Bitcoin 

New Wallet Security Solution ‘Far Superior’ to Multi-Sig

The CEO of Binance claims that a newly open-sourced solution for wallet providers and custodians is “far superior” to multi-sig security and will reshape the industry. In a tweet published on Nov. 6, Changpeng Zhao linked to a new open-source release from Binance, declaring: “I believe TSS (threshold signatures scheme) will reshape the landscape for wallets and custodian services. It is far superior to multi-sig.” Unlike multi-sig, TSS is implemented off-chain Binance has today released an open-source implementation of its Threshold Signature Scheme (TSS)  library for Elliptic Curve Digital Signature…

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Bitcoin 

The Dangers of Mining Pools: Centralization and Security Issues

The larger percentage of cryptocurrency enthusiasts that turn to mining pools, all the more dangerous this kind of mining is likely to become. The reason is simple: The potential rewards grow in correspondence with the number of participants and their hash power, and so too does the incentive to profit from it in less-than-legal or acceptable ways for some parties. Why mine together? In cryptocurrency mining — just like with real-life gold mining — the days of lone-wolf gold diggers drifting from place to place with their trusty tools in…

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Cryptocurrency 

Privacy Vs. Security, Do Authorities Monitor Every Crypto Transaction?

Tracking cryptocurrency transactions is getting easier for law enforcement agencies. On Oct. 16, Cointelegraph reported on how authorities in the United States successfully shut down an international child pornography site. To identify the criminals, the investigators used tools developed by analytic company Chainalysis, which helped to track the Bitcoin (BTC) wallets, used by the criminals to receive payments from customers. As authorities find more and more ways to track cryptocurrencies, criminals use new techniques, and many sites remain beyond government control. Who will win this battle and can the fight against…

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Cryptocurrency 

Japan Security Token Offering Association: The Way of Self-Regulation

Security token offerings, or STOs, have more or less taken the mantle from their semi-defunct counterpart, the initial coin offering (ICO). Still, the extreme rise and subsequent fall of the ICO has left quite an impression on the cryptocurrency industry. At its peak prevalence in 2017, this novel fundraising prototype accumulated a total of $6.2 billion — but it wasn’t set to last. Come December of the same year, ICOs had become a shadow of their former selves, plummeting in demand. So far, a mere $366 million has been raised…

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