While we would be remiss not to laud the SEC’s statement as a step in the right direction, the shortcomings are inescapable.
Blockchain and cryptocurrency security is essential. After all, an autonomous monetary system can only go so far if it can be easily exploited by hackers, rendered inoperable through a mere software bug, or shut down by the powers that be.
Bitcoin’s unique security model is possible through a clever alignment of incentives between the network’s stakeholders — miners, developers, merchants and users. Any attempt to capture the network or reorganize the chain would result in the value of the currency plummeting and thus render any intended benefit completely worthless. The cost of being a bad actor significantly outweighs any possible reward.
Thus, it is in every participant’s best interest to simply play by the rules and collectively work toward the maturation and adoption of the Bitcoin (BTC) ecosystem.
Since its launch in January 2009, the Bitcoin network has never been compromised at the base layer and has had virtually 0% downtime, making it one of the most secure computer systems on the planet.
Cryptocurrency wallets, applications and exchanges that build products and services atop Bitcoin and other crypto networks, however, have frequently been the target of hacks and scams, highlighting the ongoing need to establish best practices around cybersecurity and operational security.
A deep analysis of the actual final judgement in the U.S. Securities and Exchange Commission versus Kik Interactive case.10617
BitMEX Research has identified what it believes to be a double-spent Bitcoin transaction... worth $21.85047
Liquidity pool token-backed collateral could bolster DeFi's TVL, but can it be used securely?8586
Successful applicants can use the funds to buy a ticket to the company's headquarters.25174
The ruling on the motion to dismiss in the SEC v. NAC case indicates that the SEC still has crypto sales in its crosshairs in 2021.12401
“Are you able to imagine all the possible consequences that can occur to you and your loved ones?” said the scammer.21100
The perils of inaccessible digital wealth — potentially lost forever — are being all the more keenly felt during the 2021 bull market.18464
Although, 96% of exchange users utilize some form of two-factor authentication and 87% of hardware wallet users perform test transactions.10186
Ripple’s CEO, Brad Garlinghouse, has responded to some of the community’s concerns surrounding the SEC’s $1.3 billion lawsuit against the firm.33051
The number of XRP addresses holding at least 1 million tokens has declined sharply over the past two weeks.26919
Grayscale Investments is the latest major crypto player to drop its association with Ripple's token.39762
XRP’s fall from grace saw the asset briefly drop to the number five spot by market cap.23907
XRP investors don't want to have their holdings lumped in with Ripple's.13565
A longshot effort from the community hopes to solicit an official White House response60967