The latest version of a top hardware wallet goes beyond better security, bringing decentralized finance within its native ecosystem.
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.
The crypto space suffers from its checkered history and, to grow further, the ecosystem must become safer, more usable and more mature.13736
Fidelity’s Wise Origin Bitcoin Trust and the First Trust SkyBridge Bitcoin ETF are now under review by regulators, according to paperwork filed earlier this month.11482
The Ethereum Foundation has come clean about a security vulnerability first spotted in 2019 that could have brought the mainnet to a halt until the Berlin upgrade last month.27397
Email built on top of a blockchain platform might provide more communications security than centralized alternatives.9796
The price of SPARTA token plunged 30% on Sunday as details of the attack came to light.17901
The Chinese crypto exchange says funds are “SAFU” and that the emergency maintenance could take up to two weeks.28676
Decentralized finance platforms on the Ethereum network have lost about $285 million to rogue actors since 2019.5676
Quantstamp, Status Research, Civic Technologies, HDR Global Trading and Kaydex are off the hook, after five securities related lawsuits were dismissed in New York Courts earlier this week.11286
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.7073
An all-in-one blockchain that can be configured as a public, personal, or enterprise platform makes the case that it is the fastest and most scalable platform on the market.11435
Shortly after the exchange launched stock token trading, German and British financial regulators are reportedly looking into whether the offering complies with securities laws.12881
The funds in your ERC-20 wallet could be at risk if you continue to grant unlimited approvals to decentralized applications.7296
With a new security campaign, Cream Finance looks to minimize vulnerabilities.4075
What is certain is that exploits only get points for being less disastrous than their counterpart.20668