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Bitcoin Faced an Existential Threat
A group of Bitcoin miners briefly gained enough processing power to theoretically destroy the cryptocurrency. For a few hours last week, mining pool Ghash.io obtained control over 51% of all the processing power that keep Bitcoin secure. The security experts explain that if the pool had abused that power, it could have irreversibly take money from other users by rewriting the register of who owns which coins.
US Accused Russian Hacker of $100m Fraud
Evgeniy Bogachev, a Russian computer hacker, was accused a few days ago of organizing a worldwide conspiracy which targeted hundreds of thousands of PCs with malware, thus enabling him and his gang to steal over $100 million from US business and banks.
Tweetdeck Vulnerability Was Caused by Emoji Heart

The most popular microblog has finally relaunched its application for social media professionals after it was shut down due to discovery of a vulnerability leaving users open to attack. A few days ago, one of the Twitter users trying to code an emoji heart inadvertently revealed a vulnerability which resulted in Twitter being forced to shut down its Tweetdeck app. Now Tweetdeck has been reopened after verifying its security fix, but a number of users keep reporting problems because of caching of the web-based client.
Cybercrime Damages Estimated

The Centre for Strategic and International Studies (CSIS) has published the cost for cybercrime all over the world. Of course, the numbers were released in billions, because the outfit set their own overestimated value on the costs of “damage to business from the IP theft”. In result, the final cost of hacking totaled to $445 bln. In the meanwhile, a bit more reasonable figure is the estimated $160 bln loss to individuals from hacking.
Digital News in UK Are Read on Mobiles

UK citizens seem to be abandoning PCs as their main method to access news, switching to updates on various mobile devices. According to the research carried out by Oxford University’s Reuters Institute, the proportion of readers who mostly rely on a desktop PC to get news on the Internet has fallen by 23 percentage points over the year and totaled to 57%.
Egyptian Blogger Sentenced to 15 Years
Alaa Abd El Fattah, a prominent blogger, known as a key figure in the local 2011 uprising, has recently been sentenced to 15 years in jail for arranging a demonstration on the Internet. The blogger had been arrested by each of Egypt’s 5 leaders since Mubarak. Abd El Fattah was one of the activists who are most associated with the 2011 uprising in Egypt, which briefly ended 60 years of autocratic rule. Now the blogger was sentenced to 15 years in jail for allegedly arranging a protest online.
You Can Now Skip Targeted Ads on Facebook
The most popular social network in the world will now allow users who don’t like the targeted ads that constantly pop up in their News Feed to skip them. As you know, the company collects all kinds of information on you to use it to serve up targeted advertisements. This practice worries people who find it a little creepy to know that Facebook tracks their activity and uses that information to try and sell them something.
iOS8 May Help You Find Your Car
The media is talking about a new feature in the iOS8, scheduled to release this fall, which can help the absent-minded remember where they parked their car. Actually, this feature for iPhone has been discussed for almost a year, but like many other things, nothing was introduced so far.
Entertainment Industry Wants to Freeze Kim Dotcom’s Assets
Content industries have joined forces to freeze the assets of the former MegaUpload owner, but it seems that they might have to come up with a deposit first. Attorneys of 4 music industry companies and 6 Hollywood film studios applied to the High Court in Auckland seeking to have Kim Dotcom’s assets frozen.
Snowden Claimed NSA Can Spy on Turned off iPhone
The National Security Agency can supposedly exploit the security features in Apple’s iPhone that allows the agency to spy on people when they think the device is completely switched off. According to Edward Snowden, the NSA can get into your iPhone, turn it on and remotely turn on apps.


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