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Bitcoin Tech

Bitcoin Network Full Node – May The Full Power of the Network Be With You

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Did you know that you can contribute to the trust of the Bitcoin Network by being part of the checks and balance system? By running a full node you become an integral part of the network and help to keep the trust. Anyone can run a full node. This post from the BitcoinWiki explains the details.

Any computer that connects to the Bitcoin network is called a node . Nodes that fully enforce all of the rules of Bitcoin are called full nodes . Most […]

SatoshiLabs Shows Off Trezor 2 Prototype

SatoshiLabs Shows Off Trezor 2 Prototype

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SatoshiLabs is currently holding its “Trezor 2” Hackathon at Paralelní Polis in Prague. As a bonus, the company also unveiled the prototype of its next generation bitcoin hardware device. Also read: Paralelní Polis Preps For This Year’s Hackers Congress The Trezor 2 Hackathon Hackers and developers are gathering in the Czech Republic for the Trezor 2 Hackathon. Trezor says day one will feature the first public presentation of the Trezor 2, with well-known industry members also presenting. At the event, innovators such as Jochen Hoenicke, Marek Palatinus, Pavol Rusnak, and Andreas Antonopoulos are providing guidance and mentorship. SatoshiLabs said the Trezor 2 device will have new hardware features and a “completely revamped software stack,” open to developers. Additionally, the company explained that anyone with JavaScript or Python skills will be able to create applications with Trezor architecture . Another Trezor 2 feature is a touchscreen and a microSD card slot for encrypted storage. The SatoshiLabs team also published pictures of the prototype, revealing the device looks different to the original . Throughout the event, developers Nicolas Bacca, Roman Zeyde, Mark Bryars, Jochen Hoenicke and Saleem Rashid discussed several Trezor 2 related topics. These included security, SSH login, U2F, and GPG sign and verify issues. Participants also discussed Ethereum and Mist integration, smart contracts and assets, and overall Trezor 2 development. SatoshiLabs Expands Trezor’s Feature Services The Bitcoin hardware wallet company has worked steadily on its products and software. Just recently, SatoshiLabs also released the Trezor Manager application for Android. As a result, platform users can set up, customize, and recover a Trezor device without a computer. Furthermore, Trezor expanded its firmware with two-factor authentication capabilities . The Universal Second Factor (U2F) was released with firmware 1.4.0, which users can connect via Google or Dropbox. In addition to the new […]

Gavin Andresen - Satoshi

Satoshi

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I believe Craig Steven Wright is the person who invented Bitcoin.

I was flown to London to meet Dr. Wright a couple of weeks ago, after an initial email conversation convinced me that there was a very good chance he was the same person I’d communicated with in 2010 and early 2011. After spending time with him I am convinced beyond a reasonable doubt: Craig Wright is Satoshi.

Part of that time was spent on a careful cryptographic verification of messages signed with keys that only Satoshi should possess. But even before I witnessed the keys signed and then verified on a clean computer that could not have been tampered with, I was reasonably certain I was sitting next to the Father of Bitcoin.

During our meeting, I saw the brilliant, opinionated, focused, generous – and privacy-seeking – person that matches the Satoshi I worked with six years ago. And he cleared up a lot of mysteries, including why he disappeared when he did and what he’s been busy with since 2011. But I’m going to respect Dr. Wright’s privacy, and let him decide how much of that story he shares with the world.

We love to create heroes – but also seem to love hating them if they don’t live up to some unattainable ideal. It would be better if Satoshi Nakamoto was the codename for an NSA project, or an artificial intelligence sent from the future to advance our primitive money. He is not, he is an imperfect human being just like the rest of us. I hope he manages to mostly ignore the storm that his announcement will create, and keep doing what he loves– learning and research and innovating.

I am very happy to be able to say I shook his hand and thanked him for giving Bitcoin to the […]

Mysterious billionaire inventor of Bitcoin could reveal his true identity THIS WEEKEND

Mysterious billionaire inventor of Bitcoin could reveal his true identity THIS WEEKEND

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The secretive billionaire inventor of Bitcoin is preparing to finally reveal his identity this weekend, tech industry sources have claimed.

