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Ethereum Security Platform Drosera Secures $3.25 Million in Funding, Bringing Total Investment to $4.75 Million
In the rapidly evolving landscape of cryptocurrency and blockchain technology, smart contracts are becoming increasingly vital for enhancing security and automating complex processes. One innovative player in this space is Drosera, a company that has taken a unique approach to safeguarding the Ethereum network through the development of advanced smart contract solutions. At the heart…
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ChainGPT Partners with ChainAware to Enhance AML and Compliance Through Advanced Anti-Fraud Solutions
In a significant development within the blockchain and cryptocurrency landscape, ChainGPT, a leader in blockchain AI solutions, has announced its strategic partnership with ChainAware, a company renowned for its advanced anti-fraud and anti-money laundering (AML) technologies. This collaboration comes at a time when regulatory scrutiny in the cryptocurrency sector is escalating, necessitating a robust compliance…
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Teardrop Attacks in Cryptocurrency: Understanding and Preventing Them
In the rapidly evolving landscape of blockchain technology, security remains a paramount concern for stakeholders across various sectors. One of the emerging threats within this domain is the so-called “teardrop attack.” This form of cyber threat has garnered attention due to its potential to disrupt decentralized networks and compromise the integrity of blockchain systems. As…
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Counterfeit OKX Plugins Discovered on Firefox Browser Store
In the rapidly evolving landscape of digital finance, the significance of cybersecurity cannot be overstated. A statistical analysis conducted by the esteemed cybersecurity firm CertiK has unveiled a concerning trend in the realm of cryptocurrency security. The report reveals a sharp increase in the number of cyberattacks targeting the cryptocurrency sector, with incidents rising from…
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Crypto’s Historic Surge Linked to Rise in Kidnappings and Ransom Schemes
The increasing adoption of cryptocurrencies has brought with it a corresponding surge in risks associated with cybercrime, including ransomware attacks, kidnappings, and extortion. As the cryptocurrency market continues to evolve, it is essential for traders and investors to stay informed about the potential threats that could jeopardize their financial security. The expansion of the cryptocurrency…
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Virtuals Protocol Resolves Bug and Offers Bounty for Researcher’s Findings
In an environment where both innovative financial solutions and cybersecurity challenges converge, the recent discovery of a critical vulnerability in Virtuals Protocol’s audited smart contract has significant implications for the security and operational integrity of decentralized finance (DeFi) platforms. The discovery, made by a pseudonymous security researcher, underlines the constant need for vigilance and proactive…
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Reappearance of Infamous ‘Blockchain Bandit’: Transfers 51,000 ETH in Massive Fund Movement
On September 10, 2021, the cryptocurrency world was abuzz with news of a significant movement of funds on the Ethereum blockchain. Dubbed by some as the “Blockchain Bandit,” an unknown entity transferred a staggering $172 million worth of Ether (ETH) from 10 dormant wallets that had not seen activity since 2018. This unexpected and substantial…
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Adam Back: Quantum Computing Set to Strengthen Bitcoin Signatures
The post-quantum era, a significant milestone in the evolution of technology, is anticipated to be a reality in the coming decades. While the exact timeline for this transition remains uncertain, the impact it may have on various aspects of our digital landscape, including the security of the Bitcoin network, is a topic of growing interest…
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Identifying and Steering Clear of Deceptive Crypto Liquidity Pools
Cryptocurrencies have been gaining significant popularity and adoption in recent years, with many investors attracted to the potential for high returns in the rapidly evolving market. However, along with the opportunities presented by the cryptocurrency space come certain risks, including the prevalence of fake crypto liquidity pools and fraudulent projects. One of the key risks…
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Acurast Introduces Processor Lite for iOS: Enabling iPhone Users to Contribute to the Secure DePIN Cloud Revolution Supported by Polkadot
Acurast, a prominent player in the mobile technology industry, has introduced a groundbreaking innovation with the release of Processor Lite for iOS. This cutting-edge development marks a significant milestone in the realm of mobile device security and user empowerment. The advent of Processor Lite opens up new possibilities for iPhone users, enabling them to participate…
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Introducing Duress Mode by Deus Wallet: Enhancing Cryptocurrency Security with a Revolutionary Solution
Deus Wallet Introduces Duress Mode: The Revolutionary Solution for Cryptocurrency Security In the rapidly evolving landscape of cryptocurrencies, security remains a paramount concern for both individual investors and institutions. With the increasing popularity and adoption of digital assets, the need for robust security measures to protect cryptocurrency holdings has become more critical than ever. Recognizing…
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“Exciting Launch Ahead: SatLayer Ventures into BTCfi with Bitcoin Restaking Integration on Sui”
Grand Cayman, Cayman Islands, December 18th, 2024 – The prominent Sui developers have unveiled plans that will enable the integration of Bitcoin’s security and liquidity into their applications. This groundbreaking move has received notable attention in the financial market as Sui’s top protocols have expressed their support and readiness to embrace this initiative. The expansion…
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WhiteBIT Now the First Exchange to Reach the Top Cryptocurrency Security Standard
WhiteBIT has achieved a major milestone in its journey by emerging as the inaugural cryptocurrency exchange worldwide to secure Level 3 certification under the Cryptocurrency Security Standard (CCSS). This noteworthy feat, awarded by the CryptoCurrency Certification Consortium (C4), symbolizes a groundbreaking advancement in the realm of cryptocurrency platform security. By attaining this prestigious certification, WhiteBIT…
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OKX advises immediate update following disclosure of wallet bug
Cryptocurrency exchange OKX and blockchain security firm CertiK have recently announced the discovery of a critical vulnerability in OKX’s iOS wallet. This revelation has immediately prompted calls for users to update their apps in order to minimize the risk of a potential compromise to user data and crypto assets. On December 19th, CertiK made a…
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Vitalik Buterin suggests the implementation of ‘enshrined zkEVM’ to tackle layer-2 obstacles on Ethereum
In a recent blog post on December 13, Ethereum co-founder, Vitalik Buterin, introduced a groundbreaking concept for the blockchain platform known as the “enshrined Zero-Knowledge Ethereum Virtual Machine” (ZK-EVM). The primary objective of this proposal is to significantly enhance the efficiency and security of Ethereum’s Layer-2 protocols, which encompass optimistic and ZK rollups. By addressing…
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SEC Discussions Zero in on Key Details, Bringing Bitcoin ETFs Closer to Reality
Talks between the U.S. Securities and Exchange Commission (SEC) and several asset management firms have reportedly progressed to advanced technical discussions regarding the approval of spot Bitcoin exchange-traded funds (ETFs). According to sources familiar with the matter who spoke to Reuters on December 7, the talks have delved into key details surrounding the establishment of…
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Lazarus Group from North Korea Intensifies Cryptocurrency Attacks with Telegram Phishing
North Korea-backed hackers Lazarus Group are increasingly targeting the cryptocurrency community through widespread phishing operations on the popular messaging application Telegram, according to a Dec. 6 update from blockchain security firm SlowMist. The group’s new modus operandi involves impersonating reputable venture capital investment figures from Archax, HashKey, and Gumi Cryptos to lure crypto teams with…