EY said it chose Ethereum instead of a private network as it is cheaper, more confidential and prevents a party from gaining a “strategic advantage” over another.
Security News
Blockchain and cryptocurrency security is essential. After all, an autonomous monetary system can only go so far if it can be easily exploited by hackers, rendered inoperable through a mere software bug, or shut down by the powers that be.
Bitcoin’s unique security model is possible through a clever alignment of incentives between the network’s stakeholders — miners, developers, merchants and users. Any attempt to capture the network or reorganize the chain would result in the value of the currency plummeting and thus render any intended benefit completely worthless. The cost of being a bad actor significantly outweighs any possible reward.
Thus, it is in every participant’s best interest to simply play by the rules and collectively work toward the maturation and adoption of the Bitcoin (BTC) ecosystem.
Since its launch in January 2009, the Bitcoin network has never been compromised at the base layer and has had virtually 0% downtime, making it one of the most secure computer systems on the planet.
Cryptocurrency wallets, applications and exchanges that build products and services atop Bitcoin and other crypto networks, however, have frequently been the target of hacks and scams, highlighting the ongoing need to establish best practices around cybersecurity and operational security.
- 1923
The Security Alliance said it’s helped to recover $50 million since it formed, and now it has launched a tool to assist in fighting crypto hacks in real time.
788The 2022–2023 period saw several bad actors wiped from the cryptocurrency industry, none bigger than FTX’s Sam Bankman-Fried.
6378The firm’s CEO, Eowyn Chen, shared a screenshot of the supposed “high-risk” exploit being sold on the dark web for a whopping $2 million.
38324Tackling the long-standing issue, this platform allows for decentralization, security, and scalability to have a place together.
16420Local crypto exchange in Bosnia and Herzegovina addresses regulatory challenges and boosts crypto literacy to foster safer trading environments.
6206U.S. regulators have yet again injected uncertainty into the crypto markets by assessing whether Ethereum is a security. What are the effects for crypto investors?
3131The rapid expansion of blockchain technology presents opportunities and challenges in scalability and user navigation within an increasingly fragmented ecosystem.
19998The potential Telegram vulnerability can be avoided by disabling the automatic downloading of media files on Telegram Desktop, but Telegram rates the threat as likely to be a hoax.
8651The April 8 delay decision impacts proposed options trading on spot Bitcoin ETFs on the New York Stock Exchange, namely those from Bitwise and Grayscale.
12573The Deutsche Börse subsidiary is the only central securities depository taking part in the first phase of digital euro preparations.
8169As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
1008Dmail co-founder Daniel James explains why email needs to be decentralized.
3283CertiK co-founder Ronghui Gu urged the community to “proactively prepare” for cyberattacks as the crypto market grows.
1200SlowMist urges transparent DAO operations amid recent transfers, sparking questions about fund destinations.
1522