The Weather Channel was briefly kicked off air after getting hit with a ransomware attack

The Weather Channel suffered a ransomware attack on Thursday morning. The network was knocked off air for over an hour as a result of the malware attack. Ransomware is a type of malware used by cybercriminals to lock up a target’s computer or network. Once the malicious software is installed, it holds your computer hostage or blocks access to files by encrypting them. Visit BusinessInsider.com for more stories. The Weather Channel was kicked off air on Thursday morning after suffering a “malicious software attack,” the network said via Twitter. “We experienced issues with this morning’s live broadcast following a malicious software attack on the network. We were able to restore live programming quickly through backup mechanisms. Federal law enforcement is actively investigating the issue. We apologize for any inconvenience to viewers as we work to resolve the matter,” the network said. The channel was knocked off air around 6 a.m. and didn’t get back up for over an hour. In a statement to the Wall Street Journal, the Federal Bureau of Investigations (FBI) said that the takedown was part of a ransomware attack on the network. Read more:What to do if your computer is taken over by ransomware — a form of malware taking over the internet Ransomware is a type of malware used by cybercriminals to lock up a target’s computer or network. Once the malicious software is installed, it holds your computer hostage or blocks access to files by encrypting them. Cyber thieves use the software to extort money from their victims, often in the form of a digital currency like bitcoin. The software is usually spread via phishing emails or by visiting an infected site. This isn’t the first time ransomware has disrupted a media operation. In December, a form of ransomware called Ryuk struck Tribune Publishing,
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The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, dates models, and loves bitcoin (TWTR)

Twitter founder Jack Dorsey REUTERS/Anushree Fadnavis Jack Dorseycofounded Twitter in 2006 and the company has made him a billionaire.He is famous for his unusual life of luxury, including a daily fasting routine, regular ice baths, and a penchant for dating models.Dorsey has also been caught up in the techlash, which engulfed companies like Twitter and Facebook last year. Visit BusinessInsider.com for more stories. From fighting armies of bots to quashing rumours about posting his beard hair to rapper Azealia Banks, Twitter CEO Jack Dorsey leads an unusual life of luxury. Dorsey has had a turbulent career in Silicon Valley. After cofounding Twitter in 2006, he was booted as the company’s CEO two years late r, but returned in 2015 having set up his second company, Square. Since then, he has led the company through the techlash that has engulfed social media companies, at one point testifying before Congress alongside Facebook COO Sheryl Sandberg. Meanwhile, Dorsey has provoked his fair share of controversy and criticism, extolling fasting and ice baths as part of his daily routine. His existence is not entirely spartan, however. Like some other billionaires, he owns a stunning house, dates models, and drives fast cars. Scroll on to read more about the fabulous life of Jack Dorsey. Rebecca Borison wrote an earlier version of this story. Dorsey began programming while attending Bishop DuBourg High School in St. Louis. Vine At age 15, Dorsey wrote dispatch software that is still used by some taxi companies. Source: Bio. Like many of his fellow tech billionaires, Dorsey never graduated college. edyson / Flickr He briefly attended the Missouri University of Science and Technology and transferred to New York University before calling it quits. Source: Bio. In 2000, Dorsey built a simple prototype that let him update his friends on his life
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Bitfinex Operator Accused by New York of $850M Cover-Up

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The Brave Browser Will Pay You to Surf the Web

