Blockchain 

Blockchain Voting is Vulnerable to Hacking and Low-Quality Data: Research

Nir Kshetri, a professor of management at the University of North Carolina, has suggested that before blockchain-based voting can be considered safe and trustworthy, some major issues must be resolved. In an article published on Oct. 18, Kshetri claims that “small-scale tests run so far have identified problems and vulnerabilities in the digital systems and government administrative procedures” that must be solved before adopting the technology.  Hard to audit Per the report, such systems need to verify voters’ identities — often by analyzing a portrait photo or video with facial…

Read More
Blockchain 

PIVX, Possibly Other PoS Chains Vulnerable to Bug, Attackers Profit

Private transactions cryptocurrency PIVX and over 200 other blockchains are vulnerable to a vulnerability allowing the attacker to obtain disproportionately high staking rewards. A major staking vulnerability Cryptocurrency consulting firm Lunar Digital Assets claimed in a post published on its website on Aug. 12 that a staking vulnerability is being used across PIVX and its forks. The weakness reportedly allows the attacker to obtain mathematically impossible staking rewards on vulnerable Proof of Stake (PoS) chains. According to the post’s author, the PIVX development team claimed to have solved the issue…

Read More
Bitcoin 

60% of All Bitcoin Full-Nodes Are Still Vulnerable to Inflation Bug

According to bitcoin (BTC) node stats reported on the website of bitcoin core developer Luke Dashjr, 60.22% of the coin’s full-nodes are running software still vulnerable to the inflation bug at press time. According to the reported data, the software running on 60,101 bitcoin full-nodes is vulnerable to the CVE-2018-17144 bug. As Cointelegraph reported at the end of September last year, the bug allows malicious miners to artificially inflate bitcoin’s supply via a simple type of double input. According to a Cointelegraph analysis, at the time — likely because of the…

Read More
Bitcoin 

Bitcoin, Altcoins Are Vulnerable to New Lows, Fundstrat Warns Clients

Cryptocurrency markets could soon hit lower lows and continue their record bear market, investment and analysis firm Fundstrat Global Advisors warned in an email quoted by Bloomberg on Feb. 6. Writing to traders, one strategist at the firm, Robert Sluymer, forecast that on the basis of current performance, there was a chance Bitcoin (BTC) and altcoin prices could dip further. BTC/USD has fallen around 2.2 percent over the past week to trade at $3,370 as of press time Thursday, as many altcoins have seen bigger drops. Sluymer said: “The price…

Read More
Ethereum 

Only XRP Private Keys That Used Software From Before August 2015 Are Vulnerable

Ripple (XRP) software libraries published before August 2015 potentially rendered private keys which signed multiple transactions vulnerable, Ripple announced in a statement released on Jan 16. Recent research jointly conducted by the DFINITY Foundation and the University of California revealed that a portion of Bitcoin (BTC), Ethereum (ETH) and Ripple addresses are vulnerable. As is known among cryptographers, the security of Elliptic Curve Digital Signature Algorithms (ECDAs) employed by the aforementioned cryptocurrencies is highly dependent on random data, which are known as nonces. The research further explains: “It is well…

Read More