A mysterious figure who used the false name Satoshi Nakamoto to launch a digital currency, which fuels a shadow economy worth billions of dollars, is understood to be planning to reveal his true identity in the coming days.

It has been alleged that this man is Craig Wright, an Australian academic.

Bitcoin is known as a "cryptocurrency" which allows users to carry out transactions without needing to use a central bank.

It has allowed drug dealers and other criminals to sell their wares online while withholding their own identities.

A source with close ties to the cryptograpy community and telecoms industry told The Mirror that the story had already been sent to select media under an embargo which lifts this weekend. Craig Steven Wright may out himself as Bitcoin founder Satoshi Nakamoto in coming weeks https://t.co/jJGoyqrWlx pic.twitter.com/3HAwoir1yr — Bitcoin Info (@BitcoinRR) April 7, 2016 These claims cannot be verified, and Wright’s full involvement in Bitcoin has not yet been fully established.

The high-flying academic has remained tight-lipped since he was first linked to Bitcoin at the end of last year, and we have been unable to contact him for comment.

Our source claimed: "The man behind Bitcoin has given the story to a television company and a newspaper."The creator of this currency wants to take control of his invention."Rumours about the identity of Satoshi Nakamoto have been swirling for years.Earlier this year, Australian cops raided Wright’s home after Gizmodo and Wired published separate articles which claimed he was the boffin behind Bitcoin. Australian Federal Police raided the Sydney home of the man alleged to be the creator of bitcoin Read more : Dark web gun market halts weapon sales after Paris terror attacks but not for […]

Bitcoin Blockchain Dissected

The Bitcoin Blockchain Dissected for All to See

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How the Bitcoin Blockchain Works

Bitcoin Blockchain Dissected

The Bitcoin Blockchain Technology

This video by Sholmi Zeltsinger provides and in depth look into the inter workings of the Bitcoin Blockchain. Zeltsinger starts with the basics and builds detail ultimately giving the viewer an understanding of what developing applications for the Bitcoin Blockchain involve.

The Bitcoin and its underlying Blockchain Technology are recognized as a paradigm shifting way to store and transfer value and wealth. Anonymous and decentralized the Bitcoin serves as a private way to trade for goods and services. Further the Bitcoin is not controlled by any central body or government. The number of Bitcoins issued to the market is finite. The number issued is completely known and reported to the public. The Bitcoin is a fiat currency, however, because no one can issue more bitcoins beyond that which is set by the software, it potentially will become the main global currency. This makes it attractive as a hedge against all global currencies that are manipulated by their centrally controlled governments.

Although the video is technical in nature it provides an in depth explanation in layman’s terms that will benefit any early adapter of the Bitcoin Blockchain technology. From inspiring developers to investors this 48 minute video will help you understand the technology. The video will springboard you to a knowledge level necessary for being conversant with your industry peers. Even if you never plan on developing or investing in the new technology, this video offers up information that will be beneficial should you need to adapt the Bitcoin in fluid and potentially dangerous International currency markets.

If you are just setting out on your voyage to Bitcoin Blockchain understanding you can get more information at Bitcoin.org

I would also suggest you visit Sholmi Zeltsinger’s youtube channel for more videos on Bitcoin Blockchain technology and how to develop Bitcoin Applications. His youtube channel is here Sholmi Zeltsinger Youtube Video Channel.

Bitcoin Core v0.12 Features Tor Support And Removes OpenSSL Signatures

Bitcoin Core v0.12 Features Tor Support And Removes OpenSSL Signatures

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A new version of the Bitcoin Core client has been released, which includes some minor changes and a reduction in upload traffic. With the current block size debate still going for many months now, any move in the right direction will help put Bitcoin back on track for recovery. All users are advised to upgrade to the new version as soon as possible.

Also read: Blythe Masters To Open Digital Asset Holdings Offices In London Bitcoin Core v0.12.0 Has Arrived

TheMerkle_Bitcoin Core Release As is the case with any major release of the Bitcoin Core client, updating sooner rather than later is the right course of action. This new release includes a fair few changes, although most users might not experience the full effect of these updates any time soon. One of the most notable changes in the option to use Tor services for added privacy and anonymity.

