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New MaMi macOS malware is hijacking DNS settings – Cryptocurrency Crash Sparks Bitcoin’s Nouveau Riche to Run to Gold – Apple will give users the option to control their own battery’s destiny: TTWCP-942

On This Episode…

Has it been a strange week with Bitcoin? The cryptocurrency crash and redeems itself but where will this take us or leave us?

As Apple becomes a target for malware these days, Craig share and explains the best malware packages in the market today which is also 99% effective.

Also, in this week’s show is the discussion on what are the different types of malwares, including a new Android malware that has the ability to spy on its users.

 

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TRANSCRIPT

TTWCP-WEEKLY-942_2018-01-20-New-MaMi-MacOS-Malware-is-Hijacking-DNS-Settings

 

Below is a rush transcript of this segment, it might contain errors.

 

Airing date: 01/20/2018

 

New MaMi macOS malware is hijacking DNS settings – Cryptocurrency Crash Sparks Bitcoin’s Nouveau Riche to Run to Gold – Apple will give users the option to control their own battery’s destiny

 

Craig Peterson: Hi. We got a new thing we’re going to talk about. We spoke before about Apple’s response to the Spectre, this terrible piece of potential malware. This is a vulnerability at this stage. I’m not sure anyone’s ever seen it in the wild, but every Intel chip made basically since 1995 has been vulnerable. And part of the problem with the vulnerability is it’s difficult to fix, to patch. So we’re going to talk about what Apple’s response is. They do have a patch, they will be releasing it soon, and how will it affect you? Some people are saying that we could see slowdowns or 30 percent or even more on some systems. We’ve got some new malware out there in the android space and the MacOS space as well. Apple, the big controversy over the batteries. You’ve probably heard about it if you have a slightly older iPhone, I mean like an iPhone 7 or an iPhone 6. You probably know that your phone was slowed down on purpose. We’re going to talk about that and Apple’s response, what is looming right now. And if your Wi-Fi is acting a little bit wonky, do you have Google Home? Do you have Google Chromecast? We’ll be talking about that. And where does that wonkiness come from? What is the actual cause? So stick around. We’ve got a whole lot coming up right now

 

(TTWCP EARWORM)

 

Craig: Hey, welcome back. Well, I just got a couple of responses here from people. If you’re on my insider’s list, I sent out a text message reminding you about the show, given you a link to the iHeart radio app and website. You can listen to the show live every Saturday right there, and of course I’m also on during the week time on Monday morning here with Jack Heath on these and many more stations. And I’m on Tuesday morning on, again, a dozen substations here throughout the week. Tuesday morning, Wednesday morning. It’s really kind of fun. We try and keep everybody up to date.

 

All right, so I just responded to that text. Let’s get into today’s articles now. A backup just a little bit here. I have been sick, probably hear and I’m congested still. I’ve got a cough, a little, just a little bit of wheezing. Thank goodness. Just a little bit of wheezing and all of that is from this virus. Have you gotten it yet? This cold/flu? You know, I always thought that the flu meant that you were vomiting, right? If you had a cold, you were coughing, you know, you weren’t coughing up green or nasty looking stuff because that means it’s bacterial. You were just, you just had this cough so that was a cold. And if you had the flu you had kind of cold-like symptoms, but you’re also vomiting. And I don’t know if this has been a redefinition or if it was always my misunderstanding even all those years in emergency medicine that I had. But I’ve I learned just recently that I guess the flu is slightly different from the cold and its symptoms in that with the flu you are achy, you have a headache and you may or may not be vomiting. Isn’t this a lovely topic for Saturday morning?

 

