Microsoft

A bug on old windows computers exposes vulnerabilities that hackers could use to remotely mine cryptocurrency. More than 700k computers around the world are at risk of being used to mine bitcoin without the owners’ knowledge. A recent reports pins people using Windows 7 and below as being at risk.

Sooner or later, Microsoft Corporation, a Washington-based multinational technology firm, that develops, produces, licenses, supports and sells PC software, consumer electronics, personal PCs, and other correlated services, will make some changes so that people can use the Bitcoin symbol in Excel spreadsheets when recording information. The technology giant is aware that Bitcoin’s reputation is rapidly growing globally compared to other currencies. However, the company decided to first feature just one leading cryptocurrency by market capitalization, and which is Bitcoin in this case.

The Seattle-based giant Starbucks is exploring the Azure Blockchain Cloud Service from Microsoft to track coffee. The partnership will also use other major innovative technologies including artificial intelligence (AI), internet of things (IoT), cryptocurrency, etc., to strengthen its bean-to-cup and further resolve prevailing problems in various sections of services.

Blockchain, cryptocurrency, and other innovative techs have significant disruptive potential. Within the course of time, this fact becomes obvious not only for community enthusiasts but also for traditional industry players. That is probably the major reason for world electronic bulls to explore the innovative possibilities to boost their own progress.

The North Korean hacker group Lazarus have continued to carry out several attacks on crypto businesses and financial technology (fintech) firms, using modern hacking techniques, according to Kaspersky Lab.

Earlier this month, Starbucks partnered with Microsoft, Intercontinental Exchange (ICE), and BCG to establish a new digital currency company Bakkt. The project will allegedly allow customers to buy their favourite beverages at Starbucks with bitcoin (BTC).

Microsoft’s subsidiary in Taiwan is considering a partnership with two Asian firms, aiming to improve all aspects of the current financial market. The newly-born union hopes to create a strong blockchain industry and infrastructure in China. E-commerce, finance, and entertainment are the first industries to be developed.

Four of the largest carmakers globally have amalgamated technology providers and startups to create the largest ever consortium focused on applying blockchain technology in the automotive zone.

The fintech statistics show that cryptocurrency mining, though a hit on the financial markets, has started to evolve many concerns. Microsoft has recently published research presenting the fact that cryptocurrency mining has become the top instrument for malware attacks, in particular after the rapid increase of Bitcoin price experienced in 2017.