Replacement transactions may sound like an abomination in the Bitcoin world, but rest assured they cannot be used freely. There is one major prerequisite to deploying a replacement transaction, which comes in the form of paying a sufficient fee. Furthermore, this option will only work if the transaction to be replaced matches a specific set of input numbers.

Transaction signatures had been previously signed through the OpenSSL protocol, but a major change has been made in this regard as well. By integrating libsecp256k1 , raw signatures validation will receive a major boost. This change was made after a long series of testing and validating libsecp256k1.

Perhaps the most interesting change comes in the form of integrating Tor support in the Bitcoin Core client. Users will now have the option to run hidden services through which Bitcoin Core can listen on if Tor is running in the background. Additionally, this change will […]

The New Entry Into the Decentralized Internet – LBRY: The Lovechild of Bitcoin, BitTorrent & Storj

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A New Entry Into the Decentralized Internet – LBRY

As web censorship problems continue, the effort to replace HTTP’s client-server protocol with a superior peer-to-peer (P2P) decentralized internet content retrieval system is growing. What if a protocol had the monetary incentives of Bitcoin, the file sharing abilities of BitTorrent, and the storage logic of Storj? The developers of alpha-stage LBRY believe their protocol possesses just such traits.

It was inspired by the fact that governments, ISPs, and media companies seem to want to treat their customers as something between supplicants and criminals. It was inspired by AirBnB and Uber in that LBRY empowers small-scale entrepreneurs and increases the efficiency of unused resources.
CoinTelegraph spoke to three of LBRY’s team members – director Jeremy Kauffman, developer Jimmy Kiselak, and marketing director Mike Vine – to find out more about their software project.

“LBRY directly connects content producers to consumers and gets out of the way.”

We believe that if we don’t lay down rules for where data should be and who should be uploading it, but instead create a decentralized internet market where users directly pay hosts for the data they’re downloading, entrepreneurs will do a far better job of figuring out how to deliver data than any planned system like BitTorrent or IPFS could.

– Jeremy Kauffman

CoinTelegraph: What was the inspiration for LBRY?

Jeremy Kauffman: LBRY was inspired by a number of things. It was clearly inspired by Bitcoin – seeing the power of the blockchain in reaching consensus without a central authority. It was also inspired by BitTorrent, which is an absolutely brilliant protocol with an unfortunately flawed incentive structure.

It was inspired by the fact that governments, ISPs, and media companies seem to want to treat their customers as something between supplicants and criminals. It was inspired by AirBnB and Uber in that LBRY empowers small-scale entrepreneurs and increases the efficiency of unused resources.

It was inspired by the love of markets and an appreciation for how they facilitate human flourishing. It is inspired by economics, the Coase theorem, and too much time listening to EconTalk. It is inspired by the awful behavior that the biggest torrent clients demonstrate towards their users.

It is inspired by the fact that there has got to be a better way to find, buy, and sell something as simple as a number.  Something less centralized and democratized, a decentralized internet.

CT: When did development start?

Kauffman: The first lines of code were written about a year ago, with serious effort for the last six months.

CT: What has been the biggest challenge in development? What about the greatest reward?

Kauffman: One unique difficulty in developing a blockchain-based protocol/application is the difficulty in revising it. Great products are typically created through iteration. But by design, it’s nearly impossible to revise a cryptocurrency once it’s in the wild. To mitigate this, we’re trying to roll out LBRY slowly, as well as have several of its aspects be conventions rather than core properties.

The greatest reward by far is the feeling that you are on to something absolutely huge. The potential to significantly improve the efficiency of sharing information and knowledge and make a buck doing it? Who wouldn’t want to wake up to that?

– Jeremy Kauffman, Director

CT: You say the “top-down” model of content distribution is inherently flawed. Why is that?

