What is blockchain security? blockchain security news, blockchain security meaning, blockchain security definition - Blockchain.News
Search results for

blockchain security

OKX Ventures Invests in GoPlus to Boost Blockchain Security

OKX Ventures Invests in GoPlus to Boost Blockchain Security

OKX Ventures announces investment in GoPlus to enhance blockchain security.

Chainlink (LINK)'s CCIP Implements Key Security Features Through Decentralization and Risk Management

Chainlink (LINK)'s CCIP Implements Key Security Features Through Decentralization and Risk Management

Chainlink (LINK)'s CCIP enhances security via decentralization, independent risk management, and client diversity, ensuring a robust cross-chain ecosystem.

Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge

Coinbase Custody Leads in Digital Asset Safety Amid ETF Adoption Surge

As crypto ETFs gain SEC approval, Coinbase Custody emerges as the trusted custodian for digital assets, leveraging advanced security and regulatory compliance.

Blockchain Security Startup BlockSec Pulls $8m in Seed+ Funding Round

Blockchain Security Startup BlockSec Pulls $8m in Seed+ Funding Round

Blockchain security startup, BlockSec has announced it has completed a new seed plus funding round where it pulled the sum of $8 million from top investors.

BNB Smart Chain's Remarkable 85% Security Triumph in 2023

BNB Smart Chain's Remarkable 85% Security Triumph in 2023

BNB Smart Chain's security enhancements in 2023 led to an 85% reduction in financial losses from security incidents, a striking contrast to the previous year's $1.1 billion losses.

Vitalik Buterin Proposes a Quantum-Resistant Hard Fork for Ethereum

Vitalik Buterin Proposes a Quantum-Resistant Hard Fork for Ethereum

Vitalik Buterin proposes a hard fork strategy for Ethereum to protect funds against quantum computer attacks, sparking a community-wide discussion on quantum security.

Significant Crypto Hacks in December 2023, with Orbit Bridge Exploit Leading the Surge

Significant Crypto Hacks in December 2023, with Orbit Bridge Exploit Leading the Surge

In December 2023, a significant increase in crypto thefts was triggered by an $81.5 million attack on Orbit Bridge, marking one of the largest attacks on cross-chain bridges in recent years.

BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing

BlockSec Launches Phalcon Fork for Private Chain Collaborative Testing

Blockchain security firm BlockSec has launched the Phalcon Fork toolkit for collaborative testing on private chains forked from the Ethereum mainnet. The toolkit provides more control for developers over testing, analysis, and debugging of transactions, while retaining services and states from the Ethereum mainnet. It also includes an integrated faucet for free fork network Ether (ETH) and Fork RPC for integration with Ethereum Virtual Machine-compatible development frameworks.

CertiK Outlines Mobile Blockchain Security Threats and Countermeasures

CertiK Outlines Mobile Blockchain Security Threats and Countermeasures

CertiK discussed security challenges of blockchain technologies on mobile platforms, including malware, insecure wallet apps, and network vulnerabilities, and provided countermeasures like reputable security solutions and regular updates.

CertiK Raises $60m In New Funding in Two Weeks

CertiK Raises $60m In New Funding in Two Weeks

The new fund comes just two weeks after CertiK mopped up $88 million Series B3 round as the blockchain company continues to beef up its business offerings.

Rogue Validator Outsmarts MEV Bots, Resulting in a $25 Million Loss

Rogue Validator Outsmarts MEV Bots, Resulting in a $25 Million Loss

MEV bots attempting sandwich trades lost $25 million worth of digital assets to a rogue validator. The loss included Wrapped Bitcoin, USD Coin, Tether, Dai, and Wrapped Ether. Blockchain security firm CertiK explained that the attack was due to the centralization of power with validators, making them vulnerable to such attacks.

PlayDapp's $31 Million Hack: A Blow to Blockchain Gaming Security

PlayDapp's $31 Million Hack: A Blow to Blockchain Gaming Security

PlayDapp, a prominent NFT marketplace, experienced a security breach, resulting in the unauthorized minting of $200 million PLA tokens, worth $31 million.

Ethereum Foundation Suffered from MEV Bot Attack in Eth Selling

Ethereum Foundation Suffered from MEV Bot Attack in Eth Selling

The Ethereum Foundation suffered a Sandwich attack by an MEV Bot during a 1.7k ETH transaction on Uniswap V3, resulting in a $9,101 loss. The incident spotlights the rising menace of MEV exploits and underlines the necessity for enhanced security protocols in blockchain transactions.

Allbridge Recovers $465,000 Stolen in Crypto Exploit

Allbridge Recovers $465,000 Stolen in Crypto Exploit

Allbridge has recovered $465,000 worth of cryptocurrency stolen in a recent exploit, after the attacker apparently took the project's offer for a white hat bounty and returned the funds. The stolen funds were converted to Binance USD and used as compensation. Allbridge had previously offered the attacker a chance to escape legal repercussions and receive a bounty for finding vulnerabilities. The project has yet to publicly disclose the total amount stolen but blockchain security firms estimate it to be close to $550,000.

