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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 I can’t understand why anyone thinks these technologies are a good idea. It is now in bankruptcy.

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A Simple Rundown Of Cryptocurrency And Blockchain Technology

SecureBlitz

Here, I will show you a rundown of cryptocurrency and blockchain technology. While many people are familiar with the terms crypto and cryptocurrency trading, the technologies involved and the mechanisms for how to processes work are often misunderstood.

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On the Dangers of Cryptocurrencies and the Uselessness of Blockchain

Schneier on Security

Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. But that’s nothing inherent in blockchain technology—that’s just a bunch of bad design choices bitcoin made. ” I have yet to see one.

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Cryptocurrencies and cybercrime: A critical intermingling

Security Affairs

As cryptocurrencies have grown in popularity, there has also been growing concern about cybercrime involvement in this sector Cryptocurrencies have revolutionized the financial world, offering new investment opportunities and decentralized transactions.

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Where Next for Blockchain Technology After FTX Collapse?

Lohrman on Security

The bankruptcy filing by crypto giant FTX, along with the dramatic drop in the value of most cryptocurrencies in 2022, has raised new questions regarding the future of blockchain technology.

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Open-source repository SourceHut to remove all cryptocurrency-related projects

Tech Republic Security

Also including blockchain-related projects in the ban, SourceHut's creator said the technology is associated with fraudulent activities and high-risk investments. The post Open-source repository SourceHut to remove all cryptocurrency-related projects appeared first on TechRepublic.

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Cryptocurrency Demystified: Your Essential Guide to Digital Money

SecureBlitz

Here is the cryptocurrency guide; read on! As a financial enthusiast, I've always been fascinated by the world of cryptocurrency. The concept of digital currencies independent of traditional financial institutions and governments is intriguing.