Um, but you may or may not be vomiting, but so many people have this. We have people who have died. And I think about half of the states right now. They’re considering this to be a kind of at a critical level. We have kids, little kids that are dying from it. Thank goodness I’m past it. I got it a week ago, last Tuesday. So we’re coming up to two weeks now and obviously I’m feeling a lot better. Last week was just this last minute, you know, I’d had it for five days and this is last minute thing saying hey guys, I can’t even talk this morning. There’s no way I can do a radio show. And so we kind of did a little bit of a best of from last summer. So it was kind of a very last minute pull together last week. But I’ve been kind of keeping up on things and I’ve been sending out some emails. You should have gotten my email this morning if you’re on my email list and thanks for tuning in. I’ve got thousands of people on there right now. So it’s kind of cool and I appreciate everybody who’s taken the time to not only listened to the show but share it with other people. You know, we’re coming up on our 20th anniversary of this show on the air and I think that’s kind of cool. And we’ve been trying again over the last few weeks because we’ve had a lot of people kind of complaining because we have not been good about getting the podcasts up. Now, I’ve done a couple of different things with the podcasts over the last year or so. I’ve been posting the radio show as a podcast for many, many years. And for the last few years I’ve been posting the radio show, but I’ve also been posting my other appearances, so on other radio stations, other radio shows and I’ve even posted some of the television appearances that I’m on as podcasts. And again you can subscribe to that by just going to http://CraigPeterson.com/iTunes. So that’s my website, http://CraigPeterson.com/iTunes if you’d like to subscribe. And I’d love it if you would give a little bit of feedback to the show there. But I haven’t been great about making sure we have them up for, you know, it’s been an on again off again thing. We missed probably about a month or two months’ worth of shows. We just, this last week got caught up on it and thanks to my people for doing that. Sheryll and Aicx both really worked on getting that all done while I was out sick this last week.

 

And so now we’re caught up and we plan on continuing to, but one thing I did last year, the beginning of last year is I decided I would try and do a daily podcast because there’s all kinds of great information that comes out every day that I think most people are interested in. So for, what was it, Karen? Three months, I guess it was 90 days. I did a daily podcast and then we put it up when we transcribed it and everything. And we saw some bumps in the listeners and the listenership. But you know, it is so hard nowadays to really make a difference out in the podcast world without people really sharing stuff. And you know, I’m not the kind of guy who’s just trying to get headlines, who’s trying to be controversial so the people share it with other people. There’s a podcast I listened to that I really love and the guy is just totally, totally controversial. And you know, he has just seen incredible growth in his podcast. But I’ve always tried to avoid that. I don’t know. I think, you know, you guys like to hear the news unbiased and you know, it’s impossible for anyone to be unbiased, right? We all have our, our favorites are ways of doing things. I certainly do like, like some hardware better than others and some software better than others. But that’s why you’re tuning in, right? You want to hear my opinion with 40 plus years of computer experiencing it makes me kind of feel like a little bit old here. But I’ve been doing this forever in the commercial space, large and small businesses, but that’s why you tune in, right? You tune in to find out what I have to say, what you may be you should be considering, what you should be doing to try and keep yourself safe online, your business safe online. And I have a lot of clients who listen to the radio show too to find out what they should be doing. And we were out at a client just this week and spent a little bit of time with them. So you know, shout out to a couple of my kids who work with me, we’re out there with Ron and Monica this week. So shout out to them. But it’s, I think that’s what it’s about. Right? And, and I don’t mind the slow growth, but I, I’d love to hear from you. If you guys think maybe I should be doing the daily one. Maybe I should be more controversial. You want to see me more on video, which I’ve been doing a little bit more of and we’ll be doing a lot more of. How do you want me to help? What information do you want on this radio show or elsewhere? By all means, reach out to me. Send me a quick note. You can text me directly. 855-385-5553. You can just text me, open your text app. 855-385-5553.

Let me know what you’d like to hear about if there’s something you’d like me to explain, let me know that as well.

 

We did a special show in fact on Bitcoin a couple of weeks ago when we had Marc Hebert in here. Of course he’s the financial guy whose show’s on just before mine here on Saturday mornings and we explained in depth at least, uh, I guess it was kind of me explaining in depth bitcoin what it’s about, what’s going on. We’re going to talk more about bitcoin today. But we did that because of the feedback we got from you guys. You really want to understand it. And the only way I’m going to know is if you reach out to me. So again, you can email me me@CraigPeterson.com, or you can just text me at 855-385-5553.

 

  1. So I haven’t gotten the articles yet. We will. We’ve still got three segments left. So stick around. We want to talk about some of this newest malware out there and what it means to you, what it means to, in fact, some of the companies involved, including Google. But there’s a lot, well want to know today and we kind of talked about this whole bitcoin thing. You realize that when I talked about bitcoin and I put that warning out there that was I born talking about don’t know, lucky or prophetic or something, but just two days later, bitcoin crashed. So we’ll talk about it and talk about the crash had happened again this week and what that means. So stick around. We’ll be right back. You’re listening to Craig Peterson.

