Blockchain Security Firm Verichains Identifies Critical Key Recovery Attacks

Verichains, a leading provider of blockchain security solutions, has announced that the firm discovered critical Key Recovery Attacks in Popular Threshold Signature Scheme (TSS), a Multi-Party Computing (MPC) protocol. MPC is one of the most popular technologies used by multiparty wallets and digital asset custody solutions. With these vulnerabilities, many of the current safety protocols will be impacted. It has quickly become the standard for securing digital assets of many major blockchain and financial organizations, such as the largest global custodian bank BNY Mellon, Europe’s largest neobank Revolut, ING, Binance,…

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SEC Takes Action Against Crypto Trading Platform Beaxy and Its Executives

The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated at least $900,000 for personal use, including gambling.” SEC Charges Crypto Exchange Platform Beaxy The U.S. Securities and Exchange Commission (SEC) announced Wednesday that it has filed charges against crypto asset trading platform Beaxy, its founder, and its executives. SEC Chairman Gary Gensler commented: We allege that Beaxy and its affiliates performed…

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BTC and ETH Market Analysis: What Happened Over The Weekend?

Cryptocurrency prices reversed course on Monday from their recent downturn as regulators made moves to contain what appeared to be a widening bank crisis. In addition, comments from the Federal Reserve have dispersed investor fears about the impact of the collapsing banks on the banking sector and economy. Bitcoin, Ethereum, and all major cryptocurrencies saw a spike in their prices on Monday, and they are still rallying as of early Wednesday. Last week, state regulators shuttered Signature Bank on Sunday, which has roughly 30% of its deposit from cryptocurrency customers.…

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Core’s Revolutionary Satoshi Plus Consensus Marries Decentralization, Security, and Scalability

Singapore, Singapore, 30th March, 2023, Chainwire Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability. Without Core’s advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism…

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