The platform has paid out more than $7.5 million in bug bounties since inception in December 2020.
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.
- Platform provides entry into the cryptocurrency world with a decentralized account model aimed to connect experiences
To showcase the total utility of the blockchain, an ecosystem that creates a single entry point into multiple applications can help users see the technology for more than its cryptocurrency use case.863
Instead of a safe harbor for crypto firms, SEC Commissioner Caroline Crenshaw called for a “bridge” in which crypto firms work with the SEC to determine compliance plans.3853
The XRP price chart is painting a golden cross while rising inside an ascending channel.21601
- No outages, no data leaks: The new WhatsApp killer built on the blockchain creates privacy-focused encrypted messenger
Messenger and WhatsApp are known for aggregating user data and selling it for profit to advertisers. This company brings an encrypted messenger to protect the data.25593
Lossless also plans to ship a security tool that will reportedly aid DeFi projects in preventing hacks and exploits on their platforms.6845
Malicious actors reportedly took advantage of Coinbase’s SMS account recovery process to gain access to user funds.33971
RGT, POLY and TLOS secure double-digit gains as investor sentiment rises after the Fed says it will not ban cryptocurrencies and Bitcoin briefly reclaims $44,000.8635
The SEC asserts that the defendants unlawfully gleaned more than $700,000 through a wash-trading scheme that targeted exchanges offering market maker rebates.10436
As part of its partnership with Arca Labs, Securitize will help launch tokenized financial products for the firm, starting with Arca’s registered tokenized treasury fund.3602
Coinbase CEO Brian Armstrong has stated that the SEC won’t meet with the firm while asserting that 50% of Washington officials are concerned over the risks of crypto.8185
Mastercard’s upcoming acquisition of CipherTrace demonstrates the need for payments giants to partner with crypto firms to enable digital asset innovation.4980
This platform offers an opportunity to own your data and profit from it.4489
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.3491