In an unexpected turn of events, the third quarter of 2024 has yielded a notable decrease in cybersecurity breaches, with only 28 incidents reported. This represents the lowest frequency of hacks observed over the past three years. Despite the reduction in the number of attacks, the total financial loss remains staggering, amounting to $463.6 million.
Crypto
On October 2nd, Taiwan’s Financial Supervisory Commission (FSC) announced a significant overhaul of its Anti-Money Laundering (AML) regulations, specifically targeting local virtual asset service providers (VASPs). These new protocols aim to enhance the nation’s oversight of the increasingly complex landscape of cryptocurrency and digital assets. This article will delve into the crucial aspects of the
Wrapped Bitcoin (WBTC) has carved a significant niche for itself in the realm of tokenized assets, particularly by enabling Bitcoin holders to engage with decentralized finance (DeFi) on alternative blockchains like Ethereum and Solana. Developed collaboratively by BitGo, Kyber Network, and Ren, WBTC provides a unique proposition by offering a 1:1 representation of Bitcoin, which
In the ever-changing landscape of the cryptocurrency market, the last 24 hours have been particularly eventful, spotlighting Bitcoin’s notable recovery. After fluctuating around $61,000, Bitcoin managed to break through a crucial psychological barrier, climbing to approximately $62,250. This shift comes on the heels of a minor dip that saw its price plummet to nearly $60,800,
OpenSea once stood as a beacon of success within the non-fungible token (NFT) marketplace, drawing attention and investment as digital art and collectibles surged in popularity. However, the past few months have painted a different picture for the platform, one marred by an alarming decline in business operations and a shift in market dynamics. Factors
The world of cryptocurrency, often shrouded in innovation and potential, has recently witnessed a disconcerting rise in security breaches. According to a report from the blockchain security firm PeckShield, September 2024 was particularly alarming, with over 20 hacking incidents recorded and losses exceeding $120 million. The gravity of this situation is underscored by the notable
The recent sale of CryptoPunk 1563, which was reported at an astonishing $56.3 million, has sent shockwaves through the art and cryptocurrency communities. This transaction occurred amid widespread speculation that it was merely a promotional gimmick for a forthcoming meme coin dubbed “Kamala Harris Punk.” Such a high-profile sale raises profound questions regarding both the
As the global landscape continues to shift towards digital innovation, cryptocurrencies have emerged as a significant topic influencing political discourse in the United States. Recent findings from a survey conducted by ConsenSys and HarrisX highlight a remarkable trend: a substantial number of U.S. voters regard the crypto stance of political candidates as a crucial element
In recent years, the rapid evolution of blockchain technology has brought forth incredible advancements that promise to reshape various industries. However, with this innovation comes an alarming trend: the rise of non-practicing entities (NPEs), often referred to as “patent trolls.” These entities exploit the legal system by acquiring patents solely to use them as leverage
The cryptocurrency market has proven to be volatile, and recent geopolitical events have exacerbated this instability. Notably, tensions flared after Iran targeted Israel with missile strikes, leading to significant price dips in various cryptocurrencies. Bitcoin, the flagship cryptocurrency, saw its value plunge below $60,500 before attempting a recovery. This incident underscores the fragile nature of
