Security

The fusion of Polygon (MATIC) with Farcaster Frames marks a major leap in blockchain usability and efficiency, aligned with deep insights into Bitcoin’s crucial buying zones. This development underscores the market's openness to recognizing top crypto performers. Simultaneously, BlockDAG has disclosed its expert founding team after a robust $62.8 million presale, marking the dawn of a new era for the platform. This strategic disclosure sets BlockDAG on a trajectory to challenge traditional market giants, propelling it into the top 30…

Nexo, a leading institution in digital asset management, has announced its continued commitment to data security after successfully renewing its SOC Type II audit. Paired with the achievement of a new SOC 3 Type II certification, the expanded audit scope, now including additional Trust Service Criteria such as Confidentiality, demonstrates Nexo’s dedication to the safeguarding of sensitive user data. On July 25, 2024, Nexo announced these significant milestones with an emphasis on data protection, which remains at the heart of…

The post WazirX Hack Update: Recovery Initiatives and Security Upgrades After $230M Theft appeared first on Coinpedia Fintech News WazirX, one of India’s largest crypto exchange platforms, has been making very interesting progress, particularly in reaction to the recent $230 million hack with more emphasis placed on how to return the stolen money and secure the platform.  Since the cyber attack on its multi-sig wallet, WazirX has been in touch with the affected projects that are associated with the stolen…

The post LI FI Cross-Chain Aggregator Suffers $9.73M Security Breach appeared first on Coinpedia Fintech News LI FI, a cross-chain transaction aggregator, has recently suffered a security breach. Cybers Alerts has reported some transactions as potentially fraudulent and has recommended users to cancel them. The hacker has withdrawn over $9.7 million, mostly in stablecoins, and is swapping USDC and USDT for ETH. The LI FI team has recommended the users not to use any LI FI-based applications for now. They…

Dubai, UAE, July 15th, 2024, Chainwire BNB Chain experienced a decrease of ~83.3% in total amount loss in Q2 2024 in comparison to Q2 2023  Moreover, in Q2, 2024 BNB Chain experienced a ~19% decrease in total losses and a ~18.6% decrease in the number of security incidents compared to Q1, 2024 Salus, the Web3 security firm tackling the most complex security challenges through fundamental scientific research, has today released its BNB Chain 2024 Security Report. The report provides an…

Ripple’s appeal to central banks lies in its promise of speed, security, and digital innovation, challenging traditional banking methods with blockchain technology for instant global transfers. Ripple positions itself as a key player in CBDC solutions, offering infrastructure for governments to deploy their digital currencies. For many decades, the global central banks have maintained unchallenged control of the global economy by following traditional banking methods. However, with blockchain seeing rising adoption, players like Ripple have come to the forefront offering…

Franco Amati criticizes the regulations, claiming they restrict Bitcoin use and compromise user privacy and security. Alejandro Estrin highlights the growing interest in cryptocurrencies in Argentina, viewing regulations as protective and innovative. More than three months after Argentina implemented Bitcoin ecosystem regulations focusing on exchanges and similar platforms, the local crypto community remains divided. While some claim users despise these regulations, others argue they increase interest in these digital assets. As we pointed out in Crypto News Flash, since March,…

Compound Finance's website was hijacked by hackers, redirecting users to a phishing site, but the protocol's smart contracts and funds remain secure. ZachXBT's Alert and Confirmation of Breach Compound Finance, a prominent decentralized finance (DeFi) lending platform backed by Coinbase and a16z crypto, has suffered a significant security breach. On July 11, crypto investigator ZachXBT revealed via their official Telegram channel that the Compound Finance website had been hijacked, redirecting users to a newly registered phishing site. ZachXBT, known for…

Tokenize.it introduces the first Security Token Offering (STO) with BWALA Tokens, facilitating Bitwala’s crowdfunding on their platform. The platform offers enhanced process efficiency and legal optimizations for STOs tailored to German regulations. A New Era in Startup Financing: The Tokenize.it and Bitwala Partnership Tokenize.it GmbH, a pioneering force in the blockchain space, has officially announced the launch of the first Security Token Offering through crowdfunding, marking a significant innovation in financial strategies for startups. Bitwala, a frontrunner in embracing this…