WazirX breach post-mortem: Dismantling the $230M attack

Ukraine is ranked as the world’s leader in the Global Crypto Adoption Index 2020, according to a research published by Chainalysis earlier this fall. Despite this, cryptocurrencies still remain a gray area in the economy. Since 2014, Ukrainian authorities have been trying to implement crypto legislation that would transform the country into a competitive jurisdiction…

Stani Kulechov said that one of the challenges in the ecosystem is that there’s less backing in decentralized stablecoins compared to centralized ones. 147 Total views 2 Total shares Own this piece of history Collect this article as an NFTStani Kulechov, the founder of the decentralized finance (DeFi) protocol Aave, highlighted several issues within the…

Institutions have begun to take crypto seriously and have entered the space in numerous ways. As noted in a previous analysis, this has resulted in banks and fintechs looking at custody products and services for their clients. However, as custodians of clients’ assets, banks must also ensure they are clean assets and stay compliant.This is where…

Matthias Mende said while it’s very unfortunate, there are a lot of bad actors using social media who are constantly trying to bring harm to others. 107 Total views 1 Total shares Digital fraud is a huge problem in social media. Each day, scammers create new accounts mimicking popular content creators, and attempt to get…

Today, digital asset management fund Grayscale Investments will transfer nearly $3 billion worth in cryptocurrency holdings to American major crypto wallet provider and exchange exchange Coinbase.Largest single crypto transfer?As Forbes reported on Aug. 2, Grayscale is going to move almost $3 billion worth of its digital currency holdings, including Bitcoin (BTC), Bitcoin Cash (BCH), Ether…

The growth of stablecoin's market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times.Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position themselves for a…

The White House national strategy listed eight emerging technologies, focusing on building international standards and finding use cases in the economic sector. 348 Total views 3 Total shares Own this piece of history Collect this article as an NFTIn the United States, the White House released the national standards strategy for key and emerging technologies…

Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets.On Nov. 1, local news daily iHare reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare wrote that the…

Industry representatives have cast doubt on the legality and impact of the U.S. securities regulator's proposal to expand custody rules. 57 Total views 3 Total shares A proposal by the United States securities regulator to tighten rules around crypto custody has been met with opposition from at least two proponents of the industry, according to…