Binance CEO Changpeng Zhao takes issue with Justin Sun’s characterization of the Steem takeover as an ‘upgrade’. Binance CEO Changpeng ‘CZ’ Zhao is distancing himself from Tron founder Justin Sun over what has been described by some as a ‘hostile takeover’ of the Steem blockchain. Sun claimed that these reports were “misleading” and that “We […]
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In what seems as one of the biggest crypto dramas of 2020, community seems to have the upper hand. The scandal surrounding the Steem blockchain continues to unfold. After juggernaut exchanges Binance, Huobi and Poloniex were heavily criticized by community members for allegedly mobilizing customer deposits to take over the network, two of those firms […]
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In a major privacy breach, the usernames and passwords of more than a quarter of a million Trident Crypto Fund customers have been stolen and published. In a major privacy breach, the usernames and passwords of more than a quarter of a million Trident Crypto Fund customers have been stolen and published online. Technical director […]
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According to Chainanalysis’ latest report, there were over $1 trillion worth of crypto transactions in 2019 with only 1.1% percent of them being illicit. According to Chainalysis’ March 5th webinar, over $1 trillion worth of cryptocurrency transactions took place in 2019 with only 1.1% of them being illicit. Source: Chainalysis Diminishing of darknet markets Overall, […]
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Huobi has posted a statement admitting that it used customer funds to vote with Justin Sun in a bid to remove Steem’s blockchain validators. Four former witnesses have been voted back onto the council of 20 nodes that underpin the Steem blockchain. Their reinstitution follows the withdrawal of votes from major exchanges Binance and Huobi […]
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Binance has reversed its vote in what appeared to comprise a coordinated move to take over the Steem blockchain to the benefit of Tron’s Justin Sun. On March 3, Binance CEO Changpeng Zhao announced that the exchange had removed its votes that contributed to a sudden shift of control over the Steem blockchain. Earlier today, […]
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A case filed in the United States District Court last year alleges two people stole $250 million worth of virtual currency. Cryptocurrency companies may constantly be trying to improve their usability and security, but when there’s a weakness for hackers to exploit, they go big or go home. According to court documents released by Seamus […]
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Big Four accounting firm KPMG issued a new report on crypto assets, estimating that more than $9.8 billion in cryptocurrency has been stolen by hackers since 2017. Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 […]
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Cybersecurity Experts weigh in on the most secure phone models and 2FA schemes, warn against biometrics. Speaking at the RSA Conference in San Francisco, cybersecurity experts Aaron Turner and Georgia Weidman discussed two-factor authentication and biometrics as means to securing one’s phone. Although they concur that the two-factor authentication is the way to go, there […]
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Do blockchain and data security have a mutual relationship or is it not as secure to use blockchain when it comes to storing data? In November 2019, security firm Risk Based Security called last year the “worst year on record” for breaches, with almost 8 billion records affected. Third-party control over personal data makes privacy something […]
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