Blockchain bandits hit crypto start-ups

  • Many of the attacks are aimed at the wallets where the digital cash is kept, but others have gone after the blockchains they use to keep track of transactions.
  • Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton – a services firm based around a variant of Bitcoin’s underlying technology, the blockchain.
  • Says Prof Juels, that desire for control and security might limit the ultimate usefulness of blockchains to the banking world.
  • “Banks are interested in blockchains but they are using them in a very rudimentary way,” he says.
  • “There are a lot of malicious actors in crypto-currency right now,” says Ms Kent.

Are hack attacks aimed at the technology behind Bitcoin and other virtual currencies undermining confidence in the digital cash world?
Continue reading “Blockchain bandits hit crypto start-ups”

Blockchain bandits hit crypto start-ups

  • Many of the attacks are aimed at the wallets where the digital cash is kept, but others have gone after the blockchains they use to keep track of transactions.
  • Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton – a services firm based around a variant of Bitcoin’s underlying technology, the blockchain.
  • “Banks are interested in blockchains but they are using them in a very rudimentary way,” he says.
  • “There are a lot of malicious actors in crypto-currency right now,” says Ms Kent.
  • “There are variations in how blockchains are made secure.

Are hack attacks aimed at the technology behind Bitcoin and other virtual currencies undermining confidence in the digital cash world?
Continue reading “Blockchain bandits hit crypto start-ups”

Blockchain bandits hit crypto start-ups

  • Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton – a services firm based around a variant of Bitcoin’s underlying technology, the blockchain.
  • “Banks are interested in blockchains but they are using them in a very rudimentary way,” he says.
  • Many of the attacks are aimed at the wallets where the digital cash is kept, but others have gone after the blockchains they use to keep track of transactions.
  • “There are variations in how blockchains are made secure.
  • “We were hit by the hurricane during the second attack,” she says.

Are hack attacks aimed at the technology behind Bitcoin and other virtual currencies undermining confidence in the digital cash world?
Continue reading “Blockchain bandits hit crypto start-ups”

Blockchain bandits hit crypto start-ups

  • Many of the attacks are aimed at the wallets where the digital cash is kept, but others have gone after the blockchains they use to keep track of transactions.
  • Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton – a services firm based around a variant of Bitcoin’s underlying technology, the blockchain.
  • Says Prof Juels, that desire for control and security might limit the ultimate usefulness of blockchains to the banking world.
  • “Banks are interested in blockchains but they are using them in a very rudimentary way,” he says.
  • “There are a lot of malicious actors in crypto-currency right now,” says Ms Kent.

Are hack attacks aimed at the technology behind Bitcoin and other virtual currencies undermining confidence in the digital cash world?
Continue reading “Blockchain bandits hit crypto start-ups”

Blockchain bandits hit crypto start-ups

  • Many of the attacks are aimed at the wallets where the digital cash is kept, but others have gone after the blockchains they use to keep track of transactions.
  • Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton – a services firm based around a variant of Bitcoin’s underlying technology, the blockchain.
  • “Banks are interested in blockchains but they are using them in a very rudimentary way,” he says.
  • “We were hit by the hurricane during the second attack,” she says.
  • Prof Juels insists that the attacks on one variant of the blockchain technology should not scupper all interest in the field.

Are hack attacks aimed at the technology behind Bitcoin and other virtual currencies undermining confidence in the digital cash world?
Continue reading “Blockchain bandits hit crypto start-ups”

Blockchain bandits hit crypto start-ups

#blockchain bandits hit crypto start-ups - BBC News

  • Many of the attacks are aimed at the wallets where the digital cash is kept, but others have gone after the blockchains they use to keep track of transactions.
  • Back then, Ms Kent was fighting hackers seeking to take over her digital cash start-up Krypton – a services firm based around a variant of Bitcoin’s underlying technology, the blockchain.
  • “Banks are interested in blockchains but they are using them in a very rudimentary way,” he says.
  • “There are a lot of malicious actors in crypto-currency right now,” says Ms Kent.
  • “We were hit by the hurricane during the second attack,” she says.

Are hack attacks aimed at the technology behind Bitcoin and other virtual currencies undermining confidence in the digital cash world?
Continue reading “Blockchain bandits hit crypto start-ups”