Showing only posts tagged blockchain. Show all posts.

Security Vulnerability of Switzerland’s E-Voting System

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Online voting is insecure, period. This doesn’t stop organizations and governments from using it. (And for low-stakes elections, it’s probably fine.) Switzerland—not low stakes—uses online voting for national elections. Andrew Appel explains why it’s a bad idea: Last year, I published a 5-part series …

Decarbonizing Cryptocurrencies through Taxation

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Maintaining bitcoin and other cryptocurrencies causes about 0.3 percent of global CO 2 emissions. That may not sound like a lot, but it’s more than the emissions of Switzerland, Croatia, and Norway combined. As many cryptocurrencies crash and the FTX bankruptcy moves into the litigation stage, regulators …

Binance blockchain suffers $570 million hack

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Enlarge / CHINA - 2022/07/25: In this photo illustration, the cryptocurrency exchange trading platform Binance logo is displayed on a smartphone screen. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) (credit: SOPA Images ) Hackers have stolen around $570 million in tokens from Binance, in a rare …

Responsible Disclosure for Cryptocurrency Security

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Stewart Baker discusses why the industry-norm responsible disclosure for software vulnerabilities fails for cryptocurrency software. Why can’t the cryptocurrency industry solve the problem the way the software and hardware industries do, by patching and updating security as flaws are found? Two reasons: First, many customers don’t have …

On the Dangers of Cryptocurrencies and the Uselessness of Blockchain

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Earlier this month, I and others wrote a letter to Congress, basically saying that cryptocurrencies are an complete and total disaster, and urging them to regulate the space. Nothing in that letter is out of the ordinary, and is in line with what I wrote about blockchain in 2019 …

Google Shuts Down Glupteba Botnet, Sues Operators

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Google took steps to shut down the Glupteba botnet, at least for now. (The botnet uses the bitcoin blockchain as a backup command-and-control mechanism, making it hard to get rid of it permanently.) So Google is also suing the botnet’s operators. It’s an interesting strategy. Let’s …

Illegal Content and the Blockchain

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Security researchers have recently discovered a botnet with a novel defense against takedowns. Normally, authorities can disable a botnet by taking over its command-and-control server. With nowhere to go for instructions, the botnet is rendered useless. But over the years, botnet designers have come up with ways to make …