 

Craig: Well, we got a couple of pieces of malware we have to talk about this week. One of them is from a normal culprit, which is android, right? We’re seeing android malware all of the time. And another one is really quite surprising at least to many people, and that is new MacOS malware.

 

So let’s start with the android malware. It’s called SkyGo Free. Now, what’s interesting is that this is a spy platform that was created specifically for android and is used by governments around the world. So governments, if you live frankly in the United States, uh, but certainly if you live overseas and many different jurisdictions, they’re actually using the SkyGo Free malware to keep track of the citizens of their country. You know, citizens might be kind of a strong word frankly for some of these countries out there.

 

So this is a discovery that came this week. It’s really showing this arms race that’s going on between competing malware developers because remember this is a business. These companies are writing malware and they’re selling it to governments and they’re selling it to bad guys and it goes to the highest bidder. Sometimes it goes to multiple people. It’s not just a unique. Sometimes it’s, hey listen, it goes to the highest bidder, but Kaspersky now, Kaspersky Labs published report Tuesday. Now again, Kaspersky has been tied to Russian intelligence, although I got to say they seem to have been a rather reliable source for information about malware over the years. So they’re saying this is an offensive security product. It’s designed and sold by an Italian-based IT company that markets surveillance software. There’s 48 commands in this latest version. It’s undergone continuous development since late 2014. Yeah, that long. Three plus years. It relies on five separate exploits to gain root privileges.

 

It allows it to bypass android security measures. All of the key measures and android. SkyGo Free can take pictures. It can capture video, it can seize call records, text messages, lead geolocation data, your calendar events, business-related information. Anything stored in device memory. It also includes the ability to automatically record conversations and noise. Isn’t it crazy here? Whenever the infected device goes into an area that’s geo located, so you can set up a geo fence, say hey, whenever this guy goes to work or whenever the owner of this android device a gets, gets in a hotel room or goes to Washington DC and the Pentagon, et Cetera, et Cetera, it can start recording automatically.

 

Another never before seen feature the SkyGo Free has is the ability to steal WhatsApp messages. So it’s abusing the android accessibility service that’s designed to help people who have disabilities. How’s that for fun eh?

 

A third new feature is the ability to connect infected devices to Wi-Fi networks controlled by the attacker. There was all kinds of other advanced features as you would expect in an expensive piece of malware out there. It comes with a variety of Windows components that provide a reverse shell, a key logger, a mechanism for recording Skype conversations. It’s absolutely incredible here. OK. They found, by the way, this particular piece of software, which is, well it’s the same, like, do you remember Pegasus? We talked about this. This was a companion app. So this one SkyGo Free. It was out on iOS. Discovered in 2016 infecting the iPhone of a political dissident in the UAE. So Pegasus is a full featured espionage platform developed by an Israeli group that also does key logging, screen capture, live audio, video, remote control via messaging, data exfiltration from WhatsApp, Skype, Facebook, Twitter, Viber, et cetera, et cetera.

 

It’s absolutely incredible what’s going on. This article goes on and on and you’ll find it up on my website at http://CraigPeterson.com and we’re tweeting these out right now. If you’re on Twitter, you’ll see them at http://twitter.com/CraigPeterson. But this goes on and on. And bottom line, this is a reminder to everybody that this software that’s sold to government and police forces. It’s called implant software that it’s used in countries with poor human rights records. It’s a threat to people using all kinds of devices. And it is a temptation for governments to spy on their people. And we’re seeing more and more evidence of our government spying on us all of the time. And this just scares the heck out of me. You consider the government is the only one with the power of force are the only ones that can hold a gun to your head and make you buy their product, make you do what they want you to do, and they have these types of tools available to them. This is the most sophisticated espionage app ever written for the android mobile operating system.

