Security Financial News

22.05 / 04:05

Blockchain defi Hackers regulation Cybersecurity security phishing Crypto hacks falling in Q1 is but a 'temporary reprieve' — Blockchain firm

The crypto community is being urged not to let their guard down despite a significant decline in crypto hacks during the first quarter of 2023 — with one firm warning it is most likely a “temporary reprieve, rather than a long-term trend.”

20.05 / 00:05

business wallet privacy Cybersecurity security LedgerX Bitcoin Wallet Users will decide if they can still trust Ledger with their seed phrases

Self-custody is important in crypto, and security is essential to self-custody. Ledger, a notable hardware wallet manufacturer, has built its reputation on the secure storage of users’ private keys. Hardware wallets create a secure offline environment for storing keys and using keys to execute transactions.

19.05 / 07:29

regulation security Derivatives Bitcoin Regulation TradFi Crypto should become a regular part of TradFi within 5-10 years: Exchange CEO

Crypto needs to establish itself as a “brand new” component of traditional finance, rather than try to squeeze itself into existing financial products, suggests the CEO of crypto exchange Bittrex Global.

18.05 / 22:01

Adoption wallet Cybersecurity security Hardware Wallet Private Keys Seed Phrase controversy Ledger clarifies how its firmware works after deleted tweet controversy

On May 18, crypto hardware wallet provider Ledger clarified how its firmware works after a controversial May 17 tweet was deleted by the company. The deleted tweet, which Ledger said was written by a customer support agent, had stated that it was “possible” for Ledger to write firmware that could extract users’ private keys.

18.05 / 09:37

ETF regulation SEC security Grayscale Bitcoin Bitwise Grayscale and Bitwise distance themselves from Ether futures ETF plans

Two prominent crypto asset managers — Grayscale Investments and Bitwise Asset Management — have halted their Ether (ETH) futures exchange-traded fund (ETF) plans amid growing scrutiny from United States regulators.

17.05 / 09:37

Blockchain Telegram privacy Cybersecurity security Messaging App Exploit Telegram addresses camera exploit, points to Apple macOS security permissions

Messaging application Telegram has played down the severity of an discovered exploit that allowed researchers to gain access to camera systems of Apple macOS users.

16.05 / 15:45

Blockchain security Fraud Hardware Wallet Bitcoin ‘Trusted seller’ vends fake Trezor wallets stealing crypto: Kaspersky

Amid the rising popularity of hardware cryptocurrency wallets, the Russian cybersecurity firm Kaspersky has reminded users about the importance of using authentic crypto devices.

16.05 / 13:27

Libra Blockchain defi Hackers hacks Cybersecurity security BUG Libra-related Sui blockchain fixes critical bug that put ‘billions’ at risk

The Sui blockchain network quietly fixed a bug that could have put “billions of dollars” at risk, according to a May 16 announcement from Zellic, the security firm hired to audit the network’s security.

15.05 / 09:11

Technology Adoption privacy security vpn Tech How to use a VPN for online security and privacy

A Virtual Private Network (VPN) is a technology that establishes a secure and encrypted connection between your device and the internet. It creates a private network over a public network, such as the internet, allowing you to browse the web securely and privately.

12.05 / 20:57

Stablecoin Binance regulation security Binance calls it quits in Canada, blames new rules

Binance will withdraw from the Canadian market, the cryptocurrency exchange announced on Twitter on May 12. It called its withdrawal “proactive” as new guidance issued by Canadian regulators continues to take a toll on the country’s crypto industry.

12.05 / 14:13

Technology Adoption Cybersecurity security Fraud Cybercrime Tech How to protect your identity online

In today’s digital age, protecting one’s identity online is more crucial than ever. The internet has facilitated communication and information sharing between people, but it has also facilitated identity theft and the theft of personal data by hackers. This article will go through some practical strategies for protecting your online identity.

12.05 / 14:13

business Adoption wallet Cybersecurity security Mobile Wallet New tech could make crypto and Web3 wallets more convenient

The foundation of the Web3 ecosystem is the wallet, an app or browser extension that lets users verify their web identities and authorize transactions. But using a wallet has always involved a steep learning curve. New users must learn to copy down their seed words and store them in a safe place, create a strong password to encrypt their keystore file, copy addresses accurately when sending funds, and other things they may never have to learn when using a Web2 app.

11.05 / 13:07

business Ethereum Adoption wallet Cybersecurity security Bitcoin New wallet uses Amazon hardware security modules to eliminate seed words

A new crypto wallet has just launched in Apple’s App Store store that uses Web2 trickery to ensure users don’t need to interact with seed phrases or passwords.

10.05 / 15:43

business NFT hacks security ParaSpace team clashes with CEO over alleged whereabouts of protocol funds

On May 10, nonfungible tokens (NFT) financialization protocol ParaSpace published several alleged irregularities tying its CEO, founder, and CTO Yubo Ruan to the mismanagement of funds equaling 2,909 Ether (ETH) recovered through a white-hat interception that occurred on March 18. Ruan denied any wrongdoing, writing: "manufacturing claims with the intent to take over and force me to step down as CEO. This is highly problematic and the legal team has taken action."

06.05 / 05:45

Law regulation SEC security whistleblower SEC issues record whistleblower award of $279M

The U.S. Securities and Exchange Commission (SEC) has issued its largest-ever whistleblower award totaling $279 million.

06.05 / 04:55

cryptocurrency security Crypto exchanges Loan Money Hacks, exploits cause over $100 mn in crypto losses in April: Report

cryptocurrency was lost in the month of April this year due to crypto-related exploits, hacks, and scams, a report has shown. According to the blockchain and smart contract security company CertiK, the total funds hackers managed to drain in April from crypto projects was $103.7 million, bringing the total year-to-date loss to $429.7 million. Several significant crypto exploits occurred in April, resulting in significant losses in the industry. For instance, there was a $25.4 million loss due to an exploit of multiple MEV trading bots. In addition, Bitrue Exchange was the victim of a hot wallet exploit in which $22 million was stolen, plus, the South Korean GDAC exchange was hacked, resulting in a $13 million loss, according to the report.

05.05 / 03:33

defi wallet Altcoin security Scams Decentralized Exchange Smart Contracts Rugpull blockchain security firm Blockchain security firm freezes $160K stolen in Merlin DEX 'rugpull'

Smart contract auditor CertiK claims to have blocked $160,000 from Merlin, a zk-Sync-based decentralized exchange (DEX) which has been the center of a rogue insider "rugpull" that lost users $1.8 million last week.

04.05 / 11:15

Blockchain regulation SEC coinbase security Digital Asset SEC has 10 days to respond to Coinbase complaint: Legal exec

According to a May 4 announcement from Coinbase chief legal officer Paul Grewal, the United States Court of Appeals for the Third Circuit responded to the complaint against the U.S. Securities and Exchange Commission (SEC) regarding the need for clear rules for trading digital assets. This marks a development in the legal battle for regulatory clarity.

04.05 / 02:01

business Facebook Adoption security Scams ChatGPT and AI the newest vector for malware: Meta security team

Artificial intelligence tools, such as ChatGPT, have become the latest way for “bad actors” to distribute malware, scams and spam — research from Meta’s security team warns.

01.05 / 03:11

Adoption Investments security us government Survey Bitcoin Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey

Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022, according to a survey by a United States financial regulator.

28.04 / 01:13

CFTC regulation SEC security us government SEC's Gary Gensler takes another swipe at crypto in educational video

Another swipe has been taken at the crypto industry by the chair of the United States securities regulator, who claimed many crypto platforms are operating in violation of securities laws.

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