Posts in category

Security


Orchid Labs is raising $125 million in a SAFT sale, filings from the Securities and Exchange Commission (SEC) reveal. According to a Form D published on April 20, Orchid has raised roughly $36.1 million out of a planned $125.59 million. Per the Form D filing, 42 investors have taken part in the sale of SAFTs …

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Trust, but verify. Borrowed from a Russian writer, it’s one of crypto’s most widely embraced slogans, though one that’s becoming even more relevant on social media, where battling factions bent on promoting the next great high-tech investment are now turning the very symbols meant to protect users against them. Whether it’s an account impersonating the world’s largest …

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Cryptocurrency is crawling with ambitious visions for the future. Indeed, one of the most hyped ways in which the technology could come to proliferate is through its union with a concept called the internet of things (IoT), whereby nearly everything (think watches, refrigerators and automobiles) is connected to the internet and as such, “talks” to …

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Blockchain security company BitGo’s chief technology officer announced he was stepping down Friday afternoon. Starting next week, the startup’s co-founder Ben Davenport will no longer have a full-time position at the company, though he will remain as an advisor, he said in a statement. He said he intends to spend some time with his family …

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Bank of America may be looking into creating a single transaction ledger to replace existing data sharing systems with a blockchain, according to a patent application released Thursday. The filing, published by the U.S. Patent and Trademark Office (USPTO), outlines a permissioned blockchain which, if implemented, would securely record and authenticate personal and business data, …

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Blockchain startup Chainalysis has today announced a new real-time cryptocurrency compliance tool and a $16 million Series A investment from Benchmark Capital. Founded in 2014, Chainalysis provides cryptocurrency exchanges, international law enforcement agencies, and other clients with bitcoin transaction analysis software to help them comply with regulations, assess risk and identify illicit activity. Notably, the …

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A subsidiary of Taiwan-based electronics giant Foxconn is to help develop and build a blockchain phone from Sirin Labs, a news report indicates. The Android-based smartphone – called the Finney – is being built from the ground up, with special features that should appeal to cryptocurrency enthusiasts, including an app store for distributed apps (dapps), …

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A Chinese government-led research body has rolled out a blockchain-as-a-service (BaaS) platform for identity and supply-chain tracking. Dubbed the Blockchain Registry Open Platform (BROP), the system, developed by China Banknote Blockchain Technology Research Institute, was officially launched at a financial technology summit in Hangzhou on Monday, according to Securities Times. While China’s internet giants Tencent, Baidu and …

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Major US crypto wallet provider and exchange service Coinbase has rewarded a Dutch company with a $10,000 bounty after it discovered a smart contract glitch allowing users to steal “as much as they want” in Ethereum (ETH), according to a report made public today, March 21. The issue, which VI Company reported to Coinbase December …

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Cryptocurrency hardware wallet manufacturer Ledger continues to refute claims its devices can be hacked after a teenager compromised them, Ars Technica reports today, March 21. After British 15-year-old Saleem Rashid created code to ‘backdoor’ Ledger’s wallets in November 2017, the company released posts describing the events as “NOT critical” and said possible attacks “cannot extract …

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South Korea’s leading mobile carrier, Korea Telecom (KT), said Tuesday that it plans to use new telecommunications system powered by blockchain security solutions. KT’s digital infrastructure project, dubbed “Future Internet,” will let people and businesses earn rewards for using their own data instead of portal operators like Google, which currently monopolize access to private data, …

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What if a key piece of cryptography underpinning bitcoin fell apart? That might sound like science fiction (or even FUD – fear, uncertainty and doubt) to many a cryptocurrency enthusiast, yet hardly a day goes by without some breakthrough in the field of quantum computing hitting the wires. And while the technology will have many …

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Giving away free crypto might not be as easy as it sounds. By gifting new assets to existing cryptocurrency users, so-called “airdrops” are proving explosive, enabling the sudden creation of massive amounts of value almost overnight. But as the method is perhaps being hastily adapted, unexpected hazards are beginning to emerge. Planning to launch on …

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Cryptocurrencies, as the product of the digital realm, have always existed in the ether – no pun intended – meaning that physically there was nothing to hold, or to lose/have stolen. The threat for Bitcoin users when it came to getting fleeced of their digital currencies always existed online, leaving savvy investors safe offline. Now …

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Startup fundraising, in the traditional VC methodology, was flipped on its head in 2017 when a boom in ICO creation saw hundreds of companies forming on the Blockchain with its attached digital currency being born in the form of an investable token. However, this crowdfunding platform which exploded at a rapid rate has finally been …

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Unidentified entities at a telecom company connected to the Egyptian government are using malware to trick Middle Eastern Web users into unwittingly mining monero, according to a new report. Internet users in Turkey and Syria who downloaded Windows applications such as Avast Antivirus, CCleaner, Opera, or 7-Zip were unknowingly redirected to malicious versions with malware, …

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Bitcoin Ponzi scams are raking in millions – all without much effort. That may be self-explanatory to those who traffic the social media forums where the subject is discussed, but to researchers, it’s also a fertile ground for new findings. For them, someone asking for money and promising 100x returns isn’t simply a nuisance, they’re …

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A Blockchain-based patent application filed by the telecom and networking giant Huawei was published by China’s State Intellectual Property Office on Tuesday, March 6.  Shenzhen-based Huawei initially filed its patent application on Aug. 15, 2016. The document describes a Blockchain-based verification system for protection of intellectual property rights for digital content within a peer-to-peer (P2P) …

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Social media giant Twitter appears to be cracking down on cryptocurrency scam accounts – but several members of the crypto Twitter community have been caught in the fray. Responding to a tweet by Cornell professor Emin Gün Sirer, Twitter CEO Jack Dorsey wrote that “we are on it.” Yet the statement drew some swift critiques …

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North Carolina’s government has sent a cease-and-desist order to a cryptocurrency company they say is selling unregistered securities in the U.S. state. The North Carolina Secretary of State Securities Division issued a temporary cease-and-desist order on March 2 against the European project PowerMining Pool. The move comes just under two months after that department issued a …

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