Search Results for: Security

United States Department of Defense Tests Out Blockchain Technology to Enhance Cybersecurity

The United States Department of Defense (DoD) is considering implementing blockchain technology to enhance its cybersecurity. In the publication titled “DoD Digital Modernization Strategy: DoD Information Resource Management Strategic Plan FY19-23,” outlined the roadmap to implement and support the National Defense Strategy through the lens of cloud, artificial intelligence, command, control and communications, and cybersecurity. … Continue reading United States Department of Defense Tests Out Blockchain Technology to Enhance Cybersecurity

McAfee Labs Threat Report Shows Concern for Cryptojacking and Blockchain Security Issues

In August 2019, McAfee Lab released a threat report with conclusive statistics stating cryptojacking being an area of concern. Within the Q4 of 2018 and Q1 of 2019, crypto-mining malware campaigns spiked up to 29%. McAfee added that the campaign was non-selective with both macOS and Windows at spotting the rise in the selected attacks.  Interactive command … Continue reading McAfee Labs Threat Report Shows Concern for Cryptojacking and Blockchain Security Issues

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

The DHS has implemented a number of rapid POC projects to investigate the usefulness of blockchain in border management. In a novel and innovative approach, the DHS is working directly with trade members from the Commercial Customs Operations Advisory Committee (COAC) working group, including customs broker Customs Direct LLC. In this role, Customs Direct has … Continue reading Department of Homeland Security (DHS) Trials Blockchain Solution for Canadian Borders

Bittrex Leverages Chainalysis KYT Tool to Enhance Security and Regulation Compliance

Cryptocurrency exchange Bittrex will use Chainalysis Know Your Transaction (KYT) to meet new and existing regulatory and compliance standards, and establish a safer, more secure platform for their users. Yesterday, Chainalysis Inc. announced the deployment of its real-time transaction monitoring software solution to the US-based blockchain trading platform Bittrex. Enhanced Compliance  Chainalysis KYT software enhances the compliance and transparency of cryptocurrency exchanges, … Continue reading Bittrex Leverages Chainalysis KYT Tool to Enhance Security and Regulation Compliance

Former CEO of Overstock Patrick Byrne Charged for Security Fraud

Former CEO of overstock.com, Patrick Byrne The former CEO of overstock.com, Patrick Byrne and former CFO Greg Iverson have been charged for securities fraud regarding the payout of dividends. The lawsuit specifically states the issue with the launch of tZERO (Overstock’s token trading platform), and a digital security token that was to be used to … Continue reading Former CEO of Overstock Patrick Byrne Charged for Security Fraud

G7 Reports Stablecoins Like Libra Threaten Financial Security

According to the BBC, the G7 group of nations has drafted a report outlining nine major risks that digital currencies, such as Facebook’s proposed Libra, pose to the global financial system. The G7 report stipulates that even if member firms of the governing Libra Association properly addressed regulatory concerns, it may well not be approved … Continue reading G7 Reports Stablecoins Like Libra Threaten Financial 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.  According to the announcement on October 15, 2019, the two South Korean firms have partnered to boost Peertec’s infrastructure security using blockchain technology. The security of its GDAC cryptocurrency exchange and services is … Continue reading Peertec Joins Hands with Penta Security for Blockchain-Enabled Infrastructural Security

Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

On Oct.15th, the Securities and Commodities Authority (SCA), an organization responsible for regulating and developing the financial market of the United Arab Emirates, released a draft on its website containing their tentative resolutions on how the crypto market will be regulated. In line with the report, the 28 articles contained in the draft resolution address the … Continue reading Arab's Financial Security Publishes a Tentative Draft Resolution for Crypto Regulations

Telegram Maintains Gram is not a Security, Urges Court to Deny SEC Action

The United States Securities and Exchange Commission (SEC) seems set on making an example of Telegram, but the fight is far from over. Telegram has asked, in an October 16th filing, the United States of America’s district court for the Southern District of New York to deny the request by the SEC for a preliminary injunction … Continue reading Telegram Maintains Gram is not a Security, Urges Court to Deny SEC Action

Marketlend Launches New Stablecoin Against the Australian Dollar for Security Token Purchasing

Marketlend, an Australian-based online marketplace that prompts lending in a secure environment, has developed a new digital currency known as ‘Black,’ which is supposed to be on a 1:1 ratio against the Australian dollar. The main purpose is to create a secondary market for corporate loans prompting a means through which assets can be tokenized … Continue reading Marketlend Launches New Stablecoin Against the Australian Dollar for Security Token Purchasing

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