5 articles found
Dubai bans privacy coins
The Dubai Virtual Assets Regulatory Authority (VARA) has changed its virtual asset circulation rules. A significant change was the prohibition on so-called privacy coins such as ZCash and Monero. Organizations operating within the local jurisdiction are also prohibited from issuing and promoting this type of cryptocurrency. Well, you can't really blame a major cryptocurrency hub like Dubai for that. They provide transparency and demand it in return.
Halborn Uncovers Vulnerabilities in Popular Blockchains
Researchers from a Web3 security company have recently discovered a number of serious flaws in the Dogecoin, Litecoin, and Zcash blockchains. The most critical vulnerability affects P2P communications, allowing attackers to craft malicious consensus messages to key nodes and cause them to shut down. What's more concerning is that there is a possibility that similar bugs may exist in around two hundred other networks. If cybercriminals manage to exploit these flaws before Halborn receives payment for fixing it, it could put over $25 billion worth of digital assets at risk.