Apple tightens its rules on crypto and NFTs in its App Store

Apple clarified its rules on cryptocurrencies and non-fungible tokens (NFTs) laying out what apps are allowed to do with these technologies.

On crypto exchanges, Apple said in updated App Store rules on Monday, that apps may facilitate “transactions or transmissions of cryptocurrency on an approved exchange.” But the app can only be offered in countries or regions where it has licensing and permission to operate a crypto exchange.

“Apps may not use their own mechanisms to unlock content or functionality,” such as cryptocurrencies or cryptocurrency wallets.

Apple has clarified the rules on NFTs, which can be a digital representation of a real-life asset such as artwork and are usually purchased using cryptocurrency.

Credit: Apple tightens its rules on crypto and NFTs in its App Store (nbcnews.com)

UK Lawmakers Vote to Recognize Crypto as Regulated Financial Instruments

 

Lawmakers in the U.K. voted in favor of recognizing crypto assets as regulated financial instruments and products in the country on Tuesday.

The House of Commons, the Parliament's lower house, met on Tuesday for a line-by-line reading of the proposed Financial Services and Markets Bill, which broadly covers the U.K.'s post-Brexit economic strategy. The lawmakers considered a list of proposed amendments to the bill, including one put forward by parliamentarian Andrew Griffith to include crypto assets in the scope of regulated financial services in the country.

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Biden Administration Wants To Make It Easier To Seize Crypto Without Criminal Charges

 

Buried deep in a 61-page recent report by the U.S. Attorney General, the Biden Administration called for a dramatic expansion in the federal government’s ability to seize and keep cryptocurrency. If enacted, the proposed changes would bolster both criminal forfeiture, which requires a conviction to permanently confiscate property, as well as civil forfeiture, which doesn’t require a conviction or even criminal charges to be filed.

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Credit: Forbes 

How DeFi and Web 3.0 will shape the future of finance

 CEOs and leaders in the banking industry discussed the impact of emerging technologies and innovations on financial service including the development of new decentralised operating models and Web 3.0, the third generation of the internet.

The internet has witnessed some major  disruptions, from  offering read-only, static content at its inception to much more more dynamic, interactive, and decentralised experience now..  Web 3.0 is  evolving with , innovations in decentralised finance (DeFi), blockchain, cryptocurrencies, and distributed ledgers as  its foundation. In December 2021, the total market capitalisation of cryptocurrencies stood at $2.2 trillion while the total locked value in DeFi protocols grew by over 1000% year-on-year.

The financial service industry is  accelerating the adoption of Web 3.0.

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Next 6 Cryptocurrencies Waiting to Explode in 2023

 

Source: Click here 

2022 saw numerous cryptos launch presales, but few were successful. Dash2Trade’s latest presale will be successful. 

Let’s look at some projects and coins that might yield 10x returns by 2023.

Dash 2 Trade

Dash 2 Trade (D2T) is a new cryptocurrency coupled with an analytics-driven platform for traders and investors. Dash 2 Trade raised $400,000 on its first presale day. With growing chatter, demand should rise.

Crypto and climate change: Can web3.0 help get us to net zero

 Source:Click  Here 

Web3.0 will operate on blockchain-enabled technology working on P2P network. It will transform netizens’ experience but the flow of information will be administered by the participants themselves and no control shall be enforced by any single authority. In the absence of a third party like a bank to vet the transaction there is a need to validate ‘system security’ by solving complex puzzles by the cryptographers on devices which are energy hungry. Only after solving the puzzle, miners add a new block to the chain and receive a token as a reward.

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Web3 to inject $1.1T in India's GDP by 2032, following 37x growth since 2020

 

Source : Click Here 

The explosive Web3 growth in the country is supported by several factors, including a large talent pool, a high adoption rate and product development for global markets.

The global Web3 boom is expected to add $1.1 trillion to the Indian economy over the next decade, supporting the investment-based momentum driven by over 450 in-house startups, including CoinDCX, Polygon and CoinSwitch. 

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Can the Reverse-engineered Starlink seen as  backup for GPS : A matter of Security flaw, exploited in Ukraine

Article Source Credit

 

 

"As time goes on and their dependence on Starlink deepens, Ukraine and its allies in the West are coming to appreciate that they have little control over Starlink and know little about it," Humphreys told MIT Technology Review. "But now many millions have a vested interest in Starlink security, including its resilience to jamming.

