Blockchain Startups Suggest New Approaches to Counter Cyberattacks and DNS Poisoning
Banks, financial institutions, government agencies and large corporations are still struggling to deal with cyber attacks and DNS poisoning, that often lead to billions of dollars in losses every year. Several Blockchain startups are attempting to solve the Internet’s vulnerability issues by integrating an immutable and public ledger into the Internet’s existing framework. Nebulis eliminates DNS poisoning. Nebulis, a Blockchain startup founded by Philip Saunders, utilizes the Interplanetary File System (IPFS) and the Ethereum Blockchain to create a decentralized version of the Internet.....
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Obtaining Bitcoin needs to be made a whole lot more convenient. Enthusiasts in Australia are tackling this problem, by letting consumers purchase cryptocurrency over-the-counter at their local newsstand “soon.” Buy Newspapers & Bitcoin in One Place. Two Australian startups have come up with an over-the-counter solution that makes obtaining Bitcoin as....
Boost VC has released new figures about its investments in startups focusing on bitcoin and the blockchain. The San Mateo incubator, which has pledged to invest in 100 industry startups through 2017, revealed in a Medium post this week that it has invested in 52 bitcoin and blockchain companies since its founding in 2012. According to figures provided to CoinDesk by Boost, bitcoin and blockchain startups have so far raised $52 million, compared to the $86 million across companies in all of its target sectors. The figures suggest bitcoin and blockchain startups have so far captured 60% of....
In a move that could potentially boost bitcoin usage in the country, two Australian tech startups will set out to launch an over-the-counter platform for selling bitcoin for everyday consumers. An endeavor to make bitcoin more accessible and usable will see 1,200 newsagents (small retailers and newsstands) across Australia selling the cryptocurrency over the counter. This feature will mark the first time that Australians can fundamentally purchase bitcoin, with cash, over the counter. According to the Australian Financial Review, all 1,200 newsstands will be fitted with an iPad that....
Former Federal Reserve chairman Ben Bernanke offered both muted praise and criticism when discussing bitcoin in a new interview, suggesting that government oversight of blockchain transactions could counter perceived risks. Speaking toQuartz, Bernanke said that bitcoin is "interesting from a technological point of view", pointing to wider developments in the emerging payments space. "We're in a world where the payments system is evolving quickly and new approaches to managing payments are proliferating, and some of the ideas around bitcoin will no doubt be useful in doing that," he told....
On Sunday afternoon at the Money20/20 conference in Las Vegas, a cybersecurity panel discussed challenges facing financial services organizations in preparing for or responding to malicious cyberattacks. Sharing information on ransomeware attack management, panelists argued, is a near necessity for financial services organizations. With organizations facing increasing risk from swarm-like cyberattacks and associated ransom payment demands, panelists urged for organizations to proactively prepare for and manage response strategies to a cybersecurity breach incident. Collaboration on....