In the rapidly evolving world of cryptocurrencies, hackers and fraudsters continuously adapt and find ingenious methods to exploit vulnerabilities and empty crypto wallets. The relationship between security measures and cyber threats is a constant cat-and-mouse game. However, as technology develops, security measures also advance to counteract emerging threats. This article explores the evolution of attack
Blockchain
The Securities and Exchange Commission (SEC) has delivered a blow to Coinbase, one of the largest cryptocurrency exchanges, by rejecting its petition for tailored regulations for digital assets. The SEC stated that it already possesses adequate authority under existing statutes to govern crypto asset securities and combat illegal activities within the industry. This decision comes
The world of cryptocurrency and blockchain is constantly evolving, with new developments and opportunities emerging every day. In this article, we delve into some under-the-radar stories that have the potential to shape the future of this industry. From the next Bitcoin mining infrastructure boom in North America to acquisitions by Marathon Digital Holdings, and the
The Bank of Korea is facing an important decision regarding the issuance of a central bank digital currency (CBDC). Governor Lee Chang-yong, in his speech at the “2023 MOEF-BOK-FSC-IMF International Conference on Digital Money,” emphasized the urgency and importance of taking action on CBDCs. He stated that CBDCs have become imperative and can no longer
Turkey is bracing itself for new legislation in the crypto sector, generating uncertainties about the potential strictness of the impending laws. However, major banking institutions in the country are not wasting any time and are actively securing their positions in the digital asset space. Despite the government’s efforts to slow crypto adoption, Turkey has consistently
Worldcoin, the groundbreaking iris biometric cryptocurrency project founded by Sam Altman in 2019, has recently unveiled its latest innovation – World ID 2.0. This updated version takes digital authentication to new heights by seamlessly integrating with popular platforms such as Minecraft, Shopify, Mercado Libre, Reddit, and Telegram. By partnering with these platforms, Worldcoin empowers users
As the world’s second-largest crypto protocol, Ethereum has often faced criticism for its perceived high energy consumption. However, a recent report from the University of Cambridge presents a different perspective. The report compares Ethereum’s annual energy consumption to that of several legacy-based financial and corporate businesses, shedding light on its energy efficiency. According to the
In a recent development, popular Ethereum-based automated market maker (AMM) Uniswap has launched its version 3 (v3) on the Rootstock blockchain protocol. This deployment was made possible by the GFX Labs team, the development hub of the well-known trading platform Oku. With this launch, Uniswap expands its reach to the world’s largest blockchain protocol, enabling
Digital asset exchange Binance recently made an announcement about discontinuing Russian Ruble trading pairs on its peer-to-peer (P2P) platforms starting from January 31, 2024. This decision comes after the company’s exit from the Russian market due to regulatory and compliance concerns. In this article, we will explore the reasons behind Binance’s move, the impact it
In a surprising turn of events, a hacker who targeted the Uranium Finance DeFi platform in 2021 has been found to have potentially used “Magic: The Gathering” trading cards to launder their stolen crypto gains. According to blockchain sleuth ZachXBT, the hacker withdrew 11,200 ETH from Tornado Cash in increments of 100 ETH over the