Latin American Exchange Bitso Taps Coincover for Security Services
Bitso will use Coincover’s non-custodial disaster recovery service and its risk engine to monitor outgoing transactions in real time.
Security
Crypto Use in Terror Financing Rises, but Is Still Relatively Small: Singapore
Singapore’s government noted an increasing use of cryptocurrencies in terror financing, even though it acknowledges that cash and other informal value transfer systems remain the predominant means for financial transactions.
WazirX Files Police Complaint After $230M Hack, Engages With India’s Cyber Crimes Unit
Indian crypto exchange WazirX has filed a police complaint, it said on X, and it has also reported the incident to the Indian Computer Emergency Response Team (CERT-In).
Ironblocks’ ‘Venn’ Network Aims to Keep Malicious Transactions From Ever Hitting Blockchains
The Israeli firm’s Venn security network uses a network of operators to seek out and freeze suspect transactions before they execute.
Your Crypto Project Needs a Sheriff, Not a Bounty Hunter
Avi Eisenberg’s centi-million dollar exploit of the decentralized Mango Markets trading platform revealed the perverse incentives of bug bounties.
Ether Could Avoid Designation as a Security With Centralization Risk Easing, JPMorgan Says
Staking platform Lido’s share in staked ether has continued to fall, reducing concerns about concentration in the Ethereum network, the report said.
Must Bitcoin ‘Drop Ideals’ of Decentralization to Achieve Mass Adoption?
Key management is crucial to Bitcoin maintaining decentralization. But, as hacks and exploits have grown in number, the dream of self-custody has become more difficult to maintain.
How the Bitcoin Halving Could Affect Network Security
After the block reward drops to 3.125 bitcoins, miners could power down their less efficient machines.
Crypto Money Laundering Dropped 30% Last Year, Chainalysis Says
Illicit addresses sent $22.2 billion in cryptocurrency to services in 2023, a decrease from $31.5 billion in 2022, and centralized exchanges remain the primary destination.
As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians
The goal of these “protocol councils,” sometimes called “security councils,” is to nudge these nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. How are they different from boards of directors?