"Humphreys has done a big service to the navigation community identifying these sequences," Mark Psiaki, an aerospace professor at Virginia Tech and GPS expert told MIT Technology Review. "But any navigation system working on open-source sequences could definitely be spoofed, because everyone will know how to spot those signals and create fake ones."

Starlink has become such an integral part of wartime communications in Ukraine that recent outages were described as "catastrophic" by officials. Musk tweeted this week Russia is "actively working" to destroy the satellites, but Humphreys' discovery — that the signals are predictable and replicable — highlights the possibility for intentional disruption of Starlink.

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French court upholds 100 million euro fine against Google for breaches linked to cookie policy

 Reuters

January 29, 2022 11:02 IST

Updated: January 29, 2022 11:02 IST

France's Conseil d'Etat, the country's supreme administrative court, on Friday said it upheld a decision by a watchdog imposing a 100 million euro ($111.46 million) fine on the U.S. tech giant for breaches linked to its cookies policy.

The fine imposed by France's CNIL data protection authority was proportionate, the court said in a statement.

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Microsoft repelled the most powerful cyberattack in the history of the Internet

 Courtesy : https://thetimeshub.in/

Microsoft has repelled the most powerful DDoS attack to date on users of the Azure cloud platform.

Source: delo.ua

According to the corporation's report, the power of the DDoS attack was 3.47 terabits per second (Tbps).

The DDoS attack was carried out in November 2021, and Microsoft Azure called it the most powerful in the history of the Internet.

Attack vectors are UDP bandwidth saturation -packets to port 80 using Service Discovery Protocol (SSDP), Lightweight Directory Access Protocol (CLDAP), Domain Name System (DNS), and Network Time Protocol (NTP).

In total, in 2021, the company repelled 611,657 unique cyber attacks: 251,944 in the first half of the year and 40% more – 359,713 – in the second.

Most of these incidents occurred on May 10 and August 10 — 2,043 and 4,296, respectively.

The Ministry of Digital Transformation has officially stated that «all evidence points to the fact that Russia is behind the largest cyberattack in 4 years on the websites of Ukrainian government agencies»

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Hackers are Increasingly Targeting Zero-Day Vulnerabilities and Supply Chain Networks for Maximum Impact, says report

 

Courtesy : https://www.expresscomputer.in

The report identified 32 new ransomware families in 2021, bringing the total to 157 and representing a 26% increase over the previous year

Ivanti announced the results of the Ransomware Spotlight Year End Report that it conducted with Cyber Security Works and Cyware. The report identified 32 new ransomware families in 2021, bringing the total to 157 and representing a 26% increase over the previous year.

The report also found that these ransomware groups are continuing to target unpatched vulnerabilities and weaponize zero-day vulnerabilities in record time to instigate crippling attacks. At the same time, they are broadening their attack spheres and finding newer ways to compromise organizational networks and fearlessly trigger high-impact assaults.

Below are a few top observations and trends from the Ransomware Spotlight Year End Report:

• Unpatched vulnerabilities remain the most prominent attack vectors exploited by ransomware groups. The analysis uncovered 65 new vulnerabilities tied to ransomware last year, representing a 29% growth compared to the previous year and bringing the total number of vulnerabilities associated with ransomware to 288. Alarmingly, over one-third (37%) of these newly added vulnerabilities were actively trending on the dark web and repeatedly exploited. Parallelly, 56% of the 223 older vulnerabilities identified prior to 2021 continued to be actively exploited by ransomware groups. This proves that organizations need to prioritize and patch the weaponized vulnerabilities that ransomware groups are targeting – whether they are newly identified vulnerabilities or older vulnerabilities.
• Ransomware groups continue to find and leverage zero-day vulnerabilities, even before the CVEs are added to the National Vulnerability Database and patches are released. The QNAP (CVE-2021-28799), Sonic Wall (CVE-2021-20016), Kaseya (CVE-2021-30116), and most recently Apache Log4j (CVE-2021-44228) vulnerabilities were exploited even before they made it to the National Vulnerability Database (NVD). 

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Millions of US Bank, Payment Cards have Been Compromised, NordVPN Reveals

 

More than 1.5 million US banking/payment cards may reportedly be found via the dark web, according to a study carried out by cybersecurity firm NordVPN.

The study by NordVPN reveals that a total of 1,561,739 American payment card details had been discovered by researchers. This sensitive information was for sale via the dark web. Notably, the average price for a US bank card offered via the dark web was around $5.80.

In statements shared with Yahoo Finance, Adrianus Warmenhoven, Defensive Strategist at NordVPN, said:

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Courtesy : https://www.crowdfundinsider.com

 

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