security protocols
Binance Insider Allegedly Helps Users Bypass KYC Security Protocols
A report by CNBC alleges that employees and volunteers at Binance have been helping customers in China bypass the exchange's Know Your Customer Controls (KYC). The report points to Binance's Chinese-language chat rooms where users can access shared messages on techniques to bypass KYC, residency, and verification protocols allegedly coming from Binance employees or trained volunteers known as "Angels."
3 Platforms Making DeFi More Inclusive
Decentralized finance (DeFi) is taking the world by storm. Owners of cryptocurrencies can unlock an alternative financial system that offers better rewards than traditional bank accounts and carries more risk. Several trends in the DeFi space are emerging lately, as are the new protocols trying to capitalize on this momentum.
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.
Exclusive: How to Ensure Random Numbers in Public Blockchain?
Following Part 1 of our interview, Jing Chen of Algorand further teaches our readers on how to ensure the randomness of a number in public blockchain! She also evaluates the existing Proof-of-Stake (POS) protocols: Delegated VS Bonded VS Pure POS!
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.
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.
Twitter Hires Former Hacker Peiter 'Mudge' Zatko as Head of Security
Following the high-profile security breach witnessed in July this year, Twitter has hired former hacker Peiter 'Mudge' Zatko as its new head of security.
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.
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,
Bank of Canada Says CBDCs Have Inherent Risks in New Study
A new report released by the Bank of Canada has revealed that the bank believes Central Bank Digital Currencies can pose security risks to users
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.
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.
Libra Association Appoints Former Homeland Security General Counsel to Head Its Legal Services
Libra appoints Stevan Bunnell, former Homeland security department general counsel, as its own general counsel.