The CEO of cryptocurrency exchange Binance, Changpeng Zhao (CZ), and his team gave a recap of the security incident that happened on May 7, an event that saw the exchange lose more than $40 million (7,000 BTC) from their Bitcoin hot wallet.
Few token/coin issuers can boast an infrastructure necessary for its circulation. Often the digital asset remains inapplicable in daily life and soon adds up to the list of dead coins. A completely different approach was taken by the team behind KaratGold Coin (KBC), who came up with a number of software and hardware solutions for crypto users. One of them is a KBC-fuelled smartphone that utilizes a series of elegant solutions increasing the user’s security bar.
Kaspersky Labs presented new service packages to help blockchain companies reinforce cybersecurity and spot fraudsters and attacks. As Italy faces some problems with cybersecurity, the country's community might benefit from these new solutions.
With cybersecurity still very weak, Danabot, Gootkit, SLoad and Panda (Zeus), are some of the malwares which have been disturbing and threatening people and their computers in Italy, according to Yoroi cybersecurity experts. Sensitive personal data has been lost and it is very hard to be restored. However, if blockchain technology is used, it could help users in to defend and protect their devices from being attacked and threatened by these malevolent malwares.
The issue of security in Italian legislation has continued to be a major focus ever since blockchain, distributed ledger technology and smart contracts were legally introduced in the simplification decree back in February 2019. Thus, basing on different potential technology, there is no single Blockchain, but instead, there are multiple chains.
Zichain has entered into strategic partnerships with two of the leading service providers - BitGo and Sum&Substance. The alliance is meant to reinforce the company’s brokerage platform and offer a standard-setting new level of quality to its users.
The New Zealand (NZ)-based Cryptopia, a cryptocurrency exchange platform that was badly hacked two times in one month of January 2019, has declared that it has officially resumed its normal trading activities. The exchange recommenced trading on 40 trade pairs more than 60 days after losing millions of dollars to hackers.
The U. S. Security and Exchange Commission announced on February 20, 2019, that cryptocurrency startup Gladius Network LLC had formally settled charges of functioning on unregistered securities offerings.