Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Cyber Security
Eclipse Attacks – What are They and How do They Work?
As the blockchain industry grows, we see an increase in the imagination of hackers. The first scams in the sector appeared somewhat naive. Today, we are witnessing the emergence of increasingly complex techniques. With the refinement of hacking methodology, it is increasingly more work for users to avoid cybersecurity traps. This article will discuss eclipse attacks and criminal mechanisms that attack blockchains. The direct victim of the attack is not, in this case, the end-user. However, as we will explain,…
3 years ago
Honeypot Crypto Scams – What are They and How do They Work?
The growth in popularity of cryptocurrencies is now evident to everyone, enthusiasts, and skeptics. However, among the many consequences of this phenomenon are aspects related to criminal activity. Several reports demonstrate the increase in crypto-related criminal activity in 2022. Among the many operations criminals use, the so-called "honey pot" is one of the most widespread. After a necessary premise on smart contracts, this article will explain how a honeypot works. But, more importantly, we will see how the world is…
3 years ago