Bitcoin isn’t property under new Russian ruling while authorities in the U.S. and the EU challenge encrypted networks in this week’s Law Decoded.
One of the most common questions pertain to the security of cryptocurrencies and if they are more secure than ordinary money. Cryptocurrency security is often promised to be pretty strong, but news about cryptocurrency security indicate quite the opposite. Thefts are executed in a lot of different ways. All the largest thefts happened after cryptocurrency exchanges are hacked, including famous cases like Mt. Gox, with $350 million of Bitcoin stolen, and the Coincheck hack, with $400 million of NEM tokens stolen. Cryptocurrency security is also vulnerable within its own blockchain, the best example of which happened with The Dao event that led to the theft of $50 million ETH. Thefts can also happen in more traditional ways, such as getting access to a user’s private wallet key, physically forcing user to send funds to some account or using different fraud schemes that make users lose their money.
The former CFTC chair’s analysis stating that Ripple’s XRP is not a security might be wrong.23121
BRD, Ledger Live, and Edge are among the wallets vulnerable to a new double-spend exploit, but some believe the vulnerability is inherent to Bitcoin itself.5918
A report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility.5364
According to one of the world’s leading cryptographers, Bitcoin’s elliptic curve could have a secret backdoor, invalidating all underlying security.13421
Crypto data platform CoinGecko has partnered with cybersecurity firm Hacken to incorporate the security of crypto exchanges into its Trust Score metric.4234
Scientists in China managed to exchange a crypto key at a distance of over 1,000 kilometers, could this lead to hackerproof cryptography?10413
New findings show a major domain provider as a focal point for massive global spying.6139
A bill that would outlaw end-to-end encryption for technology companies was proposed by three Republican senators; meanwhile, Ava and Cardano would not yield.7434
Telegram’s built-in contact import feature was exploited to leak the personal data of millions of users onto the darknet.10674
A new cryptocurrency hardware wallet stores private keys securely and fully isolated, while NFC technology enables authorization of transactions through a mobile device.3472
Many DeFi smart contracts can withdraw unlimited amounts of money from user wallets, potentially spelling disaster.6170
The third part of a series of articles on the advantages and challenges of the usage of blockchain technology for collecting and sharing information, without violating users’ privacy.3495
John Cantrell ensures people that Bitcoin is still safe despite the fact he successfully hacked a Bitcoin wallet.10480
The second part of a series of articles on the advantages and challenges in the usage of blockchain technology for collecting and sharing information, without violating users’ privacy.2650