Security

Web 3 security and risk analytics platform Hexagate announces the launch of ‘The Gate Security Oracle’, a ‘DeFi Firewall’ built on leading EigenLayer AVS, eOracle stack.  Hexagate, a Web 3 security protocol that provides a secure platform for builders in DeFi, has unveiled its premier security oracle – The Gate Security Oracle, in a press release this Tuesday. The security oracle aims to provide a firewall for DeFi projects, securing them from external data risks and threats before they happen. …

The post Ethereum Launches “Attackathon” to Boost Security appeared first on Coinpedia Fintech News Ethereum’s Protocol Security (EPS) team announced a four-week “Attackathon” where security researchers will hunt for vulnerabilities in the blockchain’s code. This time-bound audit challenge aims to improve protocol security, with impactful and compliant reports being rewarded. The event kicks off with a technical walkthrough of the blockchain’s code to ensure participants are well-prepared. With a $2 million prize pool, Ethereum plans to conduct similar events for…

The post TAO Token Dips 15% Amid Bittensor Security Breach appeared first on Coinpedia Fintech News Amidst reports of a possible security breach, the token associated with Bittensor has fallen fiercely as the native token, TAO, fell more than 15% in the past 24 hours, from $281 to $237. While developers investigate the situation, Bittensor co-founder has confirmed that the network has been temporarily suspended. The team is investigating what appears to have been an attack on several Bittensor wallets…

Legal expert Bill Morgan argues Judge Jackson’s ruling strengthens the case that XRP is not a security. Judge Jackson cited Judge Torres’ ruling in the Ripple case, emphasizing the need to distinguish between digital coins and offers to sell them. Renowned proponent of XRP, legal expert Bill Morgan, has said that the recent Binance case decision by District Judge Amy Berman Jackson strengthens the position that XRP is not a security. In dismissing portions of the SEC’s action against Binance,…

Fairfield, CT, USA, June 27th, 2024, Chainwire Uses blockchain and Web3 to incentivize users   to participate and share essential threat data    Interlock today announced a Web3, incentivized crowdsourced internet security community that aims to make the internet safer for everyone, from individuals to global enterprises. Today the company also announced the worldwide general availability of its flagship product ThreatSlayer, a Web3 security browser extension that harnesses the power of blockchain, AI and a global community of users to revolutionize…

Amid the ongoing growth in 2024, The Open Network (TON), linked to Telegram, is facing a surge in phishing attacks. Security experts have warned that the platform’s open nature and the popularity of certain features create vulnerabilities that scammers exploit. The Open Network, TON, blockchain platform linked to messaging giant Telegram, is experiencing a significant surge in phishing activities.  This rapid increase in hoaxes comes amid the platform’s rapid growth in 2024.  Yu Xian, founder of blockchain security firm SlowMist,…

New York, NY, United States, June 25th, 2024, Chainwire The company expands flagship Ethereum mainnet support to accommodate rising user adoption of layer 2 blockchains. Harpie, a blockchain security suite that protects retail investors and their digital wallets from theft, today announces the expansion of their flagship Ethereum wallet protection to include coverage for assets on layer 2 blockchains Base, Polygon, and Arbitrum. Layer 2 market capitalization has surged more than 400% in the last 12 months—up from $11 billion…

FixedFloat, a leading cryptocurrency exchange service, is pleased to announce its return to full operation following a series of security breaches that occurred in February and March of this year. The incidents, which resulted in the theft of $26.1 million, have prompted the company to take significant measures to enhance its security infrastructure and ensure the safety of its users' assets. In February, FixedFloat experienced a major security breach when an attacker exploited a vulnerability in the company's security structure.…

Blockchain is now part of our daily lives, providing secure and decentralized solutions for finance, supply chain management, and more. At the heart of blockchain are consensus mechanisms, which keep the networks reliable and secure. These mechanisms, like Proof of Work (PoW) and Proof of Stake (PoS), validate transactions and the integrity of the network. A new concept, Useful Proof of Work (uPoW), takes it one step further. It uses the network's computational power for productive tasks, like training Artificial…