Crypto has been left out of the advertising industry, but blockchain technology may be its ticket back in to innovate and change the space. Despite seeing substantial growth in popularity, topping Google search trends amid the recent halving, the coronavirus pandemic and mainstream coverage, the cryptocurrency industry has somewhat been left out of the advertising…
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A DeFi lending platform for cryptocurrency, Kava Labs, could be described as the “Uber of Bitcoin,” as the platform represents an Uber-like business model. Today’s most successful entrepreneurs tapped into their wealth through startup technology companies such as Amazon, Oracle, Facebook and Microsoft. Just ask Jeff Bezos, Larry Ellison, Mark Zuckerberg and Bill Gates, who…
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Symantec revealed that a WastedLocker ransomware attack was blocked on time after an early alert by the cybersecurity firm. Cybersecurity firm Symantec blocked a ransomware attack by a group known for demanding payment in Bitcoin (BTC) directed at 30 U.S.-based firms and Fortune 500 companies. The announcement published by the cybersecurity firm claims that the…
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Using digital assets to earn yields and borrow capital became possible thanks to crypto lending, one of the fastest-growing sectors in the crypto ecosystem. Crypto lending, one of the fastest-growing industries in the blockchain ecosystem, has made it possible to earn yields and borrow capital using digital assets. According to a report by research company…
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Global stablecoins could provide market participants with a cost-efficient means to rebalance their capital across global markets. In the past year, three major financial oversight bodies have voiced concerns about threats to financial stability purported to be posed by stablecoins. While acknowledging the potential for enhanced payments efficiency, reports from the Bank for International Settlements,…
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Blockstream’s Liquid sidechain suffered a security incident where 870 BTC were briefly available to the company’s emergency recovery multisig contract. A malfunction in Blockstream’s Liquid bridge for Bitcoin (BTC) resulted in a Blockstream-owned 2-of-3 multisig contract briefly controlling over 870 BTC, worth $8 million. This was discovered on June 26 by James Prestwich, founder of…
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Maze and Doppelpaymer are threatening to leak data from LG and Mitsubishi respectively after launching a ransomware attack. Two ransomware gangs reportedly attacked the electronics giant, LG, and Japanese multinational car manufacturer, Mitsubishi. The hackers are now threatening both companies with data leaks. Screenshots posted to the gang’s blog show several files, as well as…
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Hyundai embraces the blockchain and crypto industry with three trademark registrations. Hyundai is reportedly looking to launch a blockchain ecosystem through its Europe-based subsidiary, Hdac, and IT arm, Hyundai BS&C, after registering three business trademarks with the Korea Intellectual Property Office. According to Chosun, a local media outlet, Hyundai BS&C’s CEO Chung Dae-sun applied to…
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The coronavirus outbreak may become the reason for the dramatic technological shift that will define the era. If you’re familiar with medieval history, you’ll know that the plague epidemic eventually led to the liberalization of European politics and, ultimately, to the Renaissance. After the Black Death killed more than 20 million people — over a…
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CryCyptor ransomware poses as a government-backed COVID-19 Android tracing app to deploy its attack. A new ransomware called CryCryptor is targeting Canadian Android users. It is distributed via multiple websites that pose as portals for a government-backed COVID-19 tracing app. According to research published by ESET on June 24, CryCryptor appeared shortly after Canada’s government…
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