Security Financial News

03.06 / 11:17

business Technology Adoption security Support OpenAI commits $1M to support AI-driven cybersecurity initiatives

The adverse effects of artificial intelligence (AI) technology in the hands of criminals, enabling the creation of deep fakes and malware, have heightened the urgency for action.

02.06 / 06:07

defi Cybersecurity security Scams Losses from crypto rug pulls outpaced DeFi exploits in May: Beosin

The amount of cryptocurrency lost to "rug pull" or "exit scams" — where founders suddenly up and leave with investors’ money — had outpaced the amount stolen from decentralized finance (DeFi) projects in May, a blockchain security firm has revealed.

01.06 / 14:31

Blockchain security Smart Contracts ChatGPT ChatGPT can’t beat human smart contract auditors yet: OpenZeppelin’s Ethernaut challenges

While generative artificial intelligence (AI) is capable of doing a vast variety of tasks, OpenAI’s ChatGPT-4 is currently unable to audit smart contracts as effectively as human auditors, according to recent testing.

01.06 / 10:09

Blockchain Adoption security Tokens Assets This tokenization platform aims to bridge the gap between traditional assets and crypto

Tokenization is one of the biggest trends in blockchain, following decentralized finance (DeFi) or nonfungible tokens (NFTs). The transition of real-world assets to the blockchain, including equity and debt, can change financial markets by bringing more liquidity and making the trading process cheaper and more automated.

31.05 / 13:35

business Adoption wallet Cybersecurity security Scams Bitcoin Wallet Phishing scams crypto phishing Crypto phishing scams: How users can stay protected

In the fast-paced and ever-evolving world of cryptocurrency, where digital assets are exchanged, and fortunes can be made, a lurking danger threatens the safety of both seasoned investors and newcomers alike: crypto phishing scams.

31.05 / 12:55

business regulation security ChatGPT National Warning Chinese officials issue warning about AI and national security

Officials in China have warned about the risks posed by the rapid advancement of artificial intelligence (AI) development and subsequently called for tighter measures on national security.

31.05 / 10:49

Blockchain regulation Social Media SEC security Former SEC chief warns influencers about prosecution for crypto price manipulation

The United States Securities and Exchange Commission (SEC) is pursuing crypto influencers who have promoted scam projects and are found to be manipulating the prices of certain tokens via social media. Former SEC chief John Reed Stark took to Twitter to warn crypto influencers to be ready to face prosecution.

30.05 / 17:51

security Hardware Wallet Hardware Ledger controversy recovery Ledger’s CEO Claims New Key Recovery Service Streamlines Crypto Self-Custody Amid Ongoing Controversy

Crypto hardware wallet provider Ledger believes its recently-launched “Recover” product makes self-custody easier.

30.05 / 12:27

Blockchain Cybersecurity security TRON Multisig vulnerability Security firm discovers $500M vulnerability in Tron multisig accounts

A research team at dWallet Labs has discovered a zero-day vulnerability in Tron multisig accounts, allowing an attacker to bypass the multi-signature mechanism and sign transactions with a single signature.

30.05 / 12:27

Ethereum defi Hackers hacks Cybersecurity security Deal Jimbos Protocol offers deal to hacker, threatens police action

The team behind exploited decentralized finance (DeFi) app Jimbos Protocol has offered a deal to the app’s exploiter: Keep 10% of the funds and return the other 90%, or face prosecution. Otherwise, the team “won’t stop” until the attacker is “behind bars.” The proposed deal was disclosed in a May 28 tweet by the Jimbos team and posted to the Ethereum network.

30.05 / 12:27

Blockchain Ethereum security Scalability DAO Silver Hybrid rollups: The silver bullet for scalability and security on Ethereum

Graphic designers have an old saying: “Your project can be fast, cheap or good — pick two.” It’s a classic trilemma. Rushing to create something might mean it’ll be delivered quickly, and therefore less expensive. Then again, the end product could be disappointing. If customers go the “cheap and good” route instead, they’re willing to wait a while — it’s going to take time, and projects that pay better will be prioritized.

30.05 / 12:27

business defi Hackers hacks Web3 Cybersecurity security Two key security practices for Web3 startups from Israel Crypto Conference

Security continues to be one of the Web3 space’s most important and relevant matters, as protocols and enterprises continue to face exploits.

30.05 / 10:17

Ethereum Binance Hack security DAO Tornado Cash BNB Chain Binance Resumes TORN Deposits, Moves Tornado Cash into Innovation Zone as New Proposal is Passed – Here's the Latest

Major crypto exchange Binance reopened TORN deposits following the attack on the privacy-focused crypto mixer Tornado Cash DAO.

29.05 / 13:35

business Blockchain Technology Ethereum Adoption security Bitcoin recovery Ledger CEO says crypto key recovery service makes self-custody easier

Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase.

28.05 / 13:05

Adoption regulation security Banks Central Bank AML banking Institutions seek detailed blockchain analytics for crypto adoption — Elliptic

As more institutions explore digital assets, the need for on-chain analytics platforms has never been higher.

28.05 / 09:45

Blockchain defi hacks security Tornado Cash governance control set to be restored as token votes approve proposal

The governance token holders of Tornado Cash will soon regain control over the protocol's operations, thanks to an unexpected proposal put forth by the individual responsible for the attack. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures.

27.05 / 14:13

Blockchain Stablecoin defi security Stargate community proposes removal of Fantom USDC pool to mitigate risks

Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent "force majeure" incident impacting Multichain and the stability concerns surrounding anyUSDC, Fantom's main USDC asset.

26.05 / 22:27

Ethereum NFT hacks Cybersecurity security Scams phishing The Sandbox CEO’s Twitter was hacked, used to promote alleged ‘airdrop’ scam

Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake “airdrop” phishing scam.

24.05 / 12:29

Blockchain privacy Cybersecurity security Federal Reserve Podcast Freedom Financial Financial surveillance, privacy and CBDCs: Why are governments going cashless?

When most people think of surveillance, they probably think of cameras on street corners, government agencies collecting emails, or smartphones and smart home devices listening to conversations. But there is another form of government and corporate surveillance that gets less attention but is just as prevalent: financial surveillance.

24.05 / 12:17

Technology Adoption security data Machine Learning Tech 15 Important data terms you should know

In today’s data-driven world, it’s essential to be familiar with key data terms to effectively navigate and make sense of the vast amounts of information available. Here are 15 important data terms to know:

24.05 / 10:45

Blockchain cryptocurrency regulation security BNY In Crypto Cybersecurity, Ambiguity May Help - Ex-BNY Mellon Exec

Leaving room in guidelines for interpretation and for a developing sector to self-regulate, grow, and change – instead of setting rigid laws to strictly follow – is likely the best choice for crypto cybersecurity regulation, said David Schwed former head of digital assets technology at banking giant BNY Mellon.

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