data security

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Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge

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United Arab Emirates (UAE)’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets (AFCM) to kickstart a challenge that encourages fintechs to create a know-your-customer (KYC) verification system based on blockchain technology. Trustworthiness of Data on the Blockchain The AFCM has, in conjunction with the UAE’s Ministry of Economy, launched a … Read more

Troubled NZ Crypto Exchange Cryptopia Suffers Another Hack in the Midst of Liquidation Process

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Controversy still surrounds a liquidated New Zealand cryptocurrency exchange, which allegedly got hacked again. Adding to the $30 million stolen in 2019, Cryptopia reports that it was the target of a another theft incident on February 1, 2021. Hackers Accessed a Dormant Wallet Which Holds XSN Tokens According to Stuff.co.nz, the hackers took around NZD … Read more

Crypto Portfolio Tracking App Apologizes for Racist Messages Sent to Customers- Investigations Underway

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The crypto portfolio tracker Blockfolio, owned by the exchange FTX, got its messaging system compromised, as racist notifications started to appear. Blockfolio’s users received the offensive messages with a warning that they’re about to lose all funds. Some Offensive Messages Included a URL Reportedly Linked to Pornography According to the crypto tracker and trading app, … Read more

Hackers Are Using Three Fake Crypto-Related Apps to Drain Wallets

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While bitcoin (BTC) prices are increasing, crypto-related scams appear on the scene to take advantage of the situation. In this case, a security firm spotted three malicious crypto apps targeting users to steal their funds. Three Bogus Crypto Trading and Poker Apps Are Infected With Dangerous Malware According to Intezer Labs, a year-long malware operation … Read more