Israeli Firm Develops Tech Allowing Crypto Users to Retrieve Funds Sent in Error

Blockchain startup Kirobo says its technology can prevent the loss of cryptocurrency caused by human error when sending what are normally irreversible transactions between wallets. The firm’s Retrievable Transfer feature works by building a new layer onto existing blockchain protocols. Users then have the ability to “cancel” a transaction sent to an incorrect cryptocurrency wallet […]

Continue Reading

Blockchain’s Once-Feared 51% Attack Is Now Becoming Regular

Monacoin, bitcoin gold, zencash, verge and now, litecoin cash. At least five cryptocurrencies have recently been hit with an attack that used to be more theoretical than actual, all in the last month. In each case, attackers have been able to amass enough computing power to compromise these smaller networks, rearrange their transactions and abscond […]

Continue Reading

A Long-Secret Bitcoin Key Is About to Be Revealed

A long-held bitcoin secret is about to be revealed. No, it’s not the identity of Satoshi Nakamoto, it’s a private key the cryptocurrency’s creator entrusted to several bitcoin developers that activates the protocol’s so-called “alert system,” once used to flash a text warning to those running the software in case something happened that could impact […]

Continue Reading

Exploit During ETHDenver Reveals Experimental Nature of Decentralized Finance

DENVER – Decentralized finance (DeFi) project bZx has suffered an attack in which a hacker successfully gamed multiple DeFi protocols to extract $350,000 from the platform, about 2 percent of the assets under management. In response, the company took down its lending and trading protocol Fulcrum at 7:00 UTC. The company was presenting at ETHDenver […]

Continue Reading

Hardware Is Hard: Two Blockchain Devices Win Plaudits at CES 2020

LAS VEGAS — In tech there’s an old adage: “hardware as hard.” It’s much easier to prototype and test a product when a mistake can be fixed by deleting and rewriting a few lines of code. At the Consumer Electronics Show (CES) in Las Vegas this week, though, two crypto companies are leading with atoms […]

Continue Reading

Crypto-Mining Attacks Fell Sharply in 2019 but Ransomware Is Trending: Kaspersky

In the cat-and-mouse game between hackers and users, less-lucrative crypto-mining malware fell out of favor this year. While security experts at Kaspersky found that the number of “unique malicious objects” rose by 13.7 percent – led in part by a 187 percent increase in so-called web-skimmer files, malware designed to steal credit card information – […]

Continue Reading

From Banking Giants to Tech Darlings, China Reveals Over 500 Enterprise Blockchain Projects

The Takeaway: More than 500 blockchain projects have been registered with the Chinese government since March. The filings reveal some of the largest Chinese banks and tech companies working with the technology. Several government offices, including courts and tax bureaus, are testing blockchain platforms to execute administrative tasks, the filings show. Chinese president Xi Jinping […]

Continue Reading

Hackers Launch Widespread Botnet Attack on Crypto Wallets Using Cheap Russian Malware

With millions of dollars cryptocurrency stolen from crypto wallets every year, security researchers were surprised to find one active botnet being run for about $160. The bargain Trojan malware is called MasterMana Botnet, which uses mass mailing to send phishing emails with attachments containing malicious code to crypto investors. Once someone clicks on the email, the […]

Continue Reading

Emsisoft Releases Bug Fix for Bitcoin-Ransoming Malware WannaCryFake

Software firm Emsisoft released a bug fix for the bitcoin-ransoming malware WannaCryFake. Announced today in a blog post, the free software will help recover encrypted files without leading to data loss. Unlike real crypto-mining exploits, ransomware is dependent on extortion to reap a reward. Ransomware attacks increased 118 percent in 2019, equaling 504 new threats […]

Continue Reading