Kauffman: It’s worse for both content producers and consumers. It increases costs as providers must cover significant infrastructure and must in parallel create complex systems for accessing something fundamentally simple (a number). It also degrades consumer experience, as consumers must select between many incomplete providers.

From the perspective of a content producer, they are stuck relying on these middlemen that eat away at profits and take away their control. LBRY directly connects content producers to consumers and gets out of the way.

“The Internet let the cat out of the bag, and LBRY lets the cat earn money posting cute videos of itself playing with a cardboard box.”

Mike Vine: The 20th century was an era of centralization – assembly lines, fast food franchises, broadcast media. That makes sense when you’re trying to get large numbers of people out of relative poverty. But once we’ve eaten our 1 billionth Big Mac, we start to look around to see if there’s anything a bit healthier and a bit tastier.

In the 1980s, it seems everyone was reasonably content to watch the same five sitcoms and listen to the same five MTV recording artists. With the dawn of the Internet, in contrast, we’ve come to see that a group of a few thousand people can support an indie TV series or band that really satisfies their particular taste.

The 21st century is about decentralizing – more choices, more control, fewer gatekeepers. The Internet let the cat out of the bag, and LBRY lets the cat earn money posting cute videos of itself playing with a cardboard box.

– Mike Vine, Marketing Director

CT: Which use-case in particular do you believe would be LBRY’s “killer app”? Listeners looking for new music? Indie cultists looking for obscure French films? Something else?

Kauffman: We’re hesitant to speculate. LBRY is designed to gracefully extend BitTorrent, so at a minimum we expect LBRY to be a better BitTorrent client.

However, we think LBRY will be far more than this and be used in ways we cannot imagine today. All we can say with confidence is LBRY is a fundamentally better way to distribute and access all consumer-oriented information, full stop.

“Artists don’t have much of an incentive to make their works available on BitTorrent because there is no built-in payment system.”

Vine: LBRY is definitely designed with the independent artist in mind. Unlike BitTorrent, LBRY’s protocol actually incentivizes hosts to make available “obscure French indie films,” as you say. With BitTorrent, the greater number of people seeding and leeching a file, the faster it goes for everyone. That’s bad for obscure works.

LBRY’s hosts are motivated by what price people are paying for a given piece of a file, so as long as those indie cultists are willing to pony up a few more credits to get Un Chien Parlez-vous, it should remain readily available. Also, artists don’t have much of an incentive to make their works available on BitTorrent because there is no built-in payment system.

With LBRY, artists have a turnkey publishing, distribution, and payment platform – all encapsulated in a neat little LBRY name like lbry://hipstershorts. Over time, LBRY’s killer app will be its lower cost and greater reach than centralized media.

CT: Could the LBRY protocol host entire websites in addition to single pieces of content?

Kauffman: LBRY is only good at distributing information that is the same for everyone. So it would not work for most modern websites, unless you wanted to send the signal that the content is identical for everyone.

CT: Do you envision content distributors, hosts, or miners being able to make a living by their LBRY work?

Kauffman: The “big five” of media (film, video games, TV, music, and books) see over US$2 trillion per year. We think LBRY can play a role in the distribution of all of this. This answer is a verbose “Yes!”

“Devoting hard drive space or bandwidth to LBRY is like suddenly filling your car on daily commutes with paying customers who keep to themselves and get out where you tell them. It’s a pretty sweet deal.”

Vine: Not only a living, but that mythical unicorn of the working world: a passive income. Instead of Uber, this is more like a ridesharing app where people can fill empty seats in your car for whichever direction you might be headed. But unlike with human travelers, data is not too picky about where it sits or what route it takes to where it’s going.

So devoting hard drive space or bandwidth to LBRY is like suddenly filling your car on daily commutes with paying customers who keep to themselves and get out where you tell them. It’s a pretty sweet deal.

CT: Do you plan to reach out to the BitTorrent community to invite them to make the switch? Why or why not?

Kauffman: We think LBRY is a better BitTorrent, so absolutely. There is lots of great content released via BitTorrent already and LBRY offers an immediate improvement over this.

CT: How can people get involved while you’re in alpha stage?

