The US Senate adopted new legislation allowing law enforcement agencies to access encrypted data. Such provisions would complicate the operation of the cryptocurrency industry within the country, forcing businesses to go offshore.
Recently, computer security researchers revealed that a new flaw in Intel’s SGX exposes sensitive user data to cyber criminals. The flaw in the Intel Software Guard eXtension poses a risk to cryptocurrency users can not be patched leaving users at a very high risk of losing their funds.
International Business Machines (IBM), an American multinational information technology firm, has managed to double the power of its quantum computer (QC) but this effort didn’t break the encryption of Bitcoin (BTC), the original blockchain-based cryptocurrency.
Mercedes’ parent corporation, Daimler AG, a German global automotive company headquartered in Baden-Württemberg, has declared a partnership with four other giant startups including a European distributed ledger tech (DLT) interface, to create a blockchain solutions for cars dubbed a mobility blockchain platform (MBP), a distributed software platform which enables mobility as a facility with end to end encryption.
A tokenized society in Italy will be among the scenarios created by the blockchain technology where any type of storage of value and public registration can be a token encryption, which can tie to a floating market and further be traded on international digital exchanges.
One of the biggest benefits of cryptocurrencies is that with their military grade encryption and security, it is almost impossible to hack into a user’s account. The only way anybody can access is through possession of a long string of alphanumeric private keys.
In 2016 a new illegal industry emerged in the bitcoin ecosystem. Ransomware, a malicious program with the ability to encrypt a file or lock the user out totally from a computing device. Hackers invented a way of blocking user access to very important servers and demanding a ransom of bitcoin in exchange for an unlocking key.