Payments Startup Uphold to Use Ledger Vault

French crypto hardware firm Ledger will provide its technology to American payments startup Uphold to improve security, according to a press release shared with Cointelegraph on May 13.Formerly known as Bitreserve, Uphold will reportedly incorporate Ledger’s institutional custody platform Ledger Vault to boost its anti-hack protection by adding an additional layer of security.J. P. Thieriot,…

US Blockchain Investor Terpin Awarded Over $75 Million in SIM Swapping Case

United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10.Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and punitive…

How SABRE Tech Can Stop Hackers From Splitting Bitcoin Into Two

news If hackers felt like it, they could split bitcoin in two. It wouldn’t even be that hard, according to research from 2017. Thanks to insecure technology underpinning the internet, someone with the right credentials could exploit the Border Gateway Protocol (BGP) by faking their identity and confusing the network into sending floods of data…

General Motors’ Finance Arm Joins Blockchain Data Security Initiative

United States automotive giant General Motors (GM) has become the latest member to join blockchain startup Spring Labs’ partner project to enhance data security, the company confirmed in a press release Feb. 11.GM, which has experimented with the technology before, will join the Spring Founding Industry Partners (SPIF) Program, which launched in January.Now with almost…

2018: A Record-Breaking Year for Crypto Exchange Hacks

opinion Eric Larcheveque is the CEO of Ledger, a leader in security and infrastructure solutions for cryptocurrencies and blockchain applications since 2014. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  2018 was a record-breaking year. From the number of cryptocurrency exchange hacks, to the amount of assets that were stolen, to the…

Thailand’s Revenue Departments Tests Blockchain for Tracking Value-Added Tax Payments

Thailand’s Revenue Department is testing blockchain to track value-added tax (VAT) payments, English-language media outlet Bangkok Post (BP) reports Dec. 3.Ekniti Nitithanprapas, director general of the Thai Revenue Department, said that the department “wants to use blockchain technology to prevent VAT refund fraud.” According to the BP, the nation is “on the path to becoming…

Crypto Custodian BitGo Adds New Stablecoins in Bid to Woo Institutions

NEWS BitGo has added support for its 101st asset as the crypto custody startup works to offer a wide spectrum of services for institutional investors. Revealed exclusively to CoinDesk, BitGo now handles the Winklevoss brothers’ Gemini dollar (GUSD), which followed its hundredth asset, Circle’s Circle USD (USDC), added on Nov. 6. Both are so-called stablecoins,…

Announcing the Cryptocurrency Security Guide from BitIRA

There’s no doubt that Americans are showing more and more interest in cryptocurrency. A recent survey from LendEDU found that Bitcoin ownership in the U.S. is just below 14%, with over 17% interested in adding it to their portfolio in the future. One of the biggest barriers for investors to enter cryptocurrency investing is security.…