If you were on the internet in the late 1990s, you might remember companies like AllAdvantage that promised to pay you to surf the web. You could install a program that tracked your browsing and showed you targeted ads at the top of the screen; then AllAdvantage would give you a cut of the ad revenue you generated.These schemes largely disappeared after the dot-com crash. But Brendan Eich, the controversial creator of the JavaScript programming language and cofounder and former CTO of Mozilla, thinks his company Brave Software has found a way to revive that old idea.Brave makes a browser based on Google Chrome that blocks tracking scripts and other technologies that spy on your online activity. As a result, it also blocks many web ads; if you visit WIRED.com using the Brave browser, you won’t see any ads. But starting Wednesday, Brave will give users the option to see ads that Eich says will respect your privacy. The ads will appear as desktop notifications, he says, not as replacements for the ads the Brave browser blocks. So you still won’t see ads on WIRED.com, but you might see them elsewhere on your screen. If you choose to see these ads, you’ll get 70 percent of the revenue they generate.Eich hopes Brave can solve two of the web’s most vexing problems—privacy and revenue—by turning the traditional digital advertising model on its head. Today, ad networks pay sites like WIRED.com for ad space and web browsers like Brave and Chrome deliver content from those publishers to users. Brave is trying to put the browser in the center of the advertising experience. Instead of paying publishers directly, ad networks would pay Brave, which will pass part of the money to users—and eventually to publishers—and keep a cut for itself.By handling advertising in
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Samsung supposedly looking to launch its own Ethereum-based blockchain and token

Samsung is reportedly looking to develop its own proprietary blockchain network as well as its own token some time in the future. According to an exclusive CoinDesk Korea report, which cited a person “familiar with Samsung’s internal situation,” the South Korean electronics giant’s blockchain task force is building an Ethereum-based blockchain mainnet. To manage expectations, though, the development is said to be at the “internal experimental” stage, which means we’ll likely have to wait to see a solution out in the wild. “Currently, we are thinking of a private blockchain, though this is not yet confirmed. It could also be a public blockchain in the future, but I think it will be a hybrid – that is, a combination of public and private blockchains,” the source said. Additionally, the source went on to say that although the markets expected ‘Samsung Coin’ to be launched, the specifics had not yet been decided. Samsung’s potential foray into the blockchain world has excited cryptocurrency enthusiasts for some time. In January last year, rumours swirled about Samsung reportedly manufacturing ASIC (application-specific integrated circuit) hardware specialized for Bitcoin and cryptocurrency mining. As part of the deal, Samsung would supply an unnamed Chinese mining equipment provider with the required hardware, according to a report (in Korean) from South Korean outlet The Bell.  As previously reported by Hard Fork in August last year, Samsung published a blog post suggesting smartphones had the best security for blockchain and cryptocurrency. The post went unnoticed until it was eventually picked up by various trade news sites. At the time, Hard Fork spoke to several security experts to discern Samsung’s claims and the consensus was that although smartphones could be a potential good short-term storage solution, they carry plenty associated risks when it comes to storing users’ cryptocurrency funds. A couple of months ago,
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eToro launches new ‘pro’ cryptocurrency exchange – and 8 stablecoins

In an announcement today, eToroX – the specialized blockchain division of social trading platform eToro – revealed it is launching a new cryptocurrency-only exchange desk for pro traders. The new platform will support trading in six cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Ripple, and Dash. More notably, the exchange will also support trading in eight fiat-backed stablecoins, pegged to Euro, US dollar, New Zealand dollar,Canadian dollar, Australian dollar, Japanese yen, Swiss franc, and UK pound sterling. All stablecoins will be issued and managed by eToroX. eToro says there will be 37 different trading pairs – BTC-USD and XRP-GBP among others – between all cryptocurrencies and stablecoins offered. “We want to bring crypto [sic] and tokenized assets to a wider audience, allowing them to trade with confidence,” said eToro CEO Yoni Assia. “This is the future of finance. Blockchain will eventually ‘eat’ traditional financial services through tokenization.” The social trading firm says it plans to add more cryptocurrency assets in the near future. For the record, eToro supports investing in 15 different cryptocurrencies – including EOS, Stellar Lumens, and NEO – on its flagship platform so chances are some of these might soon surface on the new pro-trading platform, too. As far as eToro‘s own stablecoins go, the company intends to list some of them on competing exchange desks. “In the coming weeks and months we will add more cryptoassets [sic], stablecoins and tokens to the exchange and will work with other exchanges to encourage them to list our growing range of stablecoins,” said Doron Rosenblum, managing director at eToroX – the entity behind the new cryptocurrency-only exchange. “We will also be adding tokenized assets,” Rosenblum added. For those unfamiliar with the concept, tokenization refers to the process of converting the assets’ ownership rights into digital tokens, which are then available on blockchains. “The blockchain brings transparency and a
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Blockchain’s Mainstream Debut Awaits Dev Ecosystem Evolution