 

Now I’ve got to say that iOS certainly has had its problems and its had some security problems, but Apple has been on guard to block these security holes. And they’ve done a very, very good job of it frankly over the years. And the federal government’s been pretty upset with Apple. But as time goes on, I don’t know what we’ll do. Right. We want more and more functionality. You want to be able to say, Hey Siri. Or you want to be able to call out to your friendly neighborhood piece of hardware that’s sitting there in your home. Right? And so, so what do you want to do? Right? Do you want this nice little tone here? Right. That comes up a little Siri talking to you. Is that what you want? You want that for your android device. You want that for, you know, I don’t know. The sophistication that goes into these devices makes them more and more prone to attack. Right. You heard my iPhone, I activated it here just to kind of make a point, but this sophistication just introduces more security holes, more potential problems, and I can see why more and more people are just going back to feature phones, right? Something very, very simple that doesn’t have these particular types of security holes.

 

Now we’ve got a new piece of malware out that was android and that we talked about a piece of malware that is used by governments to spy on people. And it’s also if the government has it right, the bad guys are gonna have it as well because we know that the NSA, CIA, FBI none of them have been able to keep their hacking tools secret. Let’s talk when we get back here about MacOS. Boy, black eyes, just crazy black eyes that apple has received and justifiably over the last few weeks. So we’ll talk about those and what’s going on right now in the Apple world as well. Stick around. You’re listening to a recovering Craig Peterson. I have a little bit of energy here. You know. Sorry, if I don’t sound quite right in your headphones. It is me. It is this stupid bug that’s been going around, but stick around. We’ll be right back.

 

Craig: Hey, I just this weekend installed some new anti-malware software on my Mac and something that we’re offering to our clients and it’s a completely new type of anti-malware. You know I’ve talked before about Symantec for instance, and how their CEO, I think it was his statement at a party. I guess he’d had a few too many drinks were he said, listen, our software just isn’t effective anymore. And we’ve seen stats that are saying that the normal anti malware software is at best 60 percent effective. Think about that. 70, 60, you know, we’ve heard all kinds of stats, but we’re talking about 40 percent of the time malware gets through the defenses you have on your Windows computer. It gets through the defenses that are there on your Mac and it exposes you now to everything from ransomware where they’re hijacking your own data through stealing your bank account information, credit cards, or you know, all kinds of stuff that you just don’t want to have out there.

 

So this new anti-malware software is right now they’re saying it’s 99 point something percent effective. This stuff is absolutely incredible. If you want to know more about it, let me know and I’ll tell you about it. But it’s, I’ve played with it this week, we’ve installed it on a number of computers are number of our clients, all of our new clients are getting this. But it’s been absolutely marvelous so far and I’m very, very impressed. And my company is going to be, in fact in March we’re going to be the primary partner of a launching of some new software that’s available for iOS that’s anti malware software for our iOS as well. The first, very first fully integrated piece of anti-malware software for iOS. So we’ll. We’ll tell you more about that too once that becomes available. But I mentioned this about MacOS and about this new type of anti-malware software where it’s an entire platform and it’s affordable for small businesses because of what we’re seeing right now out there.

 

There’s a new type of malware for MacOS. Yes. MacOS. It’s a computer operating system and it is vulnerable, right? Everything’s vulnerable. No, it’s not vulnerable. Like Windows vulnerable where, oh my gosh, you know, things are absolutely crazy on Windows. It’s the platform for attack and part of the reason is it’s so popular. That’s what the proponents of Windows keep telling us. Oh, the reason is it’s because nobody’s using MacOS and that’s why it’s not getting attacked. And Windows, everyone uses Window. And that’s why it’s getting attacked. Well yeah, that’s true. But that’s not even half of the truth. The real major component of the truth on Windows hacking is the hackability. The fact it is so complex and so poorly designed, that’s the real reason behind it. I remember when I was working back in the day Windows pre-NT 1.0 and we had Cutler was in there and we were trying to design a secure operating systems from Microsoft and it was patterned after VMS if you’re an old deckey you remember VMS.

 

And so we were trying to make something that was very secure that could survive the future threats. What does Redmond do? What does Microsoft do? They dumb it down. They remove a lot of the stuff that had been put in to help to secure it. You know, we had worked long and hard to make sure we had something that would last for 20 years with good security. And by the way it kind of has lasted 20 years but not with good security because Microsoft kept changing things. Well that’s going to be too hard for the user or the application developer that’s going to block applications that try and get direct access to certain parts of the hardware. So you can’t do that. You can’t do that. So it got completely dumbed down. So I know what I’m speaking of here.

