The Lightning Network is susceptible to attacks that could drain Bitcoin wallets by flooding the blockchain. A study published on June 29 revealed a way to drain Bitcoin (BTC) wallets’ funds on the Lightning Network by exploiting a bottleneck in the system. According to the “Flood & Loot: A Systemic Attack On The Lightning Network” […]
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Speed, reliability and availability are the cornerstones of modern finance, and DeFi has the potential to enhance and even supplant traditional finance. When blockchain technology began to expand beyond Bitcoin (BTC) and into more general-purpose applications, many within the industry saw an opportunity to remake key financial infrastructure using this technology. They soon came to […]
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The Bitfury-powered blockchain for the Russian constitutional amendments was reportedly attacked over the weekend. Russia’s blockchain-based voting system for the constitutional amendments has reportedly been attacked via an election observer’s node. As reported by state-owned news agency TASS, the attack occurred on June 27 around 8 PM CET. A government of Moscow representative told TASS […]
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Even Vladimir Putin was not able to save this Dark Web mastermind who ran an elite invite-only cybercrime club. A Russian hacker was sentenced to nine years in prison by a U.S. court on June 26. The hacker, Aleksei Burkov, was previously considered to be of personal interest by Russian President, Vladimir Putin. Exclusive cybercrime […]
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CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking. As countries around the world dive into central bank digital currencies (CBDC), many in the crypto industry look forward to what that means for adoption and even lucrative partnerships to develop such tokens. However, at […]
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DraftKing reveals that a ransomware attack was behind the latest cybersecurity incident of SBTech. Fantasy-sports company, DraftKing Inc, recently filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC. This form indicates that SBTech, a company DraftKing Inc acquired, was hit by a ransomware attack in March. According to the […]
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A survey by Deloitte shows blockchain is increasingly becoming a priority among companies with a broad understanding of it. Auditing giant Deloitte’s latest survey shows that almost 40% of respondents from major technology companies worldwide currently have blockchain in production — and almost nine in ten think blockchain will become more important in the next […]
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Israel-based Sapiens reportedly paid in Bitcoins for a ransom requested during an attack that reportedly happened between March and April. An Israel-based company reportedly paid $250,000 in Bitcoin for a ransom payment demanded by hackers that threatened to shut down its systems after a ransomware attack. According to a source quoted by Calcalist on June […]
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The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round. South African blockchain peer-to-peer renewable energy platform Sun Exchange obtained a $3 million investment from Arch Emerging Markets Partners, thereby closing its $4 million Series-A funding round, according to a statement issued Monday. Sun Exchange allows international clients to buy […]
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Decentralized technologies can help to avoid jeopardizing citizens’ private data in the name of public health during the global pandemics. In an effort to keep citizens safe, state authorities have rapidly implemented various emergency plans to curb the spread of COVID-19. In South Korea, the movements of infected citizens are being broadcasted via public text […]
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