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SEC Chairman Gensler Comments on Bitcoin and Ethereum; Avoids Ethereum Security Classification
7.3.2024
Chairman of the U.S Securities and Exchange Commission (SEC) Gary Gensler has refrained from publicly disclosing the SEC's classification of Ethereum as either a security or a commodity. The SEC’s position on Ethereum could be a defining factor in whether or not the regulator would approve Ethereum...
Binance Receives Cyber Security Professional Award from Hong Kong Authorities
6.3.2024
The Hong Kong government recognized Binance with the Cyber Security Professional Merit Award, highlighting its efforts to safeguard users in the dynamic Web3 landscape.
The post Binance Receives Cyber Security Professional Award from Hong Kong Authorities appeared first on Cryptonews
Digital Assets Innovation Needs to Balance Decentralization and Security
6.3.2024
The immaturity of security controls in DeFi is a challenge for institutional adoption. Here’s how to address that
Peckshield: Cryptocurrency Hackers Stole Over $360 Million in February
6.3.2024
Cryptocurrency hackers stole over $360 million during February, almost doubling the amount stolen in January. According to Peckshield, a cryptocurrency and blockchain security firm, the largest hack event in February involved a security breach in Playdapp, a Web3 gaming platform, that lost $290...
‘Criminal Geniuses’ Admit Fortnite Hack Was A Total Hoax
5.3.2024
Last week, reports broke that Fortnite maker Epic Games had allegedly been the victim of a hack, with a supposed ransomware group claiming it had snagged 200 gigabytes of internal data. Almost immediately, however, Epic announced that it had no evidence any such hack had taken place. Now, it turns...
Omni Network Signs $600M Restaking Deal With Ether.Fi to Enhance Security
4.3.2024
Liquid restaking protocol Ether.Fi will commit $600 million worth of ether {{ETH}} in a delegation deal to secure the Omni Network
DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report
1.3.2024
A report sent to Cryptonews by web3 app and antivirus solution De.Fi noted that $82,287,101 was lost in February 2024 from security incidents, with just $1,325,932 recovered.
The post DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report appeared first...
Coinbase Unveils Two New Wallet Solutions Aimed at Easing Crypto Onboarding
29.2.2024
Coinbase has unveiled new smart and embedded wallet features, aiming to simplify the crypto onboarding process. These wallets address user experience challenges and introduce recovery options, setting a new standard for security and usability in the industry.
The post Coinbase Unveils Two...
Over 70% of Crypto Users Have Never Lost Assets to Phishing or Hacks: Survey
29.2.2024
A WalletConnect survey published Thursday found that more than 72% of crypto wallet owners in the US and UK said they've never experienced losses from phishing or hacks.
The post Over 70% of Crypto Users Have Never Lost Assets to Phishing or Hacks: Survey appeared first on Cryptonews
Crypto Exchange Bitforex Suspends Withdrawals Following $56.5M Drain From Hot Wallets
27.2.2024
Bitforex, a centralized cryptocurrency exchange, abruptly halted user withdrawals. This sudden action occurred just moments after a reported $56.5 million was removed from the platform’s hot wallets. According to online crypto investigator Zachxbt, the Bitforex team has ceased all communication...
Kyberswap Hack: Blockchain Security Firm Reports Movement of 800 ETH From Exploiter’s Address
26.2.2024
Blockchain security firm Peckshield revealed on Feb. 26 that an exploiter labeled address associated with the Kyberswap hack had bridged approximately 800 ether tokens from Arbitrum to the Ethereum blockchain. On the same day, the Kyberswap team unveiled revised dates for reimbursing users impacted...
Is Crypto a Security? South Korean Courts Can’t Decide – and It’s Causing Legal Backlogs
26.2.2024
“Is crypto a security?”– South Korean courts cannot seem to decide on the answer, and a new report claims the conundrum is causing a legal backlog.
The post Is Crypto a Security? South Korean Courts Can’t Decide – and It’s Causing Legal Backlogs appeared first on Cryptonews
Coinbase on Grayscale Ethereum Spot ETF Application: “ETH Is a Commodity, Not a Security”
24.2.2024
Coinbase has answered the SEC request for comments on the proposed rule change to list the ETH Grayscale Fund as a spot ETF. Coinbase stated that ether was a commodity, and its status has been publicly recognized in a variety of circumstances by U.S. agencies and courts. Coinbase Supports Ethereum...
Concerns Raised as Scam-as-a-Service Provider Registers as UK Business Entity
23.2.2024
The team behind a crypto wallet draining scam-as-a-service has registered as a private business in the UK, according to a tweet yesterday by blockchain security company Certik. #CertiKSkynetAlert ???? CryptoGrab – provider of the Nova wallet drainer – recently registered as a private company in...
Study: Blockchain Investment Leads in Performance Among Cybersecurity Startups
23.2.2024
A new study put together by Swiss researchers has declared blockchain the best performer in cybersecurity startups, beating out heavyweight fields like Artificial Intelligence and cloud services for the top spot. The study, titled “Measuring the performance of investments in information...
What strategies and challenges exist for improving security in Crypto iGaming sector?
23.2.2024
The cryptographic iGaming industry offers both unique opportunities and challenges when it comes to enhancing security. A comprehensive strategy is essential to strengthen security measures in this field. Employing advanced encryption methods and secure wallet systems can effectively protect...
Japanese Mega-firms Mitsubishi UFJ, Rakuten, Mizuho to Launch Security Tokens Offering
23.2.2024
Security tokens are set for a boost in Japan, where business giants including Mitsubishi UFJ, Mizuho Bank, and Rakuten will launch an offering that pays interest in “electronic money.”
The post Japanese Mega-firms Mitsubishi UFJ, Rakuten, Mizuho to Launch Security Tokens Offering appeared first...
Security Concerns and High Transaction Costs Top Obstacles to Mainstream Web3 Adoption: Report
22.2.2024
Web3 is ripe for mainstream adoption but there are still a few challenges that need to be addressed before onboarding next billion users onto the next generation of internet built on the blockchain technology, as per a recent survey report by Web3Auth.
The post Security Concerns and High...
Turkey’s Legislators Meet Stakeholders to Discuss Crypto Regulation, Pledge Security and Innovation in Draft Law
21.2.2024
Turkey’s legislators met with digital asset stakeholders in a consultative meeting to discuss incoming crypto market rules.
The post Turkey’s Legislators Meet Stakeholders to Discuss Crypto Regulation, Pledge Security and Innovation in Draft Law appeared first on Cryptonews
MetaMask Launches Real-Time Security Alerts on Major Chains
20.2.2024
MetaMask's security alerts now cover Ethereum, Linea, BNB Smart Chain, Polygon, Arbitrum, Optimism, and Avalanche. The system proactively warns users of potential threats during transactions. This feature has a proven track record, including successful protection during the Vitalik Buterin phishing...