Decentralized finance, often referred to as DeFi, is a movement in the cryptocurrency and blockchain spaces that can be difficult to pin down exactly. It is both a large-scale vision for a new way of …
Crypto exchange Kraken settles with SEC for $30 million, will close U.S. staking operation
Crypto exchange Kraken will shutter its U.S. cryptocurrency staking operation and pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities, the Securities and …
Ethereum Gears Up For Next Big Upgrade; $29 Billion Of Ether To Be Unlocked
Ethereum developers and users are gearing up for the first major upgrade following the Merge, which marked the blockchain’s transition to near-carbon neutrality. Expected to occur next month, the …
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Pros and Cons of Cryptocurrency Investing
It's been a while since I wrote about cryptocurrency and cryptoassets. The last time I did, they were flying high. In 2022, it subsequently crashed. Industry leader Bitcoin dropped 70% with other …
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South Korea Issues Guidelines for Regulating Security Tokens as Legislation Looms
South Korea's Financial Services Commission (FSC) on Monday published guidelines on which blockchain-based iterations of traditional securities, known as security tokens, will qualify for regulation …
Ex-Coinbase manager pleads guilty in insider trading case
A former Coinbase Global Inc product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving cryptocurrency, his defense lawyer said in a court …
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Orion Protocol Hacked for $3 Million Through Reentrancy Attack
Orion Protocol – a liquidity aggregator for both CeFi and DeFi exchanges – saw its core contract hacked on Thursday across both its Ethereum and Binance Smart Chains (BSC) deployments. The hacker …
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Crypto’s Decentralized Finance Security Problem
Cryptocurrency has a decentralized finance problem: It's not very secure. Few cybersecurity experts dispute that the technology underlying cryptocurrencies - the blockchain - is secure. Wrapped in …
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Crypto investors lost nearly $4 billion to hackers in 2022
Last year marked the worst year on record for cryptocurrency hacks, according to Chainalysis’ latest analysis. Cryptocurrency hackers stole $3.8 billion in 2022, according to the blockchain analytics …
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OpenSea serves as an example of why crypto security must improve
In February 2022, OpenSea fell prey to a major phishing attack that resulted in over $1.7 million in nonfungible tokens (NFTs) being stolen from users. It wasn’t the only incident: Blockchain users …
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