Blockchain 

Decentralized Communication Startup New Vector Raises $8.5M

London-based decentralized communication startup New Vector has raised $8.5 million to drive adoption for Matrix, a major alternative messaging protocol. Slack rival Riot.IM The Matrix protocol, which enables secure communication via end-to-end encrypted messaging applications such as Riot.IM, an alternative to WhatsApp, Telegram or Slack, will continue scaling and growing its network with the newly raised funds, New Vector announced on Oct. 10. Investors of the New Vector’s Series A funding round included London-based European seed fund Firstminute Capital, cloud computing and Software as a service (SaaS)-focused Notion Capital and…

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Bitcoin 

Vitalik Buterin Dismisses Rumors New Constantinople Feature Allows Attack Vector

Ethereum (ETH) co-founder Vitalik Buterin and other core devs have dismissed allegations that a new smart contract creation feature set to be released in the forthcoming Constantinople hard fork will have negative security implications. The discussion was held during a Ethereum core developer call on Feb. 15. The feature in question is called “Create2” — designated as Ethereum Improvement Proposal (EIP) EIP-1014 — and is intended to allow for interactions with a contract that does not yet exist on the blockchain — specifically, “addresses that do not exist yet on-chain…

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Blockchain 

Buterin-Proposed Constantinople Ethereum Feature Allegedly Introduces Attack Vector

Ethereum (ETH) co-founder Vitalik Buterin has proposed a new smart contract creation function dubbed “Create2.” This function reportedly introduces a new attack vector to the platform, according to a post on the Ethereum developers forum Ethereum Magicians published on Feb. 8. According to a Medium post by software developer Tim Cotten, the original create function creates a new contract at an address that is calculated (through a hash function) with the creator’s address and a random number (nonce) associated with it. Create2, on the other hand, reportedly does the same,…

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Bitcoin 

Cryptojacking Increasingly Popular Attack Vector for Botnets

A new bulletin from Russian internet security company Kaspersky Labs published Nov. 28 states that crypto mining malware became increasingly popular among botnets in 2018. Stealth crypto mining attacks – also know as cryptojacking – work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. According to Kaspersky, after the crypto market bull run subsided in Jan.-Feb. 2018, interest in cryptojacking also briefly tapered off – yet it has nonetheless remained a consistent and current threat throughout the year. Number…

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