Report: Hackers have stolen over $22 million from Electrum users via fake software updates
Using a well-known scheme, hackers have stolen $22 million from users of the popular bitcoin wallet Electrum.
security
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How MIT’s 'Pool Detective' could help prevent attacks on blockchains
Mining pools and hash rental markets have made it easier to attack blockchain networks. MIT researchers say better surveillance is needed.
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Leaked documents detail how Coinsquare used automated tools to inflate exchange volume: report
Vice’s Motherboard published a report claiming cryptocurrency exchange Coinsquare has been inflating its trades.
Coinsquare CEO confirms client data was stolen by a former employee after report of SIM swap threat
Canadian crypto exchange Coinsquare said that an internal theft last year by a former employee resulted in personal information on some of its customers landing in the hands of a hacker or group of hackers.
Etana, a fiat funding provider for Kraken, reports data security breach
Etana Custody, a cryptocurrency custody provider for exchanges and traders, suffered a data security breach last weekend, according to a memo reviewed by The Block.
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Paxos cofounder explains why Wall Street's plumbing hasn't been ready for the coronavirus crisis
Paxos chief executive officer Charles Cascarilla talked financial crises and the potential role of blockchain during an appearance on The Scoop.
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Three key 'know your provider' (KYP) questions for digital asset security
Curv COO Josh Schwartz writes about the key questions to ask when considering a digital asset security provider.
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Zoom alternatives may not be more private: a look at videoconferencing apps’ encryption schemes
Zoom may not have end-to-end encryption, but neither do other videoconferencing apps.
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Fidelity-backed Fireblocks offers institutional clients access to Compound's lending protocol
Crypto security firm Fireblocks has integrated with Compound to let clients earn passive interest through the latter's lending protocol
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IOTA Foundation expects to reactivate network by March 2 following $2M user wallet attack
The IOTA Foundation said Thursday that it will reactivate the IOTA network by March 2 in the wake of a user wallet attack.
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BitGo acquires token platform Harbor to expand into the digital securities space
BitGo has acquired token sales platform Harbor to expand from a cryptocurrency custodian to a full-stack service provider for digital assets.
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IOTA Foundation pauses network, says between $300K and $1.2M worth of tokens stolen from users of Trinity wallet
The IOTA Foundation has paused the network amid an investigation into an attack that resulted in losses for users of the Trinity wallet software.
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Poloniex requires password reset after account information leak
Cryptocurrency exchange Poloniex has enforced a password reset on users whose email addresses and passwords were leaked on Twitter. In an email dated Dec. 30, the exchange said that “someone” posted a list of email addresses and passwords on Twitter and claimed that they could be used to log in to Poloniex accounts. However, the […]
If you build a blockchain, will anyone come?
Paul Brody is the EY Global Blockchain Leader, driving EY initiatives and investments in blockchain technology across consulting, audit and tax business lines. Blockchains thrive as network systems. They allow companies to manage and track assets and complex interactions across large business ecosystems. This technology has been long overdue, because while companies themselves have transformed […]
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Securitize acquires Japanese consultancy firm BUIDL
Security token platform Securitize has acquired Japan’s blockchain technology consultancy firm BUIDL to expand the company’s influence in Asia. Established in 2018, BUIDL advises digital security projects in Japan on how to grow revenues and build a presence in the market. Co-founders include Securitize shareholder Global Brain and the CEO of blockchain payment company Omise, […]
Crypto asset manager CoinShares snags broker-dealer license, a move experts say is to strengthen its US presence
CoinShares Capital, an entity that appears to be owned by European asset-manager CoinShares, is now a registered broker under the Financial Industry Regulatory Authority (FINRA). The FINRA website shows that the New York-based firm recently underwent a name change from Group Capital to CoinShares Capital, and the broker-dealer is now registered under CoinShares’ Chief Strategy […]
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New bipartisan bill would classify 'managed stablecoins' as securities
Facebook’s Libra, along with many other stablecoins, could be classified as securities and subject to increased regulatory scrutiny if a group of lawmakers get their way. Two members of the House Financial Services Committee, U.S. Reps. Sylvia Garcia (D-Texas) and Lance Gooden (R-Texas), on Thursday introduced new legislation called the “Managed Stablecoins are Securities Act […]
The SEC kicks Kik back or: How to lose friends, spend money and aggravate regulators
Link to motion to dismiss Link to joint discovery letter If you’re litigator or trial lawyer, sometimes people will call you and say they want a “junkyard dog” to go fight for them. Sometimes they are just mad and need to be talked down to earth. Sometimes what they mean is that they want someone […]
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CFTC Chairman: a commodity can become a security and vice versa
The Commodity Futures Trading Commission (CFTC) chairman Heath Tarbert confirmed that a security can turn into a commodity and vice versa. Tarbert made this remark on Monday at DC Fintech Week, when asked about a comment he made earlier this month that ether is not a commodity. At the conference, Tarbert emphasized that the Securities […]
Telegram agrees to voluntarily halt token sales for now; argues that Grams are not securities
Telegram said that it has agreed to stop selling and delivering its Gram tokens, and an injunction is thus not needed, although the Securities and Exchange Commission (SEC) wouldn’t budge. In a filing dated Oct. 16, the messaging app said the SEC refuses Telegram’s offer to voluntarily halt the token sales for now. Instead, the […]