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Web3 Industry Losses Topped $656 Million in H1 of 2023 — Study
5.7.2023
Hackers stole about $471 million in the first six months of 2023 and the theft of $197 million from Euler Finance in March was the single biggest hacking incident in the period, the latest Beosin Web3 report has shown. Contract vulnerability was the most common (60) type of attack during the period...
Ethereum Users Propose ERC 7265 to Thwart DeFi Hacks – How Does it Work?
5.7.2023
Members of the Ethereum community have proposed a new standard meant to improve the security of decentralized finance (DeFi) protocols and mitigate hacks.
The attacks on DeFi protocols have become all too common, draining billions in user funds. According to DeFiLlama, around $6.6 billion...
Darknet bad actors work together to steal your crypto, here’s how — Binance CSO
5.7.2023
Crypto hackers have turned their attention towards the crypto user and “security hygiene” is more important than ever, according to Binance’s Jimmy Su
Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi Protocols' Security, China Tightens Exports of Two Key Materials Used in Computer Chips
4.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi...
Singapore's Monetary Authority Enforces Crypto Lending and Staking Ban for Retail Investors
4.7.2023
Singapore's chief financial watchdog has decided to enforce a ban on lending and staking for retail customers.
On July 3, the Monetary Authority of Singapore (MAS) revealed a set of new requirements for what it calls "Digital Payment Token (DPT) service providers".
These rules are meant...
Today in Crypto: South Korea Passes the Virtual Asset User Protection Legislation, Poly Network Exploit Affected 57 Cryptos on 10 Blockchains, Crypto Miners Are Turning to AI
3.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: South Korea Passes the Virtual Asset User Protection Legislation, Poly Network Exploit Affected 57 Cryptos...
Singapore to require crypto firms to put user assets into trusts by year-end
3.7.2023
MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones
Ethereum Co-Founder Vitalik Buterin on SEC Crypto Enforcement Actions: ‘The Real Competition Is the Centralized World’
2.7.2023
Vitalik Buterin, a co-founder of Ethereum, the second largest cryptocurrency project by market cap, took a stance on the recent actions that the U.S. Securities and Exchange Commission (SEC) has taken in the field of enforcement against crypto. Buterin mentioned how projects like Solana were...
Coinbase layer-2 network Base closes in on mainnet launch
30.6.2023
While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled 4 out of 5 of their criteria for launch
China Looks to Add Digital Yuan Functionality to Social Security Cards
30.6.2023
China may add digital yuan functionality to government-issued social security cards, in a possible new breakthrough for the central bank digital currency (CBDC).
Per the 21st Century Business Herald (via NBD), the Ministry of Human Resources and Social Security wants to “explore and promote” ways...
U.S. House committee chairs, Blockchain Association turn up heat on SEC head Gensler
29.6.2023
Three House chairs sent a letter regarding recordkeeping and FOIA, and the industry advocacy group suggested Wells notice recipients ask for his recusal from their cases
Coinbase's Base Prepares for Mainnet Launch With Slew of Security Audits
29.6.2023
The layer 2 blockchain pioneered by Nasdaq-listed crypto exchange Coinbase has detailed the security testing taken ahead of its public launch later this year
Mind Network Secures $2․5 Million in Initial Funding From Binance Labs and Other Prominent Venture Capitalists
29.6.2023
PRESS RELEASE. Mind Network, an innovative platform leading the way in data security and privacy within the Web3 ecosystem, is delighted to announce the successful completion of its initial funding round, raising $2.5 million. Binance Labs, Comma3 Ventures, SevenX Ventures, HashKey Capital,...
The Password Game Is A Perfect Recreation Of An Online Disaster
29.6.2023
Indie developer Neal Agarwal, better known as Neal.fun, makes video games that are very small but also very good. His latest, The Password Game, is the perfect example: it takes the hell of coming up with a password for an app or site’s account and somehow turns it into something as far from hell...
Ledger Unveils Tradelink: A Custodial Crypto Trading Platform Tailored for Institutions
28.6.2023
On June 28, the crypto hardware wallet manufacturer and security firm Ledger unveiled its latest offering, a digital currency exchange and custodial solution service, specifically tailored for institutions. The new service, known as Tradelink, has been heralded by Ledger as “the first open network...
KuCoin Implements Mandatory KYC for All Users, Strengthening Security Measures
28.6.2023
KuCoin, a major cryptocurrency exchange, will require all users to undergo mandatory know-your-customer (KYC) procedures before July 15, 2023.
This move comes amidst heightened regulatory scrutiny, including the case involving Binance and the U.S. Commodity Futures Trading Commission.
According...
Open source: Buzzword or real security for crypto wallets?
28.6.2023
Open-sourcing crypto wallet designs offers some benefits, but there are trade-offs as well
Today in Crypto: Prosecutors Impose Travel Ban on Haru Execs, US Retailers Hit with Bomb Threats & Bitcoin Demands, Gemini Allows Withdrawals for Voyager Users
26.6.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Prosecutors Impose Travel Ban on Haru Execs, US Retailers Hit with Bomb Threats & Bitcoin Demands, Gemini...
How security, education and regulation can mitigate rising crypto scams
26.6.2023
Cybersecurity experts say the crypto industry is a target for bad actors because it is a new technology that is rapidly evolving and growing
Over 100,000 Compromised Chatgpt Accounts Discovered on Darknet Markets
24.6.2023
Cybersecurity researchers have found tens of thousands of devices storing Chatgpt credentials that have been infected with info-stealing malware. The account details have ended up being sold on the dark web, they said, pointing out that the Asia-Pacific leads by number of such offers. Increase...