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Binance Smart Chain Creates a $10 Million Bug Bounty Fund to Tighten Protocol Security
26.7.2021
The Binance Smart Chain has launched a $10 million bug bounty fund for projects building on top of the protocol, called “Priority One.” The initiative aims to keep the blockchain network secure by encouraging bug bounty hunters and ethical hackers. Binance Smart Chain Reveals...
Analyst Jim Cramer Calls Ethereum the ‘Pied Piper of Crypto’ but Won’t Add to His Position
26.7.2021
CNBC’s stock analyst and crypto investor Jim Cramer says he’s still bullish on his choice to invest in ethereum after removing bitcoin from his portfolio. Three days ago, Cramer tweeted that he’s “sticking with” his ethereum position “but not adding to it.”...
Web Features That May Not Work As You’d Expect
23.7.2021
As the web gets more and more capable, developers are able to make richer online experiences. There are times, however, where some new web capabilities may not work as you would expect in the interest of usability, security and privacy.…
The post Web Features That May Not Work As You’d...
SEC Chairman Outlines Regulation of Crypto Assets Relating to Security-Based Swaps
22.7.2021
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has clarified how cryptocurrencies falling under security-based swaps are regulated. He affirmed that platforms operating in the centralized or decentralized finance space are implicated by the securities laws....
SEC Chairman says cryptocurrency falls under security-based swaps rules
21.7.2021
More rules are coming for the cryptocurrency space, according to SEC Chairman Gary Gensler
Bitcoin security still a concern for some institutional investors
21.7.2021
Security of cryptocurrency custodial services is still among significant hurdles preventing institutional investors from buying crypto for the first time, new data suggests
USDC Operator Happy After Yellen Calls Stablecoins ‘National Security’ Concern
20.7.2021
Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse
At least one major stablecoin operator has welcomed the news that the American government is set to direct regulators to “act quickly” on fiat-pegged tokens.
In an official statement, the American Treasury Secretary Janet Yellen stated...
BlockFi Runs into ‘Security’-related Regulatory Problems in New Jersey
20.7.2021
Source: Adobe/Александр Бердюгин
Regulators appear set to continue ramping up their scrutiny of the crypto industry – with BlockFi, the major American crypto lending business, served with a cease and desist order by the Attorney General (AG) of New Jersey.
The AG is reportedly set to accuse BlockFi...
Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been a FIFA Bot Farm
18.7.2021
A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground crypto farm” found to date but media reports...
Judge allows Ripple to depose SEC official who decided ETH is not a security
16.7.2021
Bill Hinman could be called to testify on his 2018 comments regarding Ethereum’s security status
Hackers Ask Vice To Blackmail EA Games For Them
15.7.2021
Last month, hackers stole sensitive information from FIFA and Battlefield 2042 publisher Electronic Arts, including source code for the company’s proprietary Frostbite game development engine. Now, the hackers appear to be dumping pieces online to pressure EA into paying them off, according to...
SEC Charges Token Listing Website With Unlawfully Touting Crypto Securities
15.7.2021
The U.S. Securities and Exchange Commission (SEC) has charged a token listing website with unlawfully touting crypto securities. The site did not disclose that it was paid by the token issuers to profile their coin offerings. SEC Charges Website Touting Security Tokens Without Clarifying Which...
Blockchain security firm CertiK raises $37M to combat DeFi and crypto risks
14.7.2021
The Series B funding round was co-led by Coatue Management and Shunwei Capital, with participation from Coinbase Ventures
Thousands Of PS4 Pros Discovered In Warehouse Raid
12.7.2021
Ukraine’s Security Service (SBU) busted a cryptocurrency mining farm filled with racks of PS4 Pros for allegedly stealing electricity off the nation’s power grid, the spy agency reported late last week.Read more
Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date
10.7.2021
The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game...
Immunefi partners with Binance Smart Chain on bug bounties to secure BSC projects
9.7.2021
Binance is set to match bug bounties paid by Immunefi to white hat hackers that discover vulnerabilities in Binance Smart Chain projects
93K Users Scammed Into Buying Fake Cryptocurrency Mining Apps
9.7.2021
Thousands of users were scammed into buying fake Android cryptocurrency mining apps, according to a California-based security firm. These apps are advertised as a way of earning money via mining cryptocurrencies, but in actuality they don’t perform any function. Instead, they charge the user...
Former CFTC chair explains why regulators should approve a Bitcoin ETF
7.7.2021
“A Bitcoin ETF would be a way for retail investors to invest in cryptocurrency without having to actually purchase it and deal with the complexities of custody,” said Timothy Massad
Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks
7.7.2021
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain...
Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
7.7.2021
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...