While not many technical details of China’s plans for its central bank digital currency (CBDC) are publicly available, the digital yuan is already raising concerns around privacy, national security and political power. The Digital Currency/Electronic Payment (DCEP) system would give the Chinese Communist Party the powerful ability to monitor in real time the minute financial dealings of its citizens. The U.S. needs to accelerate its development […]
Benjamin Powers
55 posts
When it comes to the “next big thing” for independent platforms, the newsletter platform Substack has been at the forefront of the charge. The company has lured big-name independent writers such as Casey Newton and Glenn Greenwald to the platform to start their own newsletters. Substack is now also being leveraged for its ease of use and reach by scammers to impersonate various cryptocurrency projects, encouraging […]
Numerous exchanges, like Bittrex, have delisted coins that have features to protect user privacy. Explanations of why they’ve done so have been vague or non-existent. It has set up clashes between the exchanges and Zcash, Monero and Dash over whether there is actually regulatory pressure to do so. There is a question that no one seems to want to answer. Why are exchanges delisting zcash, monero, […]
Operating for a year now, insidious malware ElectroRAT is bringing 2020 into 2021 and targeting crypto wallets. A researcher at cybersecurity firm Intezer has identified and documented the inner workings of ElectroRAT, which has been targeting and draining victims’ funds. According to the researcher, Avigayil Mechtinger, the malware operation includes a variety of detailed tools that dupes victims, including a “marketing campaign, custom cryptocurrency-related applications and a […]
Anthony Scaramucci’s SkyBridge Capital investment firm has invested $182 million in bitcoin, according to an investor brochure shared with CoinDesk about its forthcoming bitcoin fund. The bitcoin fund has already invested $25 million in bitcoin, it announced in the brochure. The new fund will be open as of Jan. 4 to outside investors putting up at least $50,000. Scaramucci’s fund investment is yet another traditional investment […]
New research from the cryptocurrency wallet ZenGo has shed additional light on front-running attacks happening on the Ethereum blockchain. First outlined in “Ethereum Is a Dark Forest,” DeFi investors Dan Robinson and Georgios Konstantopoulos called attention to a variety of attacks by bots that were roving the Ethereum blockchain in search of prey. The new report from ZenGo outlines how the researchers identified and isolated generalized […]
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities. Source link
As soon as he learned he was among the thousands of Ledger customers whose personal information leaked online Sunday, JimboChewdip, as he’s known on Twitter, acted fast. Not fast enough. JCD, as we’ll call him, spent Monday morning changing his passwords, only to soon get a notification that a new device was added to one of his two-factor authentication (2FA) accounts. He then tried to log […]
Google was down for only an hour, but Monday’s outage served as a jarring reminder of how much modern existence online depends on the centralized search engine colossus. From Gmail and Google Calendar to YouTube and even Google’s two-factor authentication, the outage temporarily ground online work to a halt for many, including publications that would have otherwise been reporting on the outage. Moreover, it underscored the […]
On Dec. 8, Dutch cryptocurrency exchange LiteBit sent an email to its users stating it would be delisting the privacy coin firo (formerly zcoin). According to the email, the decision was made “partly due to the privacy aspect of this crypto. The regulator of crypto companies in the Netherlands has indicated that cryptocurrencies aimed at privacy are too high a risk.” LiteBit confirmed zcoin will be […]
A U.S. agency that fights financial crime is encouraging financial institutions, ranging from banks to cryptocurrency exchanges, to share customer information with one another to catch wrongdoers. The Financial Crimes Enforcement Network (FinCEN), a bureau of the Treasury Department, issued a fact sheet Thursday spelling out that the 2001 Patriot Act gives institutions wide latitude in what kind of information they are permitted to share. Overall, […]
Existing decentralized digital identity standards are vulnerable to compromise and do not have privacy at their core: This is the central argument posed by a new paper presented by Harry Halpin, a visiting professor at research university KU Leuven, at the Mozilla-hosted Security Standardization Research Conference (SSR20). Proposals for vaccine or immunity passports, which would tie a person’s movements to their COVID-19 immunity status, have resurfaced […]
The privacy-oriented browser Tor (The Onion Router) is researching ways “anonymous tokens” could counter Denial of Service (DoS) attacks – a pressing issue for the network. Tor has been subject to DoS attacks, degrading its performance. While there are technical fixes Tor has worked to implement, the nature of the network and the anonymity of the traffic on it make it particularly susceptible to DoS attacks. […]
Encryption may not seem sexy, but it’s never been more important. Duality Technologies, a provider of privacy-enhancing tech, (PETs), is launching SecurePlus Statistics, a privacy-enhanced “statistical analysis solution” that uses Homomorphic Encryption (HE). While it may sound dry, it marks a step forward in practical uses of HE, which lets multiple actors conduct data analysis on a variety of datasets while keeping that information encrypted and […]
Cory Doctorow doesn’t buy the hype. While many critics of Big Tech ascribe diabolical genius to the dominant internet firms of today, Doctorow sees a collection of mediocre sociopaths. This article is part of CoinDesk’s “Internet 2030” series, an examination at the technologies developed today that will power the economy of tomorrow. The polymorphous Canadian-British tech blogger, science fiction writer and co-editor of the blog Boing […]
As media outlets waited to announce a winner until the Saturday following the election day, calls for how blockchains would have made this process easier emerged, most prominently perhaps by Changpeng Zhao, CEO of Binance, as well as Vitalik Buterin, who added that, though there are technical challenges, the call for a blockchain-based, mobile voting app “is directionally 100% correct.” A new report from MIT, however, […]
