A huge corruption scandal involving Chinese loans backed by fake gold is pressuring its supporters to defend it against unforgeable Bitcoin. The Bitcoin (BTC) versus gold debate rages on this week as reports reveal fake bars fuelled a $2.8 billion corruption scheme. As Chinese media outlet Caixin reported on June 29 via Nikkei, a loans […]
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The University of California at San Francisco has paid a million-dollar ransom following unsuccessful negotiations with a ransomware hacker group. The University of California at San Francisco School of Medicine reportedly paid a $1.14 million ransom in cryptocurrencies to the hackers behind a ransomware attack on June 1. According to CBS San Francisco, the UCSF […]
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A new cryptocurrency hardware wallet stores private keys securely and fully isolated, while NFC technology enables authorization of transactions through a mobile device. Keycard is a new credit-card sized hardware wallet featuring near-field communication (NFC) to authorize cryptocurrency transactions. At launch, it features integration with combined private messenger/wallet/DeFi browser, Status App, although further integrations are […]
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The second part of a series of articles on the advantages and challenges in the usage of blockchain technology for collecting and sharing information, without violating users’ privacy. From a technical viewpoint, blockchain is a growing records list that is cryptographically tied to and managed by a peer-to-peer network. At the same time, they join […]
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The emerging distributed ledger technology industry has been threatened by various illicit activities. Here are some strategies you should know about to protect yourself. In August 2010, a bug in the Bitcoin network that allowed large transactions to be added to the ledger without proper verification was identified by a hacker. The hacker generated and […]
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A-Trust’s QualiSig project has received 60,000 euros of Austrian government funding to provide secure crisis communications between authorities and citizens. The Austrian government has backed a new blockchain-based research project, aiming to provide secure communication channels between authorities, institutions and citizens in times of crisis. As announced June 18, the QualiSig project, launched by Austrian […]
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Blockchain cybersecurity firm Unbound Tech launched a new login solution meant to enable businesses to go passwordless. Blockchain cybersecurity firm Unbound Tech launched a new login solution meant to enable businesses to go passwordless. According to an announcement on June 17, Unbound Tech’s new identity solution removes the dependence on traditional authentication methods with a […]
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The video conference app will launch its end-to-end encryption in July 2020 in a beta stage for both free and paid users. On June 17, the popular video conference app, Zoom, officially announced that end-to-end encryption, or E2EE, has finally arrived for their software. It will be provided to both free and paid users, so […]
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Civil lawsuits against telecom providers such as AT&T are becoming commonplace as the number of SIM swap hacking scandals rises. On June 11, it came to light that California resident Richard Yuan Li had been charged with conspiracy to commit wire fraud for his role in a number of SIM swap attacks that targeted at […]
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Crypto custody firm Casa unveiled a new wallet that offers access without a seed phrase and gives users a way to check on their private keys. New York-based crypto custody startup Casa has released a new wallet for Bitcoin newbies and long-term HODLers. In a Casa blog post on June 13, the crypto firm that […]
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