The third quarter of 2024 showcased a significant decline in the frequency of cyber hacks, reaching a three-year low with a mere 28 incidents reported. However, the financial repercussions are daunting, with a staggering $463.6 million stolen. This paradox illustrates a troubling trend in the cybersecurity landscape, where successful breaches may be diminishing in frequency,
Crypto
On October 2nd, 2023, Taiwan’s Financial Supervisory Commission (FSC) announced a significant shift in its approach to regulating virtual asset service providers (VASPs) by unveiling a new set of Anti-Money Laundering (AML) regulations. The changes, set to take effect on January 1, 2025, signify an intention to strengthen oversight in an increasingly complex and evolving
Wrapped Bitcoin (WBTC) stands out in the decentralized finance (DeFi) landscape as a tokenized representation of Bitcoin, allowing users to leverage the benefits of Bitcoin within other blockchain ecosystems such as Ethereum and Solana. Developed by BitGo, Kyber Network, and Ren, WBTC ensures a 1:1 pegging with Bitcoin, providing not just liquidity but also accessibility
The cryptocurrency market is notoriously unpredictable, with recent developments showcasing just how abrupt these shifts can be. The rollercoaster performances of Bitcoin and Ethereum exchange-traded funds (ETFs) over the past week demonstrate the influence of external factors, such as geopolitical events. As tensions rise in the Middle East, the allure of Bitcoin—often seen as a
In the rapidly evolving world of non-fungible tokens (NFTs), a recent sale of a CryptoPunk NFT has sparked intense debate and skepticism. The transaction, which saw Punk 1563 change hands for a staggering $56.3 million—or 24,000 ether (ETH)—has raised eyebrows not just for its price but for the circumstances surrounding the sale. The NFT, featuring
The emergence of cryptocurrency has initiated profound discussions around its implications not only in finance but also in political spheres. Recent insights from a survey conducted by ConsenSys and HarrisX elucidate how the crypto landscape is intrinsically linked to voter preferences in the United States. With an almost equal division of the electorate considering pro-crypto
In recent years, the cryptocurrency ecosystem has captured the imaginations of investors, technologists, and the general public alike, promising revolutionary potential and unprecedented financial independence. Yet, this burgeoning marketplace is not without its pitfalls, as evidenced by the overwhelming number of security breaches reported in September 2024. A security firm, PeckShield, disclosed that over 20
In the ever-fluctuating realm of cryptocurrency, the recent 24-hour period has showcased notable volatility, particularly surrounding Bitcoin’s price movement. After hovering around $61,000, Bitcoin has surged past $62,000, marking a significant psychological milestone for traders and investors alike. This upward trajectory has provided a crucial lifeline for many smaller-cap altcoins, enabling them to bounce back
OpenSea, once a frontrunner in the NFT marketplace, is now confronted with a myriad of challenges that threaten its status and sustainability. The shift from explosive growth in 2021 to a stark decline underscores the volatility inherent in the cryptocurrency and digital asset sectors. Recent indicators signal that OpenSea is struggling, not only in terms
The ever-growing world of blockchain technology faces a significant threat from non-practicing entities (NPEs), commonly referred to as “patent trolls.” While the innovative potential of blockchain has attracted numerous developers and businesses, the challenges posed by these entities—who acquire patents solely to exploit them for profit—could stifle creativity and hamper growth. In response, the Cryptocurrency