Kauffman: Number one is to join our list so you can know when we release new versions. If you’re comfortable from the command line, you can apply for an invite code to try out our command line version now.

“[…] if we don’t lay down rules for where data should be and who should be uploading it […] entrepreneurs will do a far better job of figuring out how to deliver data than any planned system like BitTorrent or IPFS could.”

Vine: We really want to hear from everybody. Are you a coder who wants to look under the hood? Are you an artist who wants to be a part of our initial release promotions? Are you an investor who’s tired of vaporware crypto projects and wants to learn more about this self-funded startup that’s on the verge of public release? Do you think we’re fools, geniuses, or — gasp — boring? We’re on Facebook, Twitter, GitHub, AngelList, and F6S, so don’t be shy.

CT: The IPFS is probably the most similar concept to LBRY right now. Why do you think that incorporating a native blockchain with user payments is superior to IPFS’s approach?

Kiselak: LBRY is about distributing data fast, and to do that it needs to be able to handle the fact that not all data is alike. IPFS relies on the same sort of planned sharing incentives as BitTorrent.

We believe that if we don’t lay down rules for where data should be and who should be uploading it, but instead create a decentralized market where users directly pay hosts for the data they’re downloading, entrepreneurs will do a far better job of figuring out how to deliver data than any planned system like BitTorrent or IPFS could.

Digital Asset Liquidity Exchange Melotic Closes $1.175 Million Seed Round

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Melotic front page Hong Kong-based ‘curated’ digital asset exchange Melotic has secured a $1.175m seed-funding round led by Ceyuan Ventures , with additional backing from Lightspeed China, Barry Silbert’s Bitcoin Opportunity Corp, 500 Startups , and venture capitalist Marc Van Der Chijs.

Melotic founder and CEO Jack Wang told CoinDesk the company will use the funds to expand both its team and operations.

Melotic’s goal is to “build a liquid multi-asset exchange to facilitate conversions between […]

Crypto 2.0 Roundup: The Overstock Effect, Counterparty Debates and a Crypto iTunes

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The crypto 2.0 world saw what was arguably one of the most active news cycles of the year this week as mainstream newsmakers like online retail giant Overstock.com and Gyft CEO Vinny Lingham moved to align themselves with the companies in the burgeoning industry sector.

The announcements add to the mounting evidence that crypto 2.0 technologies, while still in early and experimental stages, are increasingly captivating the same early adopters who first saw potential in bitcoin. […]

CFTC Acknowledges Bitcoin’s Long-Term Promise at DC Hearing

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The US Commodity Futures Trading Commission (CFTC) held a meeting yesterday in Washington, DC to discuss bitcoin as it relates to the agency’s role as the country’s chief futures and options regulator.

Panelists for the CFTC event included Coin Center executive director Jerry Brito ; New York Law School professor Houman Shadab ; BitPay chief compliance officer Tim Byun ; and TeraExchange president and co-founder Leonard Nuara .

While only covering basic elements about the subject and sidestepping larger questions about bitcoin’s […]

Rise and Rise of Bitcoin Documentary Gets Long-Awaited Worldwide Release

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Following its high-profile debut at the Tribeca Film Festival, the bitcoin documentary The Rise and Rise of Bitcoin  will see a worldwide release via ‘on demand’ services tomorrow.

Localised in 21 languages, audiences will be able to watch the feature-length production  through 250 content platforms including iTunes, Amazon, Google Play and Comcast.  Dish Network , which recently became the second biggest merchant to accept the digital currency, will also show the movie on demand.

Gravitas Ventures […]

Hashers United Live @ Vegas – Day One

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EXCELLENT AUDIO Starts after 2 Hours (Sorry hotel got it right after first panel)

8:50am – 9:00am | Welcome Address by Marshall Long, CTO, Final Hash along with Josh Garza, CEO, GAW Miners (Josh Garza, CEO, GAW Miners)

9:00am – 10:30am | An In-Depth Analysis of the Future of Cryptocurrency in the USA and Beyond10:30am – 10:35am | Solution Spotlight by Genesis Mining10:35am – 11:00am | Break (Coffee, Networking and Exhibition)11:00am – 11:50am | An Analysis […]

‘The Rise and Rise of Bitcoin’ Released Today

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‘The Rise and Rise of Bitcoin’ Released Today The film many folks in the bitcoin community have been waiting for has finally been released for viewing.

