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Capdax to launch crowdsale of USD 6.5 million

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A new crypto-currency trading platform is poised to launch a crowdsale on this coming Saturday, 17 Feb 2017. The trading platform aims to become a bridge serving among the export and novice crypto participants.

The new platform is called Capdax, and the token generation event will have a maximum cap of USD 6.5 million available for whitelisted participants, running for more than four weeks till the token sellout.

The public crowdsale will have a total of 5 tiers, and when one tier has sold out, the following tier will be immediately activated, until all tokens are sold. Each tier consists of 1,300 ethereums based on USD price.


System testing for better security

After the public crowdsale, Capdax will then engage in Application Programming Interface (API) operational beta testing on the exchange backend and followed by the private beta testing on the exchange frontend system during the first quarter of 2018.

By Q2 2018, with sufficient testing on the exchange system, Capdax will go for official exchange launch, complimented with security audits and social trading development of the system.

The relentless testing on its system is for Capdax to deliver a robust platform that is safe for cryptocurrency participants to trade freely with less possibility of their account being hacked.

“The problems facing current cryptocurrency exchanges is at an all-time high.” stated Capdax on its whitepaper.

According to the whitepaper, many large cryptocurrency exchanges fail to service both the expert trader as well as the crypto novice, those who are just getting into the market. Plus, many exchanges faced the risks of being hacked with losses to the cryptocurrency values.

For instance, the list of hacked cryptocurrency exchanges listed from the recent Tokyo-based exchange Coincheck, to South Korea-based exchanges like Youbit and back to the Mt Gox hack where USD 460 million evaporated virtually into thin air.


Clear policies and good services to venture forward

Facing such threats, Capdax’s whitepaper has identified a series of areas for improvement to combat the dangers of running an exchange.

“Superb customer service, clear policies, and fully audited security standards create the necessary user trust, and an innovative copy-trading feature allows traders to seamlessly follow the portfolios of others automatically.” stated the whitepaper.

To facilitate user friendliness, Capdax will adopt a basic mode for newcomers to the crypto-currency world with less cluttered information and trading indicators. For the more experienced users, they can opt for “Expert Mode” where ticker data are streamed in real time, with detailed graphs and live trade feeds.


Security as the first priority

Perhaps security issue is the number one concern for all crypto-currency traders nowadays, given the bad industry reputations of data breaches among the various exchanges. For Capdax, the exchange system has been built from scratch with security in mind.

Capdax will also invest in “strong deep cold storage” system that kept user funds secure. Thus, only funds that needed immediately withdrawals will be placed at “hot wallet” where funds are kept at adequate level as withdrawals and deposits are processed.

While no system can ever be considered 100% secure, especially when one is connected to the Internet, Capex will run scans periodically of its balances and compares them to user wallets to identify any discrepancies.

Overall, all users and investors alike will want their investment to be safe and free from hacking. Just like storing valuables in a vault, where neither thieves nor robbers break in to steal. Thus, Capdax is literally using this model in enabling investors’ fund to generate more income and values in a safe environment.

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UK Fines Facebook over Cambridge Analytica Scandal


UK Fines Facebook over Cambridge Analytica Scandal. The UK has hit Facebook a fine of $645,000 for the Cambridge Analytica Scandal. It was revealed earlier this year that they had harvested the personal data of millions of profiles without the user’s consent and used it for political purposes. It is estimated that 87 million users were affected.


The fine has been enforced by the UK’s Information Commissioner’s Office (ICO) and was calculated using a pre-GDPR formula for data breach fines. Using the UK’s old Data Protection Act to fine Facebook, rather than GDPR they can only give a maximum penalty of £500,000, which is equal to what the social media giant earns every 18 minutes.


GDPR rules dictate a maximum fine of 4% of annual global turnover, which would be $1.6 billion. Unfortunately the the GDPR regulation wasn’t in place when the Cambridge Analytica story broke, coming into force in May 2018.


