Security Financial News

27.04 / 23:51

regulation SEC coinbase security Coinbase execs respond to SEC's Wells notice in person and on video

Executives of cryptocurrency exchange Coinbase took their company’s regulatory issues to the public on April 27, with chief legal officer Paul Grewal speaking at Consensus 2023 and appearing with CEO Brian Armstrong in a video released on YouTube.

27.04 / 11:29

security Bitcoin Community Bitcoin Bitcoin advocate cracks known 12-word seed phrase in minutes

A systems architect cracked a seed phrase and won a 100,000 Satoshi bounty, or 0.001 Bitcoin (BTC), worth $29, in just under half an hour. Cointelegraph spoke to Andrew Fraser in Boston, who underscored how critical it is to keep a Bitcoin wallet seed phrase secure and offline.

26.04 / 16:51

Ethereum SEC coinbase security us government Usd Coin Bitcoin SEC’s war on crypto: How far will it go?

The Securities and Exchange Commission (SEC), led by Chairman Gary Gensler, has been at the forefront of the United States' cryptocurrency crackdown. In the last few months, the agency has filed several enforcement actions against major crypto companies that allegedly violated security laws.

26.04 / 08:43

business Blockchain regulation SEC security Circle Usd Coin Circle CEO blames US crypto crackdown for declining USDC market cap

Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC).

26.04 / 06:47

business Google Cybersecurity security The danger with Google’s new cloud backup for 2FA authenticator

Google released an update for its popular authenticator app that stores a “one-time code” in cloud storage, allowing users who have lost the device with their authenticator on it to retain access to their two-factor authentication (2FA).

26.04 / 06:47

Blockchain SEC security us government ICO MIT Gary Gensler links crypto with cash in viral 2018 video — Crypto Twitter reacts

The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities.

24.04 / 14:53

Adoption defi DEX security Decentralized Exchange Decentralization Cake DeFi Trust, UX and security in DeFi: Redefining the yield ecosystem with Cake DeFi CEO

The first quarter of 2023 provided much-needed relief to the entire crypto community — from investors and miners to businesses and developers — as Bitcoin’s (BTC) bull sprints helped crypto market participants recoup losses from prior investments.

24.04 / 11:35

Blockchain regulation security Terra NOT LUNA token is not a security, rules S.Korean court in Terra co-founder case

A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as non-security under Korea’s Capital Markets Act.

24.04 / 09:27

defi Hackers hacks Cybersecurity security negotiations Hack negotiations: Why do platforms with ineffective bounty programs pay a higher price

In April alone, at least three incidents of hackers returning exploited funds were witnessed in the decentralized finance (DeFi) space. On April 4, the Euler Finance team was able to recover $176.4 million after offering the hacker 10% of the stolen funds.

24.04 / 04:27

business regulation security Tokens Court ERC-20 SEC wins $2.8M in suit over alleged crypto token price manipulation

A seven-month-long lawsuit between the United States securities regulator and a firm alleged to have manipulated the price of cryptocurrencies has come to a close with a $2.8 million payment.

21.04 / 13:01

Technology Adoption regulation Investments security European Union new cryptocurrency Ukraine plans to adopt EU’s new cryptocurrency regulations

Hot on the heels of the European Parliament passing the Markets in Crypto-Assets (MiCA) regulation, Ukrainian regulators have stated publicly that they will adopt the legislative package in their own country as well.

21.04 / 04:09

regulation SEC security SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ — Paradigm

Criticisms of the United States Securities and Exchange Commission (SEC) are mounting as the agency remains unrelenting in its war on crypto.

20.04 / 16:57

Binance regulation security Brazilian authorities investigate Binance for guiding clients past stop order: Report

Binance is under investigation in Brazil by the Federal Prosecutor’s Office and Federal Police, according to a report in Valor Econômico newspaper. The cryptocurrency exchange has allegedly been helping clients evade a stop order on cryptocurrency derivatives investments.

20.04 / 03:09

business Ethereum coinbase security Decentralization BaSe L2 A16z’s hyped-up orange balls revealed to be an L2 rollup client

A series of cryptic tweets depicting orange balls were revealed to be building up hype for a new rollup client for Optimism (OP) called "Magi" from the crypto arm of venture capital firm Andreessen Horowitz (A16z).

19.04 / 15:55

Ethereum defi Ethereum 2.0 coinbase security Smart Contracts layer2 network Coinbase’s Base network gets OpenZeppelin security integration

The OpenZeppelin Defender smart contract security platform has now integrated with Coinbase’s Base network, allowing Web3 app developers on Base to automate security tasks.

19.04 / 07:37

Ethereum Twitter Hackers hacks Cybersecurity security MetaMask Exploit MetaMask denies claims of wallet exploit in 'massive' $10M hack

Cryptocurrency wallet provider MetaMask has denied claims that an exploit of its wallet is the cause of a “massive wallet draining operation" that has claimed over 5,000 Ether (ETH).

18.04 / 20:27

Blockchain defi Hackers hacks Cybersecurity security SafeMoon hacker agrees to return 80% of stolen funds, says development team

The attacker who drained $8.9 million of Binance Coin (BNB) from SafeMoon has agreed to return 80% of the funds, according to an April 18 blockchain message from the SafeMoon team.

18.04 / 16:43

Blockchain Adoption Altcoin security Decentralization Scalability Validator Gnosis Chain spends $5M on validator incentive program for decentralization

Gnosis Builders, developer of blockchain network Gnosis Chain, has announced a $5 million project to increase the number and diversity of validators through incentive mechanisms. The new project is called “Gnosis VIP,” according to an April 18 announcement from the company.

17.04 / 19:41

Stablecoin regulation SEC security Congress All eyes are on stablecoins: Law Decoded, April 10–17

Last week came in preparation for April 19, when the United States House Financial Services Committee will hold a hearing on stablecoins. The hearing will include information collected by various federal government agencies over the last year. Among the participants are Jake Chervinsky, the chief political officer at the Blockchain Association, and Dante Disparte, the chief strategy officer of Circle.

17.04 / 17:53

Blockchain Ethereum defi Hackers hacks Cybersecurity security KyberSwap vulnerability KyberSwap announces potential vulnerability, tells LPs to withdraw ASAP

Kyber Network, developer of the Kyberswap Elastic decentralized crypto exchange, has announced on Apr. 17 that there is a potential vulnerability in the exchange's contracts. It has advised all liquidity providers to remove their funds as soon as possible.

17.04 / 17:11

Blockchain Conference privacy Web3 security Web3 security: How to identify the risks and use protection tools?

The Web3 space has completely revolutionized online interactions, but it is still not completely risk-free. While underlying technologies such as blockchain bring more resilience, Web3 has inherited many security risks from Web2. Moreover, it also faces new forms of attack.

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