Category Archives: cryptography

Houzz resets user passwords after data breach

Houzz, a $4 billion-valued home improvement startup that recently laid off 10 percent of its staff, has admitted a data breach. A reader contacted TechCrunch on Thursday with a copy of an email sent by the company. It doesn’t say much — such as when the breach happened, or if a hacker is to blame or if it was a data exposure that the company could’ve prevented. Houzz spokesperson Gabriela Hebert would not comment beyond an FAQ posted on the company’s website, citing an ongoing investigation. In that […]

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Want to reduce fraud? Make a better password, dummy!

Researchers at Indiana University have confirmed that stringent password policies – aside from being really annoying – actually work. The research, led by Ph.D. student Jacob Abbott, IU CIO Daniel Calarco, and professor L. Jean Camp. They published their findings in a paper entitled “Factors Influencing Password Reuse: A Case Study.” “Our paper shows that passphrase requirements such as a 15-character minimum length deter the vast majority of IU users (99.98 percent) from reusing passwords or passphrases on other sites,” said Abbott. “Other universities with fewer password […]

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KZen raises $4 million to bring sanity to crypto wallets

KZen, a company run by former TC editor Ouriel Ohayon, has raised $4 million in seed to build a “better wallet,” obviously the elusive Holy Grail in the crypto world. Benson Oak Ventures, Samsung Next, Elron Ventures invested. Ohayon, who has worked at Internet Lab and founded TechCrunch France and Appsfire, wanted to create an easy-to-use crypto wallet that wouldn’t confound users. The company name is a play on the Japanese word kaizen or improvement and it also points to the idea of the zero-knowledge proof. Omer […]

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Coinbase’s Brian Armstrong: ‘I’d love to run a public company’

Brian Armstrong, the CEO of cryptocurrency trading platform Coinbase, wants to take his company public — maybe on the blockchain. Onstage at TechCrunch Disrupt SF 2018, Armstrong dished on his ambitions for the future of Coinbase. “We are self-sustaining,” Armstrong said. “You know, we’ve been profitable for quite a while. We don’t have any plans to raise additional capital at this point, but never say never … Someday I’d love to run a public company.” Armstrong didn’t rule out going public on the blockchain. He said he’s […]

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Malta paves the way for a decentralized stock exchange

Malta AKA “Blockchain Island” has been making waves lately in the world of cryptocurrency and governance. Their latest move involves the crypto exchange Binance and the ICO builders at Neufund. The plan is simple: Neufund will help MSX, the Malta Stock Exchange’s skunkworks, create tokenized securities. Binance has agreed to carry these securities on its own exchange, essentially creating a straight path to regulated tokens via the already regulated Malta Stock Exchange. In short, this enables Malta to become the first country to be able to offer […]

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