Crypto Industry Continues to Experience Hacks and Exploits: Can Increased Security Measures Help?

Crypto Industry Continues to Experience Hacks and Exploits: Can Increased Security Measures Help?

Despite recent recoveries, $4bn was lost to hacks, fraud, and scams in 2022. Increased security measures, such as DeFi and multi-signature wallets, can help.

DFINITY Foundation (ICP) Joins Blockchain Security Alliance

DFINITY Foundation (ICP) Joins Blockchain Security Alliance

DFINITY Foundation joins the Blockchain Security Alliance, enhancing global blockchain security. The alliance, with 42 members, focuses on collaboration and innovation.

Euler Finance Audited 10 Times Before $196 Million Attack

Euler Finance Audited 10 Times Before $196 Million Attack

Euler Finance, an Ethereum-based lending protocol, underwent 10 audits from six different firms in two years before it suffered a $196 million flash loan attack. Despite this, the audits deemed the platform "nothing higher than low risk" with "no outstanding issues." The attack prompted Euler to launch a $1 million bounty for information leading to the hacker's arrest, only for them to move the funds through crypto mixer Tornado Cash.

Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security

Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security

Peertec, a leading blockchain-focused fintech firm, has revealed its strategic collaboration with Penta Security, a highly valued web and data security company. The partnership is expected to boost Peertec’s infrastructure security using blockchain technology. The safety of its GDAC cryptocurrency exchange and services is also expected to be strengthened.

DLA Piper: Security Tokenization in Hong Kong

DLA Piper: Security Tokenization in Hong Kong

Security tokenization is the representation of fractional interests in an asset using blockchain. A security token derives its value from an underlying asset, such as a work of art. This differs from a utility token, which gives a holder the right to use a particular product or service, or a cryptocurrency such as Bitcoin, which has its own value as a currency.

SEC Delays Decision on Overstock-Backed Security Token Exchange

SEC Delays Decision on Overstock-Backed Security Token Exchange

The SEC has extended the timeline for its to disapprove or approve operations by the BSTX, a security token exchanged affiliated with Overstock’s blockchain arm tZERO.

Five Things Everyone Should Know About Blockchain Benefits in Aviation Security

Five Things Everyone Should Know About Blockchain Benefits in Aviation Security

Recent news has brought blockchain’s role on spotlight in aviation security. Of course, blockchain provides bold promises, highly useful in aviation security, and therefore are worth to be investigated.

Preventing Future Hacks: Twitter Improves Security Ahead of US Elections

Preventing Future Hacks: Twitter Improves Security Ahead of US Elections

Social media giant, Twitter has revamped its security measures for high profile accounts ahead of the U.S. November Presidential Elections.

The Nascent Primary Market of Security Token Offerings

The Nascent Primary Market of Security Token Offerings

Now that the ICO market bubble ebbed away security token offerings (STOs) have emerged, allowing investment in regulated securities recorded on a blockchain according to new research from the Oxford Faculty of Law

Crypto.com Leverages Amazon's AWS Cloud To Enhance Scalability and Security

Crypto.com Leverages Amazon's AWS Cloud To Enhance Scalability and Security

Crypto.com will now leverage Amazon Web Services, Inc (AWS) cloud provider to provide enhanced scalability and security for its 5 million users,

Department of Homeland Security (DHS) Trials Blockchain Solution for Canadian Borders

Department of Homeland Security (DHS) Trials Blockchain Solution for Canadian Borders

Department of Homeland Security (DHS) trials Blockchain solution for Canadian borders - Works with Customs Direct, a partner with blockchain expert Morpheus.Network, to fast track multiple Proof of Concepts (POCs).

Verizon Cybersecurity CPO, Alex Schlager on Why 5G Networks Require a Whole New Approach to Enterprise Online Data Security

Verizon Cybersecurity CPO, Alex Schlager on Why 5G Networks Require a Whole New Approach to Enterprise Online Data Security

Alex Schlager, CPO of Security Services for Verizon Business believes 5G networks require a completely new way of thinking about security.

Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

Chinese Courts Deploy Blockchain-Powered Electronic Door Seals for Enhanced Property Security

Chinese courts have gone a notch higher by adopting blockchain-based door seals that will optimize property security by enabling real-time video surveillance and a sophisticated alarm system. This move is intended to eradicate the conventional paper seals, which are not tamper-proof.

SEC Charges App Developer Abra for Unregistered Security-Based Swaps

SEC Charges App Developer Abra for Unregistered Security-Based Swaps

Abra and Plutus Tech have agreed to a cease-and-desist order and a combined penalty of $150,000 after being charged by the Securities and Exchange Commission for selling unregistered security-based swaps to investors in 2019.

US Should Register Ripple’s XRP Token as a Security, Says Market Expert Peter Brandt

US Should Register Ripple’s XRP Token as a Security, Says Market Expert Peter Brandt

The question of whether Ripple’s XRP token should be classified as a security remains unclear and has been debated upon.

Trending topics