KyberNetwork partners with UC Berkeley to research blockchain

They are going to study ways to build better decentralized exchanges
23 November 2017   272

These two groups would be looking trading’s aspects, for example strategies and sustainability, diversity and specifically within KyberNetwork's early-stage exchange model. They have developed the roadmap for three-month. They will hope to find potential problems and solutions for exit from them.

 

We see the power of [decentralised exchanges] to influence adoption of the technology by mainstream users. Berkeley students, energetically focused on innovation and creative problem-solving, are an excellent group to help extend KyberNetwork's ideas and creative energy.

 

Loi Luu

Kyber's chief executive and co-founder

The team are looking four parameters: how many tokens users can transact at one moment, how long reserv rebuild, how many times to lock-up for reserve, price of token. Students, faculty, employees, researchers, engineers and others are participant in this research.

The hypothesis is about potentially unable of centralized exchanges to handle large volumes of users and decentralized would be trading platforms as a better alternative.

Tesla's cloud account hacked to mine cryptocurrency

Independent security group discovered Tesla's cloud account being hacked and infected with a miner-virus
21 February 2018   23

Cryptocurrencies are on the rise and all sorts of shady characters are trying to get in with dubious methods. Recent string of hacking attacks is a perfect example. And now not only exchanges and users with their hard-earned coins are in danger, but also companies with large cloud infrastructure face the same threat.

RedLock, a security research firm, reports that electric car manufacturer Tesla's cloud account information has been leaked to the internet, which allowed hackers to access the company's cloud. It has been hacked and hardware infected with a miner virus called Stratum. The mining protocol masks itself with low CPU usage and obscuring the IP of the mining server.

Of course, RedLock immediately contacted Tesla with this information and the company quickly got to fixing the breach. Tesla's spokesperson assured us that customer personal information hasn't been compromised, and that the vulnerability was patched in a matter of hours. Only small test park of internally-used engineering sample cars has been impacted and no indication whatsoever discovered that actual customer cars have been compromised in any way.

It certanly looks possible, because according to the same RedLock Cloud Security Intelligence group mining profitability of Tesla's cloud is worth a lot more that all the customer data available could be sold for on the black market. This also isn't the first instance of such a hack with no data being stolen. In fact, hacks with intention of hijacking mining capacity has already targeted Gemalto, a world's largest SIM-card manufacturer, and Aviva, a British insurance company, just to name a few.