Bitcoin

Bitcoin Daily: Charities Support Bitcoin Donation Campaign; Hackers Seek API Vulnerabilities For Crypto Mining

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Crypto-based donations are taking center stage this holiday season with #BitcoinTuesday.

The event on Dec. 3 is a take on GivingTuesday, which allows people to make donations to charities. The event launched in 2012 and raised around $400 million in the U.S. last year.

Now the Giving Block, a for-profit firm founded in 2018, is in charge of this year’s crypto Giving Tuesday with #BitcoinTuesday. With support from Gemini and Brave Browser, among others, the company is raising funds for nonprofits including No Kid Hungry, the Tor Project and Pencils of Promise.

“In times of crisis, to reach those lofty ambitions, we need to be friendly not only to traditional financing mechanisms but to the crypto community who’s been very innovative,” said Ettore Rossetti, global digital lead of Save the Children in a phone interview with CoinDesk.

And a hacking group has been mass-scanning the internet looking for Docker platforms that have application programming interface (API) endpoints exposed online.

“Users of the Bad Packets CTI API will note that exploit activity targeting exposed Docker instances is nothing new and happens quite often,” Troy Mursch, chief research officer and co-founder of Bad Packets LLC, told ZDNet.

“What set this campaign apart was the large uptick of scanning activity. This alone warranted further investigation to find out what this botnet was up to,” he added. “As others have noted, this isn’t your average script kiddie exploit attempt.”

To prevent an attack, it is recommended that users and organizations who run Docker immediately check if they are exposing API endpoints on the internet, close the ports and then end unrecognized running containers.

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LATEST PYMNTS REPORT: B2B API TRACKER 

Social distancing has changed eCommerce from a ‘want to have’ to a ‘must have’ for businesses, yet retailers could struggle to create convenient payment and refund experiences for their apps and websites, says Abdul Raof Latiff, head of DBS Bank’s digital institutional banking group. In the April 2020 B2B API Tracker, Latiff explains how banks can provide a timely assist via application programming interfaces (APIs) that integrate payments into those eCommerce platforms.

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