Since 2011, $7.6 billion worth of cryptocurrencies have been stolen, according to a new report from Amsterdam-based blockchain analytics firm Crystal Blockchain. The total figure breaks down into two sadly predictable buckets – hacks and scams. The report found that $2.8 billion was stolen through security breaches, the most popular breach being via a cryptocurrency exchange’s security systems. In total, the firm documented 113 security breaches; the […]
On Election Day, Californians chose not only the direction of their government but also the direction of some of the laws that government will administer. With 56% of voters approving it thus far, Proposition 24, also known as the California Privacy Rights Act (CPRA), is on its way to replacing key components of the California Consumer Privacy Act (CCPA), one of the more robust data privacy […]
Wasabi Wallet, the privacy-focused bitcoin software wallet, has set a broad timeframe for the release of Wasabi Wallet 2.0. The goal is not only to make the wallet easier to use as more people start adopting bitcoin, but also to implement the privacy improvements of the WabiSabi protocol, including making CoinJoins automatic by default. In a blog post laying out the launch timeline of the wallet, […]
Nigerians are adopting more VPNs, including decentralized VPNs. The adoption comes as #EndSARS protestors are concerned the government may limit access to parts of the internet. Mysterium, a decentralized VPN, is trying to reach crypto users in parts of the world that grapple with actual and potential internet censorship. The decentralized virtual private network (VPN) Mysterium is seeing an increase in users in Nigeria over the […]
Customers of Ledger, the hardware cryptocurrency wallet, are being targeted by a phishing attack posing as an email from Ledger support. The fake email ostensibly informs users their Ledger assets may be compromised. It states, “Our forensics team has found several of the Ledger Live administrative servers to be infected with malware.” This claim is false; while the email form looks professional, it is a phishing […]
For many people arrested, especially low-income citizens, bail funds are their best hope for freedom while they await trial. Now, some of those funds are accepting cryptocurrency donations. Facilitated by crypto payment processor The Giving Block, the Bail Project, the Chicago Community Bond Fund and the Nashville Community Bail Fund, for example, accept cryptocurrency including bitcoin (BTC), ether (ETH) and even basic attention token (BAT). They’ve […]
Privacy means different things to different people. To some, it’s secrecy. To others, it means anonymity. To some others, it’s associated with criminality. But privacy is really about power. When the web was invented, its openness was key. “The dream behind the Web is of a common information space in which we communicate by sharing information,” Tim Berners-Lee, inventor of the World Wide Web, wrote in […]
Permission.io is a platform that pays users in ASK tokens for engaging with, or even looking at, ads. Built on a fork of the Ethereum blockchain, the Permission platform incentivizes users to grant advertisers and other merchant participants access to their time and data in a peer-to-peer way. Over the past 12 months, the startup has raised $5 million through a token pre-sale, and recently closed […]
Privacy tech company Aleo has launched a data privacy-oriented blockchain and developer kit to make writing zero-knowledge proofs in web applications easy and scalable. The startup is releasing its first round of software tools to let developers write private applications for the web using a new programming language called Leo, as well as integrate these tools into pre-existing browsers’ functions. “I think it’s become very clear […]
Political and social upheaval around the world can lead to internet censorship and interference by powerful actors. The Open Observatory of Network Interference (OONI) is allowing people around the world to monitor internet censorship and interference in their countries in a decentralized manner for free. It has created the world’s largest open dataset on internet censorship, with millions of measurements collected from more than 200 countries […]
Nym now allows bitcoin transactions and has an incentive program for people running its nodes. It is also enabling plugins that will allow users to plug in wallets and applications to run their traffic through its mixnet. What is a mixnet? Nym is a start-up software project working to obscure metadata tracking at a network level via the mixnet it enables. The mixnet itself is hosted […]
Twetch, a micropayment-based social network that runs on the Bitcoin SV blockchain, has introduced an encrypted direct-messaging function that lets users send each other money in the chat. Released Wednesday, Twetch Chat adds a layer of privacy and security to the Twitter alternative and is in line with a trend toward more private communications that have been a focus of companies in recent years. The twist is that […]
Hedge fund manager Arca is stepping up its campaign to overhaul Gnosis, claiming the decentralized exchange and prediction market platform has deviated from its original mission. The post describes Gnosis’ $12.5 million 2017 token sale (which valued the project at $300 million) as an “interest-free loan.” After borrowing the money, the team “failed to deliver the products laid out in its fundraising whitepaper,” Arca contends. The […]
After laying off a third of its staff in April, the project is looking for ways to increase the “diversity of funds” in its budget. Source link
YouTube has long struggled with disinformation, misleading content and outright scams on its site. Despite lawsuits and Google’s own ad policies, cryptocurrency scam ads are still making it through the gates and circulating for days. In April the CEO of Ripple, Brad Garlinghouse, filed a lawsuit against YouTube, alleging the company’s inaction against fraudulent content on its platform has damaged Ripple’s reputation by not curbing scam […]
Next time your phone rings and the caller ID says it’s your bank, telecom company or employer’s IT department, it might be someone else. That’s because little-discussed types of SIM cards offer the ability to spoof any number, can be encrypted and in some cases allows the user’s voice to be altered and cloaked. Such SIM cards are favored by criminals, and they can make social […]
The teenager arrested for allegedly masterminding the recent Twitter hack comes from a community that’s been targeting crypto users for years. The group’s attacks have one big thing in common: They take advantage of human fallibility rather than code vulnerability. These so-called social engineering attacks are growing in sophistication, and while the Twitter case is being prosecuted vigorously, the broader problem is unlikely to end soon, […]