Security

Road Town, British Virgin Islands, March 26th, 2024, Chainwire Lif3.com is thrilled to announce its integration with Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations. This collaboration brings together Lif3's innovative multi-chain DeFi ecosystem with Fireblocks' trailblazing security solution, including their Direct Custody platform and cutting-edge Non-Custodial Wallets-as-a-Service (WaaS) to enhance safety, security and enhance operational efficiency for the Lif3 ecosystem. With the integration of Fireblocks' Non-Custodial WaaS, Lif3 (LIF3/USD)(LIF3/USDt), the revolutionary multi-chain DeFi Layer-1…

The United States Securities and Exchange Commission is attempting to classify ETH, the world’s second-largest cryptocurrency, as a security.  The move to classify ETH as a security is being seen as an attempt to scuttle the approval of a spot Ethereum ETF, something the SEC is reluctant to give the green light for.  SEC Looking For An Excuse To Not Approve ETF  The United States Securities and Exchange Commission is running an energetic legal campaign to classify Ethereum as a…

Super Sushi Samurai (SSS), a newly launched altcoin, has suffered a significant security breach. As of the latest update, SSS’s market value has dropped to $0.000000000002239, marking a devastating 99% decrease. Likewise, its 24-hour trading volume spiraled down to $9,570.9. Altcoin Super Sushi Samurai (SSS) Exploited The breach was first detected and announced by Certik, a leading security firm specializing in blockchain technology. According to Certik, the Super Sushi Samurai token experienced a critical incident on the Blast platform. It…

Smart contracts are becoming increasingly prevalent as the world moves towards a more digital and automated future. Still, they are far from being the panacea of all technological ills. Smart contracts are self-executing contracts with a predetermined set of rules. They are stored on the blockchain and run by computers, which makes them tamper-proof and reliable. However, as with any new technology, smart contracts have associated risks. This article will explore some of the most common pitfalls and how to…

Much of the crypto community was appreciative of the crypto regulation bill that senators Cynthia Lummis and Kirsten Gillibrand tabled last week. However, a particular subset – especially diehard Bitcoiners – aren’t entirely happy with how it treats Bitcoin or altcoins. Mike Cargile Political candidate Mike Cargile believes the bill vastly understated the inherent potential of Bitcoin. By forcing it to be under the government of either the SEC or CFTC, he thinks it limits Bitcoin’s potential as a “currency.”…

Solidproof is among the most trusted blockchain security and smart contract auditing companies in the crypto market today. The Germany-based company aims to fix the security and transparency issues smothering the crypto space. But, unfortunately, as the industry attains more progress, so do the opportunities for bad actors to victimize honest investors. According to a yearly report on crypto crimes by Chainalysis, $14 billion of all transactions in crypto in 2021 were associated with scams or money laundering. These figures…

The Securities and Exchange Commission (SEC) remains hazy on which cryptocurrencies are “securities'', versus “commodities”. Even Ethereum isn’t out of the woods.    The SEC is notoriously slow at providing regulatory clarity for the crypto industry. Besides its strange hostility toward permitting a Bitcoin spot ETF, the commission refuses to classify which cryptocurrencies are securities. Instead, SEC chairman Gary Gensler continues to make vague statements on the matter that shake confidence in every altcoin holder. In a September conversation with…

Cryptocurrencies are slowly taking the lead in the financial sector. Since their initial introduction, investors have earned a substantial income. However, venturing into the crypto world has downsides, including the insecurity question. In most cases, insecurity is evident in cyber-related activities, whereby innocent investors get duped by cybercriminals.  Therefore, it becomes necessary for cryptocurrencies to enforce security measures to counter threats that users may face. By adopting some security features, the digital currency gains more trust from the crypto community…

Blockchain, as we all know, is a chain of blocks but not in a literal sense; when we talk of "Block" and "Chain," it is all about digital information that is the "block" stored in a digital database, the "chain." Blocks store information concerning transactions like time, date, and dollar amounts of the most recent purchase.  Cryptocurrencies are a form of micro or virtual currency running on a technology known as blockchain technology. You can owe this innovation coming into…