Facebook’s Libra Lacks Foundational Components for Crypto Key Security

Steven Sprague is one of the principal industry evangelists for the application of trusted computing technology. Steven served as president and CEO of Wave Systems Corp. for 14 years before transitioning to the board of directors. Recently, Facebook launched Libra with the stated goal of “transforming the global economy.” It’s a lofty aim. However, after…

Swiss Stock Exchange Asks Central Bank to Issue Stablecoin

Principal Swiss stock exchange SIX asked the country’s central bank to issue a stablecoin, local media SwissInfo reports on June 26Per the report, the crypto asset would be used to settle payments on its new digital securities trading platform. The exchange reportedly announced during the Crypto Valley Association conference this week that users of its…

Tendermint Says Last Month’s Cosmos Vulnerability Exposed Security Loophole

The developers behind the Cosmos network released today a full disclosure of last month’s “critical security vulnerability” which reportedly enabled hackers to bypass certain penalties for misbehavior on the network. Zaki Manian, director at Tendermint Inc – the for-profit entity behind the core technology of the Cosmos network – detailed to Coindesk in an interview:…

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…