Paris Archive

Blockchain Startup Buglab.io Offers $2,000,000 Worth of Tokens to Secure Crypto Exchanges, in Cybersecurity Contests

Buglab.io Press Release

Bitcoin Press Release: Buglab, a blockchain cybersecurity startup is offering cryptocurrency exchanges entry for its upcoming penetration testing contests. Buglab will be giving away $2,000,000 in BGL tokens to cybersecurity researchers participating in the contests.

01 July 2018, ParisBuglab, a cybersecurity solutions startup has announced that it will be offering $2,000,000 in BGL tokens to cryptocurrency exchanges and cybersecurity researchers participating in the penetration testing contests of its platform.

Buglab has decided to release a private beta version of its platform, following a spate of recent exchange hacks. Any exchanges who offer to run a launchpad, or promote the token sale in some way will be eligible to receive the penetration testing service to detect vulnerabilities and potential threats.

Through Buglab, a community of certified and hand selected cybersecurity researchers will summarize the contest, providing a complete report on the findings and draw a complete preventative strategy to prevent such issues in the future.

Every participating exchange will get the chance to receive $20,000 as a part of Buglab’s enterprise plan, including a $10,000 prize for the top three winners of the contest and $10,000 as a special reward (for example critical vulnerabilities not found by the winners). In addition to offering the contest, if no vulnerabilities are discovered, Buglab will offer 50% of the sum allocated to the exchange, ($10,000 in BGL tokens). This is an excellent way for the exchanges to test the release of future features.

When asked about the future of cryptocurrency exchange, Buglab CEO Reda Cherqaoui stated that;

“Cryptocurrency exchanges should be concerned about securing the funds of their traders, as these funds equate to billions of dollars. With new exchanges launching every week and increasing danger of security breaches, we aim to provide the industry with a secure, cutting-edge service to help mitigate against these increasing risks.”

Exchange Hacks

Today’s digital financial markets are growing at an exponential rate and hackers now have more advanced techniques and equipment than ever before. Cryptocurrency exchanges should be vigilant and actively monitor and update their knowledge and technical skill to be one step ahead of the hackers and to keep their exchanges secure.

The Buglab penetration testing service and contest announcement come just two weeks after two large South Korean exchanges were hacked and lost an estimated combined total of over $70 Million, in various cryptocurrencies.

Leading exchange Conrail announced a “cyber intrusion” on June 9, with an estimated loss of $40 million and only 11 days later South Korea’s largest volume trading platform, Bithumb announced a security breach with a reported loss of $31 million.

Despite Bithump’s reassurance of a full reimbursement to all of it’s affected users, serious questions now hang over the security of these, and all other cryptocurrency exchanges. With this news compounding the current bear market, cryptocurrency platform users are very concerned as to the state of play.

Reda also stated that this increase in hacker prowess has created an increased demand for cybersecurity professionals that far exceeds the current supply. This huge demand has pushed specialist towards finding new and more efficient solutions to oppose the growing number of security threats.

What is Buglab?

Buglab uses Ethereum-based platform composed of two programs: the buglab contest and Vigilante Protocol, for helping companies and cryptocurrencies exchange, all over the world, to discover and fix vulnerabilities on their digital solutions and assets such as web apps, mobile apps, IoT devices, smart contracts, and others. In the Vigilante Protocol, the startup works with CERTs to verify discoveries and notify companies at risk.

Buglab is the brainchild of cybersecurity veteran and engineer Reda Cherqaoui. He has been in the cybersecurity scene since the age of just 16 and in 2011 he developed Facebook’s monitoring system, known as “Agatha”. In this time Reda helped numerous mainstream companies such as Hotmail, Yahoo, and eBay.

The Buglab founder has always been motivated by problem-solving and now looks to address the various cybersecurity threats, through Buglab’s penetration testing startup.

Buglab Token Distribution Event

Buglab will be running a token distribution event from the 30th of June, 2018, for a period of exactly 4 weeks. Individuals interested in participating in the token presale can do so by whitelisting on the official website.

In total Buglab will create 425,000,000 BGL tokens, of which, 40% (170,000,000) will be allocated to the token distribution event. The BGL token sale price is locked at $0.15 for the duration of the the token sale.

Buglab is happy to announce that it will be offering token sale participants a 25% token bonus for the duration of the presale.

Token sale bonus structure:

  • First 24 hrs: 20% bonus
  • Week 1: 15% bonus
  • Week 2: 10% bonus
  • Week 3 to end: 0%

Buglab is pleased to invite all interested crypto exchanges to join this initiative at exchanges@buglab.io

About Buglab

Buglab is an Ethereum-based startup that connects companies with a global network of expert cybersecurity researchers. At the center of our ecosystem, there are two programs – the buglab contest and Vigilante Protocol, helping companies all over the world to discover and fix vulnerabilities on their digital solutions or assets.