 

And then on the Mac side, I worked on mock OS, I also worked on free BSD in the kernel, in the network stacks. OK. So I know of what I speak here. The Apple operating system was designed with security in mind, but it’s still an operating system. It’s still a piece of software and there’s still going to have bugs. Now I’ve also got to say that since Steve Jobs left us, the quality of some of these updates has been questionable at best. For instance, High Sierra, the latest version of High Sierra, uh, they put fixes in for this root problem. You could, if you had a Mac running the latest version of the Apple iOS, you could gain full root access and in other words, full unlimited access to the computer without having to know any sort of administrative password. Is that crazy or what? And I mean it was that easy. You could gain access if you had access to the computer in the first place. You could gain access to full privileges in a matter of less than five seconds.

 

That’s all it took. Very, very simple. So Apple panicked, reasonably so. They came up with a fix and they pushed it out to your computer. You don’t even have to say you wanted it installed, it just installed it. That’s how bad this was. This was just a few weeks ago. It was horrendous. A horrendous security violation. Well, when they fixed that, they introduced a huge problem. This has been such a problem for my clients. They caused major breakage in the network file system stack. In other words, if you’re using your Mac, your High Sierra Mac with a file server, you’ve got headaches on, I mean just headaches after headaches because Finder, which is kind of like Windows Explorer on the Mac, Finder, keeps locking up on you and you have to reboot the machine. You can try and re-launch Finder. Sometimes that’ll fix it, but most of the time it won’t.

 

 So there’s some workarounds on it and we’re not going to go into all the reasons behind what happened and why and everything else. But Apple in fixing this problem really badly broke something else. So I’ve been running the latest Beta versions of High Sierra and I think it’s a Beta 5 right now, hoping that Apple was going to fix this problem. And it’s, it’s, as I said, it’s been a huge problem. We got workarounds in place for our clients. If you’re using a Mac and you’re having problems with your network shares, whip me off a note. Be glad to point you in the right direction. It’s relatively easy to fix. If you’re familiar with the UNIX command line, um, but it’s a work around, it’s not really a fix. You’re going to slow down your machine a little bit.

 

So Apple introduced a huge problem while at fixed another even huger problem. So again, it’s not impervious to security issues. This new one is called Mami, M-A-M-I. And this particular little piece of malware hijacks your DNS settings. Now again, if you’re a client of mine and listening to the show, don’t worry about this. This is covered. OK, we got you covered.

 

But here’s what happens. This little piece of nasty where hijacks your DNS. So if you’re trying to go to a website, they can send you to another website. Not only that, but they can install root certificates on your machine. And what that means is they can therefore install pretty much any software they want to install on your certificate because the security certificates that are used to validate Mac software can be overwritten. Now, not all anti-virus engines can detect this yet, and in fact the one I was just talking about earlier can and does, but make sure you keep your definitions up to date. You run regular scans to make sure none of your machines are infected.

 

Now this brings to mind something else and that is that some of the latest malware out there that has hit in the windows space, which includes what I was just referring to a little bit earlier, the Spectre, which is an Intel malware. Microsoft came out with a patch to work around some of the problems that Intel has created for everyone. And the Microsoft patch like malware, acts like malware. No, of course Microsoft doesn’t care right there. They’re just going to release it anyways in blame all of these software vendors that are trying to protect you from malware. I would never understand what Redmond. So again, if you’re on Windows and there’s Windows patches and you’re trying to install the patches and insane that there’s malware and won’t install the patch, check with your anti-virus vendor because your anti-virus vendors probably legitimately blocking this patch from Microsoft that looks and acts like malware. Is this getting crazy? Or is it just me now? I don’t get it.

 

So there is a problem right now, a pretty big one on MacOS. It will get patched. There’s no question about that. If you want to know about anti-malware that can protect you on the Mac, can properly protect you on Windows, let me know. Send me a note. Be glad to help you out there. Um, but bottom line, I’ve got what to do step-by-step here for this MacOS malware, how you can check to see if you’d been compromised. It’s actually fairly simple. All of those instructions are there on my website at http://CraigPeterson.com. OK.

