Crypto Currency

Cryptocurrency Company Hacks Itself Before Hackers Can Hack It

Worldwide Developers Conference kicked off the week, bringing with it some interesting security enhancements for iOS and macOS users. The company will start offering its own single sign-on option, competing with Google and Facebook but with enhancements those two currently don't offer. And it rejiggered its Find My feature using some very clever cryptography. On…

Worldwide Developers Conference kicked off the week, bringing with it some interesting security enhancements for iOS and macOS users. The company will start offering its own single sign-on option, competing with Google and Facebook but with enhancements those two currently don’t offer. And it rejiggered its Find My feature using some very clever cryptography. On the other hand, the company only just now got around to patching a 20-year-old modem bug, and noted macOS hacker Patrick Wardle dropped yet another zero day vulnerability.

There’s more than just Apple news of course, even though it sometimes doesn’t feel like it. The 2020 election feels far away, but there’s still not enough time to make sure the vote is secure. Russia and Iran’s plans to cordon themselves off from the rest of the internet continue apace, a dangerous fragmentation. An internet outage rocked the internet last week, thanks to a Google Cloud Catch-22. And an excerpt from Joseph Menn’sCult of the Dead Cow: How the Original Hacking Supergroup Might Just Save the Worldtakes a look at @stake, a hugely influential cybersecurity company founded in 1999.

And there’s more! As we do every Saturday, we’ve rounded up the security stories that WIRED didn’t break or cover in depth this week, but that you should know about. Click on the headline to read the full story, and stay safe out there.

A Cryptocurrency Company Hacked Itself Before Hackers Could Hack It

Here’s something you don’t see every day. When the Komodo Platform, a cryptocurrency startup, found out about a backdoor present in its Agama wallet app, it took a somewhat unusual st

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Crypto Currency

Bitcoin Blockchain Backs Sui Network Contracts and Agent Payments

TLDR: Sui Network reported more than $500 million in institutional commitments for its DeFi protocols, but it did not disclose deployed liquidity or adoption figures. The Bitcoin blockchain remains the security reference for Sui contracts, which carry cryptographic rights tied to Bitcoin rather than replacing the original chain…

TLDR: Sui Network reported more than $500 million in institutional commitments for its DeFi protocols, but it did not disclose deployed liquidity or adoption figures. The Bitcoin blockchain remains the security reference for Sui contracts, which carry cryptographic rights tied to Bitcoin rather than replacing the original chain…
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Crypto Currency

Did Satoshi Get Bitcoin Wrong? Claude’s NSA Discovery Sparks Debate

For 25 years, one suspicion haunted the mathematics protecting much of the internet: had the NSA secretly built a way to crack it? Now, an AI model may have weakened that theory. And Bitcoin’s creator is suddenly part of the argument. On Friday, Anthropic revealed that its Claude AI model solved a mystery that had

For 25 years, one suspicion haunted the mathematics protecting much of the internet: had the NSA secretly built a way to crack it? Now, an AI model may have weakened that theory. And Bitcoin’s creator is suddenly part of the argument. On Friday, Anthropic revealed that its Claude AI model solved a mystery that had
The post Did Satoshi Get Bitcoin Wrong…
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Crypto Currency

Bitcoin ETFs Lose $82 Million As BlackRock Leads Friday’s Withdrawals

TL;DR: US spot Bitcoin ETFs recorded approximately $82.4 million in net outflows on October 16. BlackRock’s IBIT accounted for $71.8 million of withdrawals, with Fidelity’s FBTC recording about $10.6 million. BlackRock’s flagship spot Bitcoin ETF accounted for most of the selling as US-listed Bitcoin investment funds closed Friday’s session with net withdrawals of approximately $82.4

TL;DR: US spot Bitcoin ETFs recorded approximately $82.4 million in net outflows on October 16. BlackRock’s IBIT accounted for $71.8 million of withdrawals, with Fidelity’s FBTC recording about $10.6 million. BlackRock’s flagship spot Bitcoin ETF accounted for most of the selling as US-listed Bitcoin investment funds closed Friday’s session with net withdrawals of approximately $82.4 million…
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Crypto Currency

Arthur Hayes Says OpenAI and Anthropic Are Worthless and Bitcoin Wins

Bitmex co-founder Arthur Hayes says the artificial intelligence boom is burning cash on a government backstop, and that the bigger it gets, the higher bitcoin goes. The Arguments Put Forth by Hayes Hayes laid out the convictions on the Convergence podcast with Luke Martin, with his four key talking points being: Money is being wasted…

Bitmex co-founder Arthur Hayes says the artificial intelligence boom is burning cash on a government backstop, and that the bigger it gets, the higher bitcoin goes. The Arguments Put Forth by Hayes Hayes laid out the convictions on the Convergence podcast with Luke Martin, with his four key talking points being: Money is being wasted…
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