The film, The Rise and Rise of Bitcoin , encountered major delays in getting released (the film was screened at the Tribeca Film Festival this year, though), particularly on the front of distribution, but now, things are gravy.

The film will be available on a slew of different platforms that […]

PayPal Makes Good On Its Braintree Acquisition With Launch Of New Developer Tools, The Braintree “v.zero SDK”

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PayPal Makes Good On Its Braintree Acquisition With Launch Of New Developer Tools, The Braintree “v.zero SDK”

Payments gateway Braintree is making its first significant product announcement since its acquisition by PayPal last year, with the launch of a jointly developed Braintree SDK (software development kit) for developers, which now features PayPal integration. The new toolset is being called the “Braintree v.zero SDK” to indicate how […]

SMS IT Hosting Now Accepting Bitcoin for Payment Customers Can Now Pay For Hosting Services With Bitcoin

SMS IT Hosting Now Accepting Bitcoin for Payment Customers Can Now Pay For Hosting Services With Bitcoin

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SMS IT Hosting Now Accepting Bitcoin for Payment Customers Can Now Pay For Hosting Services With Bitcoin

SMS IT Hosting Logo (PRNewsFoto/SMS IT Hosting) Logo: http://photos.prnewswire.com/prnh/20140702/124197 To help support Bitcoin and draw attention to the currency, the company is also offering a 1 year free individual hosting account. According to Maricris Pace, Media Relations Director, "We are big believers in the future of cryptocurrency and want […]

BitVest Digital Mining Corp. selects PeerNova for large scale Bitcoin Mining Deployment BitVest Digital Mining Corp. plans major increase in Bitcoin mining capacity, using PeerNova’s ASIC mining hardware

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BitVest Digital Mining Corp. selects PeerNova for large scale Bitcoin Mining Deployment BitVest Digital Mining Corp. plans major increase in Bitcoin mining capacity, using PeerNova's ASIC mining hardware

BitVest and PeerNova Ink Strategic Hardware supply agreement (PRNewsFoto/BitVest Digital Mining Corp.) Photo: http://photos.prnewswire.com/prnh/20140702/124215 “We are very pleased to be chosen as BitVest’s supplier of bitcoin mining systems”, said Dr. Naveed Sherwani, CEO of PeerNova. “Considerable design and engineering work was done by PeerNova to make these systems not only the […]

PRISMicide, le portefeuille Bitcoin sur carte à puce open source fait appel au crowdfunding

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PRISMicide, le portefeuille Bitcoin sur carte à puce open source fait appel au crowdfunding

PRISMicide: Un portefeuille Bitcoin protege par carte a puce et une plateforme ouverte pour securiser vos données personnelles PRISMicide, la première solution de sécurité à base de carte à puce open source protège les données personnelles de ses utilisateurs… en commençant par leur portefeuille Bitcoin.     Vidéo de […]

Bitcoin Alternative EarthCoin (EAC) Soars With Its Unique Vision And Branding

New Virtual Currency EarthCoin (EAC) Has A Unique Vision And Branding Or Is it Just Noise

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EarthCoin Logo EarthCoin began as a collaboration between a young media / advertising executive, a detailed, experienced cryptocurrency developer, and a fund manager turned Bitcoin millionaire – and has now turned into a grass roots revolution. Norb says, “Frankly it took over my life for a bit there as […]

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Cryptolocker, Newest Twist on the Ransomware Cyber Attack, Puts Critical Data at Risk and Costs Businesses Millions and Counting

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RALEIGH, N.C. , Jan. 16, 2014 /PRNewswire/ — At least several million dollars and countless terabytes of data have been lost to the Cryptolocker virus, which at last count had infected more than 250,000 computers. Businesses without an action plan to deal with a Cryptolocker infection are flirting with disaster. […]

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