnerability to create himself a huge mining network generating a pretty impressive $620,000 of crypto-currencies while the vulnerability lasted. The hacker used a vulnerability in Synology’s DiskStation Manager that permitted unauthorised remote reading and writing on NAS devices as well as the ability to utilise then system resources of Synology NAS devices for mining. Synology has long since patched the vulnerabilities which led to the problem but not without a fair amount of customer dissatisifcation from users reporting that their NAS devices were sluggish and unusable.

The hacker used a modified version of CPUMiner to mine vast amounts of Dogecoin to his wallet address “D9cDqmVjYXdeDjMtXSV7Z3LgiHvRZ12bPX”. Analysis of the address on the blockchain shows that he amassed over 400 million Dogecoin, the bulk of which were earned in January and February of this year when prices were fairly high (much higher than they are today). The hacker inserted the mining files into a folder called “PWNED” on each of the NAS boxes. Synology NAS owners have nothing to worry about so long as they remain updated with the latest version of the Synology NAS OS “DiskStation Manager”. 

Source: Security Focus, Via: Softpedia

Image courtesy of Softpedia

Dogevault Goes Offline – Millions of Dogecoins Appear Stolen

As far as cryptocurrencies go, Dogecoin has by far got to be the most popular one of recent times and it’s not surprising really considering it went viral after it was created in the spirit of the popular internet Doge meme.

News has come to light however that some people may have taken a liking to the currency a bit too much after the online wallet Dogevault reportedly went offline without any warning and some users are realising that large quantities of Doge were transferred out of their accounts just before the service went down.

Whether or not the Dogevault servers were hacked or whether the owners have shut up shop and made for the hills is still under investigations, but after some investigation in to where the coins have been transferred to, it seems like we could be looking at the biggest Dogecoin thefts in history. One user posted a shot of his wallet, showing that 950k coins were removed and after following the transaction path, they appear to have landed in this wallet, along with nearly 120 million more coins. Another wallet has been found as well that suggests the Dogevault owners are also responsible, with a balance of over 2.6 million coins itself.

What is certain though is that the coins sadly are not likely to be returned which turn may cost their rightful owners a lot of real hard cash. My suggestion though is that if you use an online wallet, get a desktop wallet that I personally feel is more secure, transfer all your coins there and make sure you keep it safe. A flash drive in a safe would be better suggestion even still.

Source: The Cryptocurrency Times

First Images of Dogecoin Sponsored NASCAR Released

NASCAR driver Josh Wise was driving without sponsorship on his car, and when his fans as well as the /r/dogecoin community of Reddit caught word of this, they set about raising more than $50,000 to help him. Not only did they get people to donate their Dogecoins, but also ran a competition for everyone to help design the car, which is now the first crypto currency sponsored, meme covered car in NASCAR, awesome!

The 98 Chevrolet SS that Josh Wise drives will be featured in the upcoming race at Talladega Superspeedway on May 4th, sporting its new Doge colours. The “Dogecar” pictures were tweeted by Phil Parsons Racing yesterday, covered from front to back in the Shiba meme, as well as a tiny spaceship which we can only assume is going “to the moon”, Doge fans will understand.

If Wise gets enough support, the car could also head to the Sprint Cup Series All Star race, but only time will tell if he can make it.

It’s pretty crazy to see a meme now sponsoring a car, let alone a crypo currency, but it just shows what a community can do when they put their heads together.

Thank you TheVerge for providing us with this information.

Images courtesy of TheVerge.

Dogecoin, Such Sponsorship, So NASCAR, WOW!

NASCAR is an expensive sport to take part in, although I guess the same can be true of any sport that requires a high-powered racing car and support team, those things just don’t come for free. Josh Wise, the driver of the No. 98 car in the Sprint Cup Series has been competing without a sponsor and racing without funding is no easy task.

Of course this is the internet and we can’t just sit back and let such an injustice happen! So there has been a bit of a whip around for spare Doge coins and so for the folks over at Reddit have raised a staggering 76,611.16648323 Dogecoins, which is unfortunately not as much as it sounds, it’s not even $70.

