#security News

A Security on Bitcoin’s Lightning Network Could Protect Users from Thieves

July 16, 2019 by Edoardo Vecchio at Bitcoin

In the last research report published on July 15, 2019, Bitmex analyzes the Bitcoin Lightning Network with respect to channel closure. The research is focused on a mechanism called “Justice Transactions” that punish dishonest parties and prevent them from stealing funds from other Lightning channels. According to the report, 241...

New York City College Struck by Ransomware, $1.9 Million in Bitcoin Demanded

July 15, 2019 by Ashwath Balakrishnan at Bitcoin

Munroe College in Manhattan has been hit by a ransomware attack that has shut down the college's computer systems. The hackers are demanding 170 bitcoin (BTC), which is roughly $1.9 million. The malware infection came to light on the morning of July 10, but the specifications of the infection are...

Android Malware Attack Crying Bug Green Red

Hackers Planting Cryptocurrency Mining Malware on Android Smartphones

June 24, 2019 by Ogwu Osaemezu Emmanuel at Cybersecurity, News

Hackers have found a way to exploit loopholes in open Android Debug Bridge (ADB) ports, a client-server program used in the development of Android applications, to mine blockchain-based digital assets. Once a device gets infected, the bad actors can spread the malware to connected devices via Secure Socket Shell (SSH),...

Zero Day Vulnerabilities on Mozilla Targeted Coinbase Employees

June 23, 2019 by Ashwath Balakrishnan at Business

Security researchers at Google and Coinbase discovered a zero day exploit on the Firefox browser that would allow an attacker to remotely execute code on an underlying operating system, as reported by ZDNet, June 18, 2019. First Exploit on Mozilla Since 2016 Firefox is generally considered one of the safest browsers,...

Terms of service being changed in real time with coloured pens,.

South Korean Crypto Exchanges Update Terms of Service

June 17, 2019 by Ogwu Osaemezu Emmanuel at Exchange, News

Exciting times for South Korean bitcoin and altcoin investors as five local exchanges including Bithumb have revised their terms of service to make it possible for traders to get duly compensated should there be an unforeseen circumstance that leads to loss of funds, even if the security breach is not...

Concentration of Exchange Market Share May Threaten Access to Crypto

June 9, 2019 by Ashwath Balakrishnan at Exchange, News

The dominance of Binance and Coinbase in the centralized exchange could prove to be a pitfall for the cryptocurrency world. As highlighted by Kevin Rooke of The Spring, Binance and Coinbase have 1.37 million and 1.14 million users on a daily basis while no other exchange has more than 500,000 daily...

Small Black Squid Sitting on a Computer Screen

BlackSquid Malware Exploiting Web Servers to Mine Monero (XMR)

June 5, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Cybersecurity researchers have discovered BlackSquid, a new malware family that exploits unpatched loopholes in web servers, network drives, and removable drives to mine privacy-centric monero (XMR), according to a TrendMicro report on June 3, 2019. Mining Monero in Stealth Mode Per the team, the notorious malware uses “multiple web server...

Alibaba to Integrate Blockchain in Intellectual Property Protection Platform

May 26, 2019 by Mohammad Musharraf at Adoption

Chinese Internet company Alibaba announced that it would be revising the security of its Intellectual Property Protection system for global enterprises and brands. The revision includes the integration of blockchain technology, reported local news outlet Sohu on May 23, 2019. Digital Copyright Protection While cryptocurrencies still struggle to gain grounds...

Woman on a Beach looking at Blockstream Liquid

Blockstream Unveils ‘Plug-and-Play’ Liquid Network-based Security Token Issuance Platform

May 17, 2019 by Osato Avan-Nomayo at Adoption, Altcoins, Blockchain, Finance, News

Bitcoin infrastructure developer Blockstream has debuted a security token issuance platform based on its Liquid Network. The platform will allow companies to deploy tokenized securities without having to worry about computer programming and regulatory requirements. Liquid Securities: Blockstream Introduces STO as a Service In a blog post published on Wednesday...

Binance Cryptocurrency Exchange to Unfreeze Deposits and Withdrawals

May 13, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin, Cybersecurity, Exchange, News

Changpeng Zhao (CZ), the founder of the highly reputed Binance cryptocurrency exchange which recently suffered a security breach, has revealed via a blog post on May 12, 2019, that the exchange is putting preparations in top gear to resume deposits and withdrawals latest by Tuesday, May 14, 2019. Binance Moves...

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