 

Let’s get a couple more things here. First of all, let’s talk about the battery problem on Apple iOS. Now if you have an iPhone 6 or iPhone 7, you are well aware. I’m sure by now that Apple went ahead on their own accord and slowed down your iPhone. Now the reason they did this was if you have an older battery, they don’t want you to have that battery just die on you, right? They don’t want you to go from 40 percent charged to zero percent charge, which is what was happening to people. That’s, you know, that’s bad, right? Do you want to be using your phone, it says 40 percent charge and then your phone shuts down. Wait, no, you probably don’t. So Apple went ahead and made some changes to the software so that it looks like OK, the percentage of battery left to battery life is reasonable. And I know a few people who are saying just turn that off. You don’t need to know, right? What are the odds? You’re phone’s going to die on you, but no, I’m also the type of guy who keeps my case for my iPhone for years, for any of my phones when it has been available is a battery case, an external battery case. So I never ever run out of, out of battery, but maybe that’s just me.

 

So Apple said yes. OK, great. We’re going to go ahead and we’re going to just make it so that it is transparent. We’re going to make the user’s life simple and now they’ve got lawsuits. There’s a number of class action suits out against Apple right now because of this saying, Hey, listen, you’ve devalued my iPhone because you’ve made it so it doesn’t last as long, it’s not as fast as it used to be. So Apple on Thursday, I think it was this week, announced well on Wednesday, they announce a big economic plans where Apple says, yeah, due to the Trump tax cut, we’re going to reinvest $350 billion. Yes, I, that number’s right. Apple’s going to re-invest 350 billion dollars in the US market is going to create 20,000 to new full time jobs. Wow, isn’t that amazing?

 

So Tim Cook said what they’re going to do now is tell you where Apple is going to give users the option to control their own batteries’ destiny. So you will now see in settings in future releases of iOS, the ability to manipulate your devices performance in conjunction with your battery life. OK? So they’ll tell you that they’re reducing their performance just like they do right now. You know your iPhone comes up and says, Hey, I’m in battery saver mode, right? You only have 10 percent of battery left. So they are going to do the right thing. They should have done the very, very beginning. Apple did announce it will lower the price of auto warranty, iPhone battery replacements to $29, order to make amends with customers. So if you have an iPhone 6 or 7, that means you, you guys know you’re listening right now. Go and make an appointment and get your battery replaced. Do it now. While it is still cheap.

 

When we come back, we’re going to talk a little bit about bitcoin. We have a few minutes left and we’re also going to talk about your Wi-Fi. If it’s acting weird and you have any Google products like Google Home or Google’s Chromecast, we might have an answer for you and a little bit about what to do. Stick around. You’re listening to Craig Peterson and we’ll be right back.

 

Craig: I liked that one. Hey, thanks mom for not returning the postcard. I wonder if she’s listening. She does listen sometimes. OK. We’ve got a bit to talk about here. A Bitcoin in this case, you might remember I warned about this mid-December and it hit its peak which was around $19,000 per Bitcoin and a number of things will come out. One is the Bitcoin’s run up was actually created by someone or a group of someone’s manipulating the market. Yes, indeed. If it had been a regularly traded stock, people would be in prison over what was done Bitcoin, how did it gain any value? Remember bitcoin was worth like a penny or so when it started? You could buy Bitcoin, just like crazy. How did it get from almost zero to $1,000 per coin? Well, it turns out, but according to a lot of reports now that came out over the last week and a half, two weeks, that there was major market manipulation going on, at least on the part of the currency traders, right? The guys that you buy and sell Bitcoin from. But it looks like it might have also been done by the people, whoever it was who started Bitcoin. Because remember Bitcoin is a little bit of a, what’s the right word? It’s a mystery, right? We don’t really know who started Bitcoin. There’s a name that isn’t a real name. And the couple of people have claimed that they were the founder of Bitcoin, but it’s never been proven as to who actually founded it.

 

So it got started by an illusion. Right. And it’s continuing by illusion because Bitcoin cannot be used very many places. There are a few websites now the do take Bitcoin. But it’s being traded and is being driven upward by people “investing” in it. Now, I got some notes from a couple of listeners who said that they sold their Bitcoin back in mid-December when I said, hey, Bitcoins are gonna crash.

