#security News

Ripple (XRP) CEO Hints at IPO Plans for 2020

January 24, 2020 by Osato Avan-Nomayo at Altcoins

Brad Garlinghouse, CEO of blockchain firm Ripple, has hinted that the company may pursue an initial public offering (IPO) sometime in 2020. Ripple Going Public? In a tweet posted by Senior Vice President of Product at Ripple, Asheesh Birla, the CEO of the blockchain firm Brad Garlinghouse was quoted hinting...

Singapore: COSS Exchange Abruptly Disables Withdrawals, Traders Decry Foul Play

January 9, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Crypto One Stop Solution (COSS), a Singapore-based cryptocurrency exchange and Bitcoin (BTC) trading venue established in 2017, has come under fire for suddenly announcing that fund withdrawal and deposits will be unavailable for a month, to enable it to carry out a complete system upgrade, reports Decrypt on January 8,...

Cryptocurrency Custody Services are Missing a key Ingredient: Inheritance Clauses

January 7, 2020 by Ashwath Balakrishnan at Bitcoin

Being one of the most securely managed asset classes in the world is mostly a perk, but it does have its pitfalls as well. BBC News claims that there is research estimating that nearly 3.8 million bitcoin has been lost forever by people who passed away without giving access information to anyone...

How the New Chinese Cryptography Law Sets the Precedent for a Digital Currency

January 2, 2020 by Ashwath Balakrishnan at Regulation

As of January 1, 2020, the Chinese state will implement legislation that regulates cryptographic passwords in a way that is being hypothesized to be vital to their digital currency efforts. According to China Money Network, the government of China wants to ensure its network is optimally secured, creating the need for...

Hardware Glitch Renders KeepKey Helpless to Physical Brute Force Attacks

December 11, 2019 by Ashwath Balakrishnan at Blockchain

Kraken, a leading digital asset exchange, found a hardware vulnerability in ShapeShift's KeepKey wallet, allowing a variable flow of voltage to bypass the pin code required to open the wallet. KeepKey customers are advised to ensure nobody else has physical access to their wallet, and to enable a BIP 39...

South Korea: Crypto Exchange UpBit Hacked; Reports $51 Million Ethereum (ETH) Withdrawal

November 27, 2019 by Anthonia Isichei at Ethereum

Major South Korean cryptocurrency exchange, UpBit, announced that over 340,000 worth of Ethereum (ETH) was transferred to an anonymous wallet. While the exchange did not explicitly mention a hack attack nor specify how the withdrawal was done, the company pledged to cover up the missing funds. UpBit Crypto Exchange Possibly...

BitPay's Pristine Data Security Standards Rewarded, Completes SOC 2 Compliance Review

BitPay’s Pristine Data Security Standards Reflected in Completion of SOC 2 Compliance Review

October 1, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Bitpay, a leading United States-based bitcoin (BTC) payments processor, has announced the successful completion of its Service Organization Control 2 (SOC 2) review carried out by Aprio, an award-winning CPA-led business advisory firm based in Atlanta Georgia, according to a press release on October 30, 2019. BitPay Bags SOC 2...

Blending Blockchain and AI may Increase Data Privacy

September 3, 2019 by Edoardo Vecchio at Blockchain

Blockchain and AI together can bring substantial benefits to society. The combination of the two disruptive technologies may allow users to verify the correct usage of the data they had shared with tech companies and potentially identify anomalies more easily. This according to a news report from Forbes, September 3,...

Case for Privacy Coins Amplified by Hong Kong Protests

August 12, 2019 by Ashwath Balakrishnan at Altcoins

The Hong Kong protests have millions of individuals rallying against the government's efforts to pass the Fugitive Offenders Extradition bill. In an article by Forbes, August 11, 2019, it was revealed that the central government used Chinese servers to launch a denial of service attack on Telegram to apprehend those...

Litecoin Witnesses a Dusting Attack, Perpetrators Trying to Deanonymize Users

August 10, 2019 by Ashwath Balakrishnan at Altcoins

Litecoin has recently been targeted by malicious actors who have sought to break on-chain privacy through a dusting attack. As explained by Binance Vision, the education wing of the exchange, a dusting attack occurs when hackers send dust (an amount below the current average fee) to the personal account of...

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