Exchanges are updating due to Intel vulnerability

Hackers can steal data from billions of devices connected to the Internet, from smartphones to servers
05 January 2018   367

Computer bugs are found quite often and few people are surprised, but the critical vulnerability recently found in Intel processors has become a sensation. With its help, attackers can steal data from billions of devices connected to the Internet, from smartphones to servers.

Holders of cryptocurrency, which have become a favorite target of hackers, have all the reasons for concern. Vulnerability can also be affected by cloud services, which are often used by crypto-currencies, experiencing increased loads amid a rapid increase in the number of traders.

While Microsoft and Amazon eliminate vulnerabilities in their cloud platforms, crypto-currency exchanges are experiencing service disruptions. 

Several exchanges, including Einstein Exchange, and Kucoin, also temporarily suspended service. Some of them specified that interruptions are related to the vulnerability of Intel, while others simply reported technical work.

The manufacturer of hardware wallets Ledger wrote that his device does not affect this vulnerability. 

Intel's bug has one more negative effect: as a result of the update, the performance degradation of devices can reach 30%. At the same time, this problem will not affect miners, since the process of mining the crypto currency does not require the fulfillment of a large number of requests to the core of the processor.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
21 February 2018   28

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.