 

Now remember, this is not an investment show. I am not an investment advisor. I’m only telling you about the technology. I’m telling you about what I have read online, what my research has shown. OK? None of this has to be taken as advice to buy or sell anything, frankly. Right? Who am I? I’m a tech guy for the last 40 years. That’s not, that is not an investment advisor. So Bitcoins had a very strange week. We saw Wednesday this week. Bitcoin’s value halved. It was cut in about half. And it kind of recovered a little bit. And it got up to, I think it was when I checked this morning, there’s around $14,000. But they’re calling this black Tuesday, which was a reference to, of course the stock market crash led to the Great Depression because so many people now have money in Bitcoin. Wednesday, they’ll value fell below $10,000. So almost half of what it was worth in December. And there were analysts are fearing that bitcoin could drop to as low as $5,600. It did pick up and rallied about 30 percent on Thursday.

 

So I, you know, we talked about the stock market, look at what’s happened in all of the major markets since President Trump was elected, even before he took office. The markets are up 30 to 40 percent. When we’re talking about Bitcoin here, we’re talking about Bitcoin being up 30 percent in one day. Does that make sense to you? Is that sound like a really strong marketplace? Etherium which is another one of these blockchain currencies, saw a three week low on Wednesday at about 780 dollars. And then rose again about a thousand dollar mark. Ripple, another blockchain, one of these cryptocurrencies, dropped as low as ninety cents on Wednesday and increased in value by 65 percent.

 

So if you’re familiar with investing, are you familiar with the pink sheets? These are what are called penny stocks or stocks that trade at less than a dollar. And people buy those stocks because if you buy the stock for ten cents and it goes up to 12 cents, you’ve just made 20 percent on your money. So I look at this and say, wow, are people trading the pinks here? Are people looking at this Bitcoin and saying wow, I think this is up and it’s down. It’s up and it’s down. I’m going to make the margin on this and I can maybe, you know, get 10, 20 percent in just a matter of a few days. Well, that of course has attracted the attention of many people in the regulatory business here. New York’s Commodity Futures Trading Commission. They’ve announced just Friday that they filed a lawsuit against three virtual currency operators for allegedly breaking a series of commodities rules and are saying that they have been defrauding customers.

 

The commission also charged a New York resident who runs Cabbage Tech. This is a company that allegedly told customer that its advice on Bitcoin and Litecoin trading would net them a 300 percent return on their investments within a week. Cabbage Tech apparently never offered the advice and disappeared after a customer had made the payment. OK, this is scary stuff. We have regulators now all over the world who are saying that they are cracking down it. China, which is the number one place in the world for mining Bitcoins is shutting down Bitcoin mines. OK, things are going to change. This is not going to be the wild west in the future. So be very cautious about this stuff. Get good financial advice. I think it’s really, really important.

 

I’ve got to mention of course our Wi-Fi funkiness here, I’ve got an article about it on my website. You can go to http://CraigPeterson.com to find it. But if you have Google Home or Google Chromecast in your house and you’re using a whole, whole plethora of wireless devices like from ASUS, Linksys, Netgear, Synology, all these Wi-Fi routers, you’re having problems and I have a solution for you. You’ll have to go to my website. We don’t have time to cover it, http://CraigPeterson.com. The city of Barcelona is dumping Windows and is moving over to Linux now. We’ve seen that before and some companies have switched back to Windows. We’ll keep an eye on this for you. Um, but uh, this whole cryptocurrency lot of people are moving back to gold. Interesting. All right. Remember, I am not giving financial advice. What do I know right now? I’m a tech guy that just kind of following this, I hope you have a great week this week.

 

We have a lot of stuff happening right now, so keep an eye on your email boxes. Hopefully you got my email this morning. I have links to all of these articles right there in the email comes out for me from me@CraigPeterson.com every Saturday morning. We’ll keep an eye on things this week. And I hope to be a hundred percent by next Saturday. Oh my. This thing holds on. And if you are sick, hold on, hopefully you’ll get better and you may want to go see your doctor. This is a nasty little strain. Have a great week. You’ve been listening to Craig Peterson and you’ll find me online, http://CraigPeterson.com. Take care. Bye Bye.

 

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Thanks, everyone, for listening and sharing our podcasts. We’re really hitting it out of the park. This will be a great year!

 

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