Demand for institutional-grade blockchain solutions is on the rise as banks and traditional financial institutions look to invest in cryptocurrencies. Blockchain cybersecurity company GK8 will be offering custody and tokenization services to the Stellar network, a move that could spark institutional interest in the Stellar Lumen (XLM) token. By integrating with Stellar, customers of GK8…
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Hackers will keep hacking as long as organizations are vulnerable — crypto is not an exception. Recently, gas has been a hot topic in the news. In the crypto media, it’s been about Ethereum miner’s fees. In the mainstream media, it’s been about good old-fashioned gasoline, including a short-term lack thereof along the East Coast,…
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While CBDCs could help central banks address the decline in cash payments, some risk factors remain. Central bank digital currencies, or CBDCs, could pose a threat to financial systems if related risks are not managed, Big Three credit agency Fitch Ratings has warned. Fitch Ratings released a report on Monday entitled “Central Bank Digital Currencies: Opportunities,…
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The price of SPARTA token plunged 30% on Sunday as details of the attack came to light. Spartan Protocol, a liquidity platform for synthetic assets on the Binance Smart Chain, was drained of $30 million in a coordinated attack on its liquidity pool late Saturday. The exploit targeted a “flawed liquidity share calculation” in the…
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A member of Uranium Finance’s developer team said they suspect that the recent hack of the platform may have originated internally. They’ve urged affected users not to contact any other members of the Uranium Finance team. The $50 million exploit of Uranium Finance, a decentralized finance protocol on Binance Smart Chain, may have been an…
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What is certain is that exploits only get points for being less disastrous than their counterpart. There has been a lot of talk about the recent “hacks” in the decentralized finance realm, particularly in the cases of Harvest FInance and Pickle Finance. That talk is more than necessary, considering hackers stole more than $100 million…
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Ransomware is something the “average American” is worried about, says former cybersecurity top dog Chris Krebs Former Department of Homeland Security official Christopher Krebs called for greater governmental oversight of cryptocurrency in an interview yesterday, saying that anonymous payments are a threat “the average American is concerned about.” In an interview on Late Night with…
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There has been a shift that has taken auditing from being seen as an unnecessary burden to an absolute essential for any serious project. The radical opportunity presented by decentralized finance has garnered significant attention from investors and speculators alike. The total value locked in DeFi protocols grew over 2,500% in 2020, from around $700…
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The Department of Justice has indicted three hackers affiliated with the infamous Lazarus Group. On Wednesday, the U.S. Department of Justice announced charges against three North Korean operatives. Making the announcement, Assistant Attorney General John C. Demers condemned the North Korean program, the most famous branch of which is Lazarus Group. Demers said: “North Korea’s…
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The South Korean arm of global crypto giant Huobi has acquired an ISMS certification to comply with the upcoming Special Payment Act. Huobi Korea, the South Korean arm of the world’s second-largest cryptocurrency exchange by trading volume, has been certified by a major regulator. According to an announcement on Jan. 18, the Korea Internet and Security…
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