A Facebook Crackdown, Amazon Facial Recognition, and More Security News This Week

Hackers use SS7 flaws to rob banks, Japan goes after IoT vulnerabilities, and more security news this...

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Point-of-Sale Platform Anypay Adds Full Bitcoin Cash Support
Feb03

Point-of-Sale Platform Anypay Adds Full Bitcoin Cash Support

Bitcoin Cash (BCH) proponents were pleased to hear this week that the point-of-sale payment processing application Anypay has fully integrated BCH. With the Anypay platform, anyone can accept BCH at their store using a tablet, mobile device or desktop in a noncustodial fashion. Also read: Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market Crypto Payment Processor Anypay Completes Bitcoin Cash Integration...

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Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison
Feb03

Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison

Joel Ortiz, a college student who allegedly stole cryptocurrency worth over $5 million, has pleaded guilty and accepted a 10-year prison sentence. Ortiz was arrested last year and accused of hijacking the phone numbers of around 40 people. He is now the first person to be sentenced for the crime, commonly known as SIM swapping. Also read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M First Case of...

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Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins
Feb03

Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by using a mechanism known as proof of burn (PoB). Also read: Properties Are Still Being Sold for...

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Fidelity Announces Institutional Crypto Platform is in ‘Final Testing’
Feb03

Fidelity Announces Institutional Crypto Platform is in ‘Final Testing’

Fidelity has published an update announcing that its highly anticipated cryptocurrency exchange and custody platform, Fidelity Digital Asset Services (FDAS), has entered its “final testing” phase. The financial services provider also stated that it is exclusively serving a “select set of eligible clients” while developing the platform. Also Read: Properties Are Still Being Sold for Cryptocurrency Despite...

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