Tag: Security

Fireblocks, a crypto custody tech provider, has received the Cryptocurrency Security Standard (CCSS), a first-of-its-kind certification – a security standard for crypto wallets and custody. The CCSS was created in 2014, but no crypto company has met the necessary standards so far. The CCSS certification was created in 2014 specifically for the crypto industry, focusing…

Despite the liquidity crisis in the crypto sector, criminal activity targeting the crypto industry does not seem to be slowing down, Gulf News reported. The UAE cryptominers must beware of ‘cryptojackers,’ as 11% of all corporate users affected by ‘cryptojackers’ in the META region this year were from the UAE. According to cybersecurity and anti-virus…

Payments giant Mastercard launches Crypto Secure, a new software product designed to help banks and other card issuers identify and block suspicious transactions from crypto exchanges. The service is powered by CipherTrace, a blockchain security startup acquired by Mastercard last year. According to a CNBC report, Mastercard on Sept. 4 debuted a new piece of…

A white hat hacker has discovered a bug within the latest upgrade for Arbitrum, an Ethereum scaling network, that could have led to the theft of over $530 million. A bug in the latest upgrade for Arbitrum had been live for almost three weeks but had not yet been exploited. Arbitrum builder OffChain Labs earlier…

US crypto firm Nomad has suffered a $190 million hack, blockchain analytics reported on August 3. Experts estimate the funds have been stolen from cross-chain bridges to $2 billion so far in 2022. Nomad said on an official Twitter account that it was “aware of the incident” and was currently investigating without giving further details….

One unique blockchain business area, which rarely gets written about, is specialized security and privacy services. Among its most outstanding startups is Nym Technologies, whose developers claim that their network is superior to VPN and even Tor. Are they right? The race between “shields” and “swords” in cyberspace is everlasting. Back in 2017, when cryptocurrencies…