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Wednesday, 26 December 2018 21:56

ARTICLES ON SECURITYLAB.RU

The leading information security portal SecurityLab.ru has published a note: CipherTrace - audit trail encryption (2018/12/16).

For the first 9 months of 2018, theft in the cryptocurrency industry reached about $ 1 billion...

The October report by CipherTrace shows that the criminals used bitcoin to launder $ 2.5 billion of dirty money. Thus, 380 000 BTC was laundered on cryptocurrency exchanges.

A new study showed that 97% of criminal bitcoins flow into unregulated cryptocurrency exchanges.

Bitcoin's anonymity is a stumbling block for many, almost from the day it appeared. Despite the fact that a number of politicians and experts consider the first digital money to be completely anonymous, yet this is not true. To make a bitcoin transaction, you do not need personal data and the user's address, but information about all operations remains in the public distributed registry. This may allow you to track cash flow.

There are measures that can increase the anonymity of translations. For these purposes, services have been developed - cryptocurrency mixers. For example, you can convert Bitcoin to other cryptocurrencies, and then back. However, even such methods do not make the first cryptocurrency completely confidential. Both the sender and receiver can still be calculated.

It is noteworthy that at the moment, many state and commercial companies have attended to the identification of users. They make a lot of effort to master the methods of computing the identities of those who make suspicious transfers. Therefore, it’s impossible to talk about complete anonymity on the Bitcoin network...

Source: SecurityLab.ru

Source: K4Y0T Project.

Published in MEDIA ABOUT US
Monday, 03 December 2018 16:01

ARTICLES ON SECURITYLAB.RU

The leading information security portal SecurityLab.ru has published a note - Cryptocurrency on guard - Sentinel Protocol (2018/11/29).

While the basic technology of Blockchain has already earned an excellent reputation for its high level of security, cryptocurrency assets continue to be stolen daily. Cryptoexchange and wallets today have limited capabilities to prevent users from receiving or sending cryptocurrency funds to malicious addresses or to detect malicious URLs associated with phishing and malware.

The rapid development of computer technology in the 21st century has led to the manifestation of complex and intellectual threats that hinder the further introduction of innovations. Although the essence of cryptocurrency is decentralization, it has also become their biggest weakness. Since in a decentralized cryptocurrency system there is no protection against threats, the burden of security still falls on the shoulders of individuals and corporations. The Sentinel Protocol eliminates the disadvantage of decentralization, turning it into a security advantage. Using the collective intelligence, created by using the decentralization capabilities, Sentinel Protocol combines cryptographic functions and intelligent threat analysis algorithms to create a safe innovation ecosystem.

Let's take a closer look at the Sentinel Protocol platform. So, there are three main security issues that the average cryptocurrency user faces: the first problem is that ordinary users are too easily compromised. The second problem is that, although attackers can often identify victims, users cannot easily identify them. Finally, the damage caused by the attacking users is their personal responsibility...

Source: SecurityLab.ru

Source: K4Y0T Project.

Published in MEDIA ABOUT US
Tuesday, 13 November 2018 13:46

ARTICLES ON SECURITYLAB.RU

The leading information security portal SecurityLab.ru has published a note - Fighting cryptocurrency crime (2018/11/12).

The rapid development of technology promises not only great profits, but also carries significant risks. The situation with the fraud associated with the turnover of cryptocurrency and tokens (other digital assets) is aggravated.

As soon as platforms began to emerge expertise in the field of combating cryptocurrency fraud. Such as platform Crystal Blockchain.

Crystal is the result of two years of work and development by Bitfury Group’s development team. Consisting of world-class blockchain analysts, award-winning mathematicians and professional software developers, united by the idea of using Blockchain technology to build a better, secure future.

They turned this idea into reality, developing best-in-class blockchain solutions for people all over the world ... The results of current investigations and team research are available...

Source:  SecurityLab.ru

Source:  K4Y0T Project.

Published in MEDIA ABOUT US

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