eToro Acquires Self-Custody Crypto Wallet Firm Zengo for $70 Million

In brief eToro acquired self-custodial wallet provider Zengo, reportedly for $70 million. Zengo’s keyless wallet technology uses multi-party computation (MPC) cryptography and serves over 2 million users. The acquisition positions eToro to support emerging DeFi use cases, including prediction markets and perpetuals. Trading platform eToro has entered into an agreement to acquire self-custodial crypto wallet…

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Why a 2017 Linux bug is now a major concern for the crypto industry

1. Copy Fail: The Linux vulnerability affecting crypto infrastructure security A recently uncovered security flaw in Linux is drawing concern from cybersecurity specialists, government agencies and the cryptocurrency sector. Codenamed “Copy Fail,” the vulnerability affects many popular Linux distributions released since 2017. Under specific circumstances, the flaw could let attackers escalate privileges and gain full…

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