 Blockchain is seemingly forever on the cusp of mainstream adoption, but not for long. For those who have a broader perspective on the technology’s current capabilities and history, the idea that blockchain is anywhere close to reaching critical mass is laughable. Despite retail investor interest in cryptocurrencies, the things that blockchain technology can do are less limited. But the world still needs a prevalent blockchain app — even a decade following its introduction alongside Bitcoin. There’s no doubt blockchain is slow to deliver value, but its enormous potential gives enthusiasts and the cryptocurrency market justification for their hope. The crown jewel of blockchain in 2019 is its nascent application ecosystem, nurtured via a sparse array of upstart decentralized computing networks including Ethereum, NEO, and EOS. We’re still in the dawn of decentralized applications, but it has become apparent that these dApps—and their developers—are the best bet for blockchain’s eventual ascension to the retail market. Dev Access Unlocks Blockchain for All Given that networks like EOS and Ethereum are ground zero for blockchain progress making it easy and inexpensive for developers to create things on these blockchains is paramount. This is a notion that’s been embraced by the blockchain community more in recent years. Major projects now focus the bulk of their efforts on making development a welcome and familiar experience, but also ensuring that any successful dApps are able to effortlessly scale with demand. The latter issue was contentious in the community at the peak of the previous cryptocurrency bubble. At that time it became apparent the market’s legacy ecosystems were incapable of supporting demand for their dApps. Trusted blockchains such as Ethereum had reached a point where they had accommodating virtual machines and other accessible dev tools, but the market did not react optimistically when the network couldn’t handle
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SoftBank Founder Masayoshi Son Lost $130M on Bitcoin

Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter. Mr. Son, who launched the world’s biggest venture-capital fund on the strength of his long-term investing acumen, made the investment in late 2017 at the recommendation of a well-known bitcoin booster, whose investment firm SoftBank bought that year, the people said….
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Cryptos: Bitcoin consolidates above $4,000; altcoins drift lower

Bitcoin prices were trading mostly unchanged on Thursday, holding above the psychologically significant $4,000 mark. In midafternoon trade on Thursday, bitcoin BTCUSD, +0.34%  was changing hands at $4,032.70, steady since Wednesday’s level at 5 p.m. Eastern time. The cryptocurrency is aiming for its first weekly close above $4,000 this year. Read: The crypto market is healthier than you probably think, so this chart says What are analysts saying “We are still in this channel we’ve been in the past couple of months and those who were getting out have and now some long-term investors are probably looking to accumulate,” said Charles Hayter, co-founder of CryptoCompare. “Furthermore, we are still seeing a lot of solid infrastructure being built and people are realizing more and more people are adopting the technology.” Read: Cryptocurrency mining equipment maker Bitmain postpones IPO In the news On Wednesday, Tagomi Trading became the first crypto broker to receive its BitLicense — the New York Department of Financial Services-awarded license to operate in the virtual currency industry in the state of New York. “Since our inception, we have engaged regulators to help make sure that Tagomi prioritizes customer protection and compliance. Receiving a license to operate in New York is a critical component of our business plan,” said Dhawal Sharma, general counsel at Tagomi Trading. Tagomi is the 18th company to receive its BitLicense, joining the likes of Coinbase, Gemini, Ripple and Genesis Global Trading. Read: Bitcoin ATM provider gets first stamp of approval from New York authority Altcoins and futures Smaller digital currencies, or altcoins, were underperforming on Thursday. Ether, ETHUSD, +0.51%  was down 0.3% to $137.20, Litecoin LTCUSD, +1.90% fell 1.1% to $60.26, Bitcoin Cash BCHUSD, +2.04% was off 0.1% to $166.90 and XRP XRPUSD, +0.28% lost 0.5% to 31 cents. Bitcoin futures had eked out
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