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Binance Falls From Top 10 in CryptoCompare’s New Crypto Exchange Rankings

London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in the CryptoCompare’s list as the rankings do not rely on aggregate volume data in its analysis, the firm said in a press release to Cointelegraph on Nov. 19. In order, the top 10 crypto exchanges in …

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Crypto Miner Steals $5M Worth of Computing Power Using Identity of Riot Games Founder

The millionaire game developer, Marc Merril, was a victim of the Singaporean man who stole identities to utilize Amazon Web Services’ and Google cloud computing power for crypto mining. A case of stolen identity In a recently unsealed court filing on Nov. 7, Forbes discovered that Marc Merrill, the co-founder of Riot Games,  was the previously anonymous victim of Singaporian national Matthew Ho’s identity theft scheme. Riot Games is most famous as the developer behind …

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Proof-of-Work Doesn’t Solve Every Blockchain Use Case

The Bitcoin white paper was published 11 years ago today, on Oct. 31, 2008, meaning that Bitcoin (BTC) is celebrating its 11th year of existence. From its humble beginnings to over a $300 billion market capitalization in 2017, the success of Bitcoin is truly a remarkable accomplishment.  What is Bitcoin? A question with many answers. Digital gold, magic internet money, a hedge against macro risk, tulip mania? One thing is for certain, Bitcoin found a …

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New Web App Scans GitHub For Secrets Like Crypto Keys And Passwords

A new web app, called “Shhgit”, will scan the web-based GitHub code repository and search for sensitive secrets, such as private crypto keys. Scanning for private crypto keys and passwords On Oct. 17, programmer and security expert Paul Price introduced his new tool, Shhgit. Shhgit scans for secrets across public code repositories that sometimes end up in the hands of bad actors and ultimately have the potential to cause significant data breaches. Price said that …

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Victim of $24 Million SIM Swap Case Writes Open Letter to FCC Chairman

SIM swapping victim Michael Terpin wrote an open letter to the United States Federal Communication Commission (FCC) Chairman Ajit Pai. In his letter, posted by Coindesk on Oct. 21, Terpin requested that the regulator take decisive action against SIM swapping and end this type of fraud. Terpin proposes to force all U.S. mobile carriers to hide customer pins and passwords from employees and oblige them to inform its customers that they can opt-in to carrier …

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Blockchain Voting is Vulnerable to Hacking and Low-Quality Data: Research

Nir Kshetri, a professor of management at the University of North Carolina, has suggested that before blockchain-based voting can be considered safe and trustworthy, some major issues must be resolved. In an article published on Oct. 18, Kshetri claims that “small-scale tests run so far have identified problems and vulnerabilities in the digital systems and government administrative procedures” that must be solved before adopting the technology.  Hard to audit Per the report, such systems need …

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Crypto-Ransomware Remains Most Prominent Cyber Attack

The European Union Agency for Law Enforcement Cooperation (Europol) released its 2019 Internet Organized Crime Threat Assessment (IOCTA) report. Crypto exchanges continue to be a magnet for hackers On Oct. 9, Europol presented its IOCTA report of the cybercrime threat landscape. According to the EU-focused law-enforcement organization, cybercrime must be approached in a holistic sense, saying: “Countering cybercrime is as much about its present forms as it is about future projections. New threats do not …

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Algo Capital Ex-CTO Takes ‘Full Responsibility’ for Hot Wallet Breach

The now-former chief technical officer (CTO) of Algo Capital, the investment arm of blockchain firm Algorand, has published a statement in the wake of a major security breach of an Algo hot wallet under his personal management. As Cointelegraph recently reported, Algo Capital CTO Pablo Yabo’s cellphone was compromised by hackers, leading to the theft of roughly $1–2 million in Tether (USDT) and Algorand (ALGO) tokens from an Algo hot wallet. Securing funds “in a …

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Algorand’s Venture Arm Loses up to $2M in Hot Wallet Breach: Report

Algo Capital, an investment arm of United States-based blockchain firm Algorand, has lost roughly $1–2 million in Tether (USDT) stablecoins and Algorand (ALGO) tokens after its CTO Pablo Yabo’s mobile phone was compromised. The breach allowed hackers to gain access to Yabo-managed Algo hot wallet, a source familiar with the matter told Coindesk on Oct. 5. The total amount of damages was reported in an email by the company’s CEO David Garcia. He confirmed the …

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Cybersecurity Firm Releases WannaCryFake Bitcoin Ransomware Fix

Cybersecurity firm Emsisoft has released a solution for Bitcoin (BTC)-demanding ransomware WannaCryFake. Pay Bitcoin in return for your data In a Sept. 25 blog post, Emsisoft announced that they are releasing a new free fix for the WannaCryFake ransomware bug. The WannaCryFake is the next version of the WannaCry worm, a type of malicious software program that first began spreading across computer networks in May 2017. When a computer system is infected with the WannaCryFake …

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