Proof of Work (PoW) is a consensus algorithm used in blockchain networks to validate transactions and create new blocks. It requires participants, known as miners, to solve complex mathematical …
Debunking the myth: Cryptocurrency is used for criminal activity
Cryptocurrency is often associated with criminal activity, but this is mostly a myth, especially today. Bitcoin and other cryptocurrencies don’t provide complete anonymity due to the …
Continue Reading about Debunking the myth: Cryptocurrency is used for criminal activity
Euler Hack Shines Light on Promise – and Peril – of DeFi Composability
Euler Labs is offering a $1M bounty for information that leads to the arrest of a hacker who stole more than $200M from the Euler protocol on Monday. The hack is the sixth-largest in DeFi history. …
Continue Reading about Euler Hack Shines Light on Promise – and Peril – of DeFi Composability
Shift In Cryptojacking: From End-User Machines To Cloud Services
The era of the "Gold Rush" in the niche of cryptocurrencies has long passed. Currently, cryptojacking, which involves using malicious software for cryptocurrency mining, is only financially viable on …
Continue Reading about Shift In Cryptojacking: From End-User Machines To Cloud Services
Is the IMF shutting the door prematurely on Bitcoin as legal tender?
There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador and the …
Continue Reading about Is the IMF shutting the door prematurely on Bitcoin as legal tender?
Sanctioned cryptocurrency tool appears to reemerge under new name
A popular tool that North Korean government-affiliated hackers had allegedly used to disguise their cryptocurrency transactions appears to have reemerged under a new name after being sanctioned by the …
Continue Reading about Sanctioned cryptocurrency tool appears to reemerge under new name
Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges
For years, the cryptocurrency economy has been rife with black market sales, theft, ransomware, and money laundering—despite the strange fact that in that economy, practically every transaction is …
Continue Reading about Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges
Analysis: Bankman-Fried fraud charges sidestep debate over how U.S. law sees crypto
Sam Bankman-Fried may find it hard to argue the fraud charges against him should be tossed because of uncertainty as to how U.S. law treats cryptocurrency, as other high-profile defendants in criminal …
1,000 Cryptocurrency Tokens Met Their Demise in 2022
The world of cryptocurrencies has seemingly gone on a massive diet through this bear market, as the number of active tokens has decreased by almost 1,000 - the biggest-ever annual decline, according …
Continue Reading about 1,000 Cryptocurrency Tokens Met Their Demise in 2022
FTX Investor Impact: Timeline of Realized Cryptocurrency Gains and Losses Shows FTX Hit Investor Wallets Less Than Previous Crises
Allow us to state the obvious: There’s been a lot of doom and gloom in conversations around cryptocurrency over the last month. This is warranted to an extent: FTX, one of the industry’s biggest and …