HTC announces Exodus, a blockchain-powered smartphone

HTC has announced a smartphone this week powered by blockchain technology, called Exodus. The phone will include a secure hardware enclave designed for cryptocurrencies and decentralised applications. The Exodus phone also has a universal wallet, which will support Bitcoin, Ethereum, Lightning Networks, Dfinity and other major cryptocurrencies. Users will be able to send and receive crypto payments, with each device acting as a node for crytocurrency trading. Security and privacy seem like...

Cambridge Analytica: Using blockchain to prevent data breaches

Cambridge Analytica, blockchain and data breaches

The old adage stands: if you’re not paying for it, you are the product. By now, we’ve all heard the news of the Cambridge Analytica under-the-radar data mining efforts, resulting in the harvesting of over 50 million Facebook users’ accounts. This is exactly the sort of abuse of social media many have feared all along. For a growing number of people, it’s the use of personal information for microtargeting by political campaigns that breaks the camel’s back on this issue. ...

Reports point to Google blockchain projects

Google blockchain cloud services

Google has remained fairly quiet on the topic of blockchain as it has blossomed in the last few years. But now two separate reports cast a light on how the search giant, and its parent company Alphabet Inc, is tinkering away on a number of blockchain-related projects. Bloomberg reports that Google is working on some form of blockchain-related technology to support its cloud services in a way that fends off the raft of emerging start-ups looking to operate online n new ways. Making use of...

Blockchain for gun control? WISeKey believes so with redesigned technology

WISeKey International’s WISeAuthentic IoT Blockchain technology solution is redesigned with a blockchain ledger to offer enhanced gun-control measures, the company claims. The WISeKey's authentication technology secured blockchain ledger digitally certifies, identifies and tracks the gun throughout its life cycle. The WISeAuthentic IoT Blockchain platform integrates WISeKey Semiconductors tags based on the company's VaultIC154 NFC secure element. When attached to the gun and tapped by an...

A titanic technology: Why blockchain security needs to shape up or ship out

Blockchain in the context of the maritime industry has the potential to radically transform and simplify the supply chain. From cargo to customs, boat loading to banks, blockchain could provide a secure mechanism to enable the exchange of documents and payments on an unprecedented scale by doing away with numerous systems and data silos. It’s this reasoning that saw Maersk Line announce its intention to partner with IBM to develop a commercial blockchain company for the shipping sector and...

Cisco: hacker group Coinhoarder has stolen $50 million in cryptocurrency

Coinhoarder steals $50 million in cryptocurrency

A new report by Cisco’s Talos cybersecurity team has named a Ukrainian hacking collective behind a string of audacious and high-value cryptocurrency thefts. The report details how the group, called Coinhoarder, has stolen over $50 million in cryptocurrency from users of the popular wallet Blockchain.info. The group make use of a “very simple” scheme involving purchasing Google ads focused on popular search keywords relating to cryptocurrency. These “poisoned ads” allowed the...

$78 million in Bitcoin stolen in NiceHash hack

NiceHash hack - bitcoin theft

Cryptocurrency mining marketplace has confirmed that it has been the victim of a hack that has resulted in the theft of over 4,700 BTC. This equates to over $70 million worth of bitcoin being emptied from the sites wallet. In an official statement made on its website, the company said: “Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24...

Hackers are increasingly focusing on cryptocurrency exchanges and ICOs

Hackers - ICOs and Cryptocurrencies

As the cryptocurrency market and the related trend of ICOs continue to be dynamic and profitable, it was only a matter of time before the space became a target for hackers. While the distributed ledger technology that underpins cryptocurrencies is often touted as tamper-proof, the wider system that has built up around it has a number of key vulnerabilities. The new Group-IB Hi-Tech Crime Trends report highlights the main ways that hackers have been targeting the space over the last two...

Gladius wants to rent your spare bandwidth to battle cyber attacks

Gladius - DDoS

A blockchain startup is taking a novel approach to protecting people and organisations from damaging DDoS (distributed denial of service) attacks The Gladius Network is a blockchain-driven platform that allows users to rent out their spare bandwidth in order to help the company fight cybercrime. Users receive Gladius tokens for the use of their internet connection, which can be converted into other forms of currency at a later date. DDoS occur when multiple computer systems are...

Giving cryptocurrency activity a security infrastructure

blockchain - security infrastructure

The market of growth of cryptocurrencies in the last two years has been so staggering that what kind of security infrastructure is in place has become a real concern. Cryptocurrencies now have a market capitalisation of $137 billion, and a lot of large financial institutions and hedge funds are looking to implement blockchain use cases. World leading digital security company Gemalto has teamed up with Ledger, a company in the blockchain infrastructure and security space, to provide...