Security

In the fast-paced world of cryptocurrency, where both security and user-friendliness are paramount, Iron Wallet is making waves as a revolutionary solution. Tailored to provide a harmonious balance between robust security features and an intuitive interface, Iron Wallet is the next-generation cryptocurrency wallet for storing and managing digital assets. Whether you're a crypto newcomer or an experienced trader, Iron Wallet's user-centric design and innovative features make it a standout option in the increasingly competitive crypto market. In this article, we…

Grand Cayman, Cayman Islands, October 2nd, 2024, Chainwire Sui becomes the first blockchain to enable the most secure modern alternative to the Border Gateway Protocol Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, announced that it will be the first blockchain to provide validators with a comprehensive defense against Internet routing attacks that have caused significant downtime on other networks, addressing the risks to Web 3.0 at the layer of the underlying Internet infrastructure and fortifying…

Are you concerned about the safety of your crypto assets in the blockchain world? I understand that feeling completely. After many late nights researching this topic, I've learned that while blockchain technology is highly secure, it's not entirely impenetrable. I'm here to help. In this article, I'll share some proven tips to keep your digital assets secure. These insights come from personal experience, so you can feel confident your investments are protected. I'll guide you through effective ways to safeguard…

Dubai, United Arab Emirates, September 20th, 2024, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, is stepping up its security efforts, using cutting-edge AI technology to fend off hackers and bad actors. In the first half of 2024, Bybit protected users by executing 32 million withdrawals and prevented the loss of over $79 million in client assets by vetting close to $1 billion in suspicious withdrawal attempts. More than $37 million in project funds were also safeguarded. As…

New York, US, September 19th, 2024, Chainwire On September 19, 2024, leading Web3 security firm CertiK, CertiK Ventures, OKX Ventures, and OKX Wallet hosted the “New Round, New Path” event during Token2049. During this event, CertiK announced a comprehensive upgrade of its products and services, which cover the entire life cycles of Web3 projects. Additionally, CertiK announced the launch of its free community security tools, including Token Scan and Wallet Scan, to support the evolving community. CertiK’s highly anticipated CertiK…

Decentralized Finance (DeFi) platform Delta Primes suffered a security breach on Monday, affecting the protocol’s users. The attack took $6 million from the project’s pools and is under investigation. However, on-chain investigators suspect it could be linked to North Korean hackers and be part of a larger-scale scheme. Hackers Drain $6 Million From DeFi Protocol On Monday morning, cyber security platform Cyvers Alerts informed the community about the ongoing attack on DeFi borrowing protocol Delta Primes. The initial report revealed…

Cayman Islands, Cayman Islands, September 12th, 2024, Chainwire The first-of-its-kind DeFi liquidity protocol focusing on redefining trust and security for DeFi Granite, a groundbreaking Bitcoin DeFi liquidity protocol that empowers users with unprecedented security and control over their Bitcoin assets, today announced its launch. Incubated by Trust Machines, Granite represents a significant evolution in the DeFi landscape, setting new standards for transparency and user-centric financial services – all backed by the power of Bitcoin L2s. Granite enables BTC users to…

As the world of cryptocurrency continues to evolve, so do the issues associated with it, specifically regulations for the industry. One of the hottest debates recently is whether or not staking, a popular method of earning passive income, should fall under the category of a security. This question is not purely academic because it bears significance on how staking is regulated and on the platforms that offer staking. This article looks into the matter more thoroughly, and we will also…

The post August 2024 Crypto Security Report: Over $300 Million Lost to Exploits, Hacks, and Scams appeared first on Coinpedia Fintech News The month of August 2024 has seen many misfortunes with regard to the crypto space, which saw a rise in crypto loss of approximately $300.6 million to hackers, fraudsters, and other sorts of swindlers. Certik Alerts has reported this as the second-highest monthly loss for the year 2024 after a month which was laden with so many large…