This platform offers an opportunity to own your data and profit from it.
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.
Hardware wallet brands have been built on the promise of security — but in some cases, these devices aren’t as air gapped as you might think.
The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million, which he used to purchase a house in the Cayman Islands.3229
The global payments giant plans to incorporate the crypto intelligence project into its digital currency expansion plans.5180
“They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us,” said Brian Armstrong after he revealed that the SEC threatened to sue Coinbase.23721
POLY, BCHA and XYO led altcoins higher after BTC flipped $50,000 to support and ETH hit $4,000.17206
In the ongoing SEC vs. Ripple lawsuit, the judge has sided with the latter over its request for "fair use" access to internal documents from the U.S. regulator.31377
Chinese regulators held a meeting in Beijing to promote blockchain development, which was first mentioned in China’s 14th Five-Year Plan.4997
Coinbase sent an email to 125,000 users mistakenly notifying them that their two-factor authentication settings had been changed.22870
The Cream Finance hacker gained $18.8 million by exploiting a reentrancy bug in the AMP token in a set of 17 transactions.9340
Bilaxy cryptocurrency exchange is yet to announce the value of funds lost to a hacking incident that occurred on Saturday.7831
"This contract opens the door to bigger, more critical uses of blockchain for data protection in a global digital infrastructure, bringing forth the true promises of the core technology," said Benjamin Diggles.17639
Over $80 million worth of digital assets has been removed from Liquid Global exchange. KuCoin has responded by blacklisting the addresses that received stolen funds.16270
The market capitalization of the world’s largest stablecoin received a boost despite facing regulatory threats in the United States.11620
“Poly Network has no intention of holding Mr. White Hat legally responsible," said the team.6256