Cryptocurrency Analysis and News Portal
Quantum computing has raised concerns about the future of cryptocurrency and blockchain technology in recent years. For example, it is commonly assumed that very sophisticated quantum computers will one day be able to crack present-day encryption, making security a serious concern for users in the blockchain space.The SHA-256 cryptographic protocol
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As the U.S. struggles to provide regulatory clarity to the domestic crypto industry, global regulatory frameworks like MiCA could fill the gap. CFTC Commissioner Caroline Pham, who recently relaunched the CFTC’s Global Markets Advisory Committee, told attendees on Thursday that market structures, once set, are extremely difficult to change. Original Source
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Not all signs pointed downward. As CryptoX Senior Markets Reporter Omkar Godbole reported, Bitcoin's Monday plunge came even as Chicago Board of Options Exchange's volatility index (VIX), a measure known as Wall Street's fear gauge, slipped to 22.41 in early Asian hours, its lowest level since April 21, indicating calm
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Attackers have targeted owners of several high-profile NFT collections in the past few months. Original Source
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Bored Ape Yacht Club (BAYC) creator Yuga Labs has warned there may soon be a “coordinated attack” targeting multiple non-fungible token (NFT) communities.The NFT company told its Twitter followers on July 19 that its security team has been tracking a “persistent threat group” targeting the NFT community through compromised social
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North Korea-backed cyberattacks on crypto and tech firms will only become more sophisticated over time as the country battles prolonged economic sanctions and resource shortages. Former CIA analyst Soo Kim told CNN on July 10 that the process of generating overseas crypto income for the regime has now become a “way
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The body, which is responsible for ensuring the stability of the financial system in the EU, said in a statement on Thursday that while crypto assets currently have a limited hold on the financial system, ”these risks could materialize quickly and suddenly.” Source
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Latest report from international data protection and privacy authorities has identified credential stuffing as a significant and growing cyber threat to personal information. Credential stuffing is a cyber-attack method that exploits people’s tendency to use the same username and
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Still, it would be naive to think Bitcoin is entirely invulnerable to outside threats. In fact, one in particular that gets too little attention now looms larger than ever: quantum technologies. And in this case, Bitcoin’s “hard to change” characteristic could prove to be a bug, not a feature. Source
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The European Central Bank (ECB) warned on Tuesday that cryptocurrencies will pose a risk to financial stability if the emerging sector maintains its rapid growth of the past two years and if financial firms step up their involvement. Crypto Market Drops After Hitting a High Last Year The crypto market fell sharply
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