Tag: security

China-based cryptocurrency company Cobo has developed a new hardware wallet which provides innovative new security features to ensure that user funds are kept secure. The Cobo Vault Cobo refers to its Cobo Vault as “the world’s first all-around secure, military-grade cryptocurrency hardware wallet,” and this description seems to be justified. The team behind Cobo Vault wanted to create a genuinely…

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Global losses from hacker attacks in 2018 amounted to $1.8 billion, which exceeds the amount of losses for the period from 2011 to 2017. A sizeable share of victims are investors and users in the field of cryptocurrency and Blockchain technology, the commercial value of which will increase to almost $180 billion by 2025. Such results and forecasts were shared…

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Adobe’s Flash Player, once a prominent feature of the last decade to enable millions around the world to play internet games, has made its way to the hackers’ arsenal as they look to leverage all forms of customer-facing software to illegally mine cryptocurrencies, reported Finance Magnates on October 12, 2018. Old Tricks, new Rewards Research published by the cybersecurity research…

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On October 7, 2018, Reddit user team-periwinkle took to social media, questioning cryptocurrency users for their interest in a potential 51% attack. While attackers would not typically announce their intentions publicly, the purpose of the attack would be for education, as the entire process will be live-streamed to allow anyone interested in learning how the often purely theoretical process works…

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Theft of cryptocurrencies through the hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year. Reuters reported on October 10, 2018, that this figure is up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cybersecurity firm CipherTrace. Main Report Highlights According to the CipherTrace report…

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BTCManager spoke with Tone Vays and all things surrounding Bitcoin outside of its price. The teacher turned corporate financier turned back to teacher, blockchain consultant, and budding carnivore has had skin in the game long before Nassim Nicholas Taleb’s series of novels. The route to ~166,000 Twitter followers and becoming a master node of knowledge in the crypto game, however,…

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Monero, one of the most prominent privacy-focused cryptocurrencies, recently released a series of pages collectively called “Monero Best Practices.” The collection has tips for those looking to handle their Monero in the safest manner possible and has useful information for beginners and veterans alike. In total, there are seven pages with topics spanning from setting up your first wallet to…

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In a bid to ensure secure information transmission, verify the authenticity of messages, and prevent fraud in the capital market, the Israel Securities Authority (ISA) has integrated blockchain technology into its systems, reported The Times of Israel on October 3, 2018. ISA Joins the DLT Bandwagon Per sources close to the matter, the ISA has announced it has successfully integrated…

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Fortnite, the wildly popular video game over which schools have expressed disdain, is currently being used as an attack vector for malware disguised as cheating software. According to an October 2 post from Christopher Boyd, the lead malware intelligence analyst at Malwarebytes Labs, thousands of users have been inadvertently downloading malicious software. Malware Disguised as Cheating Software This bug has…

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It seems like every day the crypto news zeitgeist is reporting on yet another Monero (XMR) malware hacking attempt. The scale is different from nations, individuals, and everyone in between, but the mechanism appears relatively the same. A simple Javascript Coinhive plug-in, a wallet, and one of the strongest privacy-centric cryptocurrencies on the Internet means just about anyone can be…

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