Cryptocurrency social media data mining

The popularity of cryptocurrency, a form of digital currency, is rising. However, many people do not understand cryptocurrency and the risks associated with it. Malicious cyber actors use cryptocurrency-based malware campaigns to install cryptomining software that hijacks the processing power of victim devices and systems to earn cryptocurrency. There are steps users can take to protect their internet-connected systems and devices against this illicit activity. Cryptocurrency is a digital currency used as a medium of exchange, similar to other currencies. Bitcoin, Litecoin, Monero, Ethereum, and Ripple are just a few types of the cryptocurrencies available.

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Content:

• On-chain, social & fundamental insights on 2000+ cryptocurrencies
• Articles on Data mining
• What Data Science and Big Data Can Tell About Bitcoin
• Sentiment Analysis Tools for Superior Trading Decisions.
• How Social Media Analytics Supports Cryptocurrencies?
• Social Coins
• Russia proposes ban on use and mining of cryptocurrencies
• Using Data Mining and Machine Learning to Detect Cryptocurrency Risk
• Bitcoin Security: Mining Threats You Need to Know
• 170 Bitcoin Mining Apps Identified as Crypto Scams-How to Spot the Signs

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On-chain, social & fundamental insights on 2000+ cryptocurrencies

The popularity of cryptocurrency, a form of digital currency, is rising. However, many people do not understand cryptocurrency and the risks associated with it. Malicious cyber actors use cryptocurrency-based malware campaigns to install cryptomining software that hijacks the processing power of victim devices and systems to earn cryptocurrency.

There are steps users can take to protect their internet-connected systems and devices against this illicit activity.

Cryptocurrency is a digital currency used as a medium of exchange, similar to other currencies. Bitcoin, Litecoin, Monero, Ethereum, and Ripple are just a few types of the cryptocurrencies available.

Unlike other currencies, cryptocurrency operates independently of a central bank and uses encryption techniques and blockchain technology to secure and verify transactions. Cryptocurrency mining, or cryptomining, is the way in which cryptocurrency is earned. Individuals mine cryptocurrency by using cryptomining software to solve complex mathematical problems involved in validating transactions.

Each solved equation verifies a transaction and earns a reward paid out in the cryptocurrency. Solving cryptographic calculations to mine cryptocurrency requires a massive amount of processing power.

Cryptojacking occurs when malicious cyber actors effectively hijack the processing power of the victim devices and systems by exploiting vulnerabilities—in webpages, software, and operating systems—to illicitly install cryptomining software on victim devices and systems.

With the cryptomining software installed, the malicious cyber actors to earn cryptocurrency. Cryptojacking involves maliciously installed programs that are persistent or non-persistent.

Non-persistent cryptojacking usually occurs only while a user is visiting a particular webpage or has an internet browser open. Persistent cryptojacking continues to occur even after a user has stopped visiting the source that originally caused their system to perform mining activity.

Malicious actors distribute cryptojacking malware through weaponized mobile applications, botnets, and social media platforms by exploiting flaws in applications and servers and by hijacking Wi-Fi hotspots. Any internet-connected device with a CPU is susceptible to cryptojacking. The following are commonly targeted devices:. The following cybersecurity best practices can help you protect your internet-connected systems and devices against cryptojacking:.

This product is provided subject to these Terms of Use and this Privacy Policy. View Previous Tips. Original release date: February 01, What is cryptocurrency? What is cryptomining? What is cryptojacking? Cryptojacking may have the following consequences to victim devices, systems, and networks: Degraded system and network performance because bandwidth and central processing unit CPU resources are monopolized by cryptomining activity Increased power consumption, system crashes, and physical damage from component failure due to the extreme temperatures Disruption of regular operations Financial loss due to system downtime caused by component failure and the cost of restoring systems and files to full operation as well as the cost of the increased power consumption Cryptojacking involves maliciously installed programs that are persistent or non-persistent.

What types of systems and devices are at risk for cryptojacking? The following are commonly targeted devices: Computer systems and network devices — including those connected to information technology and industrial control system networks; Mobile devices — devices are subject to the same vulnerabilities as computers; and Internet of Things devices — internet-enabled devices e.

How do you defend against cryptojacking? The following cybersecurity best practices can help you protect your internet-connected systems and devices against cryptojacking: Use and maintain antivirus software.

Antivirus software recognizes and protects a computer against malware, allowing the owner or operator to detect and remove a potentially unwanted program before it can do any damage. See Protecting Against Malicious Code.

Keep software and operating systems up to date. Install software updates so that attackers cannot take advantage of known problems or vulnerabilities. See Understanding Patches and Software Updates. Use strong passwords. Select passwords that will be difficult for attackers to guess, and use different passwords for different programs and devices. It is best to use long, strong passphrases or passwords that consist of at least 16 characters.

See Choosing and Protecting Passwords. Change default usernames and passwords. Default usernames and passwords are readily available to malicious actors. Change default passwords, as soon as possible, to sufficiently strong and unique passwords.

Check system privilege policies. Review user accounts and verify that users with administrative rights have a need for those privileges. Restrict general user accounts from performing administrative functions. Apply application allow listing. Consider using application allow lists to prevent unknown executables from launching autonomously. Be wary of downloading files from websites. Avoid downloading files from untrusted websites. Look for an authentic website certificate when downloading files from a secure site.

