Posts in category

Security


An abnormally severe bug was discovered in bitcoin’s software, prompting developers to put together and release a fix on Tuesday. Fixed and revealed to the wider public by way of Bitcoin Core software version 0.16.3, the vulnerability is a denial-of-service bug. If exploited, it can be used to take out nodes and at worst, temporarily …

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Security researchers have discovered a new botnet that, rather than posing a threat, seems to be seeking out and destroying a type of crypto-mining malware. Called Fbot, the botnet is a variant of one called Satori, which is in turn based on Mirai – a program normally used for DDoS attacks. Unusually, the DDoS module seems …

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A new survey from Deloitte found that 40 percent of executives from the telecom, media and technology (TMT) space want to invest millions in blockchain research during the next year. Published Tuesday morning, the findings – included in a report from the Deloitte Center for Technology, Media & Telecommunications – form part of a wider look …

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The National Research Council of Canada (NRC) announced Monday that it has built an ethereum blockchain explorer. The organization wrote in a news release that its Industrial Research Assistance Program (IRAP) is now hosting the explorer on the InterPlanetary File System (IPFS) through services provided by Bitaccess, a blockchain startup. Using IPFS, it said, ensures web applications …

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The U.S. government will help fund a distributed ledger platform being developed by researchers at the University of California-San Diego. Subhashini Sivagnanam, a researcher and software architect with the Data Enabled Scientific Computing division at the San Diego Supercomputing Center, won $818,433 from the National Science Foundation (NSF) to develop the Open Science Chain (OSC), …

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A bomb threat was sent to a Norwegian cryptocurrency mining company for “sabotaging the peace” with noise this past Saturday. Kryptovault, a crypto mining firm with facilities in a number of cities in Norway, reported receiving threats after a local paper reported on its work, according to Yahoo Finance. The bomb threat said “if you are expanding crypto …

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Yet another dire security flaw was unveiled Tuesday with potential ripple effects across the tech world, including for cryptocurrency projects seeking to leverage certain hardware devices. Following a pair of bugs unveiled earlier this year, the Foreshadow vulnerability impacts all Intel’s Software Guard Extensions (SGX) enclaves, a special, supposedly extra-secure region of chip often used …

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Almost a third of U.K. businesses said they had been hit by cryptocurrency mining malware within the previous month, according to new research. In a survey published by Citrix, almost 60 percent percent of responding companies further indicated they had found mining malware on their systems at some time in the past, with the vast …

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Two newly-published patent applications from Microsoft suggest that the software giant is looking at the use of trusted execution environments, or TEEs, within its blockchain offerings. But what exactly is a TEE? According to information gathered from two filings published by the U.S. Patent and Trademark Office Thursday, a TEE is specified to store “a …

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Researchers have uncovered a huge botnet that mimics legitimate accounts on Twitter to spread a cryptocurrency “giveaway” scam. As reported by ITPro, the discovery was made during a research effort by Duo Security that looked at 88 million Twitter accounts from May to July and used machine learning to identify bots, malicious or otherwise, on the social …

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Having launched bitcoin futures trading in May, Goldman Sachs is now pondering the launch of a cryptocurrency custody service, according to Bloomberg. In a report published Monday, the news service cites anonymous sources as saying that the investment bank is mulling the creation of a secure storage service aimed at crypto funds to help protect them against …

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With $1.7 billion in the bank following its initial coin offering (ICO), Telegram has released its first crypto-friendly feature – but security researchers are skeptical. As detailed in a blog post published today, Virgil Security, a U.S.-based startup, has identified several weaknesses in the new identity verification app, called Passport. While the company praised Telegram …

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The Agricultural Bank of China (ABC), one of the world’s largest banks by total assets, has completed the issuance of a loan worth $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan backed by a piece of …

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The Agricultural Bank of China (ABC), one of the world’s largest banks by total asset, has completed the issuance of a loan worth of $300,000 using a blockchain system. The bank tested the technology for the first time in one of its branches in China’s Guizhou province which issued a loan that is backed by …

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Decentralized cryptocurrency wallet SafeWallet is launching a new QR code-based user identification system to replace mnemonic phrases and private keys, the firm announced Friday. The app, operated by China-based Cheetah Mobile, will use a two-tier security system to grant users access to their holdings, according to a press release. The first stage will have users scan …

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It was “an interesting wake-up call.” That was how Kevin Serrano, an employee at ethereum startup and incubator ConsenSys, described the revelation that MetaMask had been removed from Google Chrome’s web store in a recently published blog post. MetaMask, a Consensys “spoke,” is an ethereum wallet that also serves as a bridge between web browsers and …

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October 16th, 2017 started off like any other Monday. I awoke at 6 a.m. and drove to the YMCA to play racquetball, ready to start the week with a win. When I finished playing, I tweeted out a cute quip: I then hit the steam room and the shower to relax and freshen up. Upon …

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Illicit cryptocurrency mining, or “cryptojacking,” has become more popular among cybercriminals than ransomware, according to a report by Skybox Security. In its mid-year update, the firm said that crypto miners now account for 32 percent of all cyberattacks, while ransomware only makes up 8 percent. Cryptojacking utilizes code hidden on websites or devices to harnesses victims’ computing …

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A self-regulatory organization in Thailand is planning a custom token aimed to speed up corporate bond settlement in the country. The Thailand Bond Market Association (TBMA) said it has received the green light from Thailand’s Securities and Exchange Commission to develop a private blockchain that will be only accessible for parties in the bond market, …

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Innovation is never easy. That said, sometimes it can be that much harder. Such was the case for crypto project Bancor this week, which saw its design decisions and strategy picked apart on social media as it sought to contain the damage from a multimillion-dollar hack. On Monday, the project announced its app was down for maintenance, and …

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