Category: security

'Internet of Blockchains' Platform, Cosmos Releases 'Critical Vulnerability': Report

The developers of Cosmos, a distributed ledger technology (DLT)-based platform for facilitating communication and transactions between separate blockchain networks, have published a comprehensive disclosure of a “critical security vulnerability” which was identified last month. Vulnerability Would Have Allowed Hackers to Bypass Penalties for Malicious Conduct The vulnerability found in Cosmos’ […]

Facebook’s Libra Cryptocurrency: A Technical Deep Dive

Facebook announced Tuesday that its highly anticipated cryptocurrency, Libra, will run on a blockchain network secured at launch by 100 distributed computer servers, or nodes. Twenty-eight node-running members are currently on board. The Libra blockchain will go live in 2020, with the Libra Association – a Switzerland-based non-profit – tasked […]

Tendermint Says Last Month’s Cosmos Vulnerability Exposed Security Loophole

The developers behind the Cosmos network released today a full disclosure of last month’s “critical security vulnerability” which reportedly enabled hackers to bypass certain penalties for misbehavior on the network. Zaki Manian, director at Tendermint Inc – the for-profit entity behind the core technology of the Cosmos network – detailed […]

South Korean Crypto Exchanges Update Terms of Service

Exciting times for South Korean bitcoin and altcoin investors as five local exchanges including Bithumb have revised their terms of service to make it possible for traders to get duly compensated should there be an unforeseen circumstance that leads to loss of funds, even if the security breach is not […]

Concerns Over Facebook Data Use Derailed at Least 3 Crypto Partnerships

Facebook’s GlobalCoin project, also known as Project Libra, may face significant hurdles as the social media giant works toward a prospective launch. Despite reports that Facebook is gearing up to reveal its new cryptocurrency as early as next week, a source with knowledge of Facebook’s operations said the project’s software […]

GateHub Releases PSA on Phishing Scam Targeting Its Ripple Wallet Users

Ripple (XRP) wallet and gateway-as-a-service provider GateHub has warned that there is a phishing scam campaign targeting its cryptocurrency wallet users, as per an announcement on June 13. According to the announcement, GateHub’s wallet users are being sent malicious emails from addresses that look like they are from GateHub: “@gatehub.com” […]

Trend Micro: Outlaw Hacking Group’s Botnet Is Now Spreading a Monero Miner

Cybersecurity company Trend Micro claims to have detected a web address spreading a botnet featuring a monero (XMR) mining component alongside a backdoor. The malware was described on Trend Micro’s official blog on June 13. Per the report, the firm attributes the malware to Outlaw Hacking Group, as the techniques […]

General Motors Leads $23M Funding Round for Spring Labs Blockchain Firm

United States-based blockchain startup Spring Labs has raised $23 million in a Seed A funding round, according to a press release on June 12. Spring Labs will purportedly use the funds to improve its blockchain-based platform Spring Protocol and develop three new fraud protection products that are designed to combat […]