A $5 million hack that has baffled investigators in Brazil was thwarted with assistance from local OTC trading desks. A $5 million online heist in Brazil targeting Spanish multinational financial institution, Banco Santander was thwarted after the funds were seized with local over-the-counter (OTC) crypto exchanges. The perpetrators immediately moved to convert the stolen funds […]
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Hackers infected the largest private hospital in Europe with ransomware. Hackers infected the IT infrastructure of the largest private hospital in Europe with ransomware. Cybersecurity news outlet, KrebsonSecurity, reported on May 6 that hackers compromised the IT systems of Germany-based private hospital, Fresenius. An anonymous source reportedly informed the outlet that the hospital’s systems were […]
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After a meteoric rise, DeFi has suffered several high-profile setbacks. The question is not about whether it will recover, but what needs to be done to ensure recovery. The “hack” of the DAO runs deep into the collective memory of the cryptocurrency community. After an extremely successful crowdfund in May 2016, the DAO lasted a […]
Continue ReadingThe DeFi sector will continue to grow in the future despite the difficulties that the industry has faced since the beginning of 2020, but be careful by choosing whom to trust. Decentralized finance, or DeFi for short, became a buzzword in 2019 following the valuations of MakerDao and Compound after both companies raised sizable rounds […]
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Decentralized file- and web-hosting protocol InterPlanetary File System announced its largest upgrade so far. Decentralized file- and web-hosting protocol InterPlanetary File System (IPFS) announced its largest upgrade so far. According to an announcement shared with Cointelegraph, the developers will release IPFS version 0.5. on April 28. IPFS 0.5 reportedly makes uploading new data 25 times […]
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After recovering the funds from a $25 million hacks, dForce has reportedly refunded all its affected users. Decentralized finance protocol dForce has reportedly refunded all users who were affected in a recent $25 million hack. According to a tweet on April 27, “Over 90% of assets have been distributed to users in less than 24 […]
Continue ReadingNgrave has launched what it claims is the first cryptocurrency wallet boasting EAL7-certification — one of the highest security gradings in the world. Digital asset security firm Ngrave announced sales for its flagship product, the fully offline hardware wallet Ngrave Zero, will launch next month. The devices will be made available for purchase on Indiegogo […]
Continue ReadingDoes blockchain technology grant enough anonymity? Experts’ opinions vary, as some say the technology hasn’t lived up to the expectations. The first blockchain was launched more than 10 years ago and since then, it has evolved from simply being a backbone for Bitcoin (BTC) to a global technological phenomenon. In some sense, the distributed ledger […]
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Bitfinex is planning to list its first cross-chain DeFi token pBTC to further push DeFi adoption and liquidity. Major crypto exchange, Bitfinex, continues to drive decentralized finance, or DeFI, adoption by announcing support for a new cross-chain DeFi solution. Bitfinex exchange plans to list pTokens (pBTC) — a new token that aims to unlock cross-chain […]
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Details of the dForce hack led to many in the DeFi community to question the security practices of the firm, which many believe cloned Compound’s code. The hacker who stole $25 million in crypto on April 19 from decentralized finance, or DeFi, protocol, dForce, has since returned the money. Most signs indicate that this was […]
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