#hacks News

Proof of Stake's Claim to Fame Could Stretch Beyond Ethereum

Ethereum Foundation is Building a Security Team for ETH 2.0 Rollout

August 3, 2020 by Shaurya Malwa at Ethereum

A security team has been set up to handle any security issues ahead of Ethereum’s staking upgrade, a developer said Sunday. Bolstering Security The Ethereum Foundation (EF) is not taking any chances when it comes to the much-awaited ETH 2.0 launch. The protocol has been delayed numerous times (it remains...

Slack Discloses in SEC Filings That it’s a Target for Malicious Attacks

April 30, 2019 by Aisshwarya Tiwari at Business, Commentary, Cybersecurity, Investment, News, Regulation

Ahead of one of the most anticipated initial public offerings (IPOs) of 2019, Slack Technologies Inc. in its filings with the US Securities and Exchange Commission (SEC), warned investors that it’s a prime target for nation-scale hacking groups. This according to a report by Motherboard, published April 26, 2019. A...

Viking-Type Character Guarding a Coinbase Door

Coinbase Introduces Security Measures to Safeguard Users’ Login Credentials

April 10, 2019 by Aisshwarya Tiwari at Business, Ethereum, News

According to the Coinbase blog published April 9, 2019, U.S. cryptocurrency exchange Coinbase is set to bolster its security measures with the implementation of multiple layers of protection against credential stuffing attacks. The Need of the Hour Exchange hacks have long plagued the burgeoning crypto industry, and the problem has...

Japan: Crypto Network Hacks Doubled In 2018

March 8, 2019 by Tokoni Uti at Altcoins, Bitcoin, Crime, News

2018 saw an almost 50 percent increase in the number of attacks on Internet of Things (IoT) devices and crypto networks in Japan, as reported by Asahi, March 7, 2019. Intensified Effort Probably the only thing that strikes more fear into the minds of the blockchain community than a bear...

Japanese Regulators Grant Coincheck Cryptocurrency Exchange Full License

January 14, 2019 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

According to a PDF document released on January 11, 2019, the Japanese Financial Services Agency (FSA) has fully licensed the Coincheck cryptocurrency exchange after the firm reportedly met all its standards. The Storm Is over Coincheck, reportedly known as the most popular virtual currency exchange in Japan before its hack...

Only 7 out of 21 Crypto Exchanges Pass South Korean Government Audit

January 13, 2019 by Tokoni Uti at Altcoins, Bitcoin, Business, Exchange, News, Regulation

The South Korean Government recently conducted a security audit on 21 Cryptocurrency exchanges and according to a local news story published on January 10, 2019, only seven of them passed the audit. The audit took place between September and December 2018 and out of the 21 surveyed, Bithumb, Coinone, and...

Japanese Bitcoin with Japanese flag standing proud

Where Are They Now?: Japan, The Birthplace of Cryptocurrency Exchange Regulations

January 2, 2019 by Eddie Mitchell at Altcoins, Bitcoin, Blockchain, Business, Crime, Cryptocyclopedia, Exchange, Finance, Regulation

Unlike many regions of the world that are slowly beginning to tap the potential of cryptocurrencies and blockchain technology, some nations like Japan have been embroiled in crypto-mania from the very beginning. Japan is one of the frontrunners of blockchain adoption being home to numerous blockchain projects, startups, and cryptocurrency...

A Year in Cryptocurrency and Blockchain: Q1 2018

December 28, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Blockchain, Business, Crime, Ethereum, News, Platform, Tech

It is perhaps no secret that the cryptocurrency market failed to meet the expectations of most investors this year. While 2017 was widely regarded to be the year cryptocurrencies and ICOs reached mainstream popularity, 2018 has been impactful in a much more subdued manner. For instance, institutional interest and adoption...

Japanese Government Launch Software to Track Fraudulent Cryptocurrency Transactions

September 5, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Crime, Exchange, News, Regulation

While the Asian region, notably Japan and South Korea, remain receptive to bitcoin and the altcoins, bad actors have seized the opportunity to operate freely in the area. Now, Japanese authorities are introducing software that could help track fraudulent cryptocurrency transactions and aid criminal investigations, as first reported by NHK...

Korean Blockchain Association Gives 12 Local Cryptocurrency Exchanges Clean Bill of Health, Insurance on the Horizon

July 17, 2018 by Joseph Young at Altcoins, Bitcoin, Business, Exchange, Finance, News, Regulation

In a bid to improve the security level and general standards of cryptocurrency exchanges in South Korea, after a series of hacks and heists rattled the local cryptospace, the Korean Blockchain Association (KBA) formulated a set of stringent guidelines that would govern exchanges and crypto-related projects in the state. Partially...

EOS, Augur, Tron and Monero Hand out Bug Bounty Incentives to Several Hackers after Code Flaws Identified

July 9, 2018 by contributor at Altcoins, Development, News, Tech

Despite the famed immutability of blockchain technology, widespread hacks and 51 percent attacks on several cryptocurrency projects have proved the emerging sector is susceptible to flaws. This in mind, some of the largest projects have launched their bounty programs to enhance security and detect bugs, with $24,500 handed out to...

Coinsecure Cryptocurrency Exchange Heist Victims to Wait Indefinitely for Refunds

May 3, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Business, Finance, News

April 13, 2018, was undoubtedly a sad day for one of India’s leading bitcoin exchanges; Coinsecure. Over $3.6 million worth of the world’s leading digital currency was stolen from the firm’s crypto wallet, due to alleged negligence on the part of the exchange’s chief security officer. Now, the company has...

Binance to Hold $1 Million Dexathon For Decentralized Exchange

March 18, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, News, Tech

Hackathons existed long before the emergence of cryptocurrencies and blockchain technology. They typically were events of varying duration where tech minds gathered around to brainstorm ideas and proffer solutions to nagging issues in their industries. However, like almost everything in the world of tech and finance, blockchain technology is causing...

Bitfinex to Launch Decentralized Crypto Marketplace EOSfinex

February 19, 2018 by Pratik Makadiya at Altcoins, Business, Finance, News, Tech

The controversial crypto exchange Bitfinex publicized its plan to launch a new decentralized cryptocurrency exchange, dubbed EOSfinex. In an industry where cryptocurrencies are typically decentralized, it comes as a surprise that more marketplaces don’t also represent this characteristic. Further, centralized exchanges can charge exorbitant fees for transactions and are prone...

Mitsui Sumimoto Launches Insurance Coverage For Cryptocurrency Exchanges

November 25, 2016 by Alex Lielacher at Bitcoin, Business, Finance, News

Japanese insurance giant Mitsui Sumitomo Insurance, as revealed by Nikkei Asian Review, will be launching insurance coverage for cryptocurrency exchanges, designed to insure against damages and losses resulting from cyber attacks and operational issues. The new insurance product is being developed in partnership with Tokyo-based bitcoin exchange bitFlyer, aimed at...