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Trezor has denied 4 of the 5 vulnerabilities of his cryptograph, announced by Ledger

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Trezor hardware crypto product developers responded to a vulnerability list previously published by Ledger competitors. According to a report in the official blog of the Prague company, of the five vulnerabilities, four have been fixed or cannot be used or require a pin code – and none of them is critical.

At the same time, Trezor stressed that all the risks described by Ledger employees are related to hackers' physical access to the Trezor cryptocell – while, according to the Trezor survey and the Binance crypto-exchange , only 5.93% of respondents consider physical attack the most significant threat to their funds, and 66.30% fear the remote attack the most.

In addition, Trezor assured that they closely control the production process and refused to give explanations on one of the vulnerabilities, adding that they asked their colleagues from Ledger to also refrain from disclosing information, since this may have consequences for the entire microchip industry.

“The whole episode will be a valuable lesson for us. We’ll let you know what we already know: no device can be completely protected from hacking, but depending on the security models used, there are tools to neutralize threats. For those who fear physical attacks, it is better to use passphrases … For those who are concerned about remote attacks, nothing changes. We will continue to promote the use of phrases, passwords and other operational security strategies to keep you protected , ”summed up Trezor.

Recall that last week Opera developers reported that owners of mobile iOS devices will soon have the opportunity to use Opera Touch’s Web 3 browser with a built-in cryptographic previously launched in the Android version. Opera Touch for iOS will have all the features of an easy-to-use Android version and support decentralized apps on Ethereum .

Publication date 13.03.2019
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US SEC Commission: Some Stablecoins May Be Recognized to Securities

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According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"

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The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: https://t.co/PYrRcFt15u#DontTrustVerify […]

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Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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