Cryptocurrency News
In a promising turn of events, blockchain security company PeckShield has reported a significant recovery of funds from cryptocurrency hacks. The firm’s latest statistics reveal that over $674 million has been recovered from more than 600 hacks, marking a notable improvement from previous years. PeckShield’s data for 2023 highlights a […]
Socket, a protocol in the decentralized finance (DeFi) space, recently encountered a security incident that led to a loss of approximately $3.3 million. The vulnerability stemmed from a call injection attack on the Socket protocol, specifically impacting wallets with infinite approvals to Socket contracts. As a response, all affected contracts […]
The escalating risks to the security of web3 have become significant concerns for the future of this decentralized internet paradigm. Beyond the financial implications, the losses incurred from hacking attempts on web3 and smart contracts have cast doubts on the dependability of this emerging technology. Globally, the perception of web3 […]
Kyberswap, a decentralized exchange operating within the Kyber Network, fell victim to a substantial security breach on November 23. The aftermath saw the loss of around $46 million in various crypto assets, impacting multiple networks, including Orbitrum, Ethereum, and Polygon. 🚨Urgent🚨 Dear KyberSwap Elastic Users,We regret to inform you that […]
Decentralized finance (DeFi) is a rapidly growing sector that offers users unprecedented access to financial services without the need for intermediaries. However, this newfound freedom comes with a cost: DeFi protocols are increasingly being targeted by hackers. In 2022 alone, DeFi hacks accounted for over $3 billion in losses. Some […]
Creating coherent crypto regulation was always going to be a challenge. This industry is remarkably different from the norms of traditional finance. The SEC is grappling with these questions even as DigiToads (TOADS) launches an exciting NFT collection. One such bone of contention is whether the agency classifies cryptocurrencies as […]
In recent years, cryptocurrencies have significantly increased in popularity, disrupting the financial industry. The quick development of the cryptocurrency industry has, however, also drawn bad actors looking to commit fraud and cyberattacks. Innovative approaches are emerging to address these issues, and one particularly intriguing one is the incorporation of Artificial […]
After holding support throughout the weekend, Bitcoin and Ethereum are displaying positive momentum today. Bitcoin is trading above the $20k mark, and Ethereum has surpassed $1,350. At $961 billion, the market capitalization of all cryptocurrencies is inching toward the $1 trillion level. As long as BTC keeps above $20k, there […]
Cybersecurity is the protection of computer systems, information, and networks from hackers who try to steal software or electronic data. Cybersecurity is a critical sector as many Crypto DeFi projects are exploited daily. For this reason, we are looking at some cybersecurity tokens below $10m market capitalization with unique features […]
Hacker attacks are prevalent in the cryptocurrency industry. As a result, one of the most critical solutions for these people is to make the most significant security precautions, which is where blockchain technology excels. It’s critical to comprehend how investing in cryptocurrencies can go wrong to prevent any cybersecurity issues. […]
The cryptocurrency space has been at the fastest-growing pace ever since the inception of Bitcoin. Associated with this, there’s a significant increase in new trends emerging every year, ranging from the original ICO to the unparalleled NFT. Escorted by a fantastic amount of innovation and development just a few years […]
With Robinhood’s recent security incident that leaked over 5 million users’ names and email addresses, don’t expect a Robinhood Shiba Inu listing this year. As Robinhood deals with the data leak, chances are the team isn’t going to have the extra resources to navigate through regulatory red tape in order […]
The House passed the Eliminate Barriers to Innovation Act (20 April 2021). The passed act requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group with the goal of clarifying in which cases the jurisdiction over a certain token belongs to SEC and in which […]
The AST platform is a decentralized financial platform aiming at reshaping the entire financial system. It is a blockbuster that the after years of researching and developing, AST is now officially meeting the public. AST was developed by blockchain pioneer since 2018, and supporting application was fresh written with latest […]
Crypto Reddit is currently paying very close attention to a recently discovered bug in the Liquid protocol. Some even claim that Blockstream knew about it and potentially put it there purposefully. It has been an interesting week for the Blockstream team. Blockstream Will Fix the Liquid Security Issue Facing allegations […]
Despite ongoing growth in the DeFi industry, security concerns remain in place today. Balancer, a project gained traction last week, has gone through a security incident over the weekend. Balancer is one of the DeFi projects gaining a lot of attention lately. A Major Security Incident for Balancer This is […]
The DeFi ecosystem is getting a lot of attention by cryptocurrency enthusiasts. However, some new research has come to light regarding potential security issues. It is always crucial to keep an eye on security concerns raised by experts. Beware of Blindly Trusting DeFi Apps Especially when those concerns pertain to […]
Are you protecting your horde of crypto? Do you know how to keep yourself safe online from hackers, scammers and fraudsters? Read to find out. One of the biggest benefits of cryptocurrency can also be seen as its biggest weakness. In almost all cases, there are no methods of […]