Security News

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. 

Opinion
A dizzying lack of transparency as the crypto exchange is hacked and $150m in customer funds goes missing
Not your keys, not KuCoin's: Red flags ignored
Jon Rice
2020-09-26T11:02:48+01:00
6391
Breaking news
The crypto space continues to build frameworks to supplement DeFi's rising star.
DeFi and security not mutually exclusive, say CertiK and Binance Smart Chain reps
Benjamin Pirus
2020-09-23T16:47:27+01:00
3629
News
The SEC-approved IPO holder prefers to store crypto 100% offline.
INX exchange taps Israeli crypto startup GK8 for crypto custody
Helen Partz
2020-09-17T17:37:57+01:00
8001
Opinion
Web 3.0 will certainly be a step toward a more decentralized, immutable and censorship-resistant version of the web.
Web 3.0 would enable new possibilities and opportunities
Zhong Gengfa
2020-09-15T15:00:00+01:00
5519
News
Whether CZ is coming to the rescue or not remains to be seen.
Binance will ‘do what they can’ to help recover funds stolen in yesterday’s $5M Eterbase hack
Felipe Erazo
2020-09-10T22:07:00+01:00
10282
Opinion
Before we run to build more DeFi products, let’s first walk to improving the underlying infrastructure.
Blockchain needs to walk before it runs to DeFi
Kadan Stadelmann
2020-09-10T14:00:00+01:00
5099
News
Hot wallet attacks have been making a lot of headlines lately.
$5M stolen from a European crypto exchange after hot wallets compromised
Felipe Erazo
2020-09-09T19:20:00+01:00
7243
News
Windows users must be wary.
Microsoft warns digital currency owners to be aware of new malware
Ting Peng
2020-09-06T20:00:00+01:00
46895

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