The EU is Now Targeting “Unpermissioned” Blockchains
The EU has recently been very active in attempting to regulate digital currencies, including bitcoin. Last week, Bitcoin.com reported on the European Parliament’s proposal to amend the EU’s fourth Anti-Money Laundering Directive (AMLD), tackling digital currency anonymity. Now, a different proposal submitted by Parliament members is targeting specific....
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Small blockchains/coins are being targeted by a novel 51% attack that is holding these fledgling cryptos infrastructures hostage. Extorting Blockchains via 51% Attack. The attackers, calling themselves the “51 crew” are overpowering small blockchains with more hashing power and by DDoSing other nodes. It seems as though the attackers are specifically targeting Ethereum-based blockchains as the cryptocurrencies, Krypton (KR) and Shift, both Ethereum type coins, were threatened with a hack if they didn’t pay a ransom to the attackers. Before these cryptos were hacked, the group of attackers....
A new report from Coin Center examines the “blockchain” buzzword to help regulators avoid all the noise and get down to the implications of the various financial technologies that have been inspired by Bitcoin. In the report, which was authored by Coin Center’s Peter Van Valkenburgh, permissionless blockchains are described as essential to the future of the internet. The report points out that the most useful aspects of Bitcoin’s blockchain technology are not found in consortium-based solutions — at least when targeting specific applications, such as electronic cash. According to the....
Krypton, Ethereum-based network, has recently recovered from a 2-step attack which resulted in a total of 21,465 KR, approximately $3000 USD, being stolen from Bittrex’s wallets. The Krypton team suspects that the attack might have been just a test: attackers might go for other Ethereum-based blockchains such as ETC, for example. How the attack happened. According to a press release by Stephanie Kent, Krypton’s Founder, and Rocky, cryptocurrency trader, investor and analyst, attackers used Double-Spending to steal the KR from Bittrex. After the attack, all deposits and withdrawals on both....
The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.
With custom domains and apps, advertising and a social media presence, the ElectroRAT malware operation targeting crypto wallets is extensive.