Tag: Security

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…

Cryptocurrency whales are critical to the survival of blockchain-powered gambling apps, according to recent reports.  DappRadar pointed out that 80% of the value flowing through several decentralized gambling apps on the Ethereum, EOS and Tron networks comes from people with high net-worth. Benefits of  Whales to Blockchain-Powered Gambling Apps Whales exhibit outstanding sensitivity to nascent features on blockchain gambling apps and do not hesitate to leave one another when the likely returns change.  The report noted that without regard to…

Recently, ThreatFabric identified a new variant of the Cerberus Trojan. Cerberus Trojan steals 2-factor authentication codes produced by the Google Authenticator app for internet banking and crypto exchanges. ThreatFabric is a cybersecurity firm specializing in financial industry threats. As per the reports, Cerberus Trojan was identified in June 2019, thus taking over from the infamous Anubis Trojan as the significant banking malware. Nevertheless, the threat lacked features that could allow it to lower its detection. In mid-January 2020, reports noted…