Learn more about Buglab here – https://buglab.io/#top
Read the Buglab Whitepaper – https://buglab.io/assets/docs/Buglab_WhitePaper.pdf
Find Buglab on Facebook – https://www.facebook.com/buglab.co
Follow Buglab on twitter – https://twitter.com/joinbuglab
Check out Buglab on Instagram – https://www.instagram.com/buglab.co
Join the Buglab official Reddit page – https://www.reddit.com/r/buglabProject/
Read about Buglab on Medium – https://blog.buglab.io/
Join the team on Telegram – https://t.me/buglab

Youtube – https://www.youtube.com/channel/UCmGh-O5eRtbQchWmy8cFjYA

Media contact

Name: Dalal Cherqaoui
Location: Paris
Email: contact@buglab.io

Buglab is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high-risk tolerance. Only participate in a token event with what you can afford to lose.

The post Blockchain Startup Buglab.io Offers $2,000,000 Worth of Tokens to Secure Crypto Exchanges, in Cybersecurity Contests appeared first on Bitcoin PR Buzz.

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BCDiploma: The Unique Opportunity To Take Part in The Blockchain Data Certification Revolution

Bitcoin Press release: Blockchain startup BCDiploma has announced its unique one-click diploma and data certification service.

8 January, 2017, Paris France – BCDiploma presents a breakthrough proposition landmarking the best of Ethereum to offer a unique one-click diploma and data certification service. BCDiploma is an innovative framework that allows to certify data and share it through a simple URL link. Learning establishments from around the globe face an epidemic of increasing degree falsification and forgery worldwide.

Stakeholders in the Education sector are willing to offer their graduates an innovative digital tool aimed at defending their brand. It is also imperative that HR professionals have a reliable way to check the integrity of a candidates diploma. Renowned institutions are following this technological evolution, avoiding forgery and degree counterfeiting. School and universities are now ready for adoption of this blockchain degree authentication service, Engaging their mission to bring a solution adapted to the issues they are facing, as forged certifications are strongly hurting their reputation and businesses.

Data First Technology

BCDiploma’s technology is not based on hash technology to authenticate the diploma. Instead, its innovative technology stores the diploma’s data directly in the Ethereum’s blockchain. Certificating the school’s identity using DApps, Storing the diploma content and data on the public blockchain ledger. Therefore any industry is guaranteed to retain access to data and DApps forever.

BCDiploma is offering schools and universities a turnkey solution and a transparent access to blockchain technology,  No specific blockchain knowledge is required to use the service.

Considering they respect personal data legislation and the “right to be forgotten”, as they are reliable and sustainable, on-chain registers have a huge potential: certifications, regulated occupations, company and administrative documentation. Application fields are limitless.

Anyone can easily use the BCDiploma authentication service. The cost per certification will be approximately 1.5USD without a subscription or recurring fee. The service will be free for graduates and for anyone who consults the diploma. No Ethereum address required.

Expert Team

Founders have over 10 years of experience in the education software market and know exactly what schools are expecting and how to fulfill all of their requirements. Also partnered with Managexam, DS Avocat, Lexing Bensoussan Avocats and Arpege. A source from within the company stated:

“BCDiploma aims to create the standard for on-chain registers of tomorrow: cost-effective, easy-to-implement, Ethereum-based and open source framework.”

European General Data Protection Regulation body, which will become enforceable 25th May 2018, is now the new reference text on personal data protection and will become applicable globally. The innovative solution developed by BCDiploma is already compliant with these new regulations.

This is just the beginning

BCDiploma is the first use case of the EvidenZ framework, designed to certify all kinds of data: certificates of competence diplomas, certificates, professional registers, administrative data. The fields of application are countless, and EvidenZ’s simplicity of use aims to set it as the standard of certified data.

Token sale

BCDT token is a utility voucher for BCD framework. BCDT are used to pay certified data issuance like diplomas, professional certifications, certificates of insurance or proprietary certificate through BCD smart contracts. Anyone can get its entity certified and use the service with the token. For each and every verified data issuance, the BCD smart contract will burn a percentage of BCDT tokens automatically.

BCDiploma token presale is a unique opportunity to take part in the future of certified data with a 20% bonus. Presale is now live and will end on January 18th.

For further information visit www.bcdiploma.com and register in order find out further information and upcoming events.

Visit the BCDiploma Website – https://www.bcdiploma.com
Check out the white paper here – https://www.bcdiploma.com/img/BCD-WhitePaper_last.pdf
Follow BCDiploma on Twitter here – https://twitter.com/bcdiploma?lang=en
Find BCDiploma on Facebook here – https://www.facebook.com/BCDiploma/

Media Contact

Contact Name: Raphael Frayssinet
Contact eMail: raphael.frayssinet@blockchaincertifieddata.com
YouTube: https://www.youtube.com/channel/UCH4WX09BniorbDeixHR0JNg/videos
BitcoinTalk: https://bitcointalk.org/index.php?topic=2221629.0

BCDiploma is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest

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