The host at this IP address is obviously operated by cybercriminals. It is running a malware botnet controller which is being used to control infected computers (bots) around the globe using a trojan horse.
Malware botnet controller located at 34.229.211.68 on port 5050 TCP:
$ telnet 34.229.211.68 5050
Trying 34.229.211.68…
Connected to 34.229.211.68.
Escape character is ‘^]’
$ nslookup 34.229.211.68
ec2-34-229-211-68.compute-1.amazonaws.com
$ dig +short spdxx.ddns.net
34.229.211.68
Referencing malware samples:
MD5 7ffbe101071f11f8aac5803111017b68