Tag: Security

Much of the crypto community was appreciative of the crypto regulation bill that senators Cynthia Lummis and Kirsten Gillibrand tabled last week. However, a particular subset – especially diehard Bitcoiners – aren’t entirely happy with how it treats Bitcoin or altcoins. Mike Cargile Political candidate Mike Cargile believes the bill vastly understated the inherent potential of Bitcoin. By forcing it to be under the government of either the SEC or CFTC, he thinks it limits Bitcoin’s potential as a “currency.”…

Solidproof is among the most trusted blockchain security and smart contract auditing companies in the crypto market today. The Germany-based company has its objectives to fix the security and transparency issues smothering the crypto space. Unfortunately, as the industry attains more progress, so do the opportunities for bad actors to victimize honest investors. According to a yearly report on crypto crimes by Chainalysis, $14 billion of all transactions in crypto in 2021 were associated with scams or money laundering. These…

The Securities and Exchange Commission (SEC) remains hazy on which cryptocurrencies are “securities'', versus “commodities”. Even Ethereum isn’t out of the woods.    The SEC is notoriously slow at providing regulatory clarity for the crypto industry. Besides its strange hostility toward permitting a Bitcoin spot ETF, the commission refuses to classify which cryptocurrencies are securities. Instead, SEC chairman Gary Gensler continues to make vague statements on the matter that shake confidence in every altcoin holder. In a September conversation with…

Cryptocurrencies are slowly taking the lead in the financial sector. Ever since their initial introduction, investors have been able to earn a substantial amount of income. However, venturing into the world of crypto brings along its downsides, including the insecurity question. In most cases, insecurity is evident in cyber-related activities, whereby innocent investors get duped by cybercriminals.  Therefore, it becomes necessary for cryptocurrencies to enforce security measures to counter threats that users may face. By adopting some security features, the…

Blockchain, as we all know, is a chain of blocks but not in a literal sense; when we talk of “Block” and “Chain,” it is all about digital information that is the “block”  stored in a digital database, the “chain.” Blocks store information concerning transactions like time, date, and dollar amounts of the most recent purchase.  Cryptocurrencies are a form of micro or virtual currency running on a technology known as blockchain technology. You can owe this innovation coming into…

The digital world is continuously encompassing new social networking trends and garnering new fanbases. Facebook, for example, has, in recent years, introduced new features that have led to an upsurge in the number of users. There are over 2.5 billion monthly active accounts on the platform. Although vastly used, these platforms still face many challenges, one of them being security. Apollo fintech is working on launching a social networking platform that will wholly eradicate security concerns. The platform introduces Stratus,…

According to a local news report, two Italian high schools will start offering diplomas on Ethereum’s blockchain public technology. The digital diplomas will be easily shareable and unchangeable. The two institutions to offer digital diplomas are the International high schools of Villa Flaminia, in Rome, and the Institute of Higher Education “M. Ciliberto- A. Lucifero”, in Crotone. The first institution will depend on the EY company’s blockchain-based system, while the latter partnered with Blockchain Italia. How the Proposal is Beneficial…

A court in the US has ruled in favour of the SEC in a case it had filed against ICOBox and its founder cum CEO Nikolay Evdokimov. Reports indicate that The District Court of the Central District of California granted the U.S. SEC’s motion for default judgement against the defendants. The case first came before the court in September of last year. In its filing, the SEC accused ICOBox of hosting an unregistered securities sale. Further, it alleged that the…

Cryptocurrency got its name from the fact that it uses advanced coding and encryption to transmit data. It was created to remove reliance on banks and necessitate peer to peer payment transactions. Heavy encryption and coding are necessary to provide secure transactions for purely digital currencies. In fact, crypto transactions require a two-factor authentication process that makes it even harder for hackers to tamper with. However, even with the securities set in place, cryptocurrencies aren't entirely unhackable. One of the…