More than two dozen Proof-of-Stake (PoS) cryptocurrency networks are vulnerable to what has been dubbed a “fake stake” attack. The vulnerability allows a node with a very small stake to overwhelm competing nodes with false data and essentially crash them. Once competing nodes are gone, the attacking node can have a majority of stake on the crypto network, enabling it to conduct a 51% attack as the only validating node. Reported to CCN.
The Italian government could soon amend regulations to allow legalized blockchain timestamping and validation of digital documents. Reported to CoinDesk.
If the actions of Buzzfeed and Verizon Media Group are anything to go by, these are hard times in the digital media space. Within hours of each other, the two online media outfits have announced they will be laying off hundreds of employees. Reported to CCN.
The Italian Senate committee has approved an amendment on blockchain industry regulation, Cointelegraph Italia reports on Jan. 24.
United States-based health insurance giant Aetna has partnered with IBM to create a blockchain network tailored to the healthcare industry, reported to Cointelegraph.
Harvard University, jeans giant Levi Strauss and U.S. think-tank New America are investigating blockchain as a means to improve labor welfare. Reported to CoinDesk.
The Jamaica Stock Exchange (JSE) is planning to list security tokens as tradeable assets for clients. Reported to CoinDesk.
Galaxy Digital, the crypto merchant bank launched by former hedge fund manager Michael Novogratz, is reportedly raising $250 million to build a credit fund. Reported to CoinDesk.
New comments from the chief executive of the Hong Kong Stock Exchange (HKEX) may have dampened the hopes of several cryptocurrency mining giants that have filed for initial public offerings (IPOs). Reported to CoinDesk.