The UK investigation concluded that Facebook’s APIs had been allowing developers access to users information without them providing proper consent, for a long period of time between 2007 and 2014. Once they realized this loophole existed and patched it up, they did nothing to investigate the data compromised or ensure it was deleted.


[FACEBOOK] should have known better and it should have done better… We considered these contraventions to be so serious we imposed the maximum penalty under the previous legislation. The fine would inevitably have been significantly higher under the GDPR

Information Commissioner Elizabeth Denham said in a statement


Facebook has said they are reviewing the ICO’s findings and stated they “respectfully disagree” with some of the report, but admit they should have done more to protect users data. They also added that they found no evidence that British users profile information was shared with Cambridge Analytica.

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Libssh Security Flaw leaves thousands of servers vulnerable to hijacking

Libssh Security Flaw leaves thousands of servers vulnerable to hijacking

Libssh Security Flaw leaves thousands of servers vulnerable to hijacking. A security flaw in libssh leaves thousands, and potentially more, servers vulnerable to an attack. Libssh is a multiplatform C library which allows users to remotely execute programs, transfer files, manage public keys and use a secure and transparent tunnel.


The security flaw, discovered by Peter Winter-Smith from NCC Group, allows a hacker to bypass the authentication process on the servers and gain access to the system without having to enter a password.


An attacker can do this by sending the SSH server “SSH2_MSG_USERAUTH_SUCCESS” message instead of the “SSH2_MSG_USERAUTH_REQUEST” message that a server usually expects and which libssh uses as a sign that an authentication procedure needs to initiate.


The libssh system will treat this message to mean the authentication has already taken place and allow the attacker access to the server. The flaw (CVE-2018-10933) was released in January 2014 in release 0.6.0.


It’s estimated that the vulnerability currently affects at least 3000 servers, however this is based on a small search and the scale of the problem is not yet known. There were concerns that the popular version control site for developers to work collaboratively on projects, GitHub, was affected but they have released a statement denying this. Github claims the way they use libssh means they are not vulnerable to this exploit.


“We use a custom version of libssh; SSH2_MSG_USERAUTH_SUCCESS with the libssh server is not relied upon for pubkey-based auth, which is what we use the library for,”

a GitHub security official said on twitter


The security flaw is only on the server side, meaning users who have a libssh based SSH client installed on their computer will be safe from potential attackers looking to exploit this vulnerability.


While there are currently no public exploits available for the vulnerability, they are easy to put together so these are likely to pop up online in the coming days and weeks.

The team at libssh released versions 0.8.4 and 0.7.6 yesterday to handle this bug.


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Ad Clicker Disguised as a Google Photos App has been Hosted on Microsoft Store.

Ad Clicker Disguised as a Google Photos App has been Hosted on Microsoft Store

Ad Clicker Disguised as a Google Photos App has been Hosted on Microsoft Store.


A malicious app called “Album by Google Photos” was found to be hosted on the Microsoft store. The app was pretending to be part of Google Photos, but was in fact an ad clicker that generates hidden adverts within the Windows 10 Operating System.


The ad clicker app seemed credible to users because of its name, and also the fact it claimed to be created by Google LLC, Google’s actual Microsoft store account is Google Inc, but it looks unsuspecting to users. Microsoft came under some criticism for not realising the app was actually malicious software since the user reviews did highlight that the app was fake, with plenty of 1* reviews. One review states “ My paid Anti-malware solution detected several attempts to download malware by this app. Watch out”. The App was first released on the Microsoft store in May.


What did the application do?


The “Album by Google Photos” app is a Progressive Web Application (PWA), which acts as the front end for Google Photos and includes a legitimate login screen. Hidden in the app bundle is also an ad clicker which runs in the background and generates income for the app developers.


The app connects to ad URLS, and the ads were very similar to what users would see from typical adware, including tech support scams, random chrome extensions, fake flash and java installs and general low-quality sites.


Microsoft haven’t commented how this app managed to pass the Microsoft review process before ending up on the store.  This is somewhat concerning since it could mean other malicious apps of a similar nature have flown under the radar and are still infecting user’s computers. We are waiting for Microsoft to comment on the issue.

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