Nearly $1 Billion Stolen in Crypto Hacks in 2018Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the 2017 levels, according to cyber security firm CipherTrace.
BitGo Boosted by Approval to Become a Regulated Cryptocurrency CustodianCrypto security startup BitGo has today received green light from the South Dakota Division of Banking to act as a qualified custodian for digital assets, meaning it can now offer institutional clients a regulated storage solution for cryptocurrencies.
Jameson Lopp: Bitcoin Users are Their Own Worst Enemies in Terms Of SecurityDespite the deep correction the cryptocurrency market has suffered throughout 2018, its capitalization is still holding above $200 billion while leading exchanges are securing deals worth hundreds of millions of dollars every day and institutional investors are looking for a better infrastructure around the industry to take part in the revolution.
Bisq Co-Founder Chris Beams: There’s a Fundamental and Ultimately Fatal Flaw In the Centralized Cryptocurrency Exchange ModelIn the light of the recent Coincheck hack which resulted in theft of over $500 million in NEM (XEM) cryptocurrency, the ongoing debate on the importance of decentralized solutions is taking another turn highlighting issues such as the vulnerability of ‘traditional’ centralized platforms and users having to sacrifice the control of their private keys in […]
Hashcoins To Replace Multiple Passwords With One BlockchainA modern human being has to remember dozens of logins and passwords to access all accounts at different platforms. The more reliable the password, the harder it is to remember it; and the more unique passwords there are, the higher the probability of forgetting some of them.
Bitfinex Publishes a Plan for the Exchange’s RevivalCryptocurrency exchange Bitfinex plans to gradually recover access for users in the wake of a hack and theft of 120k BTC.
Bitfinex Halts Operations Due to Security Issues: $65 Million StolenPopular crypto-exchange Bitfinex has announced on Tuesday, August 2 that it halts all operations as a critical security issue has been discovered.
The Robin Hood Team: The DAO’s Assets May Return Without a HardforkA joint team of Ethereum Project, Slock.it and some anonymous developers which calls itself the Robin Hood team intends to bring back the ethers stolen from the DAO without hard-forking Ethereum.
Recursive Call: The DAO on the Brink of Death and Ethereum To Be HardforkedEthereum Foundation headed by Vitalik Buterin opted to save the DAO funds for investors. However, the latter will only have an option of withdrawing funds. The DAO, as it may seem, is no more.
The DAO Under Attack: $50 Million StolenToday, the world’s first decentralized venture fund The DAO has been attacked. Unknown hackers keep on withdrawing ETH tokens from the fund. Overall amount of stolen assets comprises around $50 million at the time of writing. ETH and DAO exchange rate has dropped almost immediately across all cryptocurrency exchanges. 1 ETH is worth 0.02 BTC […]
The DAO Eliminates Vulnerability That Allowed Endless Withdrawals from Some AccountsA vulnerability in the implementation of Ethereum protocol by some developers has resulted in a need for fixing the DAO. The first decentralized venture foundation owns around $165 million accumulated during the recently closed crowdsale campaign.
Almost 33 Million Twitter Passwords Stolen and Put Up for Sale for BitcoinsInformation security website Leaked Source has announced that a database containing upwards of 32.8 million stolen Twitter passwords has popped up on the darkweb. The experts noted that the data had been stolen directly from users, most of whom use Russia-based services.