US Department of Energy Progresses With Blockchain Power Plant Security Research

A blockchain project sponsored by the United States government aiming to bolster power plant security has entered its second phase, participants confirmed in a press release on April 10. The project, principally a partnership between the U.S. Department of Energy’s (DOE) National Energy Technology Laboratory (NETL) and Colorado-based security firm Taekion, aims to reduce the…

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US Energy Department Eyes Blockchain to Prevent Power Plant Cyberattacks

The U.S. Department of Energy is exploring blockchain technology as a line of defense against cyberattacks on power plants. The department’s National Energy Technology Laboratory (NETL) unit announced Wednesday that phase two of an electric grid security project has been launched in partnership with decentralized cybersecurity startup Taekion, formerly Grid7. The laboratory provided a grant of $1…

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Kraken Ramps Up Security With Enforced 2FA and Dedicated Lab

Cryptocurrency exchange Kraken has introduced two new initiatives aimed at enhancing client and industry security. Firstly, the firm’s recently appointed chief security officer, Nicholas Percoco, announced in a blog post on Tuesday that the exchange has launched compulsory two-factor authentication (2FA). Kraken has had 2FA as an option for usres since its launch in September 2013,…

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Insurance Giant AXA XL Launches Security Token and Crowdfunding Insurance Service

Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs), according to a press release published on March 6. The new product dubbed CrowdProtector is designed for issuers and investors, and purportedly protects new online capital formation strategies like equity crowdfunding…

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Swissquote Bank Launching ‘Nuke Proof’ Crypto Custody

Online banking and trading group Swissquote is launching a crypto custody service later this month. The Switzerland-based firm announced Friday that, starting March 21, retail and institutional customers will be able to transfer cryptocurrencies from external wallets to be stored in a Swissquote account. Swissquote has partnered with Zug-based Crypto Storage AG, a subsidiary of…

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IBM Releases Security Testing Tool for Enterprise Blockchain Takers

IBM has launched an operational version of its in-house security testing tool for blockchain solutions, the company confirmed in a press release on March 5. IBM Security’s X-Force Red, the firm’s dedicated security task force, released the X-Force Red Blockchain Testing service in order to tackle remaining inefficiencies in enterprise blockchain deployments. “IBM X-Force Red…

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Hackers Just Stole Another $180K in Ether From Cryptopia Exchange

Hackers apparently still have control over New Zealand-based cryptocurrency exchange Cryptopia. Blockchain data analytics firm Elementus said in a blog post Tuesday that Cryptopia’s hacker, after going quiet for some days, has stolen an additional 1,675 ether from 17,000 wallets – an amount worth about $181,000 at the time of writing. While initially it looked like…

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