Reddit are going to have to raise $55,000 to be able to sponsor the car, but to add to the fun we’ve now heard that Josh Wise now knows about the campaign and is promoting it to get a Doge sponsored car.

Wow thanks for the support! Let’s make it happen RT @Denis_Pavel: @Josh_Wise The Dogecoin Community and I are fundraising to sponsor you! — Josh Wise (@Josh_Wise)

On top of that there is a paint job contest for what the car will look like should the succeed, I guess the design could be anything, but we all know it’s going to be covered in a giant Doge saying “such racing, much laps, wow!” or something to that effect.

Thank you SBNation for providing us with this information.

Image courtesy of SBNation.

Dogecoin Expected To Bring ‘Real Money’ To Owners In The Near Future

Dogecoin is one of the most known cryptocurrency out there, after Bitcoin. It may be pretty easy to pick up some Dogecoin, but, until now, it’s been difficult to convert it into cash. On Wednesday, Canadian electronic currency exchange Vault of Satoshi announced that it will now support Dogecoin, making it far easier to convert the currency into U.S dollars.

Anyone interested in turning their dogecoins into government-backed currency with wider acceptance up until now had to make an individual deal with someone willing to trade for Bitcoin, which could then be exchanged for dollars, Euros, and outer currency. However, this intermediate step not only made the entire process significantly more onerous, but it also inserted an element of risk.

Reports are that Reddit r/DogecoinScamWatch moderator u/goodshibe explained how the majority of the scams posted on the forum involve people having their coins taken from them while trying to convert dollars into dogecoins, or vice versa.

‟Once … [Dogecoin] gets a direct USD/CAD conversion … in place, many of these kinds of scams will fall away,” u/goodshibe predicted.

This newfound ability to easily and safely convert Dogecoin into dollars could change the nature of how the currency is used. According to BitInfoCharts.com, dogecoins with the equivalent of $212,500,000 were said to have been traded over the past 24 hours. To give a sense of how ridiculous that transaction volume is, the total value of every dogecoin in existence is reported to be only around $60,300,000.

The generosity seems to be related to the fact that a single dogecoin is worth a tiny fraction of a penny, so handing out a few dogecoins takes only slightly more commitment. However, it’s likely also a function of there not being a whole lot of things someone could easily do with a wallet full of dogecoins other than hand them out just like that. Now that converting dogecoins into dollars is no more difficult than exchanging any other cryptocurrency, there’s the chance that the community surrounding Dogecoin may come to more closely resemble that of any other cryptocurrency

Thank you Mashable for providing us with this information

Jamaica’s Bobsleigh Team Gets A Helping Hand With Dogecoin Donations

After a staggering 12 year absence, the Jamaican bobsleigh team was almost unable to compete at next months games in Sochi, Russia. The two man team is made up of driver Winston Watts and brakeman Marvin Dixon who will be representing Jamaica, something that has gone on to inspire many around the world due to the cult classic movie Cool Running, which saw a Jamaican bobsleigh team enter the Olympics.

Mr Watts has already pored around $150,000 of his own money into ensuring qualification, but financial constraints were preventing the team from flying to Europe, where they hope to take part in the final qualifying races. At which point the Jamaica Olympic Association said it would cover the teams travel costs, and the Sochi organising committee would also lend a hand, but it still wasn’t enough as the team still needed much equipment… that’s where the internet comes in!

Users of Reddit and their beloved Dogecoins joined forces to kick up a fund raised for the team and shortly after there were donations being gathered on Reddit, as well as direct donations being pored into the teams direct appeal website.

“As someone who grew up in the 90s, [the 1993 Disney film] Cool Runnings was the ultimate feel-good movie about underdogs out of their element achieving their dreams. We started without a concrete plan in mind. I sent a few emails out… but that was the extent of it,”

Jamaica qualified for the Olympics back in 88′, a move that inspired the movie Cool Runnings, and its great that it did because it’s the movie that has inspired a new generation to open their pockets and help the new team raise more that $110,000 via on-line fundraisers, and that number just keeps on growing.

Thank you BBC for providing us with this information.

Image courtesy of BBC.