Wendy McElroy: The Double C-Word in the Private Sector

The Satoshi Revolution: A Revolution of Rising Expectations Section 5: Saving the World Through Anarchism Chapter 11, Part 2 The Double C-Word in the Private Sector The first rule of the politics of fear is that if you want to make something sound scarier than it actually is, you add the word ‘culture’ at the … Read more

Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find

The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country during the past three years. According to local media, there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks, 91 of which happened this year. However, only six arrests … Read more

Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages

A major South Korean insurance company reportedly will start offering cryptocurrency exchanges insurance aimed at compensating for damages caused by hacking, according to local media. Currently, few crypto exchanges in the country are insured and hacking damages are not covered. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Introducing Hacking Insurance A … Read more

Student Faces Charges for Stealing $5 Million in Crypto via “SIM Jacking”

Motherboard has reportedly obtained court documents pertaining to the arrest of Joel Ortiz, a 20-year-old from Boston, who is accused of stealing $5 million USD in bitcoin and other cryptocurrencies. Mr. Ortiz and his currently unidentified accomplices stole crypto from roughly 40 victims through a hacking technique known as “SIM jacking.” Also Read: Archaeologists Argue Micronesian … Read more

Privacy and Access: Meet “Eijah”, the Hacker Behind Promether

Cryptography inspires all types of people to create. One such creator is Eric Anderson, the founder of a decentralized privacy platform called Promether. He and his team are currently building a secure messaging system called Contact to run on top of this platform. Eric, known as “Eijah” in the hacker community, left his role as … Read more

Amazon Fire TV Devices Have Their Own Dedicated Crypto Mining Malware

Malicious cryptocurrency mining applications take many different forms these days. While they’re mainly targeted at Windows and mobile users, it seems a new virus is making the rounds. This particular malware is problematic, as it targets Amazon Fire TV devices, which is a rather unusual development. Amazon Fire TV Devices and Cryptocurrency Mining Criminals have … Read more

Worldpay’s Peter Tran Remains Skeptical About Blockchain for Cybersecurity

“In the cybersecurity industry, there’s always a new shiny ‘tech toy’ or novel approach around the corner, so it’s important to not be myopic that blockchain for cybersecurity will be akin to finding the cure for the common cold. As promising as blockchain may be, the industry is far from universal adoption,” warns Peter Tran, … Read more

Paypal Users Receive Cryptocurrency Warning Email

This week Paypal users reported receiving an official-looking email from Paypal, warning users about “activity [involving] the trading or transfer of crypto currency [sic] which is prohibited under our Acceptable Use Policy,” asking the receiver to “cease any activity that results in the trading or transfer of crypto currency.” Also read: Since Embracing Bitcoin, Robinhood App … Read more

What Does “Hacking” Your Crypto Actually Mean?

When it comes to digital theft, there is one aspect which is frequently misunderstood and miscommunicated. Despite popular belief, a thief isn’t stealing an individual’s asset itself (SSN, phone number, money); rather, he or she is stealing the key to acquiring that SSN, phone number, and/or money, at least initially. The key unlocks the means by which to obtain … Read more