How The Blockchain Can Resolve Mass Data Hacking
Data breaches have become a going concern amongst the users of the internet. With reports in recent times from institutions such as the U.S. State Department, the U.S Postal Service and the National Oceanic and Atmospheric Administration of cyber attacks and their computer systems being breached, the quest to resolve cyber security issue becomes increasingly popular as the perfect technology to protect the data of internet users has yet to be found. Could the Blockchain be the ultimate solution to preventing mass data hacking? The Blockchain is seen as the main technological innovation of....
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Bitcoin transactions have been appealing mostly due to their anonymous nature, but recent reports revealed that spyware firm Hacking Team has been tracking activity on bitcoin wallet sites. Security news provider CSO reported that hackers have been able to access a large cache of files including internal emails, payment invoices and product descriptions. Hacking Team is a notorious spyware group based in Italy that has been known for providing technology that enables hacking, mass surveillance and data collection. It has also been associated with repressive governments. Bitcoin Wallets....
Data from blockchain analytics firm Chainalysis shows that October is “the biggest month in the biggest year ever for hacking activity.” The firm added that crypto hackers have grossed over $3 billion across 125 hacks so far this year. Crypto-Hacking Activity Soars in October Chainalysis shared some crypto-related hacking statistics Wednesday. The blockchain data analytics firm explained that back in 2019, most hacks targeted centralized exchanges. However, a vast majority of targets are now decentralized finance (defi) protocols. Chainalysis wrote: After four hacks yesterday,....
The new Hungarian criminal process law will make it possible to confiscate Bitcoins and other virtual currencies from suspects even in the early stages of the criminal process. Experts say the new rule proposal, which was made available for reading in February is in accordance with the international AML (anti-money laundering) regulations, even in the field of cryptocurrencies. Mass surveillance. According to experts, the passing of the bill will fundamentally change the face of the criminal process and will make mass surveillance legal in Hungary. The authorities will be able to use....
The blockchain ecosystem is always in need of more developers who want to push a fresh spin on the concept of distributed ledgers. Despite several conferences and development workshops around the world, it is rather difficult to attract coders on a larger scale. A new solution by Uber, which gamifies the aspect of hacking challenges, might be something to take note of by Bitcoin and blockchain companies. Hacking Challenges Through Games. Scouting for new developer talent is not an easy task, but there are certain tools to make life a bit easier for companies. Hacking challenges are an....
The growth of the cryptocurrency industry has raised many concerns. They range from security and scalability, on-boarding newbies, trust-less custody and order matching on exchanges to overall user experience, and to achieve mass adoption of cryptocurrency, there’s a need for third generational exchanges to resolve these issues.
Cryptocurrency and blockchain technology keeps evolving and changing to suit users’ needs.
Decentralized exchanges are revolutionary and essential parts of this evolution, offering users privacy, security, and sovereignty over....