GateHub launched Wallet Protect, a new service for XRP ledger wallets that provides back-up key creation, secure key storage, fund recovery, and theft cover. These new safety features, which are provided by Coincover, offer peace of mind for anyone looking to guarantee the safety of their cryptocurrency holdings. With 1.5 million customers, GateHub is one of the world’s largest XRPL gateways, allowing its users to send and receive payments from any supported network.
Identity Management Institute raises concerns over identity, access, and fraud risks in Decentralized Finance (DeFi) and cryptocurrency wallets. With the increasing use of cryptocurrency wallets and perhaps the inevitable arrival of a decentralized financial system, the foreseeable risks of identity theft and fraud must not be ignored. The most substantial risks in decentralized finance will be in the area of identity and access management.
NTT Security, the specialized security company for NTT Group, has warned that organizations could be targeted by malware designed for mining cryptocurrency. In a new report out, researchers at its Global Threat Intelligence Center (GTIC) share their research into a type of malware solely designed to mine Monero (XMR), a form of cryptocurrency affording its users the greatest amount of anonymity.