See Understanding Website Certificates. Recognize normal CPU activity and monitor for abnormal activity. Network administrators should continuously monitor systems and educate their employees to recognize any above-normal sustained CPU activity on computer workstations, mobile devices, and network servers. Investigate noticeable degradation in processing speed.

Disable unnecessary services. Review all running services and disable those that are unnecessary for operations. Disabling or blocking some services may create problems by obstructing access to files, data, or devices. Uninstall unused software. Review installed software applications and remove those not needed for operations.

Many retail computer systems with pre-loaded operating systems come with toolbars, games, and adware installed, all of which can use excessive disk space and memory. These unnecessary applications can provide avenues for attackers to exploit a system.

Validate input. Perform input validation on internet-facing web server and web applications to mitigate injection attacks. On web browsers, disable JavaScript execution. For Microsoft Internet Explorer, enable the cross-site scripting filter. Install a firewall. Firewalls may be able to prevent some types of attack vectors by blocking malicious traffic before it can enter a computer system, and by restricting unnecessary outbound communications.

Some device operating systems include a firewall. Create and monitor block lists. Monitor industry reports of websites that are hosting, distributing, and being used for, malware command and control. Block the internet protocol addresses of known malicious sites to prevent devices from being able to access them. Authors CISA.

Articles on Data mining

Skip to Main Content. A not-for-profit organization, IEEE is the world's largest technical professional organization dedicated to advancing technology for the benefit of humanity. Use of this web site signifies your agreement to the terms and conditions. Rapid Prototyping of a Text Mining Application for Cryptocurrency Market Intelligence Abstract: Blockchain represents a technology for establishing a shared, immutable version of the truth between a network of participants that do not trust one another, and therefore has the potential to disrupt any financial or other industries that rely on third-parties to establish trust.

What Data Science and Big Data Can Tell About Bitcoin

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty. The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems. Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism. It eventually gave them legal status in but banned their use as a means of payment. In a report published on Thursday, the central bank said speculative demand primarily determined cryptocurrencies' rapid growth and that they carried characteristics of a financial pyramid, warning of potential bubbles in the market, threatening financial stability and citizens. The bank proposed preventing financial institutions from carrying out any operations with cryptocurrencies and said mechanisms should be developed to block transactions aimed at buying or selling cryptocurrencies for fiat currencies. The proposed ban includes crypto exchanges.

Sentiment Analysis Tools for Superior Trading Decisions.

GlobalData has revealed a list of the top 10 most-mentioned cryptocurrencies on social media in Data analytics company GlobalData has revealed its list of the top 10 most-mentioned cryptocurrencies on social media in — a year that saw a pc rise in conversations around crypto on social platforms. Of these crypto influencers, Tesla CEO Elon Musk proved to be one of the most influential, Tripathy said, acting as a catalyst when it came to bitcoin and Dogecoin. Polkadot, Binance Coin, Tether, Solana and Shiba Inu were some of the other top mentioned cryptos in the list, with Shiba Inu seeing a surge of more than 16,pc. The currency was also in the news in June when it dipped in value after the Chinese government shut down bitcoin mining farms and ordered financial services firms to cease crypto activities earlier in June.

How Social Media Analytics Supports Cryptocurrencies?

The Australian government has just recognized digital currency as a legal payment method. Since July 1, purchases done using digital currencies such as bitcoin are exempt from the country's Goods and Services Tax to avoid double taxation. As such, traders and investors will not be levied taxes for buying and selling them through legal exchange platforms. Japan, which legitimized bitcoin as a form of payment last April, already expects more than 20, merchants to accept bitcoin payments. Other countries are joining the bandwagon, albeit partially: businesses and some of the public organizations in Switzerland, Norway , and the Netherlands.

Social Coins

Here's What Investors Should Know. Ethereum Just Hit a 6-Month Low. Upgrade Bitcoin Rewards Card: 1. There Are Thousands of Different Altcoins. Megan DeMatteo is an editor and poet based in New York.

Russia proposes ban on use and mining of cryptocurrencies

Crypto news Aggregation and Live News Feeds. Bitcoin Whale Transaction Tracking and Alerts. To discover the social sentiment, we process data from four major social media networks: Twitter, Facebook, LinkedIn and Reddit. Our Social Media monitoring algorithms analyse and summarise the most important social responses on trending crypto-related topics.

Using Data Mining and Machine Learning to Detect Cryptocurrency Risk

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Probed your platform, interesting metrics offering some very nuanced insights. Love this kinds data now if you could make an indicator that showed it all aggregated in a simple form that would be super cool. Signed up to the free trial santimentfeed Love the interface so far. Great analysis. I like it as you bring facts on the table rather than as all the others on this platform shouting k continually. Thanks you!

Bitcoin Security: Mining Threats You Need to Know

The technology of artificial intelligence A. The emergence of digital currencies, for instance, bitcoin, in presented a question of analyzing this new financial market. This paper aims to review the application of A. The widespread use of cryptocurrencies and the fact that they remained popular for over ten years facilitates the need for developing prediction models that will allow one to use these currencies as investments. It has implications for presenting an efficient analysis and presenting one with a practical evaluation of this financial market. However, the complexity of Blockchain and the nature of this technology makes it impossible to analyze and predict using the standard financial analysis models. Therefore, behavioral factors and other elements should be accounted for in the successful algorithm.

170 Bitcoin Mining Apps Identified as Crypto Scams-How to Spot the Signs

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