Security

Worldcoin Foundation enhances cryptocurrency security by open-sourcing its SMPC system. The foundation’s latest updates could redefine the standards for biometric data protection and personal data custody. Following up on the recent developments reported by CNF on Worldcoin Implements Personal Custody: Ends Personal Data Storage for Millions, the CoinMarketCap update highlights the increasing reliance of organizations on biometric data for security and financial services, amid rising data breaches. On May 15, the Worldcoin Foundation announced the open-sourcing of its Secure Multi-Party…

African-inclined Layer-1 blockchain Tórónet has partnered with NexeralID. The alliance aims to bolster user compliance with KYC solutions using NexeralID’s technology. Tórónet, Africa’s first Layer-1 blockchain developed for underserved markets, announced a strategic partnership with NexeraID to improve digital transaction security in Africa. This partnership marks a breakthrough for Africa, establishing new standards for secure and convenient financial transactions. Tórónet to Integrate KYC Protocols As revealed in a press release shared with Crypto News Flash, a key feature of this…

Mittweida, Germany, May 6th, 2024: Tokenize.it, a pioneering platform in the realm of corporate financing announces the launch of its product Crowdinvesting. The innovative Tokenize.it platform empowers companies to streamline their financing processes by offering up to 8M EUR in GmbH-tokens to both professional and retail investors, eliminating the constraints of traditional shares. The standout feature of Tokenize.it Crowdinvesting lies in its provision of a standardized contract framework tailored specifically to German GmbHs (limited liability companies). This legally optimized setup,…

MicroStrategy Chairman Michael Saylor predicts Ethereum might bag the securities tag soon. Saylor is convinced only Bitcoin is the globally accepted digital asset. MicroStrategy co-founder and Chairman, Michael Saylor has predicted that the US Securities and Exchange Commission (SEC) will classify Ethereum (ETH) as a security this summer. If this happens, Saylor highlights that the regulator would reject spot Ethereum Exchange-Traded Funds (ETFs) filed by asset management firms. Saylor Says Bitcoin is the Winning Accepted Institutional Asset  Saylor made the…

Google Cloud has partnered with Sui Network to drive AI evolution for Web3. The partnership will see about 4 distinct Sui ecosystem overhauls. In a strategic partnership, Google Cloud has announced it is teaming up with the Layer-1 blockchain platform and Solana’s competitor, Sui (SUI). According to the announcement, the partnership focuses on improving AI-powered applications, scalability, security, and user experiences across the Web3 ecosystem. Google Cloud Taps Partnership with Sui The Cloud division platform of Google said the collaboration…

Ethereum co-founder Vitalik Buterin has highlighted the drawbacks of using hardware wallets to secure crypto in his advocacy for Multisignature.  According to him, 90% of his funds are secured using Multisignature, an advanced approach that requires transactions to be validated by more than one signature.  Crypto security takes center stage as Ethereum co-founder Vitalik Buterin makes an insightful presentation on the most effective approach to securing digital assets in addition to the vulnerabilities presented in the most common wallets. His…

While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014. However, a new report suggests that the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, seem to have believed that Ethereum is an unregistered security for a long period of time. SEC and Gensler’s Beliefs Exposed According to the latest FOX report, court documents filed by Consensys on…

[PRESS RELEASE – San Francisco, CA, April 30th, 2024] Galxe, the leading web3 infrastructure and digital identity network, today unveiled Galxe Passport V2, the next evolution in web3 identity management, now enhancing the security and privacy of nearly one million passport holders. With the launch of Galxe Passport V2, users benefit from new features designed to redefine identity verification and management across the web3 ecosystem. As the premier identity solution provider in web3, Galxe continues to lead the industry by…

Optimism (OP) has grabbed investors’ attention in the last day following an intriguing positive price performance. Interestingly, OP’s market gain has occurred following a recent disclosure of certain security flaws associated with the popular layer-2 platform. OP Bounces Back Amidst Optimism Security Concerns On April 26, Offchain Labs, the initial developers of the prominent Ethereum L2 solution Arbitrum, highlighted certain security flaws found in the Optimism Stack fault-proof system. Via a blog post, the team at Offchain disclosed that they…