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Mostrando las entradas etiquetadas como security

Standard Tokenization Protocol raises $7 million to bring compliance to tokenization

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Standard Token Protocol (STP), a firm hoping to bring transparency to the tokenization process, announced Wednesday it has raised a total of $7 million through the sales of its STP tokens. The fund was raised through two rounds from investors including Neo Global Capital, BlockVC, AlphaBit. STP develops an open-source standard for projects looking to tokenize their assets. The company highlights compliance, claiming that the protocol will ensure tokens fully comply with region-specific regulations and KYC requirements. Meanwhile, the firm’s STP tokens could be used to pay for issuance fees and compliance investigation or to be used for staking and governance on STP’s platform,  per the company’s white paper. STP’s offering of compliance-proof tokenization protocol seems timely as initial coin offerings (ICOs) regain momentum, with 109 offerings raising a total of over $236 million in April alone,  according to ICObench’s data .  However, the ICO sector is also no...

How blockchain outlines the digital transformation of utilities

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The adoption of blockchain technology in the energy sector will generate over $3 billion by 2025 owing to an increase in deployment in the power, oil and gas sectors, according to Global Market Insights. Worldwide, the deployment of blockchain technology in energy-related applications has become a trending subject of sorts among industry giants as well as the start-up investor community, with applications ranging from grid transactions, financing and transparency in supply chain.  Advancements in the technology have resulted from widespread efforts to replace outdated and less secure trading and documentation platforms through digital transformation. Blockchain is deemed ideal for the energy segment since it can enable the creation of automated, auditable and transparent records of generated power and its subsequent consumption. Even in the oil & gas industry, legacy systems are being overhauled for implementing more reliable and cutting-edge dig...

Crypto Exchange Binance Says It’s Revamping Security in Post-Hack Update

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By Yogita Khatri Cryptocurrency exchange Binance said it is revamping security measures after losing some 7,000 bitcoin worth over $40 million in a hack earlier this week. “Significant” changes related to its application programming interface (API), two-factor authentication (2FA) and withdrawal validation are being made, Binance CEO Changpeng Zhao said in a blog post published on Friday. The exchange did not disclose more details regarding these efforts, but said it is also improving its risk management and know-your-customer procedures to fight phishing, among other additional security measures at the back-end. Binance will take action of some of the measures within this week and in the coming weeks in order to resume services at the earliest, according to the post. Zhao said tentatively, the exchange is looking to resume withdrawals and deposits “early next week.” Binance will also be adding support for hardware-based 2FA devices such as YubiKey “very soon,”...

New technology can help ID criminals

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By Clay Neely Through the use of asset forfeiture, the Coweta County Sheriff’s Office has added another tool to help investigators identify possible criminals. Last week, members from the sheriff’s office began utilizing two new Data Works Plus Rapid-ID systems. The technology utilizes a smartphone to run fingerprints through a local database in order to reveal possible aliases, physical descriptions and possibly mugshots. If police believe someone is lying about their identity, or can’t produce a valid ID, the Rapid-ID will help determine who they are. The device can also be used to help identify a deceased person if needed. Results are returned almost instantly. When the information is captured by the device, it is compared against local and national databases. Similar technology for fingerprint identification has been around several years, but the capabilities of the Rapid-ID recently turned some heads at the sheriff's office. The devices were used during a pr...

Do you know how to protect your cryptocurrencies?

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Moris Beracha .- The bitcoins and the main cryptocurrencies in the market were designed with some important security patterns, which make them quite difficult to steal. The fundamental aspects of cryptocurrencies include protecting user privacy, avoiding asset theft and avoiding harmful practices such as double spending. However, there are some failures that are sought out by hackers, which allow them to take over and empty some accounts, leaving losses, in some cases, of thousands or millions of dollars. According to the Bit2me cryptocurrency and blockchain academy, about a billion US dollars in Bitcoin have been stolen to date. They recall the thefts in Mt Gt I and II, for a total of 769,408 bitcoins; the 173,655 bitcoins seized by the FBI when closing Silk Road; the robbery known as “Pony” Botnet, which stands out due to the number of machines involved, and which amounted to a total of US $ 220,000 in various types of cryptocurrencies that curren...

Ethereum Classic 51% Attackers Allegedly Returned $100,000 to Crypto Exchange

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ETC Wallpaper - Ethereum Classic Cryptocurrency By Adrian Zmudzinski | Cointelegraph     The Ethereum Classic 51 percent attacker has reportedly returned $100,000 to cryptocurrency exchange Gate.io, a post on the official exchange’s blog reports on Jan. 12. The company further noted that they tried contacting the attacker but didn’t get any reply until now, and that they do not know the reason why the funds have been returned. The exchange declared: “If the attacker didn't run it for profit, he might be a white hacker who wanted to remind people the risks in blockchain consensus and hashing power security.” A white hat hacker is a hacker with a strong professional ethic who uses his hacking abilities for good and not for personal gain. The jargon file , a staple of hacker culture, further explains: “The term white hat [stands] for an ally or friendly security specialist.” On Jan. 9, Gate.io published their analysis of the 51 percent attack, fi...