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cryptocurrency, egypt, government, mining, secret, secretly -

According to a new report by security researchers at the University of Toronto, the Egyptian government or its affiliated institutions have hijacked the connections of local Internet users to the secretly mine cryptocurrencies “en masse”. The evidence of this kind of intrusion by a nation-state is “the stuff of legends”, the researchers say, because the techniques are particularly difficult to detect.   Sponsored   University Citizen Lab researchers identified a scheme they call “AdHose”, which secretly redirects Egyptian Internet users’ web traffic to malware that uses their computer to mine the Monero cryptocurrency or display ads. AdHose relies on hardware installed in Telecom Egypt’s...

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bitcoin, confirms, currency, government, israel, property, tax -

Israel's government confirmed Monday that it would treat bitcoin and other cryptocurrencies as a kind of property for tax purposes. The notice confirms past indications that the Tax Authority will regard cryptocurrencies as "a property, not a currency", making it therefore taxable as such. The Authority's position was first detailed in a draft circular issued in January of this year. The circular explains that profits from cryptocurrencies will be subject to capital gains tax at rates between twenty percent and twenty-five percent, while individuals mining or trading cryptocurrencies in connection with businesses must pay a seventeen percent value-added tax (VAT) in addition to capital...

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