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The blockchain security firm will look to support open-source projects building security and privacy tools and services for Web3. Blockchain privacy firm Nym Technologies has launch ed a $300 million funding program aimed at providing capital to projects building security-focused infrastructure . The Nym Innovation Fund will draw capital from venture capitalist investors including Polychain, KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools and services. Nym Technologies CEO and co-founder Harry Halpin said that privacy remains a central cog in ensuring that a decentralized internet remains resistant to censorship and avoids the pitfalls of Web2: “This programme will ensure the health of the privacy ecosystem but it will also advance the Web3 industry as a whole, providing mentorship and funding during this difficult macroeconomic climate.” Halpin told Cointelegraph that prospective projects that apply for funding could recei...

The SEC has already dismissed charges against Ripple CEO Brad Garlinghouse and executive chair Chris Larsen, while the retail XRP sale ruling also went against the regulator. The United States Securities and Exchange Commission (SEC) has a very slim chance of winning the appeal against Ripple in the ongoing lawsuit, according to lawyer Bill Morgan, who has been closely following the lawsuit. Morgan in a post on X (formerly Twitter) argued that there is no obvious appellable error other than in “Ripple’s favour regarding ODL sales which don’t meet at least two prongs of the Howey test,” while adding there is a very slim chance of about 3% for SEC’s success in getting an appeal against Ripple. I don’t see any obvious appellable error other than in Ripple’s favor in respect of ODL sales which don’t meet at least two prongs of the Howey test. The SEC’s prospects of success on appeal are very slim and I feel generous today so I am giving it 3% chance of success on appeal https://t.co/FR...

Kenya has suspend ed all Worldcoin project activities in the country until it can be confident that there are no risks to the public. The Ministry of the Interior and National Administration in Kenya announced on Aug. 2, 2023, that Worldcoin will no longer operate in the country. According to a release posted on Facebook, there are ongoing investigations by the country’s security , data protection, and financial services agencies, concerning the legality and authenticity of Worldcoin’s biometrics data collection. You might also like: Worldcoin onboarding 1 user every 8 seconds despite waning interest “The Government is concerned by the ongoing activities of an organization calling itself “WOLRDCOIN” which is involved in the registration of citizens through collection of eyeball/iris data.” Excerpt from Kenya press release Meanwhile, the suspension, which takes immediate effect, will be in place “until relevant public agencies cer...

Kroll breach reveals non-sensitive customer data in the FTX bankruptcy case. FTX’s internal systems remain unaffected, ensuring user security. FTX cautions users against potential fraud attempts in the wake of the incident. The bankrupt FTX crypto exchange has warned its users of potential scam emails following a cyber security incident. In particular, Kroll, the claims agent overseeing the bankruptcy proceedings, experienced a cyber security incident. FTX disclosed the development in a tweet early on Friday. It noted that the cyber security breach resulted in the exposure of non-sensitive customer data. The exposed data belong to specific claimants involved in the ongoing bankruptcy case. (1/3) FTX learned that Kroll, the claims agent in the bankruptcy, experienced a cyber security incident that compromised non-sensitive customer data of certain claimants in the pending bankruptcy case. — FTX (@FTX_Official) August 25, 2023 According...

Since Binance and Coinbase were sued for offering unregistered securities, Dorsey has tweeted posts promoting a focus on Bitcoin development. Long-time Bitcoin (BTC) advocate Jack Dorsey has found himself in a Twitter war with several crypto industry pundits after he responded with “yes” to a question asking if Ether (ETH) was a security . The comment caught the attention of Udi Wertheimer, a Bitcoin Ordinals developer at Taproot Wizards, who inferred Dorsey was a “clown” in a tweet on June 6. In response, Dorsey tweeted “ETH is not a security ? Teach me wizard,” which prompted Wertheimer to share a five-year-old video of the United States Securities Exchange Commission (SEC) chair Gary Gensler stating that ETH was now “sufficiently decentralized” and wasn’t a security . clowns. pic.twitter.com/S8AiJwuMem — Udi Wertheimer (@udiWertheimer) June 6, 2023 However, Gabor Gurbacs, strategy advisor to stablecoin issuer Tether and investment management firm VanEck weighed in on Werthei...

With the toolkit developers and security researchers can test, analyze and debug transactions via controlled private fork chains from the Ethereum mainnet. Blockchain security tech firm BlockSec has launched a new toolkit that enables collaborative testing on private chains “forked from arbitrary (transaction) positions” and block numbers on the Ethereum mainnet. The developer and security researcher-focused toolkit is dubbed the “Phalcon Fork” and was launched by BlockSec on April 14. We're thrilled to introduce Phalcon Fork, a cutting-edge toolkit for Web3 developers & security researchers! It enables collaborative testing with private mainnet states, creating private chains forked from any mainnet position. #Web3 #DeFi pic.twitter.com/TlK169GeLP — BlockSec (@BlockSecTeam) April 14, 2023 Phalcon Fork aims to provide greater control over work being conducted on test nets such transaction testing , Analysis and debugging. In the user manual, BlockSec touts that this ...

Here are the most common tactics scammers employ when targeting crypto users and their wallets. Crypto security is one of the hottest topics for investors and companies actively working on creating better security solutions for the Web3 industry. Web3 Antivirus was created in an effort to make wallet security more accessible to all users in the space. The company offers a browser extension that helps users monitor wallet interactions and spot potential scams and malicious activity before investors fall victim to them. Below are the most common crypto scams and malicious tactics, and how to protect against them below as found through the experience of developing Web3 Antivirus. Malicious transactions Hacker tactics: While on a malicious site, the user can sign a transaction that grants access to all of their assets instead of making an NFT purchase transaction. The scammer would then be able to empty the user’s wallet, stealing assets for which access permission has been granted. User...