Monero Developers Consider Adopting New Proof-of-Work Algorithm in October

Privacy-centric cryptocurrency monero will reportedly switch to a new proof-of-work algorithm in October. Privacy-centric cryptocurrency monero (XMR) plans to switch to a new proof-of-work (PoW) algorithm in October. The new algorithm follows an agreement with permanent storage network Arweave, which will fund an audit of the new algorithm, an Arweave spokesperson told Cointelegraph via email […]

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Stellar’s Blockchain Briefly Goes Offline, Confirming the Project Lacks Decentralization

The Stellar network went offline for over an hour, raising concerns about decentralization. Recently, blockchain-powered network Stellar stopped confirming transactions for more than one hour, effectively going offline. Although no money was reportedly lost as a result, Stellar’s major issue has now been highlighted publicly: The project is not decentralized, at least not to the […]

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Cybercriminals Sneak in Crypto Mining Malware via Confluence Software Exploit

Cybercriminals are exploiting a known vulnerability in the software Confluence to mine XMR. Cybercriminals are now reportedly exploiting known vulnerability CVE-2019-3396 in the software Confluence, a workspace productivity tool made by Atlassian, according to a report by security intelligence firm Trend Micro Inc. on May 7. The exploit that has been developed allows cybercriminals to […]

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DAO Behind DAI Stablecoin MakerDAO Announces Critical Vulnerability in Voting Contract

The Decentralized Autonomous Organization behind the DAI stablecoin announced a critical security update to its governance contract. MakerDAO, the Decentralized Autonomous Organization (DAO) behind the DAI stablecoin, announced a critical security update to its governance contract in a Reddit thread published on May 6. Per the announcement, during the second round of security audits part […]

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Tron Discloses Critical Vulnerability Which Could Have Crashed Its Blockchain

The Tron Foundation has disclosed a fixed critical vulnerability which could have rendered its blockchain unusable. The Tron Foundation disclosed a fixed critical vulnerability which could have crashed its blockchain on vulnerability disclosure platform HackerOne on May 2. The disclosure explains that with enough malicious requests, an attacker could have filled up all the available […]

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