Cryptocurrency Analysis and News Portal
Cryptocurrency custody solutions have become a big business over the last few years. Independent storage and security systems meant to hold large quantities of crypto on behalf of clients can bring in institutional capital and retail investors waiting on the sidelines simply because they remove a major fear: losing access
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Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield
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Liquidity pools on decentralized exchanges (DEX) like Uniswap are unlike how traditional exchanges operate. A pool refers to a set of two tokens provided by users to a DEX, which then uses smart contracts to match trades and automatically increase or reduce prices at which the two tokens trade with
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The amount of money lost in hacks of decentralized financed (DeFi) projects more than doubled to $1.3 billion in 2021, with centralization the most common vulnerability, Certik said in its inaugural "State of DeFi Security" research report.While the value lost climbed 160%, the amount was a smaller proportion of the
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The New Yorker recently published a profile about early bitcoin user James Howells, who mined about 7,500 BTC using his gaming computer in 2009, only to discard the hard drive storing his private keys while cleaning his home office. That trove, worth today approximately $383 million, is likely sitting in
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Decentralized finance (DeFi) platforms have been the target of criminal attacks this year. Investors in the blockchain-based form of finance have lost billions of dollars to criminals that target the platforms. The total amount of money deposited at DeFi services has spiked from just $500 million in 2019 to $247 billion this
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Crypto fraud has accounted for losses of over £146 million ($200 million) in the U.K. this year, according to the City of London Police.The figure is 30% higher than for all of 2020, the City of London Police said Monday.The U.K.’s national reporting center for fraud and cyber crime, Action
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The Nasdaq-listed cryptocurrency exchange Coinbase has disclosed that at least 6,000 users were victims of a hacking campaign to gain unauthorized access to the accounts of Coinbase customers. The hackers also took advantage of a flaw in Coinbase’s SMS Account Recovery process to gain access to user accounts. Cryptocurrencies of at
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The Nigerian currency, the naira, plunged to a new all-time low of N570 for every dollar on September 16, 2021. This new exchange rate means since August 17, the naira has now lost about a tenth of its value on the foreign currency black market. Naira Overvalued In spite of this
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sponsored There is no greater fear for cryptocurrency investors than one day forgetting the password to their blockchain wallets, seeing how their own money is right in their hands but still locked away forever from them. If this has happened to you, however, don’t lose hope. There are ways to
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