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Cryptocurrency Startup Loses Encryption Key for Electronic Wallet

Schneier on Security

The cryptocurrency fintech startup Prime Trust lost the encryption key to its hardware wallet—and the recovery key—and therefore $38.9 It is now in bankruptcy. I can’t understand why anyone thinks these technologies are a good idea.

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Clever Cryptocurrency Theft

Schneier on Security

It is insane to me that cryptocurrencies are still a thing. A clever hacker used a “flash loan” feature of another decentralized finance project to borrow enough of the currency to give himself a controlling stake, and then approved a $182 million transfer to his own wallet.

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Nick Weaver on Regulating Cryptocurrency

Schneier on Security

Nicholas Weaver wrote an excellent paper on the problems of cryptocurrencies and the need to regulate the space—with all existing regulations. As such, the cryptocurrency space has grown over the past decade with very little regulatory oversight. When regulating cryptocurrencies, the best starting point is history.

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Signal Adds Cryptocurrency Support

Schneier on Security

According to Wired , Signal is adding support for the cryptocurrency MobileCoin, “a form of digital cash designed to work efficiently on mobile devices while protecting users’ privacy and even their anonymity.” Combining it with a cryptocurrency means that the whole system dies if any part dies.

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Everything You Need to Know About Crypto

Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy

Cryptocurrency and non-fungible tokens (NFTs) - what are they and why should you care? With 20% of Americans owning cryptocurrencies, speaking "fluent crypto" in the financial sector ensures you are prepared to discuss growth and risk management strategies when the topic arises.

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FBI Seizes Stolen Cryptocurrencies

Schneier on Security

The Wall Street Journal is reporting that the FBI has recovered over $30 million in cryptocurrency stolen by North Korean hackers earlier this year. These addresses can be created quickly without them being linked to a cryptocurrency company that could freeze the funds.

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New Malware Targets Exposed Docker APIs for Cryptocurrency Mining

The Hacker News

Cybersecurity researchers have uncovered a new malware campaign that targets publicly exposed Docket API endpoints with the aim of delivering cryptocurrency miners and other payloads.