Vulnerability found in IOTA

The researches report on the vulnerability found in IOTA cryptocurrency
08 September 2017   1328

The researchers from MIT Media Lab Digital Currency Initiative (DCI) report on the vulnerability found in IOTA cryptographic hash function. IOTA team provides its customers with this information via their social media:

As reported, the IOTA developers themselves agree with the conclusions of DCI only partially. At the same time, the report says that the creators of the cryptocurrency have already released a corresponding patch, eliminating the identified shortcomings. 

Neha Narula, Director and Digital Currency Initiative at the MIT Media Lab, believes that thanks to the newly discovered vulnerability of IOTA, attackers could destroy or steal users' funds.

You might think that IOTA, a cryptocurrency worth over a billion dollars, and working with organizations like Microsoft, University College London, Innogy, and Bosch, BNY Mellon, Cisco, and Foxconn (through the Trusted IOT Alliance) would not have fairly obvious vulnerabilities, but unfortunately, that’s not the case. 
 

Neha Narula
Director and Digital Currency Initiative at the MIT Media Lab

The price of the digital currency is reducing due to the information about the vulnerability found.

IOTA on the coinmarketcap.com chart IOTA on the coinmarketcap.com chart

Thus, at the time of writing, IOTA cryptocurrency price is about $0.53.

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   232

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.